Small Cap Growth fund seekers should consider taking a look at Janus Henderson Triton T (JATTX). JATTX has a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.

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JATTX is part of the Small Cap Growth category, and this segment boasts an array of many other possible options. Small Cap Growth mutual funds usually focus their portfolios on stocks with large growth opportunities and a market cap of under $2 billion. These portfolios tend to feature small companies in up-and-coming industries and markets.

Janus Fund is based in Boston, MA, and is the manager of JATTX. Since Janus Henderson Triton T made its debut in February of 2005, JATTX has garnered more than $1.56 billion in assets. The fund’s current manager is a team of investment professionals.

Of course, investors look for strong performance in funds. JATTX has a 5-year annualized total return of 7.41% and is in the bottom third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 2.26%, which places it in the middle third during this time-frame.

It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.

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When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, JATTX’s standard deviation comes in at 19.53%, compared to the category average of 15.19%. The fund’s standard deviation over the past 5 years is 21.95% compared to the category average of 16.26%. This makes the fund more volatile than its peers over the past half-decade.

Investors should note that the fund has a 5-year beta of 1.09, so it is likely going to be more volatile than the market at large. Because alpha represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. The fund has produced a negative alpha over the past 5 years of -7.79, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, JATTX is a no load fund. It has an expense ratio of 0.90% compared to the category average of 0.98%. From a cost perspective, JATTX is actually cheaper than its peers.

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