Janus Henderson Mid Cap Value Fund
Fund
JMVCX
Price as of:
$15.84
- $0.04
- 0.25%
Primary Theme
fund company
Name
As of 01/24/2025Price
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
Vitals
YTD Return
3.9%
1 yr return
16.8%
3 Yr Avg Return
8.2%
5 Yr Avg Return
6.8%
Net Assets
$2.06 B
Holdings in Top 10
23.0%
52 WEEK LOW AND HIGH
$15.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.76%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 46.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/24/2025Price
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
JMVCX - Profile
Distributions
- YTD Total Return 3.9%
- 3 Yr Annualized Total Return 8.2%
- 5 Yr Annualized Total Return 6.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.24%
- Dividend Yield 9.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameJanus Henderson Mid Cap Value Fund
-
Fund Family NameJanus Henderson Funds
-
Inception DateAug 12, 1998
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin 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, 2024, they ranged from approximately $170 million to $78.43 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.Portfolio management’s philosophy is to weigh a security’s downside risk before considering its upside potential, which may help provide an element of capital preservation.As part of its investment process, portfolio management considers environmental, social, and governance (“ESG”) risks and opportunities (“ESG Factors”) that it believes are financially material, alongside other fundamental investment factors. Examples of potential financially material ESG Factors include corporate governance, company culture, exposure to climate change, and human capital management. To assess ESG Factors, portfolio management uses issuer reports, third-party data, and internally-generated analyses and may engage directly with issuers. ESG Factors are one of many considerations in the investment decision-making process and may not be determinative in deciding to include or exclude an investment from the portfolio.
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JMVCX - Performance
Return Ranking - Trailing
| Period | JMVCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -2.0% | 8.4% | 54.42% |
| 1 Yr | 16.8% | 5.3% | 42.9% | 45.74% |
| 3 Yr | 8.2%* | 1.6% | 18.1% | 45.69% |
| 5 Yr | 6.8%* | 1.8% | 18.7% | 91.79% |
| 10 Yr | 7.1%* | 1.7% | 11.5% | 81.32% |
* Annualized
Return Ranking - Calendar
| Period | JMVCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 2.8% | -41.0% | 26.3% | 48.30% |
| 2023 | 1.2% | -11.3% | 33.3% | 88.03% |
| 2022 | -10.9% | -41.6% | 1.2% | 29.97% |
| 2021 | 5.5% | -41.5% | 44.9% | 93.35% |
| 2020 | -2.4% | -29.0% | 22.1% | 70.88% |
Total Return Ranking - Trailing
| Period | JMVCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -2.0% | 8.4% | 54.42% |
| 1 Yr | 16.8% | 5.3% | 42.9% | 45.74% |
| 3 Yr | 8.2%* | 1.6% | 18.1% | 45.69% |
| 5 Yr | 6.8%* | 1.8% | 18.7% | 91.79% |
| 10 Yr | 7.1%* | 1.7% | 11.5% | 81.32% |
* Annualized
Total Return Ranking - Calendar
| Period | JMVCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 12.2% | 0.7% | 30.6% | 36.93% |
| 2023 | 10.3% | -1.7% | 36.5% | 77.49% |
| 2022 | -5.9% | -35.0% | 2.4% | 29.39% |
| 2021 | 18.4% | 6.2% | 48.3% | 94.22% |
| 2020 | -2.4% | -22.9% | 23.2% | 84.12% |
NAV & Total Return History
JMVCX - Holdings
Concentration Analysis
| JMVCX | Category Low | Category High | JMVCX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.06 B | 991 K | 28 B | 28.69% |
| Number of Holdings | 73 | 8 | 2270 | 57.10% |
| Net Assets in Top 10 | 494 M | 349 K | 4.42 B | 27.27% |
| Weighting of Top 10 | 22.98% | 5.0% | 100.2% | 41.48% |
Top 10 Holdings
- Entergy Corporation COM USD0.01 2.86%
- Alliant Energy Corporation COM USD0.01 2.73%
- Casey'S General Stores Inc. COM NPV 2.63%
- Freeport-McMoRan Inc. COM USD0.10 2.45%
