Mutual Funds

Performance Summary

For in-depth details on a specific fund including objectives, risks, expenses, characteristics and Morningstar data, and daily price, click the name below. Click the tabs to view each discipline.

  As of 4/16/2014 As of 3/31/2014 As of 3/31/2014
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Since Fund Inception
Janus Flexible Bond Fund (Inception Date: 7/1987) | Portfolio Managers: Gibson Smith Darrell Watters
JDFAX- Class A Shares @NAV
2.48% 1.87% -0.17% 1.87% 1.87% 1.87% 1.20% 4.82% 6.82% 5.47% 7.24%
@MOP
-2.42% -2.99% -4.95% -2.99% -2.99% -2.99% -3.63% 3.14% 5.78% 4.96% 7.04%
Barclays U.S. Aggregate Bond TR 2.58% (4/15/2014) 1.84% -0.17% 1.84% 1.84% 1.84% -0.10% 3.75% 4.80% 4.46% 6.86%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.75% / Net: 0.75%
Janus Global Bond Fund (Inception Date: 12/2010) | Portfolio Managers: Gibson Smith Darrell Watters Christopher Diaz
JGBAX- Class A Shares @NAV
4.84% 3.69% 0.63% 3.69% 3.69% 3.69% 3.14% 4.54% NA NA 4.85%
@MOP
-0.14% -1.24% -4.13% -1.24% -1.24% -1.24% -1.73% 2.84% NA NA 3.29%
Barclays Global Aggregate Bond Index 3.42% (4/15/2014) 2.40% -0.07% 2.40% 2.40% 2.40% 1.88% 2.78% 5.10% 4.50% 3.42%
Barclays Global Aggregate Corporate Index 3.68% (4/15/2014) 2.60% 0.07% 2.60% 2.60% 2.60% 4.14% 5.28% 9.39% 4.97% 6.16%
Annual Expense Ratio (estimated): Gross: 1.09% / Net: 1.03%
Janus High-Yield Fund (Inception Date: 12/1995) | Portfolio Managers: Gibson Smith Darrell Watters
JHYAX- Class A Shares @NAV
3.54% 3.29% 0.44% 3.29% 3.29% 3.29% 8.04% 8.04% 15.27% 7.83% 8.17%
@MOP
-1.40% -1.64% -4.36% -1.64% -1.64% -1.64% 2.90% 6.31% 14.16% 7.30% 7.88%
Barclays U.S. High Yield Corporate TR 3.31% (4/15/2014) 2.98% 0.24% 2.98% 2.98% 2.98% 7.54% 9.00% 18.25% 8.68% 7.72%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.97% / Net: 0.97%
Janus Short-Term Bond Fund (Inception Date: 9/1992) | Portfolio Managers: Darrell Watters Gibson Smith
JSHAX- Class A Shares @NAV
0.43% 0.37% -0.19% 0.37% 0.37% 0.37% 1.33% 1.97% 3.41% 3.22% 4.04%
@MOP
-2.12% -2.17% -2.72% -2.17% -2.17% -2.17% -1.23% 1.10% 2.43% 2.72% 3.80%
Barclays 1-3 Years Government/Credit TR 0.38% (4/15/2014) 0.23% -0.09% 0.23% 0.23% 0.23% 0.68% 1.18% 1.95% 2.81% 4.39%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.95% / Net: 0.80%
Janus Real Return Fund (Inception Date: 5/2011) | Portfolio Managers: Gibson Smith Darrell Watters Mayur Saigal
JURAX- Class A Shares @NAV
1.73% 1.50% 0.22% 1.50% 1.50% 1.50% 3.44% NA NA NA 1.14%
@MOP
-3.11% -3.32% -4.50% -3.32% -3.32% -3.32% -1.49% NA NA NA -0.92%
Barclays U.S. TIPS 1-5 Year Index 0.60% (4/15/2014) 0.20% -0.48% 0.20% 0.20% 0.20% -2.16% 1.07% 3.08% NA 0.75%
Consumer Price Index (CPI) + 2% 1.89% (3/31/2014) 1.89% 0.81% 1.89% 1.89% 1.89% 3.51% 3.87% 4.13% 4.35% 3.58%
Barclays U.S. TIPS 2.91% (4/15/2014) 1.95% -0.47% 1.95% 1.95% 1.95% -6.49% 3.50% 4.91% 4.53% 2.87%
Consumer Price Index (CPI) + 4% 0.31% (12/31/2013) 0.31% (12/31/2013) 0.31% (12/31/2013) 0.51% (12/31/2013) 0.31% (12/31/2013) 0.51% (12/31/2013) 5.50% (12/31/2013) 6.07% (12/31/2013) 6.08% (12/31/2013) 6.37% (12/31/2013) 5.18%
Annual Expense Ratio (estimated): Gross: 2.97% / Net: 1.01%
Janus Multi-Sector Income Fund (Inception Date: 2/2014) | Portfolio Managers: Seth Meyer John Kerschner John Lloyd
JMUAX- Class A Shares @NAV
0.85%(Inception to Date) NA 0.06% NA NA NA NA NA NA NA 0.06%
