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

JVTIX Venture Fund

Our in-depth fundamental research seeks resilient small-cap companies using their competitive advantages to grow over a multi-year time frame

NAV
$83.72
As of 05/28/2024

1-Day Change
-$0.27 (-0.32%)
As of 05/28/2024

YTD Return
6.24%
As of 05/28/2024

Morningstar Rating

As of 04/30/2024

Morningstar Medalist Rating ™

Silver Morningstar Analyst Rating
As of 01/12/2024

Overview

ABOUT THIS FUND

A moderately positioned U.S. small-cap growth fund seeking to provide consistent relative returns with lower volatility than the index. Invests in small-cap companies with differentiated business models and sustainable competitive advantages that we believe are positioned to grow market share regardless of economic conditions.

WHY INVEST IN THIS FUND

Unique Business Models
Seeks small-cap companies that are differentiated from competitors – differentiated business model, innovative approach or unique products or services – that are using their competitive advantages to grow over a multi-year time frame.

Deep, Specialized Team
In-depth fundamental research supported by a broad team of analysts and a team of small-mid cap specialists, and a portfolio management team with experience identifying small-cap companies early in their life cycle.

Moderate Approach to Growth
Offers potential for capital appreciation through exposure to small and fast growing companies with a focus on resilient business models positioned to weather a variety of market environments.

PORTFOLIO MANAGEMENT

Jonathan Coleman, CFA

Portfolio Manager

Industry since 1994. Joined Firm in 1994.

Scott Stutzman, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2007.

Aaron Schaechterle

Portfolio Manager | Research Analyst

Industry since 2006. Joined Firm in 2022.

Performance

RETURNS (%) (As of 03/31/2024)
Venture Fund - I Shares Russell 2000® Growth Index Russell 2000® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(04/30/1985)
Venture Fund - I Shares 7.06 7.06 15.30 -0.04 7.72 9.40 11.67
Russell 2000® Growth Index 7.58 7.58 20.35 -2.68 7.38 7.89 8.17
Russell 2000® Index 5.18 5.18 19.71 -0.10 8.10 7.58 9.43
RETURNS (%) (As of 04/30/2024)
Venture Fund - I Shares Russell 2000® Growth Index Russell 2000® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(04/30/1985)
Venture Fund - I Shares 2.38 1.15 11.01 -3.01 5.86 9.14 11.48
Russell 2000® Growth Index 2.59 -0.70 12.39 -5.92 5.04 7.60 7.93
Russell 2000® Index 1.73 -2.22 13.32 -3.18 5.83 7.22 9.21
Calendar Year Returns (%)
Venture Fund - I Shares Russell 2000® Growth Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Venture Fund - I Shares 16.17 -24.13 7.69 31.70 30.87 -6.55 24.35 7.23 -0.72 10.40
Russell 2000® Growth Index 18.66 -26.36 2.83 34.63 28.48 -9.31 22.17 11.32 -1.38 5.60

MORNINGSTAR PERCENTILE

(As Of 03/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 68 38 67 34 2
Small Growth | Rank/Count 385/579 185/563 339/546 173/518 2/48
(As Of 04/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 55 34 59 36 2
Small Growth | Rank / Count 301/582 166/566 291/549 178/518 2/48

GROWTH OF A HYPOTHETICAL INVESTMENT

Venture Fund - I Shares Russell 2000® Growth Index Small Growth

RETURNS-BASED STATISTICS (As of 04/30/2024 Class I Shares)

RISK / REWARD
VS. Russell 2000 Growth TR Index
3YR 5YR
Information Ratio 0.52 0.14
Alpha 1.88 0.91
Tracking Error 5.98 5.45
Beta 0.89 0.91
R-squared (%) 93.69 95.33
UP/DOWN MARKET CAPTURE (%)
VS. Russell 2000 Growth TR Index
3YR 5YR
Up Capture Ratio 87.18 87.06
Down Capture Ratio 87.37 89.75
STANDARD DEVIATION 3YR 5YR
Venture Fund 20.88 22.62
Russell 2000 Growth TR Index 22.80 24.36
SHARPE RATIO 3YR 5YR
Venture Fund -0.27 0.16
Russell 2000 Growth TR Index -0.38 0.12
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS I SHARES
Management Fees 0.64%
Other Expenses 0.12%
Total Gross Expenses 0.76%
Waivers 0.00%
Total Net Expenses 0.76%

Portfolio

Index represents the Russell 2000® Growth Index.

Top Holdings (As of 04/30/2024)
% of Fund
Stride Inc 2.08
Nice Ltd (ADR) 2.08
SS&C Technologies Holdings Inc 1.98
Descartes Systems Group Inc 1.90
Core & Main Inc 1.80
Blackbaud Inc 1.74
Broadridge Financial Solutions Inc 1.65
LPL Financial Holdings Inc 1.61
Rentokil Initial PLC (ADR) 1.58
CSW Industrials Inc 1.57
TOTAL 17.99
View full holdings
Portfolio Characteristics (As of 04/30/2024)
  FUND INDEX
Number of Holdings
Equity Issues
138 1063
Market Capitalization
Weighted Average
$6.23B $5.06B
Portfolio Turnover Rate
(1-year trailing)
21.03% -
Price/Earnings Ratio
(1-year forward)
17.19 18.50
Price/Book Ratio
3.27 3.77
Earnings Growth Rate
(1-year forward)
16.90% 22.25%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 04/30/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 04/30/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 04/30/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 04/30/2024

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