0000950123-12-013161.txt : 20121119 0000950123-12-013161.hdr.sgml : 20121119 20121116190613 ACCESSION NUMBER: 0000950123-12-013161 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121119 DATE AS OF CHANGE: 20121116 EFFECTIVENESS DATE: 20121119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JANUS INVESTMENT FUND CENTRAL INDEX KEY: 0000277751 IRS NUMBER: 840592523 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-34393 FILM NUMBER: 121212922 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JANUS INVESTMENT FUND CENTRAL INDEX KEY: 0000277751 IRS NUMBER: 840592523 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-01879 FILM NUMBER: 121212923 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 0000277751 S000010466 Janus Government Money Market Fund C000028921 Class T JAGXX C000083514 Class D 0000277751 S000010468 Janus High-Yield Fund C000028924 Class T JAHYX C000077664 Class A C000077665 Class C C000077666 Class I C000077667 Class R C000077668 Class S C000083516 Class D C000114871 Class N 0000277751 S000010471 Perkins Mid Cap Value Fund C000028927 Class L JMIVX C000028928 Class T JMCVX C000077673 Class A C000077674 Class C C000077675 Class I C000077676 Class R C000077677 Class S C000083518 Class D C000114873 Class N 0000277751 S000010472 Janus Money Market Fund C000028930 Class T JAMXX C000083519 Class D 0000277751 S000010478 INTECH U.S. Core Fund C000028937 Class T JRMSX C000077697 Class A C000077698 Class C C000077699 Class I C000077700 Class S C000083524 Class D 0000277751 S000010479 Janus Short-Term Bond Fund C000028938 Class T JASBX C000077701 Class A C000077702 Class C C000077703 Class I C000077704 Class S C000083525 Class D C000114878 Class N 0000277751 S000010480 Perkins Small Cap Value Fund C000028939 Class L JSIVX C000028940 Class T JSCVX C000077705 Class A C000077706 Class C C000077707 Class I C000077708 Class R C000077709 Class S C000083526 Class D C000114879 Class N 0000277751 S000010481 Janus Growth Allocation Fund C000028941 Class T JSPGX C000077710 Class A C000077711 Class C C000077712 Class I C000077713 Class S C000083527 Class D 0000277751 S000010482 Janus Moderate Allocation Fund C000028942 Class T JSPMX C000077714 Class A C000077715 Class C C000077716 Class I C000077717 Class S C000083528 Class D 0000277751 S000010483 Janus Conservative Allocation Fund C000028943 Class T JSPCX C000077718 Class A C000077719 Class C C000077720 Class I C000077721 Class S C000083529 Class D 0000277751 S000010492 Janus Flexible Bond Fund C000028954 Class T JAFIX C000077742 Class A C000077743 Class C C000077744 Class I C000077745 Class R C000077746 Class S C000083536 Class D C000114884 Class N 0000277751 S000025890 Perkins Large Cap Value Fund C000077602 Class A C000077603 Class C C000077604 Class I C000077605 Class S C000077606 Class T C000083541 Class D C000114887 Class N 0000277751 S000025892 Janus World Allocation Fund C000077613 Class A C000077614 Class C C000077615 Class I C000077616 Class S C000077617 Class T 0000277751 S000025896 INTECH U.S. Growth Fund C000077635 Class A C000077636 Class C C000077637 Class I C000077638 Class S C000077639 Class T 0000277751 S000025897 INTECH International Fund C000077640 Class A C000077641 Class C C000077642 Class I C000077643 Class S C000077644 Class T 0000277751 S000025898 INTECH U.S. Value Fund C000077645 Class A C000077646 Class C C000077647 Class I C000077648 Class S C000077649 Class T 0000277751 S000029570 Perkins Value Plus Income Fund C000090764 Class A C000090765 Class C C000090766 Class D C000090767 Class I C000090768 Class S C000090769 Class T C000114890 Class N 0000277751 S000030901 Janus Global Bond Fund C000095874 Class I C000095875 Class S C000095876 Class T C000095877 Class A C000095878 Class C C000095879 Class D C000114892 Class N 0000277751 S000032050 Janus Real Return Fund C000099809 Class A C000099810 Class C C000099811 Class D C000099812 Class I C000099813 Class S C000099814 Class T 0000277751 S000035091 INTECH Global Dividend Fund C000107955 Class A C000107956 Class C C000107957 Class D C000107958 Class I C000107959 Class S C000107960 Class T 0000277751 S000035097 Perkins Select Value Fund C000107973 Class A C000107974 Class C C000107975 Class D C000107976 Class I C000107977 Class S C000107978 Class T C000114893 Class N 485BPOS 1 d31011e485bpos.htm 485BPOS e485bpos
     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
         