@MOP
-3.95%(Inception to Date) NA -4.71% NA NA NA NA NA NA NA -4.71%
Barclays U.S. Aggregate Bond TR NA 1.84% -0.17% 1.84% 1.84% 1.84% -0.10% 3.75% 4.80% 4.46% -0.17%
Annual Expense Ratio (estimated): Gross: 1.97% / Net: 0.98%
Janus Flexible Bond Fund (Inception Date: 7/1987) | Portfolio Managers: Gibson Smith Darrell Watters
JDFAX- Class A Shares @NAV
2.48% 1.87% -0.17% 1.87% 1.87% 1.87% 1.20% 4.82% 6.82% 5.47% 7.24%
@MOP
-2.42% -2.99% -4.95% -2.99% -2.99% -2.99% -3.63% 3.14% 5.78% 4.96% 7.04%
Barclays U.S. Aggregate Bond TR 2.58% (4/15/2014) 1.84% -0.17% 1.84% 1.84% 1.84% -0.10% 3.75% 4.80% 4.46% 6.86%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.75% / Net: 0.75%
Janus Global Bond Fund (Inception Date: 12/2010) | Portfolio Managers: Gibson Smith Darrell Watters Christopher Diaz
JGBAX- Class A Shares @NAV
4.84% 3.69% 0.63% 3.69% 3.69% 3.69% 3.14% 4.54% NA NA 4.85%
@MOP
-0.14% -1.24% -4.13% -1.24% -1.24% -1.24% -1.73% 2.84% NA NA 3.29%
Barclays Global Aggregate Bond Index 3.42% (4/15/2014) 2.40% -0.07% 2.40% 2.40% 2.40% 1.88% 2.78% 5.10% 4.50% 3.42%
Barclays Global Aggregate Corporate Index 3.68% (4/15/2014) 2.60% 0.07% 2.60% 2.60% 2.60% 4.14% 5.28% 9.39% 4.97% 6.16%
Annual Expense Ratio estimated: Gross: 1.09% / Net: 1.03%
Janus High-Yield Fund (Inception Date: 12/1995) | Portfolio Managers: Gibson Smith Darrell Watters
JHYAX- Class A Shares @NAV
3.54% 3.29% 0.44% 3.29% 3.29% 3.29% 8.04% 8.04% 15.27% 7.83% 8.17%
@MOP
-1.40% -1.64% -4.36% -1.64% -1.64% -1.64% 2.90% 6.31% 14.16% 7.30% 7.88%
Barclays U.S. High Yield Corporate TR 3.31% (4/15/2014) 2.98% 0.24% 2.98% 2.98% 2.98% 7.54% 9.00% 18.25% 8.68% 7.72%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.97% / Net: 0.97%
Janus Short-Term Bond Fund (Inception Date: 9/1992) | Portfolio Managers: Darrell Watters Gibson Smith
JSHAX- Class A Shares @NAV
0.43% 0.37% -0.19% 0.37% 0.37% 0.37% 1.33% 1.97% 3.41% 3.22% 4.04%
@MOP
-2.12% -2.17% -2.72% -2.17% -2.17% -2.17% -1.23% 1.10% 2.43% 2.72% 3.80%
Barclays 1-3 Years Government/Credit TR 0.38% (4/15/2014) 0.23% -0.09% 0.23% 0.23% 0.23% 0.68% 1.18% 1.95% 2.81% 4.39%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.95% / Net: 0.80%
Janus Real Return Fund (Inception Date: 5/2011) | Portfolio Managers: Gibson Smith Darrell Watters Mayur Saigal
JURAX- Class A Shares @NAV
1.73% 1.50% 0.22% 1.50% 1.50% 1.50% 3.44% NA NA NA 1.14%
@MOP
-3.11% -3.32% -4.50% -3.32% -3.32% -3.32% -1.49% NA NA NA -0.92%
Barclays U.S. TIPS 1-5 Year Index 0.60% (4/15/2014) 0.20% -0.48% 0.20% 0.20% 0.20% -2.16% 1.07% 3.08% NA 0.75%
Consumer Price Index (CPI) + 2% 1.89% (3/31/2014) 1.89% 0.81% 1.89% 1.89% 1.89% 3.51% 3.87% 4.13% 4.35% 3.58%
Barclays U.S. TIPS 2.91% (4/15/2014) 1.95% -0.47% 1.95% 1.95% 1.95% -6.49% 3.50% 4.91% 4.53% 2.87%
Consumer Price Index (CPI) + 4% 0.31% (12/31/2013) 0.31% (12/31/2013) 0.31% (12/31/2013) 0.51% (12/31/2013) 0.31% (12/31/2013) 0.51% (12/31/2013) 5.50% (12/31/2013) 6.07% (12/31/2013) 6.08% (12/31/2013) 6.37% (12/31/2013) 5.18%
Annual Expense Ratio estimated: Gross: 2.97% / Net: 1.01%
Janus Multi-Sector Income Fund (Inception Date: 2/2014) | Portfolio Managers: Seth Meyer John Kerschner John Lloyd
JMUAX- Class A Shares @NAV
0.85%(Inception to Date) NA 0.06% NA NA NA NA NA NA NA 0.06%
@MOP
-3.95%(Inception to Date) NA -4.71% NA NA NA NA NA NA NA -4.71%
