# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001741773-23-000826
**Filing Date:** 2023-3
**Character Count:** 47884
**Document Hash:** 17fae6aabe81cc3c5eb5be900a288321
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001741773-23-000826.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001741773-23-000826

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS INVESTMENT FUND
- **CENTRAL INDEX KEY:** 0000277751
- **IRS NUMBER:** 840592523
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01879
- **FILM NUMBER:** 23691702

**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 Select Fund (Series ID: S000010474)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000028933 | Class T      | JORNX           |
| C000077678 | Class A      | JORAX           |
| C000077679 | Class C      | JORCX           |
| C000077680 | Class I      | JORFX           |
| C000077681 | Class R      | JORRX           |
| C000077682 | Class S      | JORIX           |
| C000083520 | Class D      | JANRX           |
| C000114874 | Class N      | JSLNX           |

## Nport-Ex

### Janus Henderson Global Select Fund

#### Schedule of Investments (unaudited)

#### December 31, 2022

---

| | | |
|:---|:---|:---|
| *Shares or*<br>*Principal Amounts* | *Shares or*<br>*Principal Amounts* | *Value* |
| Common Stocks– 96.7% | Common Stocks– 96.7% |  |
| Aerospace & Defense – 3.3% | Aerospace & Defense – 3.3% |  |
| Airbus SE | 346153 | $41152518 |
| L3Harris Technologies Inc | 154122 | 32089742 |
|  |  | 73242260 |
| Air Freight & Logistics – 1.9% | Air Freight & Logistics – 1.9% |  |
| United Parcel Service Inc | 242320 | 42124909 |
| Banks – 5.5% | Banks – 5.5% |  |
| BNP Paribas SA | 741073 | 42166480 |
| Citigroup Inc | 764866 | 34594889 |
| Erste Group Bank AG | 292560 | 9327708 |
| Natwest Group PLC | 8207084 | 26192569 |
| Permanent TSB Group Holdings PLC\* | 5290709 | 10272955 |
|  |  | 122554601 |
| Beverages – 3.2% | Beverages – 3.2% |  |
| Heineken NV | 212682 | 19978956 |
| Monster Beverage Corp\* | 513460 | 52131594 |
|  |  | 72110550 |
| Biotechnology – 2.0% | Biotechnology – 2.0% |  |
| Argenx SE (ADR)\* | 55768 | 21126591 |
| Ascendis Pharma A/S (ADR)\* | 81386 | 9939672 |
| Sarepta Therapeutics Inc\* | 102704 | 13308384 |
|  |  | 44374647 |
| Capital Markets – 2.3% | Capital Markets – 2.3% |  |
| Morgan Stanley | 605487 | 51478505 |
| Chemicals – 0.5% | Chemicals – 0.5% |  |
| Sherwin-Williams Co | 46279 | 10983395 |
| Containers & Packaging – 1.9% | Containers & Packaging – 1.9% |  |
| Crown Holdings Inc | 506035 | 41601137 |
| Diversified Telecommunication Services – 2.0% | Diversified Telecommunication Services – 2.0% |  |
| Deutsche Telekom AG | 2214325 | 44161677 |
| Electric Utilities – 1.6% | Electric Utilities – 1.6% |  |
| NRG Energy Inc | 1134018 | 36084453 |
| Electronic Equipment, Instruments & Components – 2.5% | Electronic Equipment, Instruments & Components – 2.5% |  |
| E Ink Holdings Inc | 2289000 | 11979831 |
| Hexagon AB - Class B | 1152232 | 12118667 |
| Keyence Corp | 81300 | 31834182 |
|  |  | 55932680 |
| Entertainment – 2.2% | Entertainment – 2.2% |  |
| Liberty Media Corp-Liberty Formula One\* | 810667 | 48461673 |
| Health Care Providers & Services – 2.4% | Health Care Providers & Services – 2.4% |  |
| Humana Inc | 104990 | 53774828 |
| Hotels, Restaurants & Leisure – 3.2% | Hotels, Restaurants & Leisure – 3.2% |  |
| Caesars Entertainment Inc\* | 709741 | 29525226 |
| Entain PLC | 2664372 | 42710596 |
|  |  | 72235822 |
| Household Durables – 2.2% | Household Durables – 2.2% |  |
| PulteGroup Inc | 1087174 | 49499032 |
| Independent Power and Renewable Electricity Producers – 2.0% | Independent Power and Renewable Electricity Producers – 2.0% |  |
| Vistra Energy Corp | 1959686 | 45464715 |
| Information Technology Services – 1.2% | Information Technology Services – 1.2% |  |
| Fidelity National Information Services Inc | 394655 | 26777342 |
| Insurance – 7.5% | Insurance – 7.5% |  |
| AIA Group Ltd | 3544200 | 39048717 |
| Beazley PLC | 4371108 | 35768922 |
| Dai-ichi Life Holdings Inc | 2115000 | 48035798 |
| WR Berkley Corp | 599552 | 43509489 |
|  |  | 166362926 |
| Interactive Media & Services – 0.8% | Interactive Media & Services – 0.8% |  |
| Alphabet Inc - Class A\* | 203257 | 17933365 |
| Internet & Direct Marketing Retail – 2.2% | Internet & Direct Marketing Retail – 2.2% |  |
| JD.Com Inc - Class A | 1746226 | 49089844 |
| Machinery – 3.8% | Machinery – 3.8% |  |
| Deere & Co | 106069 | 45478145 |
| Wabtec Corp | 394288 | 39353885 |
|  |  | 84832030 |
| Metals & Mining – 3.5% | Metals & Mining – 3.5% |  |
| Teck Resources Ltd | 2063901 | 78009909 |
| Oil, Gas & Consumable Fuels – 5.7% | Oil, Gas & Consumable Fuels – 5.7% |  |
| Canadian Natural Resources Ltd | 852623 | 47346155 |