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
       
     (No. 002-34393)
    þ  
 
       
     Pre- Effective Amendment No. ____
    o  
 
       
     Post-Effective Amendment No. 181
    þ  
and/or
         
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
       
     (No. 811-01879)
    þ  
 
       
     Amendment No. 164
    þ  
(Check appropriate box or boxes.)
JANUS INVESTMENT FUND
 
(Exact Name of Registrant as Specified in Charter)
151 Detroit Street, Denver, Colorado 80206-4805
 
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, including Area Code: 303-333-3863
Stephanie Grauerholz-Lofton — 151 Detroit Street, Denver, Colorado 80206-4805
 
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering: As soon as practicable after the effective date of this Registration Statement and thereafter from day to day.
It is proposed that this filing will become effective (check appropriate box):
þ     immediately upon filing pursuant to paragraph (b)
o     on (date) pursuant to paragraph (b)
o     60 days after filing pursuant to paragraph (a)(1)
o     on (date) pursuant to paragraph (a)(1)
o     75 days after filing pursuant to paragraph (a)(2)
o     on (date) pursuant to paragraph (a)(2) of rule 485.
If appropriate, check the following box:
o      This post-effective amendment designates a new effective date for a previously filed post-effective amendment.
 
 


 

SIGNATURES
     Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Amendment to its Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized, in the City of Denver, and State of Colorado, on the 19th day of November, 2012.
         
  JANUS INVESTMENT FUND
 
 
 
  By:   /s/ Robin C. Beery    
    Robin C. Beery, President and
Chief Executive Officer 
 
 
     Janus Investment Fund is organized under an Amended and Restated Agreement and Declaration of Trust dated March 18, 2003 (“Declaration of Trust”), a copy of which is on file with the Secretary of State of The Commonwealth of Massachusetts. The obligations of the Registrant hereunder are not binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Registrant personally, but bind only the trust property of the Registrant, as provided in the Declaration of Trust of the Registrant. The execution of this Amendment to the Registration Statement has been authorized by the Trustees of the Registrant and this Amendment to the Registration Statement has been signed by an authorized officer of the Registrant, acting as such, and neither such authorization by such Trustees nor such execution by such officer shall be deemed to have been made by any of them personally, but shall bind only the trust property of the Registrant as provided in its Declaration of Trust.
     Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
         
Signature   Title   Date
 
       
/s/ Robin C. Beery
 
Robin C. Beery
  President and Chief Executive Officer (Principal Executive Officer)   November 19, 2012
 
       
/s/ Jesper Nergaard
 
Jesper Nergaard
  Vice President, Chief Financial Officer, Treasurer and Principal Accounting Officer (Principal Financial Officer and Principal Accounting Officer)   November 19, 2012

C-1


 

         
Signature   Title   Date
 
       
William F. McCalpin*
 
William F. McCalpin
  Chairman and Trustee    November 19, 2012
 
       
William D. Cvengros*
 
William D. Cvengros
  Trustee    November 19, 2012
 
       
John P. McGonigle*
 
John P. McGonigle
  Trustee    November 19, 2012
 
       
James T. Rothe*
 
James T. Rothe
  Trustee    November 19, 2012
 
       
William D. Stewart*
 
William D. Stewart
  Trustee    November 19, 2012
 
       
Linda S. Wolf*
 
Linda S. Wolf
  Trustee    November 19, 2012
         
/s/ Stephanie Grauerholz-Lofton    
 `    
*By:
  Stephanie Grauerholz-Lofton    
 
  Attorney-in-Fact    
    Pursuant to Powers of Attorney, dated April 11, 2008, incorporated by reference to Exhibit 15(c) to Post-Effective Amendment No. 123, filed on February 27, 2009; Power of Attorney, dated June 24, 2010, incorporated by reference to Exhibit (q)(4) to Post-Effective Amendment No. 132, filed on July 30, 2010; and Power of Attorney, dated January 5, 2011, incorporated by reference to Exhibit (q)(5) to Post-Effective Amendment No. 138, filed on January 28, 2011

