Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. Janus Henderson Venture Fund seeks capital appreciation.
Strategy. The Fund pursues its investment objective by investing at least 50% of its net assets in small-sized companies. The Fund may also invest in larger companies with strong growth potential. Small-sized companies are defined by portfolio management as those companies whose market capitalization falls within the 12-month capitalization range of the Russell 2000 Growth Index at the time of purchase. Market capitalization is a commonly used measure of the size and value of a company. The market capitalizations within the index will vary, but as of September 30, 2025, they ranged from approximately $4 million to $21.31 billion. The Fund may invest in shares of companies through initial public offerings and secondary offerings. Portfolio management applies a bottom-up approach in … The Fund pursues its investment objective by investing at least 50% of its net assets in small-sized companies. The Fund may also invest in larger companies with strong growth potential. Small-sized companies are defined by portfolio management as those companies whose market capitalization falls within the 12-month capitalization range of the Russell 2000 Growth Index at the time of purchase. Market capitalization is a commonly used measure of the size and value of a company. The market capitalizations within the index will vary, but as of September 30, 2025, they ranged from approximately $4 million to $21.31 billion. The Fund may invest in shares of companies through initial public offerings and secondary offerings. 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. Factors that portfolio management may consider in its fundamental analysis include a companys valuation, operating margins, or returns on capital. Portfolio management will generally consider selling a position when, among other things, there is a deterioration in a companys competitive position or financials, a company reaches or exceeds its targeted value, or if a companys market capitalization exceeds the top of the small-sized range. The Fund may also invest in foreign securities. As part of its investment process, portfolio management considers environmental, social, and governance (ESG) risks and opportunities (ESG Factors) that it believes are financially material, alongside other fundamental investment factors. Examples of potential financially material ESG Factors include: corporate governance, company culture, exposure to climate change, and human capital management. To assess ESG Factors, portfolio management uses issuer reports, third-party data, and internally-generated analyses and may engage directly with issuers. ESG Factors are one of many considerations in the investment decision-making process, may not be determinative in deciding to include or exclude an investment from the portfolio, and may not be considered for every investment decision. 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 |
|---|---|---|---|
| GLAUKOS CORP | — | $69.83M | 2.28% |
| SPX TECHNOLOGIES INC | — | $60.53M | 1.97% |
| OSI SYSTEMS INC | — | $59.06M | 1.93% |
| CASEY'S GENERAL | — | $57.39M | 1.87% |
| AST SPACEMOBILE INC | — | $54.33M | 1.77% |
| LIGAND PHARMACEUTICALS | — | $53.12M | 1.73% |
| SS&C TECHNOLOGIE | — | $52.56M | 1.72% |
| PERIMETER SOLUTIONS SA | — | $52.42M | 1.71% |
| RENTOKIL-SP ADR | RTO | $51.38M | 1.68% |
| GLOBUS MEDICAL INC | — | $50.48M | 1.65% |
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. |
|---|---|---|
| Penn Series Small Cap Growth Fund | 78% | 0.99% |
| Janus Henderson Triton Fund · JATTX, JGMAX, JGMCX, JSMGX, JGMRX, JGMIX, JANIX, JGMNX | 68% | 0.67% |
| Janus Henderson Enterprise Portfolio · JAAGX | 20% | 0.72% |
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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