Janus International Equity Fund (JAITX)

Seeks International Quality Growth Equities

SHARE CLASS

FUND FACTS (JAITX)

Inception Date11/28/2006
NAV (As of 5/22/15 )$13.42
Total Net Assets (As of 4/30/15)$296.34M
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 1.00%
NET 1.00%

Performance (As of 3/31/15)
1 Year0.21%
3 Year8.15%
5 Year6.27%
Since Inception4.87%
Morningstar (As of 4/30/15)
CategoryForeign Large Growth
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 volatility early in the quarter gave way to solid returns in Europe and Japan.

Our selection of health care and information technology stocks were the largest relative contributors.

Our consumer discretionary and consumer staples holdings detracted most from relative returns.

We expect growth in 2015 to surprise to the upside,with gains driven by Chinese stimulus and European exports.

FUND MANAGEMENT

Julian McManus

Fund Manager since 2010
Industry since 1994

Guy Scott, CFA

Fund Manager since 2010
Industry since 1992

Carmel Wellso

Fund Manager since 2010
Industry since 1994