Disciplined Value Mid Cap Fund
Actively managed U.S. stock fund
To seek long-term growth of capital with current income as a secondary objective.
The fund invests in a diversified portfolio of mid-cap stocks with value characteristics, selected by the manager through analysis of price-to-book and price-to-earnings ratios alongside operating fundamentals such as return on equity and earnings growth. The fund may concentrate up to 25% of assets in a single industry and may invest up to 20% in foreign securities and up to 15% in illiquid securities. Because security selection depends on the manager's continuous assessment of trends and fundamentals, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
1.87% | $433.37M | 4.2M | $102.25 | |
1.61% | $372.88M | 812.8K | $458.76 | |
1.58% | $366.49M | 5.5M | $66.30 | |
1.56% | $363.14M | 1.6M | $223.65 | |
1.43% | $332.79M | 1.2M | $281.68 | |
EBAYeBay Inc. | 1.41% | $328.26M | 2.9M | $111.75 |
CORCencora Inc. | 1.32% | $306.37M | 1.1M | $282.98 |
1.29% | $300.49M | 2.1M | $140.64 | |
1.28% | $297.67M | 1.4M | $216.60 | |
1.26% | $291.91M | 91.3K | $3,195.94 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 137 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.88% |
| Cash & short-term | 1.33% |
By sector
- Industrials
- 18.5%
- Financials
- 16.7%
- Consumer Discretionary
- 14.3%
- Information Technology
- 10.4%
- 10 other sectors
- 40.1%
- Industrials
- 18.5%
- Financials
- 16.7%
- Consumer Discretionary
- 14.3%
- Information Technology
- 10.4%
- Health Care
- 9.4%
- Energy
- 7.0%
- Real Estate
- 6.4%
- Materials
- 5.3%
- Utilities
- 4.7%
- Consumer Staples
- 4.1%
- Cash
- 1.3%
- Other
- 0.9%
- International
- 0.5%
- Communication Services
- 0.3%
How it has done
JVMAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.81%. Past returns are a record, not a forecast.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.10% | +24.56% | +49.74% | +50.10% | -11.01% | |
| 0.85% | +24.92% | +50.93% | +52.01% | -10.94% | |
| 1.85% | +23.69% | +46.47% | +44.60% | -11.32% | |
| 0.74% | +25.05% | +51.42% | +52.78% | -10.90% | |
| 1.24% | +24.43% | +49.13% | +49.02% | -11.10% | |
| 0.99% | +24.74% | +50.28% | +50.91% | -11.01% |
These classes hold the same portfolio, so the 8.18pp spread over 5 years is the cost difference between them — roughly 1.64pp a year — not a difference in what they own.
Fees & fund details
Disciplined Value Mid Cap Fund is an actively managed U.S. equity fund. 11% of JVMAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.74% – 1.85%· JVMAX 1.10%
- Portfolio turnover
- 49.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
11 new· the largest 8
13 exited· the largest 8
Understand how this fund fits with the rest.
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