JSML Small 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
$42.21
As of 10/18/2019

1 Day Change
-$0.29 (-0.68%)
As of 10/18/2019

YTD Return
18.21%
As of 10/18/2019

30 Day SEC Yield
0.29%
As of 09/30/2019

Overview

ETF OBJECTIVE

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

ABOUT THIS ETF

A small-cap growth ETF leveraging a rigorous fundamental-based process for selecting stocks based upon Janus Henderson’s more than 45 year history in bottom-up equity research. The ETF seeks to invest in resilient growth companies with proven operational excellence to provide investors with the opportunity to experience the long-term growth potential of the small-cap asset class through a variety of market environments.

WHY INVEST IN THIS ETF

Smart Growth® Process

A proprietary methodology that evaluates small-cap stocks from a universe of 2,000, 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 Cap Growth Alpha Index Russell 2000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/23/2016)
NAV -4.18% 17.09% -7.30% 12.89% - - 16.17%
Market Price -4.43% 17.27% -7.35% 12.84% - - 16.15%
Janus Henderson Small Cap Growth Alpha Index -4.00% 17.65% -6.70% 13.19% 11.22% 14.55% 16.54%
Russell 2000® Growth Index -4.17% 15.34% -9.63% 9.79% 9.08% 12.25% 14.77%
RETURNS (%) (As of 09/30/2019)
NAV Market Price Janus Henderson Small Cap Growth Alpha Index Russell 2000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/23/2016)
NAV -4.18% 17.09% -7.30% 12.89% - - 16.17%
Market Price -4.43% 17.27% -7.35% 12.84% - - 16.15%
Janus Henderson Small Cap Growth Alpha Index -4.00% 17.65% -6.70% 13.19% 11.22% 14.55% 16.54%
Russell 2000® Growth Index -4.17% 15.34% -9.63% 9.79% 9.08% 12.25% 14.77%

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

Risk / Reward
vs. Russell 2000® Growth Index
3YR 5YR
Information Ratio 0.59 -
Alpha 2.97 -
Tracking Error 5.21 -
Beta 1.00 -
R-squared (%) 91.80 -
Up And Down Market Capture (%)
vs. Russell 2000® Growth Index
3YR 5YR
Up Capture Ratio 105.99 -
Down Capture Ratio 92.84 -
Standard Deviation 3YR 5YR
JSML – Small Cap Growth Alpha ETF 18.21 -
Russell 2000® Growth Index 17.47 16.91
Sharpe Ratio 3YR 5YR
JSML – Small Cap Growth Alpha ETF 0.62 -
Russell 2000® Growth Index 0.47 0.48

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 30 1 33 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 46.88% 1.56% 51.56% 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 31 3 29 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 49.21% 4.76% 46.03% 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 29 3 29 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 47.54% 4.92% 47.54% 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 38 5 16 1 0 0
Percent of Total Days 0.00% 0.00% 1.59% 60.32% 7.94% 25.40% 1.59% 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 5 13 45 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 7.94% 20.63% 71.43% 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 34 9 16 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 53.13% 14.06% 25.00% 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 48 2 10 0 0 0
Percent of Total Days 0.00% 0.00% 1.64% 78.69% 3.28% 16.39% 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 8 27 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 28.57% 12.70% 42.86% 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 14 11 36 0 0 0
Percent of Total Days 0.00% 0.00% 1.59% 22.22% 17.46% 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 0 23 2 32 1 2 3
Percent of Total Days 0.00% 0.00% 0.00% 36.51% 3.17% 50.79% 1.59% 3.17% 4.76%
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 9 14 39 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 14.52% 22.58% 62.90% 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 28 31 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 6.35% 44.44% 49.21% 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 2 29 33 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 3.13% 45.31% 51.56% 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 5 24 32 0 0 3
Percent of Total Days 0.00% 0.00% 0.00% 7.81% 37.50% 50.00% 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 2 15 8 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 8.00% 60.00% 32.00% 0.00% 0.00% 0.00%
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Total Distribution
09/30/201910/01/201910/04/2019$0.023882$0.000000$0.000000$0.023882
06/28/2019 07/01/201907/05/2019$0.041227$0.000000$0.000000$0.041227
03/29/201904/01/201904/04/2019$0.022062$0.000000$0.000000$0.022062
12/20/201812/21/201812/27/2018$0.109873$0.000000$0.000000$0.109873
09/28/201810/01/2018 10/04/2018$0.020142$0.000000$0.000000$0.020142
06/29/201807/02/201807/06/2018$0.068661$0.000000$0.000000$0.068661
03/29/201804/02/201804/05/2018$0.071035$0.000000$0.000000$0.071035
12/22/201712/26/201712/29/2017$0.073494$0.000000$0.000000$0.073494
09/29/201710/02/201710/05/2017$0.045562$0.000000$0.000000$0.045562
06/30/201707/05/201707/07/2017$0.006761$0.000000$0.000000$0.006761
03/31/201704/04/201704/06/2017$0.026757$0.000000$0.000000$0.026757
12/23/2016 12/28/2016 12/30/2016$0.138694$0.000000$0.000000$0.138694
09/30/201610/04/201610/06/2016$0.000000$0.000000$0.000000$0.000000
06/30/2016 07/05/201607/07/2016$0.015242$0.000000$0.000000$0.015242
3/31/201604/04/201604/06/2016$0.006184$0.000000$0.000000$0.006184

Portfolio

Index represents the Russell 2000® Growth Index.

(As of 10/17/2019)
% of Fund
Rogers Corp 3.40
Ubiquiti Inc 3.35
Qualys Inc 2.87
Paylocity Holding Corp 2.67
Westlake Chemical Corp 2.58
Insight Enterprises Inc 2.54
II-VI Inc 2.53
Avalara Inc 2.38
SPS Commerce Inc 2.08
Cantel Medical Corp 2.04
View full holdings
Portfolio Characteristics (As of 10/17/2019)
  FUND INDEX
Number of Holdings
Equity Issues
212 -
Market Capitalization
Weighted Average
$2.80B -
Portfolio Turnover Rate
(1-year trailing)
99.73% -
Price/Earnings Ratio
(1-year forward)
22.63 -
Price/Book Ratio
(1-year forward)
4.00 -
Earnings Growth Rate
(1-year forward)
-0.03% -

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 10/17/2019)
Information Technology 33.23 18.00
Health Care 20.07 27.85
Industrials 18.13 19.66
Consumer Discretionary 9.94 12.32
Financials 8.11 5.93
Materials 4.78 3.17
Real Estate 1.80 4.88
Consumer Staples 1.62 3.41
Energy 1.52 0.64
Communication Services 0.76 2.43
Cash & Equivalents 0.04 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 10/17/2019)
$10B to $50B 0.59 0.13
$5B to $10B 12.13 5.13
$1B to $5B 74.27 79.78
$500M to $1B 10.03 9.72
$250M to $500M 1.95 3.73
$100M to $250M 0.91 1.36
Under $100M 0.08 0.09
Cash & Equivalents 0.04

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