JANIX Triton Fund

Our in-depth fundamental research strategy seeks differentiated small-cap companies with the potential to quickly grow into mid-size companies

NAV
$31.98
As of 12/05/2019

1-Day Change
-$0.06 (-0.19%)
As of 12/05/2019

YTD Return
-
As of 12/05/2019

Morningstar Rating

As of 10/31/2019

Morningstar Analyst Rating
Morningstar Analyst Rating				 Bronze
As of 10/31/2019

Closed to new investors.

Overview

ABOUT THIS FUND

A moderately positioned, small-mid-cap growth fund seeking to provide consistent relative returns with lower volatility than the index. The Fund invests in small-cap companies with differentiated business models and sustainable competitive advantages that are positioned to grow market share regardless of economic conditions.

WHY INVEST IN THIS FUND

Unique Business Models
Seeks small-cap companies that stand out from competitors – through differentiated business models, innovative approaches 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 team of analysts, a team of small mid-cap specialists and a portfolio management team with experience looking for small-cap companies early in their life cycle that have the potential to grow into mid-size companies.

Moderate Approach to Growth
The Fund offers the potential for capital appreciation through exposure to small companies having the potential to quickly grow into mid-size companies with a focus on resilient business models positioned to weather a variety of market environments.

Knowledge. Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions.

We call this ethos Knowledge. Shared.

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.

Performance

RETURNS (%) (As of 09/30/2019)
Triton Fund - Class D Shares Russell 2500™ Growth Index Russell 2000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Triton Fund - Class D Shares -3.12% 21.51% -2.41% 13.91% 12.55% 15.19% 12.65%
Russell 2500™ Growth Index -3.18% 19.97% -4.11% 12.33% 10.22% 13.48% 9.47%
Russell 2000® Growth Index -4.17% 15.34% -9.63% 9.79% 9.08% 12.25% 8.45%
RETURNS (%) (As of 11/30/2019)
Triton Fund - Class D Shares Russell 2500™ Growth Index Russell 2000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Triton Fund - Class D Shares 5.00% 27.66% 13.67% 15.45% 11.94% 15.70% 12.87%
Russell 2500™ Growth Index 7.49% 31.43% 17.17% 15.16% 10.92% 14.76% 10.03%
Russell 2000® Growth Index 8.01% 25.61% 10.93% 12.15% 9.48% 13.68% 8.98%
CALENDAR YEAR RETURNS (%)
Triton Fund - Class D Shares Russell 2500™ Growth Index
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Triton Fund - Class D Shares 49.99 31.48 2.72 16.58 36.48 9.51 1.31 10.53 27.01 -5.16
Russell 2500™ Growth Index 41.66 28.86 -1.57 16.13 40.65 7.05 -0.19 9.73 24.46 -7.47
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 10/31/2019 Class I Shares)

RISK / REWARD
VS. Russell 2500™ Growth Index
3YR 5YR
Information Ratio 0.12 0.52
Alpha 1.49 2.02
Tracking Error 3.23 2.90
Beta 0.92 0.93
R-squared (%) 96.19 96.75
UP/DOWN MARKET CAPTURE (%)
VS. Russell 2500™ Growth Index
3YR 5YR
Up Capture Ratio 94.31 98.27
Down Capture Ratio 88.13 89.73
STANDARD DEVIATION 3YR 5YR
Triton Fund 15.10 14.74
Russell 2500™ Growth Index 16.14 15.65
SHARPE RATIO 3YR 5YR
Triton Fund 0.94 0.70
Russell 2500™ Growth Index 0.85 0.56
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2018)
CLASS D SHARES
Management Fees 0.64%
12b-1 Fees -
Other Expenses 0.16%
Total Gross Expenses 0.80%
Waivers 0.00%
Total Net Expenses 0.80%

Portfolio

Index represents the Russell 2500™ Growth Index.

(As of 10/31/2019)
% of Fund
Catalent Inc 2.48
Crown Holdings Inc 2.35
Broadridge Financial Solutions Inc 2.27
LPL Financial Holdings Inc 2.11
Euronet Worldwide Inc 2.10
Blackbaud Inc 2.04
SS&C Technologies Holdings Inc 1.94
Carlisle Cos Inc 1.80
ON Semiconductor Corp 1.74
Teledyne Technologies Inc 1.73
Total 20.56
View full holdings
Portfolio Characteristics (As of 10/31/2019)
  FUND INDEX
Number of Holdings
Equity Issues
119 1393
Market Capitalization
Weighted Average
$6.26B $5.56B
Portfolio Turnover Rate
(1-year trailing)
24.88% -
Price/Earnings Ratio
(1-year forward)
25.52 29.46
Price/Book Ratio
(1-year forward)
5.11 6.58
Earnings Growth Rate
(1-year forward)
4.98% 11.34%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 10/31/2019)
Information Technology 28.41 25.10
Industrials 20.34 18.14
Health Care 19.62 22.29
Consumer Discretionary 9.90 13.67
Financials 6.07 6.36
Materials 5.64 3.72
Consumer Staples 3.12 2.20
Communication Services 1.53 2.75
Real Estate 1.44 4.47
Energy 0.53 0.45
Cash & Equivalents 3.40 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of October 31, 2019)
North America 95.27 99.52
Asia/Pacific Ex Japan 0.48 0.35
Europe 0.46 0.11
Africa/Mideast 0.39 0.02
Cash & Equivalents 3.40 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of October 31, 2019)
$10B to $50B 14.55 12.79
$5B to $10B 39.63 35.24
$1B to $5B 41.13 44.81
$500M to $1B 1.08 4.69
$250M to $500M 0.21 1.70
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of October 31, 2019)
U.S. 94.62 99.45
Non-U.S. Developed 1.50 0.16
Non-U.S. Emerging 0.48 0.39
Cash & Equivalents 3.40 -

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