Perkins Large Cap Value Fund (JPLTX)

Defensive Large-Cap Value Equities

SHARE CLASS

FUND FACTS (JPLTX)

Inception Date12/31/2008
NAV (As of 5/24/16)$15.47
Total Net Assets (As of 4/30/16)$160.04M
Annual Expense Ratio
(As of fiscal year end 6/30/15)
GROSS 0.89%
NET 0.87%

Performance (As of 3/31/16)
1 Year-1.35%
3 Year7.63%
5 Year8.01%
Since Inception11.20%
Morningstar (As of 4/30/16)
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 - Q1 2016

EXECUTIVE SUMMARY

Equity markets were volatile with several interest rate sensitive industries among the best performers.

Our more defensively positioned portfolio held up well early in the quarter, but lagged during the strong rally later in the quarter.

We added to energy and consumer staples and reduced exposure to health care.

FUND MANAGEMENT

Tom Perkins

Tom Perkins

Fund Manager since 2008
Industry since 1970

Kevin Preloger

Kevin Preloger

Fund Manager since 2008
Industry since 1997