---

------

---

| | | |
|:---|:---|:---|
| *Shares or*<br>*Principal Amounts* | *Shares or*<br>*Principal Amounts* | *Value* |
| Common Stocks– (continued) | Common Stocks– (continued) |  |
| Oil, Gas & Consumable Fuels– (continued) | Oil, Gas & Consumable Fuels– (continued) |  |
| Marathon Petroleum Corp | 691305 | $80460989 |
|  |  | 127807144 |
| Personal Products – 2.2% | Personal Products – 2.2% |  |
| Unilever PLC | 949646 | 47898486 |
| Pharmaceuticals – 9.7% | Pharmaceuticals – 9.7% |  |
| AstraZeneca PLC | 516583 | 70093335 |
| Bayer AG | 468448 | 24183689 |
| Merck & Co Inc | 431261 | 47848408 |
| Novartis AG | 257457 | 23327100 |
| Organon & Co | 1782957 | 49797989 |
|  |  | 215250521 |
| Road & Rail – 1.6% | Road & Rail – 1.6% |  |
| Full Truck Alliance Co (ADR)\*<sup>,#</sup> | 2441097 | 19528776 |
| Uber Technologies Inc\* | 617406 | 15268450 |
|  |  | 34797226 |
| Semiconductor & Semiconductor Equipment – 4.2% | Semiconductor & Semiconductor Equipment – 4.2% |  |
| ASML Holding NV | 68922 | 37302370 |
| Taiwan Semiconductor Manufacturing Co Ltd | 3793000 | 55287938 |
|  |  | 92590308 |
| Software – 5.8% | Software – 5.8% |  |
| Microsoft Corp | 400660 | 96086281 |
| Workday Inc - Class A\* | 196988 | 32962002 |
|  |  | 129048283 |
| Specialty Retail – 1.7% | Specialty Retail – 1.7% |  |
| TJX Cos Inc | 471507 | 37531957 |
| Textiles, Apparel & Luxury Goods – 4.9% | Textiles, Apparel & Luxury Goods – 4.9% |  |
| LVMH Moet Hennessy Louis Vuitton SE | 44206 | 32108652 |
| Samsonite International SA (144A)\* | 14571300 | 38104026 |
| Under Armour Inc\* | 4446984 | 39667097 |
|  |  | 109879775 |
| Trading Companies & Distributors – 1.6% | Trading Companies & Distributors – 1.6% |  |
| Ferguson PLC | 286930 | 36243922 |
| Wireless Telecommunication Services – 1.6% | Wireless Telecommunication Services – 1.6% |  |
| T-Mobile US Inc\* | 260036 | 36405040 |
| Total Common Stocks (cost $1,664,214,950) | Total Common Stocks (cost $1,664,214,950) | 2154542962 |
| Preferred Stocks– 0.9% | Preferred Stocks– 0.9% |  |
| Automobiles – 0.9% | Automobiles – 0.9% |  |
| Dr Ing hc F Porsche AG((cost $16,333,027) | 203365 | 20629709 |
| Private Placements– 0% | Private Placements– 0% |  |
| Software – 0% | Software – 0% |  |
| Magic Leap Inc - Class A private equity common shares\*<sup>,¢,§</sup>((cost $9,254,547) | 19041 | 0 |
| Investment Companies– 2.4% | Investment Companies– 2.4% |  |
| Money Markets – 2.4% | Money Markets – 2.4% |  |
| Janus Henderson Cash Liquidity Fund LLC, 4.2633%<sup>ºº,£</sup>((cost $54,483,096) | 54475536 | 54486431 |
| Investments Purchased with Cash Collateral from Securities Lending– 0.3% | Investments Purchased with Cash Collateral from Securities Lending– 0.3% |  |
| Investment Companies – 0.2% | Investment Companies – 0.2% |  |
| Janus Henderson Cash Collateral Fund LLC, 4.1397%<sup>ºº,£</sup> | 4911640 | 4911640 |
| Time Deposits – 0.1% | Time Deposits – 0.1% |  |
| Royal Bank of Canada, 4.3100%, 1/3/23 | $1227910 | 1227910 |
| Total Investments Purchased with Cash Collateral from Securities Lending (cost $6,139,550) | Total Investments Purchased with Cash Collateral from Securities Lending (cost $6,139,550) | 6139550 |
| Total Investments (total cost $1,750,425,170) – 100.3% | Total Investments (total cost $1,750,425,170) – 100.3% | 2235798652 |
| Liabilities, net of Cash, Receivables and Other Assets – (0.3)% | Liabilities, net of Cash, Receivables and Other Assets – (0.3)% | (6483449) |
| Net Assets – 100% | Net Assets – 100% | $2229315203 |

