The investment seeks capital appreciation. The fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. It normally invests at least 80% of assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap Value index. The fund may also lend portfolio securities on a short-term or long-term basis, up to one-third of total assets and may invest its assets in derivatives.
Fund filings (PDF) »

Asset managers:
Thomas M. Perkins (Started: Aug 12, 1998)
Jeffrey Kautz (Started: Feb 1, 2002)

Advisor Company:
Janus Capital Management LLC.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	7.22	5.67	4.95	11.21
Beta*	0.85	0.92	0.92	0.88
Mean annual return	2.80	0.07	0.55	1.00
R-squared*	93.15	93.79	92.05	78.14
Standard deviation	17.88	18.88	15.48	16.12
Sharpe ratio	1.87	-0.06	0.24	0.57
* Against standard index

Risk measurement details »

Security	Net Assets
URS Corporation (URS)	1.36%
Everest Re Group, Ltd. (RE)	1.35%
Noble Energy, Inc. (NBL)	1.32%
Kroger Company (KR)	1.29%
Allstate Corporation (ALL)	1.29%
Invesco Ltd (IVZ)	1.29%
People's United Financial, Inc. (PBCT)	1.29%
Kansas City Southern, Inc. (KSU)	1.22%
Centurytel, Inc. (CTL)	1.22%
Laboratory Corporation of America Holdings (LH)	1.19%

Holdings Performance »