C-2


 

INDEX OF EXHIBITS
     
Exhibit Number   Exhibit Title
EX-101.INS
  XBRL Instance Document
EX-101.SCH
  XBRL Taxonomy Extension Schema Document
EX-101.CAL
  XBRL Taxonomy Extension Calculation Linkbase
EX-101.LAB
  XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE
  XBRL Taxonomy Extension Presentation Linkbase
EX-101.DEF
  XBRL Taxonomy Extension Definition Linkbase

C-3

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style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE<b></font> <b>Janus Growth Allocation Fund</b> seeks total return through a primary emphasis on growth of capital with a secondary emphasis on income. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 18% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (&#8220;underlying funds&#8221;) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund&#8217;s investments that normally provides exposure of approximately 80% to stocks and 20% to bonds and money market securities. The target allocation and the allocation of the Fund&#8217;s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a &#8220;fund of funds.&#8221;<br/><br/>The Fund&#8217;s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds&#8217; weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund&#8217;s investments in the underlying funds. The portfolio manager may change the Fund&#8217;s asset class allocations, the underlying funds, an underlying fund&#8217;s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.<br/><br/>The Fund will normally allocate approximately 80% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 20% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds. <br/><br/>When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.<br/><br/><b>Main Risks Associated with the Fund</b><br/><b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the portfolio manager&#8217;s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.<br/><br/><b><i>Affiliated Fund Risk.</i></b> Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.<br/><br/><b>Main Risks Associated with the Underlying Funds and Securities</b><br/>The biggest risk is that the underlying funds&#8217; returns will vary, and you could lose money.<br/><br/><b><i>Market Risk.</i></b> Approximately 80% of the Fund&#8217;s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager&#8217;s belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> Approximately 20% of the Fund&#8217;s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund&#8217;s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.<br/><br/><b><i>Foreign Exposure Risk.</i></b> Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund&#8217;s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund&#8217;s performance than it would in a more geographically diversified portfolio. An underlying fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of an underlying fund&#8217;s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. <br/><br/><b><i>Sovereign Debt Risk.</i></b> An underlying fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/><b><i>Exchange-Traded Funds Risk.</i></b> Certain underlying funds may purchase shares of exchange-traded funds (&#8220;ETFs&#8221;) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br/><br/><b><i>Exchange-Traded Notes Risk.</i></b> Certain underlying funds may invest in exchange-traded notes (&#8220;ETNs&#8221;), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer&#8217;s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund&#8217;s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund&#8217;s decision to sell its ETN holdings may be limited by the availability of a secondary market.<br/><br/><b><i>Derivatives Risk.</i></b> Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. <br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.<ul type="square"><li style="margin-left:-20px">The performance shown for Class&nbsp;T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. </li><li style="margin-left:-20px">The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class&nbsp;J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. </li><li style="margin-left:-20px"> The performance shown for Class&nbsp;I Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class&nbsp;J Shares, calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers.</li></ul>If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>18.37%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2008<b>&nbsp;&nbsp;&#8722;18.05%</b></div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) The Growth Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (50%), the MSCI EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index (25%), the Barclays U.S. Aggregate Bond Index (20%), and the Morgan Stanley Capital International Emerging Markets Free Index<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"><font style="FONT-VARIANT: small-caps">sm</font></sup><font style="FONT-VARIANT: small-caps"> (5%). </font><br/><br/>After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font><br/><br/><font style="FONT-SIZE: 16pt">Janus Conservative Allocation Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Janus Conservative Allocation Fund</b> seeks total return through a primary emphasis on income with a secondary emphasis on growth of capital. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 50000 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> 0.18 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover: </b> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 10% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (&#8220;underlying funds&#8221;) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund&#8217;s investments that normally provides exposure of approximately 40% to stocks and 60% to bonds and money market securities. The target allocation and the allocation of the Fund&#8217;s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a &#8220;fund of funds.&#8221;<br/><br/>The Fund&#8217;s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds&#8217; weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund&#8217;s investments in the underlying funds. The portfolio manager may change the Fund&#8217;s asset class allocations, the underlying funds, an underlying fund&#8217;s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.<br/><br/>The Fund will normally allocate approximately 60% of its investments to underlying bond funds and money market instruments; and approximately 40% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets). Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.<br/><br/>When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking income and, to a lesser extent, growth of capital. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.<br/><br/><b>Main Risks Associated with the Fund</b><br/><b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the portfolio manager&#8217;s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.<br/><br/><b><i>Affiliated Fund Risk.</i></b> Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.<br/><br/><b>Main Risks Associated with the Underlying Funds and Securities</b> <br/>The biggest risk is that the underlying funds&#8217; returns will vary, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> Approximately 60% of the Fund&#8217;s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund&#8217;s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/><b><i>Market Risk.</i></b> Approximately 40% of the Fund&#8217;s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager&#8217;s belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Foreign Exposure Risk.</i></b> Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund&#8217;s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund&#8217;s performance than it would in a more geographically diversified portfolio. An underlying fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of an underlying fund&#8217;s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. <br/><br/><b><i>Sovereign Debt Risk.</i></b> An underlying fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. <br/><br/><b><i>Exchange-Traded Funds Risk.</i></b> Certain underlying funds may purchase shares of exchange-traded funds (&#8220;ETFs&#8221;) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br/><br/><b><i>Exchange-Traded Notes Risk.</i></b> Certain underlying funds may invest in exchange-traded notes (&#8220;ETNs&#8221;), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer&#8217;s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund&#8217;s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund&#8217;s decision to sell its ETN holdings may be limited by the availability of a secondary market. <br/><br/><b><i>Derivatives Risk.</i></b> Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i></i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009. <ul type="square"><li style="margin-left:-20px">The performance shown for Class&nbsp;T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, Class&nbsp;S Shares, and Class&nbsp;I Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.</li></ul>If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers. <br/><br/> The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>10.64%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2008 <b>&nbsp;&nbsp;&#8722;6.58%</b> </div> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) The Conservative Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Barclays U.S. Aggregate Bond Index (60%), the Dow Jones Wilshire 5000 Index (28%), and the Morgan Stanley Capital International Europe, Australasia, Far East Index (&#8220;MSCI EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup>&#8221;) Index (12%).<br/><br/>After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 11.44%. 2012-09-30 0.1144 <b>Best Quarter:</b> 2009-06-30 0.1837 <b>Worst Quarter:</b> 2008-12-31 -0.1805 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class A Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class C Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class S Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class I Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 45 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 63 of the Fund&#8217;s Statement of Additional Information. 50000 <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 0.1 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Moderate Allocation Index</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions and Sale of Fund Shares</div> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. <br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> 0.0575 0 0 0 0 0 0.01 0 0 0 0.1428 The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.25%. 0.1271 -0.2528 0.3034 0.1231 -0.0255 2012-09-30 0.0925 <b>Best Quarter:</b> 2009-06-30 0.1064 <b>Worst Quarter:</b> 2008-09-30 -0.0658 <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Moderate Allocation Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE<b></font> <b>Janus Moderate Allocation Fund</b> seeks total return through growth of capital and income. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br />(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> 0.1428 0.1271 -0.2528 0.3034 0.1219 -0.0261 The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (&#8220;underlying funds&#8221;) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund&#8217;s investments that normally provides exposure of approximately 60% to stocks and 40% to bonds and money market securities. The target allocation and the allocation of the Fund&#8217;s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a &#8220;fund of funds.&#8221;<br /><br />The Fund&#8217;s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds&#8217; weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund&#8217;s investments in the underlying funds. The portfolio manager may change the Fund&#8217;s asset class allocations, the underlying funds, an underlying fund&#8217;s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.<br /><br />The Fund will normally allocate approximately 60% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 40% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds. <br /><br />When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.<br /><br /> <b>Main Risks Associated with the Fund</b><br /> <b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the portfolio manager&#8217;s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates. <br /><br /> <b><i>Affiliated Fund Risk.</i></b> Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.<br /><br /> <b>Main Risks Associated with the Underlying Funds and Securities</b> <br />The biggest risk is that the underlying funds&#8217; returns will vary, and you could lose money.<br /><br /> <b><i>Market Risk.</i></b> Approximately 60% of the Fund&#8217;s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager&#8217;s belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br /><br /> <b><i>Fixed-Income Securities Risk.