Janus Henderson Mid Cap Value Fund
JMVAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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
- Nov 30, 2005
- CIK
- 0000277751
- Website
- janushenderson.com
- Similar Companies
- Business
- Janus Henderson Mid Cap Value Fund (JMVAX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its net assets in equity securities of mid-cap value companies, generally those within the market capitalization range of the Russell Midcap Value Index; it may allocate up to 20% to securities outside this range under normal circumstances. The fund employs a defensive value investment strategy focused on high-quality companies with strong management teams, stable balance sheets, durable competitive advantages, and attractive valuations, aiming to deliver excess returns over full market cycles with lower volatility than its benchmark and peers, as measured by standard deviation, beta, and down-market capture; the portfolio typically holds 60 to 90 high-conviction stocks across sectors such as industrials, financial services, consumer cyclical, technology, and real estate, with top holdings including Casey's General Stores Inc., Alliant Energy Corp., Agree Realty Corp., Expand Energy Corp., and Freeport-McMoRan Inc. Managed by Kevin Preloger since April 2013 and Justin Tugman since March 2015, the Class I shares (JMVAX) feature a net expense ratio of 0.74%, daily pricing, and a minimum initial investment of $2,500, with total net assets of approximately $1.98 billion as of late 2025. The fund, with an inception date of August 12, 1998, operates as part of Janus Henderson Investors, a global asset manager formed in 2017 from the merger of Janus Capital Group (founded 1969) and Henderson Global Investors, headquartered at 151 Detroit Street in Denver, Colorado, with additional key offices in London (head office at 201 Bishopsgate), and global presence across the Americas, Europe, Middle East, Asia-Pacific, including Boston, Chicago, Hong Kong, Singapore, and Tokyo. It primarily targets institutional and high-net-worth investors seeking mid-cap value exposure in the United States, with a diversified portfolio emphasizing U.S. stocks (94.60%), minor non-U.S. equity (3.44%), and cash (1.96%), domiciled in the United States and available for sale there. In recent developments, Janus Henderson Investors, the fund's sponsor, announced in October 2024 a definitive agreement to acquire a majority stake in Victory Park Capital Advisors, a global private credit manager, to expand private credit capabilities in asset-backed lending and securitized finance, complementing its $36.3 billion in securitized assets under management; the deal, expected to close in Q4 2024, targets institutional clients including insurance companies, pensions, endowments, and sovereign wealth funds. Earlier in 2024, the firm entered a strategic partnership with NBK Wealth, the wealth management arm of National Bank of Kuwait, forming a new emerging markets private capital division to capitalize on underpenetrated private capital opportunities in sovereign and corporate sectors. These moves reflect Janus Henderson's broader strategic expansion into alternatives amid client demand, while the Mid Cap Value Fund maintained its disciplined process amid Q2 2025 market volatility, returning 3.16% versus the Russell Midcap Value Index's 5.35%.