Janus Venture Fund (JAVTX)

Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JAVTX)

Inception Date4/30/1985
NAV (As of 9/3/15 )$63.86
Total Net Assets (As of 7/31/15)$3.08B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.93%
NET 0.93%

Performance (As of 6/30/15)
1 Year15.29%
3 Year20.32%
5 Year20.82%
10 Year10.96%
Morningstar (As of 7/31/15)
CategorySmall Growth
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

664 Funds Rated
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.

Quarterly Commentary - Q2 2015

EXECUTIVE SUMMARY

Small-cap growth stocks notched gains in the second quarter, led by the health care and technology sectors.

We outperformed our benchmark during the period. Stock selection in the industrial sector was a large driver of relative outperformance.

We expect a lower aggregate return environment going forward, and think our investment style is well suited for the current market backdrop.

FUND MANAGEMENT

Jonathan Coleman

Jonathan Coleman, CFA

Fund Manager since 2013
Industry since 1994