Janus Overseas Fund (JAOSX)
Opportunistic International Growth Equities

SHARE CLASS

FUND FACTS (JAOSX)

Inception Date5/2/1994
NAV (As of 2/27/15 )$32.02
Total Net Assets (As of 1/31/15)$2.86B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.68%
NET 0.68%

Performance (As of 12/31/14)
1 Year-13.72%
3 Year2.83%
5 Year-2.71%
10 Year6.21%
Morningstar (As of 1/31/15)
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.

EXECUTIVE SUMMARY

Financial market volatility was acutely felt outside the U.S. with emerging markets also being punished by a strengthening U.S. dollar.

The Fund underperformed its benchmark, with our energy and consumer discretionary holdings being the largest relative detractors.

Our selection of industrial and technology stocks contributed most to relative performance.

Valuations are currently compelling in sectors in which we are overweight. Should stock prices remain low, they would likely see support by a boost in merger and acquisition activity.

FUND MANAGEMENT

Brent Lynn, CFA

Fund Manager since 2001
Industry since 1991