Class
A Shares Ticker |
Class
C Shares Ticker |
Class
S Shares Ticker |
Class
I Shares Ticker |
Class
N Shares Ticker |
Class
R Shares Ticker |
Class T Shares Ticker | |
Global & International Equity | |||||||
Janus Henderson Asia Equity
Fund |
JAQAX | JAQCX | JAQSX | JAQIX | JAQNX | N/A | JAQTX |
Janus Henderson Emerging Markets
Fund |
HEMAX | HEMCX | HEMSX | HEMIX | HEMRX | N/A | HEMTX |
Janus Henderson European Focus
Fund |
HFEAX | HFECX | HFESX | HFEIX | HFERX | N/A | HFETX |
Janus Henderson Global Equity Income
Fund |
HFQAX | HFQCX | HFQSX | HFQIX | HFQRX | N/A | HFQTX |
Janus Henderson Global Life Sciences
Fund |
JFNAX | JFNCX | JFNSX | JFNIX | JFNNX | N/A | JAGLX |
Janus Henderson Global Real Estate
Fund |
JERAX | JERCX | JERSX | JERIX | JERNX | N/A | JERTX |
Janus Henderson Global Research
Fund |
JDWAX | JWWCX | JWGRX | JWWFX | JDWNX | JDWRX | JAWWX |
Janus Henderson Global Select
Fund |
JORAX | JORCX | JORIX | JORFX | JSLNX | JORRX | JORNX |
Janus Henderson Global Technology and Innovation
Fund |
JATAX | JAGCX | JATSX | JATIX | JATNX | N/A | JAGTX |
(formerly named Janus Henderson Global Technology Fund) | |||||||
Janus Henderson Global Value
Fund |
JPPAX | JPPCX | JPPSX | JPPIX | JPPNX | N/A | JGVAX |
Janus Henderson International Opportunities
Fund |
HFOAX | HFOCX | HFOQX | HFOIX | HFOSX | HFORX | HFOTX |
Janus Henderson International Small Cap
Fund |
HIZAX | HIZCX | HIZSX | HIZIX | HIZRX | N/A | HIZTX |
Janus Henderson International Value
Fund |
JIFAX | JIFCX | JIFSX | JIFIX | JIFNX | N/A | JIFTX |
Janus Henderson Overseas
Fund |
JDIAX | JIGCX | JIGRX | JIGFX | JDINX | JDIRX | JAOSX |
Fund summary | |
Janus Henderson Asia Equity
Fund |
2 |
Janus Henderson Emerging Markets
Fund |
9 |
Janus Henderson European Focus
Fund |
17 |
Janus Henderson Global Equity Income
Fund |
25 |
Janus Henderson Global Life Sciences
Fund |
34 |
Janus Henderson Global Real Estate
Fund |
41 |
Janus Henderson Global Research
Fund |
49 |
Janus Henderson Global Select
Fund |
57 |
Janus Henderson Global Technology and Innovation
Fund |
65 |
Janus Henderson Global Value
Fund |
73 |
Janus Henderson International Opportunities
Fund |
80 |
Janus Henderson International Small Cap
Fund |
88 |
Janus Henderson International Value
Fund |
96 |
Janus Henderson Overseas
Fund |
102 |
Additional information about the Funds | |
Fees and
expenses |
111 |
Additional investment strategies and general portfolio
policies |
112 |
Risks of the
Funds |
117 |
Management of the Funds | |
Investment
adviser |
127 |
Management
expenses |
127 |
Subadviser |
131 |
Investment
personnel |
131 |
Other
information |
137 |
Distributions and
taxes |
138 |
Shareholder’s guide | |
Pricing of fund
shares |
142 |
Choosing a share
class |
143 |
Distribution, servicing, and administrative
fees |
145 |
Payments to financial intermediaries by Janus Capital or its
affiliates |
146 |
Purchases |
148 |
Exchanges |
152 |
Redemptions |
153 |
Excessive
trading |
155 |
Shareholder
communications |
157 |
Financial
highlights |
158 |
Appendix A – intermediary sales charge waivers and
discounts |
246 |
Glossary of investment
terms |
249 |
1 | Janus Investment Fund |
Ticker: | JAQAX | Class A Shares | JAQSX | Class S Shares | JAQNX | Class N Shares |
JAQCX | Class C Shares | JAQIX | Class I Shares | JAQTX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees(1) | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 1.51% | 1.58% | 1.96% | 1.35% | 1.08% | 1.56% | ||||||
Acquired Fund(2) Fees and Expenses | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | ||||||
Total Annual Fund Operating Expenses(3) | 2.74% | 3.56% | 3.19% | 2.33% | 2.06% | 2.54% | ||||||
Fee Waiver(3) | 1.23% | 1.28% | 1.51% | 1.11% | 0.88% | 1.10% | ||||||
Total Annual Fund Operating Expenses After Fee Waiver(3) | 1.51% | 2.28% | 1.68% | 1.22% | 1.18% | 1.44% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
(2) | “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. Acquired fund fees and expenses are indirect expenses a fund may incur as a result of investing in shares of an underlying fund. To the extent that the Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights tables because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. |
(3) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding any performance adjustments to management fees, the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 1.11% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
2 | Janus Henderson Asia Equity Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 836 | $ 1,376 | $ 1,941 | $ 3,469 |
Class C Shares | $ 459 | $ 1,091 | $ 1,845 | $ 3,827 |
Class S Shares | $ 322 | $ 983 | $ 1,669 | $ 3,494 |
Class I Shares | $ 236 | $ 727 | $ 1,245 | $ 2,666 |
Class N Shares | $ 209 | $ 646 | $ 1,108 | $ 2,390 |
Class T Shares | $ 257 | $ 791 | $ 1,350 | $ 2,875 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 836 | $ 1,376 | $ 1,941 | $ 3,469 |
Class C Shares | $ 359 | $ 1,091 | $ 1,845 | $ 3,827 |
Class S Shares | $ 322 | $ 983 | $ 1,669 | $ 3,494 |
Class I Shares | $ 236 | $ 727 | $ 1,245 | $ 2,666 |
Class N Shares | $ 209 | $ 646 | $ 1,108 | $ 2,390 |
Class T Shares | $ 257 | $ 791 | $ 1,350 | $ 2,875 |
Principal investment strategies |
3 | Janus Henderson Asia Equity Fund |
Principal investment risks |
4 | Janus Henderson Asia Equity Fund |
Performance information |
• | The performance shown for Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares is calculated using the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to January 26, 2018, reflects the performance of the Fund’s Class I Shares, calculated using the fees and expenses of Class N Shares, without the effect of any fee and expense limitations or waivers. If Class N Shares of the Fund had been available during periods prior to January 26, 2018, the performance shown may have been different. |
5 | Janus Henderson Asia Equity Fund |
Annual Total Returns for Class I Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 16.48% | Worst Quarter: 3rd Quarter 2015 – 18.90% |
Average Annual Total Returns (periods ended 12/31/19) | |||
1 Year | 5 Years | Since
Inception (7/29/11) | |
Class I Shares | |||
Return Before Taxes | 20.87% | 7.39% | 5.27% |
Return After Taxes on Distributions | 20.81% | 6.57% | 4.44% |
Return After Taxes on Distributions and Sale of Fund Shares | 12.70% | 5.77% | 4.06% |
MSCI
All Country Asia ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.17% | 6.55% | 4.65% |
MSCI
All Country Asia-Pacific ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
19.16% | 6.33% | 4.59% |
Class A Shares | |||
Return Before Taxes(1) | 13.61% | 5.78% | 4.21% |
MSCI
All Country Asia ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.17% | 6.55% | 4.65% |
MSCI
All Country Asia-Pacific ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
19.16% | 6.33% | 4.59% |
Class C Shares | |||
Return Before Taxes(2) | 18.83% | 6.32% | 4.23% |
MSCI
All Country Asia ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.17% | 6.55% | 4.65% |
MSCI
All Country Asia-Pacific ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
19.16% | 6.33% | 4.59% |
Class S Shares | |||
Return Before Taxes | 20.81% | 7.09% | 4.93% |
MSCI
All Country Asia ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.17% | 6.55% | 4.65% |
MSCI
All Country Asia-Pacific ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
19.16% | 6.33% | 4.59% |
6 | Janus Henderson Asia Equity Fund |
Average Annual Total Returns (periods ended 12/31/19) | |||
1 Year | 5 Years | Since
Inception (7/29/11) | |
Class N Shares | |||
Return Before Taxes | 20.96% | 6.98% | 4.72% |
MSCI
All Country Asia ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.17% | 6.55% | 4.65% |
MSCI
All Country Asia-Pacific ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
19.16% | 6.33% | 4.59% |
Class T Shares | |||
Return Before Taxes | 20.73% | 7.24% | 5.10% |
MSCI
All Country Asia ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.17% | 6.55% | 4.65% |
MSCI
All Country Asia-Pacific ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
19.16% | 6.33% | 4.59% |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI All Country Asia ex-Japan Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of Asia, excluding Japan. The index includes reinvestment of dividends, net of foreign withholding taxes. |
• | The MSCI All Country Asia-Pacific ex-Japan Index captures large and mid cap representation across developed market countries and emerging market countries in the Asia-Pacific region, excluding Japan. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
7 | Janus Henderson Asia Equity Fund |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
Payments to broker-dealers and other financial intermediaries |
8 | Janus Henderson Asia Equity Fund |
Ticker: | HEMAX | Class A Shares | HEMSX | Class S Shares | HEMRX | Class N Shares |
HEMCX | Class C Shares | HEMIX | Class I Shares | HEMTX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 0.40% | 0.55% | 1.02% | 0.45% | 0.41% | 0.73% | ||||||
Acquired Fund(1) Fees and Expenses | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | ||||||
Total Annual Fund Operating Expenses(2) | 1.66% | 2.56% | 2.28% | 1.46% | 1.42% | 1.74% | ||||||
Fee Waiver(2) | 0.30% | 0.43% | 0.74% | 0.34% | 0.38% | 0.45% | ||||||
Total Annual Fund Operating Expenses After Fee Waiver(2) | 1.36% | 2.13% | 1.54% | 1.12% | 1.04% | 1.29% |
(1) | “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. Acquired fund fees and expenses are indirect expenses a fund may incur as a result of investing in shares of an underlying fund. To the extent that the Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights tables because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. |
(2) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 1.03% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
9 | Janus Henderson Emerging Markets Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 734 | $ 1,068 | $ 1,425 | $ 2,427 |
Class C Shares | $ 359 | $ 796 | $ 1,360 | $ 2,895 |
Class S Shares | $ 231 | $ 712 | $ 1,220 | $ 2,615 |
Class I Shares | $ 149 | $ 462 | $ 797 | $ 1,746 |
Class N Shares | $ 145 | $ 449 | $ 776 | $ 1,702 |
Class T Shares | $ 177 | $ 548 | $ 944 | $ 2,052 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 734 | $ 1,068 | $ 1,425 | $ 2,427 |
Class C Shares | $ 259 | $ 796 | $ 1,360 | $ 2,895 |
Class S Shares | $ 231 | $ 712 | $ 1,220 | $ 2,615 |
Class I Shares | $ 149 | $ 462 | $ 797 | $ 1,746 |
Class N Shares | $ 145 | $ 449 | $ 776 | $ 1,702 |
Class T Shares | $ 177 | $ 548 | $ 944 | $ 2,052 |
Principal investment strategies |
10 | Janus Henderson Emerging Markets Fund |
Principal investment risks |
11 | Janus Henderson Emerging Markets Fund |
12 | Janus Henderson Emerging Markets Fund |
Performance information |
• | The performance shown for Class A Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund and is calculated using the fees and expenses of Class A Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class C Shares for periods prior to June 5, 2017, reflects the performance of Class C Shares of the Predecessor Fund and is calculated using the fees and expenses of Class C Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to June 5, 2017, reflects the performance of Class I Shares of the Predecessor Fund and is calculated using the fees and expenses of Class I Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund and is calculated using the fees and expenses of Class R6 Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers, except that for periods prior to November 30, 2015, performance shown for Class N Shares reflects the performance of Class I Shares of the Predecessor Fund, calculated using the estimated fees and expenses of Class N Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class S Shares for periods prior to June 5, 2017, reflects the performance of Class I Shares of the Predecessor Fund, calculated using the estimated fees and expenses of Class S Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class T Shares for periods prior to June 5, 2017, reflects the performance of Class I Shares of the Predecessor Fund, calculated using the estimated fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. |
13 | Janus Henderson Emerging Markets Fund |
Annual Total Returns for Class I Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 23.68% | Worst Quarter: 3rd Quarter 2011 – 24.87% |
Average Annual Total Returns (periods ended 12/31/19) | |||
1 Year | 5 Years | Since
Inception (12/31/10) | |
Class I Shares | |||
Return Before Taxes | 13.88% | 3.98% | 1.17% |
Return After Taxes on Distributions | 13.84% | 3.67% | 0.96% |
Return After Taxes on Distributions and Sale of Fund Shares(1) | 8.96% | 3.23% | 1.00% |
MSCI
Emerging Markets Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.42% | 5.61% | 2.11% |
Class A Shares | |||
Return Before Taxes(2) | 7.06% | 2.48% | 0.26% |
MSCI
Emerging Markets Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.42% | 5.61% | 2.11% |
Class C Shares | |||
Return Before Taxes(3) | 11.83% | 2.93% | 0.16% |
MSCI
Emerging Markets Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.42% | 5.61% | 2.11% |
Class S Shares | |||
Return Before Taxes | 13.86% | 3.53% | 0.66% |
MSCI
Emerging Markets Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.42% | 5.61% | 2.11% |
Class N Shares | |||
Return Before Taxes | 14.08% | 3.97% | 1.05% |
MSCI
Emerging Markets Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.42% | 5.61% | 2.11% |
Class T Shares | |||
Return Before Taxes | 13.76% | 3.68% | 0.85% |
MSCI
Emerging Markets Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.42% | 5.61% | 2.11% |
(1) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
(2) | Calculated assuming maximum permitted sales loads. |
(3) | The one year return is calculated to include the contingent deferred sales charge. |
14 | Janus Henderson Emerging Markets Fund |
• | The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
15 | Janus Henderson Emerging Markets Fund |
Payments to broker-dealers and other financial intermediaries |
16 | Janus Henderson Emerging Markets Fund |
Ticker: | HFEAX | Class A Shares | HFESX | Class S Shares | HFERX | Class N Shares |
HFECX | Class C Shares | HFEIX | Class I Shares | HFETX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 0.23% | 0.23% | 7.43% | 0.18% | 1.58% | 0.78% | ||||||
Acquired Fund(1) Fees and Expenses | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | ||||||
Total Annual Fund Operating Expenses(2) | 1.47% | 2.22% | 8.67% | 1.17% | 2.57% | 1.77% | ||||||
Fee Waiver(2) | 0.14% | 0.14% | 7.19% | 0.12% | 1.59% | 0.55% | ||||||
Total Annual Fund Operating Expenses After Fee Waiver(2) | 1.33% | 2.08% | 1.48% | 1.05% | 0.98% | 1.22% |
(1) | “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. Acquired fund fees and expenses are indirect expenses a fund may incur as a result of investing in shares of an underlying fund. To the extent that the Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights tables because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. |
(2) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 0.96% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
17 | Janus Henderson European Focus Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 716 | $ 1,013 | $ 1,332 | $ 2,231 |
Class C Shares | $ 325 | $ 694 | $ 1,190 | $ 2,554 |
Class S Shares | $ 851 | $ 2,461 | $ 3,954 | $ 7,234 |
Class I Shares | $ 119 | $ 372 | $ 644 | $ 1,420 |
Class N Shares | $ 260 | $ 799 | $ 1,365 | $ 2,905 |
Class T Shares | $ 180 | $ 557 | $ 959 | $ 2,084 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 716 | $ 1,013 | $ 1,332 | $ 2,231 |
Class C Shares | $ 225 | $ 694 | $ 1,190 | $ 2,554 |
Class S Shares | $ 851 | $ 2,461 | $ 3,954 | $ 7,234 |
Class I Shares | $ 119 | $ 372 | $ 644 | $ 1,420 |
Class N Shares | $ 260 | $ 799 | $ 1,365 | $ 2,905 |
Class T Shares | $ 180 | $ 557 | $ 959 | $ 2,084 |
Principal investment strategies |
18 | Janus Henderson European Focus Fund |
Principal investment risks |
19 | Janus Henderson European Focus Fund |
20 | Janus Henderson European Focus Fund |
Performance information |
• | The performance shown for Class A Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund and is calculated using the fees and expenses of Class A Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class C Shares for periods prior to June 5, 2017, reflects the performance of Class C Shares of the Predecessor Fund and is calculated using the fees and expenses of Class C Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to June 5, 2017, reflects the performance of Class I Shares of the Predecessor Fund and is calculated using the fees and expenses of Class I Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers, except that for periods prior to March 31, 2009, performance shown for Class I Shares reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund and is calculated using the fees and expenses of Class R6 Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers, except that for periods prior to November 30, 2015, performance shown for Class N Shares reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class S Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class T Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
21 | Janus Henderson European Focus Fund |
Annual Total Returns for Class A Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 23.44% | Worst Quarter: 3rd Quarter 2011 – 28.31% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (8/31/01) | |
Class A Shares(1) | ||||
Return Before Taxes | 23.85% | – 0.22% | 4.14% | 11.13% |
Return After Taxes on Distributions | 23.88% | – 0.49% | 3.76% | 10.21% |
Return After Taxes on Distributions and Sale of Fund Shares(2) | 14.64% | – 0.01% | 3.34% | 9.52% |
MSCI
Europe Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.77% | 5.06% | 5.17% | 5.60% |
Class C Shares | ||||
Return Before Taxes(3) | 29.48% | 0.20% | 3.96% | 10.65% |
MSCI
Europe Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.77% | 5.06% | 5.17% | 5.60% |
Class S Shares | ||||
Return Before Taxes | 31.76% | 0.91% | 4.72% | 11.46% |
MSCI
Europe Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.77% | 5.06% | 5.17% | 5.60% |
Class I Shares | ||||
Return Before Taxes | 31.77% | 1.23% | 5.04% | 11.66% |
MSCI
Europe Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.77% | 5.06% | 5.17% | 5.60% |
22 | Janus Henderson European Focus Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (8/31/01) | |
Class N Shares | ||||
Return Before Taxes | 31.93% | 1.20% | 4.88% | 11.56% |
MSCI
Europe Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.77% | 5.06% | 5.17% | 5.60% |
Class T Shares | ||||
Return Before Taxes | 31.63% | 1.03% | 4.78% | 11.50% |
MSCI
Europe Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.77% | 5.06% | 5.17% | 5.60% |
(1) | Fund returns calculated assuming maximum permitted sales loads. |
(2) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
(3) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe. The performance of the Index is listed in U.S. dollars and assumes reinvestment of net dividends. |
Management |
23 | Janus Henderson European Focus Fund |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
Payments to broker-dealers and other financial intermediaries |
24 | Janus Henderson European Focus Fund |
Ticker: | HFQAX | Class A Shares | HFQSX | Class S Shares | HFQRX | Class N Shares |
HFQCX | Class C Shares | HFQIX | Class I Shares | HFQTX | Class T Shares |
Investment Objectives |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 0.20% | 0.12% | 0.46% | 0.12% | 0.08% | 0.30% | ||||||
Total Annual Fund Operating Expenses(1) | 1.12% | 1.79% | 1.38% | 0.79% | 0.75% | 0.97% | ||||||
Fee Waiver(1) | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | ||||||
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.12% | 1.79% | 1.34% | 0.79% | 0.75% | 0.97% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 0.84% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 683 | $ 911 | $ 1,156 | $ 1,860 |
Class C Shares | $ 282 | $ 563 | $ 970 | $ 2,105 |
Class S Shares | $ 140 | $ 437 | $ 755 | $ 1,657 |
25 | Janus Henderson Global Equity Income Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class I Shares | $ 81 | $ 252 | $ 439 | $ 978 |
Class N Shares | $ 77 | $ 240 | $ 417 | $ 930 |
Class T Shares | $ 99 | $ 309 | $ 536 | $ 1,190 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 683 | $ 911 | $ 1,156 | $ 1,860 |
Class C Shares | $ 182 | $ 563 | $ 970 | $ 2,105 |
Class S Shares | $ 140 | $ 437 | $ 755 | $ 1,657 |
Class I Shares | $ 81 | $ 252 | $ 439 | $ 978 |
Class N Shares | $ 77 | $ 240 | $ 417 | $ 930 |
Class T Shares | $ 99 | $ 309 | $ 536 | $ 1,190 |
Principal investment strategies |
26 | Janus Henderson Global Equity Income Fund |
Principal investment risks |
27 | Janus Henderson Global Equity Income Fund |
28 | Janus Henderson Global Equity Income Fund |
Performance information |
• | The performance shown for Class A Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund and is calculated using the fees and expenses of Class A Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class C Shares for periods prior to June 5, 2017, reflects the performance of Class C Shares of the Predecessor Fund and is calculated using the fees and expenses of Class C Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to June 5, 2017, reflects the performance of Class I Shares of the Predecessor Fund and is calculated using the fees and expenses of Class I Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers, except that for periods prior to March 31, 2009, performance shown for Class I Shares reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund and is calculated using the fees and expenses of Class R6 Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers, except that for periods prior to November 30, 2015, performance shown for Class N Shares reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class S Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
29 | Janus Henderson Global Equity Income Fund |
• | The performance shown for Class T Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
Annual Total Returns for Class A Shares (calendar year-end) |
![]() |
Best Quarter: 3rd Quarter 2010 12.58% | Worst Quarter: 3rd Quarter 2011 – 12.96% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (11/30/06) | |
Class A Shares(1) | ||||
Return Before Taxes | 13.94% | 3.56% | 5.45% | 3.72% |
Return After Taxes on Distributions | 12.65% | 2.33% | 4.39% | 2.78% |
Return After Taxes on Distributions and Sale of Fund Shares(2) | 10.01% | 2.96% | 4.62% | 3.28% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 5.91% |
MSCI
World High Dividend Yield Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.15% | 7.31% | 8.22% | 4.73% |
Class C Shares | ||||
Return Before Taxes(3) | 19.26% | 4.08% | 5.31% | 3.44% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 5.91% |
MSCI
World High Dividend Yield Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.15% | 7.31% | 8.22% | 4.73% |
30 | Janus Henderson Global Equity Income Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (11/30/06) | |
Class S Shares | ||||
Return Before Taxes | 20.76% | 4.63% | 5.98% | 4.12% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 5.91% |
MSCI
World High Dividend Yield Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.15% | 7.31% | 8.22% | 4.73% |
Class I Shares | ||||
Return Before Taxes | 21.37% | 5.11% | 6.38% | 4.44% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 5.91% |
MSCI
World High Dividend Yield Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.15% | 7.31% | 8.22% | 4.73% |
Class N Shares | ||||
Return Before Taxes | 21.43% | 5.11% | 6.24% | 4.32% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 5.91% |
MSCI
World High Dividend Yield Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.15% | 7.31% | 8.22% | 4.73% |
Class T Shares | ||||
Return Before Taxes | 21.10% | 4.88% | 6.12% | 4.23% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 5.91% |
MSCI
World High Dividend Yield Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.15% | 7.31% | 8.22% | 4.73% |
(1) | Fund returns calculated assuming maximum permitted sales loads. |
(2) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
(3) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed market countries in North America, Europe, and the Asia/Pacific Region. |
• | The MSCI World High Dividend Yield Index is designed to reflect the performance of the high dividend yield securities contained within the broader MSCI World Index. The index includes large- and mid-capitalization stocks from developed markets across the Americas, Asia-Pacific, and Europe. |
31 | Janus Henderson Global Equity Income Fund |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
32 | Janus Henderson Global Equity Income Fund |
Payments to broker-dealers and other financial intermediaries |
33 | Janus Henderson Global Equity Income Fund |
Ticker: | JFNAX | Class A Shares | JFNSX | Class S Shares | JFNNX | Class N Shares |
JFNCX | Class C Shares | JFNIX | Class I Shares | JAGLX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 0.11% | 0.13% | 0.30% | 0.13% | 0.04% | 0.28% | ||||||
Total Annual Fund Operating Expenses | 1.00% | 1.77% | 1.19% | 0.77% | 0.68% | 0.92% |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 671 | $ 875 | $ 1,096 | $ 1,729 |
Class C Shares | $ 280 | $ 557 | $ 959 | $ 2,084 |
Class S Shares | $ 121 | $ 378 | $ 654 | $ 1,443 |
Class I Shares | $ 79 | $ 246 | $ 428 | $ 954 |
Class N Shares | $ 69 | $ 218 | $ 379 | $ 847 |
Class T Shares | $ 94 | $ 293 | $ 509 | $ 1,131 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 671 | $ 875 | $ 1,096 | $ 1,729 |
Class C Shares | $ 180 | $ 557 | $ 959 | $ 2,084 |
34 | Janus Henderson Global Life Sciences Fund |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class S Shares | $ 121 | $ 378 | $ 654 | $ 1,443 |
Class I Shares | $ 79 | $ 246 | $ 428 | $ 954 |
Class N Shares | $ 69 | $ 218 | $ 379 | $ 847 |
Class T Shares | $ 94 | $ 293 | $ 509 | $ 1,131 |
Principal investment strategies |
Principal investment risks |
35 | Janus Henderson Global Life Sciences Fund |
36 | Janus Henderson Global Life Sciences Fund |
Performance information |
• | The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to January 26, 2018, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. |
Annual Total Returns for Class T Shares (calendar year-end) |
![]() |
Best Quarter: 4th Quarter 2019 18.83% | Worst Quarter: 3rd Quarter 2011 – 13.53% |
37 | Janus Henderson Global Life Sciences Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (12/31/98) | |
Class T Shares | ||||
Return Before Taxes | 29.11% | 9.34% | 16.84% | 11.74% |
Return After Taxes on Distributions | 27.23% | 7.68% | 15.33% | 11.04% |
Return After Taxes on Distributions and Sale of Fund Shares | 18.43% | 6.96% | 13.87% | 10.19% |
MSCI
World Health Care Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.24% | 8.50% | 12.29% | 6.58% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
Class A Shares | ||||
Return Before Taxes(1) | 21.56% | 7.95% | 16.04% | 11.29% |
MSCI
World Health Care Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.24% | 8.50% | 12.29% | 6.58% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
Class C Shares | ||||
Return Before Taxes(2) | 27.10% | 8.42% | 15.86% | 10.78% |
MSCI
World Health Care Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.24% | 8.50% | 12.29% | 6.58% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
Class S Shares | ||||
Return Before Taxes | 28.74% | 9.07% | 16.55% | 11.44% |
MSCI
World Health Care Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.24% | 8.50% | 12.29% | 6.58% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
Class I Shares | ||||
Return Before Taxes | 29.28% | 9.51% | 17.00% | 11.82% |
MSCI
World Health Care Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.24% | 8.50% | 12.29% | 6.58% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
Class N Shares | ||||
Return Before Taxes | 29.39% | 9.43% | 16.89% | 11.76% |
MSCI
World Health Care Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.24% | 8.50% | 12.29% | 6.58% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
38 | Janus Henderson Global Life Sciences Fund |
• | The MSCI World Health Care Index is a capitalization weighted index that measures the performance of health care stocks from developed market countries in North America, Europe, and the Asia/Pacific Region. The index includes reinvestment of dividends, net of foreign withholding taxes. |
• | The S&P 500 Index is a commonly recognized, market capitalization-weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance. |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
39 | Janus Henderson Global Life Sciences Fund |
Tax information |
Payments to broker-dealers and other financial intermediaries |
40 | Janus Henderson Global Life Sciences Fund |
Ticker: | JERAX | Class A Shares | JERSX | Class S Shares | JERNX | Class N Shares |
JERCX | Class C Shares | JERIX | Class I Shares | JERTX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees(1) | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 0.26% | 0.27% | 0.47% | 0.24% | 0.14% | 0.38% | ||||||
Acquired Fund(2) Fees and Expenses | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | ||||||
Total Annual Fund Operating Expenses(3) | 1.37% | 2.13% | 1.58% | 1.10% | 1.00% | 1.24% | ||||||
Fee Waiver(3) | 0.01% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | ||||||
Total Annual Fund Operating Expenses After Fee Waiver(3) | 1.36% | 2.13% | 1.53% | 1.10% | 1.00% | 1.24% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
(2) | “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. Acquired fund fees and expenses are indirect expenses a fund may incur as a result of investing in shares of an underlying fund. To the extent that the Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights tables because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. |
(3) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding any performance adjustments to management fees, the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 0.91% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
41 | Janus Henderson Global Real Estate Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 706 | $ 984 | $ 1,282 | $ 2,127 |
Class C Shares | $ 316 | $ 667 | $ 1,144 | $ 2,462 |
Class S Shares | $ 161 | $ 499 | $ 860 | $ 1,878 |
Class I Shares | $ 112 | $ 350 | $ 606 | $ 1,340 |
Class N Shares | $ 102 | $ 318 | $ 552 | $ 1,225 |
Class T Shares | $ 126 | $ 393 | $ 681 | $ 1,500 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 706 | $ 984 | $ 1,282 | $ 2,127 |
Class C Shares | $ 216 | $ 667 | $ 1,144 | $ 2,462 |
Class S Shares | $ 161 | $ 499 | $ 860 | $ 1,878 |
Class I Shares | $ 112 | $ 350 | $ 606 | $ 1,340 |
Class N Shares | $ 102 | $ 318 | $ 552 | $ 1,225 |
Class T Shares | $ 126 | $ 393 | $ 681 | $ 1,500 |
Principal investment strategies |
42 | Janus Henderson Global Real Estate Fund |
Principal investment risks |
43 | Janus Henderson Global Real Estate Fund |
Performance information |
• | The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares, and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to January 26, 2018, reflects the performance of the Fund’s Class I Shares from July 6, 2009, calculated using the fees and expenses of Class I Shares, net of any applicable fee and expense limitations or waivers. The performance shown for Class N Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, calculated using the fees and expenses of Class I Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers. |
44 | Janus Henderson Global Real Estate Fund |
Annual Total Returns for Class I Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 16.29% | Worst Quarter: 3rd Quarter 2011 – 20.40% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years |
10 Years |
Since
Inception of Predecessor Fund (11/28/07) | |
Class I Shares | ||||
Return Before Taxes | 30.88% | 8.66% | 9.85% | 6.69% |
Return After Taxes on Distributions | 28.74% | 6.77% | 8.38% | 5.36% |
Return After Taxes on Distributions and Sale of Fund Shares | 18.53% | 5.99% | 7.45% | 4.83% |
FTSE
EPRA Nareit Global Index (reflects no deduction for expenses, fees, or taxes) |
23.58% | 6.94% | 8.91% | 4.28% |
FTSE
EPRA Nareit Global Net Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.50% | 6.03% | 8.10% | N/A |
Class A Shares | ||||
Return Before Taxes(1) | 23.12% | 7.12% | 8.90% | 5.88% |
FTSE
EPRA Nareit Global Index (reflects no deduction for expenses, fees, or taxes) |
23.58% | 6.94% | 8.91% | 4.28% |
FTSE
EPRA Nareit Global Net Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.50% | 6.03% | 8.10% | N/A |
Class C Shares | ||||
Return Before Taxes(2) | 28.61% | 7.57% | 8.73% | 5.66% |
FTSE
EPRA Nareit Global Index (reflects no deduction for expenses, fees, or taxes) |
23.58% | 6.94% | 8.91% | 4.28% |
FTSE
EPRA Nareit Global Net Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.50% | 6.03% | 8.10% | N/A |
Class S Shares | ||||
Return Before Taxes | 30.24% | 8.19% | 9.38% | 6.24% |
FTSE
EPRA Nareit Global Index (reflects no deduction for expenses, fees, or taxes) |
23.58% | 6.94% | 8.91% | 4.28% |
FTSE
EPRA Nareit Global Net Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.50% | 6.03% | 8.10% | N/A |
45 | Janus Henderson Global Real Estate Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years |
10 Years |
Since
Inception of Predecessor Fund (11/28/07) | |
Class N Shares | ||||
Return Before Taxes | 30.93% | 8.68% | 9.86% | 6.69% |
FTSE
EPRA Nareit Global Index (reflects no deduction for expenses, fees, or taxes) |
23.58% | 6.94% | 8.91% | 4.28% |
FTSE
EPRA Nareit Global Net Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.50% | 6.03% | 8.10% | N/A |
Class T Shares | ||||
Return Before Taxes | 30.74% | 8.49% | 9.69% | 6.06% |
FTSE
EPRA Nareit Global Index (reflects no deduction for expenses, fees, or taxes) |
23.58% | 6.94% | 8.91% | 4.28% |
FTSE
EPRA Nareit Global Net Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.50% | 6.03% | 8.10% | N/A |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
• | The FTSE EPRA Nareit Global Index and the Net Index are global market capitalization-weighted indices composed of listed real estate securities in the North American, European, Asian, and South American real estate markets including both developed and emerging market countries. |
46 | Janus Henderson Global Real Estate Fund |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
47 | Janus Henderson Global Real Estate Fund |
Payments to broker-dealers and other financial intermediaries |
48 | Janus Henderson Global Real Estate Fund |
Ticker: | JDWAX | Class A Shares | JWGRX | Class S Shares | JDWNX | Class N Shares | JAWWX | Class T Shares |
JWWCX | Class C Shares | JWWFX | Class I Shares | JDWRX | Class R Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class R | Class T | |||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | None | |||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | None | |||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class R | Class T | |||||||
Management Fees(1) | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | |||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | 0.50% | None | |||||||
Other Expenses | 0.43% | 0.18% | 0.29% | 0.10% | 0.04% | 0.33% | 0.29% | |||||||
Total Annual Fund Operating Expenses | 1.32% | 1.82% | 1.18% | 0.74% | 0.68% | 1.47% | 0.93% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 702 | $ 969 | $ 1,257 | $ 2,074 |
Class C Shares | $ 285 | $ 573 | $ 985 | $ 2,137 |
Class S Shares | $ 120 | $ 375 | $ 649 | $ 1,432 |
Class I Shares | $ 76 | $ 237 | $ 411 | $ 918 |
Class N Shares | $ 69 | $ 218 | $ 379 | $ 847 |
Class R Shares | $ 150 | $ 465 | $ 803 | $ 1,757 |
Class T Shares | $ 95 | $ 296 | $ 515 | $ 1,143 |
49 | Janus Henderson Global Research Fund |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 702 | $ 969 | $ 1,257 | $ 2,074 |
Class C Shares | $ 185 | $ 573 | $ 985 | $ 2,137 |
Class S Shares | $ 120 | $ 375 | $ 649 | $ 1,432 |
Class I Shares | $ 76 | $ 237 | $ 411 | $ 918 |
Class N Shares | $ 69 | $ 218 | $ 379 | $ 847 |
Class R Shares | $ 150 | $ 465 | $ 803 | $ 1,757 |
Class T Shares | $ 95 | $ 296 | $ 515 | $ 1,143 |
Principal investment strategies |
50 | Janus Henderson Global Research Fund |
Principal investment risks |
51 | Janus Henderson Global Research Fund |
Performance information |
• | The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to August 4, 2017, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class R Shares for periods prior to March 15, 2013, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class R Shares, without the effect of any fee and expense limitations or waivers. |
52 | Janus Henderson Global Research Fund |
Annual Total Returns for Class T Shares (calendar year-end) |
![]() |
Best Quarter: 3rd Quarter 2010 16.68% | Worst Quarter: 3rd Quarter 2011 – 18.51% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (2/25/05) | |
Class T Shares | ||||
Return Before Taxes | 28.78% | 8.62% | 10.12% | 9.20% |
Return After Taxes on Distributions | 27.35% | 7.93% | 9.71% | 8.67% |
Return After Taxes on Distributions and Sale of Fund Shares | 18.01% | 6.71% | 8.31% | 7.61% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.93% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.84% |
Class A Shares | ||||
Return Before Taxes(1) | 21.14% | 7.13% | 9.32% | 8.66% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.93% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.84% |
Class C Shares | ||||
Return Before Taxes(2) | 26.68% | 7.68% | 9.16% | 8.28% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.93% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.84% |
53 | Janus Henderson Global Research Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (2/25/05) | |
Class S Shares | ||||
Return Before Taxes | 28.47% | 8.34% | 9.83% | 8.91% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.93% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.84% |
Class I Shares | ||||
Return Before Taxes | 29.01% | 8.80% | 10.29% | 9.32% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.93% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.84% |
Class N Shares | ||||
Return Before Taxes | 29.09% | 8.74% | 10.18% | 9.24% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.93% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.84% |
Class R Shares | ||||
Return Before Taxes | 28.07% | 8.05% | 9.59% | 8.70% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.93% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.84% |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed market countries in North America, Europe, and the Asia/Pacific Region. The index includes reinvestment of dividends, net of foreign withholding taxes. |
• | The MSCI All Country World Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world. It is designed to measure equity market performance in global developed and emerging markets. The index includes reinvestment of dividends, net of foreign withholding taxes. |
54 | Janus Henderson Global Research Fund |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, Class R Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
55 | Janus Henderson Global Research Fund |
