Perkins Mid Cap Value Fund (JNMCX)
Defensive Mid-Cap Value Equities

Closed to certain new investors.

FUND SNAPSHOT (JNMCX)

Who Should Consider This Fund?

Investors looking to gain exposure to undervalued mid-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 Date8/12/1998
NAV (As of 3/22/17)$16.95
Daily NAV Change$0.02
Daily NAV % Change0.12%
Total Net Assets (As of 2/28/17)$4.19B
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 0.53%
NET 0.53%
Morningstar Fee Level
(As of 2/28/17)
Fee Level Group
(out of 352 funds)
Mid Cap No Load

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

Closed to certain new investors.

Morningstar (As of 2/28/17)
CategoryUS Fund Mid-Cap Value
Overall Rating™
(Based on risk-adjusted returns)
338 Funds Rated
View all Ratings
Analyst Rating
Equity
Style Box
Performance (As of 12/31/16)
YTD (As of 3/22/17) 2.85%
1 Year 18.82%
3 Year 7.67%
5 Year 11.67%
10 Year 7.08%

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 mid-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.

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 2/28/17. Index represents the Russell Midcap® Value Index.

TOP HOLDINGS (% of Fund)

Synopsys Inc 3.11
Conagra Brands Inc 2.63
XL Group Ltd 2.53
Torchmark Corp 2.48
Crown Holdings Inc 2.35
Noble Energy Inc 2.33
Lamar Advertising Co 2.21
Check Point Software Technologies Ltd 2.18
Invesco Ltd 2.10
BWX Technologies Inc 2.07
TOTAL23.99

SECTOR ALLOCATION (%)

 FUNDINDEX
Financials 18.14 20.15
Industrials 15.36 12.79
Information Technology 10.92 9.19
Materials 10.78 6.14
Real Estate 10.14 13.97
Consumer Staples 7.82 3.29
Energy 7.48 9.50
Health Care 6.03 4.14
Utilities 5.01 11.08
Consumer Discretionary 4.62 8.41
Cash & Equivalents 3.70 -

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 1998
Industry since 1970

Kevin Preloger

Kevin Preloger

Fund Manager since 2013
Industry since 1997

Justin Tugman, CFA

Justin Tugman, CFA

Fund Manager since 2015
Industry since 2000