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JHAI

GradeBNASDAQ Global Market

Janus Henderson Global Artificial Intelligence ETF

Themes · Janus Henderson · Inception 2025-08-19

$35.11−0.37 (−1.06%)

As of Sep 23, 2026, 2:23 PM EDT

History starts Aug 19, 2025.
Intraday session: down, 26 prints from 35.48 to 35.11. Range 34.89 to 35.48. Use the arrow keys to read each point.$35.00$35.20$35.4010 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$30M
1Y return
+30.2%
Yield · Last 12 months
Data unavailable
Holdings
46
Volume · 30D
0M sh
NAV per share
$35.48
52W range
low $24.41high $36.93

The ETF.net JHAI Grade

B

56/ 100

Rank 10 of 30 in Artificial Intelligence⁠

Confidence Medium

Six-pillar profile for JHAI. Scores out of 100: Cost 72, Risk 50, Mission not scored, Tradability 56, Holdings 28, Durability 43. Strongest: Cost (72). Weakest: Holdings (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 72
    Category rank10/30 · top 33%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank17/27 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 56
    Category rank13/30 · top 43%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 28
    Category rank24/27 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank20/30 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on JHAI

ETF.net Research

BA 2025-launched global AI fund that hunts outside the usual US mega-cap roster, running a high-conviction lineup measured against a blend of world tech and growth rather than a narrow rules-based AI index.

Stated mandate

JHAI seeks long-term capital appreciation through a high-conviction portfolio focused on companies positioned to benefit from advances in artificial intelligence and innovation.

Why people hold it

  1. 01Costs 0.59% a year, under the typical fee for an AI-theme ETF.
  2. 02Global by mandate: it looks for AI beneficiaries across world markets, not only the US names everyone already owns.
  3. 03Measured against a 50/50 blend of MSCI ACWI IT and ACWI Growth, so stock picking drives the portfolio instead of a mechanical AI screen.
  4. 04Distributions land on a quarterly schedule.

Worth knowing

  1. 01Launched in August 2025, so the live record is short, and the fund is small and lightly traded, which can mean wider gaps between bid and ask.
  2. 02Cheaper AI-theme options exist, including XAIX at 0.35% and QTUM at 0.40%.
  3. 03High conviction means concentrated. Fewer holdings, so any single name's move hits the fund harder.

JHAI Holdings

As of Sep 22, 2026, 9:30 PM
Asset class
Stocks
Holdings
46
Top-10 weight
61%
Largest holding
TSM15.3%

Geography

  • United States69.58%
  • Taiwan (Province of China)15.77%
  • Netherlands7.55%
  • Singapore2.06%
  • Japan1.50%
  • Ireland1.24%
  • Sweden0.91%
  • Israel0.72%
  • Other countries (2)0.67%

Developed 46% · Emerging 54% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSMTaiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR15.32%10,238$5M268
002NVDANVIDIA Corporation13.72%17,963$4M828
003MSFTMicrosoft Corporation5.50%3,270$2M792
004MUMicron Technology, Inc.5.45%1,556$2M655
005LRCXLam Research Corporation3.85%3,800$1M591
006AMDAdvanced Micro Devices, Inc.3.78%1,830$1M618
007ASMLASML Holding NV Sponsored ADR3.72%648$1M199
008AMZNAmazon.com, Inc.3.52%4,058$1M720
009AVGOBroadcom Inc.3.19%2,614$950K732
010—US DOLLARS2.89%860,072$860K67
011NBISNebius Group N.V. Class A2.79%3,570$831K185
012KLACKLA Corporation2.63%4,263$784K506
013SNOWSnowflake, Inc.2.51%2,201$747K321
014GOOGAlphabet Inc. Class C2.37%2,014$707K471
015DEDeere & Company2.29%995$681K348

Showing 1–15 of 47 holdings

JHAI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

JHAI$13,019
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. JHAI $13,019. SPY $11,723. Use the arrow keys to read each point.$8,585$11,243$13,902Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JHAI. Periods over one year show the average yearly return.
PeriodJHAI
Year to date+30.5%
1 month+5.1%
3 months−3.2%
1 year+30.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JHAI
YearReturn barJHAI
2026 YTD+30.5%
2025+9.2%

Since listing, Aug 19, 2025

JHAI in the news

ETF.net Research hasn’t filed on JHAI yet — coverage lands here as it’s written.

JHAI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 3 payments from 2025 to 2026 YTD. Sep 30, 2025 $0.0048; Dec 19, 2025 $0.08; Mar 31, 2026 $0.02. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Mar 31, 2026Apr 7, 2026$0.02
Dec 19, 2025Dec 26, 2025$0.08
Sep 30, 2025Oct 6, 2025$0.0048

JHAI Risk

How much the fund’s monthly returns vary, scaled to a year.
29.5%
Annualised · 12 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.00
vs 3-month T-bills · 12 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−19.4%
13 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.79
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

JHAI Cost

Expense ratio0.59%
  • The middle half of Artificial Intelligence funds
  • Median 0.65%

8 of the 30 Artificial Intelligence funds charge less.

JHAI costs $59.00 a year on $10,000. The median Artificial Intelligence fund costs $65.00.