Janus Fund (JANSX)

45+ Years of Traditional Large-Cap Growth Equities

SHARE CLASS

FUND FACTS (JANSX)

Inception Date2/5/1970
NAV (As of 7/22/16)$36.00
Total Net Assets (As of 6/30/16)$7.48B
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 0.87%
NET 0.87%

Performance (As of 6/30/16)
1 Year-2.08%
3 Year11.50%
5 Year9.99%
10 Year6.90%
Morningstar (As of 6/30/16)
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.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/17.

Quarterly Commentary - Q2 2016

EXECUTIVE SUMMARY

The market for U.S. large-cap stocks remained volatile in the second quarter.

The Fund underperformed its benchmarks during the period, largely due to several consumer stocks where concerns arose regarding how they would perform in a difficult economic environment.

We see significant potential in the market for large-cap growth stocks – a category that includes high-quality companies in growth areas such as cloud computing, software as a service, pharmaceuticals, and financial technology & analytics.

FUND MANAGEMENT

Barney Wilson

Barney Wilson

Fund Manager since 2011
Industry since 1997

Jean Galligan Barnard

Jean Galligan Barnard, CFA

Fund Manager since 2016
Industry since 1992