JSMD
Janus Henderson Small/Mid Cap Growth Alpha ETF
The Janus Small/Mid Cap Growth Alpha ETF tracks an index of US small- and midcap stocks with strong fundamental measures of growth, profitability and capital efficiency. Holdings are market cap-weighted within sectors; sectors are weighted to align with the actively-managed Janus Triton Fund.
Fund Basics
Fund sponsor | Janus |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Feb 23, 2016 |
Assets (mns) | $342 |
Expense ratio | 30 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Fundamental |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
MEDPACE HOLDINGS, INC. | 3.9 % |
CHARLES RIVER LABORATORIES | 3.5 % |
REPLIGEN CORP | 3.2 % |
SHOCKWAVE MEDICAL, INC. | 3.2 % |
WESTLAKE CHEMICAL CORP | 2.6 % |
NANOMETRICS INC | 2.4 % |
ENSIGN GROUP INC/THE | 2.3 % |
ROLLINS INC | 2.1 % |
AMKOR TECHNOLOGY INC | 2.1 % |
FABRINET | 2.0 % |
Constituent Breakdown
Number of holdings | 255 |
Herfindahl-Hirschman Index | 130 |
Wgt avg mkt cap (mns) | $7,851 |
Large cap (>$10bn) | 34.0% |
Mid cap ($2-10bn) | 52.5% |
Small cap (<$2bn) | 13.3% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.0 % | |
CAYMAN ISLANDS | 2.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
6.5% | 25.2% | 7.7% | 1.8% | 10.8% | -- | 12.4% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.08 | 83% |
MSCI EAFE | 1.05 | 71% |
MSCI Emg Mkts | 0.76 | 41% |
Liquidity Measures
Avg. volume (000) | 17 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.28% |
ADV of underlying (mns) | $10,990 |
Technical Indicators
Recent close | $66.83 |
30d moving avg. | $59.59 |
Annualized volatility | 21.2% |
Relative strength (RSI) | 72 |
Short interest (ETF) | 0.7% |
Short interest (underlying) | 5.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. JSMD |
Expenses vs. JSMD |
ALTAR Score™ vs. JSMD |
---|---|---|---|---|
JSML | Janus Henderson Small Cap Growth Alpha ETF | 30.1% | 0 bp | +1.6% |
GRPM | Invesco S&P MidCap 400 GARP ETF | 23.6% | +5 bp | +2.3% |
PSC | Principal U.S. Small-Cap ETF | 20.7% | +8 bp | -1.1% |
FLQS | Franklin U.S. Small Cap Multifactor Index ETF | 19.2% | +5 bp | -0.2% |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 19.0% | -13 bp | -1.8% |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 19.0% | -15 bp | -1.8% |
RFG | Invesco S&P Midcap 400 Pure Growth ETF | 18.6% | +5 bp | -1.9% |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 18.4% | -15 bp | -1.2% |
PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 17.7% | +30 bp | -2.0% |
FSMD | Fidelity Small-Mid Multifactor ETF | 17.2% | -15 bp | +0.0% |
Risk and Returns: JSMD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JSMD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JSMD
7.6%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.6% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. JSMD's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places JSMD in the 75th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JSMD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
JSMD | 30.0 | 28.1 | 58.1 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .