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JMID

GradeBNASDAQ

Janus Henderson Mid Cap Growth Alpha ETF

Active Equity · Janus Henderson · Inception 2024-09-17

$31.48−0.19 (−0.61%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Sep 18, 2024.
Intraday session: down, 59 prints from 31.67 to 31.48. Range 31.34 to 31.60. Use the arrow keys to read each point.$31.40$31.6010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$24M
1Y return
+4.3%
Yield · Last 12 months
0.56%
Holdings
93
Volume · 30D
0M sh
NAV per share
$31.69
52W range
low $27.25high $33.06

The ETF.net JMID Grade

B

57/ 100

Rank 14 of 48 in US Active Small/Mid-Cap⁠

Confidence Medium

Six-pillar profile for JMID. Scores out of 100: Cost 89, Risk 20, Mission not scored, Tradability 40, Holdings 49, Durability 49. Strongest: Cost (89). Weakest: Risk (20). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 57 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 89
    Category rank6/48 · top 13%

  • 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.
    FScore 20
    Category rank41/44 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 40
    Category rank32/48 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 49
    Category rank30/48 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 49
    Category rank27/48 · mid-pack

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

Our read on JMID

ETF.net Research

BMid-cap growth run by model, not by gut: Janus Henderson's proprietary factor process picks roughly 80 names against the Russell Midcap Growth Index, priced well under what the typical active US stock ETF charges.

Stated mandate

JMID seeks long-term growth of capital. It is an actively managed mid-cap growth ETF using a systematic, proprietary-factor process that combines quantitative and fundamental methods to pursue alpha and manage risk.

Why people hold it

  1. 010.30% a year, against a 0.65% median for active US equity ETFs. Genuine security selection at close to index-fund pricing.
  2. 02A systematic, proprietary-factor process blends quantitative and fundamental inputs to pursue alpha and manage risk, so the portfolio rests on a repeatable method rather than one manager's convictions.janushenderson.com
  3. 03Roughly 80 mid-cap holdings measured against the Russell Midcap Growth Index: concentrated enough to look different from the benchmark, spread out enough that one stumble isn't fatal.janushenderson.com
  4. 04Pays quarterly, and on cost and portfolio construction it stands among the stronger builds in the active US equity group we cover.

Worth knowing

  1. 01Launched in 2024 and still small, with light daily volume. Spreads can widen, which is worth knowing before you place an order.
  2. 02The short history means less evidence on how the model handles a full market cycle than older active funds can show.
  3. 03Not the cheapest door to this style: FEMG is benchmarked to the same Russell Midcap Growth Index at 0.23%.

JMID Holdings

As of Sep 22, 2026, 9:30 PM
Asset class
Stocks
Holdings
93
Top-10 weight
25%
Largest holding
DXCM2.8%

Sectors

  • Technology37.0%
  • Industrials15.7%
  • Health Care13.1%
  • Consumer Discr.12.3%
  • Financials7.5%
  • Communication4.8%
  • Materials3.2%
  • Energy2.1%
  • Real Estate2.0%
  • Utilities1.3%
  • Cons. Staples1.2%

Geography

  • United States95.94%
  • Australia1.45%
  • Cayman Islands1.14%
  • Netherlands0.67%
  • United Kingdom0.55%
  • Bermuda0.25%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001DXCMDexCom, Inc.2.81%7,512$670K365
002FIXComfort Systems USA, Inc.2.80%408$666K393
003SNOWSnowflake, Inc.2.78%1,951$662K321
004HALOHalozyme Therapeutics, Inc.2.50%5,348$596K200
005TERTeradyne, Inc.2.46%1,535$586K421
006LITELumentum Holdings, Inc.2.41%602$575K385
007GDDYGoDaddy, Inc. Class A2.26%5,139$538K265
008NTAPNetApp, Inc.2.24%2,693$534K410
009EXPEExpedia Group, Inc.2.22%1,881$529K377
010EQHEquitable Holdings, Inc.2.04%9,011$485K141
011DDOGDatadog, Inc. Class A2.03%1,975$484K425
012ITGartner, Inc.1.91%2,482$455K234
013WDAYWorkday, Inc. Class A1.85%2,291$440K389
014GENGen Digital Inc.1.85%15,075$439K285
015AMPAmeriprise Financial, Inc.1.81%803$430K347

Showing 1–15 of 94 holdings

JMID Performance

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

JMID$10,426
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. JMID $10,426. SPY $11,723. Use the arrow keys to read each point.$8,724$10,355$11,987Sep 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 JMID. Periods over one year show the average yearly return.
PeriodJMID
Year to date+9.1%
1 month−1.9%
3 months+1.7%
1 year+4.3%
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 JMID
YearReturn barJMID
2026 YTD+9.1%
2025+5.6%
2024+11.4%

History from Sep 18, 2024

JMID in the news

JMID 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.
0.56%Last 12 months
Payout per share
$0.18Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 7 payments from 2024 to 2026 YTD. Dec 20, 2024 $0.03; Mar 31, 2025 $0.05; Jun 30, 2025 $0.07; Sep 30, 2025 $0.03; Dec 19, 2025 $0.08; Mar 31, 2026 $0.03; Jun 30, 2026 $0.04. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 30, 2026Jul 7, 2026$0.04
Mar 31, 2026Apr 7, 2026$0.03
Dec 19, 2025Dec 26, 2025$0.08
Sep 30, 2025Oct 6, 2025$0.03
Jun 30, 2025Jul 7, 2025$0.07
Mar 31, 2025Apr 4, 2025$0.05
Dec 20, 2024Dec 27, 2024$0.03

JMID Risk

How much the fund’s monthly returns vary, scaled to a year.
17.9%
Annualised · 23 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.
0.53
vs 3-month T-bills · 23 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.
−25.6%
24 months · trough Apr 2025
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.
1.16
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.

JMID Cost

Expense ratio0.30%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

5 of the 47 US Active Small/Mid-Cap funds charge less.

JMID costs $30.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $55.00.