JSMD Small/Mid Cap Growth Alpha ETF

A Smart Growth® philosophy built on a 45+ year legacy of bottom-up investing, which seeks to identify companies that can deliver sustainable growth over time

NAV
$43.77
As of 10/18/2019

1 Day Change
-$0.32 (-0.73%)
As of 10/18/2019

YTD Return
18.61%
As of 10/18/2019

30 Day SEC Yield
0.32%
As of 09/30/2019

Overview

ETF OBJECTIVE

Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Henderson Small/Mid Cap Growth Alpha Index.

ABOUT THIS ETF

A small-mid-cap growth ETF that systematically identifies Smart Growth® companies utilizing a process based on Janus Henderson’s 45+ years of fundamental research. The strategy seeks to provide risk-adjusted outperformance by identifying top-tier small- and mid-cap companies with some of the strongest fundamentals that we believe can deliver sustainable growth in a variety of market environments.

WHY INVEST IN THIS ETF

Smart Growth® Process

A proprietary methodology that evaluates small/mid-cap stocks from a universe of 2,500, in three key areas: growth, profitability and capital efficiency. The Smart Growth® process systematically identifies companies that may be poised for long-run sustainable growth.

Proprietary Fundamental Methodology

Each stock is evaluated on 10 fundamental factors to identify companies that can exhibit durable growth. Growth measures include revenue growth rate; profitability measures include operating profit and earnings per-share; and capital efficiency measures include return on invested capital. The portfolio seeks to invest in the top-tier of eligible stocks.

Seeks Risk-Adjusted Outperformance

Not only designed for risk-adjusted outperformance relative to the asset class, but also includes the potential for lower draw down risk than traditional growth indices, by aiming to avoid small companies without solid fundamental businesses.

JANUS HENDERSON ENHANCED BETA ETFs

Innovative strategies that package investing insights — whether that’s a distinctive process or a time-tested philosophy — with the features of an ETF.

PORTFOLIO MANAGEMENT

Benjamin Wang, CFA

Portfolio Manager | ETP Quantitative Strategy

Industry since 2005. Joined Firm in 2014.

Scott M. Weiner, D.Phil.

Head of ETP Quantitative Strategy

Industry since 1997. Joined Firm in 2014.

Performance

RETURNS (%) (As of 09/30/2019)
NAV Market Price Janus Henderson Small/Mid Cap Growth Alpha Index Russell 2500™ Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/23/2016)
NAV -3.09% 18.51% -4.59% 14.37% - - 17.57%
Market Price -3.04% 18.83% -4.57% 14.38% - - 17.57%
Janus Henderson Small/Mid Cap Growth Alpha Index -2.98% 18.84% -4.17% 14.83% 12.30% 15.14% 18.07%
Russell 2500™ Growth Index -3.18% 19.97% -4.11% 12.33% 10.22% 13.48% 16.09%
RETURNS (%) (As of 09/30/2019)
NAV Market Price Janus Henderson Small/Mid Cap Growth Alpha Index Russell 2500™ Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/23/2016)
NAV -3.09% 18.51% -4.59% 14.37% - - 17.57%
Market Price -3.04% 18.83% -4.57% 14.38% - - 17.57%
Janus Henderson Small/Mid Cap Growth Alpha Index -2.98% 18.84% -4.17% 14.83% 12.30% 15.14% 18.07%
Russell 2500™ Growth Index -3.18% 19.97% -4.11% 12.33% 10.22% 13.48% 16.09%

RETURNS-BASED STATISTICS (As of 09/30/2019 )

Risk / Reward
vs. Russell 2500™ Growth Index
3YR 5YR
Information Ratio 0.56 -
Alpha 1.78 -
Tracking Error 3.58 -
Beta 1.01 -
R-squared (%) 95.60 -
Up And Down Market Capture (%)
vs. Russell 2500™ Growth Index
3YR 5YR
Up Capture Ratio 105.97 -
Down Capture Ratio 97.87 -
Standard Deviation 3YR 5YR
JSMD – Small/Mid Cap Growth Alpha ETF 17.07 -
Russell 2500™ Growth Index 16.55 15.71
Sharpe Ratio 3YR 5YR
JSMD – Small/Mid Cap Growth Alpha ETF 0.75 -
Russell 2500™ Growth Index 0.65 0.59

