Janus High-Yield Fund (JAHYX)
Core High-Yield Fixed Income

SHARE CLASS

FUND FACTS (JAHYX)

Inception Date12/29/1995
NAV (As of 2/27/15 )$8.68
Total Net Assets (As of 1/31/15)$2.10B
Annual Expense Ratio
(As of fiscal year end 6/30/14)
GROSS 0.87%
NET 0.87%

Yields

Distribution Yield at NAV (As of 2/28/15)

5.77%
30 Day SEC Yield (As of 1/31/15)
with waivers
without waivers

6.19%
6.19%
Distribution FrequencyMonthly
Performance (As of 12/31/14)
1 Year0.69%
3 Year7.29%
5 Year8.08%
10 Year6.85%
Morningstar (As of 1/31/15)
CategoryHigh Yield Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

589 Funds Rated
Analyst RatingBronze
Equity
Style Box
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.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/15.

PERFORMANCE View Time Period:
As of 2/27/15As of 2/28/15As of 12/31/14As of 12/31/14
Inception: Dec 29, 1995
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$8.680.13%2.87%0.70%6.42%8.57%7.01%7.84%0.69%7.29%8.08%6.85%7.75%0.69%23.51%47.49%93.97%312.94%
Barclays U.S. Corporate High-Yield Bond Index3.09%N/AN/AN/AN/A7.38%2.45%8.43%9.03%7.74%7.37%2.45%27.49%54.08%110.71%286.49%

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 11/1/15.

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

RISK STATISTICS
VS. Barclays U.S. Corporate High-Yield Bond Index

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
Alpha-0.94-0.68N/AN/A
Beta0.991.001.001.00
R-Squared (%)96.4797.84100.00100.00
Standard Deviation4.366.384.346.30
Sharpe Ratio1.471.271.741.40
Information Ratio-1.36-0.77----

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

MORNINGSTAR PERCENTILE View Time Period:
As of 12/31/14As of 1/31/15
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)605733301666044303
High Yield Bond Category
Rank/Count
460 / 768386 / 671201 / 603155 / 5231 / 1506 / 767394 / 657261 / 589153 / 5116 / 242

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 1/31/153 YR UP MARKET
CAPTURE
3 YR DOWN MARKET
CAPTURE
5 YR UP MARKET
CAPTURE
5 YR DOWN MARKET
CAPTURE
Janus High-Yield Fund92.56%107.26%96.89%104.91%
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 6/30/2014
CLASS T SHARES
Management Fees0.56%
12b-1 FeesN/A
Other Expenses0.31%
Total Gross Expenses0.87%
Waivers0.00%
TOTAL NET EXPENSES0.87%