Janus Contrarian Fund (JCONX)

Investing Opportunistically in Non-Consensus Equity Ideas

SHARE CLASS

FUND FACTS (JCONX)

Inception Date2/29/2000
NAV (As of 5/26/17)$20.09
Total Net Assets (As of 4/30/17)$2.83B
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.63%
NET 0.63%

Morningstar Fee Level
(As of 4/30/17)
Fee Level Group
(out of 416 funds)
Mid Cap Institutional

Performance (As of 3/31/17)
1 Year15.17%
3 Year2.58%
5 Year11.11%
10 Year3.88%
Morningstar (As of 4/30/17)
CategoryUS Fund Mid-Cap 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.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/18.

EXECUTIVE SUMMARY

U.S. stocks experienced strong gains during the period.

Our portfolio underperformed the benchmark this quarter.

We believe a few equity market dynamics warrant caution in the months ahead.

FUND MANAGEMENT

Dan Kozlowski

Daniel R. Kozlowski, CFA

Fund Manager since 2011
Industry since 1999