Janus Venture Fund (JVTIX)

Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JVTIX)

Inception Date4/30/1985
NAV (As of 4/28/17)$71.46
Total Net Assets (As of 3/31/17)$2.85B
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.77%
NET 0.77%

Morningstar Fee Level
(As of 3/31/17)
Fee Level Group
(out of 578 funds)
Small Cap Institutional

Performance (As of 3/31/17)
1 Year18.90%
3 Year8.79%
5 Year12.91%
10 Year8.39%
Morningstar (As of 3/31/17)
CategoryUS Fund Small Growth
Overall Rating™
(Based on risk-adjusted returns)

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599 Funds Rated
Analyst Rating
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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 2/1/18.

Quarterly Commentary - Q1 2017

EXECUTIVE SUMMARY

Small-cap stocks gained ground during the period.

The Fund outperformed its primary benchmark. Stock selection in the industrials sector was a large driver of relative outperformance.

We are cautious about the return profile of small-cap stocks, but believe the market environment will favor our investment style.

FUND MANAGEMENT

Jonathan Coleman

Jonathan Coleman, CFA

Fund Manager since 2013
Industry since 1994

Scott Stutzman

Scott Stutzman, CFA

Fund Manager since 2016
Industry since 2001