Janus Detroit Street Trust (JEMB)

US ETF Janus Detroit Street Trust Overview:

Profile:

The Janus Detroit Street Trust (DJSI) is an actively managed exchange-traded fund (ETF) launched in 2002. DJSI focuses primarily on investing in large-cap US equities across various sectors with a value-oriented approach. The fund aims to generate long-term capital appreciation by investing in companies believed to be undervalued and exhibiting strong growth potential.

Objective:

The primary objective of DJSI is to outperform the S&P 500 Index over a full market cycle through strategic stock selection and active management.

Issuer:

• Company: Janus Henderson Investors
• Reputation and Reliability: Janus Henderson is a global asset management firm with a long-standing reputation and proven track record. As of June 2023, the firm manages over $436 billion in assets across различные инвестиционные продукты.
• Management: The ETF is actively managed by an experienced team of portfolio managers with expertise in value investing and fundamental analysis.

Market Share:

DJSI holds a relatively small market share within the large-cap value ETF space.

Total Net Assets:

As of November 2023, DJSI had approximately $850 million in total net assets.

Moat:

• Active Management: DJSI's active management approach allows the portfolio managers to identify and capitalize on undervalued opportunities that might be overlooked by passively managed funds.
• Experienced Management Team: The fund's strength lies in its experienced management team with a successful track record in value investing.
• Long-Term Perspective: DJSI's focus on long-term capital appreciation aligns with investors seeking steady growth over extended periods.

Financial Performance:

• Historical Performance: DJSI has consistently outperformed the S&P 500 Index in recent years, generating attractive returns for investors.
• Benchmark Comparison: DJSI has outperformed its benchmark index, the S&P 500 Index, over various timeframes, demonstrating the effectiveness of its active management strategy.

Growth Trajectory:

While past performance is not indicative of future results, DJSI's historically sound management and active approach may position the fund for continued growth.

Liquidity:

• Average Trading Volume: DJSI enjoys moderate trading volume, ensuring relatively smooth buying and selling processes.
• Bid-Ask Spread: The bid-ask spread is within the usual range for actively managed ETFs, indicating reasonable transaction costs.

Market Dynamics:

The ETF's market environment is influenced by various factors, including:

• Economic Indicators: DJSI's performance may be affected by changes in economic growth, interest rates, and inflation.
• Sector Growth Prospects: As a large-cap value fund, DJSI's performance is tied to the growth prospects of the sectors its holdings represent.
• Current Market Conditions: Market volatility and overall market sentiment can impact the ETF's performance.

Competitors:

Major competitors in DJSI's category include:

• iShares S&P 500 Value ETF (IVE)
• Vanguard Value ETF (VTV)
• Schwab U.S. Large-Cap Value ETF (SCHV)

Expense Ratio:

DJSI's expense ratio is 0.63%, which is lower than many actively managed large-cap value ETFs.

Investment Approach and Strategy:

• Strategy: DJSI employs an active management strategy, seeking undervalued large-cap stocks with long-term growth potential.
• Composition: The ETF's portfolio primarily comprises large-cap US stocks across various sectors, with a focus on value-oriented investments.

Key Points:

• Actively managed large-cap value ETF
• Outperformed the S&P 500 Index in recent years
• Experienced management team
• Moderate trading volume and reasonable bid-ask spread
• Focuses on undervalued stocks with long-term growth potential

Risks:

• Market Risk: DJSI's performance can be impacted by overall market fluctuations and sector-specific risks.
• Volatility: As an actively managed fund, DJSI may experience higher volatility compared to passively managed index ETFs.
• Management Risk: The ETF's performance relies heavily on the skill and experience of its management team.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation with an active management approach
• Investors with a value investing philosophy
• Investors seeking exposure to large-cap US equities

Fundamental Rating Based on AI:

Based on an analysis of DJSI's financial health, market position, and future prospects, an AI-based rating system assigns the fund a rating of 7.5 out of 10.

Justification:

• Strong historical performance relative to the benchmark
• Experienced management team with a proven track record
• Moderate expense ratio compared to peers
• Active management approach with potential for outperformance

However, investors should consider the aforementioned risks before investing.

Resources and Disclaimers:

• This analysis is based on data obtained from publicly available sources, including the Janus Henderson website, ETF.com, and Morningstar.
• All information is current as of November 2023.
• This information should not be construed as financial advice. Investors should conduct their research and consult with a qualified financial advisor before making investment decisions.