Janus Global Select Fund (JORNX)
Global All-Cap Equities

SHARE CLASS

FUND FACTS (JORNX)

Inception Date6/30/2000
NAV (As of 3/30/15 )$14.09
Total Net Assets (As of 2/28/15)$2.28B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.93%
NET 0.93%

Performance (As of 12/31/14)
1 Year6.88%
3 Year12.25%
5 Year6.88%
10 Year7.49%
Morningstar (As of 2/28/15)
CategoryWorld Stock
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.

Quarterly Commentary - Q4 2014

EXECUTIVE SUMMARY

Despite being marked by volatility, collapsing energy prices and global growth concerns, global equities rallied partly on the back of strong actions by central banks.

The Fund outperformed its benchmark, driven in part by our selection of industrials and materials stocks.

Our utilities and consumer discretionary holdings detracted most from relative performance.

We expect U.S. growth to provide an offset for slowergrowing economies while increased volatility should benefit stock-picking strategies.

FUND MANAGEMENT

George Maris, CFA

Fund Manager since 2012
Industry since 1998