Janus Forty Fund (JACTX)

High-Conviction Large-Cap Growth Equities



Inception Date5/1/1997
NAV (As of 11/27/15 )$33.79
Total Net Assets (As of 10/31/15)$2.38B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.77%
NET 0.77%

Performance (As of 9/30/15)
1 Year11.10%
3 Year14.52%
5 Year13.38%
10 Year8.19%
Morningstar (As of 10/31/15)
CategoryLarge Growth
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 2/1/16.

Client Commitment

Concentrated large cap growth fund, leveraging Janus’ nearly three decades of experience in high-conviction investing. By investing in our best wide-moat ideas, the Fund seeks to add excess returns over the long-term. Given its concentrated nature, the Fund may exhibit moderately higher volatility than its benchmark.

Client Commitment Video

Why Invest in the Fund


Fundamental research driven approach, investing with conviction in 20 to 40 of our best large cap growth ideas where we believe we have a differentiated view from the market.


Seeks companies with sustainable competitive advantages that capitalize on their competitive moat to grow market share globally over a multi-year period. Emphasizes dominant companies driving innovation and change through disruptive technologies, products or business models.


Stock-picker's fund designed to deliver long-term growth of capital with a high conviction approach. Seeks to use risk wisely, leveraging our best ideas in a concentrated portfolio to drive potential outperformance of the index over time.


High-Conviction Active Approach Delivered Top Quartile Total Returns Over the Long Term
Janus Forty Fund vs Morningstar Large Growth Peers as of 9/30/15
Over the last 10 years, the Janus Forty Fund delivered top-quartile risk-adjusted returns, as measured by alpha, through a high conviction stock selection process.
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. Higher active share may present increased risk of volatility and does not protect against loss. Active Share is a measure of the percentage of holdings in a portfolio that differ from its benchmark index.


Doug Rao

Doug Rao

Fund Manager since 2013
Industry since 1998


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Learn how Janus Forty portfolio manager, Douglas Rao, took advantage of recent market volatility to strengthen certain portfolio positions and enter new ones.


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