# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0000277751-26-000161
**Filing Date:** 2026-5
**Character Count:** 39415
**Document Hash:** fba4dd6f78bdf38e5a2013f490279f48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000277751-26-000161.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000277751-26-000161

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260630

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01879
- **FILM NUMBER:** 261042089

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

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

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

## Series and Classes Contracts Data

### Janus Henderson Small-Mid Cap Value Fund (Series ID: S000035097)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000107973 | Class A      | JVSAX           |
| C000107974 | Class C      | JVSCX           |
| C000107975 | Class D      | JSVDX           |
| C000107976 | Class I      | JVSIX           |
| C000107977 | Class S      | JSVSX           |
| C000107978 | Class T      | JSVTX           |
| C000114893 | Class N      | JVSNX           |

## Nport-Ex

**Janus Henderson Small-Mid Cap Value Fund**

**Schedule of Investments (unaudited)**

**March 31, 2026**

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

---

| | | |
|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>| *Value* |
| Common Stocks – 97.6% |  |  |
| Automobiles – 1.9% |  |  |
| &nbsp;&nbsp;&nbsp; Thor Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17009 | &nbsp;&nbsp; $1358849 |
| Banks – 9.5% |  |  |
| &nbsp;&nbsp;&nbsp; Business First Bancshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75539 | &nbsp;&nbsp;&nbsp;&nbsp; 2042575 |
| &nbsp;&nbsp;&nbsp; Fulton Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72959 | &nbsp;&nbsp;&nbsp;&nbsp; 1483986 |
| &nbsp;&nbsp;&nbsp; OFG Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35862 | &nbsp;&nbsp;&nbsp;&nbsp; 1450976 |
| &nbsp;&nbsp;&nbsp; Wintrust Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13148 | &nbsp;&nbsp;&nbsp;&nbsp; 1826783 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6804320 |
| Building Products – 2.3% |  |  |
| &nbsp;&nbsp;&nbsp; Carlisle Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3629 | &nbsp;&nbsp;&nbsp;&nbsp; 1210707 |
| &nbsp;&nbsp;&nbsp; Janus International Group Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460601 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1671308 |
| Capital Markets – 3.4% |  |  |
| &nbsp;&nbsp;&nbsp; Lazard Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25066 | &nbsp;&nbsp;&nbsp;&nbsp; 1064803 |
| &nbsp;&nbsp;&nbsp; WisdomTree Investments Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93639 | &nbsp;&nbsp;&nbsp;&nbsp; 1363384 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2428187 |
| Chemicals – 4.7% |  |  |
| &nbsp;&nbsp;&nbsp; Quaker Chemical Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13992 | &nbsp;&nbsp;&nbsp;&nbsp; 1738226 |
| &nbsp;&nbsp;&nbsp; Solstice Advanced Materials Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21100 | &nbsp;&nbsp;&nbsp;&nbsp; 1606976 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3345202 |
| Commercial Services & Supplies – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; Boyd Group Inc/The | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9459 | &nbsp;&nbsp;&nbsp;&nbsp; 1209428 |
| Consumer Finance – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; Ally Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31399 | &nbsp;&nbsp;&nbsp;&nbsp; 1231783 |
| Containers & Packaging – 1.9% |  |  |
| &nbsp;&nbsp;&nbsp; Ball Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23774 | &nbsp;&nbsp;&nbsp;&nbsp; 1405281 |
| Distributors – 2.1% |  |  |
| &nbsp;&nbsp;&nbsp; LKQ Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52155 | &nbsp;&nbsp;&nbsp;&nbsp; 1531792 |
| Electric Utilities – 3.3% |  |  |
| &nbsp;&nbsp;&nbsp; Alliant Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32568 | &nbsp;&nbsp;&nbsp;&nbsp; 2337080 |
| Electrical Equipment – 1.8% |  |  |
| &nbsp;&nbsp;&nbsp; Regal Beloit Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6774 | &nbsp;&nbsp;&nbsp;&nbsp; 1268499 |
| Electronic Equipment, Instruments & Components – 8.2% |  |  |
| &nbsp;&nbsp;&nbsp; CDW Corp/DE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746209 |
| &nbsp;&nbsp;&nbsp; Fabrinet<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 918397 |
| &nbsp;&nbsp;&nbsp; Littelfuse Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7406 | &nbsp;&nbsp;&nbsp;&nbsp; 2513226 |
| &nbsp;&nbsp;&nbsp; Vontier Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48426 | &nbsp;&nbsp;&nbsp;&nbsp; 1717670 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5895502 |
| Food & Staples Retailing – 2.2% |  |  |
| &nbsp;&nbsp;&nbsp; Casey's General Stores Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150 | &nbsp;&nbsp;&nbsp;&nbsp; 1564899 |
| Health Care Equipment & Supplies – 5.0% |  |  |
| &nbsp;&nbsp;&nbsp; Carlsmed Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 507714 |
| &nbsp;&nbsp;&nbsp; ICU Medical Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12145 | &nbsp;&nbsp;&nbsp;&nbsp; 1568527 |
