Janus Contrarian Fund (JACNX)
Investing Opportunistically in Non-Consensus Equity Ideas

FUND SNAPSHOT (JACNX)

Who Should Consider This Fund?

Investors looking for an opportunistic strategy that seeks to perform in all types of environments because it takes a differentiated view from the market.

Asset ClassDomestic Equity
Share Class D
RISK TOLERANCE SPECTRUM
target risk very aggressive

Funds are placed on the risk tolerance spectrum to demonstrate the wide spectrum of risk levels among asset classes in which they are expected to typically invest. The spectrum is for informational purposes only, is not intended to be forward looking and is subject to change. 

Fund Facts
Inception Date2/29/2000
NAV (As of 3/24/17)$19.65
Daily NAV Change$-0.02
Daily NAV % Change-0.10%
Total Net Assets (As of 2/28/17)$2.92B
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.70%
NET 0.70%
Morningstar Fee Level
(As of 2/28/17)
Fee Level Group
(out of 352 funds)
Mid Cap No Load

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/18.

Morningstar (As of 2/28/17)
CategoryUS Fund Mid-Cap Blend
Overall Rating™
(Based on risk-adjusted returns)
379 Funds Rated
View all Ratings
Equity
Style Box
Performance (As of 12/31/16)
YTD (As of 3/24/17) 1.34%
1 Year 8.13%
3 Year 3.35%
5 Year 13.65%
10 Year 4.35%

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.

Client Commitment

A U.S centric equity fund, investing opportunistically in non-consensus ideas, unconstrained by sector with flexibility across market cap. Through deep fundamental analysis, we seek to identify underfollowed, underappreciated and undervalued companies undergoing significant, positive change at the company, industry or market sentiment level.

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 2/28/17. Index represents the S&P 500® Index.

TOP HOLDINGS (% of Fund)

United Continental Holdings Inc 7.68
Knowles Corp 6.78
St Joe Co 5.92
Enterprise Products Partners LP 5.68
Mattel Inc 5.01
Ball Corp 4.81
Zebra Technologies Corp 4.78
Crown Holdings Inc 3.77
Popeyes Louisiana Kitchen Inc 3.77
Anadarko Petroleum Corp 3.48
TOTAL51.68

SECTOR ALLOCATION (%)

 FUNDINDEX
Consumer Discretionary 22.27 12.23
Materials 13.32 2.82
Financials 11.57 14.36
Information Technology 11.56 22.03
Energy 9.16 6.50
Industrials 8.86 10.07
Real Estate 7.09 2.93
Health Care 5.15 13.99
Consumer Staples 3.58 9.39
Equity Other 0.33 -
Cash & Equivalents 7.11 -

Why Invest in the Fund

AVOID CONSENSUS

We concentrate our research and analysis on evolving, misunderstood and controversial investment ideas where we have a differentiated view from the market. This approach aims to avoid stocks already well known and fairly valued by the market.

CHANGE PRESENTS OPPORTUNITIES

The Fund offers exposure to securities undergoing changes at the company, industry or market sentiment level that we believe will positively impact the stock price.

OPPORTUNISTIC PORTFOLIO

The Fund seeks to capitalize on non-consensus equity investments unconstrained by sector with flexibility across market cap. We seek to be early to evolving investments. This approach aims to provide long-term risk-adjusted returns greater than broad equity markets.