Janus Henderson Small-Mid Cap Value Fund

Frequently Asked Questions About JVSAX

What does JVSAX invest in?

This fund aims to achieve its investment goals by allocating a minimum of 80% of its net assets (including any borrowed capital for investment) to common stocks of small and mid-sized companies. These are defined as companies whose market capitalization is less than the 12-month average of the maximum market capitalization of firms listed in the Russell 2500 Value Index. Furthermore, if market conditions are deemed unfavorable by the portfolio managers, or if they are unable to identify compelling investment prospects, the fund may hold a larger proportion of its assets in cash or similar liquid investments.

What is the expense ratio of JVSAX?

Janus Henderson Small-Mid Cap Value Fund (JVSAX) charges an expense ratio of 1.29%. This is the annual fee deducted from fund assets to cover management and operations.

How big is JVSAX?

Janus Henderson Small-Mid Cap Value Fund (JVSAX) manages $72.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is JVSAX actively managed or an index fund?

JVSAX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (JVSAX's is 1.29%) because there's no security selection cost.

When was JVSAX launched?

Janus Henderson Small-Mid Cap Value Fund (JVSAX) launched in December 2011 and is managed by Janus Henderson.

How has JVSAX performed?

JVSAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.