Mutual Fund Summary Prospectus (497k)
28 Juin 2013 - 10:10PM
Edgar (US Regulatory)
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Before you invest, you may want to review the Funds
Prospectus, which contains more information about the Fund and
its risks. You can find the Funds Prospectus and other
information about the Fund online at
janus.com/reports.
You can also get this information at no cost by calling a Janus
representative at
1-800-525-3713
or by sending an email request to
prospectusorder@janus.com.
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[JANUS LOGO]
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Summary
Prospectus dated October 26, 2012
As
Supplemented January 28, 2013
As
Supplemented June 28, 2013
Janus Money Market Fund
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Ticker:
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JNMXX
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Class D Shares*
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*
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Class D Shares are closed to certain new investors.
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INVESTMENT
OBJECTIVES
Janus Money Market Fund
seeks capital preservation and
liquidity with current income as a secondary objective.
FEES AND
EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if
you buy and hold Shares of the Fund.
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ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the
value of your investment)
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Class D
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Management Fees
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0.20%
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Other Expenses
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0.47%
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Total Annual Fund Operating Expenses
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0.67%
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EXAMPLE:
The Example is intended to help you compare the cost of
investing in the Fund with the cost of investing in other mutual
funds. The Example assumes that you invest $10,000 in the Fund
for the time periods indicated, reinvest all dividends and
distributions, and then redeem all of your Shares at the end of
each period. The Example also assumes that your investment has a
5% return each year and that the Funds operating expenses
remain the same. Although your actual costs may be higher or
lower, based on these assumptions your costs would be:
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1 Year
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3 Years
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5 Years
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10 Years
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Class D Shares
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$
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68
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$
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214
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$
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373
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$
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835
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PRINCIPAL
INVESTMENT STRATEGIES
The Fund pursues its investment objectives by investing
primarily in high quality debt obligations and obligations of
financial institutions. Debt obligations may include commercial
paper, notes and bonds, and variable amount master demand notes.
Obligations of financial institutions include certificates of
deposit and time deposits. The Fund also intends to invest in
repurchase agreements including those secured by U.S. Government
agencies. Some government agencies backed by the full faith and
credit of the United States are supported by the issuers
ability to borrow from the United States Treasury, some are
supported only by the credit of the issuer, and some are
supported by the United States in some other way.
The Fund will:
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invest in high quality, short-term money market instruments that
present minimal credit risks, as determined by Janus Capital
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invest only in U.S. dollar-denominated instruments that have a
remaining maturity of 397 days or less (as calculated
pursuant to
Rule 2a-7
under the Investment Company Act of 1940, as amended)
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maintain a dollar-weighted average portfolio maturity of
60 days or less and maintain a dollar-weighted average
portfolio life (portfolio maturity measured without reference to
any maturity shortening provisions of adjustable rate securities
by reference to their interest rate reset dates) of
120 days or less
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PRINCIPAL
INVESTMENT RISKS
Market Risk.
The Funds yield will vary
as the short-term securities in its portfolio mature and the
proceeds are reinvested in securities with different interest
rates. For capital preservation and liquidity, the Fund may have
a greater concentration in short-term securities including, but
not limited to, investing up to all of its assets in overnight
securities, which may result in a reduction of the Funds
yield. Over time, the real value of the Funds yield may be
eroded by inflation. Although the Fund invests only in
high-quality, short-term money market instruments, there is a
risk that the value of the securities it holds will
1
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Janus
Money Market Fund
fall as a result of changes in interest rates, an issuers
actual or perceived creditworthiness, or an issuers
ability to meet its obligations. The credit quality of the
Funds holdings can change rapidly in certain market
environments and any downgrade or default of a portfolio
security could cause the Funds share price or yield to
fall.
Collateral Risk.
With respect to collateral
received in repurchase transactions or other investments, the
Fund may have significant exposure to financial services,
mortgage markets, and government agencies not secured by the
full faith and credit of the United States. Such exposure,
depending on market conditions, could have a negative impact on
the Fund, including minimizing the value of any collateral.
Money Market Risk.
An investment in the Fund
is not a bank deposit and is not insured or guaranteed by the
Federal Deposit Insurance Corporation or any other government
agency. Although the Fund seeks to preserve the value of your
investment at $1.00 per share, it is possible to lose money
by investing in the Fund.
