Summary
Janus Henderson Small/Mid Cap Growth Alpha ETF is an ETF - a fund traded on an exchange like a stock - run by Janus Henderson. Positions inside: 124. The ten largest make up 18% of the fund.
- Yearly costs
- 0.30%
- Fund size
- $1.01B
- Positions
- 124
- Dividend yield
- 0.38%
- Running since
- 2016
What speaks for it
- Costs of 0.30% a year are below the middle of comparable funds (0.44%).
- Widely spread: the ten largest positions make up only 18% of the fund.
- A large fund with $1.01B under management.
- Average yearly growth over the last ten years: 12%.
- It has been running since 2016.
What to watch
- 97% of the fund is in one country (United States).
- In the last five years its price once dropped by 32% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.8%
- 3 months
- -7.6%
- This year
- +7.9%
- 1 year
- +5.0%
- 3 years
- +59%
- 5 years
- +31%
- 10 years
- +202%
- Avg. market cap
- $9.55B
- P/E
- 22.0x
- Forward P/E
- 16.7x
- P/S
- 2.2x
- P/B
- 8.1x
- P/FCF
- 14.9x
- EV/EBITDA
- 14.8x
- Dividend yield
- 0.95%
- ROIC
- 15.0%
- ROE
- 51.0%
- Gross margin
- 53.3%
- Operating margin
- -8.5%
- Net margin
- -17.4%
- Payout ratio
- 20.8%
- Net debt/EBITDA
- 1.1x
- Beta
- 1.16
Weighted average of the 50 largest companies, which make up 62% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 RHRyman Hospitality Properties, Inc. RHP 2.0%
- 2 COConcentra Group Holdings Parent, Inc. CON 1.9%
- 3 EQEquitable Holdings EQH 1.9%
- 4 CVCommvault CVLT 1.9%
- 5 MEMedpace MEDP 1.8%
- 6 HAHalozyme Therapeutics HALO 1.8%
- 7 EXExelixis EXEL 1.7%
- 8 CAInstacart CART 1.7%
- 9 QLQualys, Inc. QLYS 1.6%
- 10 GEGen Digital GEN 1.6%
Positions in the fund: 124. The ten largest make up 18% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Healthcare 26%
- Technology 26%
- Industrials 17%
- Consumer cyclical 10%
- Financials 9.2%
- Other 12%
By country
- United States 97%
- Canada 1.3%
- United Kingdom 1.2%
- France 0.6%
By company size
- Large cap 26%
- Mid cap 64%
- Small cap 9.7%
- Micro cap 0.4%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Healthcare (26%). Largest country: United States (97%). Largest size group: Mid cap (64%).
What does it cost me?
Cheap- A year from $10,000
- $30.00
- Over 20 years
- $1,476
From every $10,000 invested the fund takes $30.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,476.
How has it done?
Growing over the long run- A year on average, 10 years
- +12%
- Deepest drop
- -32%
- Yearly volatility
- 22%
Average yearly growth over the last ten years: 12%. Deepest drop in these years: 32% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.38%
- Payments a year
- 4
- Last payment
- $0.05
Over the last 12 months it paid $0.33 per share, which is 0.38% of today's price. The last payment was $0.05 on Sep 30, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $5.68M
- Shares a day
- 65K
On an average day about $5.68M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 22.0
- Average Bulios Score
- 62 out of 100
Weight by Bulios Fair Price
- Undervalued 26%
- Fairly valued 13%
- Overvalued 61%
On average the companies inside trade for 22.0 times their yearly profit. By Fair Price, 61% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 62% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
JS JSML Janus Henderson Small Cap Growth Alpha ETF | United States | 0.30% | $349.5M | +11% | Pays out | 41% |