Janus Henderson Mid Cap Value Fund
Actively managed U.S. stock fund
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
2.96% | $59.76M | 783.3K | $76.29 | |
LFUSLittelfuse, Inc. | 2.69% | $54.37M | 119.4K | $455.33 |
2.49% | $50.36M | 322.8K | $155.98 | |
Everest Group Ltd. | 2.26% | $45.76M | 128.1K | $357.23 |
2.20% | $44.45M | 180.5K | $246.22 | |
2.15% | $43.45M | 270.3K | $160.72 | |
2.14% | $43.30M | 571.7K | $75.74 | |
PPLPPL Corp. | 1.94% | $39.26M | 1.1M | $36.35 |
1.88% | $37.95M | 603.4K | $62.89 | |
FOXFox Corp. | 1.87% | $37.74M | 805.8K | $46.84 |
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 75 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 | 98.04% |
| Cash & short-term | 1.95% |
By sector
- Industrials
- 18.0%
- Financials
- 17.0%
- Information Technology
- 12.7%
- Materials
- 10.2%
- 8 other sectors
- 42.1%
- Industrials
- 18.0%
- Financials
- 17.0%
- Information Technology
- 12.7%
- Materials
- 10.2%
- Health Care
- 8.9%
- Consumer Discretionary
- 7.5%
- Real Estate
- 7.0%
- Utilities
- 6.7%
- Energy
- 5.2%
- Consumer Staples
- 2.8%
- Other
- 2.1%
- Communication Services
- 1.9%
How it has done
JMIVX share class · total returns with dividends reinvested
Past returns are a record, not a forecast.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| 1.06% | +26.04% | +38.45% | +59.61% | -12.14% | |
| 1.20% | +25.86% | +37.94% | +58.35% | -12.22% | |
| 1.94% | +25.01% | +35.21% | +53.22% | -12.48% | |
| 0.91% | +26.15% | +39.04% | +60.69% | -12.08% | |
| 1.57% | +25.41% | +36.48% | +55.61% | -12.33% | |
| 1.32% | +25.76% | +37.44% | +57.52% | -12.30% | |
| 0.94% | +26.14% | +38.86% | +60.46% | -12.15% | |
| 0.81% | +26.28% | +39.56% | +61.56% | -12.07% |
Fees & fund details
Janus Henderson Mid Cap Value Fund is an actively managed U.S. equity fund. 6% of JMIVX’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
- Expense ratio, by class
- 0.81% – 1.94%
- Portfolio turnover
- 40.00% a year · as of 2025 Q4
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.
12 new· the largest 8
15 exited· the largest 8
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