ETF Evaluator:
Janus Henderson Transformational Gr ETF ()
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(as of Aug 26)
Best Performing in Large Growth Over the Last Year
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ETF Details
Janus Henderson Transformational Gr ETF Overview
Janus Henderson Transformational Gr ETF (JXX) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Janus Henderson launched the ETF in 2025.
The investment seeks long-term growth of capital.
The fund pursues its investment objective by normally investing in a portfolio of approximately 20-30 equity securities. It 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. The fund is non-diversified.
About Janus Henderson Transformational Gr ETF (JXX)
There are 2 members of the management team with an average tenure of 1.48 years: Nick Schommer (2025) and Brian Recht (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Janus Henderson Transformational Gr ETF has 25 securities in its portfolio. The top 10 holdings constitute 62.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Janus Henderson Transformational Gr ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Janus Henderson Transformational Gr ETF has 14.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.5% There is 14.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Janus Henderson Transformational Gr ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $26 million in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JXX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Janus Henderson Transformational Gr ETF expense ratio is average compared to funds in the Large Growth category. Janus Henderson Transformational Gr ETF has an expense ratio of 0.57%, which is 16% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Janus Henderson Transformational Gr ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, Janus Henderson Transformational Gr ETF returned -6.7%, which earned it a grade of F, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Janus Henderson Transformational Gr ETF has a trailing yield of 0.00%, which is below the 0.53% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Janus Henderson Transformational Gr ETF Grades
Year to date, the ETF has returned 9.1%, 2.9 percentage points better than the category, which translates into a grade of B. The fund has returned 15.5% over the past year (grade of C).
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JXX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JXX Return (NAV) | -6.7% | 5.2% | 15.5% | na | na | na |
| JXX Return (Price) | -6.6% | 5.3% | 15.8% | na | na | na |
| NAV +/- Price Return | -0.053% | -0.127% | -0.258% | na | na | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| JXX Grade (NAV) | F | B | C | na | na | na |
| +/- Category (NAV) | -2.9% | 2.5% | 2.5% | na | na | na |
| JXX Tax-Cost Ratio | na | na | 0.0% | na | na | na |
JXX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JXX Return (NAV) | 9.1% | na | na | na | na | na | na | na | na | na | na |
| JXX Return (Price) | 9.1% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.002% | na | na | na | na | na | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| JXX Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 2.9% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 27 Mil |
| Share Class Assets: | $ 27 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.57% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Schommer Nick (2025), Recht Brian (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 25 |
| % in Top 10 Holdings: | 62.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 14.4% |
Portfolio Allocation |
|
| Domestic Stock: | 85.5% |
| Foreign Stock: | 14.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Janus Henderson |
| Phone Number: | 800-668-0434 |
| Website: | janusetfs.com |
| Inception Date: | February 4, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.57% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.49% |
