The Fund Grade · free · no account needed
What grade does JMCVX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Janus Henderson Mid Cap Value Fund - T Shares
#363 of 500 graded active funds · value · mid segment peer group
The point · specialist footprint
JMCVX puts less of its book behind proven specialists than 89% of graded funds.
● Bottom 20%
Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
3 funds in the same segment carry an A. Members see the names and what they charge. See the alternatives →
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
JMCVX vs the Honor Roll · share card ↗Conviction exposure
1.4%
of the book in specialist-converged names
Late-stage weight
38.9%
of the book in Crowded or Fading names
Active share
95.4%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
JMCVX ranks 363 out of 500 graded funds with a D grade, and only 1.4% of its assets sit with specialist investors, a very thin base of conviction. Nearly 39% of the portfolio is in late-stage or fading trades, including LNT, CASY, and ADC where specialists are already leaving. FOX, LHX, and FCX offer some early-stage interest, but they are small positions inside a broadly weak setup.
→ Watch the combined 9.3% weight in fading positions LNT, CASY, ADC, and PNC as specialist exit pressure could weigh on those holdings.
→ Compare JMCVX against the 3 higher-graded funds in the same segment, and check for a better-graded option inside the Janus Henderson family itself.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.