JSMD – Small/Mid Cap Growth Alpha ETF

A Smart Growth® Philosophy Rooted in 45+ Years of Fundamental Research
NAV As of 12/07/18 $39.22

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Fund Facts

Pricing Data (As of Market Close 12/07/18) Yields and Expenses Fund Details
$39.33 Closing Market Price
$39.34 Bid/Ask Midpoint
$40.36 Day High
$39.24 Day Low
8,279 Trading Volume (Shares)
0.31% Premium/Discount
1.20M Shares Outstanding
0.31% Distribution Yield at NAV
(As of 09/30/18)
30 Day SEC Yield (As of 11/30/18) 0.26%
Quarterly Distribution Frequency
$47.14M Total Net Assets (As of 12/07/18)
GROSS 0.35%
NET 0.35%
Annual Expense Ratio
(As of fiscal year end 10/31/18)
Performance (As of 12/07/18)
$39.22 NAV
(As of 12/07/18)
-2.80% NAV 1 Day Return
1.61% NAV Year to Date
02/23/16 Inception Date
47103U209 CUSIP
Category
Morningstar (As of 11/30/2018)
Mid-Cap Growth
JSMDIV Intraday Value (IOPV)
NASDAQ Exchange
JSMDID Index Ticker
Primary Benchmark Janus Small Mid Cap Growth Alpha Index
Index Provider Janus Index & Calculation Services LLC
Creation Unit size is 50,000 shares.

Overview

ETF Objective

Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Small/Mid Cap Growth Alpha Index.

Client Commitment

A small-mid-cap growth ETF that systematically identifies Smart Growth® companies utilizing a process based on Janus Henderson’s 45+ years of fundamental research. The strategy seeks to provide risk-adjusted outperformance by identifying top-tier small and mid-cap companies with some of the strongest fundamentals that we believe can deliver sustainable growth in a variety of market environments.

Why Invest in the Fund

  1. Systematic Smart Growth® Process

  2. Disciplined process evaluates key fundamental factors such as growth, profitability, and capital efficiency that we believe more accurately identify companies poised for long-run sustainable growth – or Smart Growth®.
  3. Time-Tested Architecture

  4. Proprietary investment methodology built upon Janus Henderson’s 45+ year foundation of bottom-up fundamental equity research and a legacy of small and mid-cap growth investing.
  5. Seeks Risk-Adjusted Outperformance

  6. The strategy seeks risk-adjusted outperformance relative to the asset class by investing in resilient growth companies that have proven operational excellence and represent the top 10% of the eligible universe.

Enhanced Beta ETF

Innovative strategies that package investing insights — whether that’s a distinctive process or a time-tested philosophy — with the features of an ETF.

Performance

RETURNS

(As of 09/30/2018)
(As of 11/30/2018)
Inception: Feb 23, 2016 3M YTD 1YR 3YR 5YR 10YR Since Inception
NAV 8.74% 19.31% 29.54% - - - 27.39%
Market Price 8.69% 19.37% 29.48% - - - 27.38%
Janus Small Mid Cap Growth Alpha Index 8.89% 19.68% 30.02% 20.75% 14.84% 16.30% 27.94%
Russell 2500™ Growth Index 7.17% 15.78% 23.13% 17.96% 12.88% 13.61% 24.94%
Inception: Feb 23, 2016 3M YTD 1YR 3YR 5YR 10YR Since Inception
NAV -10.82% 8.66% 9.88% - - - 21.37%
Market Price -10.67% 8.98% 10.17% - - - 21.47%
Janus Small Mid Cap Growth Alpha Index -10.72% 9.09% 10.35% 14.49% 11.56% 18.85% 21.90%
Russell 2500™ Growth Index -11.66% 3.80% 4.08% 10.99% 9.23% 16.66% 18.51%
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.

