Janus Henderson Forty Fund

JANUS INVESTMENT FUND · Series S000025893 · 8 share classes

Equity fund · 93% stocks
One fund, 8 share classes:JDCAXJACCXJCAPXJDCRXJARTXJACTXJFRNXJFRDX
$20.54B NAV
34 positions · as of 2026-03-31 · filed 2026-05-29
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q1

Janus Henderson Forty Fund seeks long-term growth of capital.

Strategy · summarised

The fund pursues long-term capital growth by selecting 30–40 common stocks through bottom-up fundamental research, focusing on sustainable competitive advantages, long-term growth potential, and shareholder value creation across companies of any size, with a primary emphasis on larger, well-established firms and potential foreign securities. Because the fund is classified as nondiversified, it may hold larger positions in individual securities than a diversified fund would permit, concentrating its portfolio accordingly. The fund's returns depend on the success of its security selections and the performance of the positions it holds.

Expenses
0.56% 1.64%across 8 share classes
Share classExpense ratio
JDCAX0.88%
JACCX1.64%
JCAPX0.64%
JDCRX1.31%
JARTX1.05%
JACTX0.80%
JFRNX0.56%
JFRDX0.67%

Portfolio turnover 33.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.04%
of net assets
Stocks92.63%
Other7.41%

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 5 new5 exited

New: GEV, PLTR, LRCX, PCVX, Janus Henderson Cash Liquidity Fund LLC

Largest exited: MNST, HUBS, JANUS CAPITAL GROUP INC, Janus Henderson Cash Collateral Fund

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA Corp.NVDA12.86%$2.64B
Amazon.com, Inc.AMZN8.62%$1.77B
Microsoft Corp.MSFT6.76%$1.39B
Broadcom IncAVGO5.62%$1.15B
Taiwan Semiconductor Manufacturing Co., Ltd.TSM5.50%$1.13B
Apple Inc.AAPL5.46%$1.12B
Alphabet Inc.GOOG4.67%$960.24M
Oracle Corp.ORCL3.97%$816.48M
Eaton Corporation PLCETN3.71%$761.21M
Meta Platforms IncMETA3.65%$749.19M
Showing 10 of 34Sign in to see more

Top 10 positions are 60.82% of net assets, top 25 92.43%, across 34 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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