JSMD - ETF AI Analysis

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Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD)

Rating:72Outperform

Price Target:―

JSMD, the Janus Henderson Small/Mid Cap Growth Alpha ETF, earns a solid overall rating thanks to several high-quality growth holdings like Onto Innovation, Comfort Systems USA, and Sanmina, which show strong financial health, positive earnings commentary, and supportive technical trends. These strengths are partly offset by weaker names such as Workiva, where high leverage, negative equity, and valuation concerns weigh on its contribution. The main risk factor for the fund is that many top holdings appear richly valued or overbought, which could make the ETF more sensitive to market pullbacks.

Positive Factors

Strong Top Holdings

Several of the ETF's largest positions, such as BWX Technologies and Medpace Holdings, have delivered strong year-to-date performance, supporting overall returns.

Sector Diversification

The ETF is spread across multiple sectors, including Technology, Industrials, and Financials, reducing reliance on any single industry.

Reasonable Expense Ratio

With a competitive expense ratio of 0.3%, the ETF offers relatively low costs compared to actively managed funds.

Negative Factors

High Geographic Concentration

The ETF is almost entirely focused on U.S. companies, limiting exposure to international markets and diversification.

Underperforming Holdings

Some top holdings, such as AppFolio, have shown weak performance year-to-date, which could drag on overall returns.

Sector Overweight Risk

The ETF has significant exposure to Technology and Industrials, which could increase vulnerability if these sectors face downturns.

JSMD vs. SPDR S&P 500 ETF (SPY)

AUM819.04M

RegionNorth America

Expense Ratio0.30%

Beta1.01

IssuerJanus Henderson

Inception DateFeb 23, 2016

Dividend Yield0.51%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume61,179

30 Day Avg. Volume50,769

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

96.87

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering120

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

JSMD Summary

The Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is an investment fund focused on small and mid-sized companies in the U.S. that have strong growth potential. It includes businesses from various industries like technology, healthcare, and consumer goods. Some of its top holdings are Medpace Holdings and BWX Technologies, which are leaders in their fields. This ETF is a good option for investors looking to diversify their portfolio and benefit from the agility and innovation of smaller companies. However, new investors should be aware that small and mid-cap stocks can be more volatile, meaning their value can rise or fall quickly.

How much will it cost me?The Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has an expense ratio of 0.3%, which means you’ll pay $3 per year for every $1,000 invested. This is slightly higher than the average for ETFs because it is actively managed, focusing on selecting small and mid-sized companies with growth potential. Active management typically involves more research and decision-making, which can increase costs.

What would affect this ETF?JSMD's focus on small and mid-cap growth companies in sectors like technology, industrials, and healthcare positions it to benefit from innovation and economic expansion in the U.S. However, it could face challenges from rising interest rates, which may impact growth stocks, and economic slowdowns that disproportionately affect smaller companies. Regulatory changes or sector-specific disruptions could also influence its performance.

JSMD Top 10 Holdings

The Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) leans heavily into technology and healthcare, which together make up nearly half of its portfolio. Comfort Systems and Enova International are rising stars, delivering strong financial performance and boosting the fund’s momentum. On the flip side, Workiva is lagging, weighed down by financial risks and valuation concerns. The fund’s U.S.-focused holdings showcase a mix of steady industrials and consumer cyclical names, but its concentration in growth-oriented sectors means performance hinges on innovation and market sentiment. Overall, JSMD is a bet on agility and expansion in smaller companies.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
FIX	Comfort Systems	2.88%	$22.91M	$36.62B	130.08%	80 Outperform
MEDP	Medpace Holdings	2.17%	$17.25M	$16.88B	81.50%	79 Outperform
SGI	Somnigroup International	2.11%	$16.77M	$19.42B	62.49%	72 Outperform
WK	Workiva	1.70%	$13.56M	$5.01B	-22.57%	52 Neutral
ONTO	Onto Innovation	1.67%	$13.32M	$9.36B	-3.53%	82 Outperform
ENVA	Enova International	1.64%	$13.01M	$3.91B	49.19%	71 Outperform
RHP	Ryman	1.62%	$12.85M	$5.94B	-9.15%	66 Neutral
RKLB	Rocket Lab USA	1.53%	$12.19M	$46.95B	248.13%	57 Neutral
TDC	Teradata	1.48%	$11.80M	$2.96B	0.13%	68 Neutral
JBL	Jabil	1.46%	$11.61M	$24.35B	50.69%	73 Outperform

JSMD Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

82.95

Positive

100DMA

83.24

Positive

200DMA

78.81

Positive

Market Momentum

MACD

0.77

Negative

RSI

61.97

Neutral

STOCH

92.21

Negative

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For JSMD, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 83.78, equal to the 50-day MA of 82.95, and equal to the 200-day MA of 78.81, indicating a bullish trend. The MACD of 0.77 indicates Negative momentum. The RSI at 61.97 is Neutral, neither overbought nor oversold. The STOCH value of 92.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JSMD.

JSMD Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
JSMD	―	―	$819.04M	0.30%	―
RSMC	―	―	$745.03M	0.75%	―
MSSM	―	―	$723.96M	0.57%	―
CSMD	―	―	$437.64M	0.68%	―
GRNJ	―	―	$252.35M	0.75%	―
NBSM	―	―	$211.18M	0.65%	―

Performance Comparison

JSMD

Janus Henderson Small/Mid Cap Growth Alpha ETF

86.02

9.48

12.39%

RSMC

Rockefeller U.S. Small-Mid Cap ETF

―

MSSM

Morgan Stanley Pathway Small-Mid Cap Equity ETF

―

CSMD

Congress SMid Growth ETF

―

GRNJ

Fundstrat Granny Shots US Small- & Mid-Cap ETF

―

NBSM

Neuberger Berman Small-Mid Cap ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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