JOLIX — Janus Henderson Emerging Markets Managed Volatility Fund
Data updated: 2022-05-31
JOLIX — Janus Henderson Emerging Markets Managed Volatility Fund. Holdings, fees, performance and SEC filings.
JOLIX Fund Overview
JOLIX — Janus Henderson Emerging Markets Managed Volatility Fund is a US mutual fund managed by Janus Investment Fund, categorised as Emerging Markets Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Janus Investment Fund
- Category: Emerging Markets Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $5.79M
- 1-year return: -9.4%
- Ticker: JOLIX
- SEC CIK: 0000277751
- SEC series ID: S000047643
- Share class ID: C000149535
JOLIX Investment Objective and Strategy
Janus Henderson Emerging Markets Managed Volatility Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Janus Investment Fund.
Investment objective
Janus Henderson Emerging Markets Managed Volatility Fund seeks long-term growth of capital.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks from the universe of the MSCI Emerging Markets Index SM , utilizing Intech Investment Management LLCs (Intech) mathematical investment process, applying a managed volatility approach. The MSCI Emerging Markets Index SM is an unmanaged index that is designed to measure equity market performance of emerging markets. For purposes of meeting its 80% investment policy, the Fund may include exchange-traded funds (ETFs) that provide exposure to certain emerging markets. The Fund seeks to produce returns in excess of the MSCI Emerging Markets Index SM (the Funds benchmark index), but with lower absolute volatility than the benchmark index. The Fund seeks to generate such excess returns with absolute volatility that can range from approximately 0% to 45% lower than the MSCI Emerging Markets Index SM .
In this context, absolute volatility refers to the variation in the returns of the Fund and the benchmark index as measured by standard deviation. This range is expected to be closer to 0% in less volatile markets and will increase as market conditions become more volatile. Since inception, when seeking to generate returns, the Fund has reduced volatility on average by approximately 24% relative to its named benchmark index (based on the standard deviation of monthly returns). As noted, the volatility reduction is expected to vary over time based on market conditions and other factors. The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of stocks within the named benchmark index. The goal of this process is to combine stocks that individually have higher relative volatility, lower absolute volatility, and lower correlations with each other in an effort to reduce the Funds absolute volatility, while still generating returns that exceed the named benchmark index over a full market cycle (a time period representing a significant market decline and recovery).
Although the Fund may underperform its named benchmark index in sharply rising markets, this strategy seeks to participate in normal rising markets and lessen losses in down markets. In applying this strategy, Intech establishes target proportions of its holdings from stocks within the named benchmark index using an optimization process designed to determine the most effective weightings of each stock in the Fund. Once Intech determines such proportions and the Funds investments are selected, the Fund is periodically rebalanced to the set target proportions and re-optimized. The rebalancing techniques used by Intech may result in a higher relative portfolio turnover rate compared to a buy and hold fund strategy. The Fund may lend portfolio securities 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.
JOLIX Holdings
Top 10 holdings of Janus Henderson Emerging Markets Managed Volatility Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Chunghwa Telecom Co Ltd | 0.05% |
| Taiwan Mobile Co Ltd | 0.03% |
| Jbs SA | 0.03% |
| Public Bank Bhd | 0.02% |
| Far EasTone Telecommunications | 0.02% |
| Guangdong Investment Ltd | 0.02% |
| Cp All Pcl | 0.02% |
| Taiwan Cooperative Financial H | 0.02% |
| InterGlobe Aviation Ltd | 0.02% |
| First Financial Holding Co Ltd | 0.02% |
JOLIX Portfolio Allocation
Asset-class allocation of Janus Henderson Emerging Markets Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 1.0% |
JOLIX Performance
Total returns for JOLIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.4% |
| 3 years (annualised) | 0.7% |
JOLIX Risk Information
Risk metrics for JOLIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.7%
JOLIX Costs and Fees
JOLIX costs about $101 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.01%
- Gross expense ratio: 6.79%
- Portfolio turnover: 198%
- Brokerage commissions: 22.22 bps of average net assets (SEC N-CEN)
JOLIX Cashflows
Over the 12 months to 2022-03, Janus Henderson Emerging Markets Managed Volatility Fund had net inflows of $7.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $582.24K |
| 2022-02 | $1.15M |
| 2022-01 | $1.06M |
| 2021-12 | $222.36K |
| 2021-11 | $226.12K |
| 2021-10 | $893.26K |
JOLIX Debt Constituents
No individual debt constituents are reported in Janus Henderson Emerging Markets Managed Volatility Fund's latest SEC N-PORT filing.
JOLIX Prospectus and SEC Filings
Official Janus Henderson Emerging Markets Managed Volatility Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-10-28
- Prospectus (485BPOS) — filed 2020-10-28
- Prospectus supplement (497) — filed 2020-07-13
- Portfolio holdings (N-PORT) — filed 2022-05-31
- Portfolio holdings (N-PORT) — filed 2022-03-01
- Portfolio holdings (N-PORT) — filed 2021-11-29
- Annual census (N-CEN) — filed 2021-09-13
- Annual census (N-CEN) — filed 2020-09-11
Related Funds
Other Emerging Markets Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.