Please ensure Javascript is enabled for purposes of website accessibility US Opportunistic Alpha - Janus Henderson Investors - US Institutional
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For Institutional Investors in the US

US Opportunistic Alpha

The strategy seeks to invest with conviction in durable business models that can drive long-term capital appreciation

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Overview

About this strategy

We believe differentiated sources of long-term capital appreciation must be generated through independent thinking. We seek to invest in durable businesses whose stocks are trading at a significant discount to what we believe is their fair value, whose intrinsic value is expected to grow over time and whose management teams are aligned with shareholders.

Investment Approach

Differentiated Portfolio Construction

  • Disciplined approach to find opportunities where the business model is misunderstood, assets are undervalued or growth trajectory is underappreciated by the market
  • Seeks to generate capital appreciation through both the buying of a stock at a significant discount to intrinsic value and the compounding growth of a durable business

Diversifying Equity Asset

  • Concentrated all-cap portfolio that may serve as a diversifying equity asset not tied to the index or broad economy

Independent Thinking

  • Leverages Janus Henderson's deep fundamental research and differentiated time horizon across both the equity and fixed income teams

Portfolio Management

Nick Schommer, CFA
Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Performance

RETURNS (%) (As of 09/30/2024)
Composite Gross Composite Net S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(04/01/2000)
Composite Gross 12.10 19.80 34.64 6.19 14.96 10.59 9.01
Composite Net 11.91 19.19 33.73 5.46 14.19 9.85 8.27
S&P 500® Index 5.89 22.08 36.35 11.91 15.97 13.38 7.66
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars unless otherwise stated. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes (if any and unless otherwise noted), and reflect the reinvestment of dividends and other earnings.
High absolute short-term performance is not typical and may not be achieved in the future. Such results should not be the sole basis for evaluating material facts in making an investment decision.
The gross performance results presented do not reflect the deduction of investment advisory fees. Returns will be reduced by such advisory fees and other expenses as described in the individual contract and, where applicable, Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy and may be higher or lower than model fees. Returns for each client will be reduced by such fees and expenses as described in the individual contract and, where applicable, in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period, contact us.
RETURNS (%) (As of 11/30/2024)
Composite Gross Composite Net S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(04/01/2000)
Composite Gross 10.00 26.33 38.05 8.66 14.28 10.76 9.18
Composite Net 9.81 25.54 37.12 7.91 13.51 10.03 8.44
S&P 500® Index 7.15 28.07 33.89 11.43 15.76 13.34 7.81
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars unless otherwise stated. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes (if any and unless otherwise noted), and reflect the reinvestment of dividends and other earnings.
High absolute short-term performance is not typical and may not be achieved in the future. Such results should not be the sole basis for evaluating material facts in making an investment decision.
The gross performance results presented do not reflect the deduction of investment advisory fees. Returns will be reduced by such advisory fees and other expenses as described in the individual contract and, where applicable, Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy and may be higher or lower than model fees. Returns for each client will be reduced by such fees and expenses as described in the individual contract and, where applicable, in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period, contact us.
Calendar Year Returns (%)
Composite Gross Composite Net S&P 500® Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Composite Gross 22.44 -20.85 21.97 28.75 44.08 -3.41 6.06 9.14 -12.24 18.19
Composite Net 21.60 -21.41 21.13 27.95 43.19 -4.02 5.39 8.45 -12.90 17.50
S&P 500® Index 26.29 -18.11 28.71 18.40 31.49 -4.38 21.83 11.96 1.38 13.69
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars unless otherwise stated. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes (if any and unless otherwise noted), and reflect the reinvestment of dividends and other earnings.
The gross performance results presented do not reflect the deduction of investment advisory fees. Returns will be reduced by such advisory fees and other expenses as described in the individual contract and, where applicable, Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy and may be higher or lower than model fees. Returns for each client will be reduced by such fees and expenses as described in the individual contract and, where applicable, in Form ADV Part 2A.

Documents

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