# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001145549-25-057280
**Filing Date:** 2025-8
**Character Count:** 47947
**Document Hash:** 8c4bc5b427b8da340009245db264aa9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057280.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057280

**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:** 251279140

**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 Emerging Markets Fund (Series ID: S000057600)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000183873 | Class A      | HEMAX           |
| C000183875 | Class C      | HEMCX           |
| C000183876 | Class D      | HEMDX           |
| C000183877 | Class I      | HEMIX           |
| C000183878 | Class N      | HEMRX           |
| C000183880 | Class S      | HEMSX           |
| C000183881 | Class T      | HEMTX           |

## Nport-Ex

**Janus Henderson Emerging Markets Fund**

**Schedule of Investments (unaudited)**

**June 30, 2025**

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

---

| | | |
|:---|:---|:---|
|  | *Shares* | *Value* |
| Common Stocks – 98.1% |  |  |
| Automobiles – 4.0% |  |  |
| &nbsp;&nbsp;&nbsp; BYD Co Ltd - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3299 | &nbsp;&nbsp;&nbsp;&nbsp; $152974 |
| &nbsp;&nbsp;&nbsp; Eicher Motors Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181855 |
| &nbsp;&nbsp;&nbsp; Hyundai Motor Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101199 |
| &nbsp;&nbsp;&nbsp; Kia Motors Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359075 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795103 |
| Banks – 11.2% |  |  |
| &nbsp;&nbsp;&nbsp; Credicorp Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438770 |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205479 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 26011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237796 |
| &nbsp;&nbsp;&nbsp; Hana Financial Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187656 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 36322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847746 |
| &nbsp;&nbsp;&nbsp; Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186001 |
| &nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi AS<sup>\*</sup> <br>| &nbsp;&nbsp; 175496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139770 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2243218 |
| Beverages – 0.9% |  |  |
| &nbsp;&nbsp;&nbsp; Becle SAB de CV | &nbsp;&nbsp; 143429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173156 |
| Biotechnology – 0.9% |  |  |
| &nbsp;&nbsp;&nbsp; Legend Biotech Corp (ADR)<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99940 |
| &nbsp;&nbsp;&nbsp; Zai Lab Ltd<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 23600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82528 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182468 |
| Communications Equipment – 1.4% |  |  |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp | &nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274934 |
| Consumer Finance – 2.0% |  |  |
| &nbsp;&nbsp;&nbsp; Shriram Finance Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 47810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394082 |
| Containers & Packaging – 1.6% |  |  |
| &nbsp;&nbsp;&nbsp; EPL Ltd | &nbsp;&nbsp; 115185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327187 |
| Electrical Equipment – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Contemporary Amperex Technology Co Ltd - Class A | &nbsp;&nbsp;&nbsp;&nbsp; 17814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 627705 |
| Electronic Equipment, Instruments & Components – 5.4% |  |  |
| &nbsp;&nbsp;&nbsp; Chroma ATE Inc | &nbsp;&nbsp;&nbsp;&nbsp; 23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348461 |
| &nbsp;&nbsp;&nbsp; Delta Electronics Inc | &nbsp;&nbsp;&nbsp;&nbsp; 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240387 |
| &nbsp;&nbsp;&nbsp; E Ink Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151334 |
| &nbsp;&nbsp;&nbsp; Hon Hai Precision Industry Co Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 36000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198446 |
| &nbsp;&nbsp;&nbsp; Park Systems Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148325 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1086953 |
| Entertainment – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Sea Ltd (ADR)<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142347 |
| Food & Staples Retailing – 2.3% |  |  |
| &nbsp;&nbsp;&nbsp; Dino Polska SA<sup>ž,\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153727 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 94326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312467 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466194 |
| Hotels, Restaurants & Leisure – 7.2% |  |  |
| &nbsp;&nbsp;&nbsp; Devyani International Ltd<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 51801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101343 |
| &nbsp;&nbsp;&nbsp; H World Group Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 83700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283098 |
