Janus Henderson Mid Cap Value Fund - T Shares

This fund primarily focuses its investments on the common shares of medium-sized companies that its investment team believes are trading below their true value. A minimum of 80% of its total assets (including any borrowed funds used for investment) are allocated to equity securities of companies whose market capitalization, at the time of purchase, aligns with the size parameters of the Russell Midcap® Value Index. Under typical market conditions, the fund also has the flexibility to commit up to 20% of its net assets to companies with market values outside of these specified mid-cap ranges.