Janus Henderson Enterprise Fund

Janus Henderson Enterprise Fund

JDMRX
Janus Henderson Enterprise FundUS flagNASDAQ
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Capital Structure

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Working Capital

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Quarterly Dividends Per Share

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Business
Janus Henderson Enterprise Fund (JDMRX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in common stocks of mid-cap companies selected for their sustainable growth potential, strong competitive advantages, and large addressable markets; it emphasizes a moderate growth approach to achieve lower volatility relative to the Russell Midcap Growth Index, focusing on resilient business models across sectors such as technology (32.30%), industrials (17.78%), and healthcare (13.10%). The fund offers multiple share classes including Class R (JDMRX, with a net expense ratio of 1.42% and minimum initial investment of $2,500), Class I (JMGRX), Class N (JDMNX), and Class T (JAENX), providing exposure to a diversified portfolio with top holdings like Constellation Software Inc (4.36%), SS&C Technologies Holdings Inc (3.65%), Flex Ltd (3.48%), Applovin Corp (3.42%), and Intact Financial Corp (2.88%); asset allocation includes 75.34% U.S. stocks, 20.67% non-U.S. stocks (primarily Canada at 11.87%), and 3.99% cash. Managed by Brian Demain since November 2007 and Philip Cody Wheaton since July 2016, the fund maintains a low portfolio turnover of 14% and total net assets exceeding $23 billion as of late 2025, targeting institutional and retail investors in the U.S. market within the Mid-Cap Growth category. Launched on July 6, 2009 for the Class R shares (with the broader Enterprise Fund inception tracing to September 1992), it operates from Janus Henderson's headquarters in Denver, Colorado, as part of the Janus Henderson Investors platform domiciled in the United States. In recent developments, Janus Henderson has pursued strategic growth through acquisitions such as Tabula Investment Management in 2024 to expand European ETF capabilities and a partnership with NBK Wealth to form an emerging markets private capital division; the firm launched Charitable Investment Accounts powered by Givinga technology in September 2025 to enhance client philanthropic options. These initiatives reflect broader company expansions in active ETFs, fixed-income offerings, and illiquid assets amid robust quarterly results, including third-quarter 2025 operating income of $172 million, while the Enterprise Fund itself continues to deliver strong risk-adjusted performance, ranking in the top half of its Morningstar Mid-Cap Growth peer group over 10 years as of September 30, 2025.