2015 Lipper Award
Janus Contrarian Fund (JSVAX)
Investing Opportunistically in Non-Consensus Equity Ideas

SHARE CLASS

FUND FACTS (JSVAX)

Inception Date2/29/2000
NAV (As of 4/17/15 )$21.94
Total Net Assets (As of 3/31/15)$4.57B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.89%
NET 0.89%

Performance (As of 3/31/15)
1 Year12.71%
3 Year20.78%
5 Year11.90%
10 Year9.32%
Morningstar (As of 3/31/15)
CategoryLarge Blend
Equity
Style Box

Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold. For the most recent month-end performance click here.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/16.

2015 Lipper Award Winner: Janus Contrarian Fund

Janus Contrarian Fund uncovers growth opportunities by hunting for companies at the sweet spot of change. Watch the video to dig into our unique approach.

2015 Lipper Award - Janus Contrarian Fund Video

Client Commitment

A U.S. centric equity fund, unconstrained by cap and style, investing opportunistically in non-consensus ideas. Through deep fundamental analysis, we seek to identify underfollowed, underappreciated and undervalued companies undergoing significant, positive change at the company, industry or market sentiment level.

Why Invest in the Fund

AVOID CONSENSUS

We concentrate our research and analysis on evolving, misunderstood and controversial investment ideas where we have a differentiated view from the market. The approach aims to avoid stocks already well known and valued by the market.

AN OPPORTUNISTIC PORTFOLIO

The Fund seeks to capitalize on non-consensus equity investments unconstrained by market cap and style. We seek to be early to evolving investments.

CHANGE PRESENTS OPPORTUNITIES

The Fund offers exposure to securities undergoing changes at the company, industry or market sentiment level that we believe will positively impact the stock price. This approach aims to provide long-term risk-adjusted returns greater than broad equity markets.

Results

Taking a Differentiated View Helped Deliver Higher Quartile Total Returns vs. Majority of Peers
Janus Contrarian Fund vs. Morningstar Large Blend Peers as of 3/31/15
Past performance is no guarantee of future results. Based on the Fund’s “parent” share class (typically that with the longest history).Performance varies by share class.

FUND MANAGEMENT

Daniel R. Kozlowski, CFA

Fund Manager since 2011
Industry since 1999

FUND NEWS

Barron’s recognizes the Janus Contrarian Fund as a “high-profile fund” that is “back on a market-beating course.” (4/4/2015)

MORNINGSTAR TOOLS

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