Janus Detroit Street Trust Janus Henderson Small Cap Growth Alpha ETF

JSML is a US Equities ETF. Janus Small Cap Growth Alpha ETF (JSML) seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Henderson Small Cap Growth Alpha Index. The Underlying Index, Janus Small Cap Growth Alpha Index, is composed of common stocks of small-sized companies that are selected by the index provider, Janus Index & Calculation Services LLC ( Janus Index Services or the Index Provider ), from those companies included in the Solactive Small Cap Index, a universe of 2,000 small-sized capitalization stocks. The Underlying Index is designed to select small-sized capitalization stocks that are poised for smart growth by evaluating each company s performance in three critical areas: growth, profitability, and capital efficiency. The Index Provider scores such stocks based on fundamental measures of their growth, profitability, and capital efficiency, and selects the top 10% of such eligible stocks scoring the highest using a proprietary quantitative methodology. To arrive at the top 10%, for each security in the stated universe, the quantitative methodology assigns a score in each of 10 different fundamental factors, relative to other eligible securities. The fundamental factors include measures that Janus Capital believes are tied to a stock s outperformance relative to other small cap stocks, and indicate a company s performance with respect to growth (such as the revenue growth rate over 2- 5- and 8- year periods), profitability (such as margin expansion, profit margin and earnings per share over time) and capital efficiency (such as returns on invested capital). The scores for each factor are then added together, with equal weighting, to arrive at an overall score. The stocks with the highest 10% of scores are then weighted within the Underlying Index according to their market capitalization. Finally, the stocks are sector-weighted to reflect the sector allocation weight of Janus Venture Fund, based on its most recent publicly available holdings.

JSML tracks the Janus Henderson Small Cap Growth Alpha Index.

No, JSML is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JSML is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JSML is -0.0508%. This is the percent change in the value of JSML over the most recent 1-month period. The 3-month return on JSML is -0.0642%. This is the percent change in the value of JSML over the most recent 3-month period.

The standard deviation of JSML for the past year is 0.2435%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JSML include VIG, VYM, and DFAS.

ETFs correlated to JSML include IWO, VTWG, and JSMD.

ETFs that are inversely correlated to JSML include TWM, SRTY, and TZA.