# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001145549-25-057315
**Filing Date:** 2025-8
**Character Count:** 29870
**Document Hash:** 36484539466a8f81c21f0009fd8d3c47
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057315.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057315

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS INVESTMENT FUND
- **CENTRAL INDEX KEY:** 0000277751

**ORGANIZATION NAME:**
- **EIN:** 840592523
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01879
- **FILM NUMBER:** 251279177

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-333-3863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JANUS FUND /MD/
- **DATE OF NAME CHANGE:** 19870701

## Series and Classes Contracts Data

### Janus Henderson Small Cap Value Fund (Series ID: S000010480)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000028939 | Class L      | JSIVX           |
| C000028940 | Class T      | JSCVX           |
| C000077705 | Class A      | JDSAX           |
| C000077706 | Class C      | JCSCX           |
| C000077707 | Class I      | JSCOX           |
| C000077708 | Class R      | JDSRX           |
| C000077709 | Class S      | JISCX           |
| C000083526 | Class D      | JNPSX           |
| C000114879 | Class N      | JDSNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** JANUS INVESTMENT FUND

- **b. Investment Company Act file number:** 811-01879

- **c. CIK number of Registrant:** 0000277751

- **d. LEI of Registrant:** W6UYDZFUOFJ4HQQ32382

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 151 Detroit Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Janus Henderson Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000010480

- **c. LEI of Series:** 4JUN205P8U622DADVL73

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1226161034.81

**Total Liabilities:** $1227185.35

**Net Assets:** $1224933849.46

**Cash Not Reported:** $38307.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028939 | -5.68%               | 4.06%                | 3.77%                |
| Class ID C000028940 | -5.71%               | 4.07%                | 3.72%                |
| Class ID C000077705 | -5.71%               | 4.04%                | 3.74%                |
| Class ID C000077706 | -5.76%               | 4.03%                | 3.67%                |
| Class ID C000077707 | -5.70%               | 4.11%                | 3.76%                |
| Class ID C000077708 | -5.74%               | 4.03%                | 3.67%                |
| Class ID C000077709 | -5.70%               | 4.03%                | 3.73%                |
| Class ID C000083526 | -5.70%               | 4.10%                | 3.74%                |
| Class ID C000114879 | -5.68%               | 4.13%                | 3.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18797712.00            | $-55736171.00                              |
| Month 2  | $-23797282.00            | $71457980.00                               |
| Month 3  | $-8534484.00             | $55727807.00                               |