Payments to broker-dealers and other financial intermediaries |
56 | Janus Henderson Global Research Fund |
Ticker: | JORAX | Class A Shares | JORIX | Class S Shares | JSLNX | Class N Shares | JORNX | Class T Shares |
JORCX | Class C Shares | JORFX | Class I Shares | JORRX | Class R Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class R | Class T | |||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | None | |||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | None | |||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class R | Class T | |||||||
Management Fees | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | |||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | 0.50% | None | |||||||
Other Expenses | 0.19% | 0.34% | 1.58% | 0.16% | 0.05% | 1.81% | 0.29% | |||||||
Total Annual Fund Operating Expenses(1) | 1.08% | 1.98% | 2.47% | 0.80% | 0.69% | 2.95% | 0.93% | |||||||
Fee Waiver(1) | 0.00% | 0.00% | 1.09% | 0.00% | 0.00% | 1.32% | 0.00% | |||||||
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.08% | 1.98% | 1.38% | 0.80% | 0.69% | 1.63% | 0.93% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 0.87% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 679 | $ 899 | $ 1,136 | $ 1,816 |
Class C Shares | $ 301 | $ 621 | $ 1,068 | $ 2,306 |
57 | Janus Henderson Global Select Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class S Shares | $ 250 | $ 770 | $ 1,316 | $ 2,806 |
Class I Shares | $ 82 | $ 255 | $ 444 | $ 990 |
Class N Shares | $ 70 | $ 221 | $ 384 | $ 859 |
Class R Shares | $ 298 | $ 913 | $ 1,552 | $ 3,271 |
Class T Shares | $ 95 | $ 296 | $ 515 | $ 1,143 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 679 | $ 899 | $ 1,136 | $ 1,816 |
Class C Shares | $ 201 | $ 621 | $ 1,068 | $ 2,306 |
Class S Shares | $ 250 | $ 770 | $ 1,316 | $ 2,806 |
Class I Shares | $ 82 | $ 255 | $ 444 | $ 990 |
Class N Shares | $ 70 | $ 221 | $ 384 | $ 859 |
Class R Shares | $ 298 | $ 913 | $ 1,552 | $ 3,271 |
Class T Shares | $ 95 | $ 296 | $ 515 | $ 1,143 |
Principal investment strategies |
Principal investment risks |
58 | Janus Henderson Global Select Fund |
59 | Janus Henderson Global Select Fund |
60 | Janus Henderson Global Select Fund |
Performance information |
• | The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to August 4, 2017, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. |
61 | Janus Henderson Global Select Fund |
Annual Total Returns for Class T Shares (calendar year-end) |
![]() |
Best Quarter: 3rd Quarter 2010 18.64% | Worst Quarter: 3rd Quarter 2011 – 23.03% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (6/30/00) | |
Class T Shares | ||||
Return Before Taxes | 27.32% | 8.19% | 7.53% | 3.94% |
Return After Taxes on Distributions | 26.07% | 7.08% | 6.93% | 3.61% |
Return After Taxes on Distributions and Sale of Fund Shares | 17.06% | 6.30% | 6.06% | 3.17% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 4.79% |
Class A Shares | ||||
Return Before Taxes(1) | 19.84% | 6.78% | 6.75% | 3.54% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 4.79% |
Class C Shares | ||||
Return Before Taxes(2) | 25.10% | 7.18% | 6.52% | 3.04% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 4.79% |
Class S Shares | ||||
Return Before Taxes | 26.70% | 7.82% | 7.26% | 3.69% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 4.79% |
Class I Shares | ||||
Return Before Taxes | 27.42% | 8.35% | 7.70% | 4.03% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 4.79% |
62 | Janus Henderson Global Select Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (6/30/00) | |
Class N Shares | ||||
Return Before Taxes | 27.55% | 8.30% | 7.59% | 3.96% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 4.79% |
Class R Shares | ||||
Return Before Taxes | 26.46% | 7.54% | 6.93% | 3.40% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 4.79% |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI All Country World Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world. It is designed to measure equity market performance in global developed and emerging markets. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
63 | Janus Henderson Global Select Fund |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, Class R Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
Payments to broker-dealers and other financial intermediaries |
64 | Janus Henderson Global Select Fund |
Ticker: | JATAX | Class A Shares | JATSX | Class S Shares | JATNX | Class N Shares |
JAGCX | Class C Shares | JATIX | Class I Shares | JAGTX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 0.12% | 0.12% | 0.33% | 0.12% | 0.05% | 0.29% | ||||||
Total Annual Fund Operating Expenses(1) | 1.01% | 1.76% | 1.22% | 0.76% | 0.69% | 0.93% | ||||||
Fee Waiver(1) | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | ||||||
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.01% | 1.76% | 1.21% | 0.76% | 0.69% | 0.93% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 0.71% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 672 | $ 878 | $ 1,101 | $ 1,740 |
Class C Shares | $ 279 | $ 554 | $ 954 | $ 2,073 |
65 | Janus Henderson Global Technology and Innovation Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class S Shares | $ 124 | $ 387 | $ 670 | $ 1,477 |
Class I Shares | $ 78 | $ 243 | $ 422 | $ 942 |
Class N Shares | $ 70 | $ 221 | $ 384 | $ 859 |
Class T Shares | $ 95 | $ 296 | $ 515 | $ 1,143 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 672 | $ 878 | $ 1,101 | $ 1,740 |
Class C Shares | $ 179 | $ 554 | $ 954 | $ 2,073 |
Class S Shares | $ 124 | $ 387 | $ 670 | $ 1,477 |
Class I Shares | $ 78 | $ 243 | $ 422 | $ 942 |
Class N Shares | $ 70 | $ 221 | $ 384 | $ 859 |
Class T Shares | $ 95 | $ 296 | $ 515 | $ 1,143 |
Principal investment strategies |
• | companies that the portfolio managers believe have or will develop products, processes, or services that will provide significant technological advancements or improvements; and |
• | companies that the portfolio managers believe rely extensively on technology in connection with their operations or services. |
66 | Janus Henderson Global Technology and Innovation Fund |
Principal investment risks |
67 | Janus Henderson Global Technology and Innovation Fund |
68 | Janus Henderson Global Technology and Innovation Fund |
Performance information |
• | The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to January 27, 2017, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. |
69 | Janus Henderson Global Technology and Innovation Fund |
Annual Total Returns for Class T Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2019 21.34% | Worst Quarter: 4th Quarter 2018 – 16.30% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (12/31/98) | |
Class T Shares | ||||
Return Before Taxes | 45.06% | 20.22% | 17.56% | 9.86% |
Return After Taxes on Distributions | 42.29% | 18.19% | 15.92% | 9.08% |
Return After Taxes on Distributions and Sale of Fund Shares | 28.61% | 15.90% | 14.39% | 8.31% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
MSCI
All Country World Information Technology Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
46.89% | 17.83% | 15.05% | 6.52% |
Class A Shares | ||||
Return Before Taxes(1) | 36.55% | 18.67% | 16.71% | 9.41% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
MSCI
All Country World Information Technology Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
46.89% | 17.83% | 15.05% | 6.52% |
Class C Shares | ||||
Return Before Taxes(2) | 42.94% | 19.28% | 16.59% | 8.94% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
MSCI
All Country World Information Technology Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
46.89% | 17.83% | 15.05% | 6.52% |
Class S Shares | ||||
Return Before Taxes | 44.61% | 19.91% | 17.25% | 9.57% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
MSCI
All Country World Information Technology Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
46.89% | 17.83% | 15.05% | 6.52% |
70 | Janus Henderson Global Technology and Innovation Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (12/31/98) | |
Class I Shares | ||||
Return Before Taxes | 45.25% | 20.41% | 17.73% | 9.94% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
MSCI
All Country World Information Technology Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
46.89% | 17.83% | 15.05% | 6.52% |
Class N Shares | ||||
Return Before Taxes | 45.37% | 20.39% | 17.64% | 9.90% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
MSCI
All Country World Information Technology Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
46.89% | 17.83% | 15.05% | 6.52% |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
• | The S&P 500 Index is a commonly recognized, market capitalization-weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance. |
• | The MSCI All Country World Information Technology Index is a capitalization weighted index that measures the performance of information technology securities from developed market countries and emerging market countries. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
71 | Janus Henderson Global Technology and Innovation Fund |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
Payments to broker-dealers and other financial intermediaries |
72 | Janus Henderson Global Technology and Innovation Fund |
Ticker: | JPPAX | Class A Shares | JPPSX | Class S Shares | JPPNX | Class N Shares |
JPPCX | Class C Shares | JPPIX | Class I Shares | JGVAX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees(1) | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 0.29% | 0.31% | 2.76% | 0.55% | 0.27% | 0.41% | ||||||
Total Annual Fund Operating Expenses | 1.01% | 1.78% | 3.48% | 1.02% | 0.74% | 0.88% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 672 | $ 878 | $ 1,101 | $ 1,740 |
Class C Shares | $ 281 | $ 560 | $ 964 | $ 2,095 |
Class S Shares | $ 351 | $ 1,068 | $ 1,807 | $ 3,756 |
Class I Shares | $ 104 | $ 325 | $ 563 | $ 1,248 |
Class N Shares | $ 76 | $ 237 | $ 411 | $ 918 |
Class T Shares | $ 90 | $ 281 | $ 488 | $ 1,084 |
73 | Janus Henderson Global Value Fund |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 672 | $ 878 | $ 1,101 | $ 1,740 |
Class C Shares | $ 181 | $ 560 | $ 964 | $ 2,095 |
Class S Shares | $ 351 | $ 1,068 | $ 1,807 | $ 3,756 |
Class I Shares | $ 104 | $ 325 | $ 563 | $ 1,248 |
Class N Shares | $ 76 | $ 237 | $ 411 | $ 918 |
Class T Shares | $ 90 | $ 281 | $ 488 | $ 1,084 |
Principal investment strategies |
• | 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; |
• | durable competitive advantages that are trading at attractive valuations; and |
• | strong long-term prospects. |
Principal investment risks |
74 | Janus Henderson Global Value Fund |
Performance information |
• | The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
75 | Janus Henderson Global Value Fund |
• | The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to May 31, 2012, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. |
Annual Total Returns for Class T Shares (calendar year-end) |
![]() |
Best Quarter: 3rd Quarter 2010 10.33% | Worst Quarter: 3rd Quarter 2011 – 9.61% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (6/29/01) | |
Class T Shares | ||||
Return Before Taxes | 18.14% | 5.73% | 7.85% | 6.60% |
Return After Taxes on Distributions | 16.18% | 4.49% | 6.68% | 5.69% |
Return After Taxes on Distributions and Sale of Fund Shares | 11.92% | 4.32% | 6.23% | 5.41% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.31% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.38% |
76 | Janus Henderson Global Value Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (6/29/01) | |
Class A Shares | ||||
Return Before Taxes(1) | 11.09% | 4.36% | 7.10% | 6.08% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.31% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.38% |
Class C Shares | ||||
Return Before Taxes(2) | 16.09% | 4.83% | 7.03% | 5.69% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.31% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.38% |
Class S Shares | ||||
Return Before Taxes | 15.25% | 4.55% | 7.13% | 6.07% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.31% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.38% |
Class I Shares | ||||
Return Before Taxes | 18.19% | 5.85% | 7.95% | 6.64% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.31% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.38% |
Class N Shares | ||||
Return Before Taxes | 18.19% | 5.93% | 8.03% | 6.70% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.31% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.38% |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed market countries in North America, Europe, and the Asia/Pacific Region. The index includes reinvestment of dividends, net of foreign withholding taxes. |
77 | Janus Henderson Global Value Fund |
• | The MSCI All Country World Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world. It is designed to measure equity market performance in global developed and emerging markets. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
78 | Janus Henderson Global Value Fund |
Tax information |
Payments to broker-dealers and other financial intermediaries |
79 | Janus Henderson Global Value Fund |
Ticker: | HFOAX | Class A Shares | HFOQX | Class S Shares | HFOSX | Class N Shares | HFOTX | Class T Shares |
HFOCX | Class C Shares | HFOIX | Class I Shares | HFORX | Class R Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class R | Class T | |||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | None | |||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | None | |||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class R | Class T | |||||||
Management Fees | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | |||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | 0.50% | None | |||||||
Other Expenses | 0.22% | 0.18% | 0.54% | 0.14% | 0.09% | 0.37% | 0.50% | |||||||
Total Annual Fund Operating Expenses(1) | 1.45% | 2.16% | 1.77% | 1.12% | 1.07% | 1.85% | 1.48% | |||||||
Fee Waiver(1) | 0.19% | 0.18% | 0.39% | 0.16% | 0.19% | 0.26% | 0.35% | |||||||
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.26% | 1.98% | 1.38% | 0.96% | 0.88% | 1.59% | 1.13% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed 0.88% for at least a one-year period commencing on January 28, 2020. In addition, for at least a one-year period commencing on January 28, 2020, Janus Capital has agreed to reduce the administrative services fee payable by the Fund’s Class R Shares pursuant to the Fund’s Transfer Agency Agreement so that such fees do not exceed 0.21% of Class R Shares’ average daily net assets. The contractual waivers may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
80 | Janus Henderson International Opportunities Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 714 | $ 1,007 | $ 1,322 | $ 2,210 |
Class C Shares | $ 319 | $ 676 | $ 1,159 | $ 2,493 |
Class S Shares | $ 180 | $ 557 | $ 959 | $ 2,084 |
Class I Shares | $ 114 | $ 356 | $ 617 | $ 1,363 |
Class N Shares | $ 109 | $ 340 | $ 590 | $ 1,306 |
Class R Shares | $ 188 | $ 582 | $ 1,001 | $ 2,169 |
Class T Shares | $ 151 | $ 468 | $ 808 | $ 1,768 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 714 | $ 1,007 | $ 1,322 | $ 2,210 |
Class C Shares | $ 219 | $ 676 | $ 1,159 | $ 2,493 |
Class S Shares | $ 180 | $ 557 | $ 959 | $ 2,084 |
Class I Shares | $ 114 | $ 356 | $ 617 | $ 1,363 |
Class N Shares | $ 109 | $ 340 | $ 590 | $ 1,306 |
Class R Shares | $ 188 | $ 582 | $ 1,001 | $ 2,169 |
Class T Shares | $ 151 | $ 468 | $ 808 | $ 1,768 |
Principal investment strategies |
81 | Janus Henderson International Opportunities Fund |
Principal investment risks |
82 | Janus Henderson International Opportunities Fund |
Performance information |
83 | Janus Henderson International Opportunities Fund |
• | The performance shown for Class A Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund and is calculated using the fees and expenses of Class A Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class C Shares for periods prior to June 5, 2017, reflects the performance of Class C Shares of the Predecessor Fund and is calculated using the fees and expenses of Class C Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class R Shares for periods prior to June 5, 2017, reflects the performance of Class R Shares of the Predecessor Fund and is calculated using the fees and expenses of Class R Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers, except that for periods prior to September 30, 2005, performance shown for Class R Shares reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to June 5, 2017, reflects the performance of Class I Shares of the Predecessor Fund and is calculated using the fees and expenses of Class I Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers, except that for periods prior to March 31, 2009, performance shown for Class I Shares reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund and is calculated using the fees and expenses of Class R6 Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers, except that for periods prior to November 30, 2015, performance shown for Class N Shares reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class S Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class T Shares for periods prior to June 5, 2017, reflects the performance of Class A Shares of the Predecessor Fund, calculated using the fees and expenses of Class A Shares of the Predecessor Fund (without sales charges), net of any applicable fee and expense limitations or waivers. |
84 | Janus Henderson International Opportunities Fund |
Annual Total Returns for Class A Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 16.30% | Worst Quarter: 3rd Quarter 2011 – 21.11% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (8/31/01) | |
Class A Shares(1) | ||||
Return Before Taxes | 19.09% | 2.79% | 4.48% | 7.72% |
Return After Taxes on Distributions | 18.34% | 1.88% | 4.06% | 7.22% |
Return After Taxes on Distributions and Sale of Fund Shares(2) | 12.25% | 2.19% | 3.68% | 6.58% |
MSCI
ACWI ex-USA Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | 6.25% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.50% | 5.65% |
Class C Shares | ||||
Return Before Taxes(3) | 24.58% | 3.25% | 4.31% | 7.27% |
MSCI
ACWI ex-USA Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | 6.25% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.50% | 5.65% |
Class S Shares | ||||
Return Before Taxes | 26.24% | 3.89% | 5.03% | 8.03% |
MSCI
ACWI ex-USA Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | 6.25% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.50% | 5.65% |
Class I Shares | ||||
Return Before Taxes | 26.71% | 4.30% | 5.39% | 8.25% |
MSCI
ACWI ex-USA Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | 6.25% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.50% | 5.65% |
85 | Janus Henderson International Opportunities Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (8/31/01) | |
Class N Shares | ||||
Return Before Taxes | 26.79% | 4.27% | 5.23% | 8.14% |
MSCI
ACWI ex-USA Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | 6.25% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.50% | 5.65% |
Class R Shares | ||||
Return Before Taxes | 25.96% | 3.68% | 4.77% | 7.82% |
MSCI
ACWI ex-USA Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | 6.25% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.50% | 5.65% |
Class T Shares | ||||
Return Before Taxes | 26.54% | 4.07% | 5.13% | 8.08% |
MSCI
ACWI ex-USA Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | 6.25% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.50% | 5.65% |
(1) | Fund returns calculated assuming maximum permitted sales loads. |
(2) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
(3) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI ACWI ex-USA Index is an unmanaged, free float-adjusted, market capitalization weighted index composed of stocks of large and mid-cap companies located in countries throughout the world, excluding the United States. |
• | The MSCI EAFE (Europe, Australasia, Far East) Index is a free float-adjusted market capitalization index designed to measure developed market equity performance. The MSCI EAFE Index is composed of companies representative of the market structure of developed market countries. |
86 | Janus Henderson International Opportunities Fund |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, Class R Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
Payments to broker-dealers and other financial intermediaries |
87 | Janus Henderson International Opportunities Fund |
Ticker: | HIZAX | Class A Shares | HIZSX | Class S Shares | HIZRX | Class N Shares |
HIZCX | Class C Shares | HIZIX | Class I Shares | HIZTX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 6.36% | 8.47% | 9.03% | 8.22% | 2.40% | 3.77% | ||||||
Total Annual Fund Operating Expenses(1) | 7.60% | 10.46% | 10.27% | 9.21% | 3.39% | 4.76% | ||||||
Fee Waiver(1) | 6.29% | 8.41% | 8.77% | 8.16% | 2.40% | 3.51% | ||||||
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.31% | 2.05% | 1.50% | 1.05% | 0.99% | 1.25% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 0.98% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 1,282 | $ 2,641 | $ 3,931 | $ 6,873 |
Class C Shares | $ 1,117 | $ 2,889 | $ 4,561 | $ 8,006 |
Class S Shares | $ 1,000 | $ 2,845 | $ 4,500 | $ 7,932 |
Class I Shares | $ 902 | $ 2,593 | $ 4,144 | $ 7,486 |
88 | Janus Henderson International Small Cap Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class N Shares | $ 342 | $ 1,042 | $ 1,765 | $ 3,676 |
Class T Shares | $ 477 | $ 1,433 | $ 2,394 | $ 4,818 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 1,282 | $ 2,641 | $ 3,931 | $ 6,873 |
Class C Shares | $ 1,017 | $ 2,889 | $ 4,561 | $ 8,006 |
Class S Shares | $ 1,000 | $ 2,845 | $ 4,500 | $ 7,932 |
Class I Shares | $ 902 | $ 2,593 | $ 4,144 | $ 7,486 |
Class N Shares | $ 342 | $ 1,042 | $ 1,765 | $ 3,676 |
Class T Shares | $ 477 | $ 1,433 | $ 2,394 | $ 4,818 |
Principal investment strategies |
89 | Janus Henderson International Small Cap Fund |
Principal investment risks |
90 | Janus Henderson International Small Cap Fund |
Performance information |
91 | Janus Henderson International Small Cap Fund |
• | The performance shown for Class N Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund and is calculated using the fees and expenses of R6 Shares of the Predecessor Fund, in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class A Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund, calculated using the estimated fees and expenses of Class A Shares, net of any fee and expense limitations or waivers. |
• | The performance shown for Class C Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund, calculated using the estimated fees and expenses of Class C Shares, net of any fee and expense limitations or waivers. |
• | The performance shown for Class I Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund, calculated using the estimated fees and expenses of Class I Shares, net of any fee and expense limitations or waivers. |
• | The performance shown for Class S Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund, calculated using the estimated fees and expenses of Class S Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class T Shares for periods prior to June 5, 2017, reflects the performance of Class R6 Shares of the Predecessor Fund, calculated using the estimated fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. |
Annual Total Returns for Class N Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2019 11.71% | Worst Quarter: 4th Quarter 2018 – 21.31% |
92 | Janus Henderson International Small Cap Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||
1 Year | Since
Inception (12/15/16) | |
Class N Shares | ||
Return Before Taxes | 24.13% | 8.46% |
Return After Taxes on Distributions | 23.75% | 7.22% |
Return After Taxes on Distributions and Sale of Fund Shares | 15.06% | 6.41% |
MSCI
EAFE® Small Cap Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
24.96% | 11.69% |
Class A Shares | ||
Return Before Taxes(1) | 16.76% | 5.74% |
MSCI
EAFE® Small Cap Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
24.96% | 11.69% |
Class C Shares | ||
Return Before Taxes(2) | 22.87% | 7.29% |
MSCI
EAFE® Small Cap Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
24.96% | 11.69% |
Class S Shares | ||
Return Before Taxes | 24.02% | 7.75% |
MSCI
EAFE® Small Cap Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
24.96% | 11.69% |
Class I Shares | ||
Return Before Taxes | 24.07% | 8.04% |
MSCI
EAFE® Small Cap Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
24.96% | 11.69% |
Class T Shares | ||
Return Before Taxes | 23.85% | 7.86% |
MSCI
EAFE® Small Cap Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
24.96% | 11.69% |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI EAFE Small Cap Index is an equity index that reflects the performance of small capitalization equities across developed markets, excluding the U.S. and Canada. |
93 | Janus Henderson International Small Cap Fund |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
94 | Janus Henderson International Small Cap Fund |
Payments to broker-dealers and other financial intermediaries |
95 | Janus Henderson International Small Cap Fund |
Ticker: | JIFAX | Class A Shares | JIFSX | Class S Shares | JIFNX | Class N Shares |
JIFCX | Class C Shares | JIFIX | Class I Shares | JIFTX | Class T Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | ||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class T | ||||||
Management Fees | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | None | ||||||
Other Expenses | 1.41% | 2.18% | 2.88% | 0.68% | 0.59% | 1.15% | ||||||
Total Annual Fund Operating Expenses(1) | 2.46% | 3.98% | 3.93% | 1.48% | 1.39% | 1.95% | ||||||
Fee Waiver(1) | 1.27% | 2.07% | 2.56% | 0.51% | 0.53% | 0.84% | ||||||
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.19% | 1.91% | 1.37% | 0.97% | 0.86% | 1.11% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class; brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) exceed 0.86% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 810 | $ 1,297 | $ 1,810 | $ 3,210 |
Class C Shares | $ 500 | $ 1,212 | $ 2,041 | $ 4,189 |
Class S Shares | $ 395 | $ 1,198 | $ 2,018 | $ 4,147 |
96 | Janus Henderson International Value Fund |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class I Shares | $ 151 | $ 468 | $ 808 | $ 1,768 |
Class N Shares | $ 142 | $ 440 | $ 761 | $ 1,669 |
Class T Shares | $ 198 | $ 612 | $ 1,052 | $ 2,275 |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 810 | $ 1,297 | $ 1,810 | $ 3,210 |
Class C Shares | $ 400 | $ 1,212 | $ 2,041 | $ 4,189 |
Class S Shares | $ 395 | $ 1,198 | $ 2,018 | $ 4,147 |
Class I Shares | $ 151 | $ 468 | $ 808 | $ 1,768 |
Class N Shares | $ 142 | $ 440 | $ 761 | $ 1,669 |
Class T Shares | $ 198 | $ 612 | $ 1,052 | $ 2,275 |
Principal investment strategies |
• | 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; |
• | durable competitive advantages that are trading at attractive valuations; and |
• | strong long-term prospects. |
Principal investment risks |
97 | Janus Henderson International Value Fund |
98 | Janus Henderson International Value Fund |
Performance information |
Annual Total Returns for Class I Shares (calendar year-end) |
![]() |
Best Quarter: 4th Quarter 2019 9.01% | Worst Quarter: 4th Quarter 2018 – 10.86% |
Average Annual Total Returns (periods ended 12/31/19) | |||
1 Year | 5 Years | Since
Inception (4/1/13) | |
Class I Shares | |||
Return Before Taxes | 17.37% | 4.51% | 4.95% |
Return After Taxes on Distributions | 16.53% | 3.51% | 3.97% |
Return After Taxes on Distributions and Sale of Fund Shares | 11.15% | 3.50% | 3.85% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.87% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 5.22% |
Class A Shares | |||
Return Before Taxes(1) | 10.67% | 3.11% | 3.85% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.87% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 5.22% |
Class C Shares | |||
Return Before Taxes(2) | 16.31% | 3.71% | 4.08% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.87% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 5.22% |
99 | Janus Henderson International Value Fund |
Average Annual Total Returns (periods ended 12/31/19) | |||
1 Year | 5 Years | Since
Inception (4/1/13) | |
Class S Shares | |||
Return Before Taxes | 17.69% | 4.33% | 4.70% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.87% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 5.22% |
Class N Shares | |||
Return Before Taxes | 17.61% | 4.64% | 5.05% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.87% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 5.22% |
Class T Shares | |||
Return Before Taxes | 17.16% | 4.34% | 4.77% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.87% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 5.22% |
(1) | Calculated assuming maximum permitted sales loads. |
(2) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI EAFE (Europe, Australasia, Far East) Index is a free float-adjusted market capitalization index designed to measure developed market equity performance. The MSCI EAFE Index is composed of companies representative of the market structure of developed market countries. The index includes reinvestment of dividends, net of foreign withholding taxes. |
• | The MSCI All Country World ex-U.S. Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world, excluding the United States. It is designed to measure equity market performance in global developed and emerging markets outside the United States. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
100 | Janus Henderson International Value Fund |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
Payments to broker-dealers and other financial intermediaries |
101 | Janus Henderson International Value Fund |
Ticker: | JDIAX | Class A Shares | JIGRX | Class S Shares | JDINX | Class N Shares | JAOSX | Class T Shares |
JIGCX | Class C Shares | JIGFX | Class I Shares | JDIRX | Class R Shares |
Investment Objective |
Fees and Expenses of the Fund |
SHAREHOLDER
FEES (fees paid directly from your investment) |
Class A | Class C | Class S | Class I | Class N | Class R | Class T | |||||||
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) | 5.75% | None | None | None | None | None | None | |||||||
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) | None | 1.00% | None | None | None | None | None | |||||||
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | Class S | Class I | Class N | Class R | Class T | |||||||
Management Fees(1) | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | |||||||
Distribution/Service (12b-1) Fees | 0.25% | 1.00% | 0.25% | None | None | 0.50% | None | |||||||
Other Expenses | 0.28% | 0.33% | 0.30% | 0.16% | 0.05% | 0.31% | 0.30% | |||||||
Total Annual Fund Operating Expenses | 1.11% | 1.91% | 1.13% | 0.74% | 0.63% | 1.39% | 0.88% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
If Shares are redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 682 | $ 908 | $ 1,151 | $ 1,849 |
Class C Shares | $ 294 | $ 600 | $ 1,032 | $ 2,233 |
Class S Shares | $ 115 | $ 359 | $ 622 | $ 1,375 |
Class I Shares | $ 76 | $ 237 | $ 411 | $ 918 |
Class N Shares | $ 64 | $ 202 | $ 351 | $ 786 |
Class R Shares | $ 142 | $ 440 | $ 761 | $ 1,669 |
Class T Shares | $ 90 | $ 281 | $ 488 | $ 1,084 |
102 | Janus Henderson Overseas Fund |
If Shares are not redeemed: | 1 Year | 3 Years | 5 Years | 10 Years |
Class A Shares | $ 682 | $ 908 | $ 1,151 | $ 1,849 |
Class C Shares | $ 194 | $ 600 | $ 1,032 | $ 2,233 |
Class S Shares | $ 115 | $ 359 | $ 622 | $ 1,375 |
Class I Shares | $ 76 | $ 237 | $ 411 | $ 918 |
Class N Shares | $ 64 | $ 202 | $ 351 | $ 786 |
Class R Shares | $ 142 | $ 440 | $ 761 | $ 1,669 |
Class T Shares | $ 90 | $ 281 | $ 488 | $ 1,084 |
Principal investment strategies |
Principal investment risks |
103 | Janus Henderson Overseas Fund |
104 | Janus Henderson Overseas Fund |
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Performance information |
• | The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. |
106 | Janus Henderson Overseas Fund |
• | The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. |
• | The performance shown for Class N Shares for periods prior to May 31, 2012, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. |
Annual Total Returns for Class T Shares (calendar year-end) |
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Best Quarter: 1st Quarter 2012 19.92% | Worst Quarter: 3rd Quarter 2011 – 27.83% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (5/2/94) | |
Class T Shares | ||||
Return Before Taxes | 27.01% | 3.72% | 0.46% | 7.78% |
Return After Taxes on Distributions | 26.65% | 3.35% | – 0.07% | 7.19% |
Return After Taxes on Distributions and Sale of Fund Shares(1) | 16.62% | 2.95% | 0.37% | 6.73% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | N/A |
Class A Shares | ||||
Return Before Taxes(2) | 19.49% | 2.27% | – 0.34% | 7.39% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | N/A |
107 | Janus Henderson Overseas Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (5/2/94) | |
Class C Shares | ||||
Return Before Taxes(3) | 24.74% | 2.70% | – 0.51% | 6.90% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | N/A |
Class S Shares | ||||
Return Before Taxes | 26.71% | 3.45% | 0.20% | 7.51% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | N/A |
Class I Shares | ||||
Return Before Taxes | 27.22% | 3.84% | 0.59% | 7.84% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | N/A |
Class N Shares | ||||
Return Before Taxes | 27.30% | 3.94% | 0.63% | 7.85% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | N/A |
Class R Shares | ||||
Return Before Taxes | 26.39% | 3.20% | – 0.05% | 7.27% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | N/A |
(1) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
(2) | Calculated assuming maximum permitted sales loads. |
(3) | The one year return is calculated to include the contingent deferred sales charge. |
• | The MSCI All Country World ex-U.S. Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world, excluding the United States. It is designed to measure equity market performance in global developed and emerging markets outside the United States. The index includes reinvestment of dividends, net of foreign withholding taxes. |
108 | Janus Henderson Overseas Fund |
Management |
Purchase and sale of Fund shares |
Class A Shares, Class C Shares**, Class S Shares, Class R Shares, and Class T Shares | |
Non-retirement accounts | $ 2,500*** |
Certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class I Shares | |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
Through an intermediary institution | |
• non-retirement accounts | $ 2,500 |
• certain tax-advantaged accounts or UGMA/UTMA accounts | $ 500 |
Class N Shares | |
Retirement investors (investing through an adviser-assisted, employer-sponsored retirement plan) | None |
Retail investors (investing through a financial intermediary omnibus account) | $2,500**** |
Institutional investors (investing directly with the Fund) | $ 1,000,000 |
* | Exceptions to these minimums may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and certain retail brokerage accounts. |
** | The maximum purchase in Class C Shares is $500,000 for any single purchase. |
*** | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
**** | Investors in certain tax-advantaged accounts or accounts held through certain wrap programs may not be subject to this minimum. |
Tax information |
109 | Janus Henderson Overseas Fund |
Payments to broker-dealers and other financial intermediaries |
110 | Janus Henderson Overseas Fund |
Fees and expenses |
• | “Shareholder Fees” are fees paid directly from your investment and may include sales loads. |
• | “Annual Fund Operating Expenses” are paid out of a Fund’s assets and include fees for portfolio management and administrative services, including recordkeeping, subaccounting, and other shareholder services. You do not pay these fees directly but, as the Example in each Fund Summary shows, these costs are borne indirectly by all shareholders. |
• | The “Management Fee” is the investment advisory fee rate paid by each Fund to Janus Capital. Janus Henderson Asia Equity Fund, Janus Henderson Global Real Estate Fund, Janus Henderson Global Research Fund, Janus Henderson Global Value Fund, and Janus Henderson Overseas Fund each pay an investment advisory fee rate that adjusts up or down by a variable rate of up to 0.15% (assuming constant assets) on a monthly basis based upon the Fund’s performance relative to its benchmark index during a measurement period. This base fee rate, prior to any performance adjustment, is 0.92% for Janus Henderson Asia Equity Fund, 0.75% for Janus Henderson Global Real Estate Fund, 0.60% for Janus Henderson Global Research Fund, and 0.64% for each of Janus Henderson Global Value Fund and Janus Henderson Overseas Fund. Refer to “Management Expenses” in this Prospectus for additional information with further description in the Statement of Additional Information (“SAI”). |
• | “Distribution/Service (12b-1) Fees.” Because 12b-1 fees are charged as an ongoing fee, over time the fee will increase the cost of your investment and may cost you more than paying other types of sales charges. Distribution/Service (12b-1) Fees include a shareholder servicing fee of up to 0.25% for Class C Shares. |
• | A contingent deferred sales charge of up to 1.00% may be imposed on certain redemptions of Class A Shares bought without an initial sales charge and then redeemed within 12 months of purchase. The contingent deferred sales charge is not reflected in the Example in each Fund Summary. |
• | A contingent deferred sales charge of 1.00% generally applies on Class C Shares redeemed within 12 months of purchase. The contingent deferred sales charge may be waived for certain investors, as described in the Shareholder’s Guide. |
• | “Other Expenses” |
° | for Class A Shares, Class C Shares, and Class I Shares, may include administrative fees charged by intermediaries for the provision of administrative services, including recordkeeping, subaccounting, order processing for omnibus or networked accounts, or other shareholder services provided on behalf of shareholders of the Funds. |
° | for Class S Shares, Class R Shares, and Class T Shares, include an administrative services fee of 0.25% of the average daily net assets of each class to compensate Janus Services LLC (“Janus Services”), the Funds’ transfer agent, for providing, or arranging for the provision by intermediaries of, administrative services, including recordkeeping, subaccounting, order processing for omnibus or networked accounts, or other shareholder services provided on behalf of retirement plan participants, pension plan participants, or other underlying investors investing through institutional channels. |
° | for all classes, include acquired fund fees and expenses, which are indirect expenses a Fund may incur as a result of investing in shares of an underlying fund. “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. To the extent that a Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights tables because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. If applicable, or unless otherwise indicated in a Fund’s Fees and Expenses table, such amounts are less than 0.01% and are included in the Fund’s “Other Expenses.” |
