# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001145549-25-057296
**Filing Date:** 2025-8
**Character Count:** 51458
**Document Hash:** d66ea7094b4a92fa498b7f5b9b481ce9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057296.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057296

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**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:** 251279156

**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 Global Real Estate Fund (Series ID: S000025889)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000077597 | Class A      | JERAX           |
| C000077598 | Class C      | JERCX           |
| C000077599 | Class I      | JERIX           |
| C000077600 | Class S      | JERSX           |
| C000077601 | Class T      | JERTX           |
| C000083540 | Class D      | JNGSX           |
| C000198287 | Class N      | JERNX           |

## Nport-Ex

**Janus Henderson Global Real Estate Fund**

**Schedule of Investments (unaudited)**

**June 30, 2025**

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

---

| | | |
|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>| *Value* |
| Common Stocks – 99.8% |  |  |
| Capital Markets – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; HMC Capital Ltd | &nbsp;&nbsp; 302597 | &nbsp;&nbsp;&nbsp;&nbsp; $1015453 |
| Diversified Telecommunication Services – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp; Cellnex Telecom SA<sup>ž,\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 44745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1736488 |
| Equity Real Estate Investment Trusts (REITs) – 3.8% |  |  |
| &nbsp;&nbsp;&nbsp; British Land Co PLC | &nbsp;&nbsp; 431503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2229022 |
| &nbsp;&nbsp;&nbsp; Merlin Properties Socimi SA | &nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4063766 |
| &nbsp;&nbsp;&nbsp; Stockland | &nbsp;&nbsp; 715104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2522081 |
| &nbsp;&nbsp;&nbsp; United Urban Investment Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2715516 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11530385 |
| Health Care Real Estate Investment Trusts (REITs) – 11.1% |  |  |
| &nbsp;&nbsp;&nbsp; Aedifica SA | &nbsp;&nbsp;&nbsp;&nbsp; 22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1711462 |
| &nbsp;&nbsp;&nbsp; Healthcare Realty Trust Inc | &nbsp;&nbsp; 220674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3499890 |
| &nbsp;&nbsp;&nbsp; Sabra Health Care Inc | &nbsp;&nbsp; 411181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7582178 |
| &nbsp;&nbsp;&nbsp; Ventas Inc | &nbsp;&nbsp; 153955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9722258 |
| &nbsp;&nbsp;&nbsp; Welltower Inc | &nbsp;&nbsp;&nbsp;&nbsp; 70138 | &nbsp;&nbsp;&nbsp;&nbsp; 10782315 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 33298103 |
| Hotel & Resort Real Estate Investment Trusts (REITs) – 2.2% |  |  |
| &nbsp;&nbsp;&nbsp; Invincible Investment Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1844198 |
| &nbsp;&nbsp;&nbsp; Ryman Hospitality Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp; 49136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4848249 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6692447 |
| Household Durables – 1.6% |  |  |
| &nbsp;&nbsp;&nbsp; DR Horton Inc | &nbsp;&nbsp;&nbsp;&nbsp; 36530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4709447 |
| Industrial Real Estate Investment Trusts (REITs) – 12.0% |  |  |
| &nbsp;&nbsp;&nbsp; EastGroup Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp; 30909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5165512 |
| &nbsp;&nbsp;&nbsp; First Industrial Realty Trust Inc | &nbsp;&nbsp; 108204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5207859 |
| &nbsp;&nbsp;&nbsp; Goodman Group | &nbsp;&nbsp; 513423 | &nbsp;&nbsp;&nbsp;&nbsp; 11567355 |
| &nbsp;&nbsp;&nbsp; Prologis Inc | &nbsp;&nbsp;&nbsp;&nbsp; 83593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8787296 |
| &nbsp;&nbsp;&nbsp; Segro PLC | &nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2191807 |
| &nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC | 1550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3139779 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 36059608 |
| Office Real Estate Investment Trusts (REITs) – 4.7% |  |  |
| &nbsp;&nbsp;&nbsp; Boston Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp; 68046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4591064 |
| &nbsp;&nbsp;&nbsp; Helical PLC | &nbsp;&nbsp; 434155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1370420 |
| &nbsp;&nbsp;&nbsp; Highwoods Properties Inc | &nbsp;&nbsp; 150314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4673262 |
| &nbsp;&nbsp;&nbsp; Japan Real Estate Investment Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3491392 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14126138 |
| Real Estate Management & Development – 18.3% |  |  |
| &nbsp;&nbsp;&nbsp; Capitaland Investment Ltd/Singapore | 1805300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3763409 |
| &nbsp;&nbsp;&nbsp; CBRE Group Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 45732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6407968 |
| &nbsp;&nbsp;&nbsp; China Resources Land Ltd | 1937500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6565537 |
| &nbsp;&nbsp;&nbsp; CTP NV<sup>ž</sup> <br>| &nbsp;&nbsp; 102000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2143221 |
