Janus Henderson Research Fund
JRAIX
NASDAQ- -
USD
- -
- -
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Denver CO 80206 Denver CO United States of America 80206
- IPO Date
- Jul 6, 2009
- CIK
- 0000277751
- Website
- janushenderson.com
- Similar Companies
- Business
- Janus Henderson Research Fund (JRAIX) is an open-end equity mutual fund managed by Janus Henderson Investors US LLC 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 smaller emerging growth companies; it employs a bottom-up stock-picking approach leveraging the best ideas from global research sector teams across technology, communications, consumer, industrials and materials, financials, health care, and energy and utilities; top holdings as of September 30, 2025, include NVIDIA Corp (15.17%), Microsoft Corp (12.57%), Apple Inc (6.58%), Broadcom Inc (5.80%), and Meta Platforms Inc (5.02%), with approximately 83 equity holdings, a weighted average market cap of $1.88 trillion, and sector allocations closely aligned to the Russell 1000 Growth Index benchmark while emphasizing high-conviction positions. The fund, which is non-diversified, may also seek additional income through securities lending to qualified broker-dealers and institutions up to one-third of total assets; it offers multiple share classes including Class I (JRAIX), Class A (JRAAX), Class C (JRACX), Class N (JRANX), Class R (JRARX), Class S (JRASX), and Class T (JAMRX), with net expense ratios ranging from 0.64% for Class I to 0.86% for Class A as of the latest prospectus; total net assets stood at $28.60 billion as of September 30, 2025, with an annual turnover of 32.77% and a Morningstar rating of four stars overall among 1,024 large growth funds. Launched on May 3, 1993, and domiciled in the United States, the fund focuses on U.S. large-cap growth equities (98.96% U.S. stocks), benchmarking against the Russell 1000 Growth Index and S&P 500 Index, with minimal non-U.S. exposure (1.67% developed, 0.38% emerging markets) and cash equivalents at 0.15%. In recent developments, portfolio management transitioned to Joshua Cummings, CFA, and John Jordan, both since January 2024, reflecting a strategic emphasis on sector specialist leadership; Janus Henderson, the fund's manager, has pursued significant expansions including the October 2024 acquisition of Victory Park Capital Advisors for global private credit capabilities, the September 2024 formation of Janus Henderson Emerging Markets Private Investments Ltd via the NBK Capital Partners team, the July 2024 acquisition of Tabula Investment Management to enhance ETF offerings in EMEA, the June 2025 partnership with Guardian Life Insurance Company to manage a $45 billion fixed income portfolio and develop multi-asset solutions, and the ongoing June 2023 joint venture with Privacore Capital for alternative investments distribution to private wealth clients.