# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001193125-25-301805
**Filing Date:** 2025-11
**Character Count:** 52978
**Document Hash:** 30fbadc1f6a80981401187d6364aef0a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-301805.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001193125-25-301805

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260630

**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:** 251534210

**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 Mid Cap Value Fund (Series ID: S000010471)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000028927 | Class L      | JMIVX           |
| C000028928 | Class T      | JMCVX           |
| C000077673 | Class A      | JDPAX           |
| C000077674 | Class C      | JMVCX           |
| C000077675 | Class I      | JMVAX           |
| C000077676 | Class R      | JDPRX           |
| C000077677 | Class S      | JMVIX           |
| C000083518 | Class D      | JNMCX           |
| C000114873 | Class N      | JDPNX           |

## Nport-Ex

**Janus Henderson Mid Cap Value Fund**

**Schedule of Investments (unaudited)**

**September 30, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>| *Value* |
| Common Stocks – 98.0% |  |  |
| Aerospace & Defense – 3.6% |  |  |
| &nbsp;&nbsp;&nbsp; BWX Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160312 | &nbsp;&nbsp;&nbsp;&nbsp; $29556723 |
| &nbsp;&nbsp;&nbsp; L3Harris Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41899198 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71455921 |
| Banks – 5.2% |  |  |
| &nbsp;&nbsp;&nbsp; Cullen/Frost Bankers Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20207899 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42380758 |
| &nbsp;&nbsp;&nbsp; Wintrust Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39818616 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 102407273 |
| Beverages – 0.9% |  |  |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 686115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17502794 |
| Biotechnology – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11199584 |
| Building Products – 2.4% |  |  |
| &nbsp;&nbsp;&nbsp; Carlisle Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30647558 |
| &nbsp;&nbsp;&nbsp; Owens Corning | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16941250 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47588808 |
| Capital Markets – 2.7% |  |  |
| &nbsp;&nbsp;&nbsp; Lazard Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33262695 |
| &nbsp;&nbsp;&nbsp; MarketAxess Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20324868 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53587563 |
| Chemicals – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Corteva Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28625750 |
| &nbsp;&nbsp;&nbsp; DuPont de Nemours Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6961923 |
| &nbsp;&nbsp;&nbsp; Westlake Chemical Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25592474 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61180147 |
| Commercial Services & Supplies – 1.4% |  |  |
| &nbsp;&nbsp;&nbsp; Waste Connections Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28329291 |
| Construction Materials – 1.4% |  |  |
| &nbsp;&nbsp;&nbsp; Martin Marietta Materials Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28567441 |
| Consumer Finance – 2.0% |  |  |
| &nbsp;&nbsp;&nbsp; Ally Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp; 1014777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39779258 |
| Containers & Packaging – 1.8% |  |  |
| &nbsp;&nbsp;&nbsp; Ball Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33560107 |
| &nbsp;&nbsp;&nbsp; Graphic Packaging Holding Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1929034 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35489141 |
| Distributors – 1.4% |  |  |
| &nbsp;&nbsp;&nbsp; LKQ Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27812045 |
| Diversified Financial Services – 0.9% |  |  |
| &nbsp;&nbsp;&nbsp; Fidelity National Information Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17444031 |
| Electric Utilities – 6.0% |  |  |
| &nbsp;&nbsp;&nbsp; Alliant Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 783265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52799894 |