° | for all classes, may include “Short Sale Dividend Expenses.” These expenses include dividends or interest on short sales, which are paid to the lender of borrowed securities, and stock loan fees, which are paid to the prime broker. Such expenses will vary depending on the short sale arrangement, whether the securities a Fund sells short pay dividends or interest, and the amount of such dividends or interest. While “Short Sale Dividend Expenses” include interest and |
111 | Janus Investment Fund |
dividends paid out on short positions and may include stock loan fees, they do not take into account the interest credit a Fund earns on cash proceeds of short sales held as collateral for short positions. If applicable, such amounts are less than 0.01%. | |
° | for all classes, may include reimbursement to Janus Capital of its out-of-pocket costs for services as administrator and to Janus Services of its out-of-pocket costs for serving as transfer agent and providing, or arranging by others the provision of, servicing to shareholders. |
• | Janus Capital has contractually agreed to waive and/or reimburse certain Funds’ “Total Annual Fund Operating Expenses” to certain limits for at least a one-year period commencing on January 28, 2020. The expense limits are described in the “Management Expenses” section of this Prospectus. Because a fee waiver will have a positive effect upon a fund’s performance, a fund that pays a performance-based investment advisory fee may experience a performance adjustment that is considered favorable to Janus Capital as a result of a fee waiver that is in place during the period when the performance adjustment applies. |
• | All expenses in a Fund’s “Fees and Expenses of the Fund” table are shown without the effect of expense offset arrangements. Pursuant to such arrangements, credits realized as a result of uninvested cash balances are used to reduce custodian and transfer agent expenses. |
Additional investment strategies and general portfolio policies |
112 | Janus Investment Fund |
• | 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; |
• | durable competitive advantages that are trading at attractive valuations; and |
• | strong long-term prospects. |
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• | debt securities (such as bonds, notes, and debentures) |
• | other investment companies (such as exchange-traded funds) |
• | preferred stocks and securities convertible into common stocks or preferred stocks |
• | indexed/structured securities (such as commercial and residential mortgage- and asset-backed securities) |
• | various derivative transactions including, but not limited to, options, futures on U.S. and foreign exchanges, forwards, swap agreements, participatory notes, structured notes, and other types of derivatives individually or in combination for hedging purposes or for nonhedging purposes such as seeking to earn income and enhance return, to protect unrealized gains, or to avoid realizing losses; such techniques may also be used to adjust currency exposure relative to a benchmark index, to gain exposure to the market pending investment of cash balances, or to meet liquidity needs |
• | securities purchased on a when-issued, delayed delivery, or forward commitment basis |
• | equity and fixed-income securities issued in private placement transactions |
Risks of the Funds |
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• | Currency Futures Risk. Currency futures are similar to forward foreign currency exchange contracts, and pose similar risks, except that futures contracts are standardized, exchange-traded contracts while forward foreign currency exchange contracts are traded in the over-the-counter market. The use of currency futures contracts may substantially change a Fund’s exposure to currency exchange rates and could result in losses to a Fund if currencies do not perform as anticipated. Currency markets generally are not as regulated as securities markets. In addition, currency rates may fluctuate significantly over short periods of time, and can reduce returns. Currency futures may also involve leverage risk. |
• | Forward Foreign Currency Exchange Contract Risk. Forward foreign currency exchange contracts (“forward currency contracts”) involve the risk that unanticipated changes in currency prices may negatively impact a Fund’s performance. Moreover, there may be an imperfect correlation between a Fund’s portfolio holdings of securities quoted or denominated in a particular currency and any forward currency contracts entered into by the Fund, which will expose the Fund to risk of foreign exchange loss. The trading markets for forward currency contracts offer less protection against defaults than trading in currency instruments on an exchange. Because a forward currency contract is not guaranteed by an exchange or clearinghouse, a default on the contract could result in losses to a Fund and may force the Fund to cover its purchase or sale commitments, if any, at the current market price. In addition, forward currency contract markets can experience periods of illiquidity, which could prevent a Fund from divesting of a forward currency contract at the optimal time and may adversely affect a Fund’s returns and net asset value. |
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• | Currency Risk. As long as a Fund holds a foreign security, its value will be affected by the value of the local currency relative to the U.S. dollar. When a Fund sells a foreign currency denominated security, its value may be worth less in U.S. dollars even if the security increases in value in its home country. U.S. dollar-denominated securities of foreign issuers may also be affected by currency risk, as the value of these securities may also be affected by changes in the issuer’s local currency. |
• | Political and Economic Risk. Foreign investments may be subject to heightened political and economic risks, particularly in emerging markets which may have relatively unstable governments, immature economic structures, national policies restricting investments by foreigners, social instability, and different and/or developing legal systems. In some countries, there is the risk that the government may take over the assets or operations of a company or that the government may impose withholding and other taxes or limits on the removal of a Fund’s assets from that country. In addition, the economies of emerging markets may be predominantly based on only a few industries, may be highly vulnerable to changes in local or global trade conditions, and may suffer from extreme and volatile debt burdens or inflation rates. |
• | Regulatory Risk. There may be less government supervision of foreign markets. As a result, foreign issuers may not be subject to the uniform accounting, auditing, and financial reporting standards and practices applicable to domestic issuers, and there may be less publicly available information about foreign issuers. |
• | Foreign Market Risk. Foreign securities markets, particularly those of emerging market countries, may be less liquid and more volatile than domestic markets. These securities markets may trade a small number of securities, may have a limited number of issuers and a high proportion of shares, or may be held by a relatively small number of persons or institutions. Local securities markets may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of substantial holdings difficult or impossible at times. It is also possible that certain markets may require payment for securities before delivery, and delays may be encountered in settling securities transactions. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for a |
121 | Janus Investment Fund |
Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, securities of issuers located in or economically tied to countries with emerging markets may have limited marketability and may be subject to more abrupt or erratic price movements which could also have a negative effect on a Fund. Such factors may hinder a Fund’s ability to buy and sell emerging market securities in a timely manner, affecting the Fund’s investment strategies and potentially affecting the value of the Fund. | |
• | Geographic Concentration Risk. To the extent that a Fund invests a substantial amount of its assets in issuers located in a single country or region, the economic, political, social, regulatory, or other developments or conditions within such country or region will generally have a greater effect on the Fund than they would on a more geographically diversified fund, which may result in greater losses and volatility. Adverse developments in certain regions could also adversely affect securities of other countries whose economies appear to be unrelated and could have a negative impact on a Fund’s performance. |
• | Transaction Costs. Costs of buying, selling, and holding foreign securities, including brokerage, tax, and custody costs, may be higher than those involved in domestic transactions. |
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Investment adviser |
Management expenses |
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Fund Name | Average
Daily Net Assets of the Fund |
Contractual
Investment Advisory Fee (%) (annual rate) |
Actual
Investment Advisory Fee Rate (%) (for the fiscal year ended September 30, 2019) |
Janus Henderson Emerging Markets Fund | First $1 Billion | 1.00 | |
Next $1 Billion | 0.90 | ||
Over $2 Billion | 0.85 | 0.63 (1) | |
Janus Henderson European Focus Fund | First $500 Million | 1.00 | |
Next $1 Billion | 0.90 | ||
Next $1 Billion | 0.85 | ||
Over $2.5 Billion | 0.80 | 0.85 (1) | |
Janus Henderson Global Equity Income Fund | First $1 Billion | 0.85 | |
Next $1 Billion | 0.65 | ||
Over $2 Billion | 0.60 | 0.67 (1) | |
Janus Henderson Global Life Sciences Fund | All Asset Levels | 0.64 | 0.64 |
Janus Henderson Global Select Fund | All Asset Levels | 0.64 | 0.64 (1) |
Janus Henderson Global Technology and Innovation Fund | All Asset Levels | 0.64 | 0.64 (1) |
Janus Henderson International Opportunities Fund | First $2 Billion | 1.00 | |
Next $1 Billion | 0.90 | ||
Next $1 Billion | 0.80 | ||
Next $1 Billion | 0.70 | ||
Next $5 Billion | 0.60 | ||
Over $10 Billion | 0.50 | 0.86 (1) | |
Janus Henderson International Small Cap Fund | First $500 Million | 0.99 | |
Next $500 Million | 0.89 | ||
Over $1 Billion | 0.84 | 0.00 (1)(2) | |
Janus Henderson International Value Fund | All Asset Levels | 0.80 | 0.23 (1) |
(1) | Janus Capital has agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed a certain level for at least a one-year period commencing on January 28, 2020. Application of an expense waiver and its effect on annual fund operating expenses is reflected, when applicable, in the “Fees and Expenses of the Fund” table in the Fund Summary of the Prospectus, and additional information is included under “Expense Limitations” below. The waiver is reflected in the actual investment advisory fee rate shown. |
(2) | For the fiscal year ended September 30, 2019, the Fund did not pay Janus Capital any investment advisory fees (net of fee waivers) because the Fund’s fee waiver exceeded the investment advisory fee. |
128 | Janus Investment Fund |
Fund Name | Base
Fee Rate (%) |
Full
Performance Rate vs. Benchmark Index |
Performance
Adjusted Investment Advisory Fee Rate (%) |
Actual
Investment Advisory Fee Rate (%) (for the fiscal year ended September 30, 2019) |
Janus Henderson Global Research Fund | 0.60 | ± 6.00% | 0.64 | 0.64 (1) |
Janus Henderson Global Real Estate Fund | 0.75 | ± 4.00% | 0.85 | 0.85 (1) |
Janus Henderson Global Value Fund | 0.64 | ± 7.00% | 0.47 | 0.47 |
Janus Henderson Overseas Fund | 0.64 | ± 7.00% | 0.58 | 0.58 (1) |
Janus Henderson Asia Equity Fund | 0.92 | ± 7.00% | 0.97 | 0.00 (1)(2) |
(1) | Janus Capital has agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding any performance adjustments to management fees, the fees payable pursuant to a Rule 12b-1 plan, shareholder servicing fees, such as transfer agency fees (including out-of-pocket costs), administrative services fees and any networking/omnibus/administrative fees payable by any share class, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed a certain level for at least a one-year period commencing on January 28, 2020. Application of an expense waiver and its effect on annual fund operating expenses is reflected, when applicable, in the “Fees and Expenses of the Fund” table in the Fund Summary of the Prospectus, and additional information is included under “Expense Limitations” below. The waiver and any applicable performance adjustment are reflected in the actual investment advisory fee rate shown. |
(2) | For the fiscal year ended September 30, 2019, the Fund did not pay Janus Capital any investment advisory fees (net of fee waivers) because the Fund’s fee waiver exceeded the investment advisory fee. |
Fund Name | Benchmark Index |
Janus Henderson Global Research Fund | MSCI World Index(1) |
Janus Henderson Global Real Estate Fund | FTSE EPRA Nareit Global Index |
Janus Henderson Global Value Fund | MSCI World Index(1) |
Janus Henderson Overseas Fund | MSCI All Country World ex-U.S. Index(1) |
Janus Henderson Asia Equity Fund | MSCI All Country Asia ex-Japan Index(1) |
(1) | The index includes reinvestment of dividends, net of foreign withholding taxes. |
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Fund Name | Expense Limit Percentage (%) |
Janus Henderson Asia Equity Fund(1) | 1.11 |
Janus Henderson Emerging Markets Fund | 1.03 |
Janus Henderson European Focus Fund | 0.96 |
Janus Henderson Global Equity Income Fund | 0.84 |
Janus Henderson Global Real Estate Fund(1) | 0.91 |
Janus Henderson Global Research Fund(1) | 0.86 |
Janus Henderson Global Select Fund | 0.87 |
Janus Henderson Global Technology and Innovation Fund | 0.71 |
Janus Henderson International Opportunities Fund | 0.88 |
Janus Henderson International Small Cap Fund | 0.98 |
Janus Henderson International Value Fund | 0.86 |
Janus Henderson Overseas Fund(1) | 0.87 |
(1) | The Fund pays an investment advisory fee rate that may adjust up or down based on the Fund’s performance relative to its benchmark index during a measurement period. Because a fee waiver will have a positive effect upon the Fund’s performance, a fee waiver that is in place during the period when the performance adjustment applies may affect the performance adjustment in a way that is favorable to Janus Capital. |
Subadviser |
Investment personnel |
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CLOSED FUND POLICIES |
LIQUIDATION/REORGANIZATION OF A FUND |
DISTRIBUTION OF THE Funds |
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Distributions |
TAXES |
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Pricing of fund shares |
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Choosing a share class |
• | how much you plan to invest; |
• | how long you expect to own the shares; |
• | the expenses paid by each class; and |
• | for Class A Shares and Class C Shares, whether you qualify for any reduction or waiver of any sales charges. |
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Class A Shares | |
Initial sales charge on purchases | Up to 5.75%(1) |
• reduction of initial sales charge for purchases of $50,000 or more | |
• initial sales charge waived for purchases of $1 million or more | |
Deferred sales charge (CDSC) | None except on certain redemptions of Shares purchased without an initial sales charge(1) |
Administrative fees | Pays administrative, networking or omnibus fees to certain intermediaries |
Minimum initial investment | $2,500 |
Maximum purchase | None |
Minimum aggregate account balance | None |
12b-1 fee | 0.25% annual distribution/service fee |
Class C Shares | |
Initial sales charge on purchases | None |
Deferred sales charge (CDSC) | 1.00% on Shares redeemed within 12 months of purchase(1) |
Administrative fees | Pays administrative, networking or omnibus fees to certain intermediaries |
Minimum initial investment | $2,500 |
Maximum purchase | $500,000 |
Minimum aggregate account balance | None |
12b-1 fee | 1.00% annual fee (up to 0.75% distribution fee and up to 0.25% shareholder servicing fee) |
Class S Shares | |
Initial sales charge on purchases | None |
Deferred sales charge (CDSC) | None |
Administrative services fees | 0.25% |
Minimum initial investment | $2,500 |
Maximum purchase | None |
Minimum aggregate account balance | None |
12b-1 fee | 0.25% annual distribution/service fee |
Class I Shares(2) | |
Initial sales charge on purchases | None |
Deferred sales charge (CDSC) | None |
Administrative fees | Pays administrative, networking or omnibus fees to certain intermediaries(2) |
Minimum initial investment | |
• institutional investors (investing directly with a Fund) | $1,000,000 |
• through an intermediary institution | $2,500 (3) |
Maximum purchase | None |
Minimum aggregate account balance | None |
12b-1 fee | None |
144 | Janus Investment Fund |
Class N Shares | |
Initial sales charge on purchases | None |
Deferred sales charge (CDSC) | None |
Administrative fees | None to intermediaries |
Minimum initial investment | |
• Retirement investors (investing through an adviser-assisted, employer-sponsored plan) | None |
• Retail investors (investing through a financial intermediary omnibus account) | $2,500 |
• Institutional investors (investing directly with a Fund) | $1,000,000 |
Maximum purchase | None |
Minimum aggregate account balance | None |
12b-1 fee | None |
Class R Shares | |
Initial sales charge on purchases | None |
Deferred sales charge (CDSC) | None |
Administrative services fees | 0.25% |
Minimum initial investment | $2,500 (None for defined contribution plans) |
Maximum purchase | None |
Minimum aggregate account balance | None |
12b-1 fee | 0.50% annual distribution/service fee |
Class T Shares | |
Initial sales charge on purchases | None |
Deferred sales charge (CDSC) | None |
Administrative services fees | 0.25% |
Minimum initial investment | $2,500 (4) |
Maximum purchase | None |
Minimum aggregate account balance | None |
12b-1 fee | None |
(1) | May be waived under certain circumstances. |
(2) | In addition to these fees and expenses, your broker or financial intermediary may impose a commission or other sales charge on your purchases of Class I Shares. The nature and amount of such commission or other sales charge is determined solely by your broker or financial intermediary; for more information please contact your broker or financial intermediary representative. |
(3) | Exceptions to this minimum may apply for certain tax-advantaged, tax-qualified and retirement plans, including health savings accounts, accounts held through certain wrap programs, and eligible retail brokerage accounts. |
(4) | Shareholders who invest through financial intermediaries with supermarket and/or self-directed brokerage platforms that maintain omnibus accounts and charge asset-based service fees may not be subject to this minimum. Please contact your financial intermediary for more information. |
Distribution, servicing, and administrative fees |
Class | 12b-1 Fee for the Funds |
Class A Shares | 0.25% |
Class C Shares | 1.00% (1) |
Class S Shares | 0.25% |
Class R Shares | 0.50% |
(1) | Up to 0.75% of this fee is for distribution services and up to 0.25% of this fee is for shareholder services. |
145 | Janus Investment Fund |
Payments to financial intermediaries by Janus Capital or its affiliates |
146 | Janus Investment Fund |
147 | Janus Investment Fund |
Purchases |
148 | Janus Investment Fund |
149 | Janus Investment Fund |
Amount of Purchase at Offering Price | Class
A Shares Sales Charge as a Percentage of Offering Price(1) |
Class
A Shares Sales Charge as a Percentage of Net Amount Invested |
Under $50,000 |
5.75% |
6.10% |
$50,000 but under $100,000 |
4.50% |
4.71% |
$100,000 but under $250,000 |
3.50% |
3.63% |
$250,000 but under $500,000 |
2.50% |
2.56% |
$500,000 but under $1,000,000 |
2.00% |
2.04% |
$1,000,000 and above |
None(2) |
None |
(1) | Offering Price includes the initial sales charge. |
(2) | A contingent deferred sales charge of 1.00% may apply to Class A Shares purchased without an initial sales charge if redeemed within 12 months of purchase. |
• | 1.00% on amounts of $1,000,000 but under $4,000,000; |
• | 0.50% on amounts of $4,000,000 but under $10,000,000; |
• | 0.25% on amounts of $10,000,000 and above. |
150 | Janus Investment Fund |
• | trust accounts established by the above individuals (or the accounts of the primary beneficiary of the trust if the person who established the trust is deceased); |
• | solely controlled business accounts; and |
• | single participant retirement plans. |
151 | Janus Investment Fund |
Exchanges |
• | You may generally exchange Shares of a Fund for Shares of the same class of any other fund in the Trust offered through your financial intermediary or qualified plan, with the exception of the Janus Henderson money market funds. Only accounts beneficially owned by natural persons will be allowed to exchange to Janus Henderson Money Market Fund; all other account types can only exchange to Janus Henderson Government Money Market Fund. |
• | You may also exchange shares of one class for another class of shares within the same fund, provided the eligibility requirements of the class of shares to be received are met. Same-fund exchanges will generally only be processed in instances where there is no contingent deferred sales charge (“CDSC”) on the shares to be exchanged and no initial sales charge on the shares to be received. A Fund’s fees and expenses differ between share classes. Please read the Prospectus for the share class you are interested in prior to investing in that share class. Contact your financial intermediary or consult your plan documents for additional information. |
• | You must meet the minimum investment amount for each fund. |
• | The exchange privilege is not intended as a vehicle for short-term or excessive trading. A Fund may suspend or terminate the exchange privilege of any investor who is identified as having a pattern of short-term trading. The Funds will work with intermediaries to apply the Funds’ exchange limits. However, the Funds may not always have the ability to monitor or enforce the trading activity in such accounts. For more information about the Funds’ policy on excessive trading, refer to “Excessive Trading.” |
• | Each Fund reserves the right to reject any exchange request and to modify or terminate the exchange privilege at any time. |
• | Class C Shares are closed to investments by new employer-sponsored retirement plans, and existing employer-sponsored retirement plans are no longer able to make additional purchases or exchanges into Class C Shares. |
• | Your Class C Shares that have been held for ten years will automatically convert to Class A Shares without the imposition of any sales charge, fee or other charge. The conversion will generally occur no later than ten business days in the month |
152 | Janus Investment Fund |
following the month in which the tenth anniversary of the date of purchase occurs. For more information refer to “Conversion of Class C Shares to Class A Shares.” |
Redemptions |
153 | Janus Investment Fund |
• | Upon the death or disability of an account owner; |
• | Retirement plans and certain other accounts held through a financial intermediary where no sales charge or commission was paid on the purchase of such shares; |
• | Retirement plan shareholders taking required minimum distributions; |
• | The redemption of Class A Shares or Class C Shares acquired through reinvestment of Fund dividends or distributions; |
154 | Janus Investment Fund |
• | The portion of the redemption representing appreciation as a result of an increase in NAV above the total amount of payments for Class A Shares or Class C Shares during the period during which the CDSC applied; or |
• | If a Fund chooses to liquidate or involuntarily redeem shares in your account. |
Excessive trading |
• | exchange limitations as described under “Exchanges”; |
• | trade monitoring; and |
• | fair valuation of securities as described under “Pricing of Fund Shares”. |
155 | Janus Investment Fund |
Availability of Portfolio Holdings Information |
• | Full Holdings. The schedule of each Fund’s portfolio holdings, consisting of at least the names of the holdings, is generally available on a monthly basis with a 30-day lag. Holdings are generally posted approximately two business days thereafter under Full Holdings for each Fund at janushenderson.com/info. A complete schedule of each Fund’s portfolio holdings is also available semiannually and annually in shareholder reports and, after the first and third fiscal quarters, on Form N-PORT. Information reported in shareholder reports and on Form N-PORT will be made publicly available within 60 days after the end of the respective fiscal quarter. Each Fund’s shareholder reports and Form N-PORT filings are available on the SEC’s website at http://www.sec.gov. In addition, each Fund’s shareholder reports are available without charge, upon request, by calling a Janus Henderson representative at 1-877-335-2687 (toll free). |
156 | Janus Investment Fund |
• | Top Holdings. Each Fund’s top portfolio holdings, in order of position size and as a percentage of a Fund’s total portfolio, are available monthly with a 15-day lag and on a calendar quarter-end basis with a 15-day lag. |
• | Other Information. Each Fund may occasionally provide security breakdowns (e.g., industry, sector, regional, market capitalization, and asset allocation), top performance contributors/detractors, and specific portfolio level performance attribution information and statistics monthly with a 15-day lag and on a calendar quarter-end basis with a 15-day lag. Top performance contributors/detractors may include the percentage of contribution/detraction to Fund performance. |
Shareholder communications |
157 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.42 | $11.45 | $9.42 | $8.31 | $9.79 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.10 | 0.07 | 0.02 | 0.05 | 0.01 |
Net gain/(loss) on investments (both realized and unrealized) | (0.27) | 0.22 | 2.12 | 1.44 | (0.95) |
Total from investment operations | (0.17) | 0.29 | 2.14 | 1.49 | (0.94) |
Less distributions: | |||||
Dividends from net investment income | (0.02) | (0.05) | (0.11) | — | (0.17) |
Distributions from capital gains | (0.84) | (0.27) | — | (0.38) | (0.37) |
Total distributions | (0.86) | (0.32) | (0.11) | (0.38) | (0.54) |
Net asset value, end of period | $10.39 | $11.42 | $11.45 | $9.42 | $8.31 |
Total return(2) | (0.69)% | 2.48% | 23.10% | 18.58% | (10.07)% |
Net assets, end of period (in thousands) | $822 | $816 | $366 | $253 | $348 |
Average net assets for the period (in thousands) | $822 | $954 | $293 | $333 | $400 |
Ratio of gross expenses to average net assets | 2.72% | 2.08% | 2.49% | 3.51% | 2.87% |
Ratio of net expenses to average net assets | 1.49% | 1.53% | 1.63% | 1.56% | 1.61% |
Ratio of net investment income/(loss) to average net assets | 0.95% | 0.60% | 0.17% | 0.64% | 0.07% |
Portfolio turnover rate | 34% | 41% | 120% | 59% | 152% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
158 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.30 | $11.36 | $9.34 | $8.29 | $9.72 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | (0.03) | (0.01) | (0.04) | 0.01 | (0.03) |
Net gain/(loss) on investments (both realized and unrealized) | (0.20) | 0.22 | 2.10 | 1.42 | (0.98) |
Total from investment operations | (0.23) | 0.21 | 2.06 | 1.43 | (1.01) |
Less distributions: | |||||
Dividends from net investment income | — | — | (0.04) | — | (0.05) |
Distributions from capital gains | (0.84) | (0.27) | — | (0.38) | (0.37) |
Total distributions | (0.84) | (0.27) | (0.04) | (0.38) | (0.42) |
Net asset value, end of period | $10.23 | $11.30 | $11.36 | $9.34 | $8.29 |
Total return(2) | (1.28)% | 1.80% | 22.17% | 17.87% | (10.81)% |
Net assets, end of period (in thousands) | $535 | $1,244 | $957 | $413 | $360 |
Average net assets for the period (in thousands) | $746 | $1,233 | $519 | $381 | $373 |
Ratio of gross expenses to average net assets | 3.35% | 2.78% | 3.09% | 4.23% | 3.59% |
Ratio of net expenses to average net assets | 2.07% | 2.25% | 2.33% | 2.25% | 2.30% |
Ratio of net investment income/(loss) to average net assets | (0.28)% | (0.04)% | (0.42)% | 0.10% | (0.31)% |
Portfolio turnover rate | 34% | 41% | 120% | 59% | 152% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
159 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.45 | $11.48 | $9.43 | $8.32 | $9.79 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.09 | 0.06 | 0.01 | 0.07 | 0.07 |
Net gain/(loss) on investments (both realized and unrealized) | (0.25) | 0.22 | 2.14 | 1.42 | (1.00) |
Total from investment operations | (0.16) | 0.28 | 2.15 | 1.49 | (0.93) |
Less distributions: | |||||
Dividends from net investment income | (0.04) | (0.04) | (0.10) | — | (0.17) |
Distributions from capital gains | (0.84) | (0.27) | — | (0.38) | (0.37) |
Total distributions | (0.88) | (0.31) | (0.10) | (0.38) | (0.54) |
Net asset value, end of period | $10.41 | $11.45 | $11.48 | $9.43 | $8.32 |
Total return(2) | (0.55)% | 2.37% | 23.07% | 18.56% | (9.97)% |
Net assets, end of period (in thousands) | $481 | $484 | $472 | $368 | $310 |
Average net assets for the period (in thousands) | $467 | $501 | $413 | $329 | $390 |
Ratio of gross expenses to average net assets | 2.98% | 2.36% | 2.64% | 3.67% | 3.06% |
Ratio of net expenses to average net assets | 1.34% | 1.58% | 1.66% | 1.56% | 1.48% |
Ratio of net investment income/(loss) to average net assets | 0.91% | 0.52% | 0.15% | 0.83% | 0.71% |
Portfolio turnover rate | 34% | 41% | 120% | 59% | 152% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
160 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.45 | $11.56 | $9.51 | $8.37 | $9.85 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.13 | (0.03) | 0.11 | 0.10 | 0.06 |
Net gain/(loss) on investments (both realized and unrealized) | (0.17) | 0.26 | 2.07 | 1.44 | (0.98) |
Total from investment operations | (0.04) | 0.23 | 2.18 | 1.54 | (0.92) |
Less distributions: | |||||
Dividends from net investment income | (0.03) | (0.07) | (0.13) | (0.02) | (0.19) |
Distributions from capital gains | (0.84) | (0.27) | — | (0.38) | (0.37) |
Total distributions | (0.87) | (0.34) | (0.13) | (0.40) | (0.56) |
Net asset value, end of period | $10.54 | $11.45 | $11.56 | $9.51 | $8.37 |
Total return(2) | 0.45% | 1.90% | 23.39% | 19.09% | (9.79)% |
Net assets, end of period (in thousands) | $1,406 | $1,029 | $12,675 | $2,665 | $2,470 |
Average net assets for the period (in thousands) | $1,208 | $5,848 | $7,408 | $2,528 | $3,017 |
Ratio of gross expenses to average net assets | 2.32% | 1.44% | 2.00% | 3.19% | 2.56% |
Ratio of net expenses to average net assets | 1.21% | 1.26% | 1.32% | 1.21% | 1.27% |
Ratio of net investment income/(loss) to average net assets | 1.28% | (0.25)% | 1.01% | 1.14% | 0.57% |
Portfolio turnover rate | 34% | 41% | 120% | 59% | 152% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
161 | Janus Investment Fund |
Year
or Period ended September 30 | ||
2019 | 2018 (1) | |
Net asset value, beginning of period | $11.56 | $12.73 |
Income from investment operations: | ||
Net investment income/(loss)(2) | 0.11 | 0.16 |
Net gain/(loss) on investments (both realized and unrealized) | (0.26) | (1.33) (3) |
Total from investment operations | (0.15) | (1.17) |
Less distributions: | ||
Dividends from net investment income | (0.05) | — |
Dividends from capital gains | (0.84) | — |
Total distributions | (0.89) | — |
Net asset value, end of period | $10.52 | $11.56 |
Total return(4) | (0.51)% | (9.19)% |
Net assets, end of period (in thousands) | $8,886 | $8,501 |
Average net assets for the period (in thousands) | $7,989 | $7,978 |
Ratio of gross expenses to average net assets(5) | 2.05% | 1.75% |
Ratio of net expenses to average net assets(5) | 1.17% | 1.13% |
Ratio of net investment income/(loss) to average net assets(5) | 1.08% | 1.96% |
Portfolio turnover rate | 34% | 41% |
(1) | Period January 26, 2018 (commencement of Class N Shares) through September 30, 2018. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
162 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.37 | $11.42 | $9.36 | $8.25 | $9.81 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.10 | 0.06 | 0.06 | 0.04 | 0.04 |
Net gain/(loss) on investments (both realized and unrealized) | (0.21) | 0.20 | 2.08 | 1.46 | (0.96) |
Total from investment operations | (0.11) | 0.26 | 2.14 | 1.50 | (0.92) |
Less distributions: | |||||
Dividends from net investment income | (0.01) | (0.04) | (0.08) | (0.01) | (0.27) |
Distributions from capital gains | (0.84) | (0.27) | — | (0.38) | (0.37) |
Total distributions | (0.85) | (0.31) | (0.08) | (0.39) | (0.64) |
Net asset value, end of period | $10.41 | $11.37 | $11.42 | $9.36 | $8.25 |
Total return(2) | (0.14)% | 2.27% | 23.18% | 18.88% | (9.98)% |
Net assets, end of period (in thousands) | $1,310 | $1,032 | $2,937 | $230 | $306 |
Average net assets for the period (in thousands) | $1,210 | $2,799 | $756 | $332 | $566 |
Ratio of gross expenses to average net assets | 2.53% | 1.81% | 2.14% | 3.41% | 2.73% |
Ratio of net expenses to average net assets | 1.40% | 1.41% | 1.55% | 1.44% | 1.39% |
Ratio of net investment income/(loss) to average net assets | 0.98% | 0.54% | 0.55% | 0.47% | 0.46% |
Portfolio turnover rate | 34% | 41% | 120% | 59% | 152% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
163 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $9.48 | $10.36 | $10.19 | $9.10 | $8.60 | $9.82 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.10 | 0.10 | 0.04 | 0.10 | 0.13 | 0.02 |
Net gain/(loss) on investments (both realized and unrealized) | (0.55) | (0.67) | 0.13 | 1.05 | 0.39 | (1.24) |
Total from investment operations | (0.45) | (0.57) | 0.17 | 1.15 | 0.52 | (1.22) |
Less distributions: | ||||||
Dividends from net investment income | (0.13) | (0.10) | — | (0.06) | (0.02) | — |
Distributions from capital gains | (0.18) | (0.21) | — | — | — | — |
Total distributions | (0.31) | (0.31) | — | (0.06) | (0.02) | — |
Net asset value, end of period | $8.72 | $9.48 | $10.36 | $10.19 | $9.10 | $8.60 |
Total return(3) | (4.66)% (4) | (5.80)% | 1.67% | 12.80% | 6.07% | (12.42)% |
Net assets, end of period (in thousands) | $4,859 | $15,771 | $15,562 | $15,124 | $6,510 | $8,272 |
Average net assets for the period (in thousands) | $8,932 | $16,103 | $15,471 | $12,523 | $5,958 | $8,108 |
Ratio of gross expenses to average net assets(5) | 1.65% | 1.51% | 1.75% | 1.76% | 2.36% (6) | 2.13% |
Ratio of net expenses to average net assets(5) | 1.30% | 1.33% | 1.46% | 1.54% | 1.79% | 1.79% |
Ratio of net investment income/(loss) to average net assets(5) | 1.11% | 0.93% | 2.18% | 1.05% | 1.64% | 0.21% |
Portfolio turnover rate | 68% | 26% | 2% | 32% | 86% | 148% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Total return without the effect of affiliated payments would have been (4.89)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(5) | Annualized for periods of less than one full year. |
(6) | The Ratio of Gross Expenses includes a reimbursement of prior period custodian out-of-pocket expenses. The Ratio of Gross Expenses would have been 0.07% higher had the custodian not reimbursed the Fund. |
164 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $9.12 | $9.98 | $9.83 | $8.79 | $8.35 | $9.61 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.05 | 0.01 | 0.02 | 0.03 | 0.06 | (0.06) |
Net gain/(loss) on investments (both realized and unrealized) | (0.55) | (0.65) | 0.13 | 1.02 | 0.38 | (1.20) |
Total from investment operations | (0.50) | (0.64) | 0.15 | 1.05 | 0.44 | (1.26) |
Less distributions: | ||||||
Dividends from net investment income | (0.02) | (0.01) | — | (0.01) | — | — |
Distributions from capital gains | (0.18) | (0.21) | — | — | — | — |
Total distributions | (0.20) | (0.22) | — | (0.01) | — | — |
Net asset value, end of period | $8.42 | $9.12 | $9.98 | $9.83 | $8.79 | $8.35 |
Total return(3) | (5.38)% (4) | (6.59)% | 1.53% | 12.03% | 5.27% | (13.11)% |
Net assets, end of period (in thousands) | $3,432 | $5,985 | $9,017 | $8,530 | $3,553 | $3,049 |
Average net assets for the period (in thousands) | $4,604 | $8,442 | $8,877 | $6,219 | $3,028 | $3,471 |
Ratio of gross expenses to average net assets(5) | 2.54% | 2.26% | 2.65% | 2.53% | 3.16% (6) | 2.90% |
Ratio of net expenses to average net assets(5) | 2.11% | 2.07% | 2.35% | 2.29% | 2.54% | 2.54% |
Ratio of net investment income/(loss) to average net assets(5) | 0.56% | 0.11% | 1.29% | 0.37% | 0.70% | (0.62)% |
Portfolio turnover rate | 68% | 26% | 2% | 32% | 86% | 148% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Total return without the effect of affiliated payments would have been (5.61)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(5) | Annualized for periods of less than one full year. |
(6) | The Ratio of Gross Expenses includes a reimbursement of prior period custodian out-of-pocket expenses. The Ratio of Gross Expenses would have been 0.07% higher had the custodian not reimbursed the Fund. |
165 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $9.51 | $10.41 | $10.23 | $10.05 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.08 | 0.13 | 0.04 | 0.07 |
Net gain/(loss) on investments (both realized and unrealized) | (0.52) | (0.73) | 0.14 | 0.11 |
Total from investment operations | (0.44) | (0.60) | 0.18 | 0.18 |
Less distributions: | ||||
Dividends from net investment income | (0.08) | (0.09) | — | — |
Distributions from capital gains | (0.18) | (0.21) | — | — |
Total distributions | (0.26) | (0.30) | — | — |
Net asset value, end of period | $8.81 | $9.51 | $10.41 | $10.23 |
Total return(4) | (4.49)% (5) | (5.98)% | 1.76% | 1.79% |
Net assets, end of period (in thousands) | $77 | $1,753 | $316 | $304 |
Average net assets for the period (in thousands) | $488 | $1,189 | $311 | $266 |
Ratio of gross expenses to average net assets(6) | 2.25% | 1.85% | 1.91% | 1.69% |
Ratio of net expenses to average net assets(6) | 1.18% | 1.47% | 1.51% | 1.59% |
Ratio of net investment income/(loss) to average net assets(6) | 0.89% | 1.28% | 2.11% | 4.51% |
Portfolio turnover rate | 68% | 26% | 2% | 32% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class S Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Total return without the effect of affiliated payments would have been (4.72)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(6) | Annualized for periods of less than one full year. |
166 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $9.52 | $10.42 | $10.24 | $9.13 | $8.63 | $9.86 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.14 | 0.12 | 0.04 | 0.15 | 0.13 | 0.03 |
Net gain/(loss) on investments (both realized and unrealized) | (0.57) | (0.69) | 0.14 | 1.03 | 0.42 | (1.25) |
Total from investment operations | (0.43) | (0.57) | 0.18 | 1.18 | 0.55 | (1.22) |
Less distributions: | ||||||
Dividends from net investment income | (0.13) | (0.12) | — | (0.07) | (0.05) | (0.01) |
Distributions from capital gains | (0.18) | (0.21) | — | — | — | — |