| &nbsp;&nbsp;&nbsp; Fastighets AB Balder - Class B<sup>\*</sup> <br>| &nbsp;&nbsp; 464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3447250 |
| &nbsp;&nbsp;&nbsp; Hongkong Land Holdings Ltd | &nbsp;&nbsp; 941200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5430724 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Estate Co Ltd | &nbsp;&nbsp; 199551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3745999 |
| &nbsp;&nbsp;&nbsp; Mitsui Fudosan Co Ltd | &nbsp;&nbsp; 760200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7364949 |
| &nbsp;&nbsp;&nbsp; Sun Hung Kai Properties Ltd | &nbsp;&nbsp; 748500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8586624 |
| &nbsp;&nbsp;&nbsp; VGP NV | &nbsp;&nbsp;&nbsp;&nbsp; 26832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2702035 |
| &nbsp;&nbsp;&nbsp; Vonovia SE | &nbsp;&nbsp; 143000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5037607 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 55195323 |
| Residential Real Estate Investment Trusts (REITs) – 12.2% |  |  |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent LP | &nbsp;&nbsp; 230475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8313233 |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities Inc | &nbsp;&nbsp;&nbsp;&nbsp; 47740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9715090 |
| &nbsp;&nbsp;&nbsp; Comforia Residential Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3062328 |
| &nbsp;&nbsp;&nbsp; Equity LifeStyle Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp; 98341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6064690 |
| &nbsp;&nbsp;&nbsp; UDR Inc | &nbsp;&nbsp; 181700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7418811 |
| &nbsp;&nbsp;&nbsp; UNITE Group PLC | &nbsp;&nbsp; 170435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1982346 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 36556498 |
| Retail Real Estate Investment Trusts (REITs) – 13.6% |  |  |
| &nbsp;&nbsp;&nbsp; Agree Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp; 78258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5717530 |
| &nbsp;&nbsp;&nbsp; CapitaLand Integrated Commercial Trust | 2264050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3864843 |
| &nbsp;&nbsp;&nbsp; Federal Realty Investment Trust | &nbsp;&nbsp;&nbsp;&nbsp; 71362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6778676 |
| &nbsp;&nbsp;&nbsp; Hammerson PLC | &nbsp;&nbsp; 429226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1761320 |
| &nbsp;&nbsp;&nbsp; Japan Retail Fund Investment Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3391027 |
| &nbsp;&nbsp;&nbsp; Macerich Co | &nbsp;&nbsp; 324200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5245556 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Common Stocks – (continued) |  |  |
| Retail Real Estate Investment Trusts (REITs) – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; NetSTREIT Corp<sup>#</sup> <br>| &nbsp;&nbsp; 364360 | &nbsp;&nbsp;&nbsp;&nbsp; $6168615 |
| &nbsp;&nbsp;&nbsp; Scentre Group | 1388255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3251953 |
| &nbsp;&nbsp;&nbsp; Unibail-Rodamco-Westfield<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 49000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4682771 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 40862291 |
| Specialized Real Estate Investment Trusts (REITs) – 19.4% |  |  |
| &nbsp;&nbsp;&nbsp; CubeSmart | &nbsp;&nbsp; 185024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7863520 |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp; 79498 | &nbsp;&nbsp;&nbsp;&nbsp; 13858886 |
| &nbsp;&nbsp;&nbsp; Equinix Inc | &nbsp;&nbsp;&nbsp;&nbsp; 20526 | &nbsp;&nbsp;&nbsp;&nbsp; 16327817 |
| &nbsp;&nbsp;&nbsp; Keppel DC | 2112100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3871297 |
| &nbsp;&nbsp;&nbsp; Public Storage | &nbsp;&nbsp;&nbsp;&nbsp; 32921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9659680 |
| &nbsp;&nbsp;&nbsp; Safestore Holdings PLC | &nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2380567 |
| &nbsp;&nbsp;&nbsp; SBA Communications Corp | &nbsp;&nbsp;&nbsp;&nbsp; 18319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4302034 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 58263801 |
| Total Common Stocks (cost $268,661,629) |  | &nbsp;&nbsp; 300045982 |
| Investment Companies – 0.5% |  |  |
| Money Markets – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº,</sup><sup>£</sup> (cost $1,469,260) | 1468966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1469260 |
| Investments Purchased with Cash Collateral from Securities Lending – 1.5% |  |  |
| Investment Companies – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº,</sup><sup>£</sup> <br>| 3749264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3749264 |
| Time Deposits – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, 4.3100%, 7/1/25 | $937316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937316 |
| Total Investments Purchased with Cash Collateral from Securities Lending (cost $4,686,580) | Total Investments Purchased with Cash Collateral from Securities Lending (cost $4,686,580) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4686580 |
| Total Investments (total cost $274,817,469) – 101.8% |  | &nbsp;&nbsp; 306201822 |
| Liabilities, net of Cash, Receivables and Other Assets – (1.8)% |  | &nbsp;&nbsp;&nbsp;&nbsp; (5525531) |
| Net Assets – 100% |  | $300676291 |

