JSML
Janus Henderson Small Cap Growth Alpha ETF
Janus Detroit Street Trust
ETF
Expense ratio1
0.30%
Net assets2
$294.01M
Holdings2
123
Category
US Equity
2025 return3
13.57%

Investment objective & strategy

As of Feb. 27, 2026 · prospectus

Objective. Janus Henderson Small Cap Growth Alpha ETF seeks to provide long-term growth of capital.

Strategy. The Fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small-sized capitalization (small cap) companies selected for their growth potential. For purposes of the 80% policy, the Fund considers small cap companies to be those whose market capitalization falls within the 12-month range of the Russell 2000 TM Growth Index. The market capitalizations within the index will vary, but as of October 31, 2025, the market capitalization range of the Russell 2000 TM Growth Index was between $4 million and $28.02 billion. The Fund uses an active, systematic strategy designed to select equity securities of small cap growth companies using a proprietary quantitative … The Fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small-sized capitalization (small cap) companies selected for their growth potential. For purposes of the 80% policy, the Fund considers small cap companies to be those whose market capitalization falls within the 12-month range of the Russell 2000 TM Growth Index. The market capitalizations within the index will vary, but as of October 31, 2025, the market capitalization range of the Russell 2000 TM Growth Index was between $4 million and $28.02 billion. The Fund uses an active, systematic strategy designed to select equity securities of small cap growth companies using a proprietary quantitative methodology. The Fund seeks to generate alpha and maximize expected excess returns by utilizing a set of proprietary factors or signals based on fundamental research. Alpha is a measure of how much the Fund outperforms relative to its performance benchmark index. The Fund utilizes portfolio optimization techniques to manage risk by maintaining characteristics that are similar to those of the performance benchmark index and to evaluate security combinations and weightings in an effort to construct the portfolio given the Funds performance benchmark index and target risk objective. The Fund is actively-managed and, thus, does not seek to replicate the performance of a specified index. Accordingly, portfolio management has discretion on a daily basis to manage the Funds portfolio in accordance with the Funds investment objective. The Fund may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions on a short-term or long-term basis, 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 Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
BLOOM ENERGY CORP CL A $6.31M 2.15%
ENOVA INTL INC $6.00M 2.04%
CACTUS INC CL A $5.95M 2.03%
ATMUS FILTRATION TECHNOLOGIES INC $5.81M 1.98%
CREDO TECHNOLOGY GROUP HOLDING LTD $5.61M 1.91%
RYMAN HOSPITALITY PPTYS INC $5.61M 1.91%
INTERDIGITAL INC $5.52M 1.88%
ARGAN INC $5.42M 1.84%
CATALYST PHARMACEUTICALS INC $5.23M 1.78%
NEXTRACKER INC CL A $5.05M 1.72%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
69
Exited
62
Increased
24
Decreased
30
Unchanged
0

How 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.

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Advisers

As of October 31, 2025 · N-CEN
FirmRole
Janus Henderson Investors US LLC Adviser

Footnotes

  1. Expense ratio as of February 27, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.

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