Total distributions | (0.31) | (0.33) | — | (0.07) | (0.05) | (0.01) |
Net asset value, end of period | $8.78 | $9.52 | $10.42 | $10.24 | $9.13 | $8.63 |
Total return(3) | (4.38)% (4) | (5.72)% | 1.76% | 13.15% | 6.41% | (12.34)% |
Net assets, end of period (in thousands) | $34,499 | $107,276 | $112,952 | $107,513 | $36,815 | $12,652 |
Average net assets for the period (in thousands) | $71,330 | $119,036 | $110,859 | $62,396 | $21,242 | $15,071 |
Ratio of gross expenses to average net assets(5) | 1.45% | 1.26% | 1.49% | 1.46% | 2.09% (6) | 1.85% |
Ratio of net expenses to average net assets(5) | 1.13% | 1.09% | 1.20% | 1.27% | 1.54% | 1.54% |
Ratio of net investment income/(loss) to average net assets(5) | 1.49% | 1.17% | 2.42% | 1.63% | 1.52% | 0.37% |
Portfolio turnover rate | 68% | 26% | 2% | 32% | 86% | 148% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Total return without the effect of affiliated payments would have been (4.61)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(5) | Annualized for periods of less than one full year. |
(6) | The Ratio of Gross Expenses includes a reimbursement of prior period custodian out-of-pocket expenses. The Ratio of Gross Expenses would have been 0.07% higher had the custodian not reimbursed the Fund. |
167 | Janus Investment Fund |
Years
or Period ended September 30 |
Year
or Period ended July 31 | ||||
2019 | 2018 | 2017 (1) | 2017 | 2016 (2) | |
Net asset value, beginning of period | $9.53 | $10.42 | $10.24 | $9.13 | $8.06 |
Income from investment operations: | |||||
Net investment income/(loss)(3) | 0.15 | 0.12 | 0.05 | 0.40 | 0.06 |
Net gain/(loss) on investments (both realized and unrealized) | (0.57) | (0.68) | 0.13 | 0.79 | 1.06 |
Total from investment operations | (0.42) | (0.56) | 0.18 | 1.19 | 1.12 |
Less distributions: | |||||
Dividends from net investment income | (0.14) | (0.12) | — | (0.08) | (0.05) |
Distributions from capital gains | (0.18) | (0.21) | — | — | — |
Total distributions | (0.32) | (0.33) | — | (0.08) | (0.05) |
Net asset value, end of period | $8.79 | $9.53 | $10.42 | $10.24 | $9.13 |
Total return(4) | (4.33)% (5) | (5.63)% | 1.76% | 13.17% | 13.92% |
Net assets, end of period (in thousands) | $16,531 | $25,134 | $41,206 | $40,785 | $318 |
Average net assets for the period (in thousands) | $21,520 | $29,832 | $41,394 | $6,417 | $282 |
Ratio of gross expenses to average net assets(6) | 1.41% | 1.20% | 1.35% | 1.32% | 2.17% (7) |
Ratio of net expenses to average net assets(6) | 1.03% | 1.03% | 1.05% | 1.24% | 1.54% |
Ratio of net investment income/(loss) to average net assets(6) | 1.65% | 1.15% | 2.59% | 4.20% | 1.07% |
Portfolio turnover rate | 68% | 26% | 2% | 32% | 86% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period November 30, 2015 (commencement of Class N Shares (formerly named Class R6 Shares)) through July 31, 2016. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Total return without the effect of affiliated payments would have been (4.56)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(6) | Annualized for periods of less than one full year. |
(7) | The Ratio of Gross Expenses includes a reimbursement of prior period custodian out-of-pocket expenses. The Ratio of Gross Expenses would have been 0.07% higher had the custodian not reimbursed the Fund. |
168 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $9.52 | $10.42 | $10.24 | $10.05 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.13 | 0.10 | 0.04 | 0.08 |
Net gain/(loss) on investments (both realized and unrealized) | (0.57) | (0.68) | 0.14 | 0.11 |
Total from investment operations | (0.44) | (0.58) | 0.18 | 0.19 |
Less distributions: | ||||
Dividends from net investment income | (0.12) | (0.11) | — | — |
Distributions from capital gains | (0.18) | (0.21) | — | — |
Total distributions | (0.30) | (0.32) | — | — |
Net asset value, end of period | $8.78 | $9.52 | $10.42 | $10.24 |
Total return(4) | (4.56)% (5) | (5.86)% | 1.76% | 1.89% |
Net assets, end of period (in thousands) | $3,008 | $4,862 | $7,770 | $7,629 |
Average net assets for the period (in thousands) | $4,046 | $7,275 | $7,786 | $6,024 |
Ratio of gross expenses to average net assets(6) | 1.73% | 1.45% | 1.62% | 1.42% |
Ratio of net expenses to average net assets(6) | 1.27% | 1.26% | 1.30% | 1.38% |
Ratio of net investment income/(loss) to average net assets(6) | 1.41% | 0.93% | 2.34% | 5.01% |
Portfolio turnover rate | 68% | 26% | 2% | 32% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class T Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Total return without the effect of affiliated payments would have been (4.79)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(6) | Annualized for periods of less than one full year. |
169 | Janus Investment Fund |
Years
or Period Ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $31.73 | $35.02 | $34.22 | $32.17 | $36.91 | $35.42 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.41 | 0.46 | 0.13 | 0.34 | 0.44 | 0.35 |
Net gain/(loss) on investments (both realized and unrealized) | (3.91) | (3.16) | 0.67 | 2.50 | (4.94) | 1.67 |
Total from investment operations | (3.50) | (2.70) | 0.80 | 2.84 | (4.50) | 2.02 |
Less distributions: | ||||||
Dividends from net investment income | (1.02) | (0.59) | — | (0.79) | (0.24) | (0.53) |
Total distributions | (1.02) | (0.59) | — | (0.79) | (0.24) | (0.53) |
Net asset value, end of period | $27.21 | $31.73 | $35.02 | $34.22 | $32.17 | $36.91 |
Total return(3) | (10.61)% | (7.84)% | 2.34% | 9.15% | (12.22)% | 5.86% |
Net assets, end of period (in thousands) | $112,110 | $176,690 | $273,184 | $274,588 | $560,452 | $905,598 |
Average net assets for the period (in thousands) | $135,260 | $227,911 | $268,061 | $381,753 | $810,537 | $669,133 |
Ratio of gross expenses to average net assets(4) | 1.46% | 1.31% | 1.35% | 1.33% | 1.28% | 1.30% |
Ratio of net expenses to average net assets(4) | 1.32% | 1.30% | 1.35% | 1.33% | 1.28% | 1.30% |
Ratio of net investment income/(loss) to average net assets(4) | 1.49% | 1.37% | 2.29% | 1.06% | 1.35% | 0.99% |
Portfolio turnover rate | 145% | 82% | 6% | 57% | 62% | 75% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
170 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $29.66 | $32.68 | $31.98 | $30.06 | $34.57 | $33.35 |
Income (loss) from investment operations: | ||||||
Net investment income/(loss)(2) | 0.16 | 0.21 | 0.08 | 0.11 | 0.22 | 0.04 |
Net gain/(loss) on investments (both realized and unrealized) | (3.57) | (2.97) | 0.62 | 2.32 | (4.69) | 1.59 |
Total from investment operations | (3.41) | (2.76) | 0.70 | 2.43 | (4.47) | 1.63 |
Less distributions: | ||||||
Dividends from net investment income | (0.56) | (0.26) | — | (0.51) | (0.04) | (0.41) |
Total distributions | (0.56) | (0.26) | — | (0.51) | (0.04) | (0.41) |
Net asset value, end of period | $25.69 | $29.66 | $32.68 | $31.98 | $30.06 | $34.57 |
Total return(3) | (11.26)% | (8.51)% | 2.19% | 8.32% | (12.94)% | 5.02% |
Net assets, end of period (in thousands) | $43,110 | $118,408 | $184,366 | $188,120 | $287,339 | $365,135 |
Average net assets for the period (in thousands) | $62,633 | $154,929 | $183,018 | $219,705 | $328,767 | $287,767 |
Ratio of gross expenses to average net assets(4) | 2.19% | 2.04% | 2.22% | 2.11% | 2.07% | 2.09% |
Ratio of net expenses to average net assets(4) | 2.06% | 2.02% | 2.22% | 2.11% | 2.07% | 2.09% |
Ratio of net investment income/(loss) to average net assets(4) | 0.62% | 0.65% | 1.44% | 0.36% | 0.71% | 0.12% |
Portfolio turnover rate | 145% | 82% | 6% | 57% | 62% | 75% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
171 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 | |||
2019 | 2018 | 2017 (1) | 2017 (2) | |
Net asset value, beginning of period | $31.53 | $35.01 | $34.20 | $33.53 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.45 | 0.47 | 0.13 | 0.09 |
Net gain/(loss) on investments (both realized and unrealized) | (3.98) | (3.20) | 0.68 | 0.58 |
Total from investment operations | (3.53) | (2.73) | 0.81 | 0.67 |
Less distributions: | ||||
Dividends from net investment income | (2.02) | (0.75) | — | — |
Total distributions | (2.02) | (0.75) | — | — |
Net asset value, end of period | $25.98 | $31.53 | $35.01 | $34.20 |
Total return(4) | (10.35)% | (7.96)% | 2.37% | 2.00% |
Net assets, end of period (in thousands) | $43 | $48 | $52 | $51 |
Average net assets for the period (in thousands) | $43 | $50 | $50 | $49 |
Ratio of gross expenses to average net assets(5) | 8.50% | 4.42% | 1.48% | 1.45% |
Ratio of net expenses to average net assets(5) | 1.17% | 1.35% | 1.30% | 1.45% |
Ratio of net investment income/(loss) to average net assets(5) | 1.73% | 1.42% | 2.34% | 1.67% |
Portfolio turnover rate | 145% | 82% | 6% | 57% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class S Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
172 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $31.59 | $34.94 | $34.13 | $32.18 | $36.90 | $35.48 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.42 | 0.54 | 0.15 | 0.44 | 0.60 | 0.42 |
Net gain/(loss) on investments (both realized and unrealized) | (3.82) | (3.14) | 0.66 | 2.47 | (5.02) | 1.67 |
Total from investment operations | (3.40) | (2.60) | 0.81 | 2.91 | (4.42) | 2.09 |
Less distributions: | ||||||
Dividends from net investment income | (1.12) | (0.75) | — | (0.96) | (0.30) | (0.67) |
Total distributions | (1.12) | (0.75) | — | (0.96) | (0.30) | (0.67) |
Net asset value, end of period | $27.07 | $31.59 | $34.94 | $34.13 | $32.18 | $36.90 |
Total return(3) | (10.30)% | (7.60)% | 2.37% | 9.44% | (12.01)% | 6.10% |
Net assets, end of period (in thousands) | $220,722 | $695,302 | $1,234,695 | $1,277,021 | $1,874,371 | $2,357,546 |
Average net assets for the period (in thousands) | $353,101 | $1,025,799 | $1,231,744 | $1,414,519 | $2,276,749 | $1,653,249 |
Ratio of gross expenses to average net assets(4) | 1.16% | 1.03% | 1.06% | 1.07% | 1.04% | 1.07% |
Ratio of net expenses to average net assets(4) | 1.03% | 1.02% | 1.06% | 1.07% | 1.04% | 1.07% |
Ratio of net investment income/(loss) to average net assets(4) | 1.53% | 1.60% | 2.59% | 1.38% | 1.83% | 1.19% |
Portfolio turnover rate | 145% | 82% | 6% | 57% | 62% | 75% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
173 | Janus Investment Fund |
Years
or Period ended September 30 |
Year or Period ended July 31 | ||||
2019 | 2018 | 2017 (1) | 2017 | 2016 (2) | |
Net asset value, beginning of period | $31.64 | $34.89 | $34.10 | $32.18 | $34.37 |
Income from investment operations: | |||||
Net investment income/(loss)(3) | 0.49 | 0.56 | 0.13 | 0.42 | 0.57 |
Net gain/(loss) on investments (both realized and unrealized) | (3.91) | (3.14) | 0.66 | 2.47 | (2.46) |
Total from investment operations | (3.42) | (2.58) | 0.79 | 2.89 | (1.89) |
Less distributions: | |||||
Dividends from net investment income | (1.36) | (0.67) | — | (0.97) | (0.30) |
Total distributions | (1.36) | (0.67) | — | (0.97) | (0.30) |
Net asset value, end of period | $26.86 | $31.64 | $34.89 | $34.10 | $32.18 |
Total return(4) | (10.25)% | (7.54)% | 2.32% | 9.36% | (5.54)% |
Net assets, end of period (in thousands) | $139 | $284 | $318 | $210 | $1,413 |
Average net assets for the period (in thousands) | $207 | $332 | $245 | $1,074 | $1,393 |
Ratio of gross expenses to average net assets(5) | 2.56% | 1.43% | 1.19% | 1.10% | 1.05% |
Ratio of net expenses to average net assets(5) | 0.97% | 0.97% | 1.19% | 1.10% | 1.05% |
Ratio of net investment income/(loss) to average net assets(5) | 1.82% | 1.68% | 2.29% | 1.34% | 2.68% |
Portfolio turnover rate | 145% | 82% | 6% | 57% | 62% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period from November 30, 2015 (commencement of Class N Shares (formerly named Class R6 Shares)) through July 31, 2016. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
174 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 | |||
2019 | 2018 | 2017 (1) | 2017 (2) | |
Net asset value, beginning of period | $31.57 | $35.03 | $34.22 | $33.53 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.47 | 0.54 | 0.13 | 0.05 |
Net gain/(loss) on investments (both realized and unrealized) | (3.90) | (3.21) | 0.68 | 0.64 |
Total from investment operations | (3.43) | (2.67) | 0.81 | 0.69 |
Less distributions: | ||||
Dividends from net investment income | (1.08) | (0.79) | — | — |
Total distributions | (1.08) | (0.79) | — | — |
Net asset value, end of period | $27.06 | $31.57 | $35.03 | $34.22 |
Total return(4) | (10.43)% | (7.79)% | 2.37% | 2.06% |
Net assets, end of period (in thousands) | $676 | $929 | $1,275 | $983 |
Average net assets for the period (in thousands) | $762 | $1,598 | $1,077 | $63 |
Ratio of gross expenses to average net assets(5) | 1.76% | 1.31% | 1.22% | 1.51% |
Ratio of net expenses to average net assets(5) | 1.18% | 1.20% | 1.18% | 1.21% |
Ratio of net investment income/(loss) to average net assets(5) | 1.74% | 1.59% | 2.26% | 1.60% |
Portfolio turnover rate | 145% | 82% | 6% | 57% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class T Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
175 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | ||||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | ||
Net asset value, beginning of period | $7.16 | $7.80 | $7.78 | $7.29 | $7.86 | $8.36 | |
Income from investment operations: | |||||||
Net investment income/(loss)(2) | 0.46 | 0.49 | 0.08 | 0.47 | 0.48 | 0.48 | |
Net gain/(loss) on investments (both realized and unrealized) | (0.56) | (0.65) | 0.05 | 0.50 | (0.59) | (0.50) | |
Total from investment operations | (0.10) | (0.16) | 0.13 | 0.97 | (0.11) | (0.02) | |
Less distributions: | |||||||
Dividends from net investment income | (0.48) | (0.48) | (0.11) | (0.48) | (0.46) | (0.48) | |
Total distributions | (0.48) | (0.48) | (0.11) | (0.48) | (0.46) | (0.48) | |
Net asset value, end of period | $6.58 | $7.16 | $7.80 | $7.78 | $7.29 | $7.86 | |
Total return(3) | (1.22)% | (2.13)% | 1.63% | 13.90% | (1.05)% | (0.21)% | |
Net assets, end of period (in thousands) | $684,235 | $818,548 | $856,276 | $861,163 | $755,674 | $702,841 | |
Average net assets for the period (in thousands) | $695,276 | $878,570 | $854,512 | $788,169 | $708,673 | $656,758 | |
Ratio of gross expenses to average net assets(4) | 1.12% | 1.09% | 1.11% | 1.09% | 1.09% | 1.09% | |
Ratio of net expenses to average net assets(4) | 1.12% | 1.09% | 1.11% | 1.09% | 1.09% | 1.09% | |
Ratio of net investment income/(loss) to average net assets(4) | 6.91% | 6.43% | 5.93% | 6.40% | 6.60% | 5.99% | |
Portfolio turnover rate | 142% | 137% | 21% | 127% | 145% | 127% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
176 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $7.11 | $7.75 | $7.73 | $7.24 | $7.81 | $8.32 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.42 | 0.44 | 0.07 | 0.41 | 0.41 | 0.42 |
Net gain/(loss) on investments (both realized and unrealized) | (0.56) | (0.65) | 0.04 | 0.51 | (0.58) | (0.51) |
Total from investment operations | (0.14) | (0.21) | 0.11 | 0.92 | (0.17) | (0.09) |
Less distributions: | ||||||
Dividends from net investment income | (0.44) | (0.43) | (0.09) | (0.43) | (0.40) | (0.42) |
Total distributions | (0.44) | (0.43) | (0.09) | (0.43) | (0.40) | (0.42) |
Net asset value, end of period | $6.53 | $7.11 | $7.75 | $7.73 | $7.24 | $7.81 |
Total return(3) | (1.88)% | (2.76)% | 1.46% | 13.18% | (1.76)% | (1.09)% |
Net assets, end of period (in thousands) | $677,303 | $1,037,471 | $1,073,190 | $1,047,109 | $1,074,860 | $1,138,357 |
Average net assets for the period (in thousands) | $804,713 | $1,127,161 | $1,057,701 | $1,018,868 | $1,065,445 | $1,010,068 |
Ratio of gross expenses to average net assets(4) | 1.76% | 1.75% | 1.85% | 1.81% | 1.85% | 1.86% |
Ratio of net expenses to average net assets(4) | 1.76% | 1.75% | 1.85% | 1.81% | 1.85% | 1.86% |
Ratio of net investment income/(loss) to average net assets(4) | 6.24% | 5.82% | 5.18% | 5.57% | 5.70% | 5.28% |
Portfolio turnover rate | 142% | 137% | 21% | 127% | 145% | 127% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
177 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 | ||||
2019 | 2018 | 2017 (1) | 2017 (2) | ||
Net asset value, beginning of period | $7.15 | $7.79 | $7.77 | $7.83 | |
Income from investment operations: | |||||
Net investment income/(loss)(3) | 0.49 | 0.54 | 0.08 | 0.07 | |
Net gain/(loss) on investments (both realized and unrealized) | (0.60) | (0.70) | 0.04 | 0.06 | |
Total from investment operations | (0.11) | (0.16) | 0.12 | 0.13 | |
Less distributions: | |||||
Dividends from net investment income | (0.48) | (0.48) | (0.10) | (0.19) | |
Total distributions | (0.48) | (0.48) | (0.10) | (0.19) | |
Net asset value, end of period | $6.56 | $7.15 | $7.79 | $7.77 | |
Total return(4) | (1.31)% | (2.16)% | 1.58% | 1.71% | |
Net assets, end of period (in thousands) | $2,470 | $232 | $51 | $51 | |
Average net assets for the period (in thousands) | $1,805 | $127 | $51 | $50 | |
Ratio of gross expenses to average net assets(5) | 1.38% | 2.37% | 1.21% | 1.19% | |
Ratio of net expenses to average net assets(5) | 1.34% | 1.27% | 1.03% | 1.19% | |
Ratio of net investment income/(loss) to average net assets(5) | 7.35% | 7.23% | 6.01% | 5.89% | |
Portfolio turnover rate | 142% | 137% | 21% | 127% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class S Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
178 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $7.18 | $7.81 | $7.80 | $7.30 | $7.87 | $8.37 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.49 | 0.53 | 0.08 | 0.49 | 0.49 | 0.51 |
Net gain/(loss) on investments (both realized and unrealized) | (0.57) | (0.66) | 0.04 | 0.51 | (0.59) | (0.51) |
Total from investment operations | (0.08) | (0.13) | 0.12 | 1.00 | (0.10) | — |
Less distributions: | ||||||
Dividends from net investment income | (0.50) | (0.50) | (0.11) | (0.50) | (0.47) | (0.50) |
Total distributions | (0.50) | (0.50) | (0.11) | (0.50) | (0.47) | (0.50) |
Net asset value, end of period | $6.60 | $7.18 | $7.81 | $7.80 | $7.30 | $7.87 |
Total return(3) | (0.89)% | (1.68)% | 1.58% | 14.32% | (0.83)% | 0.02% |
Net assets, end of period (in thousands) | $3,008,858 | $3,509,735 | $3,075,563 | $2,866,944 | $2,178,545 | $1,864,448 |
Average net assets for the period (in thousands) | $2,998,950 | $3,534,302 | $2,981,623 | $2,411,600 | $1,846,322 | $1,574,951 |
Ratio of gross expenses to average net assets(4) | 0.79% | 0.76% | 0.78% | 0.81% | 0.84% | 0.86% |
Ratio of net expenses to average net assets(4) | 0.79% | 0.76% | 0.78% | 0.81% | 0.84% | 0.86% |
Ratio of net investment income/(loss) to average net assets(4) | 7.30% | 6.88% | 6.26% | 6.67% | 6.75% | 6.32% |
Portfolio turnover rate | 142% | 137% | 21% | 127% | 145% | 127% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
179 | Janus Investment Fund |
Years
or Period ended September 30 |
Year
or Period ended July 31 | ||||
2019 | 2018 | 2017 (1) | 2017 | 2016 (2) | |
Net asset value, beginning of period | $7.18 | $7.81 | $7.80 | $7.30 | $7.44 |
Income from investment operations: | |||||
Net investment income/(loss)(3) | 0.50 | 0.52 | 0.08 | 0.54 | 0.34 |
Net gain/(loss) on investments (both realized and unrealized) | (0.57) | (0.64) | 0.04 | 0.47 | (0.16) |
Total from investment operations | (0.07) | (0.12) | 0.12 | 1.01 | 0.18 |
Less distributions: | |||||
Dividends from net investment income | (0.51) | (0.51) | (0.11) | (0.51) | (0.32) |
Total distributions | (0.51) | (0.51) | (0.11) | (0.51) | (0.32) |
Net asset value, end of period | $6.60 | $7.18 | $7.81 | $7.80 | $7.30 |
Total return(4) | (0.82)% | (1.64)% | 1.59% | 14.39% | 2.77% |
Net assets, end of period (in thousands) | $12,886 | $6,841 | $5,099 | $4,156 | $1,824 |
Average net assets for the period (in thousands) | $10,817 | $5,880 | $4,537 | $2,945 | $1,748 |
Ratio of gross expenses to average net assets(5) | 0.75% | 0.72% | 0.70% | 0.76% | 0.79% |
Ratio of net expenses to average net assets(5) | 0.75% | 0.72% | 0.70% | 0.76% | 0.79% |
Ratio of net investment income/(loss) to average net assets(5) | 7.53% | 6.83% | 6.40% | 7.26% | 4.71% |
Portfolio turnover rate | 142% | 137% | 21% | 127% | 145% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period November 30, 2015 (commencement of Class N Shares (formerly named Class R6 Shares)) through July 31, 2016. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
180 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 | |||
2019 | 2018 | 2017 (1) | 2017 (2) | |
Net asset value, beginning of period | $7.15 | $7.78 | $7.77 | $7.83 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.49 | 0.54 | 0.08 | 0.06 |
Net gain/(loss) on investments (both realized and unrealized) | (0.58) | (0.68) | 0.04 | 0.07 |
Total from investment operations | (0.09) | (0.14) | 0.12 | 0.13 |
Less distributions: | ||||
Dividends from net investment income | (0.49) | (0.49) | (0.11) | (0.19) |
Total distributions | (0.49) | (0.49) | (0.11) | (0.19) |
Net asset value, end of period | $6.57 | $7.15 | $7.78 | $7.77 |
Total return(4) | (1.04)% | (1.84)% | 1.56% | 1.74% |
Net assets, end of period (in thousands) | $70,735 | $53,548 | $30,421 | $8,619 |
Average net assets for the period (in thousands) | $65,061 | $55,040 | $17,484 | $4,061 |
Ratio of gross expenses to average net assets(5) | 0.97% | 0.94% | 0.98% | 0.96% |
Ratio of net expenses to average net assets(5) | 0.95% | 0.93% | 0.98% | 0.96% |
Ratio of net investment income/(loss) to average net assets(5) | 7.41% | 7.12% | 6.52% | 5.03% |
Portfolio turnover rate | 142% | 137% | 21% | 127% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class T Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
181 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $64.96 | $55.76 | $49.16 | $53.74 | $52.09 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.17 | 0.01 | 0.05 | 0.05 | (0.14) |
Net gain/(loss) on investments (both realized and unrealized) | (4.52) | 9.74 | 7.01 | 0.11 | 7.19 |
Total from investment operations | (4.35) | 9.75 | 7.06 | 0.16 | 7.05 |
Less distributions: | |||||
Dividends from net investment income | — | (0.07) | (0.03) | (0.14) | — |
Distributions from capital gains | (6.72) | (0.48) | (0.43) | (4.60) | (5.40) |
Total distributions | (6.72) | (0.55) | (0.46) | (4.74) | (5.40) |
Net asset value, end of period | $53.89 | $64.96 | $55.76 | $49.16 | $53.74 |
Total return(2) | (5.85)% | 17.70% | 14.58% | (0.07)% | 14.00% |
Net assets, end of period (in thousands) | $177,862 | $195,674 | $188,407 | $297,151 | $353,880 |
Average net assets for the period (in thousands) | $182,919 | $181,464 | $206,577 | $324,567 | $239,781 |
Ratio of gross expenses to average net assets | 1.00% | 0.99% | 1.02% | 1.04% | 1.04% |
Ratio of net expenses to average net assets | 1.00% | 0.99% | 1.02% | 1.04% | 1.04% |
Ratio of net investment income/(loss) to average net assets | 0.30% | 0.02% | 0.10% | 0.10% | (0.23)% |
Portfolio turnover rate | 36% | 46% | 38% | 41% | 47% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
182 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $60.16 | $52.00 | $46.18 | $51.00 | $50.02 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | (0.21) | (0.40) | (0.27) | (0.32) | (0.54) |
Net gain/(loss) on investments (both realized and unrealized) | (4.23) | 9.04 | 6.52 | 0.10 | 6.92 |
Total from investment operations | (4.44) | 8.64 | 6.25 | (0.22) | 6.38 |
Less distributions: | |||||
Dividends from net investment income | — | — | — | — | — |
Distributions from capital gains | (6.72) | (0.48) | (0.43) | (4.60) | (5.40) |
Total distributions | (6.72) | (0.48) | (0.43) | (4.60) | (5.40) |
Net asset value, end of period | $49.00 | $60.16 | $52.00 | $46.18 | $51.00 |
Total return(2) | (6.53)% | 16.81% | 13.76% | (0.86)% | 13.18% |
Net assets, end of period (in thousands) | $148,147 | $182,894 | $180,251 | $201,539 | $215,417 |
Average net assets for the period (in thousands) | $163,407 | $173,167 | $175,301 | $210,680 | $131,989 |
Ratio of gross expenses to average net assets | 1.71% | 1.75% | 1.76% | 1.84% | 1.76% |
Ratio of net expenses to average net assets | 1.71% | 1.75% | 1.76% | 1.84% | 1.76% |
Ratio of net investment income/(loss) to average net assets | (0.42)% | (0.74)% | (0.59)% | (0.69)% | (0.96)% |
Portfolio turnover rate | 36% | 46% | 38% | 41% | 47% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
183 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $64.07 | $55.09 | $48.62 | $53.23 | $51.68 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.07 | (0.08) | 0.01 | (0.01) | (0.21) |
Net gain/(loss) on investments (both realized and unrealized) | (4.48) | 9.60 | 6.90 | 0.09 | 7.16 |
Total from investment operations | (4.41) | 9.52 | 6.91 | 0.08 | 6.95 |
Less distributions: | |||||
Dividends from net investment income | — | (0.06) | (0.01) | (0.09) | — |
Distributions from capital gains | (6.72) | (0.48) | (0.43) | (4.60) | (5.40) |
Total distributions | (6.72) | (0.54) | (0.44) | (4.69) | (5.40) |
Net asset value, end of period | $52.94 | $64.07 | $55.09 | $48.62 | $53.23 |
Total return(2) | (6.04)% | 17.49% | 14.43% | (0.23)% | 13.92% |
Net assets, end of period (in thousands) | $18,981 | $20,113 | $17,189 | $16,223 | $12,882 |
Average net assets for the period (in thousands) | $19,870 | $18,269 | $15,685 | $15,038 | $10,085 |
Ratio of gross expenses to average net assets | 1.19% | 1.18% | 1.17% | 1.19% | 1.21% |
Ratio of net expenses to average net assets | 1.18% | 1.17% | 1.16% | 1.18% | 1.15% |
Ratio of net investment income/(loss) to average net assets | 0.14% | (0.14)% | 0.02% | (0.02)% | (0.36)% |
Portfolio turnover rate | 36% | 46% | 38% | 41% | 47% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
184 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $65.96 | $56.66 | $49.96 | $54.48 | $52.66 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.30 | 0.15 | 0.22 | 0.17 | 0.01 |
Net gain/(loss) on investments (both realized and unrealized) | (4.58) | 9.87 | 7.08 | 0.12 | 7.21 |
Total from investment operations | (4.28) | 10.02 | 7.30 | 0.29 | 7.22 |
Less distributions: | |||||
Dividends from net investment income | — | (0.24) | (0.17) | (0.21) | — |
Distributions from capital gains | (6.72) | (0.48) | (0.43) | (4.60) | (5.40) |
Total distributions | (6.72) | (0.72) | (0.60) | (4.81) | (5.40) |
Net asset value, end of period | $54.96 | $65.96 | $56.66 | $49.96 | $54.48 |
Total return(2) | (5.63)% | 17.97% | 14.90% | 0.19% | 14.19% |
Net assets, end of period (in thousands) | $692,575 | $762,127 | $629,650 | $415,083 | $481,253 |
Average net assets for the period (in thousands) | $719,800 | $688,302 | $493,309 | $409,682 | $413,993 |
Ratio of gross expenses to average net assets | 0.77% | 0.76% | 0.77% | 0.78% | 0.78% |
Ratio of net expenses to average net assets | 0.77% | 0.76% | 0.77% | 0.78% | 0.78% |
Ratio of net investment income/(loss) to average net assets | 0.53% | 0.26% | 0.43% | 0.34% | 0.01% |
Portfolio turnover rate | 36% | 46% | 38% | 41% | 47% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
185 | Janus Investment Fund |
Year
or Period ended September 30 | ||
2019 | 2018 (1) | |
Net asset value, beginning of period | $65.76 | $59.59 |
Income from investment operations: | ||
Net investment income/(loss)(2) | 0.36 | 0.16 |
Net gain/(loss) on investments (both realized and unrealized) | (4.59) | 6.01 |
Total from investment operations | (4.23) | 6.17 |
Less distributions: | ||
Dividends from net investment income | — | — |
Dividends from capital gains | (6.72) | — |
Total distributions | (6.72) | — |
Net asset value, end of period | $54.81 | $65.76 |
Total return(3) | (5.57)% | 10.35% |
Net assets, end of period (in thousands) | $90,958 | $104,903 |
Average net assets for the period (in thousands) | $99,924 | $24,212 |
Ratio of gross expenses to average net assets(4) | 0.68% | 0.70% |
Ratio of net expenses to average net assets(4) | 0.68% | 0.70% |
Ratio of net investment income/(loss) to average net assets(4) | 0.63% | 0.39% |
Portfolio turnover rate | 36% | 46% |
(1) | Period January 26, 2018 (commencement of Class N Shares) through September 30, 2018. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
186 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $65.66 | $56.39 | $49.71 | $54.23 | $52.47 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.22 | 0.06 | 0.13 | 0.10 | (0.09) |
Net gain/(loss) on investments (both realized and unrealized) | (4.57) | 9.84 | 7.06 | 0.11 | 7.25 |
Total from investment operations | (4.35) | 9.90 | 7.19 | 0.21 | 7.16 |
Less distributions: | |||||
Dividends from net investment income | — | (0.15) | (0.08) | (0.13) | — |
Distributions from capital gains | (6.72) | (0.48) | (0.43) | (4.60) | (5.40) |
Total distributions | (6.72) | (0.63) | (0.51) | (4.73) | (5.40) |
Net asset value, end of period | $54.59 | $65.66 | $56.39 | $49.71 | $54.23 |
Total return(2) | (5.78)% | 17.80% | 14.71% | 0.04% | 14.12% |
Net assets, end of period (in thousands) | $1,102,667 | $1,293,953 | $1,323,853 | $1,469,645 | $1,950,138 |
Average net assets for the period (in thousands) | $1,180,068 | $1,230,729 | $1,282,363 | $1,653,993 | $1,741,793 |
Ratio of gross expenses to average net assets | 0.92% | 0.92% | 0.92% | 0.94% | 0.95% |
Ratio of net expenses to average net assets | 0.91% | 0.91% | 0.91% | 0.93% | 0.95% |
Ratio of net investment income/(loss) to average net assets | 0.38% | 0.10% | 0.26% | 0.20% | (0.15)% |
Portfolio turnover rate | 36% | 46% | 38% | 41% | 47% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
187 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.68 | $11.28 | $10.88 | $10.45 | $10.96 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.18 | 0.18 | 0.19 | 0.20 | 0.19 |
Net gain/(loss) on investments (both realized and unrealized) | 1.72 | 0.68 | 0.65 | 0.95 | (0.31) |
Total from investment operations | 1.90 | 0.86 | 0.84 | 1.15 | (0.12) |
Less distributions: | |||||
Dividends from net investment income | (0.36) | (0.46) | (0.33) | (0.34) | (0.22) |
Distributions from capital gains | (0.22) | — | (0.11) | (0.38) | (0.17) |
Total distributions | (0.58) | (0.46) | (0.44) | (0.72) | (0.39) |
Net asset value, end of period | $13.00 | $11.68 | $11.28 | $10.88 | $10.45 |
Total return(2) | 17.12% | 7.76% | 8.16% | 11.55% | (1.27)% |
Net assets, end of period (in thousands) | $9,167 | $5,828 | $4,675 | $12,752 | $27,980 |
Average net assets for the period (in thousands) | $7,245 | $5,093 | $7,879 | $19,176 | $25,808 |
Ratio of gross expenses to average net assets | 1.36% | 1.26% | 1.15% | 1.26% | 1.27% |
Ratio of net expenses to average net assets | 1.35% | 1.26% | 1.15% | 1.26% | 1.27% |
Ratio of net investment income/(loss) to average net assets | 1.46% | 1.60% | 1.77% | 1.91% | 1.66% |
Portfolio turnover rate | 61% | 78% | 72% | 18% | 22% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
188 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.53 | $11.14 | $10.77 | $10.36 | $10.88 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.09 | 0.10 | 0.11 | 0.12 | 0.09 |
Net gain/(loss) on investments (both realized and unrealized) | 1.69 | 0.67 | 0.64 | 0.94 | (0.30) |
Total from investment operations | 1.78 | 0.77 | 0.75 | 1.06 | (0.21) |
Less distributions: | |||||
Dividends from net investment income | (0.28) | (0.38) | (0.27) | (0.27) | (0.14) |
Distributions from capital gains | (0.22) | — | (0.11) | (0.38) | (0.17) |
Total distributions | (0.50) | (0.38) | (0.38) | (0.65) | (0.31) |
Net asset value, end of period | $12.81 | $11.53 | $11.14 | $10.77 | $10.36 |
Total return(2) | 16.19% | 7.01% | 7.34% | 10.69% | (2.03)% |
Net assets, end of period (in thousands) | $8,020 | $6,970 | $6,432 | $7,299 | $8,393 |
Average net assets for the period (in thousands) | $7,211 | $6,717 | $6,520 | $8,033 | $9,177 |
Ratio of gross expenses to average net assets | 2.09% | 2.00% | 1.88% | 1.99% | 2.02% |
Ratio of net expenses to average net assets | 2.09% | 2.00% | 1.88% | 1.99% | 2.02% |
Ratio of net investment income/(loss) to average net assets | 0.73% | 0.84% | 1.01% | 1.15% | 0.83% |
Portfolio turnover rate | 61% | 78% | 72% | 18% | 22% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
189 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.66 | $11.26 | $10.88 | $10.46 | $10.97 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.15 | 0.16 | 0.17 | 0.19 | 0.16 |
Net gain/(loss) on investments (both realized and unrealized) | 1.72 | 0.67 | 0.65 | 0.94 | (0.30) |
Total from investment operations | 1.87 | 0.83 | 0.82 | 1.13 | (0.14) |
Less distributions: | |||||
Dividends from net investment income | (0.34) | (0.43) | (0.33) | (0.33) | (0.20) |
Distributions from capital gains | (0.22) | — | (0.11) | (0.38) | (0.17) |
Total distributions | (0.56) | (0.43) | (0.44) | (0.71) | (0.37) |
Net asset value, end of period | $12.97 | $11.66 | $11.26 | $10.88 | $10.46 |
Total return(2) | 16.86% | 7.56% | 7.95% | 11.35% | (1.42)% |
Net assets, end of period (in thousands) | $5,177 | $2,464 | $2,662 | $3,395 | $2,953 |
Average net assets for the period (in thousands) | $3,433 | $2,615 | $2,928 | $3,273 | $2,856 |
Ratio of gross expenses to average net assets | 1.57% | 1.45% | 1.30% | 1.39% | 1.44% |
Ratio of net expenses to average net assets | 1.53% | 1.45% | 1.30% | 1.39% | 1.44% |
Ratio of net investment income/(loss) to average net assets | 1.28% | 1.35% | 1.56% | 1.81% | 1.45% |
Portfolio turnover rate | 61% | 78% | 72% | 18% | 22% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
190 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.75 | $11.33 | $10.95 | $10.52 | $11.03 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.20 | 0.22 | 0.22 | 0.23 | 0.21 |
Net gain/(loss) on investments (both realized and unrealized) | 1.74 | 0.69 | 0.65 | 0.95 | (0.31) |
Total from investment operations | 1.94 | 0.91 | 0.87 | 1.18 | (0.10) |
Less distributions: | |||||
Dividends from net investment income | (0.39) | (0.49) | (0.38) | (0.37) | (0.24) |
Distributions from capital gains | (0.22) | — | (0.11) | (0.38) | (0.17) |
Total distributions | (0.61) | (0.49) | (0.49) | (0.75) | (0.41) |
Net asset value, end of period | $13.08 | $11.75 | $11.33 | $10.95 | $10.52 |
Total return(2) | 17.41% | 8.21% | 8.39% | 11.83% | (1.06)% |
Net assets, end of period (in thousands) | $211,998 | $147,863 | $114,658 | $118,357 | $108,004 |
Average net assets for the period (in thousands) | $186,262 | $120,270 | $110,825 | $110,544 | $124,109 |
Ratio of gross expenses to average net assets | 1.09% | 0.96% | 0.87% | 0.98% | 1.02% |
Ratio of net expenses to average net assets | 1.09% | 0.96% | 0.87% | 0.98% | 1.02% |
Ratio of net investment income/(loss) to average net assets | 1.68% | 1.91% | 2.00% | 2.16% | 1.87% |
Portfolio turnover rate | 61% | 78% | 72% | 18% | 22% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
191 | Janus Investment Fund |
Year
or Period ended September 30 | ||
2019 | 2018 (1) | |
Net asset value, beginning of period | $11.75 | $11.81 |
Income from investment operations: | ||
Net investment income/(loss)(2) | 0.27 | 0.17 |
Net gain/(loss) on investments (both realized and unrealized) | 1.67 | (0.10) (3) |
Total from investment operations | 1.94 | 0.07 |
Less distributions: | ||
Dividends from net investment income | (0.40) | (0.13) |
Distributions from capital gains | (0.22) | — |
Total distributions | (0.62) | (0.13) |
Net asset value, end of period | $13.07 | $11.75 |
Total return(4) | 17.43% | 0.59% |
Net assets, end of period (in thousands) | $71,472 | $35,316 |
Average net assets for the period (in thousands) | $34,671 | $28,132 |
Ratio of gross expenses to average net assets(5) | 0.99% | 0.93% |
Ratio of net expenses to average net assets(5) | 0.99% | 0.93% |
Ratio of net investment income/(loss) to average net assets(5) | 2.28% | 2.14% |
Portfolio turnover rate | 61% | 78% |
(1) | Period January 26, 2018 (commencement of Class N Shares) through September 30, 2018. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
192 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.75 | $11.34 | $10.95 | $10.52 | $11.03 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.19 | 0.19 | 0.20 | 0.21 | 0.20 |
Net gain/(loss) on investments (both realized and unrealized) | 1.74 | 0.69 | 0.66 | 0.96 | (0.31) |
Total from investment operations | 1.93 | 0.88 | 0.86 | 1.17 | (0.11) |
Less distributions: | |||||
Dividends from net investment income | (0.38) | (0.47) | (0.36) | (0.36) | (0.23) |
Distributions from capital gains | (0.22) | — | (0.11) | (0.38) | (0.17) |
Total distributions | (0.60) | (0.47) | (0.47) | (0.74) | (0.40) |
Net asset value, end of period | $13.08 | $11.75 | $11.34 | $10.95 | $10.52 |
Total return(2) | 17.27% | 7.90% | 8.29% | 11.64% | (1.18)% |
Net assets, end of period (in thousands) | $80,573 | $43,490 | $53,339 | $67,589 | $79,815 |
Average net assets for the period (in thousands) | $54,353 | $51,128 | $55,685 | $75,722 | $68,630 |
Ratio of gross expenses to average net assets | 1.23% | 1.14% | 1.04% | 1.14% | 1.18% |
Ratio of net expenses to average net assets | 1.23% | 1.14% | 1.04% | 1.14% | 1.17% |
Ratio of net investment income/(loss) to average net assets | 1.59% | 1.64% | 1.84% | 2.00% | 1.79% |
Portfolio turnover rate | 61% | 78% | 72% | 18% | 22% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
193 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $85.80 | $76.26 | $64.32 | $60.53 | $63.24 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.65 | 0.57 | 0.44 | 0.49 | 0.45 |
Net gain/(loss) on investments (both realized and unrealized) | (0.20) (2) | 9.25 | 11.82 | 3.75 | (2.62) |
Total from investment operations | 0.45 | 9.82 | 12.26 | 4.24 | (2.17) |
Less distributions: | |||||
Dividends from net investment income | (0.46) | (0.28) | (0.32) | (0.45) | (0.54) |
Distributions from capital gains | (4.12) | — | — | — | — |
Total distributions | (4.58) | (0.28) | (0.32) | (0.45) | (0.54) |
Net asset value, end of period | $81.67 | $85.80 | $76.26 | $64.32 | $60.53 |
Total return(3) | 1.43% | 12.90% | 19.16% | 7.03% | (3.47)% |
Net assets, end of period (in thousands) | $18,247 | $16,478 | $15,642 | $20,371 | $19,370 |
Average net assets for the period (in thousands) | $17,274 | $15,685 | $16,679 | $20,804 | $15,993 |
Ratio of gross expenses to average net assets | 1.32% | 1.14% | 1.14% | 1.02% | 0.98% |
Ratio of net expenses to average net assets | 1.16% | 1.00% | 1.04% | 1.02% | 0.98% |
Ratio of net investment income/(loss) to average net assets | 0.83% | 0.70% | 0.64% | 0.80% | 0.67% |
Portfolio turnover rate | 35% | 32% | 48% | 45% | 51% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
194 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $83.65 | $74.57 | $62.97 | $59.41 | $62.16 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.13 | 0.04 | 0.04 | 0.04 | (0.07) |
Net gain/(loss) on investments (both realized and unrealized) | (0.16) (2) | 9.04 | 11.56 | 3.68 | (2.55) |
Total from investment operations | (0.03) | 9.08 | 11.60 | 3.72 | (2.62) |
Less distributions: | |||||
Dividends from net investment income | — | — | — | (0.16) | (0.13) |
Distributions from capital gains | (4.12) | — | — | — | — |
Total distributions | (4.12) | — | — | (0.16) | (0.13) |
Net asset value, end of period | $79.50 | $83.65 | $74.57 | $62.97 | $59.41 |
Total return(3) | 0.78% | 12.18% | 18.42% | 6.27% | (4.23)% |
Net assets, end of period (in thousands) | $5,564 | $7,746 | $8,954 | $10,101 | $10,020 |
Average net assets for the period (in thousands) | $6,303 | $8,343 | $9,330 | $10,803 | $8,388 |
Ratio of gross expenses to average net assets | 1.80% | 1.64% | 1.67% | 1.74% | 1.74% |
Ratio of net expenses to average net assets | 1.80% | 1.64% | 1.67% | 1.74% | 1.74% |
Ratio of net investment income/(loss) to average net assets | 0.17% | 0.05% | 0.06% | 0.07% | (0.11)% |
Portfolio turnover rate | 35% | 32% | 48% | 45% | 51% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
195 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $85.96 | $76.40 | $64.41 | $60.62 | $63.33 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.61 | 0.51 | 0.45 | 0.47 | 0.31 |
Net gain/(loss) on investments (both realized and unrealized) | (0.18) (2) | 9.30 | 11.82 | 3.72 | (2.60) |
Total from investment operations | 0.43 | 9.81 | 12.27 | 4.19 | (2.29) |
Less distributions: | |||||
Dividends from net investment income | (0.42) | (0.25) | (0.28) | (0.40) | (0.42) |
Distributions from capital gains | (4.12) | — | — | — | — |
Total distributions | (4.54) | (0.25) | (0.28) | (0.40) | (0.42) |
Net asset value, end of period | $81.85 | $85.96 | $76.40 | $64.41 | $60.62 |
Total return(3) | 1.40% | 12.86% | 19.14% | 6.94% | (3.64)% |
Net assets, end of period (in thousands) | $109,878 | $62,331 | $81,729 | $72,931 | $39,206 |
Average net assets for the period (in thousands) | $64,355 | $67,144 | $68,266 | $68,472 | $44,281 |
Ratio of gross expenses to average net assets | 1.18% | 1.04% | 1.07% | 1.11% | 1.13% |
Ratio of net expenses to average net assets | 1.18% | 1.04% | 1.07% | 1.11% | 1.13% |
Ratio of net investment income/(loss) to average net assets | 0.77% | 0.63% | 0.66% | 0.76% | 0.47% |
Portfolio turnover rate | 35% | 32% | 48% | 45% | 51% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
196 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $86.16 | $76.57 | $64.58 | $60.68 | $63.41 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.95 | 0.91 | 0.78 | 0.70 | 0.61 |
Net gain/(loss) on investments (both realized and unrealized) | (0.20) (2) | 9.27 | 11.79 | 3.77 | (2.63) |
Total from investment operations | 0.75 | 10.18 | 12.57 | 4.47 | (2.02) |
Less distributions: | |||||
Dividends from net investment income | (0.69) | (0.59) | (0.58) | (0.57) | (0.71) |
Distributions from capital gains | (4.12) | — | — | — | — |
Total distributions | (4.81) | (0.59) | (0.58) | (0.57) | (0.71) |
Net asset value, end of period | $82.10 | $86.16 | $76.57 | $64.58 | $60.68 |
Total return(3) | 1.85% | 13.36% | 19.64% | 7.40% | (3.22)% |
Net assets, end of period (in thousands) | $139,584 | $179,093 | $162,788 | $145,787 | $143,285 |
Average net assets for the period (in thousands) | $146,672 | $167,007 | $157,847 | $141,793 | $157,129 |
Ratio of gross expenses to average net assets | 0.74% | 0.60% | 0.65% | 0.69% | 0.70% |
Ratio of net expenses to average net assets | 0.74% | 0.60% | 0.65% | 0.69% | 0.70% |
Ratio of net investment income/(loss) to average net assets | 1.21% | 1.11% | 1.13% | 1.13% | 0.92% |
Portfolio turnover rate | 35% | 32% | 48% | 45% | 51% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
197 | Janus Investment Fund |
Years
or Period ended September 30 | |||
2019 | 2018 | 2017 (1) | |
Net asset value, beginning of period | $84.85 | $75.44 | $73.87 |
Income from investment operations: | |||
Net investment income/(loss)(2) | 1.02 | 0.96 | 0.11 |
Net gain/(loss) on investments (both realized and unrealized) | (0.25) (3) | 9.11 | 1.46 |
Total from investment operations | 0.77 | 10.07 | 1.57 |
Less distributions: | |||
Dividends from net investment income | (0.73) | (0.66) | — |
Distributions from capital gains | (4.12) | — | — |
Total distributions | (4.85) | (0.66) | — |
Net asset value, end of period | $80.77 | $84.85 | $75.44 |
Total return(4) | 1.91% | 13.42% | 2.13% |
Net assets, end of period (in thousands) | $31,393 | $38,195 | $28,326 |
Average net assets for the period (in thousands) | $37,778 | $36,802 | $17,865 |
Ratio of gross expenses to average net assets(5) | 0.68% | 0.54% | 0.63% |
Ratio of net expenses to average net assets(5) | 0.68% | 0.54% | 0.63% |
Ratio of net investment income/(loss) to average net assets(5) | 1.32% | 1.19% | 1.01% |
Portfolio turnover rate | 35% | 32% | 48% |
(1) | Period August 4, 2017 (commencement of Class N Shares) through September 30, 2017. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
198 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $84.95 | $75.55 | $63.73 | $59.97 | $62.75 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.39 | 0.32 | 0.30 | 0.28 | 0.17 |
Net gain/(loss) on investments (both realized and unrealized) | (0.18) (2) | 9.15 | 11.67 | 3.72 | (2.59) |
Total from investment operations | 0.21 | 9.47 | 11.97 | 4.00 | (2.42) |
Less distributions: | |||||
Dividends from net investment income | (0.26) | (0.07) | (0.15) | (0.24) | (0.36) |
Distributions from capital gains | (4.12) | — | — | — | — |
Total distributions | (4.38) | (0.07) | (0.15) | (0.24) | (0.36) |
Net asset value, end of period | $80.78 | $84.95 | $75.55 | $63.73 | $59.97 |
Total return(3) | 1.11% | 12.55% | 18.84% | 6.68% | (3.88)% |
Net assets, end of period (in thousands) | $6,574 | $6,417 | $6,196 | $5,168 | $5,025 |
Average net assets for the period (in thousands) | $6,232 | $6,245 | $5,724 | $5,234 | $3,859 |
Ratio of gross expenses to average net assets | 1.47% | 1.31% | 1.32% | 1.37% | 1.39% |
Ratio of net expenses to average net assets | 1.47% | 1.31% | 1.32% | 1.37% | 1.39% |
Ratio of net investment income/(loss) to average net assets | 0.50% | 0.40% | 0.44% | 0.46% | 0.26% |
Portfolio turnover rate | 35% | 32% | 48% | 45% | 51% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
199 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $84.82 | $75.41 | $63.61 | $59.77 | $62.46 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.82 | 0.75 | 0.64 | 0.59 | 0.48 |
Net gain/(loss) on investments (both realized and unrealized) | (0.21) (2) | 9.13 | 11.63 | 3.71 | (2.57) |
Total from investment operations | 0.61 | 9.88 | 12.27 | 4.30 | (2.09) |
Less distributions: | |||||
Dividends from net investment income | (0.58) | (0.47) | (0.47) | (0.46) | (0.60) |
Distributions from capital gains | (4.12) | — | — | — | — |
Total distributions | (4.70) | (0.47) | (0.47) | (0.46) | (0.60) |
Net asset value, end of period | $80.73 | $84.82 | $75.41 | $63.61 | $59.77 |
Total return(3) | 1.67% | 13.16% | 19.44% | 7.22% | (3.39)% |
Net assets, end of period (in thousands) | $1,014,552 | $1,054,640 | $997,013 | $908,782 | $931,954 |
Average net assets for the period (in thousands) | $988,429 | $1,033,780 | $932,646 | $917,744 | $1,026,731 |
Ratio of gross expenses to average net assets | 0.93% | 0.79% | 0.82% | 0.86% | 0.88% |
Ratio of net expenses to average net assets | 0.92% | 0.78% | 0.81% | 0.86% | 0.87% |
Ratio of net investment income/(loss) to average net assets | 1.05% | 0.93% | 0.93% | 0.96% | 0.74% |
Portfolio turnover rate | 35% | 32% | 48% | 45% | 51% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
200 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $17.64 | $16.16 | $12.97 | $12.40 | $13.27 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.14 | 0.09 | 0.10 | 0.07 | 0.08 |
Net gain/(loss) on investments (both realized and unrealized) | (0.58) | 1.52 | 3.21 | 0.62 | (0.88) |
Total from investment operations | (0.44) | 1.61 | 3.31 | 0.69 | (0.80) |
Less distributions: | |||||
Dividends from net investment income | (0.06) | (0.13) | (0.12) | (0.12) | (0.07) |
Distributions from capital gains | (2.13) | — | — | — | — |
Total distributions | (2.19) | (0.13) | (0.12) | (0.12) | (0.07) |
Net asset value, end of period | $15.01 | $17.64 | $16.16 | $12.97 | $12.40 |
Total return(2) | (0.72)% | 9.99% | 25.74% | 5.57% | (6.03)% |
Net assets, end of period (in thousands) | $5,380 | $4,666 | $3,951 | $4,537 | $5,007 |
Average net assets for the period (in thousands) | $4,885 | $4,885 | $4,294 | $4,780 | $5,786 |
Ratio of gross expenses to average net assets | 1.08% | 1.03% | 1.03% | 1.06% | 0.97% |
Ratio of net expenses to average net assets | 1.08% | 1.03% | 1.03% | 1.06% | 0.97% |
Ratio of net investment income/(loss) to average net assets | 0.97% | 0.54% | 0.67% | 0.59% | 0.58% |
Portfolio turnover rate | 30% | 41% | 42% | 58% | 62% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
201 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $17.10 | $15.69 | $12.59 | $12.02 | $12.90 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | — (2) | (0.05) | (0.02) | (0.02) | (0.03) |
Net gain/(loss) on investments (both realized and unrealized) | (0.55) | 1.49 | 3.13 | 0.59 | (0.85) |
Total from investment operations | (0.55) | 1.44 | 3.11 | 0.57 | (0.88) |
Less distributions: | |||||
Dividends from net investment income | — | (0.03) | (0.01) | — | — |
Distributions from capital gains | (2.13) | — | — | — | — |
Total distributions | (2.13) | (0.03) | (0.01) | — | — |
Net asset value, end of period | $14.42 | $17.10 | $15.69 | $12.59 | $12.02 |
Total return(3) | (1.55)% | 9.15% | 24.76% | 4.74% | (6.82)% |
Net assets, end of period (in thousands) | $1,197 | $2,229 | $2,521 | $3,026 | $3,471 |
Average net assets for the period (in thousands) | $1,534 | $2,591 | $2,738 | $3,228 | $3,866 |
Ratio of gross expenses to average net assets | 1.94% | 1.84% | 1.82% | 1.86% | 1.80% |
Ratio of net expenses to average net assets | 1.94% | 1.84% | 1.82% | 1.86% | 1.80% |
Ratio of net investment income/(loss) to average net assets | (0.01)% | (0.27)% | (0.13)% | (0.21)% | (0.25)% |
Portfolio turnover rate | 30% | 41% | 42% | 58% | 62% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | Less than $0.005 on a per share basis. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
202 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $17.74 | $16.24 | $13.04 | $12.43 | $13.32 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.10 | 0.04 | 0.09 | 0.06 | 0.06 |
Net gain/(loss) on investments (both realized and unrealized) | (0.58) | 1.53 | 3.21 | 0.63 | (0.89) |
Total from investment operations | (0.48) | 1.57 | 3.30 | 0.69 | (0.83) |
Less distributions: | |||||
Dividends from net investment income | (0.11) | (0.07) | (0.10) | (0.08) | (0.06) |
Distributions from capital gains | (2.13) | — | — | — | — |
Total distributions | (2.24) | (0.07) | (0.10) | (0.08) | (0.06) |
Net asset value, end of period | $15.02 | $17.74 | $16.24 | $13.04 | $12.43 |
Total return(2) | (0.97)% | 9.69% | 25.51% | 5.53% | (6.23)% |
Net assets, end of period (in thousands) | $248 | $251 | $379 | $312 | $383 |
Average net assets for the period (in thousands) | $234 | $259 | $349 | $334 | $452 |
Ratio of gross expenses to average net assets | 2.47% | 1.75% | 1.19% | 1.20% | 1.18% |
Ratio of net expenses to average net assets | 1.36% | 1.29% | 1.16% | 1.18% | 1.15% |
Ratio of net investment income/(loss) to average net assets | 0.66% | 0.25% | 0.60% | 0.48% | 0.41% |
Portfolio turnover rate | 30% | 41% | 42% | 58% | 62% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
203 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $17.61 | $16.12 | $12.94 | $12.37 | $13.24 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.19 | 0.15 | 0.16 | 0.11 | 0.11 |
Net gain/(loss) on investments (both realized and unrealized) | (0.58) | 1.49 | 3.18 | 0.62 | (0.87) |
Total from investment operations | (0.39) | 1.64 | 3.34 | 0.73 | (0.76) |
Less distributions: | |||||
Dividends from net investment income | (0.10) | (0.15) | (0.16) | (0.16) | (0.11) |
Distributions from capital gains | (2.13) | — | — | — | — |
Total distributions | (2.23) | (0.15) | (0.16) | (0.16) | (0.11) |
Net asset value, end of period | $14.99 | $17.61 | $16.12 | $12.94 | $12.37 |
Total return(2) | (0.39)% | 10.22% | 26.13% | 5.95% | (5.79)% |
Net assets, end of period (in thousands) | $17,024 | $17,043 | $16,745 | $20,189 | $24,648 |
Average net assets for the period (in thousands) | $16,875 | $15,444 | $28,860 | $22,610 | $34,328 |
Ratio of gross expenses to average net assets | 0.80% | 0.77% | 0.73% | 0.75% | 0.72% |
Ratio of net expenses to average net assets | 0.80% | 0.77% | 0.73% | 0.75% | 0.72% |
Ratio of net investment income/(loss) to average net assets | 1.27% | 0.86% | 1.09% | 0.89% | 0.83% |
Portfolio turnover rate | 30% | 41% | 42% | 58% | 62% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
204 | Janus Investment Fund |
Years
or Period ended September 30 | |||
2019 | 2018 | 2017 (1) | |
Net asset value, beginning of period | $17.58 | $16.09 | $15.60 |
Income from investment operations: | |||
Net investment income/(loss)(2) | 0.19 | 0.16 | 0.04 |
Net gain/(loss) on investments (both realized and unrealized) | (0.56) | 1.50 | 0.45 |
Total from investment operations | (0.37) | 1.66 | 0.49 |
Less distributions: | |||
Dividends from net investment income | (0.12) | (0.17) | — |
Distributions from capital gains | (2.13) | — | — |
Total distributions | (2.25) | (0.17) | — |
Net asset value, end of period | $14.96 | $17.58 | $16.09 |
Total return(3) | (0.28)% | 10.34% | 3.14% |
Net assets, end of period (in thousands) | $37,810 | $33,278 | $29,133 |
Average net assets for the period (in thousands) | $31,647 | $33,126 | $18,338 |
Ratio of gross expenses to average net assets(4) | 0.69% | 0.68% | 0.74% |
Ratio of net expenses to average net assets(4) | 0.69% | 0.68% | 0.74% |
Ratio of net investment income/(loss) to average net assets(4) | 1.32% | 0.92% | 1.61% |
Portfolio turnover rate | 30% | 41% | 42% |
(1) | Period August 4, 2017 (commencement of Class N Shares) through September 30, 2017. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
205 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $17.39 | $15.99 | $12.84 | $12.23 | $13.09 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.05 | — (2) | 0.05 | 0.03 | — (2) |
Net gain/(loss) on investments (both realized and unrealized) | (0.55) | 1.49 | 3.18 | 0.61 | (0.85) |
Total from investment operations | (0.50) | 1.49 | 3.23 | 0.64 | (0.85) |
Less distributions: | |||||
Dividends from net investment income | — | (0.09) | (0.08) | (0.03) | (0.01) |
Distributions from capital gains | (2.13) | — | — | — | — |
Total distributions | (2.13) | (0.09) | (0.08) | (0.03) | (0.01) |
Net asset value, end of period | $14.76 | $17.39 | $15.99 | $12.84 | $12.23 |
Total return(3) | (1.21)% | 9.32% | 25.25% | 5.23% | (6.50)% |
Net assets, end of period (in thousands) | $188 | $230 | $484 | $302 | $325 |
Average net assets for the period (in thousands) | $198 | $459 | $366 | $307 | $406 |
Ratio of gross expenses to average net assets | 2.95% | 1.76% | 1.45% | 1.46% | 1.43% |
Ratio of net expenses to average net assets | 1.63% | 1.56% | 1.45% | 1.46% | 1.43% |
Ratio of net investment income/(loss) to average net assets | 0.37% | 0.01% | 0.35% | 0.21% | — (4) |
Portfolio turnover rate | 30% | 41% | 42% | 58% | 62% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | Less than $0.005 on a per share basis. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
(4) | Less than 0.005%. |
206 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $17.57 | $16.08 | $12.91 | $12.34 | $13.21 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.16 | 0.12 | 0.12 | 0.09 | 0.09 |
Net gain/(loss) on investments (both realized and unrealized) | (0.57) | 1.51 | 3.19 | 0.61 | (0.87) |
Total from investment operations | (0.41) | 1.63 | 3.31 | 0.70 | (0.78) |
Less distributions: | |||||
Dividends from net investment income | (0.07) | (0.14) | (0.14) | (0.13) | (0.09) |
Distributions from capital gains | (2.13) | — | — | — | — |
Total distributions | (2.20) | (0.14) | (0.14) | (0.13) | (0.09) |
Net asset value, end of period | $14.96 | $17.57 | $16.08 | $12.91 | $12.34 |
Total return(2) | (0.54)% | 10.17% | 25.89% | 5.70% | (5.95)% |
Net assets, end of period (in thousands) | $484,175 | $533,974 | $518,679 | $458,233 | $486,552 |
Average net assets for the period (in thousands) | $481,731 | $539,796 | $478,930 | $466,452 | $561,476 |
Ratio of gross expenses to average net assets | 0.93% | 0.92% | 0.93% | 0.94% | 0.92% |
Ratio of net expenses to average net assets | 0.92% | 0.91% | 0.92% | 0.93% | 0.91% |
Ratio of net investment income/(loss) to average net assets | 1.08% | 0.68% | 0.81% | 0.73% | 0.64% |
Portfolio turnover rate | 30% | 41% | 42% | 58% | 62% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
207 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $36.33 | $29.11 | $24.11 | $20.80 | $24.21 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | (0.05) | (0.05) | (0.05) | (0.04) | — (2) |
Net gain/(loss) on investments (both realized and unrealized) | 2.33 | 8.45 | 7.29 | 5.03 | 0.44 |
Total from investment operations | 2.28 | 8.40 | 7.24 | 4.99 | 0.44 |
Less distributions: | |||||
Dividends from net investment income | — (2) | — (2) | — | (0.04) | — |
Distributions from capital gains | (1.89) | (1.18) | (2.24) | (1.64) | (3.85) |
Total distributions | (1.89) | (1.18) | (2.24) | (1.68) | (3.85) |
Net asset value, end of period | $36.72 | $36.33 | $29.11 | $24.11 | $20.80 |
Total return(3) | 7.70% | 29.63% | 31.84% | 25.20% | 1.63% |
Net assets, end of period (in thousands) | $172,237 | $136,689 | $107,783 | $12,832 | $9,423 |
Average net assets for the period (in thousands) | $151,979 | $125,207 | $44,671 | $11,091 | $10,126 |
Ratio of gross expenses to average net assets | 1.01% | 1.00% | 1.03% | 1.08% | 1.08% |
Ratio of net expenses to average net assets | 1.01% | 1.00% | 1.03% | 1.08% | 1.08% |
Ratio of net investment income/(loss) to average net assets | (0.14)% | (0.16)% | (0.18)% | (0.20)% | 0.01% |
Portfolio turnover rate | 36% | 20% | 30% | 42% | 39% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | Less than $0.005 on a per share basis. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
208 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $33.31 | $26.96 | $22.63 | $19.70 | $23.26 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | (0.26) | (0.27) | (0.23) | (0.18) | (0.14) |
Net gain/(loss) on investments (both realized and unrealized) | 2.08 | 7.80 | 6.80 | 4.75 | 0.43 |
Total from investment operations | 1.82 | 7.53 | 6.57 | 4.57 | 0.29 |
Less distributions: | |||||
Dividends from net investment income | — | — | — | — | — |
Distributions from capital gains | (1.89) | (1.18) | (2.24) | (1.64) | (3.85) |
Total distributions | (1.89) | (1.18) | (2.24) | (1.64) | (3.85) |
Net asset value, end of period | $33.24 | $33.31 | $26.96 | $22.63 | $19.70 |
Total return(2) | 6.97% | 28.73% | 30.91% | 24.39% | 0.97% |
Net assets, end of period (in thousands) | $64,636 | $89,817 | $70,002 | $5,992 | $4,702 |
Average net assets for the period (in thousands) | $66,888 | $79,328 | $27,163 | $5,295 | $4,137 |
Ratio of gross expenses to average net assets | 1.70% | 1.72% | 1.77% | 1.75% | 1.72% |
Ratio of net expenses to average net assets | 1.70% | 1.72% | 1.77% | 1.75% | 1.72% |
Ratio of net investment income/(loss) to average net assets | (0.85)% | (0.88)% | (0.91)% | (0.87)% | (0.64)% |
Portfolio turnover rate | 36% | 20% | 30% | 42% | 39% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
209 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $35.79 | $28.75 | $23.87 | $20.62 | $24.04 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | (0.12) | (0.12) | (0.08) | (0.07) | (0.02) |
Net gain/(loss) on investments (both realized and unrealized) | 2.29 | 8.34 | 7.20 | 4.99 | 0.45 |
Total from investment operations | 2.17 | 8.22 | 7.12 | 4.92 | 0.43 |
Less distributions: | |||||
Dividends from net investment income | — | — | — | (0.03) | — |
Distributions from capital gains | (1.89) | (1.18) | (2.24) | (1.64) | (3.85) |
Total distributions | (1.89) | (1.18) | (2.24) | (1.67) | (3.85) |
Net asset value, end of period | $36.07 | $35.79 | $28.75 | $23.87 | $20.62 |
Total return(2) | 7.49% | 29.36% | 31.65% | 25.07% | 1.59% |
Net assets, end of period (in thousands) | $9,084 | $6,628 | $4,951 | $5,935 | $3,202 |
Average net assets for the period (in thousands) | $7,654 | $6,405 | $6,495 | $4,320 | $2,982 |
Ratio of gross expenses to average net assets | 1.22% | 1.20% | 1.18% | 1.21% | 1.20% |
Ratio of net expenses to average net assets | 1.22% | 1.19% | 1.18% | 1.21% | 1.20% |
Ratio of net investment income/(loss) to average net assets | (0.35)% | (0.36)% | (0.32)% | (0.34)% | (0.11)% |
Portfolio turnover rate | 36% | 20% | 30% | 42% | 39% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
210 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $37.45 | $29.91 | $24.65 | $21.23 | $24.62 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.04 | 0.04 | 0.03 | 0.02 | 0.07 |
Net gain/(loss) on investments (both realized and unrealized) | 2.41 | 8.69 | 7.47 | 5.15 | 0.44 |
Total from investment operations | 2.45 | 8.73 | 7.50 | 5.17 | 0.51 |
Less distributions: | |||||
Dividends from net investment income | (0.07) | (0.01) | — | (0.11) | (0.05) |
Distributions from capital gains | (1.89) | (1.18) | (2.24) | (1.64) | (3.85) |
Total distributions | (1.96) | (1.19) | (2.24) | (1.75) | (3.90) |
Net asset value, end of period | $37.94 | $37.45 | $29.91 | $24.65 | $21.23 |
Total return(2) | 7.97% | 29.97% | 32.21% | 25.58% | 1.92% |
Net assets, end of period (in thousands) | $418,834 | $353,236 | $176,639 | $41,814 | $21,748 |
Average net assets for the period (in thousands) | $356,404 | $248,537 | $85,627 | $28,300 | $19,837 |
Ratio of gross expenses to average net assets | 0.76% | 0.75% | 0.75% | 0.80% | 0.79% |
Ratio of net expenses to average net assets | 0.76% | 0.75% | 0.75% | 0.80% | 0.79% |
Ratio of net investment income/(loss) to average net assets | 0.11% | 0.10% | 0.10% | 0.08% | 0.30% |
Portfolio turnover rate | 36% | 20% | 30% | 42% | 39% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
211 | Janus Investment Fund |
Years
or Period ended September 30 | |||
2019 | 2018 | 2017 (1) | |
Net asset value, beginning of period | $37.05 | $29.59 | $24.62 |
Income from investment operations: | |||
Net investment income/(loss)(2) | 0.07 | 0.06 | 0.05 |
Net gain/(loss) on investments (both realized and unrealized) | 2.37 | 8.60 | 6.04 |
Total from investment operations | 2.44 | 8.66 | 6.09 |
Less distributions: | |||
Dividends from net investment income | (0.08) | (0.02) | — |
Distributions from capital gains | (1.89) | (1.18) | (1.12) |
Total distributions | (1.97) | (1.20) | (1.12) |
Net asset value, end of period | $37.52 | $37.05 | $29.59 |
Total return(3) | 8.06% | 30.04% | 25.10% |
Net assets, end of period (in thousands) | $41,043 | $20,522 | $6,091 |
Average net assets for the period (in thousands) | $28,002 | $11,360 | $3,349 |
Ratio of gross expenses to average net assets(4) | 0.69% | 0.69% | 0.69% |
Ratio of net expenses to average net assets(4) | 0.69% | 0.69% | 0.69% |
Ratio of net investment income/(loss) to average net assets(4) | 0.19% | 0.17% | 0.28% |
Portfolio turnover rate | 36% | 20% | 30% |
(1) | Period January 27, 2017 (commencement of Class N Shares) through September 30, 2017. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Annualized for periods of less than one full year. |
212 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $36.91 | $29.54 | $24.41 | $21.04 | $24.41 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | (0.02) | (0.03) | (0.02) | (0.01) | 0.04 |
Net gain/(loss) on investments (both realized and unrealized) | 2.39 | 8.58 | 7.39 | 5.09 | 0.46 |
Total from investment operations | 2.37 | 8.55 | 7.37 | 5.08 | 0.50 |
Less distributions: | |||||
Dividends from net investment income | (0.02) | — | — | (0.07) | (0.02) |
Distributions from capital gains | (1.89) | (1.18) | (2.24) | (1.64) | (3.85) |
Total distributions | (1.91) | (1.18) | (2.24) | (1.71) | (3.87) |
Net asset value, end of period | $37.37 | $36.91 | $29.54 | $24.41 | $21.04 |
Total return(2) | 7.82% | 29.70% | 31.99% | 25.37% | 1.87% |
Net assets, end of period (in thousands) | $936,931 | $961,794 | $601,485 | $394,705 | $314,403 |
Average net assets for the period (in thousands) | $869,267 | $812,197 | $477,426 | $339,697 | $335,533 |
Ratio of gross expenses to average net assets | 0.93% | 0.92% | 0.93% | 0.95% | 0.95% |
Ratio of net expenses to average net assets | 0.92% | 0.92% | 0.93% | 0.94% | 0.93% |
Ratio of net investment income/(loss) to average net assets | (0.06)% | (0.08)% | (0.09)% | (0.06)% | 0.16% |
Portfolio turnover rate | 36% | 20% | 30% | 42% | 39% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
213 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $15.22 | $14.82 | $13.26 | $13.14 | $14.64 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.30 | 0.26 | 0.21 | 0.24 | 0.24 |
Net gain/(loss) on investments (both realized and unrealized) | (0.10) | 0.48 | 1.60 | 0.52 | (0.91) |
Total from investment operations | 0.20 | 0.74 | 1.81 | 0.76 | (0.67) |
Less distributions: | |||||
Dividends from net investment income | (0.27) | (0.27) | (0.25) | (0.26) | (0.26) |
Distributions from capital gains | (0.91) | (0.07) | — | (0.38) | (0.57) |
Total distributions | (1.18) | (0.34) | (0.25) | (0.64) | (0.83) |
Net asset value, end of period | $14.24 | $15.22 | $14.82 | $13.26 | $13.14 |
Total return(2) | 2.13% | 5.01% | 13.91% | 5.97% | (4.88)% |
Net assets, end of period (in thousands) | $4,685 | $3,261 | $4,258 | $16,995 | $22,053 |
Average net assets for the period (in thousands) | $4,309 | $3,699 | $10,024 | $19,829 | $25,042 |
Ratio of gross expenses to average net assets | 1.01% | 0.98% | 0.94% | 0.96% | 0.96% |
Ratio of net expenses to average net assets | 1.01% | 0.98% | 0.94% | 0.96% | 0.96% |
Ratio of net investment income/(loss) to average net assets | 2.12% | 1.76% | 1.56% | 1.82% | 1.67% |
Portfolio turnover rate | 22% | 21% | 29% | 20% | 25% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
214 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $14.82 | $14.47 | $12.94 | $12.82 | $14.33 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.18 | 0.15 | 0.13 | 0.14 | 0.13 |
Net gain/(loss) on investments (both realized and unrealized) | (0.08) | 0.46 | 1.54 | 0.51 | (0.88) |
Total from investment operations | 0.10 | 0.61 | 1.67 | 0.65 | (0.75) |
Less distributions: | |||||
Dividends from net investment income | (0.13) | (0.19) | (0.14) | (0.15) | (0.19) |
Distributions from capital gains | (0.91) | (0.07) | — | (0.38) | (0.57) |
Total distributions | (1.04) | (0.26) | (0.14) | (0.53) | (0.76) |
Net asset value, end of period | $13.88 | $14.82 | $14.47 | $12.94 | $12.82 |
Total return(2) | 1.38% | 4.22% | 13.06% | 5.21% | (5.52)% |
Net assets, end of period (in thousands) | $3,962 | $5,355 | $6,907 | $9,696 | $12,226 |
Average net assets for the period (in thousands) | $4,772 | $6,255 | $8,103 | $11,051 | $12,989 |
Ratio of gross expenses to average net assets | 1.75% | 1.73% | 1.70% | 1.69% | 1.68% |
Ratio of net expenses to average net assets | 1.75% | 1.73% | 1.70% | 1.69% | 1.68% |
Ratio of net investment income/(loss) to average net assets | 1.31% | 1.02% | 0.94% | 1.07% | 0.96% |
Portfolio turnover rate | 22% | 21% | 29% | 20% | 25% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
215 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $15.25 | $15.11 | $13.45 | $13.31 | $14.81 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | (0.05) | (0.06) | 0.22 | 0.22 | 0.20 |
Net gain/(loss) on investments (both realized and unrealized) | (0.10) | 0.57 | 1.61 | 0.53 | (0.89) |
Total from investment operations | (0.15) | 0.51 | 1.83 | 0.75 | (0.69) |
Less distributions: | |||||
Dividends from net investment income | (0.18) | (0.30) | (0.17) | (0.23) | (0.24) |
Distributions from capital gains | (0.91) | (0.07) | — | (0.38) | (0.57) |
Total distributions | (1.09) | (0.37) | (0.17) | (0.61) | (0.81) |
Net asset value, end of period | $14.01 | $15.25 | $15.11 | $13.45 | $13.31 |
Total return(2) | (0.32)% | 3.37% | 13.76% | 5.79% | (4.99)% |
Net assets, end of period (in thousands) | $134 | $131 | $52 | $75 | $167 |
Average net assets for the period (in thousands) | $128 | $83 | $46 | $130 | $236 |
Ratio of gross expenses to average net assets | 3.44% | 2.94% | 1.13% | 1.13% | 1.13% |
Ratio of net expenses to average net assets | 3.42% | 2.90% | 1.11% | 1.11% | 1.12% |
Ratio of net investment income/(loss) to average net assets | (0.34)% | (0.37)% | 1.53% | 1.60% | 1.40% |
Portfolio turnover rate | 22% | 21% | 29% | 20% | 25% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
216 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $15.08 | $14.72 | $13.19 | $13.07 | $14.57 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.32 | 0.30 | 0.28 | 0.27 | 0.26 |
Net gain/(loss) on investments (both realized and unrealized) | (0.10) | 0.48 | 1.55 | 0.52 | (0.88) |
Total from investment operations | 0.22 | 0.78 | 1.83 | 0.79 | (0.62) |
Less distributions: | |||||
Dividends from net investment income | (0.29) | (0.35) | (0.30) | (0.29) | (0.31) |
Distributions from capital gains | (0.91) | (0.07) | — | (0.38) | (0.57) |
Total distributions | (1.20) | (0.42) | (0.30) | (0.67) | (0.88) |
Net asset value, end of period | $14.10 | $15.08 | $14.72 | $13.19 | $13.07 |
Total return(2) | 2.33% | 5.30% | 14.14% | 6.26% | (4.60)% |
Net assets, end of period (in thousands) | $68,368 | $80,054 | $120,781 | $34,957 | $52,685 |
Average net assets for the period (in thousands) | $72,406 | $99,630 | $81,508 | $42,695 | $65,410 |
Ratio of gross expenses to average net assets | 1.02% | 0.96% | 0.84% | 0.69% | 0.74% |
Ratio of net expenses to average net assets | 0.78% | 0.77% | 0.78% | 0.69% | 0.74% |
Ratio of net investment income/(loss) to average net assets | 2.28% | 1.99% | 2.05% | 2.10% | 1.87% |
Portfolio turnover rate | 22% | 21% | 29% | 20% | 25% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
217 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $15.01 | $14.67 | $13.14 | $13.03 | $14.52 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.32 | 0.31 | 0.28 | 0.28 | 0.28 |
Net gain/(loss) on investments (both realized and unrealized) | (0.10) | 0.47 | 1.56 | 0.52 | (0.89) |
Total from investment operations | 0.22 | 0.78 | 1.84 | 0.80 | (0.61) |
Less distributions: | |||||
Dividends from net investment income | (0.31) | (0.37) | (0.31) | (0.31) | (0.31) |
Distributions from capital gains | (0.91) | (0.07) | — | (0.38) | (0.57) |
Total distributions | (1.22) | (0.44) | (0.31) | (0.69) | (0.88) |
Net asset value, end of period | $14.01 | $15.01 | $14.67 | $13.14 | $13.03 |
Total return(2) | 2.38% | 5.36% | 14.28% | 6.36% | (4.52)% |
Net assets, end of period (in thousands) | $2,755 | $2,796 | $2,695 | $2,687 | $2,755 |
Average net assets for the period (in thousands) | $2,626 | $2,780 | $2,738 | $2,792 | $3,297 |
Ratio of gross expenses to average net assets | 0.74% | 0.67% | 0.61% | 0.62% | 0.63% |
Ratio of net expenses to average net assets | 0.74% | 0.67% | 0.61% | 0.62% | 0.63% |
Ratio of net investment income/(loss) to average net assets | 2.34% | 2.07% | 2.05% | 2.17% | 1.98% |
Portfolio turnover rate | 22% | 21% | 29% | 20% | 25% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
218 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $15.31 | $14.94 | $13.37 | $13.24 | $14.74 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.31 | 0.28 | 0.25 | 0.25 | 0.25 |
Net gain/(loss) on investments (both realized and unrealized) | (0.10) | 0.49 | 1.59 | 0.53 | (0.90) |
Total from investment operations | 0.21 | 0.77 | 1.84 | 0.78 | (0.65) |
Less distributions: | |||||
Dividends from net investment income | (0.27) | (0.33) | (0.27) | (0.27) | (0.28) |
Distributions from capital gains | (0.91) | (0.07) | — | (0.38) | (0.57) |
Total distributions | (1.18) | (0.40) | (0.27) | (0.65) | (0.85) |
Net asset value, end of period | $14.34 | $15.31 | $14.94 | $13.37 | $13.24 |
Total return(2) | 2.23% | 5.19% | 14.02% | 6.12% | (4.75)% |
Net assets, end of period (in thousands) | $35,971 | $39,528 | $47,811 | $61,093 | $62,826 |
Average net assets for the period (in thousands) | $35,898 | $44,703 | $51,939 | $62,896 | $72,216 |
Ratio of gross expenses to average net assets | 0.88% | 0.87% | 0.86% | 0.87% | 0.89% |
Ratio of net expenses to average net assets | 0.87% | 0.86% | 0.85% | 0.87% | 0.88% |
Ratio of net investment income/(loss) to average net assets | 2.19% | 1.88% | 1.78% | 1.91% | 1.75% |
Portfolio turnover rate | 22% | 21% | 29% | 20% | 25% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
219 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $29.10 | $29.50 | $29.08 | $26.05 | $28.44 | $26.99 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.23 | 0.28 | 0.11 | 0.17 | 0.25 | 0.28 |
Net gain/(loss) on investments (both realized and unrealized) | (1.64) | (0.39) | 0.31 | 3.25 | (2.28) | 1.41 |
Total from investment operations | (1.41) | (0.11) | 0.42 | 3.42 | (2.03) | 1.69 |
Less distributions: | ||||||
Dividends from net investment income | (0.44) | (0.29) | — | (0.39) | (0.36) | (0.24) |
Distributions from capital gains | (3.17) | — | — | — | — | — |
Total distributions | (3.61) | (0.29) | — | (0.39) | (0.36) | (0.24) |
Net asset value, end of period | $24.08 | $29.10 | $29.50 | $29.08 | $26.05 | $28.44 |
Total return(3) | (3.07)% (4) | (0.40)% | 1.44% | 13.36% | (7.18)% | 6.33% |
Net assets, end of period (in thousands) | $357,079 | $485,243 | $623,172 | $637,250 | $784,966 | $1,623,379 |
Average net assets for the period (in thousands) | $419,053 | $577,151 | $625,740 | $682,656 | $1,339,821 | $1,640,689 |
Ratio of gross expenses to average net assets(5) | 1.45% | 1.29% | 1.33% | 1.31% | 1.35% | 1.36% |
Ratio of net expenses to average net assets(5) | 1.32% | 1.29% | 1.33% | 1.31% | 1.35% | 1.36% |
Ratio of net investment income/(loss) to average net assets(5) | 0.96% | 0.94% | 2.18% | 0.63% | 0.99% | 1.03% |
Portfolio turnover rate | 45% | 56% | 5% | 51% | 45% | 71% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Total return without the effect of affiliated payments would have been (3.11)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(5) | Annualized for periods of less than one full year. |
220 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $27.13 | $27.46 | $27.11 | $24.31 | $26.60 | $25.31 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.02 | 0.06 | 0.06 | (0.03) | 0.12 | 0.09 |
Net gain/(loss) on investments (both realized and unrealized) | (1.45) | (0.36) | 0.29 | 3.04 | (2.21) | 1.29 |
Total from investment operations | (1.43) | (0.30) | 0.35 | 3.01 | (2.09) | 1.38 |
Less distributions: | ||||||
Dividends from net investment income | — | (0.03) | — | (0.21) | (0.20) | (0.09) |
Distributions from capital gains | (3.17) | — | — | — | — | — |
Total distributions | (3.17) | (0.03) | — | (0.21) | (0.20) | (0.09) |
Net asset value, end of period | $22.53 | $27.13 | $27.46 | $27.11 | $24.31 | $26.60 |
Total return(3) | (3.64)% (4) | (1.09)% | 1.29% | 12.50% | (7.88)% | 5.47% |
Net assets, end of period (in thousands) | $106,863 | $336,880 | $432,601 | $437,418 | $504,192 | $552,630 |
Average net assets for the period (in thousands) | $161,985 | $397,796 | $430,739 | $457,115 | $513,230 | $507,862 |
Ratio of gross expenses to average net assets(5) | 2.09% | 2.00% | 2.16% | 2.09% | 2.11% | 2.13% |
Ratio of net expenses to average net assets(5) | 1.97% | 2.00% | 2.16% | 2.09% | 2.11% | 2.13% |
Ratio of net investment income/(loss) to average net assets(5) | 0.10% | 0.22% | 1.36% | (0.13)% | 0.50% | 0.33% |
Portfolio turnover rate | 45% | 56% | 5% | 51% | 45% | 71% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Total return without the effect of affiliated payments would have been (3.68)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(5) | Annualized for periods of less than one full year. |
221 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $29.00 | $29.48 | $29.06 | $28.47 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.23 | 0.44 | 0.11 | 0.02 |
Net gain/(loss) on investments (both realized and unrealized) | (1.72) | (0.53) | 0.31 | 0.57 |
Total from investment operations | (1.49) | (0.09) | 0.42 | 0.59 |
Less distributions: | ||||
Dividends from net investment income | (0.54) | (0.39) | — | — |
Distributions from capital gains | (3.17) | — | — | — |
Total distributions | (3.71) | (0.39) | — | — |
Net asset value, end of period | $23.80 | $29.00 | $29.48 | $29.06 |
Total return(4) | (3.32)% (5) | (0.36)% | 1.45% | 2.07% |
Net assets, end of period (in thousands) | $110 | $2,674 | $52 | $51 |
Average net assets for the period (in thousands) | $1,736 | $591 | $51 | $50 |
Ratio of gross expenses to average net assets(6) | 1.76% | 1.75% | 1.44% | 1.42% |
Ratio of net expenses to average net assets(6) | 1.46% | 1.43% | 1.26% | 1.42% |
Ratio of net investment income/(loss) to average net assets(6) | 0.97% | 1.57% | 2.25% | 0.38% |
Portfolio turnover rate | 45% | 56% | 5% | 51% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class S Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Total return without the effect of affiliated payments would have been (3.36)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(6) | Annualized for periods of less than one full year. |
222 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $29.06 | $29.47 | $29.04 | $26.06 | $28.45 | $27.04 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.24 | 0.38 | 0.12 | 0.25 | 0.42 | 0.40 |
Net gain/(loss) on investments (both realized and unrealized) | (1.58) | (0.39) | 0.31 | 3.21 | (2.36) | 1.36 |
Total from investment operations | (1.34) | (0.01) | 0.43 | 3.46 | (1.94) | 1.76 |
Less distributions: | ||||||
Dividends from net investment income | (0.52) | (0.40) | — | (0.48) | (0.45) | (0.35) |
Distributions from capital gains | (3.17) | — | — | — | — | — |
Total distributions | (3.69) | (0.40) | — | (0.48) | (0.45) | (0.35) |
Net asset value, end of period | $24.03 | $29.06 | $29.47 | $29.04 | $26.06 | $28.45 |
Total return(3) | (2.75)% (4) | (0.07)% | 1.48% | 13.58% | (6.87)% | 6.60% |
Net assets, end of period (in thousands) | $1,050,061 | $3,021,157 | $3,721,310 | $3,642,386 | $2,966,703 | $2,333,559 |
Average net assets for the period (in thousands) | $1,621,134 | $3,542,904 | $3,644,165 | $2,966,203 | $2,631,335 | $1,879,501 |
Ratio of gross expenses to average net assets(5) | 1.12% | 0.99% | 1.00% | 1.05% | 1.06% | 1.10% |
Ratio of net expenses to average net assets(5) | 1.01% | 0.99% | 1.00% | 1.05% | 1.06% | 1.10% |
Ratio of net investment income/(loss) to average net assets(5) | 0.99% | 1.27% | 2.51% | 0.94% | 1.65% | 1.46% |
Portfolio turnover rate | 45% | 56% | 5% | 51% | 45% | 71% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Total return without the effect of affiliated payments would have been (2.79)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(5) | Annualized for periods of less than one full year. |
223 | Janus Investment Fund |
Years
or Period ended September 30 |
Year or Period ended July 31 | ||||
2019 | 2018 | 2017 (1) | 2017 | 2016 (2) | |
Net asset value, beginning of period | $29.08 | $29.47 | $29.03 | $26.05 | $27.18 |
Income from investment operations: | |||||
Net investment income/(loss)(3) | 0.48 | 0.41 | 0.12 | 0.42 | 0.33 |
Net gain/(loss) on investments (both realized and unrealized) | (1.85) | (0.38) | 0.32 | 3.05 | (1.02) |
Total from investment operations | (1.37) | 0.03 | 0.44 | 3.47 | (0.69) |
Less distributions: | |||||
Dividends from net investment income | (0.55) | (0.42) | — | (0.49) | (0.44) |
Distributions from capital gains | (3.17) | — | — | — | — |
Total distributions | (3.72) | (0.42) | — | (0.49) | (0.44) |
Net asset value, end of period | $23.99 | $29.08 | $29.47 | $29.03 | $26.05 |
