Janus Forty Fund (JACTX)
High-Conviction Large-Cap Growth Equities

SHARE CLASS

FUND FACTS (JACTX)

Inception Date5/1/1997
NAV (As of 2/27/15 )$32.14
Total Net Assets (As of 1/31/15)$2.31B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.77%
NET 0.77%

Performance (As of 12/31/14)
1 Year8.81%
3 Year21.19%
5 Year11.85%
10 Year9.06%
Morningstar (As of 1/31/15)
CategoryLarge Growth
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.

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

HIGH CONVICTION APPROACH

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.

INNOVATIVE WIDE-MOAT COMPANIES

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 SELECTION DRIVES RETURN

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.

Results

High-Conviction Approach with Top-Quartile Risk-Adjusted Returns Over Time
10-Year Alpha (1/1/05 - 12/31/14)
Alpha compares the risk-adjusted performance of a portfolio to a benchmark index. A positive alpha means the portfolio has outperformed the index on arisk-adjusted basis.
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

Doug Rao

Fund Manager since 2013
Industry since 1994

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