Barclays U.S. Aggregate Bond TR NA 1.84% -0.17% 1.84% 1.84% 1.84% -0.10% 3.75% 4.80% 4.46% -0.17%
Annual Expense Ratio estimated: Gross: 1.97% / Net: 0.98%
Janus Flexible Bond Fund (Inception Date: 7/1987) | Portfolio Managers: Gibson Smith Darrell Watters
JDFAX- Class A Shares @NAV
2.48% 1.87% -0.17% 1.87% 1.87% 1.87% 1.20% 15.17% 39.06% 70.32% 547.31%
@MOP
-2.42% -2.99% -4.95% -2.99% -2.99% -2.99% -3.63% 9.71% 32.46% 62.23% 516.56%
Barclays U.S. Aggregate Bond TR 2.58% (4/15/2014) 1.84% -0.17% 1.84% 1.84% 1.84% -0.10% 11.67% 26.42% 54.75% 489.26%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.75% / Net: 0.75%
Janus Global Bond Fund (Inception Date: 12/2010) | Portfolio Managers: Gibson Smith Darrell Watters Christopher Diaz
JGBAX- Class A Shares @NAV
4.84% 3.69% 0.63% 3.69% 3.69% 3.69% 3.14% 14.24% NA NA 16.67%
@MOP
-0.14% -1.24% -4.13% -1.24% -1.24% -1.24% -1.73% 8.77% NA NA 11.11%
Barclays Global Aggregate Bond Index 3.42% (4/15/2014) 2.40% -0.07% 2.40% 2.40% 2.40% 1.88% 8.57% 28.23% 55.28% 11.57%
Barclays Global Aggregate Corporate Index 3.68% (4/15/2014) 2.60% 0.07% 2.60% 2.60% 2.60% 4.14% 16.68% 56.64% 62.44% 21.48%
Annual Expense Ratio estimated: Gross: 1.09% / Net: 1.03%
Janus High-Yield Fund (Inception Date: 12/1995) | Portfolio Managers: Gibson Smith Darrell Watters
JHYAX- Class A Shares @NAV
3.54% 3.29% 0.44% 3.29% 3.29% 3.29% 8.04% 26.12% 103.53% 112.43% 319.28%
@MOP
-1.40% -1.64% -4.36% -1.64% -1.64% -1.64% 2.90% 20.13% 93.87% 102.34% 299.37%
Barclays U.S. High Yield Corporate TR 3.31% (4/15/2014) 2.98% 0.24% 2.98% 2.98% 2.98% 7.54% 29.50% 131.19% 129.98% 288.48%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.97% / Net: 0.97%
Janus Short-Term Bond Fund (Inception Date: 9/1992) | Portfolio Managers: Darrell Watters Gibson Smith
JSHAX- Class A Shares @NAV
0.43% 0.37% -0.19% 0.37% 0.37% 0.37% 1.33% 6.03% 18.28% 37.26% 134.98%
@MOP
-2.12% -2.17% -2.72% -2.17% -2.17% -2.17% -1.23% 3.34% 12.78% 30.74% 123.82%
Barclays 1-3 Years Government/Credit TR 0.38% (4/15/2014) 0.23% -0.09% 0.23% 0.23% 0.23% 0.68% 3.59% 10.14% 31.94% 152.81%
Annual Expense Ratio as of fiscal year-end 6/30/2013: Gross: 0.95% / Net: 0.80%
Janus Real Return Fund (Inception Date: 5/2011) | Portfolio Managers: Gibson Smith Darrell Watters Mayur Saigal
JURAX- Class A Shares @NAV
1.73% 1.50% 0.22% 1.50% 1.50% 1.50% 3.44% NA NA NA 3.32%
@MOP
-3.11% -3.32% -4.50% -3.32% -3.32% -3.32% -1.49% NA NA NA -2.62%
Barclays U.S. TIPS 1-5 Year Index 0.60% (4/15/2014) 0.20% -0.48% 0.20% 0.20% 0.20% -2.16% 3.23% 16.38% NA 2.19%
Consumer Price Index (CPI) + 2% 1.89% (3/31/2014) 1.89% 0.81% 1.89% 1.89% 1.89% 3.51% NA NA NA 10.49%
Barclays U.S. TIPS 2.91% (4/15/2014) 1.95% -0.47% 1.95% 1.95% 1.95% -6.49% 10.88% 27.05% 55.67% 8.50%
Consumer Price Index (CPI) + 4% 0.31% (12/31/2013) 0.31% (12/31/2013) 0.31% (12/31/2013) 0.51% (12/31/2013) 0.31% (12/31/2013) 0.51% (12/31/2013) 5.50% (12/31/2013) NA NA NA 13.92%
Annual Expense Ratio estimated: Gross: 2.97% / Net: 1.01%
Janus Multi-Sector Income Fund (Inception Date: 2/2014) | Portfolio Managers: Seth Meyer John Kerschner John Lloyd
JMUAX- Class A Shares @NAV
0.85%(Inception to Date) NA 0.06% NA NA NA NA NA NA NA 0.06%
@MOP
-3.95%(Inception to Date) NA -4.71% NA NA NA NA NA NA NA -4.71%
Barclays U.S. Aggregate Bond TR NA 1.84% -0.17% 1.84% 1.84% 1.84% -0.10% 11.67% 26.42% 54.75% -0.17%
Annual Expense Ratio estimated: Gross: 1.97% / Net: 0.98%