Total return(4) | (2.82)% (5) | 0.07% | 1.52% | 13.61% | (2.57)% |
Net assets, end of period (in thousands) | $280,749 | $43,305 | $10,530 | $10,041 | $714 |
Average net assets for the period (in thousands) | $128,934 | $12,868 | $10,134 | $2,895 | $681 |
Ratio of gross expenses to average net assets(6) | 1.07% | 0.96% | 0.93% | 0.98% | 1.08% |
Ratio of net expenses to average net assets(6) | 0.91% | 0.94% | 0.93% | 0.97% | 1.08% |
Ratio of net investment income/(loss) to average net assets(6) | 2.02% | 1.41% | 2.57% | 1.55% | 1.96% |
Portfolio turnover rate | 45% | 56% | 5% | 51% | 45% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period from November 30, 2015 (commencement of Class N Shares (formerly named Class R6 Shares)) through July 31, 2016. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Total return without the effect of affiliated payments would have been (2.86)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(6) | Annualized for periods of less than one full year. |
224 | Janus Investment Fund |
Years
or Period ended September 30 |
Years ended July 31 | |||||
2019 | 2018 | 2017 (1) | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $28.42 | $28.81 | $28.41 | $25.55 | $27.97 | $26.59 |
Income from investment operations: | ||||||
Net investment income/(loss)(2) | 0.15 | 0.16 | 0.09 | 0.08 | 0.28 | 0.24 |
Net gain/(loss) on investments (both realized and unrealized) | (1.59) | (0.36) | 0.31 | 3.16 | (2.35) | 1.35 |
Total from investment operations | (1.44) | (0.20) | 0.40 | 3.24 | (2.07) | 1.59 |
Less distributions: | ||||||
Dividends from net investment income | (0.30) | (0.19) | — | (0.38) | (0.35) | (0.21) |
Distributions from capital gains | (3.17) | — | — | — | — | — |
Total distributions | (3.47) | (0.19) | — | (0.38) | (0.35) | (0.21) |
Net asset value, end of period | $23.51 | $28.42 | $28.81 | $28.41 | $25.55 | $27.97 |
Total return(3) | (3.35)% (4) | (0.71)% | 1.41% | 12.89% | (7.45)% | 6.05% |
Net assets, end of period (in thousands) | $9,168 | $16,214 | $23,122 | $23,071 | $20,056 | $14,173 |
Average net assets for the period (in thousands) | $11,867 | $19,820 | $22,887 | $21,398 | $16,793 | $11,221 |
Ratio of gross expenses to average net assets(5) | 1.81% | 1.66% | 1.60% | 1.72% | 1.67% | 1.63% |
Ratio of net expenses to average net assets(5) | 1.62% | 1.62% | 1.56% | 1.71% | 1.67% | 1.63% |
Ratio of net investment income/(loss) to average net assets(5) | 0.63% | 0.54% | 1.96% | 0.29% | 1.12% | 0.89% |
Portfolio turnover rate | 45% | 56% | 5% | 51% | 45% | 71% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Per share amounts are calculated using the average shares outstanding method. |
(3) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(4) | Total return without the effect of affiliated payments would have been (3.39)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(5) | Annualized for periods of less than one full year. |
225 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $29.02 | $29.50 | $29.07 | $28.47 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.57 | 0.30 | 0.11 | (0.03) |
Net gain/(loss) on investments (both realized and unrealized) | (1.95) | (0.37) | 0.32 | 0.63 |
Total from investment operations | (1.38) | (0.07) | 0.43 | 0.60 |
Less distributions: | ||||
Dividends from net investment income | (0.47) | (0.41) | — | — |
Distributions from capital gains | (3.17) | — | — | — |
Total distributions | (3.64) | (0.41) | — | — |
Net asset value, end of period | $24.00 | $29.02 | $29.50 | $29.07 |
Total return(4) | (2.92)% (5) | (0.26)% | 1.48% | 2.11% |
Net assets, end of period (in thousands) | $32,333 | $8,614 | $10,291 | $9,475 |
Average net assets for the period (in thousands) | $37,969 | $9,802 | $9,755 | $2,712 |
Ratio of gross expenses to average net assets(6) | 1.48% | 1.19% | 1.18% | 1.21% |
Ratio of net expenses to average net assets(6) | 1.33% | 1.17% | 1.18% | 1.19% |
Ratio of net investment income/(loss) to average net assets(6) | 2.38% | 1.01% | 2.32% | (0.68)% |
Portfolio turnover rate | 45% | 56% | 5% | 51% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class T Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Total return without the effect of affiliated payments would have been (2.96)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(6) | Annualized for periods of less than one full year. |
226 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $12.31 | $13.26 | $12.73 | $12.15 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.22 | 0.23 | 0.03 | 0.01 |
Net gain/(loss) on investments (both realized and unrealized) | (1.82) | (0.38) | 0.50 | 0.57 |
Total from investment operations | (1.60) | (0.15) | 0.53 | 0.58 |
Less distributions: | ||||
Dividends from net investment income | (0.27) | (0.11) | — | — |
Distributions from capital gains | (0.11) | (0.69) | — | — |
Total distributions | (0.38) | (0.80) | — | — |
Net asset value, end of period | $10.33 | $12.31 | $13.26 | $12.73 |
Total return(4) | (12.64)% | (1.47)% | 4.16% | 4.77% |
Net assets, end of period (in thousands) | $58 | $66 | $55 | $52 |
Average net assets for the period (in thousands) | $77 | $65 | $53 | $50 |
Ratio of gross expenses to average net assets(5) | 7.51% | 5.67% | 2.96% | 3.35% |
Ratio of net expenses to average net assets(5) | 1.25% | 1.34% | 1.37% | 1.32% |
Ratio of net investment income/(loss) to average net assets(5) | 2.13% | 1.74% | 1.32% | 0.46% |
Portfolio turnover rate | 72% | 119% | 18% | 69% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class A Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
227 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $12.23 | $13.22 | $12.71 | $12.15 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.18 | 0.14 | 0.01 | (0.01) |
Net gain/(loss) on investments (both realized and unrealized) | (1.79) | (0.36) | 0.50 | 0.57 |
Total from investment operations | (1.61) | (0.22) | 0.51 | 0.56 |
Less distributions: | ||||
Dividends from net investment income | (0.17) | (0.08) | — | — |
Distributions from capital gains | (0.11) | (0.69) | — | — |
Total distributions | (0.28) | (0.77) | — | — |
Net asset value, end of period | $10.34 | $12.23 | $13.22 | $12.71 |
Total return(4) | (12.87)% | (2.04)% | 4.01% | 4.61% |
Net assets, end of period (in thousands) | $48 | $61 | $57 | $52 |
Average net assets for the period (in thousands) | $49 | $65 | $54 | $50 |
Ratio of gross expenses to average net assets(5) | 9.92% | 6.30% | 3.73% | 4.11% |
Ratio of net expenses to average net assets(5) | 1.53% | 1.99% | 2.13% | 2.09% |
Ratio of net investment income/(loss) to average net assets(5) | 1.70% | 1.04% | 0.59% | (0.31)% |
Portfolio turnover rate | 72% | 119% | 18% | 69% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class C Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
228 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $12.30 | $13.25 | $12.73 | $12.15 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.21 | 0.20 | 0.03 | — (4) |
Net gain/(loss) on investments (both realized and unrealized) | (1.81) | (0.36) | 0.49 | 0.58 |
Total from investment operations | (1.60) | (0.16) | 0.52 | 0.58 |
Less distributions: | ||||
Dividends from net investment income | (0.24) | (0.10) | — | — |
Distributions from capital gains | (0.11) | (0.69) | — | — |
Total distributions | (0.35) | (0.79) | — | — |
Net asset value, end of period | $10.35 | $12.30 | $13.25 | $12.73 |
Total return(5) | (12.64)% | (1.53)% | 4.08% | 4.77% |
Net assets, end of period (in thousands) | $47 | $54 | $55 | $52 |
Average net assets for the period (in thousands) | $47 | $57 | $53 | $50 |
Ratio of gross expenses to average net assets(6) | 10.11% | 6.14% | 3.17% | 3.59% |
Ratio of net expenses to average net assets(6) | 1.22% | 1.43% | 1.41% | 1.57% |
Ratio of net investment income/(loss) to average net assets(6) | 2.06% | 1.51% | 1.27% | 0.21% |
Portfolio turnover rate | 72% | 119% | 18% | 69% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class S Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Less than $0.005 on a per share basis. |
(5) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(6) | Annualized for periods of less than one full year. |
229 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $12.34 | $13.27 | $12.73 | $12.15 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.23 | 0.25 | 0.03 | 0.01 |
Net gain/(loss) on investments (both realized and unrealized) | (1.82) | (0.37) | 0.51 | 0.57 |
Total from investment operations | (1.59) | (0.12) | 0.54 | 0.58 |
Less distributions: | ||||
Dividends from net investment income | (0.29) | (0.12) | — | — |
Distributions from capital gains | (0.11) | (0.69) | — | — |
Total distributions | (0.40) | (0.81) | — | — |
Net asset value, end of period | $10.35 | $12.34 | $13.27 | $12.73 |
Total return(4) | (12.52)% | (1.24)% | 4.24% | 4.77% |
Net assets, end of period (in thousands) | $47 | $59 | $55 | $54 |
Average net assets for the period (in thousands) | $51 | $59 | $54 | $51 |
Ratio of gross expenses to average net assets(5) | 9.21% | 5.65% | 2.72% | 3.08% |
Ratio of net expenses to average net assets(5) | 1.07% | 1.10% | 1.15% | 1.07% |
Ratio of net investment income/(loss) to average net assets(5) | 2.20% | 1.90% | 1.52% | 0.71% |
Portfolio turnover rate | 72% | 119% | 18% | 69% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class I Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
230 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $12.23 | $13.27 | $12.73 | $10.00 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.23 | 0.25 | 0.03 | 0.18 |
Net gain/(loss) on investments (both realized and unrealized) | (1.80) | (0.36) | 0.51 | 2.55 |
Total from investment operations | (1.57) | (0.11) | 0.54 | 2.73 |
Less distributions: | ||||
Dividends from net investment income | (0.29) | (0.24) | — | — |
Distributions from capital gains | (0.11) | (0.69) | — | — |
Total distributions | (0.40) | (0.93) | — | — |
Net asset value, end of period | $10.26 | $12.23 | $13.27 | $12.73 |
Total return(4) | (12.44)% | (1.22)% | 4.24% | 27.30% |
Net assets, end of period (in thousands) | $5,500 | $6,605 | $6,750 | $6,420 |
Average net assets for the period (in thousands) | $5,582 | $6,961 | $6,535 | $5,673 |
Ratio of gross expenses to average net assets(5) | 3.39% | 3.09% | 2.69% | 3.50% |
Ratio of net expenses to average net assets(5) | 1.02% | 1.07% | 1.10% | 1.19% |
Ratio of net investment income/(loss) to average net assets(5) | 2.25% | 1.89% | 1.59% | 2.56% |
Portfolio turnover rate | 72% | 119% | 18% | 69% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period December 15, 2016 (inception date (formerly Class R6 Shares)) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
231 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $12.35 | $13.26 | $12.73 | $12.15 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.17 | 0.31 | 0.03 | 0.01 |
Net gain/(loss) on investments (both realized and unrealized) | (1.77) | (0.45) | 0.50 | 0.57 |
Total from investment operations | (1.60) | (0.14) | 0.53 | 0.58 |
Less distributions: | ||||
Dividends from net investment income | (0.21) | (0.08) | — | — |
Distributions from capital gains | (0.11) | (0.69) | — | — |
Total distributions | (0.32) | (0.77) | — | — |
Net asset value, end of period | $10.43 | $12.35 | $13.26 | $12.73 |
Total return(4) | (12.68)% | (1.40)% | 4.16% | 4.77% |
Net assets, end of period (in thousands) | $91 | $632 | $105 | $57 |
Average net assets for the period (in thousands) | $183 | $535 | $80 | $51 |
Ratio of gross expenses to average net assets(5) | 4.76% | 3.73% | 3.10% | 3.34% |
Ratio of net expenses to average net assets(5) | 1.25% | 1.31% | 1.23% | 1.32% |
Ratio of net investment income/(loss) to average net assets(5) | 1.61% | 2.34% | 1.64% | 0.47% |
Portfolio turnover rate | 72% | 119% | 18% | 69% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class T Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
232 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.27 | $11.53 | $10.47 | $10.26 | $11.42 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.15 | 0.21 | 0.17 | 0.24 | 0.14 |
Net gain/(loss) on investments (both realized and unrealized) | (0.68) | (0.14) | 1.21 | 0.27 | (0.82) |
Total from investment operations | (0.53) | 0.07 | 1.38 | 0.51 | (0.68) |
Less distributions: | |||||
Dividends from net investment income | (0.30) | (0.20) | (0.22) | (0.23) | (0.20) |
Distributions from capital gains | (0.63) | (0.13) | (0.10) | (0.07) | (0.28) |
Total distributions | (0.93) | (0.33) | (0.32) | (0.30) | (0.48) |
Net asset value, end of period | $9.81 | $11.27 | $11.53 | $10.47 | $10.26 |
Total return(2) | (3.97)% | 0.56% | 13.72% | 5.17% | (6.05)% |
Net assets, end of period (in thousands) | $732 | $257 | $336 | $385 | $220 |
Average net assets for the period (in thousands) | $325 | $318 | $341 | $319 | $233 |
Ratio of gross expenses to average net assets | 2.38% | 2.02% | 2.07% | 2.40% | 2.28% |
Ratio of net expenses to average net assets | 1.11% | 1.19% | 1.23% | 1.25% | 1.27% |
Ratio of net investment income/(loss) to average net assets | 1.57% | 1.80% | 1.57% | 2.36% | 1.28% |
Portfolio turnover rate | 14% | 23% | 24% | 22% | 12% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
233 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.20 | $11.47 | $10.40 | $10.17 | $11.34 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.18 | 0.13 | 0.10 | 0.14 | 0.06 |
Net gain/(loss) on investments (both realized and unrealized) | (0.72) | (0.14) | 1.21 | 0.29 | (0.81) |
Total from investment operations | (0.54) | (0.01) | 1.31 | 0.43 | (0.75) |
Less distributions: | |||||
Dividends from net investment income | (0.21) | (0.13) | (0.14) | (0.13) | (0.14) |
Distributions from capital gains | (0.63) | (0.13) | (0.10) | (0.07) | (0.28) |
Total distributions | (0.84) | (0.26) | (0.24) | (0.20) | (0.42) |
Net asset value, end of period | $9.82 | $11.20 | $11.47 | $10.40 | $10.17 |
Total return(2) | (4.23)% | (0.15)% | 13.06% | 4.38% | (6.77)% |
Net assets, end of period (in thousands) | $127 | $316 | $361 | $268 | $253 |
Average net assets for the period (in thousands) | $194 | $356 | $294 | $263 | $251 |
Ratio of gross expenses to average net assets | 3.42% | 2.65% | 2.65% | 3.24% | 3.02% |
Ratio of net expenses to average net assets | 1.34% | 1.88% | 1.91% | 2.01% | 2.00% |
Ratio of net investment income/(loss) to average net assets | 1.83% | 1.10% | 0.99% | 1.43% | 0.54% |
Portfolio turnover rate | 14% | 23% | 24% | 22% | 12% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
234 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.29 | $11.55 | $10.48 | $10.27 | $11.44 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.21 | 0.20 | 0.17 | 0.21 | 0.14 |
Net gain/(loss) on investments (both realized and unrealized) | (0.73) | (0.13) | 1.21 | 0.29 | (0.82) |
Total from investment operations | (0.52) | 0.07 | 1.38 | 0.50 | (0.68) |
Less distributions: | |||||
Dividends from net investment income | (0.30) | (0.20) | (0.21) | (0.22) | (0.21) |
Distributions from capital gains | (0.63) | (0.13) | (0.10) | (0.07) | (0.28) |
Total distributions | (0.93) | (0.33) | (0.31) | (0.29) | (0.49) |
Net asset value, end of period | $9.84 | $11.29 | $11.55 | $10.48 | $10.27 |
Total return(2) | (3.92)% | 0.50% | 13.74% | 5.09% | (6.10)% |
Net assets, end of period (in thousands) | $109 | $276 | $273 | $231 | $219 |
Average net assets for the period (in thousands) | $148 | $278 | $242 | $222 | $231 |
Ratio of gross expenses to average net assets | 3.71% | 2.25% | 2.15% | 2.72% | 2.50% |
Ratio of net expenses to average net assets | 0.98% | 1.27% | 1.29% | 1.34% | 1.28% |
Ratio of net investment income/(loss) to average net assets | 2.11% | 1.71% | 1.64% | 2.06% | 1.27% |
Portfolio turnover rate | 14% | 23% | 24% | 22% | 12% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
235 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.25 | $11.51 | $10.45 | $10.24 | $11.41 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.26 | 0.19 | 0.21 | 0.23 | 0.16 |
Net gain/(loss) on investments (both realized and unrealized) | (0.79) | (0.09) | 1.19 | 0.31 | (0.82) |
Total from investment operations | (0.53) | 0.10 | 1.40 | 0.54 | (0.66) |
Less distributions: | |||||
Dividends from net investment income | (0.26) | (0.23) | (0.24) | (0.26) | (0.23) |
Distributions from capital gains | (0.63) | (0.13) | (0.10) | (0.07) | (0.28) |
Total distributions | (0.89) | (0.36) | (0.34) | (0.33) | (0.51) |
Net asset value, end of period | $9.83 | $11.25 | $11.51 | $10.45 | $10.24 |
Total return(2) | (4.03)% | 0.79% | 14.02% | 5.50% | (5.94)% |
Net assets, end of period (in thousands) | $5,439 | $2,557 | $8,040 | $6,576 | $6,236 |
Average net assets for the period (in thousands) | $3,572 | $5,259 | $7,270 | $6,217 | $6,755 |
Ratio of gross expenses to average net assets | 1.48% | 1.40% | 1.72% | 2.31% | 2.08% |
Ratio of net expenses to average net assets | 0.96% | 0.97% | 0.98% | 1.05% | 1.06% |
Ratio of net investment income/(loss) to average net assets | 2.62% | 1.64% | 1.99% | 2.31% | 1.46% |
Portfolio turnover rate | 14% | 23% | 24% | 22% | 12% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
236 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.29 | $11.54 | $10.46 | $10.26 | $11.42 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.25 | 0.24 | 0.29 | 0.24 | 0.17 |
Net gain/(loss) on investments (both realized and unrealized) | (0.77) | (0.13) | 1.14 | 0.29 | (0.82) |
Total from investment operations | (0.52) | 0.11 | 1.43 | 0.53 | (0.65) |
Less distributions: | |||||
Dividends from net investment income | (0.27) | (0.23) | (0.25) | (0.26) | (0.23) |
Distributions from capital gains | (0.63) | (0.13) | (0.10) | (0.07) | (0.28) |
Total distributions | (0.90) | (0.36) | (0.35) | (0.33) | (0.51) |
Net asset value, end of period | $9.87 | $11.29 | $11.54 | $10.46 | $10.26 |
Total return(2) | (3.92)% | 0.90% | 14.28% | 5.45% | (5.84)% |
Net assets, end of period (in thousands) | $29,394 | $36,821 | $40,245 | $1,588 | $1,508 |
Average net assets for the period (in thousands) | $31,892 | $38,439 | $21,621 | $1,508 | $1,505 |
Ratio of gross expenses to average net assets | 1.39% | 1.22% | 1.11% | 2.19% | 2.00% |
Ratio of net expenses to average net assets | 0.86% | 0.86% | 0.87% | 0.96% | 0.99% |
Ratio of net investment income/(loss) to average net assets | 2.56% | 2.12% | 2.70% | 2.39% | 1.57% |
Portfolio turnover rate | 14% | 23% | 24% | 22% | 12% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
237 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.24 | $11.50 | $10.45 | $10.24 | $11.41 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.26 | 0.21 | 0.19 | 0.22 | 0.15 |
Net gain/(loss) on investments (both realized and unrealized) | (0.80) | (0.12) | 1.19 | 0.29 | (0.82) |
Total from investment operations | (0.54) | 0.09 | 1.38 | 0.51 | (0.67) |
Less distributions: | |||||
Dividends from net investment income | (0.26) | (0.22) | (0.23) | (0.23) | (0.22) |
Distributions from capital gains | (0.63) | (0.13) | (0.10) | (0.07) | (0.28) |
Total distributions | (0.89) | (0.35) | (0.33) | (0.30) | (0.50) |
Net asset value, end of period | $9.81 | $11.24 | $11.50 | $10.45 | $10.24 |
Total return(2) | (4.16)% | 0.67% | 13.77% | 5.24% | (6.06)% |
Net assets, end of period (in thousands) | $771 | $1,055 | $1,119 | $664 | $867 |
Average net assets for the period (in thousands) | $1,019 | $1,211 | $864 | $809 | $870 |
Ratio of gross expenses to average net assets | 1.95% | 1.59% | 1.85% | 2.50% | 2.25% |
Ratio of net expenses to average net assets | 1.11% | 1.11% | 1.14% | 1.21% | 1.23% |
Ratio of net investment income/(loss) to average net assets | 2.58% | 1.86% | 1.79% | 2.13% | 1.34% |
Portfolio turnover rate | 14% | 23% | 24% | 22% | 12% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
238 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $32.42 | $32.21 | $26.77 | $27.19 | $35.21 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.53 | 0.37 | 0.38 | 0.24 | 0.15 |
Net gain/(loss) on investments (both realized and unrealized) | (1.77) | 0.34 | 5.27 | 0.47 | (8.08) |
Total from investment operations | (1.24) | 0.71 | 5.65 | 0.71 | (7.93) |
Less distributions: | |||||
Dividends from net investment income | (0.24) | (0.50) | (0.21) | (1.13) | (0.09) |
Total distributions | (0.24) | (0.50) | (0.21) | (1.13) | (0.09) |
Net asset value, end of period | $30.94 | $32.42 | $32.21 | $26.77 | $27.19 |
Total return(2) | (3.74)% | 2.18% | 21.32% | 2.52% | (22.55)% |
Net assets, end of period (in thousands) | $17,470 | $16,739 | $18,652 | $23,770 | $36,846 |
Average net assets for the period (in thousands) | $17,537 | $18,900 | $19,582 | $29,211 | $55,856 |
Ratio of gross expenses to average net assets | 1.11% | 1.01% | 0.97% | 0.92% | 0.86% |
Ratio of net expenses to average net assets | 1.10% | 0.99% | 0.91% | 0.87% | 0.86% |
Ratio of net investment income/(loss) to average net assets | 1.78% | 1.12% | 1.34% | 0.90% | 0.45% |
Portfolio turnover rate | 22% | 23% | 39% | 85% | 40% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
239 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $31.76 | $31.52 | $26.17 | $26.53 | $34.52 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.28 | 0.10 | 0.18 | 0.04 | (0.08) |
Net gain/(loss) on investments (both realized and unrealized) | (1.70) | 0.35 | 5.17 | 0.44 | (7.91) |
Total from investment operations | (1.42) | 0.45 | 5.35 | 0.48 | (7.99) |
Less distributions: | |||||
Dividends from net investment income | — | (0.21) | — | (0.84) | — |
Total distributions | — | (0.21) | — | (0.84) | — |
Net asset value, end of period | $30.34 | $31.76 | $31.52 | $26.17 | $26.53 |
Total return(2) | (4.47)% | 1.42% | 20.44% | 1.74% | (23.15)% |
Net assets, end of period (in thousands) | $3,693 | $10,244 | $15,088 | $18,960 | $28,670 |
Average net assets for the period (in thousands) | $5,809 | $13,589 | $16,539 | $22,970 | $40,278 |
Ratio of gross expenses to average net assets | 1.90% | 1.72% | 1.74% | 1.72% | 1.62% |
Ratio of net expenses to average net assets | 1.87% | 1.71% | 1.65% | 1.63% | 1.62% |
Ratio of net investment income/(loss) to average net assets | 0.95% | 0.31% | 0.65% | 0.17% | (0.27)% |
Portfolio turnover rate | 22% | 23% | 39% | 85% | 40% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
240 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $32.08 | $31.89 | $26.53 | $26.95 | $35.01 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.53 | 0.35 | 0.40 | 0.24 | 0.14 |
Net gain/(loss) on investments (both realized and unrealized) | (1.75) | 0.34 | 5.18 | 0.46 | (8.03) |
Total from investment operations | (1.22) | 0.69 | 5.58 | 0.70 | (7.89) |
Less distributions: | |||||
Dividends from net investment income | (0.19) | (0.50) | (0.22) | (1.12) | (0.17) |
Total distributions | (0.19) | (0.50) | (0.22) | (1.12) | (0.17) |
Net asset value, end of period | $30.67 | $32.08 | $31.89 | $26.53 | $26.95 |
Total return(2) | (3.74)% | 2.16% | 21.26% | 2.52% | (22.60)% |
Net assets, end of period (in thousands) | $118,308 | $143,500 | $159,832 | $158,323 | $205,771 |
Average net assets for the period (in thousands) | $125,646 | $158,138 | $151,659 | $179,307 | $305,843 |
Ratio of gross expenses to average net assets | 1.13% | 1.02% | 0.95% | 0.91% | 0.92% |
Ratio of net expenses to average net assets | 1.13% | 1.02% | 0.95% | 0.90% | 0.92% |
Ratio of net investment income/(loss) to average net assets | 1.77% | 1.06% | 1.40% | 0.93% | 0.43% |
Portfolio turnover rate | 22% | 23% | 39% | 85% | 40% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
241 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $32.25 | $32.05 | $26.69 | $27.15 | $35.33 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.64 | 0.48 | 0.51 | 0.30 | 0.24 |
Net gain/(loss) on investments (both realized and unrealized) | (1.77) | 0.34 | 5.18 | 0.52 | (8.06) |
Total from investment operations | (1.13) | 0.82 | 5.69 | 0.82 | (7.82) |
Less distributions: | |||||
Dividends from net investment income | (0.33) | (0.62) | (0.33) | (1.28) | (0.36) |
Total distributions | (0.33) | (0.62) | (0.33) | (1.28) | (0.36) |
Net asset value, end of period | $30.79 | $32.25 | $32.05 | $26.69 | $27.15 |
Total return(2) | (3.40)% | 2.54% | 21.62% | 2.92% | (22.27)% |
Net assets, end of period (in thousands) | $42,606 | $52,204 | $61,797 | $62,308 | $158,589 |
Average net assets for the period (in thousands) | $45,239 | $58,918 | $59,304 | $104,306 | $271,539 |
Ratio of gross expenses to average net assets | 0.74% | 0.64% | 0.57% | 0.52% | 0.53% |
Ratio of net expenses to average net assets | 0.74% | 0.64% | 0.57% | 0.52% | 0.53% |
Ratio of net investment income/(loss) to average net assets | 2.14% | 1.44% | 1.79% | 1.14% | 0.74% |
Portfolio turnover rate | 22% | 23% | 39% | 85% | 40% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
242 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $32.08 | $31.89 | $26.58 | $27.07 | $35.27 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.68 | 0.52 | 0.66 | 0.34 | 0.33 |
Net gain/(loss) on investments (both realized and unrealized) | (1.77) | 0.33 | 5.03 | 0.50 | (8.12) |
Total from investment operations | (1.09) | 0.85 | 5.69 | 0.84 | (7.79) |
Less distributions: | |||||
Dividends from net investment income | (0.37) | (0.66) | (0.38) | (1.33) | (0.41) |
Total distributions | (0.37) | (0.66) | (0.38) | (1.33) | (0.41) |
Net asset value, end of period | $30.62 | $32.08 | $31.89 | $26.58 | $27.07 |
Total return(2) | (3.27)% | 2.65% | 21.76% | 3.02% | (22.22)% |
Net assets, end of period (in thousands) | $51,945 | $69,995 | $76,655 | $48,999 | $130,676 |
Average net assets for the period (in thousands) | $59,886 | $74,170 | $53,209 | $69,294 | $141,578 |
Ratio of gross expenses to average net assets | 0.63% | 0.53% | 0.47% | 0.41% | 0.43% |
Ratio of net expenses to average net assets | 0.63% | 0.53% | 0.47% | 0.41% | 0.43% |
Ratio of net investment income/(loss) to average net assets | 2.27% | 1.58% | 2.29% | 1.26% | 1.01% |
Portfolio turnover rate | 22% | 23% | 39% | 85% | 40% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
243 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $31.78 | $31.60 | $26.28 | $26.73 | $34.70 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.44 | 0.26 | 0.32 | 0.18 | 0.08 |
Net gain/(loss) on investments (both realized and unrealized) | (1.72) | 0.34 | 5.16 | 0.44 | (7.97) |
Total from investment operations | (1.28) | 0.60 | 5.48 | 0.62 | (7.89) |
Less distributions: | |||||
Dividends from net investment income | (0.09) | (0.42) | (0.16) | (1.07) | (0.08) |
Total distributions | (0.09) | (0.42) | (0.16) | (1.07) | (0.08) |
Net asset value, end of period | $30.41 | $31.78 | $31.60 | $26.28 | $26.73 |
Total return(2) | (4.00)% | 1.88% | 20.99% | 2.23% | (22.77)% |
Net assets, end of period (in thousands) | $24,381 | $30,258 | $35,054 | $36,102 | $42,769 |
Average net assets for the period (in thousands) | $25,588 | $34,353 | $34,347 | $39,507 | $56,158 |
Ratio of gross expenses to average net assets | 1.39% | 1.27% | 1.20% | 1.16% | 1.15% |
Ratio of net expenses to average net assets | 1.39% | 1.27% | 1.20% | 1.16% | 1.15% |
Ratio of net investment income/(loss) to average net assets | 1.50% | 0.81% | 1.15% | 0.71% | 0.24% |
Portfolio turnover rate | 22% | 23% | 39% | 85% | 40% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
244 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $32.14 | $31.95 | $26.59 | $27.06 | $35.20 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.60 | 0.43 | 0.47 | 0.31 | 0.23 |
Net gain/(loss) on investments (both realized and unrealized) | (1.76) | 0.34 | 5.20 | 0.46 | (8.07) |
Total from investment operations | (1.16) | 0.77 | 5.67 | 0.77 | (7.84) |
Less distributions: | |||||
Dividends from net investment income | (0.28) | (0.58) | (0.31) | (1.24) | (0.30) |
Total distributions | (0.28) | (0.58) | (0.31) | (1.24) | (0.30) |
Net asset value, end of period | $30.70 | $32.14 | $31.95 | $26.59 | $27.06 |
Total return(2) | (3.51)% | 2.40% | 21.62% | 2.75% | (22.38)% |
Net assets, end of period (in thousands) | $444,252 | $532,840 | $605,692 | $606,090 | $761,892 |
Average net assets for the period (in thousands) | $462,499 | $589,204 | $580,342 | $663,436 | $1,063,251 |
Ratio of gross expenses to average net assets | 0.88% | 0.77% | 0.70% | 0.66% | 0.67% |
Ratio of net expenses to average net assets | 0.87% | 0.77% | 0.69% | 0.65% | 0.66% |
Ratio of net investment income/(loss) to average net assets | 2.03% | 1.32% | 1.65% | 1.20% | 0.70% |
Portfolio turnover rate | 22% | 23% | 39% | 85% | 40% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
245 | Janus Investment Fund |
MERRILL LYNCH |
Front-end Sales Load Waivers on Class A Shares available at Merrill Lynch |
Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan |
Shares purchased by or through a 529 Plan |
Shares purchased through a Merrill Lynch affiliated investment advisory program |
Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform |
Shares of funds purchased through the Merrill Edge Self-Directed platform for fee-based accounts (if applicable) |
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family) |
Shares exchanged from Class C (i.e. level-load) shares of the same fund in the month of or following the 10-year anniversary of the purchase date |
Employees and registered representatives of Merrill Lynch or its affiliates and their family members |
Trustees of the Fund, and employees of the Fund’s investment adviser or any of its affiliates, as described in the Fund’s prospectus |
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement) |
CDSC Waivers on A and C Shares available at Merrill Lynch |
Shareholders redeeming Class A or Class C shares through a Merrill Lynch platform or account will be eligible for only the following CDSC waivers, which may differ from those disclosed elsewhere in the Fund’s prospectus. |
Shares redeemed following the death or disability of the shareholder |
Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus |
Redemptions that constitute a return of excess contributions from an individual retirement account (“IRA”) |
Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code |
Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch |
Shares acquired through a right of reinstatement |
The redemption of shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to a fee based account or platform (applicable to A and C shares only) |
Front-end load Discounts Available at Merrill Lynch: Breakpoints, Rights of Accumulation & Letters of Intent |
Breakpoints as described in this prospectus. |
Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets |
Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable) |
246 | Janus Investment Fund |
MORGAN STANLEY |
• | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans |
• | Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules |
• | Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund |
• | Shares purchased through a Morgan Stanley self-directed brokerage account |
• | Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class conversion program |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge. |
RAYMOND JAMES |
• | Shares purchased in an investment advisory program. |
• | Shares purchased within the same fund family through a systematic reinvestment of capital gains and dividend distributions. |
• | Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James. |
247 | Janus Investment Fund |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). |
• | A shareholder in the Fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James. |
• | Death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus. |
• | Return of excess contributions from an IRA Account. |
• | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus. |
• | Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James. |
• | Shares acquired through a right of reinstatement. |
• | Breakpoints as described in this prospectus. |
• | Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial advisor about such assets. |
• | Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
UBS Financial Services Inc. |
248 | Janus Investment Fund |
Equity and Debt Securities |
249 | Janus Investment Fund |
250 | Janus Investment Fund |
Futures, Options, and Other Derivatives |
251 | Janus Investment Fund |
252 | Janus Investment Fund |
Other Investments, Strategies, and/or Techniques |
253 | Janus Investment Fund |
254 | Janus Investment Fund |
255 | Janus Investment Fund |
256 | Janus Investment Fund |
Class D
Shares* Ticker | |
Global & International Equity | |
Janus Henderson Asia Equity
Fund |
JAQDX |
Janus Henderson Emerging Markets
Fund |
HEMDX |
Janus Henderson European Focus
Fund |
HFEDX |
Janus Henderson Global Equity Income
Fund |
HFQDX |
Janus Henderson Global Life Sciences
Fund |
JNGLX |
Janus Henderson Global Real Estate
Fund |
JNGSX |
Janus Henderson Global Research
Fund |
JANWX |
Janus Henderson Global Select
Fund |
JANRX |
Janus Henderson Global Technology and Innovation
Fund |
JNGTX |
(formerly named Janus Henderson Global Technology Fund) | |
Janus Henderson Global Value
Fund |
JNGOX |
Janus Henderson International Opportunities
Fund |
HFODX |
Janus Henderson International Small Cap
Fund |
HIZDX |
Janus Henderson International Value
Fund |
JIFDX |
Janus Henderson Overseas
Fund |
JNOSX |
Fund summary | |
Janus Henderson Asia Equity
Fund |
2 |
Janus Henderson Emerging Markets
Fund |
7 |
Janus Henderson European Focus
Fund |
13 |
Janus Henderson Global Equity Income
Fund |
19 |
Janus Henderson Global Life Sciences
Fund |
25 |
Janus Henderson Global Real Estate
Fund |
30 |
Janus Henderson Global Research
Fund |
35 |
Janus Henderson Global Select
Fund |
40 |
Janus Henderson Global Technology and Innovation
Fund |
46 |
Janus Henderson Global Value
Fund |
52 |
Janus Henderson International Opportunities
Fund |
57 |
Janus Henderson International Small Cap
Fund |
63 |
Janus Henderson International Value
Fund |
69 |
Janus Henderson Overseas
Fund |
74 |
Additional information about the Funds | |
Fees and
expenses |
80 |
Additional investment strategies and general portfolio
policies |
81 |
Risks of the
Funds |
86 |
Management of the Funds | |
Investment
adviser |
96 |
Management
expenses |
97 |
Subadviser |
100 |
Investment
personnel |
100 |
Other
information |
106 |
Distributions and
taxes |
107 |
Shareholder’s manual | |
Doing business with Janus
Henderson |
110 |
Pricing of fund
shares |
114 |
Administrative services
fees |
115 |
Payments to financial intermediaries by Janus Capital or its
affiliates |
115 |
Paying for
shares |
116 |
Exchanges |
117 |
Payment of redemption
proceeds |
118 |
Excessive
trading |
120 |
Shareholder services and account
policies |
122 |
Financial
highlights |
125 |
Glossary of investment
terms |
139 |
1 | Janus Investment Fund |
Ticker: | JAQDX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees(1) | 0.97% | |
Other Expenses | 1.32% | |
Acquired Fund(2) Fees and Expenses | 0.01% | |
Total Annual Fund Operating Expenses(3) | 2.30% | |
Fee Waiver(3) | 0.95% | |
Total Annual Fund Operating Expenses After Fee Waiver(3) | 1.35% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
(2) | “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. Acquired fund fees and expenses are indirect expenses a fund may incur as a result of investing in shares of an underlying fund. To the extent that the Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights table because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. |
(3) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding any performance adjustments to management fees, administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed 1.11% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 233 | $ 718 | $ 1,230 | $ 2,636 |
Principal investment strategies |
2 | Janus Henderson Asia Equity Fund |
Principal investment risks |
3 | Janus Henderson Asia Equity Fund |
4 | Janus Henderson Asia Equity Fund |
Performance information |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 16.18% | Worst Quarter: 3rd Quarter 2015 – 18.93% |
Average Annual Total Returns (periods ended 12/31/19) | |||
1 Year | 5 Years | Since
Inception (7/29/11) | |
Class D Shares | |||
Return Before Taxes | 20.80% | 7.26% | 5.12% |
Return After Taxes on Distributions | 20.76% | 6.48% | 4.34% |
Return After Taxes on Distributions and Sale of Fund Shares | 12.64% | 5.68% | 3.96% |
MSCI
All Country Asia ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.17% | 6.55% | 4.65% |
MSCI
All Country Asia-Pacific ex-Japan Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
19.16% | 6.33% | 4.59% |
• | The MSCI All Country Asia ex-Japan Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of Asia, excluding Japan. The index includes reinvestment of dividends, net of foreign withholding taxes. |
5 | Janus Henderson Asia Equity Fund |
• | The MSCI All Country Asia-Pacific ex-Japan Index captures large and mid cap representation across developed market countries and emerging market countries in the Asia-Pacific region, excluding Japan. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
Tax information |
Payments to broker-dealers and other financial intermediaries |
6 | Janus Henderson Asia Equity Fund |
Ticker: | HEMDX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 1.00% | |
Other Expenses | 0.80% | |
Acquired Fund(1) Fees and Expenses | 0.01% | |
Total Annual Fund Operating Expenses(2) | 1.81% | |
Fee Waiver(2) | 0.60% | |
Total Annual Fund Operating Expenses After Fee Waiver(2) | 1.21% |
(1) | “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. Acquired fund fees and expenses are indirect expenses a fund may incur as a result of investing in shares of an underlying fund. To the extent that the Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights table because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. |
(2) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed 1.03% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 184 | $ 569 | $ 980 | $ 2,127 |
Principal investment strategies |
7 | Janus Henderson Emerging Markets Fund |
Principal investment risks |
8 | Janus Henderson Emerging Markets Fund |
9 | Janus Henderson Emerging Markets Fund |
Performance information |
10 | Janus Henderson Emerging Markets Fund |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 23.59% | Worst Quarter: 3rd Quarter 2011 – 24.96% |
Average Annual Total Returns (periods ended 12/31/19) | |||
1 Year | 5 Years | Since
Inception (12/31/10) | |
Class D Shares | |||
Return Before Taxes | 13.98% | 3.78% | 0.94% |
Return After Taxes on Distributions | 14.00% | 3.49% | 0.74% |
Return After Taxes on Distributions and Sale of Fund Shares(1) | 8.98% | 3.08% | 0.82% |
MSCI
Emerging Markets Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
18.42% | 5.61% | 2.11% |
(1) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
• | The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
11 | Janus Henderson Emerging Markets Fund |
Tax information |
Payments to broker-dealers and other financial intermediaries |
12 | Janus Henderson Emerging Markets Fund |
Ticker: | HFEDX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 0.98% | |
Other Expenses | 0.61% | |
Acquired Fund(1) Fees and Expenses | 0.01% | |
Total Annual Fund Operating Expenses(2) | 1.60% | |
Fee Waiver(2) | 0.46% | |
Total Annual Fund Operating Expenses After Fee Waiver(2) | 1.14% |
