Janus High-Yield Fund (JAHYX)

Core High-Yield Fixed Income

SHARE CLASS

FUND FACTS (JAHYX)

Inception Date12/29/1995
NAV (As of 5/2/16)$8.14
Total Net Assets (As of 3/31/16)$1.89B
Annual Expense Ratio
(As of fiscal year end 6/30/15)
GROSS 0.87%
NET 0.87%

Yields

Distribution Yield at NAV (As of 4/30/16)

5.86%
30 Day SEC Yield (As of 3/31/16)
with waivers
without waivers

6.03%
6.03%
Distribution FrequencyMonthly
Performance (As of 3/31/16)
1 Year-1.86%
3 Year2.02%
5 Year4.46%
10 Year6.37%
Morningstar (As of 3/31/16)
CategoryHigh Yield Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

646 Funds Rated
Fixed Income
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.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/16.

PERFORMANCE View Time Period:
As of 5/2/16As of 4/30/16As of 3/31/16As of 3/31/16
Inception: Dec 29, 1995
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$8.14-0.11%4.46%-0.68%2.15%4.61%6.50%7.38%-1.86%2.02%4.46%6.37%7.30%-1.86%6.19%24.37%85.35%316.39%
Barclays U.S. Corporate High Yield Bond Index7.41%-1.12%2.54%5.41%7.35%6.84%-3.69%1.84%4.93%7.01%6.84%-3.69%5.63%27.21%96.83%281.60%

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.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/16.

Annual Expense Ratio: Gross: 0.87% / Net: 0.87% View Fees and Expenses

RISK STATISTICS
VS. Barclays U.S. Corporate High Yield Bond Index
AS OF 3/31/16

VIEW RISK STATISTICS DEFINITIONS

Alpha
Compares the risk-adjusted performance of a portfolio to a benchmark index.
Beta
A measure of the volatility of a portfolio in comparison to a benchmark index.
R-Squared
Represents the percentage of the portfolio’s performance that can be explained by the general movements of a benchmark index.
Standard Deviation
Measures historical volatility.
Sharpe Ratio
Measures risk-adjusted performance by dividing the portfolio’s excess returns by the standard deviation of those returns.
Information Ratio
Measure of a portfolio management’s performance against risk and return relative to a benchmark or alternative measure.
FUNDINDEX
Alpha0.480.04N/AN/A
Beta0.830.901.001.00
R-Squared (%)92.5595.63100.00100.00
Standard Deviation5.095.975.936.51
Sharpe Ratio0.390.740.300.75
Information Ratio0.10-0.33----

Statistics are for the Fund’s “parent” share class (typically that with the longest history).

MORNINGSTAR PERCENTILEView Time Period:
As of 3/31/16As of 3/31/16
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)232933242232933242
High Yield Bond Category
Rank/Count
177 / 792207 / 723208 / 625124 / 5295 / 239177 / 792207 / 723208 / 625124 / 5295 / 239

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 3/31/163 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus High-Yield Fund89.44%85.73%90.52%91.54%
Barclays U.S. Corporate High Yield Bond Index100.00%100.00%100.00%100.00%

Statistics are for the Fund’s “parent” share class (typically that with the longest history).

ANNUAL FEES & EXPENSES

AS OF FISCAL YEAR END 6/30/2015
CLASS T SHARES
Management Fees0.56%
12b-1 FeesN/A
Other Expenses0.31%
Total Gross Expenses0.87%
Waivers0.00%
TOTAL NET EXPENSES0.87%