Janus Venture Fund (JAVTX)

Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JAVTX)

Inception Date4/30/1985
NAV (As of 2/22/17)$69.08
Total Net Assets (As of 1/31/17)$2.76B
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.93%
NET 0.93%

Morningstar Fee Level
(As of 1/31/17)
Fee Level Group
(out of 444 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 1/31/17)
CategoryUS Fund Small Growth
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

599 Funds Rated
Analyst Rating
Equity
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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.

PERFORMANCE View Time Period:
As of 2/22/17As of 1/31/17As 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 
$69.08-0.43%6.56%20.73%7.64%13.28%8.12%11.99%7.08%5.36%14.19%8.19%11.94%7.08%16.97%94.13%119.65%3464.58%
Russell 2000® Growth Index5.08%11.32%5.05%13.74%7.76%8.01%26.87%6.23%12.47%7.73%8.01%11.32%15.93%90.37%111.08%1047.58%
Russell 2000® Index3.57%21.31%6.74%14.46%7.07%9.81%33.53%7.89%13.00%6.93%9.81%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 1/31/17

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
Alpha2.082.50N/AN/A
Beta0.860.851.001.00
R-Squared (%)93.2191.14100.00100.00
Standard Deviation15.0613.5216.8715.27
Sharpe Ratio0.500.970.360.81
Information Ratio0.310.17----

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 1/31/17
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)84231527147732182514
US Fund Small Growth Category
Rank/Count
589 / 695149 / 65895 / 625146 / 5518 / 52535 / 696208 / 657113 / 622139 / 5538 / 52

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 1/31/173 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Venture Fund92.53%86.55%88.91%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%