Janus Venture Fund (JAVTX)
Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JAVTX)

Inception Date4/30/1985
NAV (As of 2/25/15 )$67.45
Total Net Assets (As of 1/31/15)$2.64B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.93%
NET 0.93%

Performance (As of 12/31/14)
1 Year10.21%
3 Year22.29%
5 Year18.83%
10 Year10.01%
Morningstar (As of 1/31/15)
CategorySmall Growth
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

652 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.

PERFORMANCE View Time Period:
As of 2/25/15As of 1/31/15As of 12/31/14As of 12/31/14
Inception: Apr 30, 1985
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$67.450.40%3.75%10.30%18.16%19.01%10.02%12.38%10.21%22.29%18.83%10.01%12.57%10.21%82.90%136.98%159.72%3258.49%
Russell 2000® Growth Index4.91%5.01%16.39%17.33%8.79%8.12%5.60%20.14%16.80%8.54%8.23%5.60%73.41%117.34%126.99%945.34%
Russell 2000® Index2.66%4.41%15.27%15.66%7.87%9.80%4.89%19.21%15.55%7.77%9.95%4.89%69.42%105.95%111.26%1569.41%

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 2/1/16.

Annual Expense Ratio: Gross: 0.93% / Net: 0.93% View Fees and Expenses

RISK STATISTICS
VS. Russell 2000® Growth Index

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
Alpha4.814.53N/AN/A
Beta0.790.801.001.00
R-Squared (%)86.7892.05100.00100.00
Standard Deviation11.6315.4113.7518.41
Sharpe Ratio1.561.231.190.94
Information Ratio0.350.30----

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

MORNINGSTAR PERCENTILE View Time Period:
As of 12/31/14As of 1/31/15
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)381071268715
Small Growth Category
Rank/Count
19 / 74654 / 71265 / 67639 / 5731 / 114 / 74443 / 70452 / 67437 / 5718 / 50

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 1/31/153 YR UP MARKET
CAPTURE
3 YR DOWN MARKET
CAPTURE
5 YR UP MARKET
CAPTURE
5 YR DOWN MARKET
CAPTURE
Janus Venture Fund87.87%67.73%86.08%71.90%
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 9/30/2014
CLASS T SHARES
Management Fees0.64%
12b-1 FeesN/A
Other Expenses0.29%
Total Gross Expenses0.93%
Waivers0.00%
TOTAL NET EXPENSES0.93%