Janus Venture Fund (JAVTX)

Moderate Small-Cap Growth Equities

SHARE CLASS

FUND FACTS (JAVTX)

Inception Date4/30/1985
NAV (As of 12/8/16)$67.17
Total Net Assets (As of 10/31/16)$2.66B
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 0.92%
NET 0.92%

Performance (As of 9/30/16)
1 Year14.28%
3 Year8.66%
5 Year17.06%
10 Year9.82%
Morningstar (As of 11/30/16)
CategorySmall Growth
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

590 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 12/8/16As of 11/30/16As of 9/30/16As of 9/30/16
Inception: Apr 30, 1985
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Class T Shares 
$67.170.98%9.04%2.27%6.55%14.12%8.26%11.97%14.28%8.66%17.06%9.82%12.09%14.28%28.31%119.83%155.12%3504.36%
Russell 2000® Growth Index12.38%
(12/07/2016)
12.12%6.58%16.15%8.29%7.96%4.58%5.29%13.38%7.59%7.99%12.12%21.08%111.36%121.68%1008.02%
Russell 2000® Index21.80%
(12/07/2016)
15.47%6.71%15.82%7.07%9.59%12.08%6.45%13.98%6.81%9.74%15.47%21.50%108.44%98.06%1678.62%

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 10/31/16

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
Alpha2.872.89N/AN/A
Beta0.910.871.001.00
R-Squared (%)93.9792.56100.00100.00
Standard Deviation15.3213.6416.3215.15
Sharpe Ratio0.410.950.220.74
Information Ratio0.660.39----

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

MORNINGSTAR PERCENTILEView Time Period:
As of 9/30/16As of 11/30/16
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)7522142114241010615
Small Growth Category
Rank/Count
515 / 681137 / 63085 / 611111 / 5458 / 52183 / 76267 / 71268 / 69134 / 6108 / 50

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 10/31/163 YR UP MARKET CAPTURE3 YR DOWN MARKET CAPTURE5 YR UP MARKET CAPTURE5 YR DOWN MARKET CAPTURE
Janus Venture Fund100.96%90.27%91.49%80.12%
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%