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.


Performance shown for Class A Shares at Maximum Offering Price (MOP) includes the Fund's maximum sales charge of 2.5%. Performance shown at Net Asset Value (NAV) does not include this sales charge and would have been lower had this sales charge been taken into account.


Performance shown for Class A Shares at Maximum Offering Price (MOP) includes the Fund's maximum sales charge of 4.75%. Performance shown at Net Asset Value (NAV) does not include this sales charge and would have been lower had this sales charge been taken into account.


For Janus High-Yield Fund, Janus Global Bond Fund and Janus Flexible Bond Fund: Performance shown for Class A Shares at Maximum Offering Price (MOP) includes the Fund's maximum sales charge of 4.75%. Performance shown at Net Asset Value (NAV) does not include this sales charge and would have been lower had this sales charge been taken into account.


Returns quoted reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/14.


For Janus Flexible Bond Fund, Janus High-Yield Fund and Janus Short-Term Bond Fund: For certain periods, the Fund's performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.


Yields

  As of 4/16/2014 As of 3/31/2014
30 Day Yield
30 Day SEC Yield (Without Waivers)
30 Day SEC Yield (With Waivers)
Janus Flexible Bond Fund - Class A Shares 2.68% 2.04% 2.04%
Janus Global Bond Fund - Class A Shares 3.03% 1.21% 1.22%
Janus High-Yield Fund - Class A Shares 5.59% 4.83% 4.83%
Janus Short-Term Bond Fund - Class A Shares 1.64% 0.78% 0.89%
Janus Real Return Fund - Class A Shares 2.89% 0.95% 2.10%
Janus Multi-Sector Income Fund - Class A Shares 4.09% -1.75% 1.39%

The 30-day dividend yield represents the average daily dividends for the 30-day period, annualized, and divided by the net asset values per share at the end of the period. The SEC standardized yield is computed under an SEC standardized formula and reflects an estimated yield to maturity (assuming all portfolio securities are held to maturity).


Share price, yield and return will fluctuate, and you may have a gain or a loss when you sell your shares. Yield is as of the prior business day's closing NAV.


