JSMD: JANUS HENDERSON SMALL/MID CAP GROWTH ALPHA ETF
Understanding the JANUS HENDERSON SMALL/MID CAP GROWTH ALPHA ETF (JSMD)
The JANUS HENDERSON SMALL/MID CAP GROWTH ALPHA ETF (ticker: JSMD) is an exchange-traded fund designed to invest in small and medium-sized companies that show growth characteristics. This ETF is traded on the NASDAQ exchange.
What this ETF is trying to do
JSMD focuses on "growth" companies within the small and mid-cap categories. This means it looks for businesses that are often in stages of expansion. The fund holds a total of 124 different holdings.
Top Holdings
The following are some of the largest companies held by this ETF (note that this is a partial list):
• COMMVAULT SYSTEMS INC (1.81%)
• EQUITABLE HOLDINGS INC (1.81%)
• RYMAN HOSPITALITY PROPERTIES INC (1.81%)
• CONCENTRA GROUP HOLDINGS PARENT INC (1.74%)
• MEDPACE HOLDINGS INC (1.74%)
• STERLING INFRASTRUCTURE INC (1.69%)
• QUALYS INC (1.68%)
• HALOZYME THERAPEUTICS INC (1.62%)
• EXELIXIS INC (1.56%)
• LATTICE SEMICONDUCTOR CORP (1.56%)
Please keep in mind that holdings can change over time.
What the numbers show
When looking at how this ETF has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes the impact of distributions).
• Year-to-Date (YTD): The price return is approximately 12.11%, while the total return is approximately 12.37%.
• One-Year: The price return was approximately 10.57%, and the total return was approximately 10.99%.
• Three-Year: The price return was approximately 55.91%, and the total return was approximately 58.59%.
• Five-Year: The five-year total return is approximately 44.36%.
The current price of the ETF is $91.44. An estimated price from roughly one year ago was approximately $82.70.
Income and distribution explanation
JSMD provides some level of cash income to investors through distributions. The distribution yield is approximately 0.36%. This means the cash paid out is small relative to the share price.
The ETF usually pays distributions on a quarterly basis, with 4 payments made over the last 12 months. The most common day for these payments to occur is Tuesday.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be related to NAV, they are not the same thing.
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. However, the fund's erosion-risk score is 100, which is labeled as "No price erosion detected," and the erosion severity is rated as "good." There is no severe erosion-risk flag for this ETF.
Pros
• Strong Price Growth: The fund has shown significant positive price returns over the one-year and three-year periods.
• Low Erosion Risk: The data shows no detected price erosion.
Cons
• Lower Yield: The distribution yield is relatively low at approximately 0.36%, which may not meet the needs of investors looking for high immediate income.
Beginner takeaway
JSMD is a growth-focused ETF that has recently seen its share price and total returns increase. While it does pay distributions, the yield is quite low compared to the share price. Investors should remember that total return includes both price changes and distributions, providing a more complete picture of performance.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | COMMVAULT SYSTEMS INC | CVLT | 1.81% |
| 2 | EQUITABLE HOLDINGS INC | EQH | 1.81% |
| 3 | RYMAN HOSPITALITY PROPERTIES INC | RHP | 1.81% |
| 4 | CONCENTRA GROUP HOLDINGS PARENT INC | CON | 1.74% |
| 5 | MEDPACE HOLDINGS INC | MEDP | 1.74% |
| 6 | STERLING INFRASTRUCTURE INC | STRL | 1.69% |
| 7 | QUALYS INC | QLYS | 1.68% |
| 8 | HALOZYME THERAPEUTICS INC | HALO | 1.62% |
| 9 | EXELIXIS INC | EXEL | 1.56% |
| 10 | LATTICE SEMICONDUCTOR CORP | LSCC | 1.56% |