Janus Venture Fund (JAVTX)

Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JAVTX)

Inception Date4/30/1985
NAV (As of 5/24/16)$60.92
Total Net Assets (As of 4/30/16)$2.60B
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 0.92%
NET 0.92%

Performance (As of 3/31/16)
1 Year-8.84%
3 Year10.25%
5 Year10.33%
10 Year7.68%
Morningstar (As of 4/30/16)
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 5/24/16As of 4/30/16As of 3/31/16As of 3/31/16
Inception: Apr 30, 1985
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$60.922.39%-1.10%-4.59%10.14%9.55%7.80%11.88%-8.84%10.25%10.33%7.68%11.86%-8.84%34.03%63.50%109.65%3101.78%
Russell 2000® Growth Index-5.34%
(05/23/2016)
-8.27%8.50%7.15%6.14%7.67%-11.84%7.91%7.70%6.00%7.67%-11.84%25.65%44.88%79.13%882.62%
Russell 2000® Index-1.60%
(05/23/2016)
-5.94%7.53%6.98%5.42%9.32%-9.76%6.84%7.20%5.26%9.32%-9.76%21.96%41.59%66.93%1471.49%

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 4/30/16

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
Alpha2.463.22N/AN/A
Beta0.880.841.001.00
R-Squared (%)92.7694.15100.00100.00
Standard Deviation15.1915.4416.6417.74
Sharpe Ratio0.660.620.510.40
Information Ratio0.360.52----

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

MORNINGSTAR PERCENTILEView Time Period:
As of 3/31/16As of 4/30/16
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)241275143065514
Small Growth Category
Rank/Count
175 / 74784 / 70845 / 68930 / 5998 / 51229 / 75443 / 71334 / 69428 / 6038 / 51

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 4/30/163 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Venture Fund94.79%87.35%90.37%79.92%
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%