Perkins Small Cap Value Fund (JSCVX)

Defensive Small-Cap Value Equities

SHARE CLASS

FUND FACTS (JSCVX)

Inception Date10/21/1987
NAV (As of 9/23/16)$20.92
Total Net Assets (As of 8/31/16)$1.67B
Annual Expense Ratio
(As of fiscal year end 6/30/15)
GROSS 0.81%
NET 0.81%

Performance (As of 6/30/16)
1 Year1.63%
3 Year8.90%
5 Year8.02%
10 Year8.18%
Morningstar (As of 8/31/16)
CategorySmall Value
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

370 Funds Rated
Analyst Rating
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

Our more defensively positioned portfolio appreciated in the quarter but lagged the index largely due to our utilities underweight, a speculative bounce in low-quality materials stocks, and health care stock selection.

We added to financials via REITs and insurance and pared back health care and industrials.

FUND MANAGEMENT

Tom Reynolds

Tom Reynolds

Fund Manager since 2013
Industry since 1999

Justin Tugman, CFA

Justin Tugman, CFA

Fund Manager since 2009
Industry since 2000

Bob Perkins

Robert Perkins

Fund Manager since 1987
Industry since 1966