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

24.8 M

ASSETS UNDER MGMT

65 bp

EXPENSES
Fund Basics
Fund sponsorJanus Henderson
CategoryUS
Asset classEquity
Websitelink...
Inception dateJun 22, 2021
Assets (mns)$25
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 9.0 %
PUBLIC STORAGE 7.8 %
REALTY INCOME CORP 7.0 %
DIGITAL REALTY TRUST INC 5.9 %
PROLOGIS INC 5.4 %
AVALONBAY COMMUNITIES INC 4.9 %
WELLTOWER, INC. 4.7 %
VENTAS INC 4.7 %
EASTGROUP PROPERTIES INC 4.6 %
UDR INC 4.3 %
Constituent Breakdown
Number of holdings25
Herfindahl-Hirschman Index 498
Wgt avg mkt cap (mns)$30,079
Large cap (>$10bn)73.1%
Mid cap ($2-10bn)26.9%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 93.4 %
CANADA 2.8 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 3.0% 12.1% 5.6% 0.6% -- -- 5.6%
Volatility 16.4% 15.8% 17.3% 20.2% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9565%
MSCI EAFE0.9465%
MSCI Emg Mkts0.7339%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.24%
ADV of underlying (mns)$2,397
Technical Indicators
Recent close$23.60
30d moving avg.$24.13
Annualized volatility20.2%
Relative strength (RSI)46
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
  2020 2021 2022 2023 2024 2025E 2026E  
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
  2024 2025E Fwd Est 2026E
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 --%
6.0 38.9 2.8 3.8% --
Based on closing prices from 4/3/2025
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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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

ALTAR Score™

JRE

1.7%

Cat. Avg

6.0%


ALTAR Score™ Calculation

Category Overview
There are 952 funds in the US Equity category, with an average ALTAR Score™ of 6.0% and a standard deviation of 3.0%. JRE's ALTAR Score™ is approximately 1.5 standard deviations below the category average. This places JRE in the 7th 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. 66.2 47.6 113.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .