2016 Lipper Award

Janus Real Return Fund (JURIX)

Fixed Income Focused on Inflation Protection

SHARE CLASS

FUND FACTS (JURIX)

Inception Date5/13/2011
NAV (As of 5/26/17)$9.46
Total Net Assets (As of 4/30/17)$20.41M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 1.51%
NET 0.42%

Morningstar Fee Level
(As of 4/30/17)
Fee Level Group
(out of 215 funds)
High-Yield Bond Institutional

Yields

Distribution Yield at NAV (As of 4/30/17)

3.18%
30 Day SEC Yield (As of 4/30/17)
with waivers
without waivers

2.94%
1.99%
Distribution FrequencyMonthly
Performance (As of 3/31/17)
1 Year4.14%
3 Year2.37%
5 Year2.15%
Since Inception1.89%
Morningstar (As of 4/30/17)
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 5/26/17As of 4/30/17As of 3/31/17As of 3/31/17
Inception: May 13, 2011
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class I Shares 
$9.460.01%1.78%3.88%2.37%2.35%N/A1.95%4.14%2.37%2.15%N/A1.89%4.14%7.28%11.21%N/A11.65%
Bloomberg Barclays U.S. 1-5 Year TIPS Index0.60%1.75%0.80%0.35%2.79%0.78%1.72%0.60%0.28%2.72%0.77%1.75%2.41%1.78%31.63%4.65%

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: 1.51% / Net: 0.42% View Fees and Expenses

RISK STATISTICS
VS. Bloomberg Barclays U.S. 1-5 Year TIPS Index
AS OF 4/30/17 (CLASS I SHARES)

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
Alpha2.052.18N/AN/A
Beta0.540.691.001.00
R-Squared (%)26.1025.81100.00100.00
Standard Deviation2.102.561.971.90
Sharpe Ratio1.050.870.220.08
Information Ratio0.880.91----
MORNINGSTAR PERCENTILEView Time Period:
As of 3/31/17As of 4/30/17
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)978397N/A98987998N/A98
US Fund High Yield Bond Category
Rank/Count
715 / 731552 / 664572 / 584N/A / N/A541 / 550716 / 729527 / 662573 / 583N/A / N/A542 / 551

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 4/30/17
(CLASS I SHARES)
3 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Real Return Fund89.10%6.14%118.63%33.72%
Bloomberg Barclays U.S. 1-5 Year TIPS Index100.00%100.00%100.00%100.00%

ANNUAL FEES & EXPENSES

AS OF FISCAL YEAR END 6/30/2016
CLASS I SHARES
Management Fees0.55%
12b-1 FeesN/A
Other Expenses0.96%
Total Gross Expenses1.51%
Waivers-1.09%
TOTAL NET EXPENSES0.42%