Registry rank 324 · Portfolio as of 2026-03-31

Janus Henderson Forty Fund

JACCX · JACTX · JARTX · JCAPX · JDCAX · JDCRX · JFRDX · JFRNX

Best-fit active share45.9%vs IWF · fund as of 2026-03-31 · proxy as of 2026-03-31
Declared-benchmark active share63.9%Russell 1000® Index · benchmark mismatch · fund as of 2026-03-31 · proxy as of 2026-03-31 · declared source as of 2025-09-30
JACCX expense ratio1.64%SEC expense filing · as of 2025-09-30
JACCX fee per active unit3.58%expense as of 2025-09-30; fund as of 2026-03-31; proxy as of 2026-03-31

Filed fees in dollars

SEC-convention illustration

Computed from SEC filings

Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.

Illustrated difference between each class’s filed expense ratio and the computed index-control baseline. Computed from SEC filings.
Share class and filing10 years20 years30 years
JACCX1.64% · SEC expense filing · as of 2025-09-30$23,571$71,160$161,451
JACTX0.80% · SEC expense filing · as of 2025-09-30$11,839$37,129$87,378
JARTX1.05% · SEC expense filing · as of 2025-09-30$15,420$47,810$111,267
JCAPX0.64% · SEC expense filing · as of 2025-09-30$9,505$30,034$71,193
JDCAX0.88% · SEC expense filing · as of 2025-09-30$12,993$40,600$95,204
JDCRX1.31% · SEC expense filing · as of 2025-09-30$19,064$58,412$134,405
JFRDX0.67% · SEC expense filing · as of 2025-09-30$9,945$31,380$74,283
JFRNX0.56% · SEC expense filing · as of 2025-09-30$8,327$26,408$62,827

Real trailing windows

Computed on licensed market-return history

Trailing windows use IWF adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.

Dollar fee drag over actual trailing proxy-return windows. Each result below is computed on licensed market-return history.
Share class and filing10 years20 years30 years
JACCXFiled fee as of 2025-09-30$62,509Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$291,838Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window
JACTXFiled fee as of 2025-09-30$31,282Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$151,495Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window
JARTXFiled fee as of 2025-09-30$40,790Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$195,375Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window
JCAPXFiled fee as of 2025-09-30$25,100Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$122,422Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window
JDCAXFiled fee as of 2025-09-30$34,345Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$165,740Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window
JDCRXFiled fee as of 2025-09-30$50,484Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$239,079Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window
JFRDXFiled fee as of 2025-09-30$26,265Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$127,933Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window
JFRNXFiled fee as of 2025-09-30$21,980Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$107,588Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window

These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.

Change the illustration

Return mode

Computed from SEC filings

Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. JACCX SEC expense filing, as of 2025-09-30. Methodology.

SEC-convention illustration for JACCX; expense ratio filed as of 2025-09-30.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$193,664
Difference attributed to fee drag$71,160

This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.

Largest active differences vs IWF

The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.

HoldingFundIWFDifference
APPLE INC.5.90%11.66%-5.76%
AMAZON.COM, INC.9.30%4.67%+4.64%
Eaton Corporation PLC4.00%0.00%+4.00%
TESLA, INC.0.00%3.55%-3.55%
HOWMET AEROSPACE INC.3.84%0.33%+3.50%
ORACLE CORPORATION4.29%0.89%+3.40%
Mercadolibre Inc3.05%0.00%+3.05%
DRAFTKINGS INC.2.39%0.04%+2.36%
DATADOG, INC.2.17%0.13%+2.04%
Danaher Corporation1.97%0.00%+1.97%

Source and verification

SEC N-PORT filing · filed 2026-05-29 · period 2026-03-31

SEC expense filing · period 2025-09-30

Immutable verification record · Active-share method

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Janus Henderson Forty Fund — best-fit active share,” 45.9% versus IWF, fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/jaccx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

JACCX filed expense ratio

Sensible Investor, “Janus Henderson Forty Fund — filed expense ratio,” 1.64% for JACCX, as of 2025-09-30. https://sensible-investor.com/registry/jaccx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

JACCX fee per active unit

Sensible Investor, “Janus Henderson Forty Fund — fee per unit of active management,” 3.58% using the JACCX expense ratio as of 2025-09-30 and fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/jaccx/as-of/363649da-fcfb-4007-87ef-de06de7710ca