**Designated Index Information**

- **Index Name:** RUSSELL 2000 VALUE IDX

- **Index Identifier:** RUSSELL.MC.RUJ

### Schedule of Portfolio Investments

| Name                                   | Title                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Piper Sandler Companies                | Piper Sandler Companies COM USD0.01                   | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     69470 | NS      | $19308491.80  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Proassurance Corp                      | Proassurance Corp COM USD0.01                         | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |    805045 | NS      | $18379177.35  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Houghton                        | Quaker Houghton COM USD1                              | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |    112111 | NS      | $12549705.34  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                            | Rambus Inc. COM USD0.001                              | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     92930 | NS      | $5949378.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.            | Casey'S General Stores Inc. COM NPV                   | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     38552 | NS      | $19671929.04  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation       | Chesapeake Utilities Corporation COM USD0.4867        | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |    201383 | NS      | $24210264.26  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                     | Enovis Corporation COM                                | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    373509 | NS      | $11713242.24  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc.           | Columbia Banking System Inc. COM NPV                  | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    644247 | NS      | $15062494.86  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company              | Commercial Metals Company COM USD5                    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    554468 | NS      | $27119029.88  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.              | Curbline Properties Corp. COM                         | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    405056 | NS      | $9247428.48   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                   | Eagle Materials Inc. COM USD0.01                      | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     48338 | NS      | $9769593.18   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                 | Eastern Bankshares Inc COM                            | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |   1212350 | NS      | $18512584.50  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corporation           | Envista Holdings Corporation COM USD0.01              | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |   1097427 | NS      | $21443723.58  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                     | FB Financial Corp. COM USD1.00                        | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |    498674 | NS      | $22589932.20  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corporation                | First Busey Corporation COM USD0.001                  | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |    941431 | NS      | $21544648.44  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corporation           | Fulton Financial Corporation COM USD2.50              | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |   1912433 | NS      | $34500291.32  | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                       | GATX Corporation COM USD0.625                         | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |    124691 | NS      | $19147549.96  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                         | Globus Med Inc COM USD0.001 CL 'A'                    | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    225987 | NS      | $13337752.74  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.        | Gulfport Energy Operating Corp. COMMON SHARES         | CUSIP: 402635502<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106000 | NS      | $21324020.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                      | HF Sinclair Corp. COM                                 | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |    323686 | NS      | $13297020.88  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.      | The Hanover Insurance Group, Inc. COM USD0.01         | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |    202291 | NS      | $34363172.17  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc.         | Healthcare Services Group Inc. COM USD0.01            | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    947756 | NS      | $14244772.68  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                | Helios Technologies Inc COM USD0.001                  | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |    280322 | NS      | $9354345.14   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                   | Hilltop Holdings Inc COM STK USD0.01                  | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     36107 | NS      | $1095847.45   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets, Incorporated           | Ingles Markets, Incorporated CLASS'A'COM USD0.05      | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |    199996 | NS      | $12675746.48  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC                | Cushman & Wakefield PLC COM USD0.01                   | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2186687 | NS      | $24206625.09  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                               | Fabrinet COM USD0.01                                  | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | US        |     52324 | NS      | $15418836.32  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Madden(Steven)Ltd.                     | Madden(Steven)Ltd. COM USD0.0001                      | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |    456300 | NS      | $10942074.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ncino Inc.                             | Ncino Inc. COM                                        | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |    521192 | NS      | $14577740.24  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartStop Self Storage REIT Inc        | SmartStop Self Storage REIT Inc COMMON STOCK          | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |    331513 | NS      | $12010715.99  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                   | Thor Industries Inc. COM USD0.10                      | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |    135204 | NS      | $12007467.24  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TowneBank (Portsmouth Virginia)        | TowneBank (Portsmouth Virginia) COM STK NPV           | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |    676181 | NS      | $23111866.58  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                    | Vontier Corporation COM                               | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    448812 | NS      | $16561162.80  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation         | Wintrust Financial Corporation COM NPV                | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |    241768 | NS      | $29974396.64  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                       | WisdomTree, Inc. COM USD0.01                          | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |   1898380 | NS      | $21850353.80  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                      | Yeti Holdings Inc COM USD0.01                         | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    261810 | NS      | $8252251.20   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | ING Financial Markets LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |  11700000 | PA      | $11700000.00  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | Royal Bank of Canada, NY Branch                       | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |  15000000 | PA      | $15000000.00  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Tower Semiconductor Limited            | Tower Semiconductor Limited ORD ILS1                  | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | US        |    277890 | NS      | $12046531.50  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                              | AAR Corp. COM USD1                                    | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |    262772 | NS      | $18076085.88  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc        | Academy Sports and Outdoors Inc COM                   | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    418426 | NS      | $18749669.06  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                         | Ameris Bancorp COM USD1                               | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    511482 | NS      | $33092885.40  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc.     | Atmus Filtration Technologies Inc. COM                | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    381964 | NS      | $13911128.88  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                | Black Hills Corporation COM USD1                      | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    403762 | NS      | $22651048.20  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                 | Boot Barn Holdings Inc COM USD0.0001                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     86325 | NS      | $13121400.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc               | Broadstone Net Lease Inc COM                          | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |   1187078 | NS      | $19052601.90  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc.         | Business First Bancshares Inc. COM USD1.00            | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |    735269 | NS      | $18124380.85  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc             | Coca-Cola Consolidated Inc COM USD1                   | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |    142910 | NS      | $15955901.50  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc.               | Insight Enterprises Inc. COM USD0.01                  | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     74942 | NS      | $10348366.07  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                           | Innospec Inc COM USD0.01                              | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |    186269 | NS      | $15663360.21  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc          | Janus International Group Inc COMMON STOCK            | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    441540 | NS      | $3594135.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                             | Kirby Corp COM USD0.10                                | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    286243 | NS      | $32462818.63  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                             | Lazard Inc COM                                        | CUSIP: 52110M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    379623 | NS      | $18214311.54  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                        | Littelfuse Inc. COM USD0.01                           | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     44797 | NS      | $10156823.81  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc.                         | M/I Homes Inc. COM USD0.01                            | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     99285 | NS      | $11131834.20  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc.          | MSC Industrial Direct Co Inc. CL A COM USD0.001       | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |    106768 | NS      | $9077415.36   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corporation         | Magnolia Oil & Gas Corporation COM USD0.0001 CLASS A  | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    943533 | NS      | $21210621.84  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                       | Malibu Boats Inc COM USD0.01 CL A                     | CUSIP: 56117J100<br>LEI: 549300MHGS3WZNRLUK77 | Long             | EC               | CORP              | US        |    348948 | NS      | $10936030.32  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company              | Matador Resources Company COM USD0.01                 | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    534324 | NS      | $25497941.28  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                    | Meritage Homes Corp COM USD0.01                       | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |    121123 | NS      | $8111607.31   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc.                 | Mesa Laboratories Inc. COM NPV                        | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |    105480 | NS      | $9938325.60   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NAPCO Security Technologies Inc.       | NAPCO Security Technologies Inc. COM USD0.01          | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |    193136 | NS      | $5734207.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust      | National Storage Affiliates Trust USD0.01(BEN OF INT) | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |    197687 | NS      | $6324007.13   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Nicolet Bankshares Inc.                | Nicolet Bankshares Inc. COM USD0.01                   | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    149236 | NS      | $18427661.28  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                            | OFG Bancorp COM USD1                                  | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | US        |    572504 | NS      | $24503171.20  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc               | Phillips Edison & Co Inc COMMON STOCK                 | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |    521938 | NS      | $18283488.14  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc.                  | Rush Enterprises Inc. COM CLASS'A'USD0.01             | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |    380561 | NS      | $19602697.11  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanfilippo(John B)                     | Sanfilippo(John B) COM USD0.01                        | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |    143625 | NS      | $9082845.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc.         | Selective Insurance Group Inc. COM USD2               | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     85383 | NS      | $7398436.95   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                  | STAG Industrial, Inc. COM USD0.01                     | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    789627 | NS      | $28647667.56  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Group Services Inc                | Boyd Group Services Inc COM                           | CUSIP: 103310108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    130368 | NS      | $20480108.11  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS Capital Holdings Limited          | AXIS Capital Holdings Limited COM USD0.0125           | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | US        |    364638 | NS      | $37856717.16  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapiens International Corporation N.V. | Sapiens International Corporation N.V. COM EUR0.01    | CUSIP: G7T16G103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    379179 | NS      | $11090985.75  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-14

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER