Janus Global Real Estate Fund (JERIX)

Investing Globally in Real Estate for Growth and Income

SHARE CLASS

FUND FACTS (JERIX)

Inception Date11/28/2007
NAV (As of 4/28/17)$10.81
Total Net Assets (As of 3/31/17)$209.72M
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.98%
NET 0.98%

Morningstar Fee Level
(As of 3/31/17)
Fee Level Group
(out of 390 funds)
Specialty Institutional

Yields

Distribution Yield at NAV (As of 3/31/17)

3.58%
30 Day SEC Yield (As of 3/31/17)
with waivers
without waivers

2.46%
2.46%
Distribution FrequencyQuarterly
Performance (As of 3/31/17)
1 Year5.96%
3 Year4.90%
5 Year7.95%
Since Inception4.63%
Morningstar (As of 3/31/17)
CategoryUS Fund Global Real Estate
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

185 Funds Rated
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 2/1/18.

Quarterly Commentary - Q1 2017

EXECUTIVE SUMMARY

Global real estate stocks delivered gains during the quarter.

The Fund outperformed its benchmark. Contributing most to performance was our average underweight to retail real estate investment trusts (REITs), as well as stock selection in specialized REITs.

Although real estate has lagged the broader market so far in 2017, we believe concerns that have weighed on the sector, particularly rising interest rates, now look less threatening.

FUND MANAGEMENT

Patrick Brophy

Patrick Brophy

Fund Manager since 2007
Industry since 1990