Janus Venture Fund (JAVTX)

Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JAVTX)

Inception Date4/30/1985
NAV (As of 2/9/16 )$51.22
Total Net Assets (As of 12/31/15)$2.77B
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 0.92%
NET 0.92%

Performance (As of 12/31/15)
1 Year-0.89%
3 Year15.69%
5 Year13.09%
10 Year9.75%
Morningstar (As of 1/31/16)
CategorySmall Growth
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

660 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.

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 2/9/16As of 1/31/16As of 12/31/15As of 12/31/15
Inception: Apr 30, 1985
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$51.22-0.45%-16.85%-6.35%9.73%10.71%7.73%11.72%-0.89%15.69%13.09%9.75%12.11%-0.89%54.83%85.01%153.48%3228.77%
Russell 2000® Growth Index-18.48%-10.01%7.68%8.28%5.74%7.48%-1.38%14.28%10.67%7.95%7.90%-1.38%49.24%66.04%114.92%930.90%
Russell 2000® Index-15.05%-9.92%6.11%7.25%4.92%9.10%-4.41%11.65%9.19%6.80%9.45%-4.41%39.19%55.18%93.14%1495.72%

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 12/31/15

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
Alpha3.013.84N/AN/A
Beta0.870.831.001.00
R-Squared (%)90.5192.53100.00100.00
Standard Deviation13.8414.6415.1616.90
Sharpe Ratio1.130.890.940.63
Information Ratio0.300.49----

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

MORNINGSTAR PERCENTILEView Time Period:
As of 12/31/15As of 1/31/16
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)25864123195612
Small Growth Category
Rank/Count
185 / 75857 / 71641 / 69421 / 6047 / 51229 / 75361 / 71532 / 68933 / 6027 / 51

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 12/31/153 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Venture Fund92.18%81.37%90.00%76.62%
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%