| &nbsp;&nbsp;&nbsp; Entergy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43506311 |
| &nbsp;&nbsp;&nbsp; PPL Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 626258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23271747 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 119577952 |
| Electrical Equipment – 1.6% |  |  |
| &nbsp;&nbsp;&nbsp; AMETEK Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31956428 |
| Electronic Equipment, Instruments & Components – 7.2% |  |  |
| &nbsp;&nbsp;&nbsp; Arrow Electronics Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13445520 |
| &nbsp;&nbsp;&nbsp; CDW Corp/DE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18610435 |
| &nbsp;&nbsp;&nbsp; Fabrinet<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19749642 |
| &nbsp;&nbsp;&nbsp; Keysight Technologies Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14513637 |
| &nbsp;&nbsp;&nbsp; Littelfuse Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32581127 |
| &nbsp;&nbsp;&nbsp; Vontier Corp | &nbsp;&nbsp;&nbsp;&nbsp; 1047951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43982503 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 142882864 |
| Energy Equipment & Services – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Baker Hughes Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14067949 |
| Entertainment – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Electronic Arts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24164668 |
| Food & Staples Retailing – 2.8% |  |  |
| &nbsp;&nbsp;&nbsp; Casey's General Stores Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55551170 |
| Food Products – 1.1% |  |  |
| &nbsp;&nbsp;&nbsp; Lamb Weston Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21198271 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Common Stocks – (continued) |  |  |
| Health Care Equipment & Supplies – 2.5% |  |  |
| &nbsp;&nbsp;&nbsp; Globus Medical Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327814 | &nbsp;&nbsp;&nbsp;&nbsp; $18773908 |
| &nbsp;&nbsp;&nbsp; Hologic Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 441951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29827273 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48601181 |
| Health Care Providers & Services – 2.9% |  |  |
| &nbsp;&nbsp;&nbsp; Cardinal Health Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20045518 |
| &nbsp;&nbsp;&nbsp; Humana Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6717850 |
| &nbsp;&nbsp;&nbsp; Labcorp Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30701928 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57465296 |
| Household Durables – 2.3% |  |  |
| &nbsp;&nbsp;&nbsp; Toll Brothers Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26462098 |
| &nbsp;&nbsp;&nbsp; TopBuild Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18619789 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45081887 |
| Industrial Conglomerates – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; 3M Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32736152 |
| Industrial Real Estate Investment Trusts (REITs) – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; STAG Industrial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23118832 |
| Insurance – 7.5% |  |  |
| &nbsp;&nbsp;&nbsp; Axis Capital Holdings Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32910174 |
| &nbsp;&nbsp;&nbsp; Everest Re Group Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42679378 |
| &nbsp;&nbsp;&nbsp; Hartford Financial Services Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35024746 |
| &nbsp;&nbsp;&nbsp; Selective Insurance Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38051745 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 148666043 |
| Life Sciences Tools & Services – 1.5% |  |  |
| &nbsp;&nbsp;&nbsp; ICON PLC<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29551025 |
| Machinery – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; Lincoln Electric Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34162570 |
| Marine – 1.1% |  |  |
| &nbsp;&nbsp;&nbsp; Kirby Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22722517 |
| Media – 1.6% |  |  |
| &nbsp;&nbsp;&nbsp; Fox Corp - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31622705 |
| Metals & Mining – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34472223 |
