Janus Investment Fund
03/04/2026 | Press release | Distributed by Public on 03/04/2026 05:01
Prospectus by Investment Company (Form 497)
Janus Investment Fund
Janus Henderson Low Duration Multi-Sector Income Fund
Supplement dated March 4, 2026
to Currently Effective Prospectuses
and Statement of Additional Information
Effective immediately, Janus Henderson Low Duration Multi-Sector Income Fund (formerly named Janus Henderson Absolute Return Income Opportunities Fund) (the "Fund") will no longer be offered through the combined Fixed Income Prospectuses dated October 28, 2025, and as further supplemented. Additionally, the Fund will no longer be offered through the combined Statement of Additional Information dated October 28, 2025, and as further supplemented. All references to the Fund are removed from the Prospectuses and Statement of Additional Information, accordingly.
In seeking information about the Fund, existing shareholders and prospective eligible investors should refer to the Prospectuses and Statement of Additional Information for the Fund dated March 4, 2026, which may be updated from time to time.
Please retain this Supplement with your records.
Janus Investment Fund
| Janus Henderson Balanced Fund | Janus Henderson Global Select Fund | |
| Janus Henderson Contrarian Fund | Janus Henderson Global Sustainable Equity Fund | |
| Janus Henderson Enterprise Fund | Janus Henderson Global Technology and Innovation Fund | |
| Janus Henderson European Focus Fund | Janus Henderson Growth and Income Fund | |
| Janus Henderson Forty Fund | Janus Henderson Overseas Fund | |
| Janus Henderson Global Equity Income Fund | Janus Henderson Research Fund | |
| Janus Henderson Global Life Sciences Fund | Janus Henderson Triton Fund | |
| Janus Henderson Global Real Estate Fund | Janus Henderson Venture Fund | |
| Janus Henderson Global Research Fund |
(collectively, the "Funds")
Class A Shares
Class C Shares
Supplement dated March 4, 2026
to Currently Effective Prospectuses
Effective March 4, 2026, the following information is added after "Ameriprise Financial" in the Appendix A - Intermediary Sales Charge Waivers and Discounts section of the Funds' prospectuses:
BAIRD
The following information is provided by Robert W. Baird & Co. ("Baird"):
Effective March 4, 2026, shareholders purchasing fund shares through a Baird platform or account will only be eligible for the following sales charge waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the SAI
Front-End Sales Charge Waivers on Investors A-shares Available at Baird
| • |
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund |
| • |
Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird |
| • |
Shares purchased within 90 days following a redemption from a Janus Henderson Fund, provided (1) the redemption and purchase occur within the purchaser's Baird household and (2) the redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement) |
| • |
A shareholder in the Fund's Investor C Shares will have their share converted at net asset value to Investor A shares of the same fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird |
| • |
Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs |
CDSC Waivers on Investor A and C shares Available at Baird
| • |
Shares sold due to death or disability of the shareholder |
| • |
Shares sold as part of a systematic withdrawal plan as described in the Fund's Prospectus |
| • |
Shares bought due to returns of excess contributions from an IRA Account |
| • |
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable Internal Revenue Service regulations |
| • |
Shares sold to pay Baird fees but only if the transaction is initiated by Baird |
| • |
Shares acquired through a right of reinstatement |
Front-End Sales Charge Discounts Available at Baird: Breakpoints and/or Rights of Accumulations
| • |
Breakpoints as described in this prospectus |
| • |
Rights of accumulations which entitles shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Janus Henderson assets held by accounts within the purchaser's household at Baird. Eligible Janus Henderson assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets |
| • |
Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases of Janus Henderson through Baird, over a 13-month period of time |
Please retain this Supplement with your records.
2
Janus Investment Fund
| Janus Henderson Adaptive Risk Managed U.S. Equity Fund | Janus Henderson International Dividend Fund | |
| Janus Henderson Developed World Bond Fund | Janus Henderson Mid Cap Value Fund | |
| Janus Henderson Flexible Bond Fund | Janus Henderson Multi-Sector Income Fund | |
| Janus Henderson Global Allocation Fund - Conservative | Janus Henderson Short Duration Flexible Bond Fund | |
| Janus Henderson Global Allocation Fund - Growth | Janus Henderson Small Cap Value Fund | |
| Janus Henderson Global Allocation Fund - Moderate | Janus Henderson Small-Mid Cap Value Fund | |
|
Janus Henderson High-Yield Fund |
(collectively, the "Funds")
Class A Shares
Class C Shares
Supplement dated March 4, 2026
to Currently Effective Prospectuses
Effective March 4, 2026, the following information is added after "Ameriprise Financial" in the Appendix A - Intermediary Sales Charge Waivers and Discounts section or, as applicable, Appendix B - Intermediary Sales Charge Waivers and Discounts section of the Funds' prospectuses:
BAIRD
The following information is provided by Robert W. Baird & Co. ("Baird"):
Effective March 4, 2026, shareholders purchasing fund shares through a Baird platform or account will only be eligible for the following sales charge waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the SAI
Front-End Sales Charge Waivers on Investors A-shares Available at Baird
| • |
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund |
| • |
Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird |
| • |
Shares purchased within 90 days following a redemption from a Janus Henderson Fund, provided (1) the redemption and purchase occur within the purchaser's Baird household and (2) the redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement) |
| • |
A shareholder in the Fund's Investor C Shares will have their share converted at net asset value to Investor A shares of the same fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird |
| • |
Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs |
CDSC Waivers on Investor A and C shares Available at Baird
| • |
Shares sold due to death or disability of the shareholder |
| • |
Shares sold as part of a systematic withdrawal plan as described in the Fund's Prospectus |
| • |
Shares bought due to returns of excess contributions from an IRA Account |
| • |
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable Internal Revenue Service regulations |
| • |
Shares sold to pay Baird fees but only if the transaction is initiated by Baird |
| • |
Shares acquired through a right of reinstatement |
Front-End Sales Charge Discounts Available at Baird: Breakpoints and/or Rights of Accumulations
| • |
Breakpoints as described in this prospectus |
| • |
Rights of accumulations which entitles shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Janus Henderson assets held by accounts within the purchaser's household at Baird. Eligible Janus Henderson assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets |
| • |
Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases of Janus Henderson through Baird, over a 13-month period of time |
Please retain this Supplement with your records.
