Janus Henderson Mid Cap Growth Alpha ETF
JMID
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- Janus Henderson Mid Cap Growth Alpha ETF (JMID) is an actively managed exchange-traded fund that seeks long-term capital growth by investing at least 80% of its net assets in equity securities of mid-capitalization U.S. companies exhibiting growth characteristics; it employs a proprietary systematic strategy combining quantitative factors and fundamental stock selection to generate alpha while managing risk through portfolio optimization, monitored tracking error, and controlled exposures. The fund's portfolio, comprising approximately 82 holdings as of late September 2025, features top positions in companies such as Cencora, Inc., Royal Caribbean Group, Ameriprise Financial, Inc., Ares Management Corporation, and Roblox Corp.; sector allocations emphasize finance, technology services, and diversified growth-oriented industries across North American markets. Launched on September 17, 2024, and domiciled in the United States with shares listed on NASDAQ, JMID is issued by Janus Henderson Investors US LLC, with portfolio management led by Benjamin Wang and Zoey Zhu; as of mid-December 2025, total net assets stand at approximately $26.5 million, with a net expense ratio of 0.30%. In alignment with broader strategic developments at Janus Henderson, the firm announced in March 2025 plans to update its related Growth Alpha ETFs—Small Cap Growth Alpha ETF (JSML) and Small/Mid Cap Growth Alpha ETF (JSMD)—to actively managed strategies mirroring JMID's systematic process, with changes effective mid-May 2025 following approvals, enhancing the suite's active equity offerings. Janus Henderson has pursued growth through key acquisitions and partnerships, including the August 2024 agreement to acquire Victory Park Capital, a global private credit manager, expected to close in Q4 2024 and bolster alternatives capabilities; a multifaceted April 2025 strategic partnership with Guardian Life Insurance Company, involving management of $45 billion in investment-grade fixed income assets, up to $400 million in seed capital for fixed income innovation, and co-development of multi-asset model portfolios; and earlier 2024 deals in ETFs and emerging markets to expand product wrappers and client solutions. These initiatives reflect Janus Henderson's focus on scaling active ETF platforms, fixed income, and institutional insurance relationships, positioning JMID within an expanding ecosystem of 14 active ETFs managing over $26.5 billion in AUM as of year-end 2024.