Perkins Small Cap Value Fund (JNPSX)
Defensive Small-Cap Value Equities

FUND SNAPSHOT (JNPSX)

Who Should Consider This Fund?

Investors looking to gain exposure to undervalued small-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 aggressive

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 Date10/21/1987
NAV (As of 4/28/17)$22.56
Daily NAV Change$-0.27
Daily NAV % Change-1.18%
Total Net Assets (As of 3/31/17)$2.61B
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 1.05%
NET 1.05%
Morningstar Fee Level
(As of 3/31/17)
Fee Level Group
(out of 458 funds)
Small Cap No Load

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

Morningstar (As of 3/31/17)
CategoryUS Fund Small Value
Overall Rating™
(Based on risk-adjusted returns)
353 Funds Rated
View all Ratings
Analyst Rating
Equity
Style Box
Performance (As of 3/31/17)
YTD (As of 4/28/17) 1.99%
1 Year 23.93%
3 Year 9.66%
5 Year 12.00%
10 Year 8.83%

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 small-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 3/31/17. Index represents the Russell 2000® Value Index.

TOP HOLDINGS (% of Fund)

UniFirst Corp/MA 3.34
Banner Corp 3.06
Cedar Fair LP 2.87
Prosperity Bancshares Inc 2.38
First Hawaiian Inc 2.21
Black Hills Corp 2.16
Hanover Insurance Group Inc 2.12
MGM Growth Properties LLC 1.95
Sally Beauty Holdings Inc 1.83
Mammoth Energy Services Inc 1.73
TOTAL23.65

SECTOR ALLOCATION (%)

 FUNDINDEX
Financials 26.11 32.27
Industrials 19.10 12.85
Consumer Discretionary 8.78 9.81
Materials 7.91 4.85
Real Estate 7.56 9.99
Information Technology 7.36 10.34
Consumer Staples 6.53 2.77
Energy 5.73 5.43
Health Care 4.13 4.73
Utilities 2.79 6.34
Cash & Equivalents 4.00 -

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 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