Janus Henderson Mid Cap Value Portfolio
Data updated: 2026-08-26
C000028722 — Janus Henderson Mid Cap Value Portfolio. United States Mid Cap Value Equity · $122.82M AUM. Holdings, fees, performance and SEC filings.
C000028722 Fund Overview
Janus Henderson Mid Cap Value Portfolio is a US mutual fund managed by Janus Aspen Series, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Janus Aspen Series
- Category: United States Mid Cap Value Equity
- Assets under management: $122.82M
- 1-year return: 20.1%
- SEC CIK: 0000906185
- SEC series ID: S000010397
- Share class ID: C000028722
C000028722 Investment Objective and Strategy
Janus Henderson Mid Cap Value Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Janus Aspen Series.
Investment objective
Janus Henderson Mid Cap Value Portfolio (Mid Cap Value Portfolio) seeks capital appreciation.
Principal investment strategy
The Portfolio pursues its investment objective by investing primarily in the common stocks of mid-sized companies and focuses on companies whose stock prices are believed to be undervalued by portfolio management or that have fallen out of favor with the market. The Portfolio invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month capitalization range of the Russell Midcap Value Index. The market capitalizations within the index will vary, but as of December 31, 2025, they ranged from approximately $122 million to $83.54 billion. From time to time, the Portfolio may invest in shares of companies through initial public offerings.
The Portfolio may also invest in foreign securities, as well as in real estate investment trusts (REITs) and similar REIT-like entities. As defensive value managers, portfolio management generally looks for companies with: strong management teams; strong and stable balance sheets and solid recurring free cash flows; attractive relative and absolute valuation ratios or that have underperformed recently; favorable reward to risk characteristics; sustainable competitive advantages that are trading at attractive valuations; and strong long-term prospects. Portfolio managements philosophy is to weigh a securitys downside risk before considering its upside potential, which may help provide an element of capital preservation. As part of its investment process, portfolio management considers environmental, social, and governance (ESG) risks and opportunities (ESG Factors) that it believes are financially material, alongside other fundamental investment factors.
Examples of potential financially material ESG Factors include: corporate governance, company culture, exposure to climate change, and human capital management. To assess ESG Factors, portfolio management uses issuer reports, third-party data, and internally-generated analyses and may engage directly with issuers. ESG Factors are one of many considerations in the investment decision-making process, may not be determinative in deciding to include or exclude an investment from the portfolio, and may not be considered for every investment decision.
C000028722 Holdings
Top 10 holdings of Janus Henderson Mid Cap Value Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Alliant Energy Corp. | 2.88% |
| Littelfuse, Inc. | 2.62% |
| Lamar Advertising Co. | 2.46% |
| ING Financial Markets LLC Joint Repurchase Agreement | 2.28% |
| Everest Group Ltd. | 2.22% |
| Agree Realty Corp. | 2.16% |
| PNC Financial Services Group, Inc. (The) | 2.14% |
| Wintrust Financial Corp. | 2.13% |
| PPL Corp. | 1.95% |
| Fox Corp. | 1.87% |
C000028722 Portfolio Allocation
Asset-class allocation of Janus Henderson Mid Cap Value Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.7% |
| Cash & Equivalents | 2.3% |
C000028722 Performance
Total returns for C000028722 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 14.1% |
| 1 year | 20.1% |
| 3 years (annualised) | 13.5% |
| 5 years (annualised) | 8.6% |
C000028722 Risk Information
Risk metrics for C000028722, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.6%
C000028722 Costs and Fees
C000028722 costs about $108 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.08%
- Gross expense ratio: 1.11%
- Portfolio turnover: 40%
- Brokerage commissions: 4.90 bps of average net assets (SEC N-CEN)
C000028722 Cashflows
Over the 12 months to 2026-06, Janus Henderson Mid Cap Value Portfolio had net outflows of $8.45M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $3.92M |
| 2026-05 | −$345.45K |
| 2026-04 | −$4.03M |
| 2026-03 | $1.66M |
| 2026-02 | −$2.71M |
| 2026-01 | −$1.44M |
C000028722 Debt Constituents
No individual debt constituents are reported in Janus Henderson Mid Cap Value Portfolio's latest SEC N-PORT filing.
C000028722 Prospectus and SEC Filings
Official Janus Henderson Mid Cap Value Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.