Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Janus Henderson Transformational Growth ETF seeks long-term growth of capital.
Strategy. The Fund pursues its investment objective by normally investing in a portfolio of approximately 20-30 equity securities. The Fund may invest in equity securities of companies of any size, but will invest primarily in larger, well-established companies across various sectors. The Fund may also invest up to 20% of its net assets in foreign securities of companies listed on U.S. exchanges or in the form of depositary receipts. In selecting investments, the portfolio managers employ a combination of a bottom up fundamental security selection with a top down thematic approach, focusing on secular themes transforming society. In applying a bottom up approach that focuses on fundamental research, portfolio management considers, among other factors, a companys sustainable competitive advantages, long-term growth … The Fund pursues its investment objective by normally investing in a portfolio of approximately 20-30 equity securities. The Fund may invest in equity securities of companies of any size, but will invest primarily in larger, well-established companies across various sectors. The Fund may also invest up to 20% of its net assets in foreign securities of companies listed on U.S. exchanges or in the form of depositary receipts. In selecting investments, the portfolio managers employ a combination of a bottom up fundamental security selection with a top down thematic approach, focusing on secular themes transforming society. In applying a bottom up approach that focuses on fundamental research, portfolio management considers, among other factors, a companys sustainable competitive advantages, long-term growth potential, and shareholder value. In applying a top down thematic approach, portfolio management seeks to construct an overall portfolio with characteristics tied to secular themes transforming society. The themes of focus, which may evolve over time and/or incorporate other themes, include: artificial intelligence, cloud computing, deglobalization, digitization (including e-commerce), healthcare innovation, or other long-term innovations. The Fund will generally consider selling a security when, in portfolio managements opinion, there is a deterioration in a companys financials, the investment thesis for owning the position has changed, or if the security trades at intrinsic value. 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 one-third of its total assets as determined at the time of the loan origination. The Fund is classified as nondiversified, which allows it to hold larger positions in securities compared to a fund that is classified as diversified.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| AMAZON.COM INC | — | $3.93M | 11.54% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $3.77M | 11.07% |
| ORACLE CORP | — | $2.65M | 7.77% |
| BROADCOM INC | — | $2.64M | 7.76% |
| INTERCONTINENTAL EXCHANGE INC | — | $1.78M | 5.23% |
| HOWMET AEROSPACE INC | — | $1.66M | 4.87% |
| BOEING CO/THE | — | $1.62M | 4.76% |
| MADRIGAL PHARMACEUTICALS INC | — | $1.47M | 4.32% |
| DRAFTKINGS INC | — | $1.39M | 4.08% |
| MERCADOLIBRE INC | — | $1.37M | 4.03% |
Portfolio moves
Oct 31, 2025 → Jan 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. |
|---|---|---|
| Focused Growth Portfolio | 54% | 0.75% |
| Janus Henderson Forty Fund · JDCAX, JACCX, JCAPX, JDCRX, JARTX, JACTX, JFRNX, JFRDX | 53% | 0.56% |
| Janus Henderson Forty Portfolio · JACAX | 53% | 0.58% |
Advisers
| Firm | Role |
|---|---|
| Janus Henderson Investors US LLC | Adviser |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
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