Perkins Large Cap Value Fund (JNPLX)
Defensive Large-Cap Value Equities

FUND SNAPSHOT (JNPLX)

Who Should Consider This Fund?

Investors looking to gain exposure to undervalued large-cap companies but who prefer a defensive approach focused on minimizing losses while still participating in up markets.

Asset ClassDomestic Equity
Share Class D
RISK TOLERANCE SPECTRUM
target risk moderate

Funds are placed on the risk tolerance spectrum to demonstrate the wide spectrum of risk levels among asset classes in which they are expected to typically invest. The spectrum is for informational purposes only, is not intended to be forward looking and is subject to change. 

Fund Facts
Inception Date12/31/2008
NAV (As of 1/20/17)$15.58
Daily NAV Change$0.07
Daily NAV % Change0.45%
Total Net Assets (As of 12/31/16)$165.72M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 0.81%
NET 0.75%

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/17.

Morningstar (As of 12/31/16)
CategoryUS Fund Large Value
Overall Rating™
(Based on risk-adjusted returns)
1088 Funds Rated
View all Ratings
Equity
Style Box
Performance (As of 12/31/16)
YTD (As of 1/20/17) 1.10%
1 Year 12.20%
3 Year 6.36%
5 Year 11.58%
Since Inception 11.47%

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.

Client Commitment

This defensive large-cap value fund seeks to provide attractive returns over a full market cycle by mitigating losses in down markets while participating in up markets. The strategy focuses on high-quality companies with strong balance sheets and stable earnings trading at attractive valuations.

Client Commitment Video

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 12/31/16. Index represents the Russell 1000® Value Index.

TOP HOLDINGS (% of Fund)

Exxon Mobil Corp 3.38
Pfizer Inc 3.24
Johnson & Johnson 2.95
Wells Fargo & Co 2.92
US Bancorp 2.88
Citigroup Inc 2.59
Oracle Corp 2.58
Verizon Communications Inc 2.55
Conagra Brands Inc 2.47
PPL Corp 2.42
TOTAL27.98

SECTOR ALLOCATION (%)

 FUNDINDEX
Financials 23.26 26.79
Health Care 12.70 10.22
Consumer Staples 11.21 8.04
Information Technology 10.26 9.40
Energy 9.90 13.63
Industrials 7.91 10.03
Consumer Discretionary 4.68 4.54
Materials 4.38 2.83
Telecommunication Services 3.84 3.86
Utilities 3.52 6.04
Real Estate 3.23 4.62
Cash & Equivalents 5.11 -

Why Invest in the Fund

PARTICIPATE AND MITIGATE

Our disciplined valuation process measures downside risk before upside potential and invests in companies with favorable reward/risk ratios. With this approach we seek to limit losses during market downturns and participate during up markets.

HIGH-QUALITY ON SALE

The Fund seeks to buy high-quality companies trading at a discount that can withstand an economic downturn given their balance sheet strength, earnings stability and operating efficiency.

RESULTS WITH HISTORICALLY LESS VOLATILITY

Focused on mitigating losses in down market conditions while participating in up markets, the Fund is designed to compound strong returns over a full market cycle with lower volatility than the index.

FUND MANAGEMENT

Tom Perkins

Tom Perkins

Fund Manager since 2008
Industry since 1970

Kevin Preloger

Kevin Preloger

Fund Manager since 2008
Industry since 1997