Fact sheet: Janus Opp Alpha

Fund information
Fund name
Janus Opportunistic Alpha B Acc USD
Fund manager company
Janus Capital Funds
Fund type
No data available.
Fund managers
  • Daniel Kozlowskisince 01/03/2014
  • Andy Summerssince 30/06/2014
Fund objective
This Fund’s investment objective is long-term growth of capital. It pursues its objective by investing primarily in common stocks of US Issuers of any size, which may include larger well-established issuers and/or smaller emerging growth issuers. Opportunistic alpha is achieved by the Fund investing opportunistically across variety of market capitalisations predominantly in the US in its attempt to generate alpha (i.e. obtain excess returns) for Shareholders.
Benchmark
  • S&P 500 TR USD
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
1.8%
1 Year rank in sector
-
Sector
FO Equity - USA
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
3.3%
Fund size
£36m (£55m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
125
Top in this sector
Fund name1 Year
Dodge & Cox US Stk39.8%
Hermes US SMID Equity33.3%
Oyster US Selection33.1%
GAM Star Gamco US Eq31.9%
T. Rowe Price USLgeCapValEq31%
...more in FO Equity - USA

Performance snapshot

Holdings snapshot

  • USA93%
    Money Market3.1%
    Switzerland1.6%
    China1.3%
    UK1.1%
  • Consumer Discretionary23.9%
    Industrials22.2%
    Materials15.5%
    Information Technology12%
    Consumer Staples7%
  • US Equities93%
    Cash & Cash Equivalents3.1%
    Swiss Equities1.6%
    Chinese Equities1.3%
    UK Equities1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund7.9%4.5%13.6%1.8%14.3%36.8%
Sector3.9%1.7%5%3.5%18.7%68.8%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund4.8%-9.8%18.1%24.4%-2.2%
Sector6.5%-1.6%10.7%31.8%10.2%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.67
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.02
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.11
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.33
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
8.73
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.11
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.62
Price movement
52 week high15.71
52 week low12.12
Current bid price-
Current offer price-
Current mid price15.35
Region
1USA92.97%
2Money Market3.05%
3Switzerland1.61%
4China1.27%
5UK1.1%
Industry sector
1Consumer Discretionary23.88%
2Industrials22.19%
3Materials15.51%
4Information Technology11.97%
5Consumer Staples6.99%
6Health Care5.75%
7Real Estate4.67%
8Energy3.19%
9Cash & Cash Equivalents3.05%
Asset type
1US Equities92.97%
2Cash & Cash Equivalents3.05%
3Swiss Equities1.61%
4Chinese Equities1.27%
5UK Equities1.1%
Individual holdings
1UNITED CONTINENTAL HLDGS INC11%
2VERITIV CORP6.5%
3BALL CORP5%
4MATTEL INC5%
5AIR PRODUCTS & CHEMICALS INC4.7%
Management
Fund manager group
Janus Capital
Fund manager company
Janus Capital Funds
Fund type
No data available.
Fund objective
This Fund’s investment objective is long-term growth of capital. It pursues its objective by investing primarily in common stocks of US Issuers of any size, which may include larger well-established issuers and/or smaller emerging growth issuers. Opportunistic alpha is achieved by the Fund investing opportunistically across variety of market capitalisations predominantly in the US in its attempt to generate alpha (i.e. obtain excess returns) for Shareholders.
Benchmark
  • S&P 500 TR USD
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Daniel Kozlowski01/03/2014Daniel Kozlowski is Portfolio Manager of the Janus Opportunistic Alpha strategy, including Janus Contrarian Fund, and all related portfolios, and the Janus Global Opportunistic Equity strategy. He also manages a long/short equity hedge fund strategy. Mr. Kozlowski previously worked for Janus from 2000 to 2008 as both an equity research analyst covering stocks in the financials, retail and media sectors globally and as Co-Portfolio Manager of the Janus Long/Short strategy and all related portfolios. From 2008 to 2011, Mr. Kozlowski founded and managed Plaisance Capital LLC, which managed a privately-offered investment vehicle, which Janus acquired upon his return in June 2011. Prior to originally joining Janus, he founded, managed and sold a start-up venture in addition to working at Arthur Andersen, LLP and Ariel Capital Management. Mr. Kozlowski holds a bachelor's degree in business administration and graduated cum laude from the University of Miami. He also studied at Sophia University's School of Comparative Culture in Tokyo, Japan, and earned his MBA from the University of Chicago. He holds the Chartered Financial Analyst designation and has 15 years of financial industry experience.
Andy Summers30/06/2014Andy Summers is a Portfolio Manager responsible for co-managing the Janus Opportunistic Alpha Fund (available to Non-U.S. investors). He also serves as Assistant Portfolio Manager on the Janus Opportunistic Alpha strategy, including the Janus Contrarian Fund, and other related portfolios. Mr. Summers is also an equity research analyst focusing on companies across the health care sector, including companies in the health care services, medical products and specialty pharmaceutical industries. Mr. Summers joined Janus as a research analyst in February 2008. He began his investment career in 1998 as an equity analyst at INVESCO Funds where he covered the pharmaceutical and biotechnology industries. He was promoted to Assistant Portfolio Manager and finally Co-Portfolio Manager of a multi-billion dollar health care fund before founding Silvergate Capital Management, LLC in August 2004, where he managed a $100 million long/short health care portfolio.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Offshore, Peru, Singapore, Sweden, Taiwan - Province Of China
Janus Opportunistic Alpha A Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.31%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price18.33
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJD99
Janus Opportunistic Alpha A Hedged Acc AUD
Initial charge5%
Annual charge1.25%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKQHJ
Janus Opportunistic Alpha A Hedged Acc CAD
Initial charge5%
Annual charge1.25%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCAD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKQHH
Janus Opportunistic Alpha A Hedged Acc CNH
Initial charge5%
Annual charge1.25%
Min single investment£15,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.33%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.84
CurrencyCNH
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKQHI
Janus Opportunistic Alpha A Hedged Acc EUR
Initial charge5%
Annual charge1.25%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.31%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price18.33
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJD97
Janus Opportunistic Alpha A Inc USD
Initial charge5%
Annual charge1.25%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.33%
Total expense ratio (TER)2.34%
Bid price-
Offer price-
Mid price14.2
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFKL4
Janus Opportunistic Alpha B Acc USD
Initial charge-
Annual charge1.25%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)3.3%
Total expense ratio (TER)3.35%
Bid price-
Offer price-
Mid price15.35
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJF86
Janus Opportunistic Alpha I Acc USD
Initial charge2%
Annual charge0.95%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price21.4
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJI64
Janus Opportunistic Alpha I Hedged Acc EUR
Initial charge2%
Annual charge0.95%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price14.19
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKN4
Janus Opportunistic Alpha I Inc USD
Initial charge2%
Annual charge0.95%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price15.6
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFKL5
Janus Opportunistic Alpha U Acc GBP
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price18.92
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI39L
Janus Opportunistic Alpha U Acc USD
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.72
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJTSV
Janus Opportunistic Alpha U Hedged Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.55
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJTSW
Data provided by

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