| Oil, Gas & Consumable Fuels – 5.0% |  |  |
| &nbsp;&nbsp;&nbsp; Chesapeake Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44647360 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31998473 |
| &nbsp;&nbsp;&nbsp; Valero Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22232721 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98878554 |
| Professional Services – 2.0% |  |  |
| &nbsp;&nbsp;&nbsp; TransUnion | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38809912 |
| Real Estate Management & Development – 1.4% |  |  |
| &nbsp;&nbsp;&nbsp; CBRE Group Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28620774 |
| Residential Real Estate Investment Trusts (REITs) – 0.9% |  |  |
| &nbsp;&nbsp;&nbsp; Equity LifeStyle Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18064441 |
| Retail Real Estate Investment Trusts (REITs) – 2.1% |  |  |
| &nbsp;&nbsp;&nbsp; Agree Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41929868 |
| Road & Rail – 2.5% |  |  |
| &nbsp;&nbsp;&nbsp; Canadian Pacific Kansas City Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22318694 |
| &nbsp;&nbsp;&nbsp; Landstar System Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15004530 |
| &nbsp;&nbsp;&nbsp; Saia Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12239334 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49562558 |
| Semiconductor & Semiconductor Equipment – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; Teradyne Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19802680 |
| Software – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; Nice Ltd (ADR)<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18928537 |
| Specialized Real Estate Investment Trusts (REITs) – 1.8% |  |  |
| &nbsp;&nbsp;&nbsp; Lamar Advertising Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36262151 |
| Specialty Retail – 5.6% |  |  |
| &nbsp;&nbsp;&nbsp; AutoZone Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30555089 |
| &nbsp;&nbsp;&nbsp; Bath & Body Works Inc | &nbsp;&nbsp;&nbsp;&nbsp; 1106812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28511477 |
| &nbsp;&nbsp;&nbsp; Boot Barn Holdings Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10715455 |
| &nbsp;&nbsp;&nbsp; Burlington Stores Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15523228 |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24732692 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 110037941 |
| Trading Companies & Distributors – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; MSC Industrial Direct Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20132129 |
| Total Common Stocks (cost $1,372,188,855) |  | &nbsp;&nbsp; 1940972575 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Repurchase Agreements – 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ING Financial Markets LLC, Joint repurchase agreement, 4.1600%, dated <br> 9/30/25, maturing 10/1/25 to be repurchased at $22,402,588 collateralized <br> by $22,292,852 in U.S. Treasuries 4.1250% - 4.3750%, 7/31/28 - 1/31/32 <br> with a value of $22,850,650<br>| $22400000 | &nbsp;&nbsp;&nbsp;&nbsp; $22400000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Bank of Canada, NY Branch, Joint repurchase agreement, 4.1000%, dated <br> 9/30/25, maturing 10/1/25 to be repurchased at $24,002,733 collateralized <br> by $23,574,240 in U.S. Treasuries 1.2500% - 6.3750%, 5/31/27 - 11/15/34 <br> with a value of $24,482,810<br>| &nbsp;&nbsp; 24000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24000000 |
| Total Repurchase Agreements (cost $46,400,000) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46400000 |
| Total Investments (total cost $1,418,588,855) – 100.4% |  | &nbsp;&nbsp; 1987372575 |
| Liabilities, net of Cash, Receivables and Other Assets – (0.4)% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7045414) |
| Net Assets – 100% |  | $1980327161 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** |  |  |
| *Country* | *Value* | &nbsp;&nbsp; *% of* <br>*Investment* <br>*Securities*<br>|
| United States | $1916574319 | &nbsp;&nbsp;&nbsp;&nbsp; 96.4<br> %<br>|
| Ireland | 29551025 | &nbsp;&nbsp;&nbsp;&nbsp;1.5 |
| Canada | 22318694 | &nbsp;&nbsp;&nbsp;&nbsp;1.1 |
| Israel | 18928537 | &nbsp;&nbsp;&nbsp;&nbsp;1.0 |
| Total | $1987372575 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

