Janus Henderson Mid Cap Value C
JMVCX
NASDAQ- -
USD
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- -
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 10172
- IPO Date
- Jan 2, 2003
- CIK
- 0000277751
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- Janus Henderson Mid Cap Value Fund (JMVCX) is an open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of mid-capitalization companies whose stock prices are undervalued relative to their fundamentals; it normally allocates at least 80% of its net assets (plus borrowings for investment purposes) to common stocks of mid-sized firms, focusing on those with strong management teams, stable balance sheets, durable competitive advantages, and favorable reward-to-risk profiles as determined by a defensive value investment process that prioritizes downside protection. The fund maintains a high-conviction portfolio of 60 to 90 stocks across sectors including financial services, industrials, consumer cyclical, technology, and real estate, with top holdings such as Casey's General Stores Inc., Expand Energy Corp, Alliant Energy Corp, and Agree Realty Corp; it emphasizes companies trading at attractive valuations that have underperformed or fallen out of favor, while limiting benchmark influence to achieve high active share and lower volatility than the Russell Midcap Value Index. JMVCX, with total net assets of approximately $2 billion and a net expense ratio of 1.76%, is domiciled in the United States, available for sale to U.S. investors with a minimum initial investment of $2,500, and managed by co-portfolio managers Kevin Preloger (since April 2013) and Justin Tugman (since March 2015). Launched on July 6, 2009, the fund operates under Janus Henderson Investors, headquartered at 151 Detroit Street, Denver, CO, with primary exposure to U.S. equities (over 93% allocation), minor positions in non-U.S. stocks, Canada, and cash equivalents. Geographically, its investments are predominantly U.S.-focused, targeting mid-cap value opportunities in developed markets to generate excess returns over full market cycles with reduced risk metrics such as standard deviation and down-market capture. In recent developments, the fund's parent organization Janus Henderson acquired Victory Park Capital Advisors in October 2024, enhancing its private credit and securitized credit capabilities with approximately $6 billion in additional assets under management, though this primarily bolsters firm-wide alternatives rather than the core mid-cap value strategy; performance commentaries noted Q3 2025 returns of 3.32% versus the Russell Midcap Value Index's 6.18%, reflecting continued defensive positioning amid market rotations. Morningstar highlighted investment team stability under Preloger and Tugman while rating the process highly for its repeatable security selection and portfolio construction focused on reward/risk ratios. No fund-specific acquisitions, launches, or reorganizations were reported in 2024-2025, with ongoing emphasis on high-quality mid-cap value equities.