Janus Overseas Fund (JAOSX)
Opportunistic International Growth Equities

SHARE CLASS

FUND FACTS (JAOSX)

Inception Date5/2/1994
NAV (As of 4/27/15 )$34.33
Total Net Assets (As of 3/31/15)$2.75B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.68%
NET 0.68%

Performance (As of 3/31/15)
1 Year-13.97%
3 Year-3.68%
5 Year-4.55%
10 Year6.02%
Morningstar (As of 3/31/15)
CategoryForeign Large Blend
Analyst RatingBronze
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

Investors continued to prefer momentum-driven stocks during the quarter that exhibited the greatest near term earnings clarity.

The Fund’s energy and consumer discretionary holdings detracted most from relative performance.

Our selection of financial and material stocks contributed to relative returns.

The Fund remains aggressively positioned toward strong companies extremely attractive valuations and long-term earnings potential.

FUND MANAGEMENT

Brent Lynn, CFA

Fund Manager since 2001
Industry since 1991