February 29, 2024

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Technology and Age

Is Janus Henderson Global Technology T (JAGTX) a Strong Mutual Fund Pick Right Now?

Having trouble finding a Sector – Tech fund? Janus Henderson Global Technology T (JAGTX) is a potential starting point. JAGTX holds a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.

Objective

JAGTX is part of the Sector – Tech category, which boasts an array of different possible selections. With a much more diversified approach, Sector – Tech mutual funds give investors a way to own a stake in a notoriously risky sector. Tech companies are in various industries like semiconductors, software, internet, and networking, among others.

History of Fund/Manager

Janus Fund is based in Boston, MA, and is the manager of JAGTX. Janus Henderson Global Technology T debuted in December of 1998. Since then, JAGTX has accumulated assets of about $2.01 billion, according to the most recently available information. Denny Fish is the fund’s current manager and has held that role since January of 2016.

Performance

Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of 30.66%, and is in the top third among its category peers. If you’re interested in shorter time frames, do not dismiss looking at the fund’s 3-year annualized total return of 30.25%, which places it in the top 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. JAGTX’s standard deviation over the past three years is 20.2% compared to the category average of 16.21%. Looking at the past 5 years, the fund’s standard deviation is 16.78% compared to the category average of 13.47%. 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. JAGTX has a 5-year beta of 0.98, which means it is likely to be as volatile as 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. JAGTX’s 5-year performance has produced a positive alpha of 12.09, which means managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Expenses

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, JAGTX is a no load fund. It has an expense ratio of 0.90% compared to the category average of 1.35%. So, JAGTX is actually cheaper than its peers from a cost perspective.

This fund requires a minimum initial investment of $2,500, while there is no minimum for each subsequent investment.

Bottom Line

Overall, Janus Henderson Global Technology T ( JAGTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Janus Henderson Global Technology T ( JAGTX ) looks like a good potential choice for investors right now.

Your research on the Sector – Tech segment doesn’t have to stop here. You can check out all the great mutual fund tools we have to offer by going to www.zacks.com/funds/mutual-funds to see the additional features we offer as well for additional information. And don’t forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.

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