Please ensure Javascript is enabled for purposes of website accessibility Small-Mid Cap Value Fund - Janus Henderson Investors
For Institutional Investors in the US

JVSIX Small-Mid Cap Value Fund

Defensive-minded specialists aiming to identify undervalued small- and mid-cap opportunities

NAV
$18.31
As of 12/06/2024

1-Day Change
-$0.03 (-0.16%)
As of 12/06/2024

YTD Return
24.73%
As of 12/06/2024

Morningstar Rating

As of 11/30/2024

Overview

ABOUT THIS FUND

As defensive value specialists, we look to invest in high-quality companies with strong management teams, stable balance sheets, and durable competitive advantages that are trading at attractive valuations. We seek to achieve excess returns over full market cycles, with less risk than our benchmark and peers as measured by standard deviation, beta and down market capture.

WHY INVEST IN THIS FUND

Attractive Reward/Risk
Our disciplined valuation process measures downside risk before upside potential and invests in securities with favorable reward/risk ratios.

High-Conviction Process
The portfolio typically holds between 30 to 50 stocks with business fundamentals considered more important than fluctuations in the wider economy.

Different Than the Benchmark
The benchmark is not used as a starting point for portfolio construction, which should lead to high active share.

Portfolio Management

Kevin Preloger

Portfolio Manager

Industry since 1997. Joined Firm in 2002.

Justin Tugman, CFA

Portfolio Manager

Industry since 2000. Joined Firm in 2004.

Performance

RETURNS (%) (As of 09/30/2024)
Small-Mid Cap Value Fund - I Shares Russell 2500TM Value Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/15/2011)
Small-Mid Cap Value Fund - I Shares 9.70 20.91 37.64 10.72 8.71 9.18 10.30
Russell 2500TM Value Index 9.63 11.28 26.59 6.06 9.98 8.47 10.93
RETURNS (%) (As of 10/31/2024)
Small-Mid Cap Value Fund - I Shares Russell 2500TM Value Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/15/2011)
Small-Mid Cap Value Fund - I Shares -3.15 17.37 39.95 8.17 8.02 8.64 9.97
Russell 2500TM Value Index 0.14 9.87 32.42 3.99 9.39 7.86 10.75
Calendar Year Returns (%)
Small-Mid Cap Value Fund - I Shares Russell 2500TM Value Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Small-Mid Cap Value Fund - I Shares 15.25 -8.86 16.31 -3.09 26.89 -7.12 14.05 19.52 0.17 7.42
Russell 2500TM Value Index 15.98 -13.08 27.78 4.88 23.56 -12.36 10.36 25.20 -5.49 7.11

Morningstar Percentile

 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 2 17 84 38 79
Small Value | Rank/Count 5/394 47/385 310/379 104/340 232/308
 (As of 11/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 7 11 83 31 61
Small Value | Rank / Count 27/495 41/477 385/467 127/420 241/403

Returns-Based Statistics (As of 10/31/2024 Class I Shares)

RISK / REWARD
VS. Russell 2500 Value TR Index
3YR 5YR
Information Ratio 0.95 -0.20
Alpha 3.97 -0.69
Tracking Error 4.24 6.35
Beta 0.98 0.88
R-squared (%) 95.95 93.89
UP/DOWN MARKET CAPTURE (%)
Russell 2500 Value TR Index
3YR 5YR
Up Capture Ratio 107.71 87.64
Down Capture Ratio 94.40 94.26
STANDARD DEVIATION 3YR 5YR
Small-Mid Cap Value Fund 21.20 21.71
Russell 2500 Value TR Index 21.22 23.78
SHARPE RATIO 3YR 5YR
Small-Mid Cap Value Fund 0.20 0.25
Russell 2500 Value TR Index 0.01 0.29
Annual Fees & Expenses (As of the most recent prospectus)
CLASS I SHARES
Management Fees 0.65%
Other Expenses 0.36%
Total Gross Expenses 1.01%
Waivers -0.22%
Total Net Expenses 0.79%

Portfolio

Index represents the Russell 2500™ Value Index.

Top Holdings (As of 10/31/2024)
% of Fund
Agree Realty Corp 2.83
Vontier Corp 2.79
Axis Capital Holdings Ltd 2.76
Alliant Energy Corp 2.74
Wintrust Financial Corp 2.57
Fulton Financial Corp 2.57
Cushman & Wakefield PLC 2.51
Helios Technologies Inc 2.49
Lazard Inc 2.48
Lamar Advertising Co 2.47
TOTAL 26.21
View full holdings
Portfolio Characteristics (As of 10/31/2024)
  FUND INDEX
Number of Holdings
Equity Issues
50 1880
Market Capitalization
Weighted Average
$8.48B $7.46B
Portfolio Turnover Rate
(1-year trailing)
64.22% -
Price/Earnings Ratio
(1-year forward)
14.43 14.33
Price/Book Ratio
2.11 1.77
Earnings Growth Rate
(1-year forward)
15.00% 16.69%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 10/31/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of October 31, 2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of October 31, 2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 10/31/2024

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