PERFORMANCE
INFORMATION
The following information provides some indication of the risks
of investing in the Fund by showing how the Funds
performance has varied over time. Class D Shares of the
Fund commenced operations on February 16, 2010, as a result
of the restructuring of Class J Shares, the predecessor
share class. The performance shown for Class D Shares for
periods prior to February 16, 2010, reflects the
performance of the Funds former Class J Shares,
calculated using the fees and expenses in effect during the
periods shown, net of any applicable fee and expense limitations
or waivers. If Class D Shares of the Fund had been
available during periods prior to February 16, 2010, the
performance shown may have been different. The performance shown
for periods following the Funds commencement of
Class D Shares reflects the fees and expenses of
Class D Shares, net of any applicable fee and expense
limitations or waivers.
The bar chart depicts the change in performance from year to
year during the periods indicated. The table shows how the
Funds returns over different periods average out. All
figures assume reinvestment of dividends and distributions. For
certain periods, the Funds performance reflects the effect
of expense waivers. Without the effect of these expense waivers,
the performance shown would have been lower.
The Funds past performance does not necessarily
indicate how it will perform in the future.
Updated
performance information is available at
janus.com/allfunds
or by calling
1-800-525-3713.
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Annual Total Returns for Class D Shares
(calendar
year-end)
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2002
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2003
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2004
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2005
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2006
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2007
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2008
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2009
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2010
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2011
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1.38%
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0.71%
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0.93%
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2.77%
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4.60%
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4.86%
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2.09%
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0.07%
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0.01%
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0.01%
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Best Quarter:
Fourth Quarter
2006
1.23% Worst
Quarter:
Third Quarter
2011
0.00%
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The Funds
year-to-date
return as of the calendar quarter ended September 30, 2012
was 0.00%.
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Average Annual Total Returns
(periods ended 12/31/11)
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1 Year
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5 Years
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10 Years
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Since
Inception
(2/14/95)
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Class D Shares
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Return Before Taxes
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0.01%
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1.39%
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1.73%
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3.08%
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The
7-day
yield on December 31, 2011 was 0.01% for Janus Money Market
Fund.
2
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Janus
Investment Fund
MANAGEMENT
Investment Adviser:
Janus Capital Management LLC
Portfolio Manager: J. Eric Thorderson
,
CFA, is Executive Vice President and Portfolio Manager of the
Fund, which he has managed or co-managed since February 2004.
PURCHASE
AND SALE OF FUND SHARES
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Minimum Investment Requirements
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To open a new regular Fund account
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$
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2,500
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To open a new UGMA/UTMA account, Coverdell Education Savings
Account, or a retirement Fund account
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without an automatic investment program
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$
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1,000
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with an automatic investment program of $50 per
month
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$
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500
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To add to any existing type of Fund account without an automatic
investment program
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$
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100
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To add to any existing type of Fund account with an automatic
investment program
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$
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50
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You may generally purchase, exchange, or redeem Fund Shares on
any business day by written request, wire transfer, telephone,
and in most cases, online at
janus.com/individual.
You may conduct transactions by mail (Janus,
P.O. Box 55932, Boston, MA
02205-5932),
or by telephone at
1-800-525-3713.
Purchase, exchange, or redemption requests must be received in
good order by the Fund or its agents prior to the close of the
regular trading session of the New York Stock Exchange in order
to receive that days net asset value. For additional
information, refer to To Open an Account or Buy
Shares, To Exchange Shares, and/or To
Sell Shares in the Prospectus.
TAX
INFORMATION
The Funds distributions are taxable, and will be taxed as
ordinary income or capital gains, unless you are investing
through a tax-deferred arrangement, such as a 401(k) plan or an
individual retirement account.
PAYMENTS
TO BROKER-DEALERS AND OTHER FINANCIAL INTERMEDIARIES
With respect to certain other classes of shares, the Fund and
its related companies may pay select broker-dealer firms or
other financial intermediaries for the sale of Fund shares and
related services. These payments may create a conflict of
interest by influencing a broker-dealer or other intermediary or
a salesperson to recommend the Fund over another investment or
to recommend one share class over another.
3
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Janus
Money Market Fund
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