</i></b> Approximately 40% of the Fund&#8217;s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund&#8217;s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.<br /><br /> <b><i>Foreign Exposure Risk.</i></b> Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund&#8217;s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund&#8217;s performance than it would in a more geographically diversified portfolio. An underlying fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br /><br /> <b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of an underlying fund&#8217;s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. <br /><br /> <b><i>Sovereign Debt Risk.</i></b> An underlying fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. <br /><br /> <b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br /><br /> <b><i>Exchange-Traded Funds Risk.</i></b> Certain underlying funds may purchase shares of exchange-traded funds (&#8220;ETFs&#8221;) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br /><br /> <b><i>Exchange-Traded Notes Risk.</i></b> Certain underlying funds may invest in exchange-traded notes (&#8220;ETNs&#8221;), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer&#8217;s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund&#8217;s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund&#8217;s decision to sell its ETN holdings may be limited by the availability of a secondary market.<br /><br /> <b><i>Derivatives Risk.</i></b> Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. <br /><br /> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers. <br /><br />The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower. <br /><br /><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/allfunds</font> or by calling <font style="WHITE-SPACE: nowrap">1-800-525-3713.</font></i> <b>Annual Total Returns for Class D Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: </b>Second Quarter 2009 <b>14.27% &nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter: </b>Fourth Quarter 2008<b> &#8722;11.62%</b> </div> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.34%. <b>Average Annual Total Returns</b> (periods ended 12/31/11) 0.1109 0.1019 -0.1601 0.2337 0.106 0.0139 The Moderate Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (40%), the Barclays U.S. Aggregate Bond Index (40%), the MSCI EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index (18%), and the Morgan Stanley Capital International Emerging Markets Free Index<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"><font style="FONT-VARIANT: small-caps">sm</font></sup> (2%). <br /><br />After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; and for the Fund&#8217;s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. Class D <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 18% of the average value of its portfolio. Class D Shares The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Conservative Allocation Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b>Janus Conservative Allocation Fund</b> seeks total return through a primary emphasis on income with a secondary emphasis on growth of capital. The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br /><br />The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> <i>1-800-525-3713</i> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <i>janus.com/allfunds</i> <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <b>Portfolio Turnover: </b> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusModerateAllocationFund column period compact * ~</div> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 10% of the average value of its portfolio. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <b>EXAMPLE:</b> Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (&#8220;underlying funds&#8221;) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund&#8217;s investments that normally provides exposure of approximately 40% to stocks and 60% to bonds and money market securities. The target allocation and the allocation of the Fund&#8217;s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a &#8220;fund of funds.&#8221; <br /><br />The Fund&#8217;s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds&#8217; weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund&#8217;s investments in the underlying funds. The portfolio manager may change the Fund&#8217;s asset class allocations, the underlying funds, an underlying fund&#8217;s asset category, or weightings among asset classes or underlying funds without prior shareholder notice. <br /><br />The Fund will normally allocate approximately 60% of its investments to underlying bond funds and money market instruments; and approximately 40% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets). Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds. <br /><br />When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective. 0.18 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking income and, to a lesser extent, growth of capital. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.<br /><br /><b>Main Risks Associated with the Fund</b><br/><b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the portfolio manager&#8217;s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates. <br /><br /><b><i>Affiliated Fund Risk.</i></b> Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.<br /><br /><b>Main Risks Associated with the Underlying Funds and Securities</b><br />The biggest risk is that the underlying funds&#8217; returns will vary, and you could lose money.<br /><br /><b><i>Fixed-Income Securities Risk.</i></b> Approximately 60% of the Fund&#8217;s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund&#8217;s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.<br /><br /><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br /><br /><b><i>Market Risk.</i></b> Approximately 40% of the Fund&#8217;s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager&#8217;s belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br /><br /><b><i>Foreign Exposure Risk.</i></b> Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund&#8217;s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund&#8217;s performance than it would in a more geographically diversified portfolio. An underlying fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br /><br /><b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of an underlying fund&#8217;s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.