Janus Henderson Mid Cap Value Fund
JDPNX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Denver CO 80206 Denver CO United States of America 80206
- IPO Date
- May 31, 2012
- CIK
- 0000277751
- Website
- janushenderson.com
- Similar Companies
- Business
- Janus Henderson Mid Cap Value Fund (JDPNX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its net assets in equity securities of mid-capitalization companies within the range of the Russell Midcap Value Index at the time of purchase; it may allocate up to 20% to securities outside this range under normal circumstances. The fund employs a defensive value investment style blending market capitalization mid-cap focus with blend characteristics, emphasizing high-quality companies featuring strong management teams, stable balance sheets, durable competitive advantages, and attractive valuations to achieve excess returns over full market cycles with lower volatility, standard deviation, beta, and down-market capture than the benchmark and peers. Managed by Kevin Preloger since April 2013 and Justin Tugman since March 2015, it maintains a high-conviction portfolio of 60 to 90 stocks, with current allocations heavily weighted toward U.S. equities (93.42%), minimal non-U.S. stocks (3.62%), and cash (2.96%); top sectors include financial services (19.75%), industrials (18.53%), and consumer cyclical (13.75%), while leading holdings comprise Casey's General Stores Inc., Alliant Energy Corp., Expand Energy Corp., TransUnion, and Vontier Corp. Launched on May 31, 2012, as part of Janus Investment Fund, the Class N shares (JDPNX) feature a net expense ratio of 0.65%, no front-end or deferred loads, daily pricing, a minimum initial investment of $1,000,000, and availability primarily to U.S. investors through intermediary and institutional channels. The fund operates within the mid-cap value category, domiciled in the United States, with total net assets of approximately $2.02 billion across share classes and Class N assets at $230.43 million. Janus Henderson Mid Cap Value Fund is managed by Janus Henderson Investors, a global asset manager formed in 2017 from the merger of Janus Capital Group (founded 1969, Denver headquarters) and Henderson Global Investors, headquartered at 151 Detroit Street, Denver, CO 80206, with worldwide operations spanning equities, fixed income, multi-asset, and alternatives managing $483.8 billion in client assets. Related share classes include A (JDPAX), I (JMVAX), R (JDPRX), among others. In recent years, Janus Henderson Investors has pursued aggressive strategic expansion through multiple acquisitions and partnerships, including the 2024 acquisition of Tabula Investment Management to bolster European active ETFs; a strategic alliance with NBK Wealth forming an emerging markets private capital division; the April 2025 multifaceted partnership with Guardian Life Insurance Company, under which Janus Henderson manages $45 billion in investment-grade public fixed income assets, receives equity warrants, gains up to $400 million in seed capital for fixed income innovation, and co-develops multi-asset model portfolios for Park Avenue Securities; and the October 2025 acquisition of a majority stake in Victory Park Capital Advisors to enhance private credit capabilities complementary to its securitized credit franchise. Additional moves encompass board-approved $200 million share buybacks through April 2026, a 3% quarterly dividend increase to $0.40 per share, and emphasis on AI, healthcare trends, and illiquid assets diversification; however, the fund's investment team was halved in 2025, prompting a Morningstar People Pillar downgrade to Average. These initiatives align with Janus Henderson's three-pillar strategy to protect and grow core businesses, amplify strengths, and diversify client offerings amid a robust M&A pipeline.