| &nbsp;&nbsp;&nbsp; LivaNova PLC<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23668 | &nbsp;&nbsp;&nbsp;&nbsp; 1504338 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3580579 |
| Household Durables – 2.8% |  |  |
| &nbsp;&nbsp;&nbsp; Toll Brothers Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9183 | &nbsp;&nbsp;&nbsp;&nbsp; 1253204 |
| &nbsp;&nbsp;&nbsp; TopBuild Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759159 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2012363 |
| Insurance – 7.5% |  |  |
| &nbsp;&nbsp;&nbsp; Axis Capital Holdings Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19374 | &nbsp;&nbsp;&nbsp;&nbsp; 1964717 |
| &nbsp;&nbsp;&nbsp; Hartford Financial Services Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11573 | &nbsp;&nbsp;&nbsp;&nbsp; 1565017 |
| &nbsp;&nbsp;&nbsp; Selective Insurance Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24445 | &nbsp;&nbsp;&nbsp;&nbsp; 1842909 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5372643 |
| Machinery – 4.9% |  |  |
| &nbsp;&nbsp;&nbsp; Helios Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30570 | &nbsp;&nbsp;&nbsp;&nbsp; 1978185 |
| &nbsp;&nbsp;&nbsp; Lincoln Electric Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6094 | &nbsp;&nbsp;&nbsp;&nbsp; 1517893 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3496078 |
| Marine – 1.8% |  |  |
| &nbsp;&nbsp;&nbsp; Kirby Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9870 | &nbsp;&nbsp;&nbsp;&nbsp; 1311526 |
| Media – 2.4% |  |  |
| &nbsp;&nbsp;&nbsp; Fox Corp - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33207 | &nbsp;&nbsp;&nbsp;&nbsp; 1763292 |
| Metals & Mining – 2.3% |  |  |
| &nbsp;&nbsp;&nbsp; Commercial Metals Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26381 | &nbsp;&nbsp;&nbsp;&nbsp; 1620585 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Common Stocks – (continued) |  |  |
| Oil, Gas & Consumable Fuels – 5.5% |  |  |
| &nbsp;&nbsp;&nbsp; Gulfport Energy Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7148 | &nbsp;&nbsp; $1512302 |
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76782 | &nbsp;&nbsp;&nbsp;&nbsp; 2424008 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3936310 |
| Professional Services – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; TransUnion | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 717293 |
| Real Estate Management & Development – 1.6% |  |  |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield Ltd<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94757 | &nbsp;&nbsp;&nbsp;&nbsp; 1161721 |
| Retail Real Estate Investment Trusts (REITs) – 2.6% |  |  |
| &nbsp;&nbsp;&nbsp; Agree Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24737 | &nbsp;&nbsp;&nbsp;&nbsp; 1864675 |
| Road & Rail – 3.6% |  |  |
| &nbsp;&nbsp;&nbsp; Landstar System Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7936 | &nbsp;&nbsp;&nbsp;&nbsp; 1272220 |
| &nbsp;&nbsp;&nbsp; Saia Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3756 | &nbsp;&nbsp;&nbsp;&nbsp; 1319408 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2591628 |
| Semiconductor & Semiconductor Equipment – 3.4% |  |  |
| &nbsp;&nbsp;&nbsp; Qnity Electronics Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13215 | &nbsp;&nbsp;&nbsp;&nbsp; 1524746 |
| &nbsp;&nbsp;&nbsp; Teradyne Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 884044 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2408790 |
| Software – 1.1% |  |  |
| &nbsp;&nbsp;&nbsp; nCino Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793805 |
| Specialized Real Estate Investment Trusts (REITs) – 2.7% |  |  |
| &nbsp;&nbsp;&nbsp; Lamar Advertising Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15420 | &nbsp;&nbsp;&nbsp;&nbsp; 1953097 |
| Specialty Retail – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Academy Sports & Outdoors Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489873 |
| &nbsp;&nbsp;&nbsp; Boot Barn Holdings Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265497 |
| &nbsp;&nbsp;&nbsp; Burlington Stores Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4481 | &nbsp;&nbsp;&nbsp;&nbsp; 1458028 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2213398 |
| Trading Companies & Distributors – 1.6% |  |  |
| &nbsp;&nbsp;&nbsp; Titan Machinery Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67086 | &nbsp;&nbsp;&nbsp;&nbsp; 1121678 |
| Total Common Stocks (cost $54,358,999) |  | &nbsp;&nbsp; 69971591 |
| Repurchase Agreements – 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ING Financial Markets LLC, Joint repurchase agreement, 3.6100%, dated <br> 3/31/26, maturing 4/1/26 to be repurchased at $2,000,201 collateralized by <br> $2,042,499 in U.S. Treasuries 0% - 3.3750%, 5/5/26 - 7/15/35 with a value <br> of $2,040,205 (cost $2,000,000)<br>| $2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 |
| Total Investments (total cost $56,358,999) – 100.4% |  | &nbsp;&nbsp; 71971591 |
| Liabilities, net of Cash, Receivables and Other Assets – (0.4)% |  | &nbsp;&nbsp;&nbsp;&nbsp; (316758) |
| Net Assets – 100% |  | $71654833 |

