Janus Global Technology Fund (JAGTX)
Investing in Companies that Benefit from Technology Innovation

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FUND FACTS (JAGTX)

Inception Date12/31/1998
NAV (As of 5/4/15 )$22.99
Total Net Assets (As of 4/30/15)$1.13B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.95%
NET 0.95%

Performance (As of 3/31/15)
1 Year13.35%
3 Year15.04%
5 Year14.31%
10 Year11.24%
Morningstar (As of 3/31/15)
CategoryTechnology
Overall Rating™
(Based on risk-adjusted returns)

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194 Funds Rated
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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.

Quarterly Commentary - Q1 2015

EXECUTIVE SUMMARY

Technology stocks gained over the quarter, largely paced by sector heavyweight Apple.

The Fund outperformed its benchmark, led by our selection of semiconductor and Internet retail stocks.

Internet software and services, along with an out-of benchmark position in consumer finance, detracted from relative results.

We are attracted to several rapidly growing companies offering novel products and services, yet are mindful of valuations,which may have gotten ahead of fundamentals.

FUND MANAGEMENT

Brad Slingerlend, CFA

Fund Manager since 2011
Industry since 1998

Brinton Johns

Fund Manager since 2014
Industry since 2000