Janus Henderson Research Fund
JNRFX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Janus Henderson Research Fund (JNRFX) is an actively managed large-cap growth mutual fund that seeks long-term growth of capital by investing primarily in common stocks selected for their growth potential, including companies of any market capitalization from larger, well-established firms to small, emerging growth companies. The fund employs a bottom-up, pure stock-picking approach leveraging the best ideas from Janus Henderson's global research sector teams, which construct high-conviction portfolios within sectors aligned to the Russell 1000 Growth Index benchmark to minimize macro risks while emphasizing fundamental analysis of industry-leading companies with strong brand power, enduring business models, and competitive positioning; top holdings as of August 2025 include NVIDIA Corp (15.13%), Microsoft Corp (13.15%), and Apple Inc (6.68%). It offers Class D shares with an expense ratio of 0.67%, a minimum initial investment of $2,500, annual turnover of approximately 27%-33%, and serves individual investors, financial advisors, and institutions seeking U.S. equity growth exposure. The fund, incepted on May 3, 1993, operates as part of Janus Henderson Investors, the investment management arm of Janus Henderson Group plc, a British-American global asset manager formed by the 2017 merger of Janus Capital Group (founded 1969 in Denver, Colorado) and Henderson Global Investors (roots in 1934, London). Janus Henderson Group plc, headquartered in the City of London, United Kingdom, with key U.S. operations historically centered in Denver and over 2,000 employees across 24-25 offices worldwide, manages approximately $373 billion in assets as of March 2025 across equities, fixed income, multi-asset, and alternatives for individual, intermediary, and institutional clients globally. Recent developments at Janus Henderson include strategic expansions into private markets and alternatives, such as the October 2024 acquisition of Victory Park Capital Advisors (VPC), a global private credit manager enhancing securitized credit and institutional client offerings; the September 2024 formation of Janus Henderson Emerging Markets Private Investments Ltd following the acquisition of NBK Capital Partners' team from the Middle East; and a June 2025 partnership with Guardian Life Insurance Company to manage its $45 billion investment-grade public fixed income portfolio while co-developing multi-asset model portfolios. In July 2025, the firm announced the closure and liquidation of the Janus Henderson U.S. Sustainable Equity ETF (SSPX) after a product review, with trading halted in October 2025. Additionally, in October 2025, Janus Henderson Group plc confirmed a non-binding $7.2 billion acquisition proposal from Trian Partners and General Catalyst, prompting the board to form a special committee for review. These moves reflect ongoing efforts to diversify capabilities, bolster private credit and emerging markets expertise, and adapt product offerings amid market evolution.