If you have been looking for Sector – Tech funds, a place to start could be Janus Henderson Global Technology A (JATAX). JATAX possesses a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance.
The world of Sector – Tech funds is an area filled with options, and JATAX is one of them. Sector – Tech mutual funds allow investors to own a stake in a notoriously volatile sector with a much more diversified approach. Tech companies can be in any number of industries such as semiconductors, software, internet, networking just to name a few.
Janus Fund is responsible for JATAX, and the company is based out of Boston, MA. Janus Henderson Global Technology A made its debut in July of 2009, and since then, JATAX has accumulated about $340.65 million in assets, per the most up-to-date date available. The fund is currently managed by Denny Fish who has been in charge of the fund since January of 2016.
Of course, investors look for strong performance in funds. This fund in particular has delivered a 5-year annualized total return of 12.79%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 31.62%, which places it in the middle third during this time-frame.
It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, JATAX’s standard deviation comes in at 17.75%, compared to the category average of 11.86%. The fund’s standard deviation over the past 5 years is 21.68% compared to the category average of 14%. This makes the fund more volatile than its peers over the past half-decade.
The fund has a 5-year beta of 1.25, so investors should note that it is hypothetically more volatile than the market at large. Because alpha represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a negative alpha of -2.83, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.