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

SHARE CLASS

FUND FACTS (JACTX)

Inception Date5/1/1997
NAV (As of 3/3/15 )$32.25
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.

Data as of 1/31/15. Index represents the Russell 1000® Growth Index.

TOP HOLDINGS (% of Fund)

Endo International PLC 4.99
Lowe's Cos., Inc. 4.81
Valeant Pharmaceuticals International, Inc. (U.S. Shares) 4.31
Google, Inc. - Class C 3.79
Salesforce.com, Inc. 3.58
TOTAL21.48

CHARACTERISTICS

Number of Holdings
Equity Issues

41
Market Capitalization
Weighted Average
Median

$80.59B
$35.62B
Portfolio Turnover Ratio
(1-year trailing)

40.28%
Price/Earnings Ratio
(1-year forward)

31.61
Price/Book Ratio
(1-year forward)

7.60
Earnings Growth Rate
(1-year forward)

18.76%

MONTHLY TOP EQUITY
CONTRIBUTORS & DETRACTORS

CONTRIBUTORS
Pharmacyclics, Inc.
Endo International PLC
Valeant Pharmaceuticals International, Inc. (U.S. Shares)
Biogen Idec, Inc.
Amazon.com, Inc.
DETRACTORS
Precision Castparts Corp.
Alibaba Group Holding, Ltd. (ADR)
Priceline Group, Inc.
Canadian Pacific Railway, Ltd. (U.S. Shares)
Comcast Corp. - Class A

SECTOR ALLOCATION (%)

FUND INDEX 
Information Technology 27.34 28.11
 
 
Health Care 22.77 14.68
 
 
Consumer Discretionary 22.74 18.50
 
 
Financials 11.11 5.33
 
 
Industrials 9.66 12.04
 
 
Materials 3.66 3.96
 
 
Telecommunication Services 1.29 2.14
 
 
Energy 0.54 4.43
 
 
Cash & Equivalents 0.89 -
 

DEVELOPED VS. EMERGING MARKET EXPOSURE (%)

FUNDINDEX
U.S. 85.41 99.77
Non-U.S. Developed 9.42 0.19
Non-U.S. Emerging 4.28 0.04
Cash & Equivalents 0.89 -

REGIONS (%)

FUNDINDEX
North America 92.45 99.95
Asia/Pacific Ex Japan 4.28 -
Europe 2.38 0.01
Cash & Equivalents 0.89 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS (%)

FUNDINDEX
Over $100 Billion 15.95 37.44
$50 Billion to $100 Billion 27.92 17.49
$10 Billion to $50 Billion 48.51 32.62
$5 Billion to $10 Billion 7.62 8.98

Equity country, regional, sector and industry weights based on MSCI and GICS classifications. Fixed income country, regional, sector and industry weights based on Barclays classifications.