FREQUENCY DISTRIBUTION OF PREMIUMS AND DISCOUNTS

Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 13 2 33 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 27.08% 4.17% 68.75% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 6 20 36 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 9.52% 31.75% 57.14% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 1 21 13 27 0 0 0
Percent of Total Days 0.00% 0.00% 1.56% 32.81% 20.31% 42.19% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 26 10 22 1 0 0
Percent of Total Days 0.00% 0.00% 0.00% 42.62% 16.39% 36.07% 1.64% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 34 8 17 2 0 0
Percent of Total Days 0.00% 0.00% 0.00% 53.97% 12.70% 26.98% 3.17% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 1 36 6 14 2 0 4
Percent of Total Days 0.00% 0.00% 1.59% 57.14% 9.52% 22.22% 3.17% 0.00% 6.35%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 24 4 35 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 38.10% 6.35% 55.56% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 10 27 25 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 16.13% 43.55% 40.32% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 4 31 28 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 6.35% 49.21% 44.44% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 7 38 19 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 10.94% 59.38% 29.69% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 1 44 16 0 0 3
Percent of Total Days 0.00% 0.00% 0.00% 1.56% 68.75% 25.00% 0.00% 0.00% 4.69%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 0 14 11 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 0.00% 56.00% 44.00% 0.00% 0.00% 0.00%

DISTRIBUTION OVERVIEW

EX-DATE RECORD DATE PAYABLE DATE ORDINARY INCOME SHORT-TERM CAPITAL GAINS LONG-TERM CAPITAL GAINS TOTAL DISTRIBUTION
09/28/2018 10/01/2018 10/04/2018 $0.021892 $0.000000 $0.000000 $0.021892
06/29/2018 07/02/2018 07/06/2018 $0.045306 $0.000000 $0.000000 $0.045306
03/29/2018 04/02/2018 04/05/2018 $0.023581 $0.000000 $0.000000 $0.023581
12/22/2017 12/26/2017 12/29/2017 $0.050469 $0.000000 $0.000000 $0.050469
09/29/2017 10/02/2017 10/05/2017 $0.028954 $0.000000 $0.000000 $0.028954
06/30/2017 07/05/2017 07/07/2017 $0.013634 $0.000000 $0.000000 $0.013634
03/31/2017 04/04/2017 04/06/2017 $0.022360 $0.000000 $0.000000 $0.022360
12/23/2016 12/28/2016 12/30/2016 $0.076622 $0.000000 $0.000000 $0.076622
09/30/2016 10/04/2016 10/06/2016 $0.009572 $0.000000 $0.000000 $0.009572
06/30/2016 07/05/2016 07/07/2016 $0.016506 $0.000000 $0.000000 $0.016506
3/31/2016 4/4/2016 4/6/2016 0.011340 $0.000000 $0.000000 0.011340

Characteristics

Index represents the Russell 2500™ Growth Index.

TOP HOLDINGS

(As of 12/07/2018)

% of Fund
Veeva Systems Inc 2.67
Westlake Chemical Corp 2.06
West Pharmaceutical Services Inc 1.95
ICON PLC 1.90
Rollins Inc 1.82
PRA Health Sciences Inc 1.67
HEICO Corp 1.40
Ubiquiti Networks Inc 1.38
Masimo Corp 1.38
athenahealth Inc 1.35

PORTFOLIO CHARACTERISTICS

(As of 12/07/18)

FUND INDEX
Number of Holdings
Equity Issues
257
-
Market Capitalization
Weighted Average
$5.26B
-
Portfolio Turnover Rate
(1-year trailing)
72.66%
-
Price/Earnings Ratio
(1-year forward)
25.84
-
Price/Book Ratio
(1-year forward)
6.21
-
Earnings Growth Rate
(1-year forward)
21.99%
-

SECTOR ALLOCATION

(As of 12/07/18)

% OF FUND % OF INDEX
Industrials 21.81 16.78
Information Technology 21.23 23.77
Health Care 20.66 22.62
Consumer Discretionary 15.96 15.23
Financials 9.11 7.17
Materials 3.93 4.37
Communication Services 2.49 3.41
Consumer Staples 2.36 2.13
Real Estate 2.15 2.90
Energy 0.26 1.30
Cash & Equivalents 0.04 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS

(As of 12/07/2018)

% OF FUND % OF INDEX
$10B to $50B 7.18 8.97
$5B to $10B 42.68 32.97
$1B to $5B 45.07 49.68
$500M to $1B 3.63 5.50
$250M to $500M 1.29 2.10
$100M to $250M 0.11 0.64
Cash & Equivalents 0.04 -

Commentary & Literature