2016 Lipper Award

Janus Real Return Fund (JURTX)

Fixed Income Focused on Inflation Protection

SHARE CLASS

FUND FACTS (JURTX)

Inception Date5/13/2011
NAV (As of 9/28/16)$9.58
Total Net Assets (As of 8/31/16)$24.41M
Annual Expense Ratio
(As of fiscal year end 6/30/15)
GROSS 1.97%
NET 0.73%

Yields

Distribution Yield at NAV (As of 8/31/16)

3.57%
30 Day SEC Yield (As of 8/31/16)
with waivers
without waivers

3.09%
2.22%
Distribution FrequencyMonthly
Performance (As of 6/30/16)
1 Year2.85%
3 Year2.98%
5 Year1.69%
Since Inception1.55%
Morningstar (As of 8/31/16)
CategoryMultisector Bond
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.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/16.

PERFORMANCE View Time Period:
As of 9/28/16As of 8/31/16As of 6/30/16As of 6/30/16
Inception: May 13, 2011
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$9.580.01%4.94%4.64%3.19%2.28%N/A1.82%2.85%2.98%1.69%N/A1.55%2.85%9.22%8.76%N/A8.22%
Barclays U.S. 1-5 Year TIPS Index3.40%1.86%0.75%0.61%3.08%0.73%2.04%0.54%0.41%2.89%0.63%1.86%2.26%3.08%35.45%3.82%
Consumer Price Index (CPI) + 2%N/A3.01%3.06%3.32%3.74%3.28%3.07%2.98%3.23%3.68%3.22%3.01%N/AN/AN/A17.80%

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 11/1/16.

Annual Expense Ratio: Gross: 1.97% / Net: 0.73% View Fees and Expenses

RISK STATISTICS
VS. Barclays U.S. 1-5 Year TIPS Index
AS OF 8/31/16

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
Alpha3.041.91N/AN/A
Beta0.541.381.001.00
R-Squared (%)26.0837.17100.00100.00
Standard Deviation2.084.761.982.10
Sharpe Ratio1.560.490.230.16
Information Ratio1.390.52----

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

MORNINGSTAR PERCENTILEView Time Period:
As of 6/30/16As of 8/31/16
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)737692N/A93386093N/A93
Multisector Bond Category
Rank/Count
266 / 365224 / 294234 / 252N/A / N/A229 / 246136 / 353169 / 282228 / 244N/A / N/A223 / 239

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 8/31/163 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Real Return Fund101.41%-17.24%162.46%93.68%
Barclays U.S. 1-5 Year TIPS 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 6/30/2015
CLASS T SHARES
Management Fees0.55%
12b-1 FeesN/A
Other Expenses1.42%
Total Gross Expenses1.97%
Waivers-1.24%
TOTAL NET EXPENSES0.73%