- ISIN
- US47103E7590
- Issuer
- Janus Henderson
- Inception Date
- May 3, 1993
- Region
- North America (U.S.)
- Min. Investment
- $2,500
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
JNRFX Performance Chart
Janus Henderson Research Fund Class D (JNRFX) is up 1.2% since the beginning of the year. JNRFX is currently trading at $91 per share. Investors who bought $1,000 worth of JNRFX shares 5 years ago would now be looking at an investment worth $1,709.
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Compare this symbol against anything
Returns By Period
Janus Henderson Research Fund Class D (JNRFX) has returned 1.17% so far this year and 8.03% over the past 12 months. Looking at the last ten years, JNRFX has achieved an annualized return of 15.41%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Janus Henderson Research Fund Class D
- 1D
- 3.40%
- 1M
- -3.24%
- 6M
- 2.53%
- YTD
- 1.17%
- 1Y
- 8.03%
- 3Y*
- 20.23%
- 5Y*
- 11.31%
- 10Y*
- 15.41%
- ALL TIME*
- 9.90%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
JNRFX Monthly Returns History
Based on dividend-adjusted daily data since May 4, 1993, JNRFX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2001 with a return of +16.9%, while the worst month was Oct 2008 at -21.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, JNRFX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.7%, while the worst single day was Dec 15, 2000 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.33% | -3.81% | -5.88% | 13.18% | 6.91% | -0.10% | -6.30% | 1.17% | |||||
| 2025 | 1.99% | -2.97% | -8.55% | 2.25% | 9.82% | 7.26% | 3.85% | -0.17% | 3.83% | 3.36% | -1.53% | -0.82% | 18.45% |
| 2024 | 4.66% | 7.38% | 2.69% | -4.62% | 6.81% | 6.26% | -2.24% | 2.01% | 2.74% | 0.05% | 5.40% | 0.09% | 35.13% |
| 2023 | 8.35% | -1.67% | 7.06% | 0.91% | 5.44% | 6.17% | 3.53% | -0.58% | -5.24% | -1.21% | 10.68% | 4.19% | 43.14% |
| 2022 | -9.10% | -3.48% | 2.11% | -12.43% | -2.44% | -9.06% | 12.06% | -4.88% | -10.26% | 5.92% | 6.48% | -6.72% | -29.96% |
| 2021 | -2.29% | 1.66% | 1.24% | 6.83% | -0.86% | 4.97% | 2.15% | 2.51% | -4.99% | 7.14% | -0.76% | 1.62% | 20.19% |
Benchmark Metrics
Janus Henderson Research Fund Class D has an annualized alpha of 1.04%, beta of 1.06, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since May 04, 1993.
- This fund captured 114.52% of S&P 500 Index gains and 109.33% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.06 and R2 of 0.80, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.04%
- Beta
- 1.06
- R²
- 0.80
- Upside Capture
- 114.52%
- Downside Capture
- 109.33%
Expense Ratio
JNRFX has an expense ratio of 0.83%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JNRFX ranks 8 for risk / return — above 8% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Janus Henderson Research Fund Class D (JNRFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JNRFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.25 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 2.00 | -1.65 |
| Martin ratioReturn relative to average drawdown | 1.13 | 8.49 | -7.36 |
Dividends
Dividend History
Janus Henderson Research Fund Class D provided a 11.80% dividend yield over the last twelve months, with an annual payout of $10.72 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $10.72 | $10.72 | $4.33 | $1.93 | $0.21 | $8.85 | $1.91 | $5.16 | $4.49 | $3.81 | $2.17 | $3.84 |
Dividend yield | 11.80% | 11.94% | 5.11% | 2.93% | 0.43% | 13.01% | 2.98% | 10.37% | 11.06% | 8.22% | 5.41% | 9.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson Research Fund Class D. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.72 | $10.72 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.33 | $4.33 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.93 | $1.93 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.85 | $8.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Janus Henderson Research Fund Class D. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Janus Henderson Research Fund Class D was 74.74%, occurring on Jul 23, 2002. Recovery took 3162 trading sessions.
The current Janus Henderson Research Fund Class D drawdown is 7.61%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-74.74%Jul 2002 | 2y 3mo | 12y 6mo | 14y 10moMar 2000 - Feb 2015 | Dot-com crash2000–2002 |
-36.48%Oct 2022 | 11mo 1d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 | Bear market2022 |
-32.28%Mar 2020 | 1mo 2d | 3mo 11d | 4mo 13dFeb 2020 - Jul 2020 | COVID crash2020 |
-25.91%Oct 1998 | 2mo 19d | 2mo 8d | 4mo 27dJul 1998 - Dec 1998 | — |
-22.66%Apr 2025 | 2mo 14d | 2mo 3d | 4mo 17dJan 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| JNRFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.74% | -56.78% | -17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -17.05% | -9.10% | -7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -18.90% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -36.48% | -25.43% | -11.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.48% | -33.92% | -2.56% |
Current DrawdownCurrent decline from peak | -7.61% | -1.58% | -6.03% |
Average DrawdownAverage peak-to-trough decline | -24.86% | -10.70% | -14.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 2.14% | +3.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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