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Have you been searching for a Small Cap Growth fund? You might want to begin with Janus Henderson Triton T (JATTX). JATTX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.
Objective
The world of Small Cap Growth funds is an area filled with options, such as JATTX. These funds tend to create their portfolios around stocks that sport large growth opportunities and market capitalization of less than $2 billion. The companies in these portfolios are usually on the smaller side, and are in up-and-coming industries and markets.
History of Fund/Manager
JATTX finds itself in the Janus Fund family, based out of Boston, MA. Janus Henderson Triton T debuted in February of 2005. Since then, JATTX has accumulated assets of about $3.06 billion, according to the most recently available information. The fund's current manager, Jonathan D. Coleman, has been in charge of the fund since May of 2013.
Performance
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 13.42%, and it sits in the top 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 17.34%, 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 14.5%, compared to the category average of 9.75%. Over the past 5 years, the standard deviation of the fund is 14.53% compared to the category average of 10.13%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
It's always important to be aware of the downsides to any future investment, so one should not discount the risks that come with this segment. In the most recent bear market, JATTX lost 45.52% and outperformed its peer group by 7.52%. This makes the fund a possibly better choice than its peers during a sliding market environment.
Nevertheless, with a 5-year beta of 1.16, the fund is likely to be more volatile than the market average. 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 has generated a positive alpha over the past five years of 0.34, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.