Janus Real Return Fund (JURTX)

Fixed Income Focused on Inflation Protection

SHARE CLASS

FUND FACTS (JURTX)

Inception Date5/13/2011
NAV (As of 2/17/17)$9.47
Total Net Assets (As of 1/31/17)$20.15M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 1.75%
NET 0.66%

Morningstar Fee Level
(As of 1/31/17)
Fee Level Group
(out of 120 funds)
High-Yield Bond No Load

Yields

Distribution Yield at NAV (As of 1/31/17)

3.22%
30 Day SEC Yield (As of 1/31/17)
with waivers
without waivers

2.99%
1.75%
Distribution FrequencyMonthly
Performance (As of 12/31/16)
1 Year4.64%
3 Year2.44%
5 Year2.94%
Since Inception1.68%
Morningstar (As of 1/31/17)
CategoryUS Fund High Yield 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 11/1/17.

PERFORMANCE View Time Period:
As of 2/17/17As of 1/31/17As of 12/31/16As of 12/31/16
Inception: May 13, 2011
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$9.47-0.09%0.58%5.07%2.45%2.23%N/A1.70%4.64%2.44%2.94%N/A1.68%4.64%7.49%15.59%N/A9.83%
Bloomberg Barclays U.S. 1-5 Year TIPS Index0.47%3.14%0.60%0.49%2.96%0.67%2.95%0.65%0.34%2.99%0.67%3.14%1.82%2.48%33.82%3.84%
Consumer Price Index (CPI) + 2%N/A4.07%3.18%3.36%3.81%3.19%4.51%3.26%3.39%3.84%3.27%4.07%N/AN/AN/A19.14%

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 11/1/17.

Annual Expense Ratio: Gross: 1.75% / Net: 0.66% View Fees and Expenses

RISK STATISTICS
VS. Bloomberg Barclays U.S. 1-5 Year TIPS Index
AS OF 1/31/17

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
Alpha2.222.10N/AN/A
Beta0.540.691.001.00
R-Squared (%)26.3424.06100.00100.00
Standard Deviation2.142.702.021.91
Sharpe Ratio1.140.820.260.13
Information Ratio0.930.81----

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

MORNINGSTAR PERCENTILEView Time Period:
As of 12/31/16As of 1/31/17
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)988498N/A98977998N/A98
US Fund High Yield Bond Category
Rank/Count
723 / 734561 / 666572 / 580N/A / N/A549 / 557716 / 731529 / 665568 / 579N/A / N/A548 / 556

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 1/31/173 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Real Return Fund86.58%2.26%116.43%36.75%
Bloomberg 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 6/30/2016
CLASS T SHARES
Management Fees0.55%
12b-1 FeesN/A
Other Expenses1.20%
Total Gross Expenses1.75%
Waivers-1.09%
TOTAL NET EXPENSES0.66%