---

------

---

| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** | ***Summary of Investments by Country - (Long Positions) (unaudited)*** | ***Summary of Investments by Country - (Long Positions) (unaudited)*** |
|  |  | *% of* |
|  |  | *Investment* |
| *Country* | *Value* | *Securities* |
| United States | $1247072824 | 55.8% |
| United Kingdom | 222663908 | 10.0 |
| Canada | 125356064 | 5.6 |
| France | 115427650 | 5.2 |
| Germany | 88975075 | 4.0 |
| Japan | 79869980 | 3.6 |
| Hong Kong | 77152743 | 3.4 |
| China | 68618620 | 3.1 |
| Taiwan | 67267769 | 3.0 |
| Netherlands | 57281326 | 2.6 |
| Switzerland | 23327100 | 1.0 |
| Belgium | 21126591 | 0.9 |
| Sweden | 12118667 | 0.5 |
| Ireland | 10272955 | 0.5 |
| Denmark | 9939672 | 0.4 |
| Austria | 9327708 | 0.4 |

---

---

| | | | |
|:---|:---|:---|:---|
| Total | $2235798652 | 100.0 | % |

---

#### Schedules of Affiliated Investments – (% of Net Assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Dividend*<br>*Income* | *Realized*<br>*Gain/(Loss)* | *Change in*<br>*Unrealized*<br>*Appreciation/* <br>*Depreciation* | *Value*<br>*at 12/31/22* |
| Investment Companies - 2.4% | Investment Companies - 2.4% | Investment Companies - 2.4% | Investment Companies - 2.4% | Investment Companies - 2.4% |
| Money Markets - 2.4% | Money Markets - 2.4% | Money Markets - 2.4% | Money Markets - 2.4% | Money Markets - 2.4% |
| Janus Henderson Cash Liquidity Fund LLC, 4.2633%<sup>ºº</sup> | $320252 | $3414 | $506 | $54486431 |
| Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% |
| Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% |
| Janus Henderson Cash Collateral Fund LLC, 4.1397%<sup>ºº</sup> | 14077<sup>∆</sup> | - | - | 4911640 |
| Total Affiliated Investments - 2.6% | $334329 | $3414 | $506 | $59398071 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Value*<br> *at 9/30/22* | *Purchases* | *Sales Proceeds* | *Value*<br>*at 12/31/22* |
| Investment Companies - 2.4% | Investment Companies - 2.4% | Investment Companies - 2.4% | Investment Companies - 2.4% | Investment Companies - 2.4% |
| Money Markets - 2.4% | Money Markets - 2.4% | Money Markets - 2.4% | Money Markets - 2.4% | Money Markets - 2.4% |
| Janus Henderson Cash Liquidity Fund LLC, 4.2633%<sup>ºº</sup> | 28298020 | 132404069 | (106219578) | 54486431 |
| Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% |
| Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% |
| Janus Henderson Cash Collateral Fund LLC, 4.1397%<sup>ºº</sup> | 13167540 | 18916178 | (27172078) | 4911640 |

