Fund Evaluator:

Janus Henderson Triton S Overview

Janus Henderson Triton S (JGMIX) is an actively managed U.S. Equity Small Growth fund. Janus Henderson launched the fund in 2009.

The investment seeks long-term growth of capital. The fund pursues its investment objective by investing at least 50% of its equity assets in small- and medium-sized companies. It may also invest in larger companies with strong growth potential. Small- and medium-sized companies are defined by the portfolio managers as those companies whose market capitalization falls within the range of companies in the Russell 2500® Growth Index at the time of initial purchase. The fund may also invest in foreign securities, which may include investments in emerging markets.

About Janus Henderson Triton S (JGMIX)

There are 2 members of the management team with an average tenure of 8.07 years: Aaron Schaechterle (2023), Jonathan Coleman (2013). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2500 Growth TR USD index with a weighting of 100%. Janus Henderson Triton S has 120 securities in its portfolio. The top 10 holdings constitute 21.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Janus Henderson Triton S is part of the Equity global asset class and is within the U.S. Equity fund group. Janus Henderson Triton S has 9.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.9%. There is 9.7% allocated to foreign stock, and 0.3% 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 0.1% convertible bond). Janus Henderson Triton S has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $198 million in total assets, which is below the $431 million average for the Small 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.

JGMIX 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 Triton S expense ratio is high compared to funds in the Small Growth category. Janus Henderson Triton S has an expense ratio of 1.17%, which is 1% lower than its category average, making the fund expense ratio grade a C. 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 Triton S has a portfolio turnover rate of 20%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 78% for the Small Growth category.

Recently, in the month of July 2026, Janus Henderson Triton S returned -3.3%, which earned it a grade of A, as the Small Growth category had an average return of -6.7%. 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 funds in that category.

Janus Henderson Triton S has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually 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 Triton S Grades

Year to date, the fund has returned 13.6%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 21.0% over the past year (grade of D), 11.3% over the past three years (grade of D) and 3.8% per year over the past five years (grade of C) and 9.7% per year over the past 10 years (grade of D).

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