ATLASJanus Henderson Small Cap Growth Alpha ETF (JSML): outlook, holdings and fees
Janus Henderson Small Cap Growth Alpha ETF (JSML) is an exchange-traded fund and is managed by Janus Henderson. The expense ratio is 0.29% and the yield is 0.31%. The ten largest holdings are 18% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on JSML
| Last price | $87.60 (-2.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $84.82 – $91.19 |
| Normal 1-day range (±1σ) | ±1.2% |
| Distribution yield | 0.31% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
JSML fund facts
| Issuer | Janus Henderson |
|---|---|
| Theme | US small caps |
| Assets under management | $358M |
| Expense ratio | 0.29% |
| Number of holdings | 50 |
| Portfolio turnover | 103% |
| Inception | Feb 23, 2016 |
| Exchange | NASDAQ |
The fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small-sized capitalization ("small cap") companies selected for their growth potential. For purposes of the 80% policy, the fund's managers consider small cap companies to be those whose market capitalization falls within the 12-month range of the Russell 2000TM Growth Index.
JSML top holdings
| Holding | Sector | Weight |
|---|---|---|
| CommVault Systems Inc CVLT | Technology | 2.03% |
| Option Care Health Inc OPCH | Healthcare | 1.93% |
| Zurn Elkay Water Solutions Corporation ZWS | Industrials | 2.01% |
| Ryman Hospitality Properties Inc RHP | Real Estate | 1.87% |
| Concentra Group Holdings Parent, Inc. CON | Healthcare | 1.91% |
| Cactus Inc WHD | Energy | 1.69% |
| Qualys Inc QLYS | Technology | 1.65% |
| Enersys ENS | Industrials | 1.69% |
| TriNet Group Inc TNET | Industrials | 1.63% |
| Victory Capital Holdings Inc VCTR | Financial Services | 1.55% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
JSML sector breakdown
| Sector | Weight |
|---|---|
| Healthcare | 26.0% |
| Technology | 24.6% |
| Industrials | 14.1% |
| Financial Services | 9.3% |
| Consumer Cyclicals | 7.7% |
| Energy | 5.4% |
| Basic Materials | 5.2% |
| Communication Services | 3.7% |
| Consumer Defensive | 2.0% |
| Real Estate | 2.0% |
By region: North America 98.9%, United Kingdom 0.6%, Latin America 0.4%.
JSML returns and risk
| Year to date | +17.8% |
|---|---|
| 1 year | +18.3% |
| 3 years (annualised) | +21.9% |
| 5 years (annualised) | +6.9% |
| 10 years (annualised) | +12.0% |
| Volatility (3 years) | 21.0% |
| Sharpe ratio (3 years) | 0.70 |
Past returns do not guarantee future results.
JSML: frequently asked questions
What does JSML invest in?
Janus Henderson Small Cap Growth Alpha ETF invests in a portfolio of securities. Its largest holdings are CommVault Systems Inc (2.0%), Option Care Health Inc (1.9%), Zurn Elkay Water Solutions Corporation (2.0%), Ryman Hospitality Properties Inc (1.9%), Concentra Group Holdings Parent, Inc. (1.9%).
What is the JSML expense ratio?
0.29% a year: about $29.00 for every $10,000 invested.
What is the JSML dividend yield?
0.31%. ATLAS does not hold the exact distribution dates for ETFs.
Will JSML go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $84.82 to $91.19 from $87.60 today. It is a probability, not a prediction.
How has JSML performed?
Year to date +17.8%, one year +18.3%, three years +21.9% a year, five years +6.9% a year. Past returns do not guarantee future results.
Similar ETFs: US small caps
Educational information, not investment advice. Disclaimer