---

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

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| LLC | Limited Liability Company |
| PLC | Public Limited Company |

---

---

| | |
|:---|:---|
| 144A | Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be liquid under guidelines established by the Board of Trustees. The total value of 144A securities as of the period ended December 31, 2022 is $38,104,026, which represents 1.7% of net assets. |

---

<br> \* Non-income producing security.

<br> ºº Rate shown is the 7-day yield as of December 31, 2022.

<br> # Loaned security; a portion of the security is on loan at December 31, 2022.

---

| | |
|:---|:---|
| ¢ | Security is valued using significant unobservable inputs. The total value of Level 3 securities as of the period ended December 31, 2022 is $0, which represents 0.0% of net assets. |

---

£The Fund may invest in certain securities that are considered affiliated companies. As defined by the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control.<br>

∆ Net of income paid
to the securities lending agent and rebates paid to the borrowing counterparties.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| § | Schedule of Restricted Securities (as of December 31, 2022) | Schedule of Restricted Securities (as of December 31, 2022) | Schedule of Restricted Securities (as of December 31, 2022) | Schedule of Restricted Securities (as of December 31, 2022) | Schedule of Restricted Securities (as of December 31, 2022) | Schedule of Restricted Securities (as of December 31, 2022) |
|  |  |  |  |  | *Value as a* |  |
|  |  | *Acquisition* |  |  | *% of Net* |  |
|  |  | *Date* | *Cost* | *Value* | *Assets* |  |
| Magic Leap Inc - Class A private equity common shares | Magic Leap Inc - Class A private equity common shares | 10/5/17 | $9254547 | $0 | 0.0 | % |
| The Fund has registration rights for certain restricted securities held as of December 31, 2022. The issuer incurs all registration costs. | The Fund has registration rights for certain restricted securities held as of December 31, 2022. The issuer incurs all registration costs. | The Fund has registration rights for certain restricted securities held as of December 31, 2022. The issuer incurs all registration costs. | The Fund has registration rights for certain restricted securities held as of December 31, 2022. The issuer incurs all registration costs. | The Fund has registration rights for certain restricted securities held as of December 31, 2022. The issuer incurs all registration costs. | The Fund has registration rights for certain restricted securities held as of December 31, 2022. The issuer incurs all registration costs. | The Fund has registration rights for certain restricted securities held as of December 31, 2022. The issuer incurs all registration costs. |

---

------

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| | | | |
|:---|:---|:---|:---|
| 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 December 31, 2022. | 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 December 31, 2022. | 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 December 31, 2022. | 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 December 31, 2022. |
| **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** |
|  |  | ***Level 2 -*** | ***Level 3 -*** |
|  | ***Level 1 -*** | ***Other Significant*** | ***Significant*** |
|  | ***Quoted Prices*** | ***Observable Inputs*** | ***Unobservable Inputs*** |
| **Assets** |  |  |  |
| **Investments In Securities:** |  |  |  |
| *Common Stocks* |  |  |  |
| Aerospace & Defense | $32089742 | $41152518 | $- |
| Banks | 34594889 | 87959712 | - |
| Beverages | 52131594 | 19978956 | - |
| Diversified Telecommunication Services | - | 44161677 | - |
| Electronic Equipment, Instruments & Components | - | 55932680 | - |
| Hotels, Restaurants & Leisure | 29525226 | 42710596 | - |
| Insurance | 43509489 | 122853437 | - |
| Internet & Direct Marketing Retail | - | 49089844 | - |
| Personal Products | - | 47898486 | - |
| Pharmaceuticals | 97646397 | 117604124 | - |
| Semiconductor & Semiconductor Equipment | - | 92590308 | - |
| Textiles, Apparel & Luxury Goods | 39667097 | 70212678 | - |
| Trading Companies & Distributors | - | 36243922 | - |
| All Other | 996989590 | - | - |
| *Preferred Stocks* | - | 20629709 | - |
| *Private Placements* | - | - | 0 |
| *Investment Companies* | - | 54486431 | - |
| *Investments Purchased with Cash Collateral from Securities Lending* | - | 6139550 | - |
| **Total Assets** | $1326154024 | $909644628 | $0 |

