Janus Global Select Fund (JORNX)

Global, All-Cap Equities

SHARE CLASS

FUND FACTS (JORNX)

Inception Date6/30/2000
NAV (As of 6/30/15 )$14.16
Total Net Assets (As of 5/31/15)$2.32B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.93%
NET 0.93%

Performance (As of 3/31/15)
1 Year9.38%
3 Year7.47%
5 Year6.26%
10 Year7.88%
Morningstar (As of 5/31/15)
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 - Q1 2015

EXECUTIVE SUMMARY

Equity market volatility early in the quarter largely gave way to gains, especially in Europe and Japan.

The Fund outperformed its benchmark for the quarter,with merger and acquisition activity in the health care and information technology sectors fueling gains.

Our consumer discretionary and industrials holdings weighed most on relative performance.

We see the environment as conducive for stocks,with support coming from the U.S. consumer, European exporters and equities’ attractive valuation relative to other assets.

FUND MANAGEMENT

George Maris, CFA

Fund Manager since 2012
Industry since 1998