Janus Twenty Fund (JAVLX)

Focused Large-Cap Growth Equities

SHARE CLASS

  • T : JAVLX

FUND FACTS (JAVLX)

Inception Date4/30/1985
NAV (As of 5/21/15 )$60.60
Total Net Assets (As of 4/30/15)$9.30B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.81%
NET 0.81%

Performance (As of 3/31/15)
1 Year10.92%
3 Year14.01%
5 Year10.97%
10 Year10.09%
Morningstar (As of 4/30/15)
CategoryLarge Growth
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.

Quarterly Commentary - Q1 2015

EXECUTIVE SUMMARY

Large-cap U.S. equities climbed higher during the period, led by signs of a strengthening U.S.consumer.

Our Fund underperformed its benchmark during the period.

Equity valuations are approaching the higher end of historical averages, but we do not find them unreasonable given a lowinterest rate environment and improving economy.

FUND MANAGEMENT

Marc Pinto

Marc Pinto, CFA

Fund Manager since 2013
Industry since 1983