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#### 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 Fund will determine the market value of individual securities held by it by using prices provided by one or more 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 Adviser-approved 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 nonvalued 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 valuation policies provide for the use of systematic fair valuation models provided by independent pricing services to value foreign equity securities in order to adjust for stale pricing, which may occur between the close of certain foreign exchanges and the close of the NYSE. The value of the securities of other mutual funds held by a Fund, if any, will be calculated using the NAV of such mutual 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 year.

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 December 31, 2022 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 did not hold a significant amount of Level 3 securities as of December 31, 2022.

------

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

125-25-70232 03-23<br>

------

## 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:** 3033333863

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

- **a. Name of Series:** Janus Henderson Global Select Fund

- **b. EDGAR series identifier (if any):** S000010474

- **c. LEI of Series:** YTNSNBKH822ME5K53798

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $2231688079.00

**Total Liabilities:** $2373796.00

**Net Assets:** $2229314283.00

**Cash Not Reported:** $390975.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000077678 | -3.75%               | 10.38%               | 7.41%                |
| Class ID C000077679 | -3.80%               | 10.28%               | 7.30%                |
| Class ID C000083520 | -3.70%               | 10.38%               | 7.38%                |
| Class ID C000077680 | -3.69%               | 10.40%               | 7.35%                |
| Class ID C000114874 | -3.69%               | 10.42%               | 7.37%                |
| Class ID C000077681 | -3.79%               | 10.34%               | 7.28%                |
| Class ID C000077682 | -3.76%               | 10.35%               | 7.39%                |
| Class ID C000028933 | -3.74%               | 10.43%               | 7.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $24644850.00             | $-112030924.00                             |
| Month 2  | $10067768.00             | $206833496.00                              |
| Month 3  | $4823060.00              | $139227656.00                              |

