The Fund Grade · free · no account needed

What grade does JGMAX get?

Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.

Fundprints Fund Grade · as of 2026-09-01

Janus Henderson Triton Fund Class A

#340 of 440 graded active funds · blend · mid segment peer group

The point · specialist footprint

JGMAX puts less of its book behind proven specialists than 88% of graded funds.

● Bottom 20%

Bottom 40%

Middle

Top 40%

Top 20%

beat the S&P in 22% of quarters+3.8 pts/qtr better · 43% beat rate

That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8 points per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.

2,825 graded funds · 2.7 years of filings, measured as they were published · evidence, not advice

3 funds in the same segment carry an A — members see the names and what they charge. See the alternatives →

The grade scores this fund's specialist share — the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.

Conviction exposure

of the book in specialist-converged names

Late-stage weight

35.1%

of the book in Crowded or Fading names

Active share

94.8%

how far it strays from the index

The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.

Inside the book — top names by stage · as of 2026-09-09

Early Conviction

GKOS 2.1%LPLA 1.6%STRL 1.3%+4 locked

Consensus

FLEX 2.2%LGND 1.9%OSIS 1.8%+34 locked

Emerging

LRN 1.3%INSM 0.7%CSL 0.7%+4 locked

Crowded

SSNC 2.1%CASY 1.8%LGN 1.5%+14 locked

Fading

TDY 2.7%ASTS 2.5%RTO 2%+22 locked

see the names driving this grade, and how early each one is →

Watch this fund — free →X-ray what's inside →

We email you the day it crosses 50% crowded, and where you stand every month.

Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.

The read · what to do with it

Support leaving these positions

TDY 2.7% of the fund · Fading

ASTS 2.5% of the fund · Fading

SSNC 2.1% of the fund · Crowded

RTO 2% of the fund · Fading

GMED 1.8% of the fund · Fading

Where it's genuinely early

GKOS 2.1% of the fund · Early Conviction

LPLA 1.6% of the fund · Early Conviction

LRN 1.3% of the fund · Emerging

Same family, higher grade

JMGRX · B — Janus Henderson Enterprise Fund JORIX · C — Janus Henderson Global Select Fund JMCVX · C — Janus Henderson Mid Cap Value Fund - T Shares

Read from today's disclosed book. Evidence, not advice.

The evidence base updates this week.

The specialists — not the whales — are already positioned for what comes next. Stop finding out last.

Create your free account

No card required · open the feed in 30 seconds