Janus Henderson Mid Cap Value Fund
Janus Investment Fund · 8 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Janus Henderson Mid Cap Value Fund is an actively managed U.S. equity fund. 6% of JMCVX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
Janus Henderson Mid Cap Value Fund seeks capital appreciation.
The fund invests at least 80% of assets in common stocks of mid-sized companies within the Russell Midcap Value Index's market capitalization range, selecting those believed undervalued or out of favor and screening for strong management, stable balance sheets, solid free cash flows, and sustainable competitive advantages. The portfolio management approach emphasizes downside risk assessment before upside potential and incorporates consideration of financially material environmental, social, and governance factors alongside fundamental analysis. Because security selection depends on the portfolio manager's assessments of valuation and fundamental quality, fund holdings and performance may diverge from the Russell Midcap Value Index.
| Share class | Expense ratio |
|---|---|
| JMCVX | 1.06% |
| JDPAX | 1.20% |
| JMVCX | 1.94% |
| JMVAX | 0.91% |
| JDPRX | 1.57% |
| JMVIX | 1.32% |
| JNMCX | 0.94% |
| JDPNX | 0.81% |
Portfolio turnover 40.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.04% |
| Cash & short-term | 1.95% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 18.0% |
| Financials | 17.0% |
| Information Technology | 12.7% |
| Materials | 10.2% |
| 8 smaller | 42.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Largest new: Everest Group Ltd., Axis Capital Holdings Ltd., LivaNova plc, IFF, Royal Bank of Canada/New York NY Joint Repurchase Agreement, ING Financial Markets LLC Joint Repurchase Agreement, Fabrinet, OC
Largest exited: EG, AXS, FN, MKTX, LIVN, GMED, ELS, Hologic Inc
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| +26.04% | +38.45% | +59.61% | 11.28% | -12.14% | |
| +25.86% | +37.94% | +58.35% | 11.27% | -12.22% | |
| +25.01% | +35.21% | +53.22% | 11.32% | -12.48% | |
| +26.15% | +39.04% | +60.69% | 11.28% | -12.08% | |
| +25.41% | +36.48% | +55.61% | 11.32% | -12.33% | |
| +25.76% | +37.44% | +57.52% | 11.29% | -12.30% | |
| +26.14% | +38.86% | +60.46% | 11.30% | -12.15% | |
| +26.28% | +39.56% | +61.56% | 11.34% | -12.07% |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| LNT | Alliant Energy Corp.LNT | 2.96% | $76.29 | $59.76M | 783.3K |
| LFUS | Littelfuse, Inc.LFUS | 2.69% | $455.33 | $54.37M | 119.4K |
| LAMR | Lamar Advertising Co.LAMR | 2.49% | $155.98 | $50.36M | 322.8K |
| — | Everest Group Ltd. | 2.26% | $357.23 | $45.76M | 128.1K |
| PNC | PNC Financial Services Group, Inc. (The)PNC | 2.20% | $246.22 | $44.45M | 180.5K |
| WTFC | Wintrust Financial Corp.WTFC | 2.15% | $160.72 | $43.45M | 270.3K |
| ADC | Agree Realty Corp.ADC | 2.14% | $75.74 | $43.30M | 571.7K |
| PPL | PPL Corp.PPL | 1.94% | $36.35 | $39.26M | 1.1M |
| FCX | Freeport-McMoRan, Inc.FCX | 1.88% | $62.89 | $37.95M | 603.4K |
| FOX | Fox Corp.FOX | 1.87% | $46.84 | $37.74M | 805.8K |
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.
Top 10 positions are 22.57% of net assets, top 25 48.25%, across 75 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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