(1) | “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. Acquired fund fees and expenses are indirect expenses a fund may incur as a result of investing in shares of an underlying fund. To the extent that the Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights table because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. |
(2) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed 0.96% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 163 | $ 505 | $ 871 | $ 1,900 |
Principal investment strategies |
13 | Janus Henderson European Focus Fund |
Principal investment risks |
14 | Janus Henderson European Focus Fund |
15 | Janus Henderson European Focus Fund |
Performance information |
16 | Janus Henderson European Focus Fund |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 23.44% | Worst Quarter: 3rd Quarter 2011 – 28.31% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (8/31/01) | |
Class D Shares | ||||
Return Before Taxes | 31.67% | 1.06% | 4.80% | 11.51% |
Return After Taxes on Distributions | 31.63% | 0.72% | 4.39% | 10.58% |
Return After Taxes on Distributions and Sale of Fund Shares(1) | 19.35% | 0.96% | 3.89% | 9.88% |
MSCI
Europe Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.77% | 5.06% | 5.17% | 5.60% |
(1) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
• | The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe. The performance of the Index is listed in U.S. dollars and assumes reinvestment of net dividends. |
17 | Janus Henderson European Focus Fund |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
Tax information |
Payments to broker-dealers and other financial intermediaries |
18 | Janus Henderson European Focus Fund |
Ticker: | HFQDX | Class D Shares* |
Investment Objectives |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 0.67% | |
Other Expenses | 0.32% | |
Total Annual Fund Operating Expenses | 0.99% |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 101 | $ 315 | $ 547 | $ 1,213 |
Principal investment strategies |
19 | Janus Henderson Global Equity Income Fund |
Principal investment risks |
20 | Janus Henderson Global Equity Income Fund |
21 | Janus Henderson Global Equity Income Fund |
Performance information |
22 | Janus Henderson Global Equity Income Fund |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 3rd Quarter 2010 12.58% | Worst Quarter: 3rd Quarter 2011 – 12.96% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (11/30/06) | |
Class D Shares | ||||
Return Before Taxes | 21.07% | 4.89% | 6.12% | 4.23% |
Return After Taxes on Distributions | 19.65% | 3.55% | 5.02% | 3.26% |
Return After Taxes on Distributions and Sale of Fund Shares(1) | 14.36% | 3.96% | 5.16% | 3.68% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 5.91% |
MSCI
World High Dividend Yield Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.15% | 7.31% | 8.22% | 4.73% |
(1) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
• | The MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed market countries in North America, Europe, and the Asia/Pacific Region. |
• | The MSCI World High Dividend Yield Index is designed to reflect the performance of the high dividend yield securities contained within the broader MSCI World Index. The index includes large- and mid-capitalization stocks from developed markets across the Americas, Asia-Pacific, and Europe. |
23 | Janus Henderson Global Equity Income Fund |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
Tax information |
Payments to broker-dealers and other financial intermediaries |
24 | Janus Henderson Global Equity Income Fund |
Ticker: | JNGLX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 0.64% | |
Other Expenses | 0.18% | |
Total Annual Fund Operating Expenses | 0.82% |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 84 | $ 262 | $ 455 | $ 1,014 |
Principal investment strategies |
25 | Janus Henderson Global Life Sciences Fund |
Principal investment risks |
26 | Janus Henderson Global Life Sciences Fund |
Performance information |
27 | Janus Henderson Global Life Sciences Fund |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 4th Quarter 2019 18.86% | Worst Quarter: 3rd Quarter 2011 – 13.56% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (12/31/98) | |
Class D Shares | ||||
Return Before Taxes | 29.20% | 9.43% | 16.94% | 11.78% |
Return After Taxes on Distributions | 27.29% | 7.75% | 15.41% | 11.08% |
Return After Taxes on Distributions and Sale of Fund Shares | 18.48% | 7.03% | 13.96% | 10.23% |
MSCI
World Health Care Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
23.24% | 8.50% | 12.29% | 6.58% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
• | The MSCI World Health Care Index is a capitalization weighted index that measures the performance of health care stocks from developed market countries in North America, Europe, and the Asia/Pacific Region. The index includes reinvestment of dividends, net of foreign withholding taxes. |
• | The S&P 500 Index is a commonly recognized, market capitalization-weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance. |
28 | Janus Henderson Global Life Sciences Fund |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
Tax information |
Payments to broker-dealers and other financial intermediaries |
29 | Janus Henderson Global Life Sciences Fund |
Ticker: | JNGSX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees(1) | 0.85% | |
Other Expenses | 0.31% | |
Acquired Fund(2) Fees and Expenses | 0.01% | |
Total Annual Fund Operating Expenses | 1.17% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
(2) | “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. Acquired fund fees and expenses are indirect expenses a fund may incur as a result of investing in shares of an underlying fund. To the extent that the Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights table because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 119 | $ 372 | $ 644 | $ 1,420 |
Principal investment strategies |
30 | Janus Henderson Global Real Estate Fund |
Principal investment risks |
31 | Janus Henderson Global Real Estate Fund |
Performance information |
32 | Janus Henderson Global Real Estate Fund |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 16.13% | Worst Quarter: 3rd Quarter 2011 – 20.37% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years |
10 Years |
Since
Inception of Predecessor Fund (11/28/07) | |
Class D Shares | ||||
Return Before Taxes | 30.88% | 8.56% | 9.69% | 5.78% |
Return After Taxes on Distributions | 28.77% | 6.71% | 8.26% | 4.50% |
Return After Taxes on Distributions and Sale of Fund Shares | 18.53% | 5.93% | 7.33% | 4.09% |
FTSE
EPRA Nareit Global Index (reflects no deduction for expenses, fees, or taxes) |
23.58% | 6.94% | 8.91% | 4.28% |
FTSE
EPRA Nareit Global Net Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.50% | 6.03% | 8.10% | N/A |
• | The FTSE EPRA Nareit Global Index and the Net Index are global market capitalization-weighted indices composed of listed real estate securities in the North American, European, Asian, and South American real estate markets including both developed and emerging market countries. |
33 | Janus Henderson Global Real Estate Fund |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
Tax information |
Payments to broker-dealers and other financial intermediaries |
34 | Janus Henderson Global Real Estate Fund |
Ticker: | JANWX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees(1) | 0.64% | |
Other Expenses | 0.19% | |
Total Annual Fund Operating Expenses | 0.83% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 85 | $ 265 | $ 460 | $ 1,025 |
Principal investment strategies |
35 | Janus Henderson Global Research Fund |
Principal investment risks |
36 | Janus Henderson Global Research Fund |
Performance information |
37 | Janus Henderson Global Research Fund |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 3rd Quarter 2010 16.67% | Worst Quarter: 3rd Quarter 2011 – 18.49% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (2/25/05) | |
Class D Shares | ||||
Return Before Taxes | 28.90% | 8.70% | 10.20% | 9.25% |
Return After Taxes on Distributions | 27.45% | 8.00% | 9.78% | 8.72% |
Return After Taxes on Distributions and Sale of Fund Shares | 18.09% | 6.78% | 8.38% | 7.66% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.93% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.84% |
• | The MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed market countries in North America, Europe, and the Asia/Pacific Region. The index includes reinvestment of dividends, net of foreign withholding taxes. |
• | The MSCI All Country World Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world. It is designed to measure equity market performance in global developed and emerging markets. The index includes reinvestment of dividends, net of foreign withholding taxes. |
38 | Janus Henderson Global Research Fund |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
Tax information |
Payments to broker-dealers and other financial intermediaries |
39 | Janus Henderson Global Research Fund |
Ticker: | JANRX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 0.64% | |
Other Expenses | 0.21% | |
Total Annual Fund Operating Expenses | 0.85% |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 87 | $ 271 | $ 471 | $ 1,049 |
Principal investment strategies |
40 | Janus Henderson Global Select Fund |
Principal investment risks |
41 | Janus Henderson Global Select Fund |
42 | Janus Henderson Global Select Fund |
Performance information |
43 | Janus Henderson Global Select Fund |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 3rd Quarter 2010 18.51% | Worst Quarter: 3rd Quarter 2011 – 23.01% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (6/30/00) | |
Class D Shares | ||||
Return Before Taxes | 27.41% | 8.25% | 7.60% | 3.97% |
Return After Taxes on Distributions | 26.13% | 7.12% | 6.98% | 3.63% |
Return After Taxes on Distributions and Sale of Fund Shares | 17.13% | 6.34% | 6.11% | 3.20% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 4.79% |
• | The MSCI All Country World Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world. It is designed to measure equity market performance in global developed and emerging markets. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
44 | Janus Henderson Global Select Fund |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
Tax information |
Payments to broker-dealers and other financial intermediaries |
45 | Janus Henderson Global Select Fund |
Ticker: | JNGTX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 0.64% | |
Other Expenses | 0.19% | |
Total Annual Fund Operating Expenses | 0.83% |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 85 | $ 265 | $ 460 | $ 1,025 |
Principal investment strategies |
• | companies that the portfolio managers believe have or will develop products, processes, or services that will provide significant technological advancements or improvements; and |
• | companies that the portfolio managers believe rely extensively on technology in connection with their operations or services. |
46 | Janus Henderson Global Technology and Innovation Fund |
Principal investment risks |
47 | Janus Henderson Global Technology and Innovation Fund |
48 | Janus Henderson Global Technology and Innovation Fund |
Performance information |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2019 21.34% | Worst Quarter: 4th Quarter 2018 – 16.27% |
49 | Janus Henderson Global Technology and Innovation Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (12/31/98) | |
Class D Shares | ||||
Return Before Taxes | 45.13% | 20.30% | 17.64% | 9.90% |
Return After Taxes on Distributions | 42.37% | 18.27% | 15.99% | 9.11% |
Return After Taxes on Distributions and Sale of Fund Shares | 28.63% | 15.97% | 14.46% | 8.34% |
S&P
500® Index (reflects no deduction for expenses, fees, or taxes) |
31.49% | 11.70% | 13.56% | 6.73% |
MSCI
All Country World Information Technology Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
46.89% | 17.83% | 15.05% | 6.52% |
• | The S&P 500 Index is a commonly recognized, market capitalization-weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance. |
• | The MSCI All Country World Information Technology Index is a capitalization weighted index that measures the performance of information technology securities from developed market countries and emerging market countries. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
50 | Janus Henderson Global Technology and Innovation Fund |
Tax information |
Payments to broker-dealers and other financial intermediaries |
51 | Janus Henderson Global Technology and Innovation Fund |
Ticker: | JNGOX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees(1) | 0.47% | |
Other Expenses | 0.34% | |
Total Annual Fund Operating Expenses | 0.81% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 83 | $ 259 | $ 450 | $ 1,002 |
Principal investment strategies |
• | 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; |
• | durable competitive advantages that are trading at attractive valuations; and |
• | strong long-term prospects. |
52 | Janus Henderson Global Value Fund |
Principal investment risks |
53 | Janus Henderson Global Value Fund |
Performance information |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 3rd Quarter 2010 10.32% | Worst Quarter: 3rd Quarter 2011 – 9.60% |
54 | Janus Henderson Global Value Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (6/29/01) | |
Class D Shares | ||||
Return Before Taxes | 18.19% | 5.78% | 7.92% | 6.64% |
Return After Taxes on Distributions | 16.21% | 4.52% | 6.73% | 5.72% |
Return After Taxes on Distributions and Sale of Fund Shares | 11.96% | 4.36% | 6.28% | 5.44% |
MSCI
World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
27.67% | 8.74% | 9.47% | 6.31% |
MSCI
All Country World Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
26.60% | 8.41% | 8.79% | 6.38% |
• | The MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed market countries in North America, Europe, and the Asia/Pacific Region. The index includes reinvestment of dividends, net of foreign withholding taxes. |
• | The MSCI All Country World Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world. It is designed to measure equity market performance in global developed and emerging markets. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
55 | Janus Henderson Global Value Fund |
Tax information |
Payments to broker-dealers and other financial intermediaries |
56 | Janus Henderson Global Value Fund |
Ticker: | HFODX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 0.98% | |
Other Expenses | 0.61% | |
Total Annual Fund Operating Expenses(1) | 1.59% | |
Fee Waiver(1) | 0.53% | |
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.06% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed 0.88% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 162 | $ 502 | $ 866 | $ 1,889 |
Principal investment strategies |
57 | Janus Henderson International Opportunities Fund |
Principal investment risks |
58 | Janus Henderson International Opportunities Fund |
59 | Janus Henderson International Opportunities Fund |
Performance information |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2012 16.30% | Worst Quarter: 3rd Quarter 2011 – 21.11% |
60 | Janus Henderson International Opportunities Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (8/31/01) | |
Class D Shares | ||||
Return Before Taxes | 26.58% | 4.11% | 5.15% | 8.10% |
Return After Taxes on Distributions | 25.71% | 3.14% | 4.71% | 7.58% |
Return After Taxes on Distributions and Sale of Fund Shares(1) | 16.79% | 3.22% | 4.24% | 6.93% |
MSCI
ACWI ex-USA Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | 6.25% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.50% | 5.65% |
(1) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
• | The MSCI ACWI ex-USA Index is an unmanaged, free float-adjusted, market capitalization weighted index composed of stocks of large and mid-cap companies located in countries throughout the world, excluding the United States. |
• | The MSCI EAFE (Europe, Australasia, Far East) Index is a free float-adjusted market capitalization index designed to measure developed market equity performance. The MSCI EAFE Index is composed of companies representative of the market structure of developed market countries. |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
61 | Janus Henderson International Opportunities Fund |
Tax information |
Payments to broker-dealers and other financial intermediaries |
62 | Janus Henderson International Opportunities Fund |
Ticker: | HIZDX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 0.99% | |
Other Expenses | 2.78% | |
Total Annual Fund Operating Expenses(1) | 3.77% | |
Fee Waiver(1) | 2.60% | |
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.17% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed 0.98% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 379 | $ 1,152 | $ 1,944 | $ 4,010 |
Principal investment strategies |
63 | Janus Henderson International Small Cap Fund |
Principal investment risks |
64 | Janus Henderson International Small Cap Fund |
65 | Janus Henderson International Small Cap Fund |
Performance information |
Annual Total Returns for Class D Shares (calendar year-end) |
![]() |
Best Quarter: 1st Quarter 2019 11.78% | Worst Quarter: 4th Quarter 2018 – 21.44% |
66 | Janus Henderson International Small Cap Fund |
Average Annual Total Returns (periods ended 12/31/19) | ||
1 Year | Since
Inception (12/15/16) | |
Class D Shares | ||
Return Before Taxes | 24.02% | 7.93% |
Return After Taxes on Distributions | 23.70% | 6.91% |
Return After Taxes on Distributions and Sale of Fund Shares | 14.96% | 6.07% |
MSCI
EAFE® Small Cap Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
24.96% | 11.69% |
• | The MSCI EAFE Small Cap Index is an equity index that reflects the performance of small capitalization equities across developed markets, excluding the U.S. and Canada. |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
67 | Janus Henderson International Small Cap Fund |
Tax information |
Payments to broker-dealers and other financial intermediaries |
68 | Janus Henderson International Small Cap Fund |
Ticker: | JIFDX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees | 0.80% | |
Other Expenses | 0.91% | |
Total Annual Fund Operating Expenses(1) | 1.71% | |
Fee Waiver(1) | 0.69% | |
Total Annual Fund Operating Expenses After Fee Waiver(1) | 1.02% |
(1) | Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed 0.86% for at least a one-year period commencing on January 28, 2020. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 174 | $ 539 | $ 928 | $ 2,019 |
Principal investment strategies |
• | strong management teams; |
• | strong and stable balance sheets and solid recurring free cash flows; |
69 | Janus Henderson International Value Fund |
• | attractive relative and absolute valuation ratios or that have underperformed recently; |
• | favorable reward to risk characteristics; |
• | durable competitive advantages that are trading at attractive valuations; and |
• | strong long-term prospects. |
Principal investment risks |
70 | Janus Henderson International Value Fund |
Performance information |
Annual Total Returns for Class D Shares (calendar year-end) |
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Best Quarter: 4th Quarter 2019 8.99% | Worst Quarter: 4th Quarter 2018 – 10.99% |
71 | Janus Henderson International Value Fund |
Average Annual Total Returns (periods ended 12/31/19) | |||
1 Year | 5 Years | Since
Inception (4/1/13) | |
Class D Shares | |||
Return Before Taxes | 17.47% | 4.46% | 4.88% |
Return After Taxes on Distributions | 16.64% | 3.48% | 3.92% |
Return After Taxes on Distributions and Sale of Fund Shares | 11.21% | 3.47% | 3.80% |
MSCI
EAFE® Index (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
22.01% | 5.67% | 5.87% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 5.22% |
• | The MSCI EAFE (Europe, Australasia, Far East) Index is a free float-adjusted market capitalization index designed to measure developed market equity performance. The MSCI EAFE Index is composed of companies representative of the market structure of developed market countries. The index includes reinvestment of dividends, net of foreign withholding taxes. |
• | The MSCI All Country World ex-U.S. Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world, excluding the United States. It is designed to measure equity market performance in global developed and emerging markets outside the United States. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
72 | Janus Henderson International Value Fund |
Tax information |
Payments to broker-dealers and other financial intermediaries |
73 | Janus Henderson International Value Fund |
Ticker: | JNOSX | Class D Shares* |
Investment Objective |
Fees and Expenses of the Fund |
ANNUAL
FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
Class D | |
Management Fees(1) | 0.58% | |
Other Expenses | 0.21% | |
Total Annual Fund Operating Expenses | 0.79% |
(1) | This fee may adjust up or down monthly based on the Fund’s performance relative to its benchmark index over the performance measurement period. For more information regarding performance-based advisory fees, refer to “Management Expenses” in the Fund’s Prospectus. |
1 Year | 3 Years | 5 Years | 10 Years | |
Class D Shares | $ 81 | $ 252 | $ 439 | $ 978 |
Principal investment strategies |
74 | Janus Henderson Overseas Fund |
Principal investment risks |
75 | Janus Henderson Overseas Fund |
76 | Janus Henderson Overseas Fund |
77 | Janus Henderson Overseas Fund |
Performance information |
Annual Total Returns for Class D Shares (calendar year-end) |
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Best Quarter: 1st Quarter 2012 19.96% | Worst Quarter: 3rd Quarter 2011 – 27.81% |
Average Annual Total Returns (periods ended 12/31/19) | ||||
1 Year | 5 Years | 10 Years | Since
Inception (5/2/94) | |
Class D Shares | ||||
Return Before Taxes | 27.12% | 3.80% | 0.54% | 7.81% |
Return After Taxes on Distributions | 26.74% | 3.40% | – 0.01% | 7.21% |
Return After Taxes on Distributions and Sale of Fund Shares(1) | 16.70% | 3.00% | 0.42% | 6.76% |
MSCI
All Country World ex-U.S. Indexsm (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes) |
21.51% | 5.51% | 4.97% | N/A |
(1) | If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures. |
• | The MSCI All Country World ex-U.S. Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world, excluding the United States. It is designed to |
78 | Janus Henderson Overseas Fund |
measure equity market performance in global developed and emerging markets outside the United States. The index includes reinvestment of dividends, net of foreign withholding taxes. |
Management |
Purchase and sale of Fund shares |
Minimum Investment Requirements | |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
Tax information |
Payments to broker-dealers and other financial intermediaries |
79 | Janus Henderson Overseas Fund |
Fees and expenses |
• | “Annual Fund Operating Expenses” are paid out of a Fund’s assets and include fees for portfolio management and administrative services, including recordkeeping, accounting, and other shareholder services, as well as reimbursement to Janus Capital of its out-of-pocket costs for services as administrator. You do not pay these fees directly but, as the Example in each Fund Summary shows, these costs are borne indirectly by all shareholders. |
• | The “Management Fee” is the investment advisory fee rate paid by each Fund to Janus Capital. Janus Henderson Asia Equity Fund, Janus Henderson Global Real Estate Fund, Janus Henderson Global Research Fund, Janus Henderson Global Value Fund, and Janus Henderson Overseas Fund each pay an investment advisory fee rate that adjusts up or down by a variable rate of up to 0.15% (assuming constant assets) on a monthly basis based upon the Fund’s performance relative to its benchmark index during a measurement period. This base fee rate, prior to any performance adjustment, is 0.92% for Janus Henderson Asia Equity Fund, 0.75% for Janus Henderson Global Real Estate Fund, 0.60% for Janus Henderson Global Research Fund, and 0.64% for each of Janus Henderson Global Value Fund and Janus Henderson Overseas Fund. Refer to “Management Expenses” in this Prospectus for additional information with further description in the Statement of Additional Information (“SAI”). |
• | “Other Expenses” |
° | include an administrative services fee based on the average daily net assets of Class D Shares for shareholder services provided by Janus Services LLC (“Janus Services”), the Funds’ transfer agent, as detailed below. |
Average Daily Net Assets of Class D Shares of the Janus Henderson funds | Administrative Services Fee |
Under $40 billion | 0.12% |
$40 billion - $49.9 billion | 0.10% |
Over $49.9 billion | 0.08% |
° | include acquired fund fees and expenses, which are indirect expenses a Fund may incur as a result of investing in shares of an underlying fund. “Acquired Fund” refers to any underlying fund (including, but not limited to, exchange-traded funds) in which a fund invests or has invested during the period. To the extent that a Fund invests in Acquired Funds, the Fund’s “Total Annual Fund Operating Expenses” may not correlate to the “Ratio of gross expenses to average net assets” presented in the Financial Highlights table because that ratio includes only the direct operating expenses incurred by the Fund, not the indirect costs of investing in Acquired Funds. If applicable, or unless otherwise indicated in a Fund’s Fees and Expenses table, such amounts are less than 0.01% and are included in the Fund’s “Other Expenses.” |
° | may include “Short Sale Dividend Expenses.” These expenses include dividends or interest on short sales, which are paid to the lender of borrowed securities, and stock loan fees, which are paid to the prime broker. Such expenses will vary depending on the short sale arrangement, whether the securities a Fund sells short pay dividends or interest, and the amount of such dividends or interest. While “Short Sale Dividend Expenses” include interest and dividends paid out on short positions and may include stock loan fees, they do not take into account the interest credit a Fund earns on cash proceeds of short sales held as collateral for short positions. If applicable, such amounts are less than 0.01%. |
° | may include reimbursement to Janus Services of its out-of-pocket costs for arranging for the provision by third parties of certain servicing to shareholders. |
• | Janus Capital has contractually agreed to waive and/or reimburse certain Funds’ “Total Annual Fund Operating Expenses” to certain limits for at least a one-year period commencing on January 28, 2020. The expense limits are described in the “Management Expenses” section of this Prospectus. Because a fee waiver will have a positive effect upon a fund’s performance, a fund that pays a performance-based investment advisory fee may experience a performance adjustment that is considered favorable to Janus Capital as a result of a fee waiver that is in place during the period when the performance adjustment applies. |
• | All expenses in a Fund’s “Fees and Expenses of the Fund” table are shown without the effect of expense offset arrangements. Pursuant to such arrangements, credits realized as a result of uninvested cash balances are used to reduce custodian and transfer agent expenses. |
80 | Janus Investment Fund |
Additional investment strategies and general portfolio policies |
81 | Janus Investment Fund |
• | 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; |
• | durable competitive advantages that are trading at attractive valuations; and |
• | strong long-term prospects. |
82 | Janus Investment Fund |
83 | Janus Investment Fund |
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• | debt securities (such as bonds, notes, and debentures) |
• | other investment companies (such as exchange-traded funds) |
• | preferred stocks and securities convertible into common stocks or preferred stocks |
• | indexed/structured securities (such as commercial and residential mortgage- and asset-backed securities) |
85 | Janus Investment Fund |
• | various derivative transactions including, but not limited to, options, futures on U.S. and foreign exchanges, forwards, swap agreements, participatory notes, structured notes, and other types of derivatives individually or in combination for hedging purposes or for nonhedging purposes such as seeking to earn income and enhance return, to protect unrealized gains, or to avoid realizing losses; such techniques may also be used to adjust currency exposure relative to a benchmark index, to gain exposure to the market pending investment of cash balances, or to meet liquidity needs |
• | securities purchased on a when-issued, delayed delivery, or forward commitment basis |
• | equity and fixed-income securities issued in private placement transactions |
Risks of the Funds |
86 | Janus Investment Fund |
• | Currency Futures Risk. Currency futures are similar to forward foreign currency exchange contracts, and pose similar risks, except that futures contracts are standardized, exchange-traded contracts while forward foreign currency exchange contracts are traded in the over-the-counter market. The use of currency futures contracts may substantially change a Fund’s exposure to currency exchange rates and could result in losses to a Fund if currencies do not perform as anticipated. Currency markets generally are not as regulated as securities markets. In addition, currency rates may fluctuate significantly over short periods of time, and can reduce returns. Currency futures may also involve leverage risk. |
• | Forward Foreign Currency Exchange Contract Risk. Forward foreign currency exchange contracts (“forward currency contracts”) involve the risk that unanticipated changes in currency prices may negatively impact a Fund’s performance. Moreover, there may be an imperfect correlation between a Fund’s portfolio holdings of securities quoted or denominated in a particular currency and any forward currency contracts entered into by the Fund, which will expose the Fund to risk of foreign exchange loss. The trading markets for forward currency contracts offer less protection against defaults than trading in currency instruments on an exchange. Because a forward currency contract is not guaranteed by an exchange or clearinghouse, a default on the contract could result in losses to a Fund and may force the Fund to cover its purchase or sale commitments, if any, at the current market price. In addition, forward currency contract markets can experience |
87 | Janus Investment Fund |
periods of illiquidity, which could prevent a Fund from divesting of a forward currency contract at the optimal time and may adversely affect a Fund’s returns and net asset value. |
88 | Janus Investment Fund |
89 | Janus Investment Fund |
• | Currency Risk. As long as a Fund holds a foreign security, its value will be affected by the value of the local currency relative to the U.S. dollar. When a Fund sells a foreign currency denominated security, its value may be worth less in U.S. dollars even if the security increases in value in its home country. U.S. dollar-denominated securities of foreign issuers may also be affected by currency risk, as the value of these securities may also be affected by changes in the issuer’s local currency. |
• | Political and Economic Risk. Foreign investments may be subject to heightened political and economic risks, particularly in emerging markets which may have relatively unstable governments, immature economic structures, national policies restricting investments by foreigners, social instability, and different and/or developing legal systems. In some countries, there is the risk that the government may take over the assets or operations of a company or that the government may impose withholding and other taxes or limits on the removal of a Fund’s assets from that country. In addition, the economies of emerging markets may be predominantly based on only a few industries, may be highly vulnerable to changes in local or global trade conditions, and may suffer from extreme and volatile debt burdens or inflation rates. |
• | Regulatory Risk. There may be less government supervision of foreign markets. As a result, foreign issuers may not be subject to the uniform accounting, auditing, and financial reporting standards and practices applicable to domestic issuers, and there may be less publicly available information about foreign issuers. |
• | Foreign Market Risk. Foreign securities markets, particularly those of emerging market countries, may be less liquid and more volatile than domestic markets. These securities markets may trade a small number of securities, may have a limited number of issuers and a high proportion of shares, or may be held by a relatively small number of persons or institutions. Local securities markets may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of substantial holdings difficult or impossible at times. It is also possible that certain markets may require payment for securities before delivery, and delays may be encountered in settling securities transactions. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for a Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, securities of issuers located in or economically tied to countries with emerging markets may have limited marketability and may be subject to more abrupt or erratic price movements which could also have a negative effect on a Fund. Such factors may hinder a Fund’s ability to buy and sell emerging market securities in a timely manner, affecting the Fund’s investment strategies and potentially affecting the value of the Fund. |
• | Geographic Concentration Risk. To the extent that a Fund invests a substantial amount of its assets in issuers located in a single country or region, the economic, political, social, regulatory, or other developments or conditions within such country or region will generally have a greater effect on the Fund than they would on a more geographically diversified fund, which may result in greater losses and volatility. Adverse developments in certain regions could also adversely affect securities of other countries whose economies appear to be unrelated and could have a negative impact on a Fund’s performance. |
• | Transaction Costs. Costs of buying, selling, and holding foreign securities, including brokerage, tax, and custody costs, may be higher than those involved in domestic transactions. |
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Investment adviser |
96 | Janus Investment Fund |
Management expenses |
Fund Name | Average
Daily Net Assets of the Fund |
Contractual
Investment Advisory Fee (%) (annual rate) |
Actual
Investment Advisory Fee Rate (%) (for the fiscal year ended September 30, 2019) |
Janus Henderson Emerging Markets Fund | First $1 Billion | 1.00 | |
Next $1 Billion | 0.90 | ||
Over $2 Billion | 0.85 | 0.63 (1) | |
Janus Henderson European Focus Fund | First $500 Million | 1.00 | |
Next $1 Billion | 0.90 | ||
Next $1 Billion | 0.85 | ||
Over $2.5 Billion | 0.80 | 0.85 (1) | |
Janus Henderson Global Equity Income Fund | First $1 Billion | 0.85 | |
Next $1 Billion | 0.65 | ||
Over $2 Billion | 0.60 | 0.67 (1) | |
Janus Henderson Global Life Sciences Fund | All Asset Levels | 0.64 | 0.64 |
Janus Henderson Global Select Fund | All Asset Levels | 0.64 | 0.64 (1) |
Janus Henderson Global Technology and Innovation Fund | All Asset Levels | 0.64 | 0.64 (1) |
Janus Henderson International Opportunities Fund | First $2 Billion | 1.00 | |
Next $1 Billion | 0.90 | ||
Next $1 Billion | 0.80 | ||
Next $1 Billion | 0.70 | ||
Next $5 Billion | 0.60 | ||
Over $10 Billion | 0.50 | 0.86 (1) | |
Janus Henderson International Small Cap Fund | First $500 Million | 0.99 | |
Next $500 Million | 0.89 | ||
Over $1 Billion | 0.84 | 0.00 (1)(2) | |
Janus Henderson International Value Fund | All Asset Levels | 0.80 | 0.23 (1) |
(1) | Janus Capital has agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed a certain level for at least a one-year period commencing on January 28, 2020. Application of an expense waiver and its effect on annual fund operating expenses is reflected, when applicable, in the “Fees and Expenses of the Fund” table in the Fund Summary of the Prospectus, and additional information is included under “Expense Limitations” below. The waiver is reflected in the actual investment advisory fee rate shown. |
(2) | For the fiscal year ended September 30, 2019, the Fund did not pay Janus Capital any investment advisory fees (net of fee waivers) because the Fund’s fee waiver exceeded the investment advisory fee. |
97 | Janus Investment Fund |
Fund Name | Base
Fee Rate (%) |
Full
Performance Rate vs. Benchmark Index |
Performance
Adjusted Investment Advisory Fee Rate (%) |
Actual
Investment Advisory Fee Rate (%) (for the fiscal year ended September 30, 2019) |
Janus Henderson Global Research Fund | 0.60 | ± 6.00% | 0.64 | 0.64 (1) |
Janus Henderson Global Real Estate Fund | 0.75 | ± 4.00% | 0.85 | 0.85 (1) |
Janus Henderson Global Value Fund | 0.64 | ± 7.00% | 0.47 | 0.47 |
Janus Henderson Overseas Fund | 0.64 | ± 7.00% | 0.58 | 0.58 (1) |
Janus Henderson Asia Equity Fund | 0.92 | ± 7.00% | 0.97 | 0.00 (1)(2) |
(1) | Janus Capital has agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding any performance adjustments to management fees, administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed a certain level for at least a one-year period commencing on January 28, 2020. Application of an expense waiver and its effect on annual fund operating expenses is reflected, when applicable, in the “Fees and Expenses of the Fund” table in the Fund Summary of the Prospectus, and additional information is included under “Expense Limitations” below. The waiver and any applicable performance adjustment are reflected in the actual investment advisory fee rate shown. |
(2) | For the fiscal year ended September 30, 2019, the Fund did not pay Janus Capital any investment advisory fees (net of fee waivers) because the Fund’s fee waiver exceeded the investment advisory fee. |
Fund Name | Benchmark Index |
Janus Henderson Global Research Fund | MSCI World Index(1) |
Janus Henderson Global Real Estate Fund | FTSE EPRA Nareit Global Index |
Janus Henderson Global Value Fund | MSCI World Index(1) |
Janus Henderson Overseas Fund | MSCI All Country World ex-U.S. Index(1) |
Janus Henderson Asia Equity Fund | MSCI All Country Asia ex-Japan Index(1) |
(1) | The index includes reinvestment of dividends, net of foreign withholding taxes. |
98 | Janus Investment Fund |
99 | Janus Investment Fund |
Fund Name | Expense Limit Percentage (%) |
Janus Henderson Asia Equity Fund(1) | 1.11 |
Janus Henderson Emerging Markets Fund | 1.03 |
Janus Henderson European Focus Fund | 0.96 |
Janus Henderson Global Equity Income Fund | 0.84 |
Janus Henderson Global Real Estate Fund(1) | 0.91 |
Janus Henderson Global Research Fund(1) | 0.86 |
Janus Henderson Global Select Fund | 0.87 |
Janus Henderson Global Technology and Innovation Fund | 0.71 |
Janus Henderson International Opportunities Fund | 0.88 |
Janus Henderson International Small Cap Fund | 0.98 |
Janus Henderson International Value Fund | 0.86 |
Janus Henderson Overseas Fund(1) | 0.87 |