| &nbsp;&nbsp;&nbsp; Meituan Dianping<sup>ž,\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 25100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400656 |
| &nbsp;&nbsp;&nbsp; Talabat Holding PLC | &nbsp;&nbsp; 781298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285099 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374689 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1444885 |
| Information Technology Services – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Globant SA<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142619 |
| Insurance – 5.3% |  |  |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 76200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 683400 |
| &nbsp;&nbsp;&nbsp; HDFC Life Insurance Co Ltd<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 41251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391705 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1075105 |
| Interactive Media & Services – 9.1% |  |  |
| &nbsp;&nbsp;&nbsp; NAVER Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422942 |
| &nbsp;&nbsp;&nbsp; Tencent Holdings Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 18526 | &nbsp;&nbsp;&nbsp;&nbsp; 1187125 |
| &nbsp;&nbsp;&nbsp; VTEX - Class A<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 32113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211946 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1822013 |
| Metals & Mining – 2.7% |  |  |
| &nbsp;&nbsp;&nbsp; Anglo American PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119767 |
| &nbsp;&nbsp;&nbsp; Vale SA (ADR) | &nbsp;&nbsp;&nbsp;&nbsp; 40643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394644 |
| &nbsp;&nbsp;&nbsp; Valterra Platinum Ltd<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20817 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535228 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares* | *Value* |
| Common Stocks – (continued) |  |  |
| Multiline Retail – 6.9% |  |  |
| &nbsp;&nbsp;&nbsp; Allegro.eu SA<sup>ž,\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 51145 | &nbsp;&nbsp;&nbsp;&nbsp; $491009 |
| &nbsp;&nbsp;&nbsp; JD.Com Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp; 31300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509990 |
| &nbsp;&nbsp;&nbsp; MercadoLibre Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386817 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1387816 |
| Oil, Gas & Consumable Fuels – 3.3% |  |  |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 38472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673210 |
| Pharmaceuticals – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; Structure Therapeutics Inc (ADR)<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90903 |
| Real Estate Management & Development – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; China Resources Land Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 52000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176210 |
| &nbsp;&nbsp;&nbsp; Macrotech Developers Ltd<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158395 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334605 |
| Road & Rail – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Full Truck Alliance Co (ADR) | &nbsp;&nbsp;&nbsp;&nbsp; 52199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616470 |
| Semiconductor & Semiconductor Equipment – 16.5% |  |  |
| &nbsp;&nbsp;&nbsp; Alchip Technologies Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423871 |
| &nbsp;&nbsp;&nbsp; SK Hynix Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512888 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 63000 | &nbsp;&nbsp;&nbsp;&nbsp; 2286438 |
| &nbsp;&nbsp;&nbsp; Techwing Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101907 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3325104 |
| Specialty Retail – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp; Ace Hardware Indonesia Tbk PT | 4009300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122527 |
| Technology Hardware, Storage & Peripherals – 4.1% |  |  |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 18840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 834975 |
| Wireless Telecommunication Services – 3.0% |  |  |
| &nbsp;&nbsp;&nbsp; Bharti Airtel Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 25549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598720 |
| Total Common Stocks (cost $15,286,423) |  | &nbsp;&nbsp; 19717527 |
| Private Placements – 0.3% |  |  |
| Health Care Providers & Services – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; API Holdings Private Ltd<sup>\*,</sup><sup>¢</sup><sup>,</sup><sup>§</sup> (cost $550,876) | &nbsp;&nbsp; 758340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54827 |
| Investment Companies – 1.9% |  |  |
| Money Markets – 1.9% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.4188%<sup>ºº,</sup><sup>£</sup> (cost $386,842) | &nbsp;&nbsp; 386764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386842 |
| Total Investments (total cost $16,224,141) – 100.3% |  | &nbsp;&nbsp; 20159196 |
| Liabilities, net of Cash, Receivables and Other Assets – (0.3)% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (70044) |
| Net Assets – 100% |  | $20089152 |

