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Launched

Janus Henderson Mid Cap Growth Alpha ETF

JMIDNasdaqJanus HendersonB

$30.45−0.15 (−0.48%)

At close: Nov 2, 2026, 4:00 PM ET

B60/ 100

Rank 14 of 47 in US Active Small/Mid-Cap

B60/100Rank 14 of 47inUS Active Small/Mid-Cap
Intraday session: down, 79 prints from 30.60 to 30.45. Range 30.42 to 31.00. Use the arrow keys to read each point.30.7030.8030.9031.0010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$22M
1Y total return
+3.6%
Yield · Last 12 months
0.54%
Holdings
94
Avg volume · 30D
3.91K sh
52W range
low $27.25high $33.06
Launched

The ETF.net JMID Grade

Based on 5 of 6 pillars

B

Score 60 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
14 of 47
Six-pillar profile for JMID. Scores out of 100: Cost 91, Risk 27, Mission not scored, Tradability 46, Holdings 44, Durability 49. Strongest: Cost (91). Weakest: Risk (27). Based on 5 of 6 pillars.

Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A91 out of 100
    Rank 5 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D27 out of 100
    Rank 39 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 26 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 35 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 25 of 47

Our read on JMID

ETF.net Research

In short

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

  • 0.30% a year, against a 0.65% median for active US equity ETFs. Genuine security selection at close to index-fund pricing.
  • A 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
  • Roughly 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
  • Pays quarterly, and on cost and portfolio construction it stands among the stronger builds in the active US equity group we cover.

Worth knowing

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

JMID Holdings

Holdings pillarC44 out of 100Rank 35 of 47 in US Active Small/Mid-Cap
Asset class
Stocks
Holdings
94
Top-10 weight
26%
Largest holding
MPC3.7%

Sectors

  • Technology36.0%
  • Industrials17.0%
  • Consumer Discretionary14.4%
  • Health Care12.2%
  • Financials5.5%
  • Energy4.7%
  • Communication2.9%
  • Utilities2.9%
  • Materials2.2%
  • Consumer Staples2.0%
  • Real Estate0.4%

Geography

  • United States99.55%
  • United Kingdom0.45%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1MPCMarathon Petroleum Corporation3.71%1,727$768K410
2CORCencora, Inc.3.49%2,178$721K344
3VSTVistra Corp.2.92%4,358$603K350
4EXPEExpedia Group, Inc.2.63%1,903$544K395
5ROKRockwell Automation, Inc.2.38%1,130$493K356
6DXCMDexCom, Inc.2.38%5,971$491K375
7ITGartner, Inc.2.32%2,093$479K249
8GDDYGoDaddy, Inc. Class A2.30%4,049$475K276
9KEYSKeysight Technologies Inc2.19%1,474$453K383
10SYYSysco Corporation2.18%5,449$452K335
11CARTMaplebear Inc.2.13%7,814$441K221
12GENGen Digital Inc.2.12%15,041$438K303
13HEI.AHEICO Corporation Class A2.12%1,833$438K110
14TERTeradyne, Inc.2.07%1,558$427K431
15DDOGDatadog, Inc. Class A2.03%1,784$420K436

Showing 1–15 of 94 holdings

JMID Performance

Launched Sep 17, 2024

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

Not enough history yet.Not enough history yet.Not enough history yet.
JMID$10,363
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. JMID $10,363. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+5.5%
1 month−1.8%
3 months+0.3%
1 year+3.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+5.5%
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 Oct 30, 2026.
0.54%Last 12 months
Payout per share
$0.16Last 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 history

2024–2026

One bar per payment. 8 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; Sep 30, 2026 $0.02. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 6, 2026$0.02
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

$10,000 in JMID 1 year ago paid $55.52 in dividends.

JMID Risk

Risk pillarD27 out of 100Rank 39 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
17.3%
Annualised · 25 months to Oct 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.
0.38
vs 3-month T-bills · 25 months to Oct 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%
25 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.

FMP measures it over up to five years of monthly returns.

JMID Cost

Compare JMID and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$2,400

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JMID 0.30%

    $6,149

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • JMID 0.30%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530JMID $6,149AVMC $3,749

Year by year

YearJMIDAVMCOverpaying
10$545$328$217
20$2,113$1,281$832
30$6,149$3,749$2,400

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