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Name

As of 05/29/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Janus Henderson Mid Cap Value Fund

JMIVX | Fund

$16.51

$2.06 B

1.06%

$0.18

0.81%

Vitals

YTD Return

5.7%

1 yr return

21.8%

3 Yr Avg Return

4.7%

5 Yr Avg Return

8.7%

Net Assets

$2.06 B

Holdings in Top 10

23.2%

52 WEEK LOW AND HIGH

$16.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 46.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 05/29/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Janus Henderson Mid Cap Value Fund

JMIVX | Fund

$16.51

$2.06 B

1.06%

$0.18

0.81%

JMIVX - Profile

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.08%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Janus Henderson Mid Cap Value Fund
  • Fund Family Name
    Janus Henderson
  • Inception Date
    Aug 12, 1998
  • Shares Outstanding
    N/A
  • Share Class
    L
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kevin Preloger

Fund Description

The Fund pursues its investment objective by investing primarily in the common stocks of mid-sized companies and focuses on companies whose stock prices are believed to be undervalued by the Fund’s portfolio management or that have fallen out of favor with the market. The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies whose market capitalization falls, at the time of purchase, within the capitalization range of the Russell Midcap® Value Index. The market capitalizations within the index will vary, but as of June 30, 2023, they ranged from approximately $170 million to $51 billion.From time to time, the Fund may invest in shares of companies through initial public offerings.The Fund may also invest in foreign securities, as well as in real estate investment trusts (“REITs”) and similar REIT-like entities.As defensive value managers, portfolio management generally looks for companies with:•strong management teams;•strong and stable balance sheets and solid recurring free cash flows;•attractive relative and absolute valuation ratios or that have underperformed recently;•favorable reward to risk characteristics;•sustainable competitive advantages that are trading at attractive valuations; and•strong long-term prospects.Portfoliomanagement’s philosophy is to weigh a security’s downside risk before considering its upside potential, which may help provide an element of capital preservation.
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JMIVX - Performance

Return Ranking - Trailing

Period JMIVX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -4.1% 16.5% 27.10%
1 Yr 21.8% -3.0% 42.8% 30.08%
3 Yr 4.7%* -5.3% 14.1% 41.76%
5 Yr 8.7%* 0.7% 17.9% 69.69%
10 Yr 7.4%* 0.9% 11.9% 52.87%

* Annualized

Return Ranking - Calendar

Period JMIVX Return Category Return Low Category Return High Rank in Category (%)
2024 1.6% -11.3% 33.3% 85.41%
2023 -10.6% -41.6% 2.3% 27.05%
2022 6.4% -41.5% 44.9% 87.40%
2021 -2.5% -29.0% 22.1% 72.98%
2020 27.4% -8.1% 31.2% 10.92%

Total Return Ranking - Trailing

Period JMIVX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -4.1% 16.5% 27.10%
1 Yr 21.8% -3.0% 42.8% 30.08%
3 Yr 4.7%* -5.3% 14.1% 41.76%
5 Yr 8.7%* 0.7% 17.9% 69.69%
10 Yr 7.4%* 0.9% 11.9% 52.87%

* Annualized

Total Return Ranking - Calendar

Period JMIVX Return Category Return Low Category Return High Rank in Category (%)
2024 11.3% -3.7% 36.5% 59.73%
2023 -5.0% -35.0% 2.4% 21.86%
2022 19.6% 6.2% 48.3% 92.88%
2021 -1.4% -22.9% 23.2% 80.22%
2020 30.4% -3.0% 35.7% 16.38%

NAV & Total Return History

JMIVX - Holdings

Concentration Analysis

JMIVX Category Low Category High JMIVX % Rank
Net Assets 2.06 B 991 K 28 B 30.19%
Number of Holdings 75 8 2449 54.18%
Net Assets in Top 10 469 M 250 K 4.28 B 28.84%
Weighting of Top 10 23.16% 5.0% 100.2% 40.43%

