JMID: JANUS HENDERSON MID CAP GROWTH ALPHA ETF
ETF Education Report: JANUS HENDERSON MID CAP GROWTH ALPHA ETF (JMID)
What this ETF is trying to do
The JANUS HENDERSON MID CAP GROWTH ALPHA ETF (ticker: JMID) is an exchange-traded fund listed on the NASDAQ. While the specific investment goal isn't detailed in the data, the name suggests it focuses on "mid-cap growth" companies. These are typically medium-sized businesses that are expected to grow faster than the average company.
What the numbers show
The current price of one share is $32.63. To understand how the price has moved, we can look at two different types of returns:
• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 12.19%, and the one-year price return is approximately 8.33%.
• Total Return: This includes the share price change plus any distributions (cash payments) made to investors. The YTD total return is approximately 12.51%, and the one-year total return is approximately 8.92%.
Because the total return is higher than the price return, it shows that distributions added value to the overall performance. We can also look at an estimated price from roughly one year ago, which was approximately $30.13.
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. The distribution yield is approximately 0.51%. This means the annual cash payments represent about 0.51% of the current share price. These payments usually happen quarterly, and there were 4 payments in the last 12 months.
It is important to remember that a distribution yield is not the same as total return. While distributions provide cash income, they are separate from the growth of the share price itself.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of an ETF's underlying assets declines significantly. StockValueFinder uses an "erosion-risk score" to help monitor this. For JMID, the erosion score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Top Holdings
The following are some of the top holdings in this ETF. Please note that this is a partial list and holdings can change over time:
• DEXCOM INC (2.87%)
• SNOWFLAKE INC ORDINARY SHARES (2.71%)
• COMFORT SYSTEMS USA INC (2.65%)
• EXPEDIA GROUP INC (2.50%)
• HALOZYME THERAPEUTICS INC (2.39%)
• LUMENTUM HOLDINGS INC (2.31%)
• TERADYNE INC (2.25%)
• GODADDY INC CLASS A (2.11%)
• NETAPP INC (2.09%)
• GARTNER INC (2.06%)
Pros
• The ETF has shown positive price returns both year-to-date and over the last year.
• The erosion-risk measurements suggest no current price erosion issues.
Cons
• The distribution yield is relatively low (approximately 0.51%).
• Three-year return data was not supplied, so long-term performance cannot be reviewed here.
Beginner takeaway
When looking at an ETF like JMID, it is helpful to distinguish between the share price moving up and the cash being paid out through distributions. This ETF has seen both share-price growth and total returns that include distributions. Always remember that a high yield can sometimes hide a falling share price, but in this specific case, the data shows positive returns for both.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | DEXCOM INC | DXCM | 2.87% |
| 2 | SNOWFLAKE INC ORDINARY SHARES | SNOW | 2.71% |
| 3 | COMFORT SYSTEMS USA INC | FIX | 2.65% |
| 4 | EXPEDIA GROUP INC | EXPE | 2.50% |
| 5 | HALOZYME THERAPEUTICS INC | HALO | 2.39% |
| 6 | LUMENTUM HOLDINGS INC | LITE | 2.31% |
| 7 | TERADYNE INC | TER | 2.25% |
| 8 | GODADDY INC CLASS A | GDDY | 2.11% |
| 9 | NETAPP INC | NTAP | 2.09% |
| 10 | GARTNER INC | IT | 2.06% |