Perkins Value Plus Income Fund (JPVTX)
Value-Oriented Allocation Fund Designed to Deliver Monthly Income



Inception Date7/30/2010
NAV (As of 2/27/15 )$11.55
Total Net Assets (As of 1/31/15)$51.62M
Annual Expense Ratio
(As of fiscal year end 6/30/14)
GROSS 1.25%
NET 0.93%


Distribution Yield at NAV (As of 1/31/15)

30 Day SEC Yield (As of 1/31/15)
with waivers
without waivers

Distribution FrequencyMonthly
Performance (As of 12/31/14)
1 Year9.27%
3 Year11.45%
Since Inception10.68%
Morningstar (As of 1/31/15)
CategoryModerate Allocation
Style Box
Fixed Income
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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.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/15.

Quarterly Commentary - Q4 2014


The Fund underperformed its primary benchmark, the Russell 1000 Value Index, but outperformed its blended benchmark, the Value Income Index.

We maintained our overweight in equities during the period.

While there may be more gains ahead, we believe there is also the potential for greater volatility, and therefore remain cautious in our portfolio positioning.

Going forward, we have assumed more defensive positioning in fixed income in part by reducing our credit holdings and raising our Treasury weighting.


Jeffrey Kautz, CFA

Fund Manager since 2010
Industry since 1993

Ted Thome, CFA

Fund Manager since 2010
Industry since 1998

Gibson Smith

Fund Manager since 2010
Industry since 1991

Darrell Watters

Fund Manager since 2010
Industry since 1986