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

SHARE CLASS

FUND FACTS (JAGTX)

Inception Date12/31/1998
NAV (As of 3/4/15 )$23.00
Total Net Assets (As of 1/31/15)$1.07B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.95%
NET 0.95%

Performance (As of 12/31/14)
1 Year9.27%
3 Year20.79%
5 Year14.96%
10 Year10.15%
Morningstar (As of 1/31/15)
CategoryTechnology
Overall Rating™
(Based on risk-adjusted returns)

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194 Funds Rated
Equity
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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 - Q4 2014

EXECUTIVE SUMMARY

Global technology shares finished the quarter higher, driven in part by appetite for stocks in technology hardware and semiconductor companies.

The Fund outperformed its benchmark, with the applications software and IT consulting subsectors providing the most relative performance.

Our lack of exposure to data processing and outsourced services along with Internet retail detracted most from relative performance.

We believe the transition to cloud-based services should continue to accelerate in 2015, while management teams are also expected to continue the recent trends of returning capital to shareholders and pursuing attractive acquisition opportunities.

FUND MANAGEMENT

Brad Slingerlend, CFA

Fund Manager since 2011
Industry since 1998

Brinton Johns

Fund Manager since 2014
Industry since 2000