---

&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>|
| China | $4411445 | &nbsp;&nbsp;&nbsp;&nbsp; 21.9<br> %<br>|
| Taiwan | 4066218 | &nbsp;&nbsp;&nbsp;&nbsp;20.2 |
| India | 3729070 | &nbsp;&nbsp;&nbsp;&nbsp;18.5 |
| South Korea | 2668967 | &nbsp;&nbsp;&nbsp;&nbsp;13.2 |
| Poland | 830737 | &nbsp;&nbsp;&nbsp;&nbsp;4.1 |
| Mexico | 723419 | &nbsp;&nbsp;&nbsp;&nbsp;3.6 |
| United States | 720304 | &nbsp;&nbsp;&nbsp;&nbsp;3.6 |
| Hong Kong | 683400 | &nbsp;&nbsp;&nbsp;&nbsp;3.4 |
| Brazil | 606590 | &nbsp;&nbsp;&nbsp;&nbsp;3.0 |
| Peru | 438770 | &nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Argentina | 386817 | &nbsp;&nbsp;&nbsp;&nbsp;1.9 |
| United Arab Emirates | 285099 | &nbsp;&nbsp;&nbsp;&nbsp;1.4 |
| Austria | 205479 | &nbsp;&nbsp;&nbsp;&nbsp;1.0 |
| Turkey | 139770 | &nbsp;&nbsp;&nbsp;&nbsp;0.7 |
| Indonesia | 122527 | &nbsp;&nbsp;&nbsp;&nbsp;0.6 |
| United Kingdom | 119767 | &nbsp;&nbsp;&nbsp;&nbsp;0.6 |
| South Africa | 20817 | &nbsp;&nbsp;&nbsp;&nbsp;0.1 |
| Total | $20159196 | &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 - 1.9% | Investment Companies - 1.9% | Investment Companies - 1.9% | Investment Companies - 1.9% | Investment Companies - 1.9% | Investment Companies - 1.9% | Investment Companies - 1.9% | Investment Companies - 1.9% | Investment Companies - 1.9% |
| Money Markets - 1.9% | Money Markets - 1.9% | Money Markets - 1.9% | Money Markets - 1.9% | Money Markets - 1.9% | Money Markets - 1.9% | Money Markets - 1.9% | Money Markets - 1.9% | Money Markets - 1.9% |
| &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; $- | &nbsp;&nbsp; $12776013 | &nbsp;&nbsp; $(12389171) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $386842 | &nbsp;&nbsp; 386764 | &nbsp;&nbsp; $15498 |

---

------

**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;

---

| |
|:---|
| &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> $1,595,492, which represents 7.9% of net assets.<br>|
| Non-income producing security. |
| Rate shown is the 7-day yield as of June 30, 2025. |
| &nbsp;&nbsp; Security is valued using significant unobservable inputs. The total value of Level 3 securities as of the period ended June 30, 2025 is <br> $54,827, which represents 0.3% of net assets.<br>|
| £&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>|
| Schedule of Restricted Securities (as of June 30, 2025) |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Acquisition* <br>*Date*<br>| *Cost* | *Value* | &nbsp;&nbsp; *Value as a* <br>*% of Net* <br>*Assets*<br>|
| API Holdings Private Ltd | 9/27/21 | &nbsp;&nbsp;&nbsp; $550876 | $54827 | &nbsp;&nbsp;&nbsp;&nbsp; 0.3<br> %<br>|

---

The Fund has registration rights for certain restricted securities held as of June 30, 2025. The issuer incurs all registration costs.

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* | $19717527 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- |
| *Private Placements* | - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 54827 |
| *Investment Companies* | - | &nbsp;&nbsp;&nbsp; 386842 | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $19717527 | &nbsp;&nbsp;&nbsp; $386842 | &nbsp;&nbsp;&nbsp; $54827 |

---

------

**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.

The Fund's management has determined the Fund did not hold a significant amount of Level 3 securities as of June 30, 2025.

------

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

statements.

125-35-70217 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 Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000057600

- **c. LEI of Series:** 549300OPPFBZE65UIL89

**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? **Yes**

### Fund Information

**Total Assets:** $20255890.33

**Total Liabilities:** $166739.03

**Net Assets:** $20089151.30

**Cash Not Reported:** $2108.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000183873 | 0.22%                | 5.39%                | 5.94%                |
| Class ID C000183875 | 0.11%                | 5.41%                | 5.88%                |
| Class ID C000183876 | 0.21%                | 5.57%                | 5.98%                |
| Class ID C000183877 | 0.22%                | 5.48%                | 6.01%                |
| Class ID C000183878 | 0.22%                | 5.43%                | 5.98%                |
| Class ID C000183880 | 0.11%                | 5.54%                | 5.86%                |
| Class ID C000183881 | 0.22%                | 5.47%                | 6.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-180864.00              | $139434.00                                 |
| Month 2  | $907073.00               | $895304.00                                 |
| Month 3  | $1370153.00              | $-225941.00                                |