---

&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 | $189567276 | &nbsp;&nbsp;&nbsp;&nbsp; 61.9<br> %<br>|
| Japan | 25615409 | &nbsp;&nbsp;&nbsp;&nbsp;8.4 |
| Australia | 18356842 | &nbsp;&nbsp;&nbsp;&nbsp;6.0 |
| United Kingdom | 15055261 | &nbsp;&nbsp;&nbsp;&nbsp;4.9 |
| Hong Kong | 14017348 | &nbsp;&nbsp;&nbsp;&nbsp;4.6 |
| Singapore | 11499549 | &nbsp;&nbsp;&nbsp;&nbsp;3.8 |
| China | 6565537 | &nbsp;&nbsp;&nbsp;&nbsp;2.1 |
| Spain | 5800254 | &nbsp;&nbsp;&nbsp;&nbsp;1.9 |
| Germany | 5037607 | &nbsp;&nbsp;&nbsp;&nbsp;1.7 |
| France | 4682771 | &nbsp;&nbsp;&nbsp;&nbsp;1.5 |
| Belgium | 4413497 | &nbsp;&nbsp;&nbsp;&nbsp;1.4 |
| Sweden | 3447250 | &nbsp;&nbsp;&nbsp;&nbsp;1.1 |
| Netherlands | 2143221 | &nbsp;&nbsp;&nbsp;&nbsp;0.7 |
| Total | $306201822 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** |
| *Affiliate* | *Affiliated* <br>*Investments,* <br>*at Value at* <br>*9/30/24*<br>| *Purchases* | *Sales* <br>*Proceeds*<br>| *Realized* <br>*Gain/(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation/* <br>*Depreciation*<br>| *Affiliated* <br>*Investments,* <br>*at Value at* <br>*6/30/25*<br>| *Ending* <br>*Shares*<br>| *Dividend* <br>*Income*<br>|
| Investment Companies - 0.5% | Investment Companies - 0.5% | Investment Companies - 0.5% | Investment Companies - 0.5% | Investment Companies - 0.5% | Investment Companies - 0.5% | Investment Companies - 0.5% | Investment Companies - 0.5% | Investment Companies - 0.5% |
| Money Markets - 0.5% | Money Markets - 0.5% | Money Markets - 0.5% | Money Markets - 0.5% | Money Markets - 0.5% | Money Markets - 0.5% | Money Markets - 0.5% | Money Markets - 0.5% | Money Markets - 0.5% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; $1857946 | &nbsp;&nbsp; $70219303 | &nbsp;&nbsp; $(70607988) | &nbsp;&nbsp; $(65) | &nbsp;&nbsp; $64 | &nbsp;&nbsp; $1469260 | &nbsp;&nbsp; 1468966 | &nbsp;&nbsp; $75946 |

