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 3/27/15 )$11.62
Total Net Assets (As of 2/28/15)$292.62M
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 1.18%
NET 1.18%

Yields

Distribution Yield at NAV (As of 12/31/14)

1.81%
30 Day SEC Yield (As of 2/28/15)
with waivers
without waivers

1.45%
1.45%
Distribution FrequencyQuarterly
Performance (As of 12/31/14)
1 Year14.09%
3 Year17.06%
5 Year10.90%
Since Inception4.38%
Morningstar (As of 2/28/15)
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.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/16.

Data as of 2/28/15. Index represents the FTSE EPRA/NAREIT Global Index.

TOP HOLDINGS (% of Fund)

Chatham Lodging Trust 3.42
Kennedy-Wilson Holdings, Inc. 2.95
American Tower Corp. 2.66
Simon Property Group, Inc. 2.35
Kennedy Wilson Europe Real Estate PLC 2.34
CapitaLand, Ltd. 2.04
St Joe Co. 1.90
Hang Lung Properties, Ltd. 1.82
Ventas, Inc. 1.67
Brookfield Infrastructure Partners LP 1.67
TOTAL22.82

CHARACTERISTICS

Number of Holdings
Equity Issues

113
Market Capitalization
Weighted Average
Median

$8.98B
$2.76B
Portfolio Turnover Ratio
(1-year trailing)

16.43%
Price/Earnings Ratio
(1-year forward)

32.60
Price/Book Ratio
(1-year forward)

1.79
Earnings Growth Rate
(1-year forward)

1.77%

MONTHLY TOP EQUITY
CONTRIBUTORS & DETRACTORS

CONTRIBUTORS
Countrywide PLC
Mitsubishi Estate Co., Ltd.
Brookfield Infrastructure Partners LP
Kennedy Wilson Europe Real Estate PLC
NorthStar Asset Management Group, Inc., New York
DETRACTORS
Chatham Lodging Trust
Janus Aspen Balanced Portfolio - Institutional Shares
Ventas, Inc.
Digital Realty Trust, Inc.
Simon Property Group, Inc.

SECTOR ALLOCATION (%)

FUND INDEX 
Financials 82.58 99.64
 
 
Consumer Discretionary 6.66 0.32
 
 
Utilities 1.67 -
 
Energy 0.93 -
 
Health Care 0.92 0.03
 
 
Information Technology 0.75 -
 
Industrials 0.70 -
 
Materials 0.08 -
 
Cash & Equivalents 5.72 -
 

DEVELOPED VS. EMERGING MARKET EXPOSURE (%)

FUNDINDEX
U.S. 51.52 46.83
Non-U.S. Developed 37.42 43.08
Non-U.S. Emerging 5.34 10.08
Cash & Equivalents 5.72 -

REGIONS (%)

FUNDINDEX
North America 55.87 49.63
Asia/Pacific Ex Japan 15.46 21.27
Europe 11.98 14.90
Japan 7.72 10.30
Latin America 3.26 1.43
Cash & Equivalents 5.72 -

TOP INDUSTRIES (%)

FUNDINDEX
Diversified Real Estate Activities 11.34 11.38
Office REITs 10.02 11.82
Diversified REITs 8.97 12.56
Real Estate Operating Companies 7.79 8.55
Retail REITs 7.42 22.09
Real Estate Services 6.58 -
Industrial REITs 5.70 4.52
Hotel & Resort REITs 5.61 3.85
Residential REITs 5.43 8.71
Specialized REITs 4.56 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS (% of Fund)

$50 Billion to $100 Billion 2.49
$10 Billion to $50 Billion 23.29
$5 Billion to $10 Billion 10.56
$1 Billion to $5 Billion 45.42
$500 Million to $1 Billion 9.31
$250 Million to $500 Million 5.51
$100 Million to $250 Million 1.97
N/A 1.45

COUNTRIES (%)

FUNDINDEX
United States 51.52 46.83
Japan 7.72 10.30
United Kingdom 6.54 5.62
Hong Kong 5.03 6.48
Australia 4.65 5.38
Singapore 4.62 3.17
Canada 3.43 2.80
Germany 2.82 2.12
Mexico 2.60 0.69
Austria 1.53 -
Bermuda 0.93 -
China 0.73 3.63
Brazil 0.66 0.67
France 0.55 3.38
Spain 0.53 -
India 0.24 -
Taiwan, Province Of China 0.18 -
Cash & Equivalents 5.72 -

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.