Janus Investment Fund
| Janus Henderson Absolute Return Income Opportunities Fund | Janus Henderson Global Research Fund | |
| Janus Henderson Adaptive Risk Managed U.S. Equity Fund | Janus Henderson Global Select Fund | |
| Janus Henderson Balanced Fund | Janus Henderson Global Sustainable Equity Fund | |
| Janus Henderson Contrarian Fund | Janus Henderson Global Technology and Innovation Fund | |
| Janus Henderson Developed World Bond Fund | Janus Henderson Growth and Income Fund | |
| Janus Henderson Emerging Markets Fund | Janus Henderson High-Yield Fund | |
| Janus Henderson Enterprise Fund | Janus Henderson Mid Cap Value Fund | |
| Janus Henderson European Focus Fund | Janus Henderson Multi-Sector Income Fund | |
| Janus Henderson Flexible Bond Fund | Janus Henderson Overseas Fund | |
| Janus Henderson Forty Fund | Janus Henderson Research Fund | |
| Janus Henderson Global Allocation Fund - Conservative | Janus Henderson Responsible International Dividend Fund | |
| Janus Henderson Global Allocation Fund - Growth | Janus Henderson Short Duration Flexible Bond Fund | |
| Janus Henderson Global Allocation Fund - Moderate | Janus Henderson Small Cap Value Fund | |
| Janus Henderson Global Equity Income Fund | Janus Henderson Small-Mid Cap Value Fund | |
| Janus Henderson Global Life Sciences Fund | Janus Henderson Triton Fund | |
| Janus Henderson Global Real Estate Fund | Janus Henderson Venture Fund |
(each, a “Fund” and collectively, the “Funds”)
Class A Shares
Class C Shares
Supplement dated September 13, 2024
to Currently Effective Prospectuses and Statements of Additional Information
On September 12, 2024, the Board of Trustees of the Funds approved certain changes to the Class A Shares sales charges and financial intermediary commission schedule for the Funds, and related changes to the maximum purchase amount for Class C Shares. These changes are expected to take effect on or about December 9, 2024. References throughout to each Fund’s prospectus and statement of additional information are amended to reflect the changes as follows:
| • | There will be no initial sales charge applied to purchases of $250,000 or more of Class A Shares of the Funds. |
| • | The Class A Shares sales charge schedule will be revised as set forth in the following table: |
| Amount of Purchase at Offering Price | Sales Charge as a Percentage of Offering Price* |
Sales Charge as a
Percentage of |
Amount of Sales Charge of Offering Price |
|||||||||
| Equity and Multi-Asset Funds |
| |||||||||||
| Under $50,000 |
5.75% | 6.10% | 5.00% | |||||||||
| $50,000 but under $100,000 |
4.50% | 4.71% | 3.75% | |||||||||
| $100,000 but under $250,000 |
3.50% | 3.63% | 2.75% | |||||||||
| $250,000 and above** |
None | None | None | |||||||||
| Fixed-Income Funds (except Janus Henderson Short Duration Flexible Bond Fund) |
| |||||||||||
| Under $50,000 |
4.75% | 4.99% | 4.25% | |||||||||
| $50,000 but under $100,000 |
4.50% | 4.71% | 4.00% | |||||||||
| $100,000 but under $250,000 |
3.50% | 3.63% | 3.00% | |||||||||
| $250,000 and above** |
None | None | None | |||||||||
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|
Janus Henderson Short Duration Flexible Bond Fund*** |
| |||||||||||
| Under $50,000 |
2.50% | 2.56% | 2.00% | |||||||||
| $50,000 but under $100,000 |
2.25% | 2.30% | 1.75% | |||||||||
| $100,000 but under $250,000 |
2.00% | 2.04% | 1.50% | |||||||||
| $250,000 and above** |
None | None | None | |||||||||
| * | Offering Price includes the initial sales charge. |
| ** | A contingent deferred sales charge of 1.00% may apply to Class A Shares purchased without an initial sales charge if redeemed within 12 months of purchase. |
| *** | A shareholder who exchanges Shares into a Fund with a higher sales charge may be required to pay the new Fund’s initial sales charge or the difference between the Fund’s sales charge and the sales charge applicable to the new Fund. |
| • | The commission ranges that Janus Henderson Distributors US LLC (the “Distributor”) may pay to financial intermediaries for the sale of Class A Shares of the Funds will be revised to align with the final breakpoint in the Class A Shares sales charge schedule. Accordingly, the Distributor may pay financial intermediaries a 1.00% commission on purchases of Class A Shares of a Fund in the amount of $250,000 but under $4,000,000 (versus paying a 1.00% commission for purchases in the amount of $1,000,000 but under $4,000,000). |
| • | Accordingly, the financial intermediary commission schedule and corresponding disclosure will be revised as follows: |
For purchases of Class A Shares of $250,000 or greater, from its own assets, the Distributor generally pays financial intermediaries commissions as follows:
| • | 1.00% on amounts of $250,000 but under $4,000,000; |
| • | 0.50% on amounts of $4,000,000 but under $10,000,000; |
| • | 0.25% on amounts of $10,000,000 and above. |
| • | In addition, the disclosure regarding the maximum purchase in Class C Shares will be revised to reflect that the maximum purchase in Class C Shares is $250,000 for any single purchase. |
Please retain this Supplement with your records.
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