Janus Henderson Forty Fund

Janus Investment Fund · Series S000025893 · 8 share classes

Equity fund · 100% stocks
One fund, 8 share classes:JDCAXJACCXJCAPXJDCRXJARTXJACTXJFRNXJFRDX
$23.80B NAV
34 positions · as of 2026-06-30 · filed 2026-08-26
data updated 2026-09-08

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 Q2

100.06%
of net assets
Stocks99.97%
Cash & short-term0.09%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 6 new6 exited

New: Eaton Corp. plc, LITE, SPCX, HOOD, FERG, RVMD

Exited: ETN, BKNG, ICE, BX, APP, CMG

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+27.82%+73.82%+60.10%20.60%-14.25%
+27.07%+70.46%+54.90%20.59%-14.44%
+28.14%+75.05%+62.01%20.61%-14.16%
+27.32%+71.71%+56.84%20.60%-14.38%
+27.61%+72.97%+58.73%20.60%-14.30%
+27.96%+74.35%+60.84%20.60%-14.20%
+28.27%+75.50%+62.67%20.62%-14.12%
+28.11%+74.99%+61.76%20.61%-14.18%

These classes hold the same portfolio, so the 7.77pp spread over 5 years is the cost difference between them — roughly 1.55pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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.NVDA12.74%$3.03B
Alphabet, Inc.GOOG7.42%$1.77B
Amazon.com, Inc.AMZN6.91%$1.64B
Taiwan Semiconductor Manufacturing Co. Ltd.TSM6.57%$1.56B
Broadcom, Inc.AVGO6.00%$1.43B
Eaton Corp. plc4.00%$951.12M
Howmet Aerospace, Inc.HWM3.58%$852.20M
Eli Lilly & Co.LLY3.45%$821.55M
Oracle Corp.ORCL3.42%$813.37M
Datadog, Inc.DDOG3.37%$800.91M
Showing 10 of 34Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 57.45% of net assets, top 25 92.70%, 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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