---

------

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliate* | *Affiliated*<br> *Investments,*<br> *at Value at*<br> *9/30/24*<br>| *Purchases* | *Sales*<br> *Proceeds*<br>| *Realized*<br> *Gain/(Loss)*<br>| *Change in*<br> *Unrealized*<br> *Appreciation/*<br> *Depreciation*<br>| *Affiliated*<br> *Investments,*<br> *at Value at*<br> *6/30/25*<br>| *Ending*<br> *Shares*<br>| *Dividend*<br> *Income*<br>|
| Investments Purchased with Cash Collateral from Securities Lending - 1.2% | Investments Purchased with Cash Collateral from Securities Lending - 1.2% | Investments Purchased with Cash Collateral from Securities Lending - 1.2% | Investments Purchased with Cash Collateral from Securities Lending - 1.2% | Investments Purchased with Cash Collateral from Securities Lending - 1.2% | Investments Purchased with Cash Collateral from Securities Lending - 1.2% | Investments Purchased with Cash Collateral from Securities Lending - 1.2% | Investments Purchased with Cash Collateral from Securities Lending - 1.2% | Investments Purchased with Cash Collateral from Securities Lending - 1.2% |
| Investment Companies - 1.2% | Investment Companies - 1.2% | Investment Companies - 1.2% | Investment Companies - 1.2% | Investment Companies - 1.2% | Investment Companies - 1.2% | Investment Companies - 1.2% | Investment Companies - 1.2% | Investment Companies - 1.2% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.2933%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; $4537152 | &nbsp;&nbsp; $37885200 | &nbsp;&nbsp; $(38673088) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $3749264 | &nbsp;&nbsp; 3749264 | &nbsp;&nbsp; $10445 <br><sup>∆</sup><br>|
| Total Affiliated Investments - 1.7% | Total Affiliated Investments - 1.7% | Total Affiliated Investments - 1.7% | Total Affiliated Investments - 1.7% | Total Affiliated Investments - 1.7% | Total Affiliated Investments - 1.7% | Total Affiliated Investments - 1.7% | Total Affiliated Investments - 1.7% | Total Affiliated Investments - 1.7% |
|  | &nbsp;&nbsp; $6395098 | &nbsp;&nbsp; $108104503 | &nbsp;&nbsp; $(109281076) | &nbsp;&nbsp; $(65) | &nbsp;&nbsp; $64 | &nbsp;&nbsp; $5218524 | &nbsp;&nbsp; 5218230 | &nbsp;&nbsp; $86391 |

---

------

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

LLC Limited Liability Company <br> LP Limited Partnership <br> PLC Public Limited Company

