Please ensure Javascript is enabled for purposes of website accessibility Contrarian Fund - Janus Henderson Investors
For Individual Investors in the US

JACNX Contrarian Fund

Invests with conviction where we believe the market misunderstands business models, assets or growth potential

NAV
$28.20
As of 05/20/2024

1-Day Change
$0.10 (0.36%)
As of 05/20/2024

YTD Return
8.75%
As of 05/20/2024

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 06/30/2023

Overview

ABOUT THIS FUND

A U.S.-centric equity fund, investing opportunistically in what we believe are mispriced business models, unconstrained by sector and with flexibility across market cap. Through deep fundamental analysis, we seek to identify misunderstood and underappreciated companies where we can invest with conviction to create longterm capital appreciation.

WHY INVEST IN THIS FUND

Thinking Independently
Expressing differentiated views by applying autonomous thinking

Multiple Avenues for Capital Appreciation
Seeking to invest in companies where there is potential for both the free cash flow of the company and the stock multiple to grow over time

Actively Different
This concentrated portfolio seeks to outperform the benchmark over time by leveraging the best ideas of our global research team to identify stocks trading at a discount to their intrinsic value across style, sector and market cap

Various Approaches to Investing
Investing with conviction where we believe the market either misunderstands the business model, undervalues the company’s assets or underappreciates the company’s growth potential

PORTFOLIO MANAGEMENT

Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Performance

RETURNS (%) (As of 03/31/2024)
Contrarian Fund - D Shares S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/29/2000)
Contrarian Fund - D Shares 8.56 8.56 20.65 5.56 14.12 9.28 8.41
S&P 500® Index 10.56 10.56 29.88 11.49 15.04 12.96 7.77
RETURNS (%) (As of 04/30/2024)
Contrarian Fund - D Shares S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/29/2000)
Contrarian Fund - D Shares 2.55 2.51 14.38 1.25 11.44 8.83 8.12
S&P 500® Index 4.29 6.04 22.66 8.06 13.19 12.41 7.56
Calendar Year Returns (%)
Contrarian Fund - D Shares S&P 500® Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Contrarian Fund - D Shares 21.48 -21.54 20.99 27.86 43.19 -4.09 5.38 8.13 -13.10 17.46
S&P 500® Index 26.29 -18.11 28.71 18.40 31.49 -4.38 21.83 11.96 1.38 13.69

GROWTH OF A HYPOTHETICAL INVESTMENT

Contrarian Fund - D Shares S&P 500® Index Mid-Cap Blend

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

RISK / REWARD
VS. S&P 500 TR Index
3YR 5YR
Information Ratio -0.65 -0.16
Alpha -6.38 -2.09
Tracking Error 9.65 9.53
Beta 1.10 1.12
R-squared (%) 80.56 83.28
UP/DOWN MARKET CAPTURE (%)
VS. S&P 500 TR Index
3YR 5YR
Up Capture Ratio 94.50 106.74
Down Capture Ratio 116.17 111.06
STANDARD DEVIATION 3YR 5YR
Contrarian Fund 21.63 22.60
S&P 500 TR Index 17.65 18.48
SHARPE RATIO 3YR 5YR
Contrarian Fund -0.07 0.41
S&P 500 TR Index 0.28 0.59
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS D SHARES
Management Fees 0.60%
Other Expenses 0.16%
Total Gross Expenses 0.76%
Waivers 0.00%
Total Net Expenses 0.76%

Portfolio

Index represents the S&P 500® Index.

Top Holdings (As of 04/30/2024)
% of Fund
Teleflex Inc 5.40
Vertiv Holdings Co 4.61
Crown Holdings Inc 4.16
Caesars Entertainment Inc 4.15
Amazon.com Inc 3.88
Marvell Technology Inc 3.87
Freeport-McMoRan Inc 3.73
Sempra 3.71
PNC Financial Services Group Inc 3.63
Occidental Petroleum Corp 3.41
TOTAL 40.55
View full holdings
Portfolio Characteristics (As of 04/30/2024)
  FUND INDEX
Number of Holdings
Equity Issues
43 503
Market Capitalization
Weighted Average
$111.11B $746.54B
Portfolio Turnover Rate
(1-year trailing)
43.85% -
Price/Earnings Ratio
(1-year forward)
17.46 19.92
Price/Book Ratio
2.93 4.32
Earnings Growth Rate
(1-year forward)
15.72% 16.60%
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 April 30, 2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of April 30, 2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 04/30/2024

Documents