(1) | The Fund pays an investment advisory fee rate that may adjust up or down based on the Fund’s performance relative to its benchmark index during a measurement period. Because a fee waiver will have a positive effect upon the Fund’s performance, a fee waiver that is in place during the period when the performance adjustment applies may affect the performance adjustment in a way that is favorable to Janus Capital. |
Subadviser |
Investment personnel |
100 | Janus Investment Fund |
101 | Janus Investment Fund |
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104 | Janus Investment Fund |
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CLOSED FUND POLICIES |
LIQUIDATION/REORGANIZATION OF A FUND |
DISTRIBUTION OF THE Funds |
106 | Janus Investment Fund |
Distributions |
Distribution Options |
107 | Janus Investment Fund |
TAXES |
108 | Janus Investment Fund |
109 | Janus Investment Fund |
Doing business with Janus Henderson |
• | Obtain Fund information and performance |
• | View your personalized performance |
• | Review your account or your complete portfolio |
• | Buy, exchange, and sell Janus Henderson funds |
• | Update personal information |
• | Receive electronic daily transaction confirmations, quarterly and year-end statements, semiannual and annual reports, prospectuses, and tax forms |
• | Analyze the fees associated with your investment (www.finra.org/fundanalyzer) |
• | Open a new account |
* | Certain account or transaction types may be restricted from being processed through janushenderson.com. If you would like more information about these restrictions, please contact a Janus Henderson representative. |
Janus
Henderson XpressLinetm 1-888-979-7737 • 24-hour automated phone system Janus Henderson Representatives 1-800-525-3713 TDD For the speech and hearing impaired. 1-800-525-0056 |
Mailing
Address Janus Henderson P.O. Box 219109 Kansas City, MO 64121-9109 For Overnight Mail Janus Henderson 430 W 7th Street, Suite 219109 Kansas City, MO 64105-1407 |
110 | Janus Investment Fund |
Minimum Investments* |
To open a new regular Fund account | $2,500 |
To open a new regular Fund account with an automatic investment program of $50 per month | $ 100 |
To open a new UGMA/UTMA account, Coverdell Education Savings Account, or a retirement Fund account | |
• without an automatic investment program | $1,000 |
• with an automatic investment program of $50 per month | $ 100 |
To add to any existing type of Fund account without an automatic investment program | $ 50 |
* | The Funds reserve the right to change the amount of these minimums from time to time or to waive them in whole or in part. Participants in certain retirement plans, including but not limited to, Janus Henderson prototype Money Purchase Pension and Profit Sharing plans, SEP IRAs, SARSEP IRAs, or outside qualified retirement plans, may not be subject to the stated minimums. Employees of JHG and its subsidiaries may open Fund accounts for $100. |
Types of Account Ownership |
Tax-Advantaged Accounts |
111 | Janus Investment Fund |
Accounts for the Benefit of a Child |
To Open an Account or Buy Shares |
• | To open your Fund account, complete and sign the appropriate application. Make your check payable to Janus Henderson or elect a one-time electronic withdrawal from your bank account as noted on the appropriate application. |
• | To buy additional shares, complete the remittance slip accompanying your confirmation statement. If you are making a purchase into a retirement account, please indicate whether the purchase is a rollover or a current or prior year contribution. Send your check and remittance slip or written instructions to the address listed on the slip. |
• | You may open a new account or buy additional shares in an existing Fund account (note that certain account or transaction types may be restricted from being processed through janushenderson.com). You may elect to have Janus Henderson electronically withdraw funds from your designated bank account. A real-time confirmation of your transaction will be provided via janushenderson.com/individual. |
• | For an existing account, you may use Janus Henderson XpressLine to buy shares 24 hours a day, or you may call a Janus Henderson representative during normal business hours. Janus Henderson will electronically withdraw funds from your designated bank account. |
• | You may also buy shares by wiring money from your bank account to your Fund account. For wiring instructions, call a Janus Henderson representative. |
112 | Janus Investment Fund |
• | To buy additional shares through the Automatic Investment Program, you select the frequency with which your money ($50 minimum) will be electronically transferred from your bank account to your Fund account. Certain tax-advantaged accounts are not eligible for automated investments. |
• | You may buy additional shares using Payroll Deduction if your employer can initiate this type of transaction. You may have all or a portion of your paycheck ($50 minimum) invested directly into your Fund account. |
To Exchange Shares |
• | Exchanges may generally be made online at janushenderson.com/individual. |
• | Generally all accounts are automatically eligible to exchange shares by telephone. To exchange all or a portion of your shares into any other available Janus Henderson fund, call Janus Henderson XpressLine or a Janus Henderson representative. |
• | To request an exchange in writing, please follow the instructions in “Written Instructions.” |
• | You determine the amount of money you would like automatically exchanged from one Fund account to another on any day of the month. |
To Sell Shares |
• | Redemptions may be made online at janushenderson.com/individual. |
• | Generally all accounts are automatically eligible to sell shares by telephone. To sell all or a portion of your shares, call Janus Henderson XpressLine or a Janus Henderson representative. The Funds reserve the right to limit the dollar amount that you may redeem from your account by telephone. |
• | To request a redemption in writing, please follow the instructions in “Written Instructions.” |
• | This program allows you to sell shares worth a specific dollar amount from your Fund account on a regular basis. |
113 | Janus Investment Fund |
Pricing of fund shares |
114 | Janus Investment Fund |
Administrative services fees |
Average Daily Net Assets of Class D Shares of the Janus Henderson funds | Administrative Services Fee |
Under $40 billion | 0.12% |
$40 billion - $49.9 billion | 0.10% |
Over $49.9 billion | 0.08% |
Payments to financial intermediaries by Janus Capital or its affiliates |
115 | Janus Investment Fund |
Paying for shares |
• | Cash, credit cards, third party checks (with certain limited exceptions), travelers cheques, credit card checks, line of credit checks, or money orders will not be accepted. |
• | All purchases must be made in U.S. dollars and checks must be drawn on U.S. banks or an accepted non-U.S. bank. |
• | Purchases initiated using a bill-pay service (or an equivalent) and presented either electronically or in the form of a check are considered direct deposit transactions. |
• | When purchasing Shares through the Automatic Investment Program, your automatic investment selection(s) will generally be active within three days following receipt of your authorization for the date and amount you specify. If no date or dollar amount is specified on your application, investments of $50 will be made on the 20th of each month. If the balance in the Janus Henderson fund account you are buying into falls to zero as the result of a redemption, exchange, or minimum balance fee, your Automatic Investment Program will be discontinued. |
• | We may make additional attempts to debit your predesignated bank account for automated investments that initially fail. You are liable for any costs associated with these additional attempts. If your automated investment fails, you may purchase Shares of the Funds by submitting good funds via another method accepted by the Funds (e.g., by wire transfer). In this case, your purchase will be processed at the next NAV determined after we receive good funds, not at the NAV available as of the date of the original request. |
• | Each Fund reserves the right to reject any purchase order, including exchange purchases, for any reason. The Funds are not intended for excessive trading. For more information about the Funds’ policy on excessive trading, refer to “Excessive Trading.” |
• | If all or a portion of a purchase is received for investment without a specific fund designation, for investment in one of our closed funds, or for investment in a fund that is not yet available for public sale, the undesignated amount or entire investment, as applicable, will be invested in Janus Henderson Government Money Market Fund. For investments without a specific fund designation, where you own a single Fund account with a current balance greater than zero, the investment will be applied to that Fund account. For investments without a specific fund designation, where you own two or more Fund accounts with current balances greater than zero, and for investments in closed funds, unless you later direct Janus Henderson to (i) buy shares of another Janus Henderson fund or (ii) sell shares of Janus Henderson Government Money Market Fund and return the proceeds (including any dividends earned) to you, Janus Henderson will treat your inaction as approval of the purchase of Janus Henderson Government Money Market Fund. If you hold shares of a closed fund and submit an order directly to Janus Henderson for your account in that closed fund, your account must be open and your order must clearly indicate that you are currently a shareholder of the closed fund, or your money will be invested in Janus Henderson Government Money Market Fund. If you submit an order to buy shares of a fund that is not yet available for investment (during a subscription period), your investment will be held in Janus Henderson Government Money Market Fund until the new fund’s commencement of operations. At that time, your investment (including any dividends) will be automatically exchanged from Janus Henderson Government Money Market Fund to the new fund. All orders for purchase, exchange, or redemption will receive the NAV as described under “Policies in Relation to Transactions.” |
• | For Fund purchases by check, if your check does not clear for any reason, your purchase will be cancelled. |
116 | Janus Investment Fund |
• | If your purchase is cancelled for any reason, you will be responsible for any losses or fees imposed by your bank and may be responsible for losses that may be incurred as a result of any decline in the value of the cancelled purchase. |
Exchanges |
• | An exchange represents the redemption (or sale) of shares from one Fund and the purchase of shares of another Fund, which may produce a taxable gain or loss in a non-retirement account. |
• | You may generally exchange Shares of a Fund for Shares of the same class of any other fund in the Trust, with the exception of the Janus Henderson money market funds. Only accounts beneficially owned by natural persons will be allowed to exchange to Janus Henderson Money Market Fund; all other account types can only exchange to Janus Henderson Government Money Market Fund. |
• | You may also exchange shares of one class for another class of shares within the same fund, provided the eligibility requirements of the class of shares to be received are met. A Fund’s fees and expenses differ between share classes. Exchanging from a direct share class to one held through an intermediary typically results in increased expenses. This is because share classes distributed through intermediaries include additional fees for administration and/or distribution to pay for services provided by intermediaries. Please read the Prospectus for the share class you are interested in prior to investing in that share class. |
• | New regular Janus Henderson fund accounts established by exchange must be opened with $2,500 or the total account value if the value of the Janus Henderson fund account you are exchanging from is less than $2,500 ($100 for new regular Fund accounts with an automatic investment program of $50 per month). (If your Janus Henderson fund account balance does not meet the minimum investment requirements, you may be subject to an annual minimum balance fee or account closure. For more information, refer to “Minimum Investment Requirements.”) |
• | UGMA/UTMA accounts, Traditional or Roth IRAs, Simplified Employee Pension IRAs, and Coverdell Education Savings Accounts established by exchange must meet the minimum investment requirements previously described. If the value of the Janus Henderson fund account you are exchanging from is less than the stated minimum, you must exchange the entire balance. (If your Janus Henderson fund account balance does not meet the minimum investment requirements, you may be |
117 | Janus Investment Fund |
subject to an annual minimum balance fee or account closure. For more information, refer to “Minimum Investment Requirements.”) | |
• | New Janus Henderson fund non-retirement accounts established by an exchange (or exchange purchases to an existing Roth IRA) resulting from a required minimum distribution from a retirement account do not have an initial minimum investment requirement. (If your Janus Henderson fund account balance does not meet the minimum investment requirements, you may be subject to an annual minimum balance fee or account closure. For more information, refer to “Minimum Investment Requirements.”) |
• | Exchanges between existing Janus Henderson fund accounts must meet the $50 subsequent investment requirement. |
• | For Systematic Exchanges, if no date is specified on your request, systematic exchanges will be made on the 20th of each month. You may establish this option for as little as $100 per exchange. If the balance in the Janus Henderson fund account you are exchanging from falls below the Systematic Exchange amount, all remaining shares will be exchanged and your Systematic Exchange Program will be discontinued. |
• | The exchange privilege is not intended as a vehicle for short-term or excessive trading. A Fund may suspend or terminate the exchange privilege of any investor who is identified as having a pattern of short-term trading. Different restrictions may apply if you invest through an intermediary. For more information about the Funds’ policy on excessive trading, refer to “Excessive Trading.” |
• | Each Fund reserves the right to reject any exchange request and to modify or terminate the exchange privilege at any time. |
• | With certain exceptions, exchanges between Janus Henderson fund accounts will be accepted only if the registrations are identical. If you are exchanging into a closed Janus Henderson fund, you will need to meet criteria for investing in the closed fund. For more information, refer to Closed Fund Policies in the “Other Information” section of this Prospectus. |
• | If the shares you are exchanging are held in certificate form, you must return the certificate to Janus Henderson prior to making any exchanges. Shares are no longer available in certificate form. |
* | Certain account types and transactions are not available via janushenderson.com. For more information, access janushenderson.com/individual or refer to this Shareholder’s Manual. |
Payment of redemption proceeds |
• | Next Day Wire Transfer – Your redemption proceeds can be electronically transferred to your predesignated bank account on the next bank business day after receipt of your redemption request (wire transfer). You may be charged a fee for each wire transfer, and your bank may charge an additional fee to receive the wire. |
• | ACH (Automated Clearing House) Transfer – Your redemption proceeds can be electronically transferred to your predesignated bank account on or about the second bank business day after receipt of your redemption request. There is no fee associated with this type of electronic transfer. |
118 | Janus Investment Fund |
* | Certain account types and transactions are not available via janushenderson.com. For more information, access janushenderson.com/individual or refer to this Shareholder’s Manual. |
119 | Janus Investment Fund |
Written Instructions |
• | the name of the Janus Henderson fund(s) being redeemed or exchanged; |
• | the account number(s); |
• | the amount of money or number of shares being redeemed or exchanged; |
• | the name(s) on the account; |
• | the signature(s) of one or more registered account owners; and |
• | your daytime telephone number. |
Signature Guarantee |
• | You request a redemption by check above a certain dollar amount. |
• | You would like a check made payable to anyone other than the shareholder(s) of record. |
• | You would like a check mailed to an address that has been changed within 10 days of the redemption request. |
• | You would like a check mailed to an address other than the address of record. |
• | You would like your redemption proceeds sent to a bank account other than a bank account of record. |
• | It does not appear valid or in good form. |
• | The transaction amount exceeds the surety bond limit of the signature guarantee. |
• | The guarantee stamp has been reported as stolen, missing, or counterfeit. |
Excessive trading |
120 | Janus Investment Fund |
• | exchange limitations as described under “Exchanges”; |
• | trade monitoring; and |
• | fair valuation of securities as described under “Pricing of Fund Shares”. |
121 | Janus Investment Fund |
Availability of Portfolio Holdings Information |
• | Full Holdings. The schedule of each Fund’s portfolio holdings, consisting of at least the names of the holdings, is generally available on a monthly basis with a 30-day lag. Holdings are generally posted approximately two business days thereafter under Full Holdings for each Fund at janushenderson.com/reports. A complete schedule of each Fund’s portfolio holdings is also available semiannually and annually in shareholder reports and, after the first and third fiscal quarters, on Form N-PORT. Information reported in shareholder reports and on Form N-PORT will be made publicly available within 60 days after the end of the respective fiscal quarter. Each Fund’s shareholder reports and Form N-PORT filings are available on the SEC’s website at http://www.sec.gov. In addition, each Fund’s shareholder reports are available without charge, upon request, by calling a Janus Henderson representative at 1-800-525-3713 (toll free). |
• | Top Holdings. Each Fund’s top portfolio holdings, in order of position size and as a percentage of a Fund’s total portfolio, are available monthly with a 15-day lag and on a calendar quarter-end basis with a 15-day lag. |
• | Other Information. Each Fund may occasionally provide security breakdowns (e.g., industry, sector, regional, market capitalization, and asset allocation), top performance contributors/detractors, and specific portfolio level performance attribution information and statistics monthly with a 15-day lag and on a calendar quarter-end basis with a 15-day lag. Top performance contributors/detractors may include the percentage of contribution/detraction to Fund performance. |
Shareholder services and account policies |
122 | Janus Investment Fund |
123 | Janus Investment Fund |
124 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.54 | $11.56 | $9.49 | $8.35 | $9.84 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.09 | 0.07 | 0.07 | 0.08 | 0.07 |
Net gain/(loss) on investments (both realized and unrealized) | (0.23) | 0.23 | 2.11 | 1.45 | (1.00) |
Total from investment operations | (0.14) | 0.30 | 2.18 | 1.53 | (0.93) |
Less distributions: | |||||
Dividends from net investment income | (0.03) | (0.05) | (0.11) | (0.01) | (0.19) |
Distributions from capital gains | (0.84) | (0.27) | — | (0.38) | (0.37) |
Total distributions | (0.87) | (0.32) | (0.11) | (0.39) | (0.56) |
Net asset value, end of period | $10.53 | $11.54 | $11.56 | $9.49 | $8.35 |
Total return(2) | (0.44)% | 2.57% | 23.30% | 18.95% | (9.99)% |
Net assets, end of period (in thousands) | $11,198 | $13,089 | $21,577 | $5,314 | $5,640 |
Average net assets for the period (in thousands) | $11,599 | $21,221 | $11,542 | $5,013 | $6,632 |
Ratio of gross expenses to average net assets | 2.29% | 1.72% | 2.19% | 3.38% | 2.75% |
Ratio of net expenses to average net assets | 1.33% | 1.33% | 1.44% | 1.36% | 1.42% |
Ratio of net investment income/(loss) to average net assets | 0.88% | 0.55% | 0.67% | 0.89% | 0.67% |
Portfolio turnover rate | 34% | 41% | 120% | 59% | 152% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
125 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $9.53 | $10.41 | $10.24 | $10.05 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.14 | 0.11 | 0.04 | 0.07 |
Net gain/(loss) on investments (both realized and unrealized) | (0.59) | (0.67) | 0.13 | 0.12 |
Total from investment operations | (0.45) | (0.56) | 0.17 | 0.19 |
Less distributions: | ||||
Dividends from net investment income | (0.12) | (0.11) | — | — |
Distributions from capital gains | (0.18) | (0.21) | — | — |
Total distributions | (0.30) | (0.32) | — | — |
Net asset value, end of period | $8.78 | $9.53 | $10.41 | $10.24 |
Total return(4) | (4.59)% (5) | (5.64)% | 1.66% | 1.89% |
Net assets, end of period (in thousands) | $10,957 | $13,104 | $16,053 | $16,527 |
Average net assets for the period (in thousands) | $12,337 | $15,607 | $16,501 | $14,711 |
Ratio of gross expenses to average net assets(6) | 1.80% | 1.38% | 1.80% | 1.35% |
Ratio of net expenses to average net assets(6) | 1.19% | 1.15% | 1.46% | 1.32% |
Ratio of net investment income/(loss) to average net assets(6) | 1.51% | 1.08% | 2.18% | 4.63% |
Portfolio turnover rate | 68% | 26% | 2% | 32% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class D Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Total return without the effect of affiliated payments would have been (4.82)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(6) | Annualized for periods of less than one full year. |
126 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $31.61 | $35.02 | $34.21 | $33.53 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.49 | 0.57 | 0.14 | 0.11 |
Net gain/(loss) on investments (both realized and unrealized) | (3.92) | (3.20) | 0.67 | 0.57 |
Total from investment operations | (3.43) | (2.63) | 0.81 | 0.68 |
Less distributions: | ||||
Dividends from net investment income | (1.13) | (0.78) | — | — |
Total distributions | (1.13) | (0.78) | — | — |
Net asset value, end of period | $27.05 | $31.61 | $35.02 | $34.21 |
Total return(4) | (10.39)% | (7.67)% | 2.37% | 2.03% |
Net assets, end of period (in thousands) | $2,293 | $2,875 | $2,776 | $2,585 |
Average net assets for the period (in thousands) | $2,421 | $3,071 | $2,683 | $2,342 |
Ratio of gross expenses to average net assets(5) | 1.59% | 1.19% | 1.11% | 1.25% |
Ratio of net expenses to average net assets(5) | 1.14% | 1.11% | 1.11% | 1.08% |
Ratio of net investment income/(loss) to average net assets(5) | 1.81% | 1.71% | 2.52% | 2.11% |
Portfolio turnover rate | 145% | 82% | 6% | 57% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class D Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
127 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $7.15 | $7.79 | $7.78 | $7.83 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.48 | 0.53 | 0.08 | 0.07 |
Net gain/(loss) on investments (both realized and unrealized) | (0.57) | (0.67) | 0.04 | 0.07 |
Total from investment operations | (0.09) | (0.14) | 0.12 | 0.14 |
Less distributions: | ||||
Dividends from net investment income | (0.49) | (0.50) | (0.11) | (0.19) |
Total distributions | (0.49) | (0.50) | (0.11) | (0.19) |
Net asset value, end of period | $6.57 | $7.15 | $7.79 | $7.78 |
Total return(4) | (1.06)% | (1.91)% | 1.56% | 1.86% |
Net assets, end of period (in thousands) | $8,028 | $8,359 | $2,985 | $1,941 |
Average net assets for the period (in thousands) | $7,928 | $7,765 | $2,334 | $1,027 |
Ratio of gross expenses to average net assets(5) | 0.99% | 0.88% | 0.84% | 1.19% |
Ratio of net expenses to average net assets(5) | 0.99% | 0.88% | 0.84% | 0.96% |
Ratio of net investment income/(loss) to average net assets(5) | 7.17% | 7.02% | 6.30% | 5.97% |
Portfolio turnover rate | 142% | 137% | 21% | 127% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class D Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
128 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $65.89 | $56.59 | $49.90 | $54.41 | $52.58 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.27 | 0.12 | 0.18 | 0.15 | (0.04) |
Net gain/(loss) on investments (both realized and unrealized) | (4.58) | 9.86 | 7.07 | 0.11 | 7.27 |
Total from investment operations | (4.31) | 9.98 | 7.25 | 0.26 | 7.23 |
Less distributions: | |||||
Dividends from net investment income | — | (0.20) | (0.13) | (0.17) | — |
Distributions from capital gains | (6.72) | (0.48) | (0.43) | (4.60) | (5.40) |
Total distributions | (6.72) | (0.68) | (0.56) | (4.77) | (5.40) |
Net asset value, end of period | $54.86 | $65.89 | $56.59 | $49.90 | $54.41 |
Total return(2) | (5.69)% | 17.91% | 14.81% | 0.12% | 14.24% |
Net assets, end of period (in thousands) | $1,372,808 | $1,549,599 | $1,406,708 | $1,434,021 | $1,601,161 |
Average net assets for the period (in thousands) | $1,449,521 | $1,404,624 | $1,315,724 | $1,501,230 | $1,635,538 |
Ratio of gross expenses to average net assets | 0.82% | 0.82% | 0.82% | 0.84% | 0.85% |
Ratio of net expenses to average net assets | 0.82% | 0.82% | 0.82% | 0.84% | 0.85% |
Ratio of net investment income/(loss) to average net assets | 0.48% | 0.20% | 0.36% | 0.30% | (0.07)% |
Portfolio turnover rate | 36% | 46% | 38% | 41% | 47% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
129 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.76 | $11.35 | $10.97 | $10.53 | $11.04 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.20 | 0.20 | 0.20 | 0.22 | 0.19 |
Net gain/(loss) on investments (both realized and unrealized) | 1.73 | 0.69 | 0.66 | 0.96 | (0.30) |
Total from investment operations | 1.93 | 0.89 | 0.86 | 1.18 | (0.11) |
Less distributions: | |||||
Dividends from net investment income | (0.38) | (0.48) | (0.37) | (0.36) | (0.23) |
Distributions from capital gains | (0.22) | — | (0.11) | (0.38) | (0.17) |
Total distributions | (0.60) | (0.48) | (0.48) | (0.74) | (0.40) |
Net asset value, end of period | $13.09 | $11.76 | $11.35 | $10.97 | $10.53 |
Total return(2) | 17.31% | 7.98% | 8.26% | 11.78% | (1.17)% |
Net assets, end of period (in thousands) | $46,239 | $36,579 | $35,330 | $39,123 | $39,506 |
Average net assets for the period (in thousands) | $39,590 | $35,963 | $36,226 | $38,712 | $45,814 |
Ratio of gross expenses to average net assets | 1.16% | 1.08% | 0.98% | 1.08% | 1.13% |
Ratio of net expenses to average net assets | 1.16% | 1.08% | 0.98% | 1.08% | 1.13% |
Ratio of net investment income/(loss) to average net assets | 1.65% | 1.75% | 1.87% | 2.07% | 1.68% |
Portfolio turnover rate | 61% | 78% | 72% | 18% | 22% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
130 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $84.93 | $75.50 | $63.68 | $59.84 | $62.54 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.88 | 0.82 | 0.69 | 0.63 | 0.52 |
Net gain/(loss) on investments (both realized and unrealized) | (0.21) (2) | 9.14 | 11.65 | 3.71 | (2.57) |
Total from investment operations | 0.67 | 9.96 | 12.34 | 4.34 | (2.05) |
Less distributions: | |||||
Dividends from net investment income | (0.63) | (0.53) | (0.52) | (0.50) | (0.65) |
Distributions from capital gains | (4.12) | — | — | — | — |
Total distributions | (4.75) | (0.53) | (0.52) | (0.50) | (0.65) |
Net asset value, end of period | $80.85 | $84.93 | $75.50 | $63.68 | $59.84 |
Total return(3) | 1.76% | 13.25% | 19.54% | 7.28% | (3.32)% |
Net assets, end of period (in thousands) | $1,493,928 | $1,564,083 | $1,461,778 | $1,321,668 | $1,326,990 |
Average net assets for the period (in thousands) | $1,463,525 | $1,527,522 | $1,362,959 | $1,315,214 | $1,485,766 |
Ratio of gross expenses to average net assets | 0.83% | 0.69% | 0.74% | 0.78% | 0.81% |
Ratio of net expenses to average net assets | 0.83% | 0.69% | 0.74% | 0.78% | 0.81% |
Ratio of net investment income/(loss) to average net assets | 1.13% | 1.02% | 1.01% | 1.04% | 0.79% |
Portfolio turnover rate | 35% | 32% | 48% | 45% | 51% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | This amount does not agree with the change in the aggregate gains and losses in the Fund’s securities for the year or period due to the timing of sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s securities. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
131 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $17.55 | $16.06 | $12.90 | $12.33 | $13.20 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.17 | 0.13 | 0.12 | 0.10 | 0.09 |
Net gain/(loss) on investments (both realized and unrealized) | (0.57) | 1.51 | 3.19 | 0.61 | (0.86) |
Total from investment operations | (0.40) | 1.64 | 3.31 | 0.71 | (0.77) |
Less distributions: | |||||
Dividends from net investment income | (0.09) | (0.15) | (0.15) | (0.14) | (0.10) |
Distributions from capital gains | (2.13) | — | — | — | — |
Total distributions | (2.22) | (0.15) | (0.15) | (0.14) | (0.10) |
Net asset value, end of period | $14.93 | $17.55 | $16.06 | $12.90 | $12.33 |
Total return(2) | (0.51)% | 10.22% | 25.91% | 5.77% | (5.90)% |
Net assets, end of period (in thousands) | $1,493,415 | $1,615,089 | $1,560,200 | $1,353,449 | $1,403,376 |
Average net assets for the period (in thousands) | $1,479,323 | $1,629,405 | $1,427,056 | $1,358,987 | $1,615,199 |
Ratio of gross expenses to average net assets | 0.85% | 0.84% | 0.86% | 0.88% | 0.87% |
Ratio of net expenses to average net assets | 0.85% | 0.84% | 0.86% | 0.88% | 0.87% |
Ratio of net investment income/(loss) to average net assets | 1.15% | 0.75% | 0.87% | 0.78% | 0.68% |
Portfolio turnover rate | 30% | 41% | 42% | 58% | 62% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
132 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $37.14 | $29.69 | $24.50 | $21.11 | $24.49 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.01 | — (2) | — (2) | — (2) | 0.04 |
Net gain/(loss) on investments (both realized and unrealized) | 2.40 | 8.63 | 7.43 | 5.11 | 0.46 |
Total from investment operations | 2.41 | 8.63 | 7.43 | 5.11 | 0.50 |
Less distributions: | |||||
Dividends from net investment income | (0.04) | — (2) | — | (0.08) | (0.03) |
Distributions from capital gains | (1.89) | (1.18) | (2.24) | (1.64) | (3.85) |
Total distributions | (1.93) | (1.18) | (2.24) | (1.72) | (3.88) |
Net asset value, end of period | $37.62 | $37.14 | $29.69 | $24.50 | $21.11 |
Total return(3) | 7.91% | 29.84% | 32.12% | 25.41% | 1.87% |
Net assets, end of period (in thousands) | $1,603,112 | $1,570,846 | $1,147,818 | $805,754 | $669,625 |
Average net assets for the period (in thousands) | $1,501,953 | $1,400,342 | $958,246 | $716,771 | $727,258 |
Ratio of gross expenses to average net assets | 0.83% | 0.83% | 0.85% | 0.88% | 0.90% |
Ratio of net expenses to average net assets | 0.83% | 0.83% | 0.85% | 0.88% | 0.90% |
Ratio of net investment income/(loss) to average net assets | 0.03% | 0.01% | (0.01)% | 0.00% (4) | 0.20% |
Portfolio turnover rate | 36% | 20% | 30% | 42% | 39% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | Less than $0.005 on a per share basis. |
(3) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
(4) | Less than 0.005%. |
133 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $15.34 | $14.97 | $13.40 | $13.27 | $14.77 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.32 | 0.29 | 0.26 | 0.26 | 0.25 |
Net gain/(loss) on investments (both realized and unrealized) | (0.10) | 0.49 | 1.59 | 0.53 | (0.90) |
Total from investment operations | 0.22 | 0.78 | 1.85 | 0.79 | (0.65) |
Less distributions: | |||||
Dividends from net investment income | (0.29) | (0.34) | (0.28) | (0.28) | (0.28) |
Distributions from capital gains | (0.91) | (0.07) | — | (0.38) | (0.57) |
Total distributions | (1.20) | (0.41) | (0.28) | (0.66) | (0.85) |
Net asset value, end of period | $14.36 | $15.34 | $14.97 | $13.40 | $13.27 |
Total return(2) | 2.28% | 5.26% | 14.07% | 6.13% | (4.70)% |
Net assets, end of period (in thousands) | $79,366 | $85,907 | $88,374 | $84,954 | $88,437 |
Average net assets for the period (in thousands) | $81,432 | $88,359 | $85,659 | $87,657 | $98,108 |
Ratio of gross expenses to average net assets | 0.81% | 0.80% | 0.80% | 0.82% | 0.85% |
Ratio of net expenses to average net assets | 0.81% | 0.80% | 0.80% | 0.82% | 0.85% |
Ratio of net investment income/(loss) to average net assets | 2.26% | 1.92% | 1.85% | 1.96% | 1.77% |
Portfolio turnover rate | 22% | 21% | 29% | 20% | 25% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
134 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $29.06 | $29.51 | $29.08 | $28.47 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.29 | 0.37 | 0.12 | 0.03 |
Net gain/(loss) on investments (both realized and unrealized) | (1.67) | (0.40) | 0.31 | 0.58 |
Total from investment operations | (1.38) | (0.03) | 0.43 | 0.61 |
Less distributions: | ||||
Dividends from net investment income | (0.51) | (0.42) | — | — |
Distributions from capital gains | (3.17) | — | — | — |
Total distributions | (3.68) | (0.42) | — | — |
Net asset value, end of period | $24.00 | $29.06 | $29.51 | $29.08 |
Total return(4) | (2.90)% (5) | (0.15)% | 1.48% | 2.14% |
Net assets, end of period (in thousands) | $2,257 | $3,002 | $2,187 | $1,723 |
Average net assets for the period (in thousands) | $2,483 | $3,163 | $1,914 | $1,119 |
Ratio of gross expenses to average net assets(6) | 1.59% | 1.16% | 1.08% | 1.39% |
Ratio of net expenses to average net assets(6) | 1.13% | 1.10% | 1.08% | 1.06% |
Ratio of net investment income/(loss) to average net assets(6) | 1.20% | 1.25% | 2.43% | 0.59% |
Portfolio turnover rate | 45% | 56% | 5% | 51% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class D Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Total return without the effect of affiliated payments would have been (2.94)%. Please see Note 3 in the Notes to the Financial Statements of the Annual Report. |
(6) | Annualized for periods of less than one full year. |
135 | Janus Investment Fund |
Years
or Period ended September 30 |
Period
ended July 31 2017(2) | |||
2019 | 2018 | 2017 (1) | ||
Net asset value, beginning of period | $12.37 | $13.27 | $12.73 | $12.15 |
Income from investment operations: | ||||
Net investment income/(loss)(3) | 0.22 | 0.29 | 0.04 | 0.01 |
Net gain/(loss) on investments (both realized and unrealized) | (1.82) | (0.43) | 0.50 | 0.57 |
Total from investment operations | (1.60) | (0.14) | 0.54 | 0.58 |
Less distributions: | ||||
Dividends from net investment income | (0.27) | (0.07) | — | — |
Distributions from capital gains | (0.11) | (0.69) | — | — |
Total distributions | (0.38) | (0.76) | — | — |
Net asset value, end of period | $10.39 | $12.37 | $13.27 | $12.73 |
Total return(4) | (12.61)% | (1.37)% | 4.24% | 4.77% |
Net assets, end of period (in thousands) | $3,062 | $4,234 | $1,147 | $263 |
Average net assets for the period (in thousands) | $3,353 | $5,055 | $737 | $84 |
Ratio of gross expenses to average net assets(5) | 3.77% | 3.08% | 3.16% | 7.60% |
Ratio of net expenses to average net assets(5) | 1.19% | 1.23% | 1.22% | 1.19% |
Ratio of net investment income/(loss) to average net assets(5) | 2.06% | 2.16% | 2.13% | 0.55% |
Portfolio turnover rate | 72% | 119% | 18% | 69% |
(1) | Period August 1, 2017 through September 30, 2017. The Fund changed its fiscal year end from July 31 to September 30. |
(2) | Period June 5, 2017 (commencement of Class D Shares) through July 31, 2017. |
(3) | Per share amounts are calculated using the average shares outstanding method. |
(4) | Total return includes adjustments in accordance with generally accepted accounting principles required at the year or period end and are not annualized for periods of less than one full year. |
(5) | Annualized for periods of less than one full year. |
136 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $11.26 | $11.52 | $10.45 | $10.24 | $11.40 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.24 | 0.23 | 0.20 | 0.23 | 0.16 |
Net gain/(loss) on investments (both realized and unrealized) | (0.77) | (0.14) | 1.21 | 0.30 | (0.83) |
Total from investment operations | (0.53) | 0.09 | 1.41 | 0.53 | (0.67) |
Less distributions: | |||||
Dividends from net investment income | (0.26) | (0.22) | (0.24) | (0.25) | (0.21) |
Distributions from capital gains | (0.63) | (0.13) | (0.10) | (0.07) | (0.28) |
Total distributions | (0.89) | (0.35) | (0.34) | (0.32) | (0.49) |
Net asset value, end of period | $9.84 | $11.26 | $11.52 | $10.45 | $10.24 |
Total return(2) | (4.07)% | 0.73% | 14.04% | 5.35% | (5.98)% |
Net assets, end of period (in thousands) | $3,562 | $3,815 | $3,498 | $2,568 | $2,492 |
Average net assets for the period (in thousands) | $3,603 | $3,893 | $2,992 | $2,508 | $2,450 |
Ratio of gross expenses to average net assets | 1.71% | 1.48% | 1.85% | 2.48% | 2.14% |
Ratio of net expenses to average net assets | 1.02% | 1.02% | 1.04% | 1.12% | 1.16% |
Ratio of net investment income/(loss) to average net assets | 2.44% | 2.00% | 1.93% | 2.27% | 1.44% |
Portfolio turnover rate | 14% | 23% | 24% | 22% | 12% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
137 | Janus Investment Fund |
Years ended September 30 | |||||
2019 | 2018 | 2017 | 2016 | 2015 | |
Net asset value, beginning of period | $32.12 | $31.92 | $26.57 | $27.06 | $35.23 |
Income from investment operations: | |||||
Net investment income/(loss)(1) | 0.63 | 0.47 | 0.49 | 0.34 | 0.26 |
Net gain/(loss) on investments (both realized and unrealized) | (1.78) | 0.34 | 5.19 | 0.44 | (8.08) |
Total from investment operations | (1.15) | 0.81 | 5.68 | 0.78 | (7.82) |
Less distributions: | |||||
Dividends from net investment income | (0.31) | (0.61) | (0.33) | (1.27) | (0.35) |
Total distributions | (0.31) | (0.61) | (0.33) | (1.27) | (0.35) |
Net asset value, end of period | $30.66 | $32.12 | $31.92 | $26.57 | $27.06 |
Total return(2) | (3.46)% | 2.52% | 21.72% | 2.80% | (22.31)% |
Net assets, end of period (in thousands) | $587,147 | $687,846 | $731,578 | $677,594 | $754,735 |
Average net assets for the period (in thousands) | $605,377 | $738,059 | $677,837 | $703,900 | $965,442 |
Ratio of gross expenses to average net assets | 0.79% | 0.68% | 0.62% | 0.58% | 0.60% |
Ratio of net expenses to average net assets | 0.79% | 0.68% | 0.62% | 0.58% | 0.60% |
Ratio of net investment income/(loss) to average net assets | 2.11% | 1.42% | 1.75% | 1.31% | 0.79% |
Portfolio turnover rate | 22% | 23% | 39% | 85% | 40% |
(1) | Per share amounts are calculated using the average shares outstanding method. |
(2) | The return includes adjustments in accordance with generally accepted accounting principles required at period end date. |
138 | Janus Investment Fund |
Equity and Debt Securities |
139 | Janus Investment Fund |
140 | Janus Investment Fund |
Futures, Options, and Other Derivatives |
141 | Janus Investment Fund |
142 | Janus Investment Fund |
Other Investments, Strategies, and/or Techniques |
143 | Janus Investment Fund |
144 | Janus Investment Fund |