---

------

**Notes to Schedule of Investments (unaudited)** 

ADR American Depositary Receipt <br> LLC Limited Liability Company <br> PLC Public Limited Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

The following is a summary of the inputs that were used to value the Fund's investments in securities and other financial

instruments as of September 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** |
|  | ***Level 1 -*** <br>***Quoted Prices***<br>| &nbsp;&nbsp; ***Level 2 -*** <br>***Other Significant*** <br>***Observable Inputs***<br>| &nbsp;&nbsp; ***Level 3 -*** <br>***Significant*** <br>***Unobservable Inputs***<br>|
| **Assets** |  |  |  |
| **Investments In Securities:** |  |  |  |
| *Common Stocks* | $1940972575 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- |
| *Repurchase Agreements* | - | &nbsp;&nbsp;&nbsp; 46400000 | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $1940972575 | &nbsp;&nbsp;&nbsp; $46400000 | &nbsp;&nbsp;&nbsp; $- |

---

------

**Investment Valuation**

Fund holdings are valued in accordance with policies and procedures established by the Adviser pursuant to Rule 2a-5 under the 1940 Act and approved by and subject to the oversight of the Trustees (the "Valuation Procedures"). Equity securities traded on a domestic securities exchange are generally valued at readily available market quotations, which are (i) the official close prices or (ii) last sale prices on the primary market or exchange in which the securities trade. If such price is lacking for the trading period immediately preceding the time of determination, such securities are generally valued at their current bid price. Equity securities that are traded on a foreign exchange are generally valued at the closing prices on such markets. In the event that there is no current trading volume on a particular security in such foreign exchange, the bid price from the primary exchange is generally used to value the security. Foreign securities and currencies are converted to U.S. dollars using the current spot USD dollar exchange rate in effect at the close of the New York Stock Exchange ("NYSE"). The Adviser will determine the market value of individual securities held by it by using prices provided by one or more Adviser-approved professional pricing services or, as needed, by obtaining market quotations from independent broker-dealers. Most debt securities are valued in accordance with the evaluated bid price supplied by the pricing service that is intended to reflect market value. The evaluated bid price supplied by the pricing service is an evaluation that may consider factors such as security prices, yields, maturities, and ratings. Certain short-term securities maturing within 60 days or less may be evaluated and valued on an amortized cost basis provided that the amortized cost determined approximates market value. Securities for which market quotations or evaluated prices are not readily available or deemed unreliable are valued at fair value determined in good faith by the Adviser pursuant to the Valuation Procedures. Circumstances in which fair valuation may be utilized include, but are not limited to: (i) a significant event that may affect the securities of a single issuer, such as a merger, bankruptcy, or significant issuer-specific development; (ii) an event that may affect an entire market, such as a natural disaster or significant governmental action; (iii) a nonsignificant event such as a market closing early or not opening, or a security trading halt; and (iv) pricing of a non-valued security and a restricted or nonpublic security. Special valuation considerations may apply with respect to "odd-lot" fixed-income transactions which, due to their small size, may receive evaluated prices by pricing services which reflect a large block trade and not what actually could be obtained for the odd-lot position. The value of the securities of other mutual funds held by the Fund, if any, will be calculated using the NAV of such mutual funds, and the prospectuses for such mutual funds explain the circumstances under which they use fair valuation and the effects of using fair valuation. The value of the securities of any cash management pooled investment vehicles that

operate as money market funds held by the Fund, if any, will be calculated using the NAV of such funds.

**Valuation Inputs Summary**

FASB ASC 820, *Fair Value Measurements and Disclosures* ("ASC 820"), defines fair value, establishes a framework for measuring fair value, and expands disclosure requirements regarding fair value measurements. This standard emphasizes that fair value is a market-based measurement that should be determined based on the assumptions that market participants would use in pricing an asset or liability and establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. These inputs are summarized into three broad levels:

Level 1 – Unadjusted quoted prices in active markets the Fund has the ability to access for identical assets or liabilities.

Level 2 – Observable inputs other than unadjusted quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default

rates and similar data.

Assets or liabilities categorized as Level 2 in the hierarchy generally include: debt securities fair valued in accordance with the evaluated bid or ask prices supplied by a pricing service; securities traded on OTC markets and listed securities for which no sales are reported that are fair valued at the latest bid price (or yield equivalent thereof) obtained from one or more dealers transacting in a market for such securities or by a pricing service approved by the Fund's Trustees; certain short-term debt securities with maturities of 60 days or less that are fair valued at amortized cost; and equity securities of foreign issuers whose fair value is determined by using systematic fair valuation models provided by independent third parties in order to adjust for stale pricing which may occur between the close of certain foreign exchanges and the close of the NYSE. Other securities that may be categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, swaps,

investments in unregistered investment companies, options, and forward contracts.

Level 3 – Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.

There have been no significant changes in valuation techniques used in valuing any such positions held by the Fund since the beginning of the fiscal period.

------

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of September 30, 2025 to fair value the Fund's investments in securities and other financial instruments is included in the "Valuation Inputs Summary" in the Notes to Schedule of Investments.

------

For additional information on the Fund, please refer to the Fund's most recent semiannual or annual financial

statements.

125-25-70284 11-25

------

## 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 Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000010471

- **c. LEI of Series:** DVD51L5R37HV8DO3EA61

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1981767132.45

**Total Liabilities:** $1439971.71

**Net Assets:** $1980327160.74

**Cash Not Reported:** $58285.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028927 | 0.00%                | 0.00%                | 0.00%                |
| Class ID C000028928 | 1.21%                | 3.01%                | -0.85%               |
| Class ID C000077673 | 1.18%                | 3.01%                | -0.89%               |
| Class ID C000077674 | 1.11%                | 2.96%                | -1.00%               |
| Class ID C000077675 | 1.15%                | 3.03%                | -0.86%               |
| Class ID C000077676 | 1.15%                | 2.97%                | -0.92%               |
| Class ID C000077677 | 1.12%                | 3.01%                | -0.89%               |
| Class ID C000083518 | 1.15%                | 3.04%                | -0.86%               |
| Class ID C000114873 | 1.22%                | 3.05%                | -0.86%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20527654.00             | $2427954.00                                |
| Month 2  | $25927185.00             | $30641330.00                               |
| Month 3  | $7386263.00              | $-26494293.00                              |