---

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

---

| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** |  |  |
| *Country* | *Value* | &nbsp;&nbsp; *% of* <br>*Investment* <br>*Securities*<br>|
| United States | $70762163 | &nbsp;&nbsp;&nbsp;&nbsp; 98.3<br> %<br>|
| Canada | 1209428 | &nbsp;&nbsp;&nbsp;&nbsp;1.7 |
| Total | $71971591 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

---

------

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

LLC Limited Liability Company <br> PLC Public Limited Company

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

\* Non-income producing security.

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

instruments as of March 31, 2026.

---

| | | | |
|:---|:---|:---|:---|
| **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* | $69971591 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- |
| *Repurchase Agreements* | - | &nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $69971591 | &nbsp;&nbsp;&nbsp; $2000000 | &nbsp;&nbsp;&nbsp; $- |

---

------

**Investment Valuation**

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

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

**Valuation Inputs Summary**

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

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

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

rates and similar data.

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

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

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

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

------

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of March 31, 2026 to fair value the Fund's investments in securities and other financial instruments is included in the "Valuation Inputs Summary" in the Notes to Schedule of Investments.

------

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

statements.

125-35-70295 05-26

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

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

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

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

- **b. EDGAR series identifier (if any):** S000035097

- **c. LEI of Series:** 549300HQ5RZ4HJ4T1U70

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $71826819.67

**Total Liabilities:** $171986.41

**Net Assets:** $71654833.26

**Cash Not Reported:** $87965.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000107973 | 6.38%                | 4.04%                | -7.71%               |
| Class ID C000107974 | 6.38%                | 3.98%                | -7.78%               |
| Class ID C000107975 | 6.47%                | 4.07%                | -7.71%               |
| Class ID C000107976 | 6.46%                | 4.08%                | -7.73%               |
| Class ID C000107977 | 6.45%                | 4.02%                | -7.73%               |
| Class ID C000107978 | 6.46%                | 4.07%                | -7.76%               |
| Class ID C000114893 | 6.41%                | 4.08%                | -7.72%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $418380.00               | $4032040.00                                |
| Month 2  | $-431225.00              | $3454894.00                                |
| Month 3  | $603374.00               | $-6770743.00                               |

