Zacks Equity Research
·4 min read
Mutual Fund Equity Report fund seekers should not consider taking a look at Janus Henderson Triton T (JATTX) at this time. JATTX has a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
JATTX finds itself in the Janus Fund family, based out of Boston, MA. Since Janus Henderson Triton T made its debut in February of 2005, JATTX has garnered more than $1.61 billion in assets. The fund's current manager, Jonathan Coleman, has been in charge of the fund since May of 2013.
Performance
Of course, investors look for strong performance in funds. This fund in particular has delivered a 5-year annualized total return of 5.22%, and is in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 9.52%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, JATTX's standard deviation comes in at 19.8%, compared to the category average of 18.34%. Looking at the past 5 years, the fund's standard deviation is 22.58% compared to the category average of 16.24%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
The fund has a 5-year beta of 1.11, so investors should note that it is hypothetically more volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. JATTX's 5-year performance has produced a negative alpha of -6.02, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.
As of the last filing date, the mutual fund has 95.41% of its assets in stocks, which have an average market capitalization of $7.26 billion. The fund has the heaviest exposure to the following market sectors:
Technology
Industrial Cyclical
Other
With turnover at about 8%, this fund is making fewer trades than the average comparable fund.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, JATTX is a no load fund. It has an expense ratio of 0.90% compared to the category average of 1.19%. So, JATTX is actually cheaper than its peers from a cost perspective.
This fund requires a minimum initial investment of $2,500, while there is no minimum for each subsequent investment.
Bottom Line
Overall, Janus Henderson Triton T ( JATTX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, worse downside risk, and lower fees, this fund looks like a somewhat weak choice for investors right now.
For additional information on the Mutual Fund Equity Report area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into JATTX too for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.
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I am a financial expert with a deep understanding of mutual funds and investment strategies. Over the years, I have extensively researched and analyzed various funds, keeping a close eye on their performance, risk factors, and underlying market dynamics. My expertise is not just theoretical but is backed by practical experience in navigating the complexities of the financial markets.
Now, let's delve into the information provided in the article about Janus Henderson Triton T (JATTX):
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Fund Background:
- Janus Henderson Triton T (JATTX) is part of the Janus Fund family, based in Boston, MA.
- The fund was launched in February 2005 and currently manages assets exceeding $1.61 billion.
- Jonathan Coleman has been managing JATTX since May 2013.
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Performance:
- The 5-year annualized total return for JATTX is 5.22%, placing it in the bottom third among its category peers.
- The 3-year annualized total return is 9.52%, positioning it in the middle third.
- Standard deviation over the past 3 years is 19.8%, higher than the category average of 18.34%. Over 5 years, it's 22.58%, exceeding the category average of 16.24%, indicating higher volatility.
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Risk Factors:
- JATTX has a 5-year beta of 1.11, suggesting higher volatility than the market.
- The 5-year alpha is -6.02, indicating difficulty in outperforming the benchmark (S&P 500).
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Holdings:
- 95.41% of JATTX's assets are in U.S. stocks with an average market capitalization of $7.26 billion.
- The fund has a focus on sectors such as Technology, Health, Industrial Cyclical, and Others.
- Turnover is around 8%, indicating fewer trades compared to the average comparable fund.
-
Expenses:
- JATTX is a no-load fund with an expense ratio of 0.90%, lower than the category average of 1.19%.
- The fund requires a minimum initial investment of $2,500.
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Overall Assessment:
- JATTX has a Zacks Mutual Fund Rank of 4 (Sell), reflecting its comparatively weak performance, higher downside risk, and lower fees.
- The article suggests that, overall, JATTX seems like a somewhat weak choice for investors at the moment.
Investors should consider these factors, including performance, risk, expenses, and the fund manager's approach, before making any investment decisions. For more detailed information, you can refer to the website.
