Perkins Large Cap Value Fund (JPLTX)

Defensive Large-Cap Value Equities

SHARE CLASS

FUND FACTS (JPLTX)

Inception Date12/31/2008
NAV (As of 8/26/16)$16.04
Total Net Assets (As of 7/31/16)$162.95M
Annual Expense Ratio
(As of fiscal year end 6/30/15)
GROSS 0.89%
NET 0.87%

Performance (As of 6/30/16)
1 Year2.28%
3 Year7.75%
5 Year8.68%
Since Inception11.22%
Morningstar (As of 7/31/16)
CategoryLarge Value
Equity
Style Box

Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold. For the most recent month-end performance click here.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/16.

Quarterly Commentary - Q2 2016

EXECUTIVE SUMMARY

Equity markets rallied then encountered significant volatility following the UK’s decision to exit the EU.

Our more defensively positioned portfolio appreciated in the quarter but lagged the index primarily due to stock selection in financials and a relative underweight in energy.

We added to energy and basic materials stocks while paring back our consumer staples exposure.

FUND MANAGEMENT

Tom Perkins

Tom Perkins

Fund Manager since 2008
Industry since 1970

Kevin Preloger

Kevin Preloger

Fund Manager since 2008
Industry since 1997