JRE

Janus Henderson U.S. Real Estate ETF

JRE is an actively managed fund of real-estate and real estate-related companies in the United States.


US

EQUITY

Active

MANAGEMENT STYLE

26.5 M

ASSETS UNDER MGMT

65 bp

EXPENSES
Fund Basics
Fund sponsorJanus Henderson
CategoryUS
Asset classEquity
Websitelink...
Inception dateJun 22, 2021
Assets (mns)$26
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
EQUINIX INC 10.4 %
REALTY INCOME CORP 8.1 %
WELLTOWER, INC. 7.9 %
PUBLIC STORAGE 7.4 %
PROLOGIS INC 6.9 %
AVALONBAY COMMUNITIES INC 4.7 %
CUBESMART 4.7 %
EASTGROUP PROPERTIES INC 4.3 %
FIRST INDUSTRIAL REALTY TR 3.9 %
KILROY REALTY CORP 3.8 %
Constituent Breakdown
Number of holdings24
Herfindahl-Hirschman Index 548
Wgt avg mkt cap (mns)$33,469
Large cap (>$10bn)66.5%
Mid cap ($2-10bn)33.5%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 94.1 %
CANADA 2.9 %
Historical Performance


Standardized Performance (as of 10/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 11.5% 31.8% 11.7% -- -- -- 0.2%
Volatility 14.7% 16.0% 18.2% 20.3% 21.3% 21.3% --
Market Correlations
versus...BetaR-squared
S&P 5001.0068%
MSCI EAFE0.9867%
MSCI Emg Mkts0.7639%
Liquidity Measures
Avg. volume (000)1
Turnover0.1%
Avg. Bid/Ask (% of price)0.24%
ADV of underlying (mns)$3,424
Technical Indicators
Recent close$25.23
30d moving avg.$25.60
Annualized volatility21.1%
Relative strength (RSI)51
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: JRE vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
5.8 17.4 2.0 3.4% --
Based on closing prices from 11/21/2024
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SHOWING:
Price-to-Earnings
JRE



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

JRE

5.6%

Cat. Avg

5.4%


ALTAR Score™ Calculation

Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™ of 5.4% and a standard deviation of 2.4%. JRE's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places JRE in the 53rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

JRE
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
JRE (65 bp) Percentile rank 50
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
JRE 65.0 24.2 89.2
Peer Avg. 67.8 48.9 116.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .