Perkins Mid Cap Value Fund* (JDPAX)

Data as of 3/31/2014 unless otherwise noted

Fund Overview

Defensive mid-cap value
  • Diversified portfolios of what we believe are high-quality, undervalued stocks
  • Disciplined valuation process measures downside risk before upside potential
  • Established and experienced investment team

Performance

Inception: Aug 12, 1998
1 Year
3 Year
5 Year
10 Year
Since Fund Inception
Class A Shares @NAV
15.52% 9.02% 17.26% 8.51% 12.32%
@MOP
8.90% 6.89% 15.88% 7.87% 11.89%
Russell MidCap® Value Index 22.95% 15.17% 26.35% 10.24% 10.09%

* Information Regarding Sales Charge Reductions and Waivers >

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.


Performance shown for Class A Shares at Maximum Offering Price (MOP) includes the Fund's maximum sales charge of 5.75%. Performance shown at Net Asset Value (NAV) does not include this sales charge and would have been lower had this sales charge been taken into account.


Returns quoted reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/14.


Returns greater than one year are annualized.


Morningstar Style Box™ (As of 3/31/2014)

Equity Style

Mid Blend

Portfolio Analysis

Top Holdings

% of Fund

View All Holdings (PDF)

PPL Corp. 2.70%
Republic Services, Inc. 2.27%
Canadian Pacific Railway, Ltd. (U.S. Shares) 2.24%
Plains GP Holdings L.P. - Class A 2.22%
Torchmark Corp. 2.16%
Tyco International, Ltd. (U.S. Shares) 2.10%
Allstate Corp. 1.93%
Weyerhaeuser Co. 1.90%
Laboratory Corp. of America Holdings 1.83%
Rogers Communications, Inc. - Class B 1.82%
TOTAL 21.17%

Asset Allocation

% of Fund
Asset Allocation Chart
US Common Stock 87.78%
Non-US Common Stock 7.15%
Cash & Equivalents 5.07%
Total 100.00%

Sector Allocation

Financials
30.19%
Industrials
16.21%
Health Care
10.43%
Energy
8.90%
Information Technology
7.50%
Consumer Discretionary
6.45%
Consumer Staples
5.85%
Utilities
5.44%
Materials
2.14%
Telecommunication Services
1.82%
Cash & Equivalents
5.07%
Total
100.00%
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Fund update:

Order Perkins Mid Cap Value Fund Literature Here!

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Management

Thomas M. Perkins | Jeffrey Kautz | Kevin Preloger

Tom Perkins
Thomas M. Perkins

Joined Perkins 1998
Tenure on fund: Since 1998

Read More about Thomas M. Perkins

Jeff Kautz
Jeffrey Kautz

Joined Perkins 1997
Tenure on fund: Since 2002

Read More about Jeffrey Kautz

Kevin Preloger

Joined Perkins 2002
Tenure on fund: Since 2013

Read More about Kevin Preloger

Analysis Tools powered by Morningstar™

Morningstar

Overall Morningstar Rating™ (As of 3/31/2014)

2 of 5 stars

@NAV of 365

Mid-Cap Value Funds

1 of 5 stars

@MOP of 365

Mid-Cap Value Funds

View detailed Morningstar ratings

Ratings are based on risk-adjusted returns. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics.


As of 3/31/2014

Fund Facts 

CUSIP 47103C266
Inception 08/12/1998
Total Net Assets (as of 03/31/2014) $ 9.4B
Total Number of Equity Issues 90
Total Number of Debt Issues 0
Weighted Average Market Capitalization ($ billion) $ 13.98
Portfolio Turnover Rate 57.87%
Annual Expense Ratios (as of fiscal year-end 06/30/2013)
Gross 1.00%
Net 1.00%
Alpha (3-Year-Fund) -3.92
Beta (3-Year-Fund) 0.90
R-Squared (3-Year-Fund) 96.45%
Sharpe Ratio (3-Year - Fund) .71
Sharpe Ratio (3-Year - Russell Midcap Value Index) 1.07
Standard Deviation (3-Year - Fund) 12.98
Standard Deviation (3-Year - Russell Midcap Value Index) 14.13

Please consider the charges, risks, expenses and investment objectives carefully before investing. Please see a prospectus, or if available, a summary prospectus containing this and other information. Read it carefully before you invest or send money.


Returns include reinvestment of dividends and capital gains.


A Fund's performance may be affected by risks that include those associated with nondiversification, non-investment grade debt securities, high-yield/high-risk securities, undervalued or overlooked companies, investments in specific industries or countries and potential conflicts of interest. Additional risks to a Fund may also include, but are not limited to, those associated with investing in foreign securities, emerging markets, initial public offerings, real estate investment trusts (REITs), derivatives, short sales, commodity-linked investments, and companies with relatively small market capitalizations. Each Fund has different risks. Please see a Janus prospectus for more information about risks, Fund holdings and other details.


Ratings and/or rankings may be based, in part, on the performance of a predecessor fund or share class and are calculated by Morningstar using a performance calculation methodology that differs from that used by Janus. Differences in the methodologies may lead to variances in calculating total performance returns, in some cases this variance may be significant, thereby potentially affecting the rating/ranking of the Fund[s]. The rating/rankings are displayed for informational purposes only and should not be relied upon when making investment decisions.


Class A Shares of the Fund commenced operations on 7/6/09. The historical performance shown for periods prior to 7/6/09 reflects the performance of one or more other share classes of the Fund or a predecessor fund, calculated using the fees and expenses of each respective share class without the effect of any fee and expense limitations and waivers. If each share class of the Fund had been available during periods prior to 7/6/09, the performance shown may have been different. Please refer to the Fund’s prospectus for further details concerning historical performance.


*Effective 12/31/10, Perkins Mid Cap Value Fund is closed to certain distribution channels. Please see current prospectus for details.


The Fund will normally invest at least 80% of its net assets, measured at the time of purchase, in the type of securities described by its name.


©2014 Morningstar, Inc. All Rights Reserved.


Ratings and Rankings are for the share class shown only; other classes may have different performance characteristics.


Ratings shown are for load-waived A Shares and do not include any front-end sales charge or any applicable recurring or non-recurring fees. They are intended for those investors who have access to such purchase terms and may be based, in part, on the performance of a predecessor Fund. Ratings may have been lower if the sales charge and fees were taken into account. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category that accounts for variation in a fund’s monthly performance (both with and without the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of the funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Morningstar Rating™ may differ among share classes of a mutual fund as a result of different sales loads and/or expense structures.

Past performance is no guarantee of future results. Visit janus.com/mutual funds for current month-end performance.

Mutual fund investing involves market risk. Investment return and fund share value will fluctuate and it is possible to lose money by investing.


A Fund's portfolio may differ significantly from the securities held in the index. The index is unmanaged and not available for direct investment; therefore its performance does not reflect the expenses associated with the active management of an actual portfolio.


Perkins Investment Management LLC is an indirect subsidiary of Janus Capital Group Inc. and serves as the sub-adviser on certain products.


* Perkins Mid Cap Value is closed to certain new investors.


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