- Lamar Advertising Company COM USD0.001 CL A 2.22%
- Chesapeake Energy Corporation COM 2.10%
- Agree Realty Corp COM USD0.0001 2.07%
- The Hartford Financial Services Group, Inc. COM USD0.01 2.06%
- Wintrust Financial Corporation COM NPV 1.97%
- Fox Corporation COM USD0.01 CL B 1.91%
Asset Allocation
| Weighting | Return Low | Return High | JMVCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.45% | 55.64% | 100.58% | 51.70% |
| Other | 1.59% | -0.02% | 7.98% | 10.23% |
| Preferred Stocks | 0.00% | 0.00% | 1.98% | 55.40% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 53.14% |
| Cash | 0.00% | 0.00% | 27.43% | 96.88% |
| Bonds | 0.00% | 0.00% | 19.09% | 55.40% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JMVCX % Rank | |
|---|---|---|---|---|
| Industrials | 17.19% | 0.00% | 29.02% | 36.57% |
| Financial Services | 15.02% | 0.00% | 60.11% | 82.00% |
| Consumer Cyclical | 11.51% | 0.00% | 29.62% | 44.57% |
| Healthcare | 10.99% | 0.00% | 32.47% | 31.71% |
| Technology | 10.26% | 0.00% | 30.07% | 32.86% |
| Real Estate | 8.34% | 0.00% | 40.74% | 44.57% |
| Basic Materials | 7.81% | 0.00% | 23.88% | 23.43% |
| Energy | 6.31% | 0.00% | 22.31% | 60.57% |
| Communication Services | 5.28% | 0.00% | 19.80% | 21.14% |
| Utilities | 5.23% | 0.00% | 24.69% | 61.71% |
| Consumer Defense | 2.06% | 0.00% | 33.79% | 92.57% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JMVCX % Rank | |
|---|---|---|---|---|
| US | 98.45% | 55.64% | 100.58% | 44.03% |
| Non US | 0.00% | 0.00% | 33.46% | 63.07% |
JMVCX - Expenses
Operational Fees
| JMVCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.76% | 0.06% | 25.08% | 12.54% |
| Management Fee | 0.61% | 0.00% | 1.20% | 30.40% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 93.01% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| JMVCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.00% | 54.29% |
Trading Fees
| JMVCX 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.
| JMVCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 46.00% | 0.00% | 227.00% | 47.50% |
JMVCX - Distributions
Dividend Yield Analysis
| JMVCX | Category Low | Category High | JMVCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 9.19% | 0.00% | 22.79% | 6.27% |
Dividend Distribution Analysis
| JMVCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| JMVCX | Category Low | Category High | JMVCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.24% | -1.84% | 4.73% | 81.95% |
Capital Gain Distribution Analysis
| JMVCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 10, 2024 | $1.456 | OrdinaryDividend |
| Dec 10, 2024 | $0.020 | CapitalGainShortTerm |
| Dec 10, 2024 | $1.436 | CapitalGainLongTerm |
| Dec 11, 2023 | $0.035 | OrdinaryDividend |
| Dec 11, 2023 | $1.247 | CapitalGainLongTerm |
| Dec 22, 2022 | $0.814 | OrdinaryDividend |
| Dec 22, 2021 | $1.968 | OrdinaryDividend |
| Dec 21, 2020 | $0.003 | OrdinaryDividend |
| Dec 19, 2019 | $0.230 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.041 | CapitalGainShortTerm |
| Dec 20, 2018 | $1.745 | CapitalGainLongTerm |
| Dec 21, 2017 | $1.890 | CapitalGainLongTerm |
| Dec 21, 2016 | $0.160 | CapitalGainShortTerm |
| Dec 21, 2016 | $1.420 | CapitalGainLongTerm |
| Dec 21, 2015 | $3.588 | CapitalGainLongTerm |
| Dec 21, 2015 | $0.101 | OrdinaryDividend |
| Dec 19, 2014 | $0.338 | CapitalGainShortTerm |
| Dec 19, 2014 | $4.417 | CapitalGainLongTerm |
| Dec 19, 2014 | $0.297 | OrdinaryDividend |
| Dec 19, 2013 | $0.379 | CapitalGainShortTerm |
| Dec 19, 2013 | $2.691 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.084 | OrdinaryDividend |
| Dec 20, 2012 | $0.783 | CapitalGainLongTerm |
| Dec 20, 2012 | $0.042 | OrdinaryDividend |
| Dec 22, 2011 | $0.142 | CapitalGainShortTerm |
| Dec 22, 2011 | $1.491 | CapitalGainLongTerm |
| Dec 20, 2010 | $0.004 | OrdinaryDividend |
JMVCX - 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 | 8.15 | 10.92 |