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

---

| |
|:---|
| &nbsp;&nbsp; Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale <br> and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be <br> liquid under guidelines established by the Board of Trustees. The total value of 144A securities as of the period ended June 30, 2025 is <br> $3,879,709, which represents 1.3% of net assets.<br>|
| Non-income producing security. |
| Rate shown is the 7-day yield as of June 30, 2025. |
| Loaned security; a portion of the security is on loan at June 30, 2025. |
| £&nbsp;&nbsp; The Fund may invest in certain securities that are considered affiliated companies. As defined by the Investment Company Act of 1940, as <br> amended, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is <br> under common ownership or control.<br>|
| Net of income paid to the securities lending agent and rebates paid to the borrowing counterparties. |

---

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 June 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* | $300045982 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- |
| *Investment Companies* | - | &nbsp;&nbsp;&nbsp; 1469260 | &nbsp;&nbsp;&nbsp; - |
| *Investments Purchased with Cash Collateral from Securities Lending* | - | &nbsp;&nbsp;&nbsp; 4686580 | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $300045982 | &nbsp;&nbsp;&nbsp; $6155840 | &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 June 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.

125-35-70229 08-25

------

## 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 Global Real Estate Fund

- **b. EDGAR series identifier (if any):** S000025889

- **c. LEI of Series:** A5263I2XDOP1IOXZPS12

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $301212533.15

**Total Liabilities:** $536242.22

**Net Assets:** $300676290.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000077597 | 1.49%                | 2.25%                | 1.35%                |
| Class ID C000077598 | 1.44%                | 2.22%                | 1.28%                |
| Class ID C000077599 | 1.57%                | 2.23%                | 1.50%                |
| Class ID C000077600 | 1.41%                | 2.26%                | 1.40%                |
| Class ID C000077601 | 1.48%                | 2.32%                | 1.37%                |
| Class ID C000083540 | 1.48%                | 2.32%                | 1.38%                |
| Class ID C000198287 | 1.48%                | 2.32%                | 1.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1345862.00             | $5036749.00                                |
| Month 2  | $-1278948.00             | $6990624.00                                |
| Month 3  | $-489525.00              | $4780328.00                                |