**Designated Index Information**

- **Index Name:** RUSSELL 2500 VALUE

- **Index Identifier:** RUSSELL.MC.R2500V

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Academy Sports and Outdoors Inc   | Academy Sports and Outdoors Inc COM                  | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |      8678 | NS      | $489873.10    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                 | Agree Realty Corp COM USD0.0001                      | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     24737 | NS      | $1864675.06   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation        | Alliant Energy Corporation COM USD0.01               | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     32568 | NS      | $2337079.68   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.               | Ally Financial Inc. COM USD0.01                      | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     31399 | NS      | $1231782.77   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corporation                  | Ball Corporation COM NPV                             | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     23774 | NS      | $1405281.14   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc            | Boot Barn Holdings Inc COM USD0.0001                 | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      1814 | NS      | $265497.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Group Services Inc           | Boyd Group Services Inc COM                          | CUSIP: 103310108<br>LEI: 254900IZ8DD5A8NHRY07 | Long             | EC               | CORP              | US        |      9459 | NS      | $1209427.74   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.            | Burlington Stores Inc. COM USD0.0001                 | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      4481 | NS      | $1458027.78   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc.    | Business First Bancshares Inc. COM USD1.00           | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |     75539 | NS      | $2042574.56   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                          | CDW Corp COM USD0.01                                 | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      6166 | NS      | $746209.32    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.           | Carlisle Companies Inc. COM USD1                     | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      3629 | NS      | $1210706.98   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsmed Inc.                     | Carlsmed Inc. COM                                    | CUSIP: 14280C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56101 | NS      | $507714.05    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.       | Casey'S General Stores Inc. COM NPV                  | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      2150 | NS      | $1564899.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company         | Commercial Metals Company COM USD5                   | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     24626 | NS      | $1512775.18   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                   | Fox Corporation COM USD0.01 CL B                     | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     33207 | NS      | $1763291.70   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ncino Inc.                        | Ncino Inc. COM                                       | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     52991 | NS      | $793805.18    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                  | WisdomTree, Inc. COM USD0.01                         | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     93639 | NS      | $1363383.84   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corporation      | Fulton Financial Corporation COM USD2.50             | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |     72959 | NS      | $1483986.06   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc.              | Titan Machinery Inc. COM STK USD0.0001               | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     63497 | NS      | $1061669.84   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.               | Toll Brothers, Inc. COM USD0.01                      | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      9183 | NS      | $1253204.01   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation              | Topbuild Corporation COM USD0.01 'WI'                | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      2161 | NS      | $759159.30    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                        | TransUnion COM USD0.01                               | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     10367 | NS      | $717292.73    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation               | Vontier Corporation COM                              | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     48426 | NS      | $1717670.22   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation    | Wintrust Financial Corporation COM NPV               | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     13148 | NS      | $1826783.12   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman And Wakefield Ltd.        | Cushman And Wakefield Ltd. COMMON SHARES             | CUSIP: G2717C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88621 | NS      | $1086493.46   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | ING Financial Markets LLC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 2.79%             |  |  |  | No            |                  2 | On Loan: No      |
| AXIS Capital Holdings Limited     | AXIS Capital Holdings Limited COM USD0.0125          | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | US        |     19374 | NS      | $1964717.34   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                          | Fabrinet COM USD0.01                                 | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | US        |      1761 | NS      | $918396.72    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc.    | Selective Insurance Group Inc. COM USD2              | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     24445 | NS      | $1842908.55   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.  | Solstice Advanced Materials Inc. COM SHS             | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |     21100 | NS      | $1606976.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                     | Teradyne Inc. COM USD0.125                           | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      2982 | NS      | $884043.72    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.              | Thor Industries Inc. COM USD0.10                     | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     17009 | NS      | $1358849.01   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.   | Gulfport Energy Operating Corp. COMMON SHARES        | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |      7148 | NS      | $1512302.36   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc. | The Hartford Insurance Group Inc. COM USD0.01        | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     11573 | NS      | $1565016.79   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc           | Helios Technologies Inc COM USD0.001                 | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     30570 | NS      | $1978184.70   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                   | ICU Medical Inc COM USD0.10                          | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     12145 | NS      | $1568526.75   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc     | Janus International Group Inc COMMON STOCK           | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89437 | NS      | $460600.55    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                        | Kirby Corp COM USD0.10                               | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      9870 | NS      | $1311525.60   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corporation                   | LKQ Corporation COM USD0.01                          | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     52155 | NS      | $1531792.35   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company         | Lamar Advertising Company COM USD0.001 CL A          | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     15420 | NS      | $1953097.20   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc.              | Landstar System Inc. COM USD0.01                     | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      7936 | NS      | $1272220.16   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                        | Lazard Inc COM                                       | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |     25066 | NS      | $1064803.68   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.    | Lincoln Electric Holdings Inc. COM NPV               | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      6094 | NS      | $1517893.52   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                   | Littelfuse Inc. COM USD0.01                          | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      7406 | NS      | $2513226.10   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corporation    | Magnolia Oil & Gas Corporation COM USD0.0001 CLASS A | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76782 | NS      | $2424007.74   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                       | OFG Bancorp COM USD1                                 | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | US        |     35862 | NS      | $1450976.52   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Houghton                   | Quaker Houghton COM USD1                             | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     13992 | NS      | $1738226.16   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc.            | Qnity Electronics Inc. COMMON STOCK                  | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |     13215 | NS      | $1524746.70   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation         | Regal Rexnord Corporation COM USD0.01                | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      6412 | NS      | $1200711.12   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                          | Saia Inc COM USD0.001                                | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      3756 | NS      | $1319407.68   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                      | LivaNova PLC ORD GBP1.00 (DI)                        | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | US        |     23668 | NS      | $1504338.08   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-15

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

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