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

JSCVX Small Cap Value Fund

Defensive-minded specialists aiming to identify undervalued small-cap opportunities

NAV
$25.39
As of 09/13/2024

1-Day Change
$0.58 (2.34%)
As of 09/13/2024

YTD Return
7.63%
As of 09/13/2024

Morningstar Medalist Rating ™

Silver Morningstar Analyst Rating
As of 01/19/2024

Overview

ABOUT THIS FUND

As defensive value specialists, we look to invest in high quality companies with strong management teams, stable balance sheets, and durable competitive advantages that are trading at attractive valuations. We seek to achieve excess returns over full market cycles, with less risk than our benchmark and peers as measured by standard deviation, beta and down market capture.

WHY INVEST IN THIS FUND

Attractive Reward/Risk
Our disciplined valuation process measures downside risk before upside potential and invests in securities with favorable reward/risk ratios.

High-Conviction Process
The portfolio typically holds between 60 to 90 stocks with business fundamentals considered more important than fluctuations in the wider economy.

Different Than the Benchmark
The benchmark is not used as a starting point for portfolio construction, which should lead to high active share.

PORTFOLIO MANAGEMENT

Justin Tugman, CFA

Portfolio Manager

Industry since 2000. Joined Firm in 2004.

Craig Kempler, CFA

Portfolio Manager

Industry since 2001. Joined Firm in 2005.

Performance

RETURNS (%) (As of 08/31/2024)
Small Cap Value Fund - T Shares Russell 2000 Value TR Index
 
3M YTD 1YR 3YR 5YR 10YR
Small Cap Value Fund - T Shares -2.96 3.01 12.87 3.26 5.35 6.37
Russell 2000 Value TR Index -3.64 -0.85 10.90 -0.53 7.07 6.23
RETURNS (%) (As of 08/31/2024)
Small Cap Value Fund - T Shares Russell 2000 Value TR Index
 
3M YTD 1YR 3YR 5YR 10YR
Small Cap Value Fund - T Shares 4.56 9.83 17.65 5.44 7.33 7.19
Russell 2000 Value TR Index 8.23 9.15 19.25 3.05 10.37 7.46
Calendar Year Returns (%)
Russell 2000 Value TR Index Small Cap Value Fund - T Shares
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Russell 2000 Value TR Index 14.65 -14.48 28.27 4.63 22.39 -12.86 7.84 31.74 -7.47 4.22
Small Cap Value Fund - T Shares 13.16 -9.90 22.57 -6.83 26.03 -13.18 12.61 26.32 -2.66 7.30

MORNINGSTAR PERCENTILE

(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 34 42 96 55 46
Small Value | Rank/Count 143/486 169/465 428/445 232/402 151/344
(As Of 08/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 51 52 98 59 50
Small Value | Rank / Count 235/481 220/459 432/440 244/395 164/344

GROWTH OF A HYPOTHETICAL INVESTMENT

Russell 2000® Value Index Small Value

RETURNS-BASED STATISTICS (As of 07/31/2024 Class I Shares)

RISK / REWARD
VS. Russell 2000 Value TR USD
3YR 5YR
Information Ratio 0.51 -0.31
Alpha 2.29 -1.34
Tracking Error 4.62 6.64
Beta 0.88 0.84
R-squared (%) 96.42 94.32
UP/DOWN MARKET CAPTURE (%)
VS. Russell 2000 Value TR USD
3YR 5YR
Up Capture Ratio 90.65 79.27
Down Capture Ratio 88.54 90.25
STANDARD DEVIATION 3YR 5YR
Small Cap Value Fund 20.62 21.89
Russell 2000 Value TR USD 22.88 25.23
SHARPE RATIO 3YR 5YR
Small Cap Value Fund 0.17 0.22
Russell 2000 Value TR USD 0.05 0.28
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS T SHARES
Management Fees 0.53%
Other Expenses 0.29%
Total Gross Expenses 0.82%
Waivers 0.00%
Total Net Expenses 0.82%

Portfolio

Index represents the Russell 2000® Value Index.

Top Holdings (As of 08/31/2024)
% of Fund
Ameris Bancorp 2.70
Chord Energy Corp 2.55
Axis Capital Holdings Ltd 2.39
Fulton Financial Corp 2.34
STAG Industrial Inc 2.32
Eastern Bankshares Inc 2.22
Kirby Corp 2.17
Hanover Insurance Group Inc 2.10
Cushman & Wakefield PLC 1.98
Commercial Metals Co 1.97
TOTAL 22.74
View full holdings
Portfolio Characteristics (As of 08/31/2024)
  FUND INDEX
Number of Holdings
Equity Issues
82 1430
Market Capitalization
Weighted Average
$4.31B $2.59B
Portfolio Turnover Rate
(1-year trailing)
37.03% -
Price/Earnings Ratio
(1-year forward)
13.51 12.74
Price/Book Ratio
1.69 1.31
Earnings Growth Rate
(1-year forward)
18.01% 15.48%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 08/31/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 08/31/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 08/31/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 08/31/2024

Documents