**Designated Index Information**

- **Index Name:** MSCI ACWI - Daily

- **Index Identifier:** MSCI.MC.UNX000000034909257

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                  | Royal Bank of Canada                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1227910 | PA      | $1227910.00   | 0.06%             | 2023-01-03      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                         | Alphabet Inc - Class A                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    203257 | NS      | $17933365.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                     | WR Berkley Corp                            | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |    599552 | NS      | $43509489.00  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                      | AstraZeneca PLC                            | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    516583 | NS      | $70093335.00  | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc            | Caesars Entertainment Inc                  | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |    709741 | NS      | $29525226.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd       | Canadian Natural Resources Ltd             | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | US        |    852623 | NS      | $47346155.00  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                        | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    764866 | NS      | $34594889.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                   | Crown Holdings Inc                         | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |    506035 | NS      | $41601137.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                           | Deere & Co                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    106069 | NS      | $45478145.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                   | Teck Resources Ltd                         | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |   2063901 | NS      | $78009909.00  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information        | Fidelity National Information Services Inc | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    394655 | NS      | $26777342.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                            | Airbus SE                                  | CUSIP: N0280G100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |    346153 | NS      | $41152518.00  | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt       | LVMH Moet Hennessy Louis Vuitton SE        | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     44206 | NS      | $32108652.00  | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Humana Inc                           | HUMANA INC                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |    104990 | NS      | $53774828.00  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc            | L3Harris Technologies Inc                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    154122 | NS      | $32089742.00  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                             | Bayer AG                                   | CUSIP: D0712D163<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    468448 | NS      | $24183689.00  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                  | Erste Group Bank AG                        | CUSIP: A19494102<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |    279161 | NS      | $8900507.00   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty For       | Liberty Media Corp-Liberty Formula One     | CUSIP: 531229854<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |    810667 | NS      | $48461673.00  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp              | Marathon Petroleum Corp                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    691305 | NS      | $80460989.00  | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                  | Deutsche Telekom AG                        | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |   2214325 | NS      | $44161677.00  | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck & Co Inc                       | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    431261 | NS      | $47848408.00  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                       | MICROSOFT CORP                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    400660 | NS      | $96086281.00  | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                | Monster Beverage Corp                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    513460 | NS      | $52131594.00  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                       | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    605487 | NS      | $51478505.00  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                       | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |   1134018 | NS      | $36084453.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                         | KEYENCE CORP                               | CUSIP: J32491102<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     81300 | NS      | $31834182.00  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc                   | E Ink Holdings Inc                         | CUSIP: Y2266Z100<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |   2289000 | NS      | $11979831.00  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Organon & Co                         | Organon & Co COMMON STOCK                  | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |   1782957 | NS      | $49797989.00  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                 | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   3793000 | NS      | $55287938.00  | 2.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                          | Novartis AG                                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    257457 | NS      | $23327100.00  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                       | BNP Paribas SA                             | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |    741073 | NS      | $42166480.00  | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| PulteGroup Inc                       | PulteGroup Inc                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1087174 | NS      | $49499032.00  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                          | Heineken NV                                | CUSIP: N39427211<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |    212682 | NS      | $19978956.00  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Sarepta Therapeutics Inc             | Sarepta Therapeutics Inc                   | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |    102704 | NS      | $13308384.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The              | Sherwin-Williams Co                        | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     46279 | NS      | $10983395.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                      | TJX Cos Inc                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    471507 | NS      | $37531957.00  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                      | T-MOBILE US INC                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    260036 | NS      | $36405040.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Capital Group Inc              | Janus Henderson Cash Liquidity Fund        | CUSIP: N/A<br>LEI: 8T2ZO87FU1KVPZIG9I59       | Long             | EC               | PF                | US        |  54475536 | NS      | $54486431.00  | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Collateral Fund | Janus Henderson Cash Collateral Fund       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   4911640 | NS      | $4911640.00   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                | Uber Technologies Inc                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    617406 | NS      | $15268450.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                     | Under Armour Inc                           | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |   4446984 | NS      | $39667097.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc            | United Parcel Service Inc                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    242320 | NS      | $42124909.00  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                          | Vistra Energy Corp                         | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |   1959686 | NS      | $45464715.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol       | WABTEC CORP                                | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |    394288 | NS      | $39353885.00  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                          | Workday Inc                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |    196988 | NS      | $32962002.00  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                         | Unilever PLC                               | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    949646 | NS      | $47898486.00  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite International SA           | Samsonite International SA                 | CUSIP: L80308106<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | HK        |  14571300 | NS      | $38104026.00  | 1.71%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AIA Group Ltd                        | AIA GROUP LTD                              | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   3544200 | NS      | $39048717.00  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                           | Entain PLC                                 | CUSIP: G427A6103<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | GB        |   2664372 | NS      | $42710596.00  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-ichi Life Holdings Inc           | Dai-ichi Life Holdings Inc                 | CUSIP: J09748112<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |   2115000 | NS      | $48035798.00  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                      | ASML HOLDING NV                            | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     68922 | NS      | $37302370.00  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson PLC                         | Ferguson PLC                               | CUSIP: G3421J106<br>LEI: 213800DU1LGY3R2S2X42 | Long             | EC               | CORP              | GB        |    286930 | NS      | $36243922.00  | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                           | JD.Com Inc - Class A                       | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | HK        |   1746226 | NS      | $49089844.00  | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                    | Natwest Group PLC                          | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |   8207084 | NS      | $26192569.00  | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                           | Hexagon AB - Class B                       | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |   1152232 | NS      | $12118667.00  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Permanent TSB Group Holdings P       | Permanent TSB Group Holdings PLC           | CUSIP: G7015D110<br>LEI: 635400DTNHVYGZODKQ93 | Long             | EC               | CORP              | IE        |   5290709 | NS      | $10272955.00  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC                          | Beazley PLC                                | CUSIP: G0936K107<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |   4371108 | NS      | $35768922.00  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | Magic Leap Inc PP - Class A                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     19041 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dr Ing hc F Porsche AG               | Dr Ing hc F Porsche AG                     | CUSIP: D2R3HA114<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |    203365 | NS      | $20629709.00  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                            | Argenx SE (ADR)                            | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             |  | CORP              | US        |     55768 | NS      | $21126591.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                  | Ascendis Pharma A/S (ADR)                  | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | US        |     81386 | NS      | $9939672.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd           | Full Truck Alliance Co Ltd SPONSORED ADS   | CUSIP: 35969L108<br>LEI: N/A                  | Long             |  | CORP              | US        |   2441097 | NS      | $19528776.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2023-02-14

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

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