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#73 in Mid-Cap Value
U.S. News evaluated 109 Mid-Cap Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 18.78 percent over the past year, 8.90 percent over the past three years, 18.74 percent over the past five years, and 8.50 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.7%|
|3 Years (Annualized)||8.9%|
|5 Years (Annualized)||18.7%|
|10 Years (Annualized)||8.5%|
Perkins Mid Cap Value Fund sticks to the tried-and-true fundamentals of value-focused investing.
As of March 05, 2014, the fund has assets totaling almost $9.79 billion invested in 101 different holdings. Its portfolio consists of mid-cap stocks.
Management uses a patient, value-oriented approach, seeking cheap stocks with good fundamentals. The fund struggled in 2010, but still has several attractive features. Says Morningstar: "Understanding the fund's investment philosophy is key to reaping its full reward. As the fund's [large] cash stake indicates, comanagers Jeff Kautz and Tom Perkins let investment merit of new ideas, not fund flows, dictate the portfolio's profile." In 2009, its returns, while not astronomical, were respectable as it benefitted from strong performance from a number of stocks, including gold producer Goldcorp, which rose to reflect investors' soaring interest in gold. The fund has returned 18.78 percent over the past year and 8.90 percent over the past three years.
Until the end of 2008, the fund was known as Janus Mid Cap Value, but its name changed after Janus increased its stake in Perkins. The fund has returned 18.74 percent over the past five years and 8.50 percent over the past decade.
According to its prospectus, "The fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. . . . The fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. To a lesser degree, the fund also invests in companies that have experienced significant business problems but are believed to have favorable prospects for recovery."
Role in Portfolio
Morningstar calls it a "supporting player."
Tom Perkins and Jeff Kautz run the fund. Says Morningstar: "It's tough to find a value-leaning manager that doesn't say it focuses on strong cash flows, solid balance sheets, and proven management teams, but this fund's portfolio metrics, like its siblings', back up the team's claims."
Perkins Mid Cap Value Fund has an expense ratio of 0.95 percent.
Like all stock funds, this one comes with some risks.