Please ensure Javascript is enabled for purposes of website accessibility Forty Fund - Janus Henderson Investors
For Financial Professionals in the US

JCAPX Forty Fund

We believe our differentiated view from the market identifies growth where growth is scarce, positioning our investments to outperform the index over time

NAV
$59.60
As of 07/12/2024

1-Day Change
$0.35 (0.59%)
As of 07/12/2024

YTD Return
22.68%
As of 07/12/2024

Morningstar Rating

As of 06/30/2024

Overview

ABOUT THIS FUND

Concentrated large-cap growth fund, leveraging our three decades of experience in high-conviction investing. By investing in our best wide-moat ideas, the Fund seeks to add excess returns over the long term. Given its concentrated nature, the Fund may exhibit moderately higher volatility than its benchmark.

WHY INVEST IN THIS FUND

High-Conviction Approach
Fundamental research-driven approach, investing with conviction in 30 to 40 of our best large-cap growth ideas where we believe we have a differentiated view from the market.

Innovative Wide-Moat Companies
Seeks companies with sustainable competitive advantages that capitalize on their competitive moat to grow market share globally over a multi-year period. Emphasizes dominant companies driving innovation and change through disruptive technologies, products or business models.

Stock Selection Drives Return
Stock picker’s fund designed to deliver long-term growth of capital with a high-conviction approach. Seeks to use risk wisely, leveraging our best ideas in a concentrated portfolio to drive potential outperformance of the index over time.

 

PORTFOLIO MANAGEMENT

Doug Rao

Portfolio Manager

Industry since 1998. Joined Firm in 2013.

Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Brian Recht

Co-Portfolio Manager | Research Analyst

Industry since 2011. Joined Firm in 2015.

Performance

RETURNS (%) (As of 06/30/2024)
Forty Fund - I Shares Russell 1000® Growth Index S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/01/1997)
Forty Fund - I Shares 5.75 19.29 31.64 5.90 16.08 15.65 12.53
Russell 1000® Growth Index 8.33 20.70 33.48 11.28 19.34 16.33 10.00
S&P 500® Index 4.28 15.29 24.56 10.01 15.04 12.86 9.33
RETURNS (%) (As of 06/30/2024)
Forty Fund - I Shares Russell 1000® Growth Index S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/01/1997)
Forty Fund - I Shares 5.75 19.29 31.64 5.90 16.08 15.65 12.53
Russell 1000® Growth Index 8.33 20.70 33.48 11.28 19.34 16.33 10.00
S&P 500® Index 4.28 15.29 24.56 10.01 15.04 12.86 9.33
Calendar Year Returns (%)
Forty Fund - I Shares Russell 1000® Growth Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Forty Fund - I Shares 39.91 -33.54 22.98 39.21 36.86 1.50 29.60 2.37 12.20 8.88
Russell 1000® Growth Index 42.68 -29.14 27.60 38.49 36.39 -1.51 30.21 7.08 5.67 13.05

MORNINGSTAR PERCENTILE

(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 44 64 41 15 5
Large Growth | Rank/Count 529/1173 696/1120 436/1077 128/972 15/475
(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 44 64 41 15 5
Large Growth | Rank / Count 529/1173 696/1120 436/1077 128/972 15/475

GROWTH OF A HYPOTHETICAL INVESTMENT

Forty Fund - I Shares Russell 1000® Growth Index Large Growth

RETURNS-BASED STATISTICS (As of 06/30/2024 Class I Shares)

RISK / REWARD
VS. Russell 1000 Growth TR Index
3YR 5YR
Information Ratio -1.26 -0.73
Alpha -4.89 -2.45
Tracking Error 3.84 3.71
Beta 1.00 0.98
R-squared (%) 96.79 96.69
UP/DOWN MARKET CAPTURE (%)
VS. Russell 1000 Growth TR Index
3YR 5YR
Up Capture Ratio 91.37 91.63
Down Capture Ratio 106.47 100.92
STANDARD DEVIATION 3YR 5YR
Forty Fund 21.63 20.53
Russell 1000 Growth TR Index 21.21 20.57
SHARPE RATIO 3YR 5YR
Forty Fund 0.12 0.66
Russell 1000 Growth TR Index 0.37 0.82
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS I SHARES
Management Fees 0.47%
Other Expenses 0.09%
Total Gross Expenses 0.56%
Waivers 0.00%
Total Net Expenses 0.56%

Portfolio

Index represents the Russell 1000® Growth Index.

Top Holdings (As of 06/30/2024)
% of Fund
Microsoft Corp 11.46
NVIDIA Corp 8.39
Amazon.com Inc 6.70
Apple Inc 5.95
Meta Platforms Inc 5.62
Mastercard Inc 4.94
Alphabet Inc 4.28
Eli Lilly & Co 3.06
ASML Holding NV 3.00
Booking Holdings Inc 3.00
TOTAL 56.40
View full holdings
Portfolio Characteristics (As of 06/30/2024)
  FUND INDEX
Number of Holdings
Equity Issues
37 440
Market Capitalization
Weighted Average
$1,226.90B $1,447.50B
Portfolio Turnover Rate
(1-year trailing)
34.84% -
Price/Earnings Ratio
(1-year forward)
28.23 28.17
Price/Book Ratio
9.68 12.31
Earnings Growth Rate
(1-year forward)
23.09% 22.28%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 06/30/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 06/30/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 06/30/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 06/30/2024

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