The fund's relatively smaller asset size, cash flow activity, and/or trading with affiliated funds did and may continue to cause higher volatility in the fund┬┐s yield as well as divergence from the yield of similarly managed affiliated funds. There is no guarantee that such divergence will be sustained or is indicative of future results.


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.


Returns include reinvestment of dividends and capital gains.


A fund's performance for very short time periods may not be indicative of future performance.


The expense ratios shown reflect estimated annualized expenses that the Fund expects to incur during its initial fiscal year.


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.


High-yield/high-risk bonds, also known as "junk" bonds, involve a greater risk of default and price volatility than U.S. Government and other high quality bonds. High-yield/high-risk bonds can experience sudden and sharp price swings which will affect net asset value.


For Janus Short-Term Bond Fund: Effective 7/6/09, the Fund designated its initial share class as “Class J Shares” and commenced offering Class A Shares, Class C Shares, Class I Shares and Class S Shares.


For Janus Flexible Bond Fund and Janus High-Yield Fund: Class A Shares of the Fund commenced operations on July 6, 2009. Performance shown for Class A Shares for periods prior to July 6, 2009, is derived from the performance of the Fund’s Class J Shares, calculated using the fees and expenses (including the maximum initial sales charge) of Class A Shares, without the effect of any fee and expense limitations or waivers. If Class A Shares of the Fund had been available during any period prior to July 6, 2009, the performance shown may have been different. Further information is available in the prospectus.


Due to certain investment strategies, the fund may have an increased position in cash.


Sovereign debt securities are subject to the additional risk that, under some political, diplomatic, social or economic circumstances, some developing countries that issue lower quality debt securities may be unable or unwilling to make principal or interest payments as they come due.


For all funds except Janus Global Real Estate Fund, Janus International Equity Fund, INTECH Risk-Managed Growth Fund, Janus Modular Portfolio Construction® Fund, INTECH Risk-Managed Value Fund, INTECH Risk-Managed International Fund and Perkins Large Cap Value Fund: Expense information shown reflects estimated annualized expenses that the Fund share class expects to incur during their fiscal year. Contractual waivers agreed to by Janus Capital, where applicable, are included under “Net Annual Fund Operating Expenses.” (All expenses are shown without the effect of expense offset arrangements. Pursuant to such arrangements, credits realized as a result of uninvested cash balances are used to reduce custodian and transfer agent expenses.)


For Janus Global Real Estate Fund, Janus International Equity Fund, Janus Forty Fund and Janus Long/Short Fund: The fees and expenses shown were determined based on net assets as of the fiscal year ended 7/31/09. Contractual waivers agreed to by Janus Capital, where applicable, are included in the prospectus under “Net Annual Fund Operating Expenses.” (All expenses are shown without the effect of expense offset arrangements. Pursuant to such arrangements, credits realized as a result of uninvested cash balances are used to reduce custodian and transfer agent expenses.)


For Janus Contrarian Fund, Janus Long/Short Fund, Janus Overseas Fund, Janus Emerging Markets Fund, Janus Global Bond Fund and Janus Global Select Fund: This fund may have significant exposure to emerging markets. In general, emerging market investments have historically been subject to significant gains and/or losses. As such, the Fund's returns and NAV may be subject to volatility.


For Janus Global Bond Fund: The Fund may invest in derivatives which can be highly volatile and involve additional risks than if the underlying securities were held directly by the Fund. 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 the Fund owns.


The Fund will normally invest at least 80% of its net assets, measured at the time of purchase, in the type of securities described by its name.


Funds that invest in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds owned by the fund. Unlike owning individual bonds, there are ongoing fees and expenses associated with owning shares of bonds funds. The return of principal is not guaranteed due to net asset value fluctuation that is caused by changes in the price of specific bonds held in the fund and selling of bonds within the fund by the portfolio manager(s).


Bond prices generally move in the opposite direction of interest rates, thus a fund's share price may decline as the prices of bonds adjust to a rise in interest rates.

Mutual fund investing involves market risk; principal loss is possible. Equity and fixed income securities are subject to various risks including, but not limited to, market risk, credit risk and interest rate risk.


Interest-rate movements will affect the Janus Real Return Fund's share price and yield.


Commodity-Linked Investments may subject Janus Real Return Fund to greater volatility.


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.


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.


When an expense waiver is in effect, it may have a material effect on the total return or yield, and therefore the ranking and/or rating for the period.


A Fund's portfolio may differ significantly from the securities held in the index. The index is unmanaged and not available for direct investment; therefore its performance does not reflect the expenses associated with the active management of an actual portfolio.


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