Top 10 Holdings

  1. Hartford Financial Services Group Inc 2.80%
  2. Alliant Energy Corp 2.45%
  3. PNC Financial Services Group Inc COM USD5 2.38%
  4. FREEPORT-MCMORAN INC 2.37%
  5. Entergy Corp 2.34%
  6. Cardinal Health Inc 2.28%
  7. Casey's General Stores Inc 2.24%
  8. Lamar Advertising Co 2.16%
  9. Chesapeake Energy Corp 2.08%
  10. Fidelity National Information Services Inc 2.07%

Asset Allocation

Weighting Return Low Return High JMIVX % Rank
Stocks 		97.93% 52.93% 102.65% 62.53%
Other 		1.04% -0.08% 8.33% 18.87%
Cash 		0.02% 0.00% 43.04% 91.64%
Preferred Stocks 		0.00% 0.00% 5.43% 89.49%
Convertible Bonds 		0.00% 0.00% 0.02% 86.99%
Bonds 		0.00% 0.00% 27.39% 87.06%

Stock Sector Breakdown

Weighting Return Low Return High JMIVX % Rank
Industrials 		17.19% 0.00% 29.02% 36.31%
Financial Services 		15.02% 0.00% 60.11% 82.93%
Consumer Cyclical 		11.51% 0.00% 29.62% 43.90%
Healthcare 		10.99% 0.00% 32.47% 34.42%
Technology 		10.26% 0.00% 30.07% 32.25%
Real Estate 		8.34% 0.00% 40.74% 43.90%
Basic Materials 		7.81% 0.00% 23.88% 23.58%
Energy 		6.31% 0.00% 29.17% 62.06%
Communication Services 		5.28% 0.00% 19.80% 23.85%
Utilities 		5.23% 0.00% 24.69% 62.06%
Consumer Defense 		2.06% 0.00% 33.79% 93.22%

Stock Geographic Breakdown

Weighting Return Low Return High JMIVX % Rank
US 		97.93% 52.93% 102.65% 47.71%
Non US 		0.00% 0.00% 34.45% 91.64%

JMIVX - Expenses

Operational Fees

JMIVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.01% 16.92% 73.85%
Management Fee 0.45% 0.00% 1.20% 12.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

JMIVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JMIVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JMIVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 227.00% 47.20%

JMIVX - Distributions

Dividend Yield Analysis

JMIVX Category Low Category High JMIVX % Rank
Dividend Yield 1.06% 0.00% 22.79% 4.05%

Dividend Distribution Analysis

JMIVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

JMIVX Category Low Category High JMIVX % Rank
Net Income Ratio 1.08% -1.84% 4.73% 28.53%

Capital Gain Distribution Analysis

JMIVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

JMIVX - Fund Manager Analysis

Managers

Kevin Preloger

Start Date

Tenure

Tenure Rank

Apr 01, 2013

9.17

9.2%

Kevin Preloger is Co-Portfolio Manager of Janus Henderson. He was a Portfolio Manager at Perkins. He joined Perkins in 2002 as a research analyst covering the financial services sector. He was named co-portfolio manager of the Large Cap Value strategy in 2006 and became sole portfolio manager in 2018. He was named co-portfolio manager of the Mid Cap Value strategy in 2013 and the SMID Cap Value strategy in 2017. Prior to joining Perkins, he worked as an analyst at ABN AMRO/LaSalle Bank Wealth Management and covered the financial services and technology sectors during his five-year tenure at the firm. Mr. Preloger received his bachelor of arts degree in economics from Northwestern University.

Justin Tugman

Start Date

Tenure

Tenure Rank

Mar 19, 2015

7.21

7.2%

Justin Tugman, CFA, is a Co-Portfolio Manager of Janus Henderson. Mr. Tugman joined Perkins, an affiliate of Janus Capital, in June 2004. Mr. Tugman has co-managed the Small Cap Value strategy since 2009, the Mid Cap Value strategy since 2015 and the SMID Cap Value strategy since 2017. Mr. Tugman served as a research analyst through 2012, covering the energy and utility sectors upon joining Perkins in 2004. Prior to joining Perkins, he worked at Simmons & Company International as an analyst covering the energy sector during his four-year tenure at the firm. Mr. Tugman received his bachelor of science degree in finance from the University of Wyoming and an MBA with a concentration in finance from Tulane University. He holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.28 10.92

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