Please ensure Javascript is enabled for purposes of website accessibility Venture Fund - Janus Henderson Investors
For Institutional Investors 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
$80.60
As of 02/20/2024

1-Day Change
-$0.76 (-0.93%)
As of 02/20/2024

YTD Return
2.28%
As of 02/20/2024

Morningstar Rating

As of 01/31/2024

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 12/31/2023)
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 12.22 16.17 16.17 -1.73 10.34 8.37 11.55
Russell 2000® Growth Index 12.75 18.66 18.66 -3.50 9.22 7.16 8.02
Russell 2000® Index 14.03 16.93 16.93 2.22 9.97 7.16 9.36
RETURNS (%) (As of 01/31/2024)
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 21.60 -1.19 3.95 -2.31 7.79 8.68 11.49
Russell 2000® Growth Index 18.25 -3.21 4.46 -6.03 6.17 7.00 7.91
Russell 2000® Index 17.62 -3.89 2.40 -0.76 6.80 7.03 9.22
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 12/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 59 49 57 43 9
Small Growth | Rank/Count 313/596 247/579 288/560 211/534 5/48
(As Of 01/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 54 43 52 37 7
Small Growth | Rank / Count 298/594 211/577 252/561 177/534 4/48

RETURNS-BASED STATISTICS (As of 12/31/2023 Class I Shares)

RISK / REWARD
VS. Russell 2000 Growth TR Index
3YR 5YR
Information Ratio 0.30 0.19
Alpha 1.11 1.47
Tracking Error 6.12 5.27
Beta 0.89 0.92
R-squared (%) 92.67 95.55
UP/DOWN MARKET CAPTURE (%)
VS. Russell 2000 Growth TR Index
3YR 5YR
Up Capture Ratio 86.82 90.09
Down Capture Ratio 88.89 90.17
STANDARD DEVIATION 3YR 5YR
Venture Fund 20.53 23.02
Russell 2000 Growth TR Index 22.10 24.41
SHARPE RATIO 3YR 5YR
Venture Fund -0.19 0.36
Russell 2000 Growth TR Index -0.26 0.30
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 01/31/2024)
% of Fund
Nice Ltd (ADR) 1.96
SS&C Technologies Holdings Inc 1.94
Descartes Systems Group Inc 1.91
Stride Inc 1.86
Blackbaud Inc 1.81
Broadridge Financial Solutions Inc 1.80
Core & Main Inc 1.75
Catalent Inc 1.74
ATS Corp 1.67
Rentokil Initial PLC (ADR) 1.61
Total 18.05
View full holdings
Portfolio Characteristics (As of 01/31/2024)
  FUND INDEX
Number of Holdings
Equity Issues
133 1069
Market Capitalization
Weighted Average
$6.03B $3.69B
Portfolio Turnover Rate
(1-year trailing)
20.12% -
Price/Earnings Ratio
(1-year forward)
17.30 18.13
Price/Book Ratio
3.19 3.85
Earnings Growth Rate
(1-year forward)
18.16% 23.04%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 01/31/2024)
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of January 31, 2024)
Market Capitalization Range of Equity Holdings % OF FUND % of Index % OF FUND % of Index (As of 01/31/2024)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of January 31, 2024)

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