Janus Henderson Enterprise Division

Portfolio Composition

as of 02/28/2025

Asset Type	Net	Short	Long
U.S. Stocks	76.19%	0.0%	76.19%
Non-U.S. Stocks	20.08%	0.0%	20.08%
Cash	3.73%	0.0%	3.73%
Total	100%

Top 10 Holdings

as of 02/28/2025

What's this?

% of Net Assets

Constellation Software Inc	5.21
SS&C Technologies Holdings Inc	3.78
Boston Scientific Corp	3.45
GoDaddy Inc Class A	3.14
Intact Financial Corp	3.05
Flex Ltd	2.69
AppLovin Corp Ordinary Shares - Class A	2.45
LPL Financial Holdings Inc	2.44
Teledyne Technologies Inc	2.37
Liberty Media Corp Registered Shs Series -C- Formula One	2.26

Total*: 30.83

*Values may exceed 100% if both long and short positions are included in the portfolio

Morningstar Style Box™

as of 02/28/2025

What's this?

Stock Sector Breakdown

as of 02/28/2025

What's this?

% of Net Assets

Cyclical

18.51

Basic Materials	1.40
Consumer Cyclical	4.27
Financial Svcs	11.15
Real Estate	1.69

Defensive

21.35

Consumer Defensive	0.45
Healthcare	15.90
Utilities	5.00

Sensitive

60.14

Comm Svcs	4.20
Energy	1.38
Industrials	15.98
Technology	38.58

Analysis

as of 02/28/2025

Average Market Cap (mil):	$23,042.79
Price/Earnings Ratio:	20.02
Price/Book Ratio:	3.28
Price/Cash Flow Ratio:	13.57
Turnover Ratio:	14.00%
# Stock Holdings:	76
# Bond Holdings:	0
# Other Holdings:	1
Total # of Holdings:	77

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