intech global dividend fund

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2Q13

INTECH GLOBAL DIVIDEND FUND EQUITY INCOME FROM DEVELOPED MARKETS A: JGDAX

C: JGDCX S: JGDSX

I: JGDIX

Class A Shares as of 6/30/13

T: JDGTX

Fund Overview Global Equity Income Fund

25 Years of Disciplined Investing

Income + Appreciation Potential

Diversified portfolio of high dividend paying companies from developed markets with at least a five-year history of consistent dividend payments.

Mathematical investment process is disciplined, repeatable and provides styleconsistent portfolios. INTECH is a market leader based upon U.S. institutional quantitative assets under management.

Seeks to balance dividend income and longterm growth of capital, which together may help offset the negative consequences of inflation.

Fund Performance Performance (%)

2Q2013

YTD

1 yr

3 yr

Average Annual Total Returns Since Inception 5 yr 10 yr (12/15/11)

Class A Shares @ NAV

-1.61

5.59

15.41

—

—

—

13.75

Class A Shares @ MOP

-7.23

-0.48

8.82

—

—

—

9.47

SM

MSCI World Index

0.65

8.43

18.58

—

—

—

18.60

MSCI World High Dividend Yield Index

-1.33

7.03

16.26

—

—

—

15.44

Annual Expense Ratio: Gross 5.58% / Net 0.77%† As of 6/30/2013, the 30 Day SEC Yield for Class A Shares was 3.55%‡ Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold. For the most recent month-end performance call 877.33JANUS (52687) or visit janus.com/advisor/mutual-funds. Performance shown for Class A Shares at Maximum Offering Price (MOP) includes the Fund’s maximum sales charge of 5.75%. Performance shown at Net Asset Value (NAV) does not include this sales charge and would have been lower had this sales charge been taken into account. Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/14.

†

Calendar Year Returns (%)

2012

Class A Shares @ NAV

12.05

MSCI World Index

15.83

SM

‡The SEC standardized yield is computed under an SEC standardized formula and reflects an estimated yield to maturity (assuming all portfolio securities are held to maturity). Returns and yields shown include fee waivers, if any, and without such waivers the Fund’s yield would have been 2.18%.

Returns include reinvestment of dividends and capital gains. Continued on back page.

2Q13

Class A Shares as of 6/30/13

INTECH GLOBAL DIVIDEND FUND

JANUS.COM

Subadvisor

Fund Details Top 10 Holdings

Top 10 Countries

(% of Fund) Bristol-Myers Squibb Co. ConAgra Foods, Inc. General Mills, Inc. Hewlett-Packard Co. Kellogg Co. Reckitt Benckiser Group PLC Roche Holding A.G. Sampo Oyj - Class A Telstra Corp., Ltd. Woolworths, Ltd. Total 17.3 Holdings are subject to change without notice. For a complete list of holdings as of the most recent publicly available disclosure period, visit janus.com/advisor/mutual-funds.

(% of Fund) United States Australia United Kingdom Japan Switzerland France Spain Sweden Canada Hong Kong Total Country and/or regional weights based on Bloomberg classifications.

(% of Fund) Developed Markets (U.S.) Developed Markets (Non-U.S.) Cash/equivalents

Portfolio Managers 35.9 10.3 9.2 5.0 4.6 4.5 3.7 3.7 3.6 3.2 83.7

36 63 1

Adrian Banner, Ph.D. Vassilios Papathanakos, Ph.D. Joseph Runnels, CFA Phillip Whitman, Ph.D.

Fund Assets

$9.3 M

Distribution Frequency

Monthly

Number of Holdings

290

Turnover (1-yr trailing)

114%

Weighted Average Market Cap

Sector Allocation

$30.1 B

Morningstar Category

(% of Fund)

Regional Summary

INTECH

Consumer Noncyclicals Financials Communications Utilities Industrials Consumer Cyclicals Technology Energy Basic Materials Diversified Cash/equivalents

World Stock 32.1 12.6 12.3 11.8 10.1 9.3 4.0 3.5 3.0 0.8 0.5

Ready to learn more? Contact your Financial Advisor today. Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus at 877.33JANUS (52687) or download the file from janus.com/info. Read it carefully before you invest or send money. For a period of three years subsequent to the effective date, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed if the Fund's expense ratio, including recovered expenses, falls below the expense limit. A Fund’s performance may be affected by risks that include those associated with nondiversification, non-investment grade debt securities, high-yield/high-risk securities, undervalued or overlooked companies, investments in specific industries or countries and potential conflicts of interest. Additional risks to a Fund may also include, but are not limited to, those associated with investing in foreign securities, emerging markets, initial public offerings, real estate investment trusts (REITs), derivatives, short sales, commodity-linked investments and companies with relatively small market capitalizations. Each Fund has different risks. Please see a Janus prospectus for more information about risks, Fund holdings and other details. Foreign securities have additional risks including exchange rate changes, political and economic upheaval, the relative lack of information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards. These risks are magnified in emerging markets. The prices of foreign securities held by the fund, and therefore a fund’s performance, may decline in response to such risks. The proprietary mathematical process used by INTECH may not achieve the desired results. Since the Fund's portfolio is periodically re-balanced, this may result in a higher portfolio turnover rate, higher expenses and potentially higher net taxable gains or losses compared to a "buy and hold" or index fund strategy. MSCI World IndexSM is a market capitalization weighted index composed of companies representative of the market structure of developed market countries in North America, Europe and the Asia/Pacific Region. The index includes reinvestment of dividends, net of foreign withholding taxes. MSCI World High Dividend Yield Index is designed to reflect the performance of the high dividend yield securities contained within the broader MSCI World Index. MSCI World High Dividend Yield Index includes large and mid cap stocks from developed markets across the Americas, Asia-Pacific and Europe. A Fund’s portfolio may differ significantly from the securities held in an index. An index is unmanaged and not available for direct investment; therefore its performance does not reflect the expenses associated with the active management of an actual portfolio. INTECH Investment Management LLC is an indirect subsidiary of Janus Capital Group Inc. and serves as the sub-adviser on certain products. © 2013 Morningstar, Inc. All Rights Reserved. Fund distributed by Janus Distributors LLC (09/13) C-0813-43030 10-15-13

198-08-21526 09-13