2
Janus Investment Fund
Janus Henderson International Dividend Fund
Supplement dated March 4, 2026
to Currently Effective Prospectuses
Effective immediately, the prospectuses for Janus Henderson International Dividend Fund (the "Fund") are amended as follows:
Combined Share Class Prospectus
| 1. |
Under "Distributions" in the Distribution and Taxes section of the Fund's prospectuses, the following paragraph replaces the corresponding paragraph in its entirety: |
Distribution Schedule
Dividends from net investment income for Janus Henderson International Dividend Fund are normally declared and distributed in March, June, September, and December. Dividends from net investment income for each of the other Funds are normally declared and distributed in December. In addition, distributions of net capital gains are normally declared and distributed in December. If necessary, dividends and net capital gains may be distributed at other times as well. The date you receive your distribution may vary depending on how your intermediary processes trades. Please consult your intermediary for details.
Class D Shares Prospectus
| 2. |
Under "Distributions" in the Distribution and Taxes section of the Fund's prospectuses, the following paragraph replaces the corresponding paragraph in its entirety: |
Distribution Schedule
Dividends from net investment income for Janus Henderson International Dividend Fund are normally declared and distributed in March, June, September, and December. Dividends from net investment income for each of the other Funds are normally declared and distributed in December. In addition, distributions of net capital gains are normally declared and distributed in December. If necessary, dividends and net capital gains may be distributed at other times as well.
Please retain this Supplement with your records.
Janus Investment Fund
| Janus Henderson Adaptive Risk Managed U.S. Equity Fund | Janus Henderson Mid Cap Value Fund | |
| Janus Henderson Developed World Bond Fund | Janus Henderson Multi-Sector Income Fund | |
| Janus Henderson Flexible Bond Fund | Janus Henderson Short Duration Flexible Bond Fund | |
| Janus Henderson High-Yield Fund | Janus Henderson Small Cap Value Fund | |
| Janus Henderson International Dividend Fund | Janus Henderson Small-Mid Cap Value Fund |
(the "Funds")
| Class A Shares | Class D Shares | Class N Shares | Class S Shares | |||
| Class C Shares | Class I Shares | Class R Shares | Class T Shares |
Supplement dated March 4, 2026
to Currently Effective Statement of Additional Information
Effective immediately, the statement of additional information ("SAI") for the Funds is updated as follows:
| 1. |
Under "Janus Henderson Portfolio Management" in the Trustees and Officers section of the Funds' SAI, the following table replaces the corresponding "Other Accounts Managed" table in its entirety: |
|
Other Registered Investment Companies |
Other Pooled Investment Vehicles |
|
Other Accounts |
|
||||||
|
Ashwin Alankar |
Number of Other Accounts Managed | 4 | 1 | 14(1) | ||||||
| Assets in Other Accounts Managed | $330.83M | $22.98M | $1,939.82M | |||||||
|
Faizan Baig |
Number of Other Accounts Managed | 1 | None | 2 | ||||||
| Assets in Other Accounts Managed | $54.93M | None | $172.01M | |||||||
|
Jenna Barnard |
Number of Other Accounts Managed | None | 5 | 1 | ||||||
| Assets in Other Accounts Managed | None | $3,288.31M | $225.02M | |||||||
|
Craig Kempler |
Number of Other Accounts Managed | None | None | 2 | ||||||
| Assets in Other Accounts Managed | None | None | $65.95M | |||||||
|
Michael Keough |
Number of Other Accounts Managed | 6 | 13 | 17 | ||||||
| Assets in Other Accounts Managed | $39,748.44M | $11,772.53M | $5,419.38M | |||||||
|
John Kerschner |
Number of Other Accounts Managed | 6 | 3 | 3 | ||||||
| Assets in Other Accounts Managed |
$29,695.34M |
$535.42M | $160.40M | |||||||
|
Other Registered Investment Companies |
Other Pooled Vehicles |
Other Accounts |
||||||||
|
John Lloyd |
Number of Other Accounts Managed | 2 | 8 | 31 | ||||||
| Assets in Other Accounts Managed | $753.05M | $2,974.21M | $2,614.73M | |||||||
|
Ben Lofthouse |
Number of Other Accounts Managed | 2 | 1 | 2 | ||||||
