Janus Overseas Fund (JAOSX)

Opportunistic International Growth Equities

SHARE CLASS

FUND FACTS (JAOSX)

Inception Date5/2/1994
NAV (As of 9/3/15 )$28.20
Total Net Assets (As of 7/31/15)$2.60B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.68%
NET 0.68%

Performance (As of 6/30/15)
1 Year-12.88%
3 Year4.79%
5 Year-0.94%
10 Year6.59%
Morningstar (As of 7/31/15)
CategoryForeign Large Blend
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 - Q2 2015

EXECUTIVE SUMMARY

We believe we remain in a defensive-oriented investment environment.

The Fund outperformed its benchmark this quarter, due in large part to strong stock selection in the energy sector.

The Fund remains aggressively positioned toward strong companies with extremely attractive valuations and long-term earnings potential, in our view.

FUND MANAGEMENT

Brent Lynn, CFA

Brent Lynn, CFA

Fund Manager since 2001
Industry since 1991