<br /><br /><b><i>Sovereign Debt Risk.</i></b> An underlying fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. <br /><br /><b><i>Exchange-Traded Funds Risk.</i></b> Certain underlying funds may purchase shares of exchange-traded funds (&#8220;ETFs&#8221;) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br /><br /><b><i>Exchange-Traded Notes Risk.</i></b> Certain underlying funds may invest in exchange-traded notes (&#8220;ETNs&#8221;), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer&#8217;s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund&#8217;s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund&#8217;s decision to sell its ETN holdings may be limited by the availability of a secondary market.<br /><br /><b><i>Derivatives Risk.</i></b> Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. <br /><br /><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Class&nbsp;A Class&nbsp;C Class S Class I Class T <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br /><br />The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower. <br /><br /><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Annual Total Returns for Class D Shares</b> (calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>10.64%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2008<b>&nbsp;&nbsp;&#8722;6.58% </b></div> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.32%. <b>Average Annual Total Returns </b>(periods ended 12/31/11) 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 The Conservative Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Barclays U.S. Aggregate Bond Index (60%), the Dow Jones Wilshire 5000 Index (28%), and the Morgan Stanley Capital International Europe, Australasia, Far East Index (&#8220;MSCI EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup>&#8221;) Index (12%).<br/><br/>After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; and for the Fund&#8217;s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 2005-12-30 2005-12-30 2005-12-30 2005-12-30 <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> 0.0005 0.0005 0.0005 0.0005 0.0005 0.0025 0.01 0.0025 0 0 <b>Best Quarter:</b> <b>Worst Quarter:</b> 0.1427 0.0022 0.0033 0.0036 2009-06-30 0.002 0.0037 -0.1162 2008-12-31 0.1034 2012-09-30 0.0076 0.0076 0.0076 0.0076 0.0076 0.0128 0.0214 0.0142 0.0101 0.0118 Class A Class C Class S Class I Class T Class C Class A Class S Class I Class T 0.1 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusModerateAllocationFund column period compact * ~</div> Class A Shares Class C Shares Class S Shares Class I Shares Class T Shares The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. Class&nbsp;A Class&nbsp;C Class S Class I Class T The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-800-525-3713</i> <i>janus.com/allfunds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusModerateAllocationFund column period compact * ~</div> 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 Class C Shares Class A Shares Class S Shares Class I Shares Class T Shares <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusModerateAllocationFund column period compact * ~</div> Class A Shares Class C Shares Class S Shares Class I Shares Class T Shares 2012-09-30 0.0932 <b>Best Quarter:</b> 2009-06-30 0.1064 Class A Shares Class C Shares Class S Shares Class I Shares Class T Shares <b>Worst Quarter:</b> 2008-09-30 -0.0658 698 317 145 103 120 958 670 449 322 375 1237 1149 776 558 649 2031 2472 1702 1236 1432 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusModerateAllocationFundBarChart column period compact * ~</div> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index Conservative Allocation Index <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusModerateAllocationFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusModerateAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusModerateAllocationFundClassDShares column period compact * ~</div> 698 217 145 103 120 958 670 449 322 375 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusModerateAllocationFundClassDSharesBarChart column period compact * ~</div> 1237 1149 776 558 649 2031 2472 1702 1236 1432 <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusModerateAllocationFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusConservativeAllocationFundClassDShares column period compact * ~</div> 0.1851 0.1573 -0.3491 0.3579 0.134 -0.0649 <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusConservativeAllocationFundClassDShares column period compact * ~</div> -0.0649 -0.0691 -0.0407 -0.1193 -0.0817 0.0211 -0.0207 -0.0679 -0.0638 0.0164 0.0127 0.008 -0.0025 0.0075 0.0164 0.0101 0.0113 0.003 0.0427 0.0366 0.0342 0.031 0.0335 0.0226 0.0331 0.0388 0.0427 Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes Class D Class D Shares <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> <b>Class D Shares</b> <b>Class D Shares</b> <b>Class D Shares</b> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index Moderate Allocation Index <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Moderate Allocation Fund</font></b> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusConservativeAllocationFundClassDSharesBarChart column period compact * ~</div> <b>Class A Shares</b> <b>Class C Shares</b> <b>Class S Shares</b> <b>Class I Shares</b> <b>Class T Shares</b> <b>Class T Shares</b> <b>Class T Shares</b> If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 <b>Class T Shares</b> <b>Class T Shares</b> <b>Class T Shares</b> <b>Class A Shares</b> <b>Class C Shares</b> <b>Class S Shares</b> <b>Class I Shares</b> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund&nbsp;Shares S&#38;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index Growth Allocation Index Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusGrowthAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusGrowthAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusGrowthAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusGrowthAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusGrowthAllocationFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusGrowthAllocationFund column period compact * ~</div> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Janus Moderate Allocation Fund</b> seeks total return through growth of capital and