Janus Global Real Estate Fund (JERTX)

Investing Globally in Real Estate for Growth and Income

SHARE CLASS

FUND FACTS (JERTX)

Inception Date11/28/2007
NAV (As of 2/8/16 )$9.08
Total Net Assets (As of 12/31/15)$260.00M
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 1.18%
NET 1.18%

Yields

Distribution Yield at NAV (As of 12/31/15)

3.38%
30 Day SEC Yield (As of 1/31/16)
with waivers
without waivers

2.16%
2.16%
Distribution FrequencyQuarterly
Performance (As of 12/31/15)
1 Year-2.06%
3 Year5.93%
5 Year6.33%
Since Inception3.57%
Morningstar (As of 1/31/16)
CategoryGlobal Real Estate
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 - Q4 2015

EXECUTIVE SUMMARY

The real estate sector enjoyed solid returns for the fourth quarter, though the gain still left the FTSE EPRA/NAREIT Global Index roughly flat for the calendar year.

The Fund underperformed its benchmark during the quarter.

Our investment approach has led our Fund to look quite different from its benchmark index. We plan to stick to this approach in 2016.

FUND MANAGEMENT

Patrick Brophy

Patrick Brophy

Fund Manager since 2007
Industry since 1990