Please ensure Javascript is enabled for purposes of website accessibility US Research Core Equity Managed Account - Janus Henderson Investors - US Advisor
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For Financial Professionals in the US

US Research Core Equity Managed Account

We seek to generate consistent, risk-adjusted returns through stock-specific insights

Overview

About this Portfolio

A fundamental, large cap equity portfolio, driven by world-class sector research teams. Our portfolio construction process is designed to turn investment insights into alpha while minimizing unintended risks, with the aim of delivering consistent excess returns for investors.

Why Invest

Analyst driven
Working within world-class sector teams, domain experts build sector portfolios stock by stock

Sector neutral
Strategy managed to benchmark sector weightings to prioritize fundamental research insights

Engineered for alpha
Portfolio constructed to emphasize stock selection and minimize unintended systemic risks

Portfolio Management

Joshua Cummings, CFA: Portfolio Manager | Research Analyst
Joshua Cummings, CFA

Portfolio Manager | Research Analyst

Industry since 1996. Joined Firm in 2016.

John Jordan: Portfolio Manager | Research Analyst
John Jordan

Portfolio Manager | Research Analyst

Industry since 1997. Joined Firm in 2008.

Performance

RETURNS (%) (As of 12/31/2025)
Composite Pure Gross Composite Net Russell 1000 Index TR
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(07/31/2025)
Composite Pure Gross 1.07 15.04 15.04 26.56 15.23 15.21 12.22
Composite Net 0.33 11.71 11.71 22.94 11.90 11.88 8.97
Russell 1000 Index TR 2.41 17.37 17.37 22.73 13.59 14.59 11.06

Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. All returns reflect the reinvestment of dividends and other earnings.

Net returns are calculated by subtracting the highest applicable Managed Account fee (3.00% annually, or 0.25% monthly) from the pure gross or gross composite return. The Managed Account fee includes all charges for trading costs, portfolio management, custody and other administrative fees. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. The fees are available on request and may be found in Form ADV Part 2A.

RETURNS (%) (As of 02/28/2026)
Composite Pure Gross Composite Net Russell 1000 Index TR
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(07/31/2025)
Composite Pure Gross -1.57 -1.21 11.89 24.10 14.65 16.22 12.06
Composite Net -2.30 -1.70 8.66 20.54 11.33 12.86 8.82
Russell 1000 Index TR 0.84 0.83 16.73 21.41 13.32 15.33 11.02

Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. All returns reflect the reinvestment of dividends and other earnings.

Net returns are calculated by subtracting the highest applicable Managed Account fee (3.00% annually, or 0.25% monthly) from the pure gross or gross composite return. The Managed Account fee includes all charges for trading costs, portfolio management, custody and other administrative fees. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. The fees are available on request and may be found in Form ADV Part 2A.

Calendar Year Returns (%)
Composite Pure Gross Composite Net Russell 1000 Index TR
2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Composite Pure Gross 15.04 32.17 33.35 -19.51 24.48 24.53 30.07 -2.83 23.35 4.50
Composite Net 11.71 28.40 29.54 -21.91 20.91 20.95 26.35 -5.68 19.81 1.46
Russell 1000 Index TR 17.37 24.51 26.53 -19.13 26.45 20.96 31.43 -4.78 21.69 12.05

Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. All returns reflect the reinvestment of dividends and other earnings.

Net returns are calculated by subtracting the highest applicable Managed Account fee (3.00% annually, or 0.25% monthly) from the pure gross or gross composite return. The Managed Account fee includes all charges for trading costs, portfolio management, custody and other administrative fees. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. The fees are available on request and may be found in Form ADV Part 2A.

Returns-Based Statistics (As of 02/28/2026)

RISK / REWARD
VS. Russell 1000 Index TR		 3YR 5YR
Information Ratio 0.78 0.48
Alpha 2.17 1.08
Tracking Error 2.83 2.43
Beta 1.01 1.02
R-squared (%) 94.49 97.56
UP/DOWN MARKET CAPTURE (%)
Russell 1000 Index TR		 3YR 5YR
Up Capture Ratio 104.76 102.34
Down Capture Ratio 88.61 96.91
STANDARD DEVIATION 3YR 5YR
US Research Core Equity Managed Account 12.23 15.71
Russell 1000 Index TR 11.80 15.26
SHARPE RATIO 3YR 5YR
US Research Core Equity Managed Account 1.49 0.69
Russell 1000 Index TR 1.33 0.63

Portfolio

Index represents the Russell 1000® Index

Top Holdings (As of 02/28/2026)
% of Fund
NVIDIA Corp 8.03
Alphabet Inc 5.83
Microsoft Corp 5.42
Amazon.com Inc 3.73
Broadcom Inc 3.47
Apple Inc 3.39
Meta Platforms Inc 3.20
JPMorgan Chase & Co 2.66
Procter & Gamble Co 2.47
Eli Lilly & Co 2.07
TOTAL 40.27
View full holdings
Portfolio Characteristics (As of )
  REP ACCOUNT INDEX
Number of Holdings
Equity Issues		 -
Market Capitalization
Weighted Average		 - -
Portfolio Turnover Rate
(1-year trailing)		 - -
Price/Earnings Ratio
(1-year forward)		 - -
Price/Book Ratio
 - -
Earnings Growth Rate
(1-year forward)		 - -
Sector Allocation % of Fund % of Fund As of 02/28/2026
Market Capitalization Range of Equity Holdings % of Fund % of Fund As of 02/28/2026
Country/Geographic Exposures % of Fund % of Fund As of 02/28/2026
Regional Allocation % of Fund % of Fund As of 02/28/2026

Documents

Related Insights

Differentiated insights are central to our investment approach.

Global Perspectives: Opportunities in energy and financials amid shifting sector leadership
Feb 11, 2026
Timely & Topical

Global Perspectives: Opportunities in energy and financials amid shifting sector leadership

How interest rates, AI trends, and evolving policy dynamics are influencing the outlook for the energy and financial sectors.

Read More

Global Research: All in play as the corporate sector enters the AI era
Jan 8, 2026
Features & Outlooks

Global Research: All in play as the corporate sector enters the AI era

The Global Research Team argues that the next few years should prove AI is more than a tech story as companies across sectors seek to leverage its potential for efficiency gains.

Read More

Research Team Q&A: Finding opportunity in uncertainty
Oct 1, 2025
Timely & Topical

Research Team Q&A: Finding opportunity in uncertainty

Perspectives on volatility, tariffs, AI, and U.S. consumer strength.

Read More

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