**Designated Index Information**

- **Index Name:** FTSE EPRA/NAREIT Global Index Net TRI in USD

- **Index Identifier:** FTSE.MC.FTSEENHG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITE Group PLC                          | UNITE Group PLC ORD GBP0.25                                               | CUSIP: G9283N101<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               | CORP              | GB        |    170435 | NS      | $1982346.30   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| United Urban Investment Corp.            | United Urban Investment Corp. REIT                                        | CUSIP: J9427E105<br>LEI: 353800GYZWBD7BDCN841 | Long             | EC               | CORP              | JP        |      2521 | NS      | $2715515.66   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland Corp Ltd.                      | Stockland Corp Ltd. NPV (STAPLED)                                         | CUSIP: Q8773B105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    715104 | NS      | $2522080.75   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd.             | Sun Hung Kai Properties Ltd. NPV                                          | CUSIP: Y82594121<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    748500 | NS      | $8586624.33   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                  | UDR Inc COM USD0.01                                                       | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    181700 | NS      | $7418811.00   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Safestore Holdings PLC                   | Safestore Holdings PLC ORD GBP0.01                                        | CUSIP: G77733106<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               | CORP              | GB        |    245000 | NS      | $2380566.80   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| VGP NV                                   | VGP NV NPV                                                                | CUSIP: B9738D109<br>LEI: 315700NENYPIXFR94T49 | Long             | EC               | CORP              | BE        |     26832 | NS      | $2702035.24   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SEGRO PLC                                | SEGRO PLC ORD GBP0.10                                                     | CUSIP: G80277141<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |    235000 | NS      | $2191806.77   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Unibail-Rodamco-Westfield SE             | Unibail-Rodamco-Westfield SE NPV (1 ORD UNIBAIL-R & 1CLASS A WFD)         | CUSIP: F95094581<br>LEI: 969500SHQITWXSIS7N89 | Long             | EC               | CORP              | FR        |     49000 | NS      | $4682771.13   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tritax Big Box REIT PLC                  | Tritax Big Box REIT PLC ORD GBP0.01                                       | CUSIP: G9101W101<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               | CORP              | GB        |   1550000 | NS      | $3139779.04   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Scentre Group Ltd.                       | Scentre Group Ltd. NPV STAPLED UNIT                                       | CUSIP: Q8351E109<br>LEI: 529900TUCASM3W86E831 | Long             | EC               | CORP              | AU        |   1388255 | NS      | $3251952.81   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                        | Agree Realty Corp COM USD0.0001                                           | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     78258 | NS      | $5717529.48   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Company PLC                 | British Land Company PLC ORD GBP0.25                                      | CUSIP: G15540118<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               | CORP              | GB        |    431503 | NS      | $2229022.56   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                    | American Homes 4 Rent COM USD0.01 'A'                                     | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    230475 | NS      | $8313233.25   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.              | AvalonBay Communities, Inc. COM USD0.01                                   | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     47740 | NS      | $9715090.00   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                  | BXP Inc COM USD0.01                                                       | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     68046 | NS      | $4591063.62   | 1.53%             |  |  |  | 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        |     45732 | NS      | $6407967.84   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust   | CapitaLand Integrated Commercial Trust NPV (REAL ESTATE INVESTMENT TRUST) | CUSIP: Y0259J109<br>LEI: 54930031292WUTXF0L29 | Long             | EC               | CORP              | SG        |   2264050 | NS      | $3864843.06   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Aedifica SA                              | Aedifica SA NPV                                                           | CUSIP: B0130A108<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               | CORP              | BE        |     22000 | NS      | $1711462.36   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP NV                                   | CTP NV EUR0.16                                                            | CUSIP: N2368S105<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |    102000 | NS      | $2143220.58   | 0.71%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Hongkong Land Holdings Ltd.              | Hongkong Land Holdings Ltd. ORD USD0.10(SINGAPORE REG)                    | CUSIP: G4587L109<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | SG        |    941200 | NS      | $5430724.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Metropolitan Fund Investment Corp. | Japan Metropolitan Fund Investment Corp. REIT                             | CUSIP: J27544105<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               | CORP              | JP        |      4787 | NS      | $3391027.15   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JANUS CAPITAL GROUP INC                  | Janus Henderson Cash Liquidity Fund LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   1468966 | NS      | $1469259.76   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Invincible Investment Corporation        | Invincible Investment Corporation REIT                                    | CUSIP: J2442V103<br>LEI: 353800JY6M2692VAV685 | Long             | EC               | CORP              | JP        |      4283 | NS      | $1844197.51   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart (Maryland)                     | CubeSmart (Maryland) COM USD0.01                                          | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185024 | NS      | $7863520.00   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                              | Ventas Inc. COM USD0.25                                                   | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    153955 | NS      | $9722258.25   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                        | D.R. Horton, Inc. COM USD0.01                                             | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     36530 | NS      | $4709447.60   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.                | Digital Realty Trust Inc. COM STK USD0.01                                 | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     79498 | NS      | $13858886.34  | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower OP LLC                         | Welltower OP LLC COM USD1                                                 | CUSIP: 95040Q104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70138 | NS      | $10782314.74  | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                               | Vonovia SE NPV                                                            | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    143000 | NS      | $5037607.18   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties, Inc.               | Eastgroup Properties, Inc. COM USD0.0001                                  | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     30909 | NS      | $5165512.08   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                            | Equinix, Inc. COM USD0.001                                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     20526 | NS      | $16327817.22  | 5.43%             |  |  |  | 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        |     98341 | NS      | $6064689.47   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust          | Federal Realty Investment Trust SH BEN INT NEW                            | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     71362 | NS      | $6778676.38   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.      | First Industrial Realty Trust, Inc. COM STK USD0.01                       | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108204 | NS      | $5207858.52   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                                 | HRTI LLC CL A COM                                                         | CUSIP: 42226K105<br>LEI: 549300CB86LH2IOKHH22 | Long             | EC               | CORP              | US        |    220674 | NS      | $3499889.64   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.               | Highwoods Properties, Inc. COM USD0.01                                    | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |    150314 | NS      | $4673262.26   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| The Macerich Company                     | The Macerich Company COM USD0.01                                          | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    324200 | NS      | $5245556.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Land Ltd.                | China Resources Land Ltd. ORD HKD0.10                                     | CUSIP: G2108Y105<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | CORP              | HK        |   1937500 | NS      | $6565537.54   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp.       | Japan Real Estate Investment Corp. REIT                                   | CUSIP: J27523109<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               | CORP              | JP        |      4264 | NS      | $3491392.46   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp.                          | NETSTREIT Corp. COM                                                       | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |    364360 | NS      | $6168614.80   | 2.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Mitsubishi Estate Co Ltd                 | Mitsubishi Estate Co Ltd NPV                                              | CUSIP: J43916113<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    199551 | NS      | $3745998.70   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd.                   | Mitsui Fudosan Co Ltd. NPV                                                | CUSIP: J4509L101<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    760200 | NS      | $7364948.95   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                            | Prologis Inc. COM USD0.01                                                 | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     83593 | NS      | $8787296.16   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                           | Public Storage COM USD0.10                                                | CUSIP: 74460D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32921 | NS      | $9659679.82   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc         | Ryman Hospitality Properties Inc COM USD0.01                              | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     49136 | NS      | $4848249.12   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                 | SBA Communications Corp. COM USD0.01 CL A                                 | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     18319 | NS      | $4302033.96   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.             | Sabra Health Care REIT, Inc. COM USD0.01                                  | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    411181 | NS      | $7582177.64   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                            | Goodman Group NPV (STAPLED UNITS)                                         | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    513423 | NS      | $11567355.06  | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Helical PLC                              | Helical PLC ORD GBP0.01                                                   | CUSIP: G43904195<br>LEI: 2138003SBD2Z7WV2MP70 | Long             | EC               | CORP              | GB        |    434155 | NS      | $1370419.95   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Comforia Residential REIT.Inc            | Comforia Residential REIT.Inc REIT                                        | CUSIP: J0816Z106<br>LEI: 353800BJ2SV3UPG9JU05 | Long             | EC               | CORP              | JP        |      1538 | NS      | $3062327.94   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HMC Capital Limited                      | HMC Capital Limited NPV                                                   | CUSIP: Q46597102<br>LEI: 9845005E59E4DCFA1C33 | Long             | EC               | CORP              | AU        |    302597 | NS      | $1015452.90   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi S.A.            | Merlin Properties Socimi S.A. EUR1                                        | CUSIP: E7390Z100<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |    310000 | NS      | $4063766.14   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland Investment Ltd.               | Capitaland Investment Ltd. NPV                                            | CUSIP: Y1091P105<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |   1805300 | NS      | $3763408.59   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastighets AB Balder                     | Fastighets AB Balder SER'B'NPV                                            | CUSIP: W2951M127<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |    464000 | NS      | $3447249.66   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hammerson PLC                            | Hammerson PLC ORD GBP0.05                                                 | CUSIP: G4273Q206<br>LEI: 213800G1C9KKVVDN1A60 | Long             | EC               | CORP              | GB        |    429226 | NS      | $1761319.89   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel DC REIT Management Pte Ltd.       | Keppel DC REIT Management Pte Ltd. NPV                                    | CUSIP: Y47230100<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   2112100 | NS      | $3871297.20   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom S.A.U                    | Cellnex Telecom S.A.U EUR0.25                                             | CUSIP: E2R41M104<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     44745 | NS      | $1736487.97   | 0.58%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Janus Henderson Cash Collateral Fund     | Janus Henderson Cash Collateral Fund                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3749264 | NS      | $3749264.00   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Royal Bank of Canada                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    937316 | PA      | $937316.00    | 0.31%             | 2025-07-01      | Fixed         | 4.31%                 | No            |                  2 | 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