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On the lookout for a Sector - Tech fund? Starting with Janus Henderson Global Technology D (JNGTX) is one possibility. JNGTX holds a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance.
Objective
The world of Sector - Tech funds is an area filled with options, and JNGTX is one of them. Sector - Tech mutual funds allow investors to own a stake in a notoriously volatile sector with a much more diversified approach. Tech companies can be in any number of industries such as semiconductors, software, internet, networking just to name a few.
History of Fund/Manager
Janus Fund is based in Boston, MA, and is the manager of JNGTX. Janus Henderson Global Technology D made its debut in December of 1998, and since then, JNGTX has accumulated about $3.64 billion in assets, per the most up-to-date date available. The fund is currently managed by Denny Fish who has been in charge of the fund since January of 2016.
Performance
Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 17.71%, and is in the middle 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 13.72%, which places it in the middle third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
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. JNGTX's standard deviation over the past three years is 23.51% compared to the category average of 15.95%. Looking at the past 5 years, the fund's standard deviation is 22.82% compared to the category average of 16.75%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. JNGTX has a 5-year beta of 1.11, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. JNGTX's 5-year performance has produced a positive alpha of 1.77, which means managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.