If investors are looking at the Mid Cap Growth fund category, Janus Henderson Enterprise A (JDMAX) could be a potential option. JDMAX bears a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance.

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We note that JDMAX is a Mid Cap Growth fund, and this area is also loaded with many different options. Companies are usually considered growth stocks when they consistently report notable sales and/or earnings growth. Thus, Mid Cap Growth funds pick stocks–usually companies with a market cap between $2 billion and $10 billion–that demonstrate extensive growth opportunities for investors compared to their peers.

Janus Fund is based in Boston, MA, and is the manager of JDMAX. Since Janus Henderson Enterprise A made its debut in October of 2004, JDMAX has garnered more than $500.35 million in assets. The fund’s current manager, Brian Demain, has been in charge of the fund since November of 2007.

Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of 11.35%, and is in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 8%, which places it in the top 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. The standard deviation of JDMAX over the past three years is 18.53% compared to the category average of 15.12%. Over the past 5 years, the standard deviation of the fund is 20.21% compared to the category average of 16.1%. This makes the fund more volatile than its peers over the past half-decade.

Investors should not forget about beta, an important way to measure a mutual fund’s risk compared to the market as a whole. JDMAX has a 5-year beta of 1.03, which means it is likely to be as volatile as the market average. 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. JDMAX has generated a negative alpha over the past five years of -3.92, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

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