Janus Henderson Enterprise will reopen to all new investors by Dec. 21, 2020. The strategy closed to most new investors in 2017 and to all new investors in June 2019 when assets were approaching $30 billion. Assets shrank to $21 billion after 2020’s first-quarter bear market, and it reopened to employer-sponsored retirement plans in April. Flows since then remain negative, but now open more broadly. The strategy's size is worth watching as rapid growth could inhibit the team from taking meaningful positions in some smaller-cap stocks. It maintains its Morningstar Analyst Rating of Silver on cheaper share classes and Bronze on more expensive ones.
Janus Henderson Enterprise D JANEX
NAV / 1-Day Return
170.46
/
1.23
%
Total Assets
23.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.800%
Expense Ratio
0.800%
Fee Level
Below Average
Longest Manager Tenure
13.52
years
Category
Mid-Cap Growth
Investment Style
Mid BlendMin. Initial Investment
2,500
Status
Open
TTM Yield
0.25%
Turnover
14%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will JANEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JANEX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the JANEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of JANEX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Janus Henderson Enterprise Is Reopening to All New Investors