**Designated Index Information**

- **Index Name:** MSCI EM (EMERGING MARKETS) - Daily

- **Index Identifier:** MSCI.MC.MXEF

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Grupo Financiero Banorte S.A.B. de C.V.      | Grupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     26011 | NS      | $237795.84    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                   | Full Truck Alliance Co Ltd SPONSORED ADS                 | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             |  | CORP              | US        |     52199 | NS      | $616470.19    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Legend Biotech Corporation                   | Legend Biotech Corporation SPONSORED ADS                 | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             |  | CORP              | US        |      2816 | NS      | $99939.84     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd.           | Hon Hai Precision Industry Co Ltd. TWD10                 | CUSIP: Y36861105<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |     36000 | NS      | $198445.58    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Motor Co.                            | Hyundai Motor Co. KRW5000                                | CUSIP: Y38472109<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |       671 | NS      | $101199.51    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp.                                    | Kia Corp. KRW5000                                        | CUSIP: Y47601102<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |      5000 | NS      | $359075.08    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                          | Erste Group Bank AG NPV                                  | CUSIP: A19494102<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      2413 | NS      | $205479.01    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp.                      | Accton Technology Corp. TWD10                            | CUSIP: Y0002S109<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     11000 | NS      | $274934.09    | 1.37%             |  |  |  | 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        |     52000 | NS      | $176210.56    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma Ate Inc                               | Chroma Ate Inc TWD10                                     | CUSIP: Y1604M102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     23000 | NS      | $348460.99    | 1.73%             |  |  |  | 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        |    386764 | NS      | $386841.78    | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc.                    | Hana Financial Group Inc. KRW5000                        | CUSIP: Y29975102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2934 | NS      | $187655.97    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Life Insurance Co Ltd.                  | HDFC Life Insurance Co Ltd. INR10                        | CUSIP: Y3R1AP109<br>LEI: 335800RQI8GAFHIRGZ37 | Long             | EC               | CORP              | IN        |     41251 | NS      | $391705.32    | 1.95%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HDFC Bank Ltd.                               | HDFC Bank Ltd. INR1                                      | CUSIP: Y3119P190<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     36322 | NS      | $847746.29    | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc.                       | Delta Electronics Inc. TWD10                             | CUSIP: Y20263102<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     17000 | NS      | $240387.58    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd.                           | Bharti Airtel Ltd. INR5                                  | CUSIP: Y0885K108<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |     25549 | NS      | $598720.43    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                  | JD.com Inc. USD0.00002 A CLASS                           | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | HK        |     31300 | NS      | $509990.19    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| H World Group Ltd.                           | H World Group Ltd. USD0.00001                            | CUSIP: G46587112<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | HK        |     83700 | NS      | $283098.08    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.                  | Samsung Electronics Co Ltd. KRW100                       | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     18840 | NS      | $834975.17    | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                     | Sea Ltd. ADS EACH REP ONE CL A SHS                       | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | US        |       890 | NS      | $142346.60    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Structure Therapeutics Inc                   | Structure Therapeutics Inc SPONSORED ADS                 | CUSIP: 86366E106<br>LEI: N/A                  | Long             |  | CORP              | US        |      4383 | NS      | $90903.42     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant S.A                                  | Globant S.A USD1.20                                      | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | US        |      1570 | NS      | $142618.80    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                        | Tencent Holdings Ltd. HKD0.00002                         | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | HK        |     18526 | NS      | $1187125.37   | 5.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Shriram Finance Ltd.                         | Shriram Finance Ltd. INR2 (POST SUBD)                    | CUSIP: Y775S1107<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |     47810 | NS      | $394081.96    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| E Ink Holdings Inc.                          | E Ink Holdings Inc. TWD10                                | CUSIP: Y2266Z100<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |     20000 | NS      | $151333.58    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| API Holdings Ltd                             | API Holdings Private Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | IN        |    758340 | NS      | $54827.22     | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Epl Limited                                  | Epl Limited INR2 (POST SUBDIVISION)                      | CUSIP: Y2297N142<br>LEI: 335800SHKQVLNEGB2W80 | Long             | EC               | CORP              | IN        |    115185 | NS      | $327186.92    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd.                     | Alchip Technologies Ltd. TWD10                           | CUSIP: G02242108<br>LEI: 529900HKE9RIY07SLX84 | Long             | EC               | CORP              | TW        |      4000 | NS      | $423870.99    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                     | AIA Group Ltd, Hong Kong NPV                             | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     76200 | NS      | $683399.37    | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspirasi Hidup Indonesia Tbk PT              | Aspirasi Hidup Indonesia Tbk PT IDR10                    | CUSIP: Y000CY105<br>LEI: 529900WER46RYFNZER60 | Long             | EC               | CORP              | ID        |   4009300 | NS      | $122526.97    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dino Polska SA                               | Dino Polska SA PLN0.10                                   | CUSIP: X188AF102<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |      1053 | NS      | $153726.89    | 0.77%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BYD Co Ltd.                                  | BYD Co Ltd. 'A'CNY1                                      | CUSIP: Y1023R120<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      3299 | NS      | $152973.79    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd.      | Contemporary Amperex Technology Co Ltd. 'A' CNY1         | CUSIP: Y1R48E105<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     17814 | NS      | $627704.65    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Devyani International Ltd.                   | Devyani International Ltd. INR1                          | CUSIP: Y2R58Y114<br>LEI: 335800QL2YIWJ1DFK350 | Long             | EC               | CORP              | IN        |     51801 | NS      | $101342.82    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro.eu SA                                | Allegro.eu SA PLN0.01                                    | CUSIP: L0R67D109<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | PL        |     51145 | NS      | $491009.03    | 2.44%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Eicher Motors Ltd.                           | Eicher Motors Ltd. INR1                                  | CUSIP: Y2251M148<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |      2757 | NS      | $181854.94    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                           | Anglo American PLC ORD USD0.623855311355311              | CUSIP: G03764142<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |      4059 | NS      | $119767.38    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Becle Sab DE CV                              | Becle Sab DE CV NPV                                      | CUSIP: P0929Y106<br>LEI: 529900JY55CZKMJLCE09 | Long             | EC               | CORP              | MX        |    143429 | NS      | $173156.03    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd.                               | Credicorp Ltd. COM USD5                                  | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | US        |      1963 | NS      | $438769.76    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                             | Mercadolibre Inc COM USD0.001                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       148 | NS      | $386817.24    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                     | Reliance Industries Ltd. INR10(100%DEMAT)                | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     38472 | NS      | $673209.53    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc.                                | SK Hynix Inc. KRW5000                                    | CUSIP: Y8085F100<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      2370 | NS      | $512888.16    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corp.                                  | NAVER Corp. KRW100                                       | CUSIP: Y62579100<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |      2174 | NS      | $422941.53    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA  | Powszechna Kasa Oszczednosci Bank Polski SA PLN1.00      | CUSIP: X6919X108<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |      8907 | NS      | $186001.30    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Systems Corp                            | Park Systems Corp KRW500                                 | CUSIP: Y6S06Q106<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       701 | NS      | $148325.43    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan LLC                                  | Meituan LLC USD0.00001 B CLASS                           | CUSIP: G59669104<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | HK        |     25100 | NS      | $400656.08    | 1.99%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Macrotech Developers Ltd.                    | Macrotech Developers Ltd. INR10                          | CUSIP: Y5311S112<br>LEI: 254900B5QCN52ETNU557 | Long             | EC               | CORP              | IN        |      9813 | NS      | $158394.90    | 0.79%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10       | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     63000 | NS      | $2286438.18   | 11.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Vale S.A.                                    | Vale S.A. SPONS ADS REPR 1 COM NPV                       | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             |  | CORP              | US        |     40643 | NS      | $394643.53    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Yapi Ve Kredi Bankasi A.S.                   | Yapi Ve Kredi Bankasi A.S. TRY1                          | CUSIP: M9869G101<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | EC               | CORP              | TR        |    175496 | NS      | $139770.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Techwing Inc                                 | Techwing Inc KRW500                                      | CUSIP: Y8563H107<br>LEI: 988400SCZD1UJPMA1865 | Long             | EC               | CORP              | KR        |      4123 | NS      | $101906.21    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd.                          | Trip.com Group Ltd. USD0.00125                           | CUSIP: G9066F101<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | HK        |      6450 | NS      | $374689.48    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Zai Lab Ltd.                                 | Zai Lab Ltd. USD0.000006                                 | CUSIP: G9887T116<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | HK        |     23600 | NS      | $82527.99     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Talabat Holding PLC                          | Talabat Holding PLC AED0.04                              | CUSIP: M8765Z106<br>LEI: 529900MAA20AIKRXOA24 | Long             | EC               | CORP              | AE        |    781298 | NS      | $285098.67    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                       | Valterra Platinum Ltd. ZAR0.10                           | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | GB        |       474 | NS      | $20816.58     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart De Mexico                           | Wal-Mart De Mexico COM NPV                               | CUSIP: P98180188<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     94326 | NS      | $312467.60    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vtex                                         | Vtex SHS CL A                                            | CUSIP: G9470A102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32113 | NS      | $211945.80    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

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