Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. Janus Henderson Contrarian Fund seeks long-term growth of capital.
Strategy. The Fund pursues its investment objective by primarily investing in equity securities. The Fund normally invests in a portfolio of 35-55 common stocks. Portfolio management seeks to invest in companies where the stock price trades at a significant discount to portfolio managements estimate of intrinsic value and whose intrinsic value portfolio management believes will grow over time. The Fund is classified as nondiversified, which allows it to hold larger positions in more securities as compared to a fund that is classified as diversified. The Fund may invest in companies of any size, from larger, well-established companies to smaller, emerging growth companies. The Fund may invest in foreign securities. Portfolio management applies a bottom-up approach in choosing investments. In other words, … The Fund pursues its investment objective by primarily investing in equity securities. The Fund normally invests in a portfolio of 35-55 common stocks. Portfolio management seeks to invest in companies where the stock price trades at a significant discount to portfolio managements estimate of intrinsic value and whose intrinsic value portfolio management believes will grow over time. The Fund is classified as nondiversified, which allows it to hold larger positions in more securities as compared to a fund that is classified as diversified. The Fund may invest in companies of any size, from larger, well-established companies to smaller, emerging growth companies. The Fund may invest in foreign securities. Portfolio management applies a bottom-up approach in choosing investments. In other words, portfolio management looks at companies one at a time to determine if a company is an attractive investment opportunity and if it is consistent with the Funds investment policies. In conducting the bottom-up analysis, portfolio management seeks to identify durable businesses whose stocks are available at market prices below portfolio managements estimate of their intrinsic value, whose intrinsic value is expected to grow over time, and whose management teams are aligned with shareholders. Portfolio management will generally consider selling a stock when, in portfolio managements opinion, the business shows declining fundamentals, the stock is overvalued, or if the investing thesis for owning the stock has changed. The Fund may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions, in an amount equal to up to one-third of its total assets as determined at the time of the loan origination.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ORACLE CORP | — | $279.71M | 6.53% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $243.64M | 5.68% |
| AMAZON.COM INC | — | $208.46M | 4.86% |
| CAPITAL ONE FINANCIAL CORP | — | $206.69M | 4.82% |
| PNC FINANCIAL SERVICES GRP INC | — | $203.84M | 4.76% |
| VERTIV HOLDINGS CO | — | $199.40M | 4.65% |
| Yandex NV | NBIS US | $199.00M | 4.64% |
| HOWMET AEROSPACE INC | — | $176.59M | 4.12% |
| LUMENTUM HOLDINGS INC | — | $160.54M | 3.75% |
| SURGERY PARTNERS INC | — | $154.72M | 3.61% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Janus Henderson Transformational Growth ETF · JXX | 33% | 0.57% |
| Focused Growth Portfolio | 32% | 0.75% |
| Janus Henderson Forty Fund · JDCAX, JACCX, JCAPX, JDCRX, JARTX, JACTX, JFRNX, JFRDX | 27% | 0.56% |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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