Janus Venture Fund (JAVTX)

Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JAVTX)

Inception Date4/30/1985
NAV (As of 3/22/17)$68.02
Total Net Assets (As of 2/28/17)$2.83B
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.93%
NET 0.93%

Morningstar Fee Level
(As of 2/28/17)
Fee Level Group
(out of 448 funds)
Small Cap No Load

Performance (As of 12/31/16)
1 Year7.08%
3 Year5.36%
5 Year14.19%
10 Year8.19%
Morningstar (As of 2/28/17)
CategoryUS Fund Small Growth
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

605 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 2/1/18.

PERFORMANCE View Time Period:
As of 3/22/17As of 2/28/17As of 12/31/16As of 12/31/16
Inception: Apr 30, 1985
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$68.020.13%4.92%26.78%8.08%13.21%8.41%12.08%7.08%5.36%14.19%8.19%11.94%7.08%16.97%94.13%119.65%3464.58%
Russell 2000® Growth Index2.46%
(03/21/2017)
11.32%5.05%13.74%7.76%8.01%30.91%5.42%12.29%8.03%8.10%11.32%15.93%90.37%111.08%1047.58%
Russell 2000® Index-0.52%
(03/21/2017)
21.31%6.74%14.46%7.07%9.81%36.11%6.93%12.89%7.22%9.83%21.31%21.63%96.45%97.93%1835.74%

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 2/1/18.

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

RISK STATISTICS
VS. Russell 2000® Growth Index
AS OF 2/28/17

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
Alpha3.122.58N/AN/A
Beta0.880.851.001.00
R-Squared (%)93.8391.04100.00100.00
Standard Deviation15.1213.5016.8715.27
Sharpe Ratio0.530.970.360.81
Information Ratio0.620.20----

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

MORNINGSTAR PERCENTILEView Time Period:
As of 12/31/16As of 2/28/17
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)77141326147732182514
US Fund Small Growth Category
Rank/Count
542 / 70395 / 67283 / 629141 / 5558 / 52535 / 696208 / 657113 / 622139 / 5538 / 52

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 2/28/173 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Venture Fund97.35%86.55%89.25%80.20%
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 9/30/2016
CLASS T SHARES
Management Fees0.64%
12b-1 FeesN/A
Other Expenses0.29%
Total Gross Expenses0.93%
Waivers0.00%
TOTAL NET EXPENSES0.93%