Please consider the charges, risks, expenses and investment objectives carefully before investing. Please see a prospectus , or if available, a summary prospectus containing this and other information. Read it carefully before you invest or send money.
A Fund's performance may be affected by risks that include those associated with nondiversification, non-investment grade debt securities, high-yield/high-risk securities, undervalued or overlooked companies, investments in specific industries or countries and potential conflicts of interest. Additional risks to a Fund may also include, but are not limited to, those associated with investing in foreign securities, emerging markets, initial public offerings, real estate investment trusts (REITs), derivatives, short sales, commodity-linked investments and companies with relatively small market capitalizations. Each Fund has different risks. Please see a Janus prospectus for more information about risks, Fund holdings and other details.
Investments in derivatives can be highly volatile and involve additional risks than if the underlying securities were held directly. Such risks include gains or losses which, as a result of leverage, can be substantially greater than the derivatives' original cost. There is also a possibility that derivatives may not perform as intended, which can reduce opportunity for gain or result in losses by offsetting positive returns in other securities.
Bond prices generally move in the opposite direction of interest rates, thus Janus Real Return Fund's share price may decline as the prices of bonds adjust to a rise in interest rates.
Interest-rate movements will affect the Janus Real Return Fund's share price and yield.
For Janus Real Return Fund: Because of their inflation adjustment feature, inflation-linked bonds typically have lower yields than conventional fixed-rate bonds and normally decline in price when real interest rates rise.
Commodity-Linked Investments may subject Janus Real Return Fund to greater volatility.
The risks of investment in foreign securities include currency fluctuations and economic and political uncertainty. These and other risks are discussed in Janus Real Return Fund's prospectus.
Holdings are subject to change without notice.
Janus Distributors LLC