| Assets in Other Accounts Managed | $6,350.34M | $892.92M | $172.01M | |||||||
|
Seth Meyer |
Number of Other Accounts Managed | None | 3 | 1 | ||||||
| Assets in Other Accounts Managed | None | $535.42M | $0.11M | |||||||
|
Brent Olson |
Number of Other Accounts Managed | None | 4 | 5 | ||||||
| Assets in Other Accounts Managed | None | $1,160.12M | $766.62M | |||||||
|
Kevin Preloger(2) |
Number of Other Accounts Managed | 2(3) | 2 | 3 | ||||||
| Assets in Other Accounts Managed | $199.26M | $168.52M | $106.60M | |||||||
|
Tom Ross |
Number of Other Accounts Managed | None | 5 | 8 | ||||||
| Assets in Other Accounts Managed | None | $1,562.70M | $1,762.19M | |||||||
|
Brad Smith |
Number of Other Accounts Managed | 1 | 7 | 8 | ||||||
| Assets in Other Accounts Managed | $25.05M | $1,499.71M | $4,362.84M | |||||||
|
Justin Tugman |
Number of Other Accounts Managed | 2(3) | 2 | 5 | ||||||
| Assets in Other Accounts Managed | $199.26M | $168.52M | $172.55M | |||||||
|
Nicholas Ware |
Number of Other Accounts Managed | None | 4 | 1 | ||||||
| Assets in Other Accounts Managed | None | $3,009.39M | $225.02M | |||||||
|
Greg Wilensky |
Number of Other Accounts Managed | 5 | 9 | 12 | ||||||
| Assets in Other Accounts Managed | $39,723.39M | $11,374.41M | $3,869.25M | |||||||
| (1) |
One account included in the total, consisting of $761.30M of the total assets in the category, has a performance-based advisory fee. |
| (2) |
Kevin Preloger retired from the Adviser on December 31, 2025. |
| (3) |
One account included in the total, consisting of $114.47M of the total assets in the category, has a performance-based advisory fee. |
2
Please retain this Supplement with your records.
Janus Investment Fund
Janus Henderson Global Allocation Fund - Conservative
Janus Henderson Global Allocation Fund - Growth
Janus Henderson Global Allocation Fund - Moderate
(the "Funds")
Supplement dated March 4, 2026
to Currently Effective Statement of Additional Information
Effective immediately, the statement of additional information ("SAI") for the Funds is updated as follows:
| 1. |
Under "Janus Henderson Portfolio Management" in the Trustees and Officers section of the Funds' SAI, the following table replaces the corresponding "Other Accounts Managed" table in its entirety: |
|
Other Registered Investment Companies |
Other Pooled Investment Vehicles |
|
Other Accounts |
|
||||||
|
Ashwin Alankar |
Number of Other Accounts Managed | 2 | 1 | 14(1) | ||||||
| Assets in Other Accounts Managed | $789.30M | $22.98M | $1,939.82M | |||||||
|
Nick Harper |
Number of Other Accounts Managed | None | 1 | 4 | ||||||
| Assets in Other Accounts Managed | None | $242.16M | $3.76M | |||||||
| (1) |
One account included in the total, consisting of $761.30M of the total assets in the category, has a performance-based advisory fee. |
Please retain this Supplement with your records.
Janus Investment Fund
Janus Henderson Small Cap Value Fund
Class L Shares
Supplement dated March 4, 2026
to Currently Effective Statement of Additional Information
Effective immediately, the statement of additional information ("SAI") for Janus Henderson Small Cap Value Fund (the "Fund") is updated as follows:
| 1. |
Under "Janus Henderson Portfolio Management" in the Trustees and Officers section of the Fund's SAI, the following table replaces the corresponding "Other Accounts Managed" table in its entirety: |
|
Other Registered Investment Companies |
Other Pooled Investment Vehicles |
|
Other Accounts |
|
||||||
|
Craig Kempler |
Number of Other Accounts Managed | None | None | 2 | ||||||
| Assets in Other Accounts Managed | None | None | $65.95M | |||||||
|
Justin Tugman |
Number of Other Accounts Managed | 4(1) | 2 | 5 | ||||||
| Assets in Other Accounts Managed | $2,268.57M | $168.52M | $172.55M | |||||||
| (1) |
Three accounts included in the total, consisting of $2,183.78M of the total assets in the category, have performance-based advisory fees. |
Please retain this Supplement with your records.
Janus Investment Fund published this content on March 04, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 04, 2026 at 11:03 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]