Janus Venture Fund (JAVTX)

Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JAVTX)

Inception Date4/30/1985
NAV (As of 9/23/16)$66.52
Total Net Assets (As of 8/31/16)$2.80B
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 0.92%
NET 0.92%

Performance (As of 6/30/16)
1 Year-6.75%
3 Year10.05%
5 Year10.82%
10 Year9.08%
Morningstar (As of 8/31/16)
CategorySmall Growth
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

656 Funds Rated
Analyst Rating
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.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/17.

PERFORMANCE View Time Period:
As of 9/23/16As of 8/31/16As of 6/30/16As of 6/30/16
Inception: Apr 30, 1985
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$66.52-0.63%7.99%8.02%10.96%14.89%10.08%12.11%-6.75%10.05%10.82%9.08%11.92%-6.75%33.27%67.13%138.41%3245.52%
Russell 2000® Growth Index8.89%
(09/22/2016)
-10.75%7.74%8.51%7.14%7.72%3.55%8.48%13.02%8.20%7.93%-10.75%25.05%50.46%99.39%914.47%
Russell 2000® Index12.43%
(09/22/2016)
-6.73%7.09%8.35%6.20%9.37%8.59%8.53%12.85%7.04%9.58%-6.73%22.80%49.35%82.43%1531.08%

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 2/1/17.

Annual Expense Ratio: Gross: 0.92% / Net: 0.92% View Fees and Expenses

RISK STATISTICS
VS. Russell 2000® Growth Index
AS OF 8/31/16

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
Alpha3.033.55N/AN/A
Beta0.910.841.001.00
R-Squared (%)93.9093.80100.00100.00
Standard Deviation15.2314.9316.2717.18
Sharpe Ratio0.710.990.520.75
Information Ratio0.610.41----

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

MORNINGSTAR PERCENTILEView Time Period:
As of 6/30/16As of 8/31/16
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)206551330106415
Small Growth Category
Rank/Count
152 / 75941 / 70829 / 68827 / 6097 / 50225 / 75667 / 70636 / 68724 / 6068 / 50

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 8/31/163 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Venture Fund100.42%89.88%90.92%78.83%
Russell 2000® Growth 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 9/30/2015
CLASS T SHARES
Management Fees0.64%
12b-1 FeesN/A
Other Expenses0.28%
Total Gross Expenses0.92%
Waivers0.00%
TOTAL NET EXPENSES0.92%