FREQUENCY DISTRIBUTION OF PREMIUMS AND DISCOUNTS

Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 16 2 45 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 25.00% 3.13% 70.31% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 22 5 35 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 34.92% 7.94% 55.56% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 24 5 32 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 39.34% 8.20% 52.46% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 18 2 41 1 0 1
Percent of Total Days 0.00% 0.00% 0.00% 28.57% 3.17% 65.08% 1.59% 0.00% 1.59%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 6 20 36 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 9.52% 31.75% 57.14% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 1 21 13 27 0 0 0
Percent of Total Days 0.00% 0.00% 1.56% 32.81% 20.31% 42.19% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 26 10 22 1 0 0
Percent of Total Days 0.00% 0.00% 0.00% 42.62% 16.39% 36.07% 1.64% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 34 8 17 2 0 0
Percent of Total Days 0.00% 0.00% 0.00% 53.97% 12.70% 26.98% 3.17% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 1 36 6 14 2 0 4
Percent of Total Days 0.00% 0.00% 1.59% 57.14% 9.52% 22.22% 3.17% 0.00% 6.35%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 24 4 35 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 38.10% 6.35% 55.56% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 10 27 25 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 16.13% 43.55% 40.32% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 4 31 28 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 6.35% 49.21% 44.44% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 7 38 19 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 10.94% 59.38% 29.69% 0.00% 0.00% 0.00%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 1 44 16 0 0 3
Percent of Total Days 0.00% 0.00% 0.00% 1.56% 68.75% 25.00% 0.00% 0.00% 4.69%
Market price below NAV Market price equal to NAV Market price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 0 14 11 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 0.00% 56.00% 44.00% 0.00% 0.00% 0.00%
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
09/30/201910/01/201910/04/2019$0.026364$0.000000$0.000000$0.026364
06/28/201907/01/2019 07/05/2019$0.041866$0.000000$0.000000$0.041866
03/29/201904/01/201904/04/2019$0.014657$0.000000$0.000000$0.014657
12/20/201812/21/201812/27/2018 $0.104245$0.000000$0.000000 $0.104245
09/28/201810/01/201810/04/2018$0.021892$0.000000$0.000000$0.021892
06/29/201807/02/201807/06/2018$0.045306$0.000000$0.000000$0.045306
03/29/201804/02/201804/05/2018$0.023581$0.000000$0.000000$0.023581
12/22/201712/26/201712/29/2017$0.050469$0.000000$0.000000$0.050469
09/29/201710/02/201710/05/2017$0.028954$0.000000$0.000000$0.028954
06/30/201707/05/201707/07/2017$0.013634$0.000000$0.000000$0.013634
03/31/201704/04/201704/06/2017$0.022360$0.000000$0.000000$0.022360
12/23/201612/28/201612/30/2016$0.076622$0.000000$0.000000$0.076622
09/30/201610/04/201610/06/2016$0.009572$0.000000$0.000000$0.009572
06/30/201607/05/201607/07/2016$0.016506$0.000000$0.000000$0.016506
3/31/20164/4/20164/6/2016$0.011340$0.000000$0.000000$0.011340

Portfolio

Index represents the Russell 2500™ Growth Index.

(As of 10/17/2019)
% of Fund
Uber Technologies Inc 2.96
Masimo Corp 2.47
Westlake Chemical Corp 2.42
Jazz Pharmaceuticals PLC 2.15
Paycom Software Inc 2.12
Charles River Laboratories International Inc 2.08
PRA Health Sciences Inc 2.05
Steel Dynamics Inc 1.95
Syneos Health Inc 1.80
EPAM Systems Inc 1.80
View full holdings
Portfolio Characteristics (As of 10/17/2019)
  FUND INDEX
Number of Holdings
Equity Issues
253 -
Market Capitalization
Weighted Average
$7.18B -
Portfolio Turnover Rate
(1-year trailing)
82.03% -
Price/Earnings Ratio
(1-year forward)
26.31 -
Price/Book Ratio
(1-year forward)
4.97 -
Earnings Growth Rate
(1-year forward)
-1.33% -

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 10/17/2019)
Information Technology 27.12 25.10
Health Care 21.11 22.51
Industrials 20.62 17.88
Consumer Discretionary 12.00 13.90
Financials 7.08 6.26
Materials 5.36 3.64
Consumer Staples 3.18 2.19
Real Estate 1.31 4.43
Energy 1.17 0.46
Communication Services 1.04 2.79
Cash & Equivalents 0.01 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 10/17/2019)
$50B to $100B 2.97
$10B to $50B 8.82 12.26
$5B to $10B 47.37 36.09
$1B to $5B 36.68 44.27
$500M to $1B 3.08 4.78
$250M to $500M 0.82 1.83
$100M to $250M 0.24 0.67
Under $100M 0.01 0.04
Cash & Equivalents 0.01

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