**Designated Index Information**

- **Index Name:** Russell MidCap Value Index

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

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agree Realty Corp                          | Agree Realty Corp COM USD0.0001                        | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |    590229 | NS      | $41929868.16  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                 | Alliant Energy Corporation COM USD0.01                 | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    783265 | NS      | $52799893.65  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                        | Ally Financial Inc. COM USD0.01                        | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |   1014777 | NS      | $39779258.40  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                               | Ametek, Inc. COM USD0.01                               | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |    169981 | NS      | $31956428.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                    | Arrow Electronics, Inc. COM USD1                       | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |    111120 | NS      | $13445520.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                             | Autozone, Inc. COM USD0.01                             | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      7122 | NS      | $30555089.28  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                      | BWX Technologies Inc. COM USD0.01                      | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    160312 | NS      | $29556723.44  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                       | Baker Hughes Company COM USD0.0001 CL A                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    288751 | NS      | $14067948.72  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corporation                           | Ball Corporation COM NPV                               | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    665611 | NS      | $33560106.62  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                      | Bath & Body Works Inc COM                              | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |   1106812 | NS      | $28511477.12  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical Inc.               | Biomarin Pharmaceutical Inc. COM USD0.001              | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |    206787 | NS      | $11199583.92  | 0.57%             |  |  |  | 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        |     64660 | NS      | $10715455.20  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                     | Burlington Stores Inc. COM USD0.0001                   | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     60995 | NS      | $15523227.50  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc.                            | CBRE Group Inc. COM USD0.01 CLASS A                    | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    181650 | NS      | $28620774.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                   | CDW Corp COM USD0.01                                   | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    104456 | NS      | $16637751.68  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.          | Canadian Pacific Kansas City Ltd. COM                  | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    299620 | NS      | $22318693.80  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                      | Cardinal Health, Inc. COM NPV                          | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |    127711 | NS      | $20045518.56  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                    | Carlisle Companies Inc. COM USD1                       | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     93165 | NS      | $30647558.40  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                        | Valero Energy Corp. COM USD0.01                        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    130581 | NS      | $22232721.06  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                        | Vontier Corporation COM                                | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |   1047951 | NS      | $43982503.47  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc.                     | Waste Connections Inc. COM NPV                         | CUSIP: 94106B101<br>LEI: 549300ZX1Z8QGWASPX54 | Long             | EC               | CORP              | US        |    161145 | NS      | $28329291.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corporation                       | Westlake Corporation COM USD0.01                       | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    332111 | NS      | $25592473.66  | 1.29%             |  |  |  | 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        |    343530 | NS      | $32910174.00  | 1.66%             |  |  |  | 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        |     98265 | NS      | $55551169.80  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                             | ConocoPhillips COM USD0.01                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    338286 | NS      | $31998472.74  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                | Corteva Inc COM USD0.01                                | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    423270 | NS      | $28625750.10  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                 | Cullen/Frost Bankers, Inc. COM USD0.01                 | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |    159406 | NS      | $20207898.62  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corporation                            | LKQ Corporation COM USD0.01                            | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    910676 | NS      | $27812045.04  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                       | Labcorp Holdings Inc COM SHS                           | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106953 | NS      | $30701928.18  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                  | Lamar Advertising Company COM USD0.001 CL A            | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |    296211 | NS      | $36262150.62  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                   | Lamb Weston Holdings Inc COM USD1.00                   | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |    366263 | NS      | $21272555.04  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc.                       | Landstar System Inc. COM USD0.01                       | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |    122426 | NS      | $15004530.56  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                 | Lazard Inc COM                                         | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |    630214 | NS      | $33262694.92  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.             | Lincoln Electric Holdings Inc. COM NPV                 | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |    144861 | NS      | $34162569.63  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                            | Littelfuse Inc. COM USD0.01                            | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |    125791 | NS      | $32581126.91  | 1.65%             |  |  |  | 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        |    218495 | NS      | $20132129.30  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                  | MarketAxess Holdings Inc. COM USD0.003                 | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |    116642 | NS      | $20324868.50  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc              | Martin Marietta Materials Inc COM USD0.01              | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     45325 | NS      | $28567441.00  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Limited                               | Nice Limited ADR-EACH REPR 1 ORD ILS1                  | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             |  | CORP              | US        |    130740 | NS      | $18928537.20  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                   | O'Reilly Automotive Inc. USD0.01                       | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    229410 | NS      | $24732692.10  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                              | Owens Corning COM USD0.01                              | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    119760 | NS      | $16941249.60  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                       | Electronic Arts Inc. COM USD0.01                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    119805 | NS      | $24164668.50  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.          | PNC Financial Services Group Inc. COM USD5             | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    210923 | NS      | $42380758.39  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                            | PPL Corporation COM USD0.01                            | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    626258 | NS      | $23271747.28  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                   | Saia Inc COM USD0.001                                  | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     40885 | NS      | $12239333.60  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc.             | Selective Insurance Group Inc. COM USD2                | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |    469369 | NS      | $38051744.83  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                      | STAG Industrial, Inc. COM USD0.01                      | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    655110 | NS      | $23118831.90  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                              | Teradyne Inc. COM USD0.125                             | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    143873 | NS      | $19802679.72  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                        | Expand Energy Corp. COM                                | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    420250 | NS      | $44647360.00  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                        | Entergy Corporation COM USD0.01                        | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    466856 | NS      | $43506310.64  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc            | Equity Lifestyle Properties Inc COM USD0.01            | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    297602 | NS      | $18064441.40  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services Inc COM USD0.01 | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    264544 | NS      | $17444031.36  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                            | Fox Corporation COM USD0.01 CL B                       | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    551976 | NS      | $31622705.04  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                      | Freeport-McMoRan Inc. COM USD0.10                      | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    878945 | NS      | $34472222.90  | 1.74%             |  |  |  | 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        |    327814 | NS      | $18773907.78  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Company          | Graphic Packaging Holding Company COM STK USD0.01      | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200345 | NS      | $3920751.65   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.          | The Hartford Insurance Group Inc. COM USD0.01          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    262574 | NS      | $35024745.86  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                | Hologic Inc COM USD0.01                                | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |    441951 | NS      | $29827272.99  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                | Humana Inc. COM USD0.166                               | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     25821 | NS      | $6717849.57   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                       | Keurig Dr Pepper Inc COM USD0.01                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    686115 | NS      | $17502793.65  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                | Keysight Technologies, Inc. COM USD0.01 WD             | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     82973 | NS      | $14513637.16  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                 | Kirby Corp COM USD0.10                                 | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    272289 | NS      | $22722517.05  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                 | L3 Harris Technologies Inc COM USD1.00                 | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    137190 | NS      | $41899197.90  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation             | Wintrust Financial Corporation COM NPV                 | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |    300654 | NS      | $39818615.76  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                          | Everest Group Ltd COM USD0.01                          | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | US        |    121861 | NS      | $42679378.03  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                   | Fabrinet COM USD0.01                                   | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | US        |     54165 | NS      | $19749642.30  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                   | Icon PLC ORD EUR0.06                                   | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | US        |    168863 | NS      | $29551025.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                                 | 3M Company COM USD0.01                                 | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    210956 | NS      | $32736152.08  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                        | Toll Brothers, Inc. COM USD0.01                        | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |    191560 | NS      | $26462098.40  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                       | Topbuild Corporation COM USD0.01 'WI'                  | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     47638 | NS      | $18619788.68  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                 | TransUnion COM USD0.01                                 | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |    463236 | NS      | $38809912.08  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | ING Financial Markets LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |  22400000 | PA      | $22400000.00  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                        | Royal Bank of Canada, NY Branch                        | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |  24000000 | PA      | $24000000.00  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-14

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

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