income. This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusConservativeAllocationFund column period compact * ~</div> <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusConservativeAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusConservativeAllocationFund column period compact * ~</div> <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusConservativeAllocationFundBarChart column period compact * ~</div> <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusConservativeAllocationFund column period compact * ~</div> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 18% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (&#8220;underlying funds&#8221;) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund&#8217;s investments that normally provides exposure of approximately 60% to stocks and 40% to bonds and money market securities. The target allocation and the allocation of the Fund&#8217;s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a &#8220;fund of funds.&#8221; <br/><br/>The Fund&#8217;s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds&#8217; weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund&#8217;s investments in the underlying funds. The portfolio manager may change the Fund&#8217;s asset class allocations, the underlying funds, an underlying fund&#8217;s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.<br/><br/>The Fund will normally allocate approximately 60% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 40% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds. <br/><br/>When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.<br/><br/><b>Main Risks Associated with the Fund</b><br/><b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the portfolio manager&#8217;s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.<br/><br/><b><i>Affiliated Fund Risk.</i></b> Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.<br/><br/><b>Main Risks Associated with the Underlying Funds and Securities</b><br/>The biggest risk is that the underlying funds&#8217; returns will vary, and you could lose money.<br/><br/><b><i>Market Risk.</i></b> Approximately 60% of the Fund&#8217;s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager&#8217;s belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> Approximately 40% of the Fund&#8217;s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund&#8217;s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.<br/><br/><b><i>Foreign Exposure Risk.</i></b> Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund&#8217;s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund&#8217;s performance than it would in a more geographically diversified portfolio. An underlying fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of an underlying fund&#8217;s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.<br/><br/><b><i>Sovereign Debt Risk.</i></b> An underlying fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. <br/><br/> <b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/> <b><i>Exchange-Traded Funds Risk.</i></b> Certain underlying funds may purchase shares of exchange-traded funds (&#8220;ETFs&#8221;) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br/><br/> <b><i>Exchange-Traded Notes Risk.</i></b> Certain underlying funds may invest in exchange-traded notes (&#8220;ETNs&#8221;), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer&#8217;s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund&#8217;s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund&#8217;s decision to sell its ETN holdings may be limited by the availability of a secondary market.<br/><br/><b><i>Derivatives Risk.</i></b> Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. <br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Growth Allocation Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Janus Growth Allocation Fund</b> seeks total return through a primary emphasis on growth of capital with a secondary emphasis on income. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 18% of the average value of its portfolio. <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (&#8220;underlying funds&#8221;) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund&#8217;s investments that normally provides exposure of approximately 80% to stocks and 20% to bonds and money market securities. The target allocation and the allocation of the Fund&#8217;s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a &#8220;fund of funds.&#8221; <br/><br/>The Fund&#8217;s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds&#8217; weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund&#8217;s investments in the underlying funds. The portfolio manager may change the Fund&#8217;s asset class allocations, the underlying funds, an underlying fund&#8217;s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.<br/><br/>The Fund will normally allocate approximately 80% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 20% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.<br/><br/>When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.<br/><br/><b>Main Risks Associated with the Fund</b><br/><b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the portfolio manager&#8217;s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates. <br/><br/><b><i>Affiliated Fund Risk.</i></b> Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds. <br/><br/><b>Main Risks Associated with the Underlying Funds and Securities</b><br/>The biggest risk is that the underlying funds&#8217; returns will vary, and you could lose money.<br/><br/><b><i>Market Risk.</i></b> Approximately 80% of the Fund&#8217;s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager&#8217;s belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> Approximately 20% of the Fund&#8217;s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund&#8217;s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth. <br/><br/><b><i>Foreign Exposure Risk.</i></b> Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund&#8217;s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund&#8217;s performance than it would in a more geographically diversified portfolio. An underlying fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of an underlying fund&#8217;s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. <br/><br/><b><i>Sovereign Debt Risk.</i></b> An underlying fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/><b><i>Exchange-Traded Funds Risk.</i></b> Certain underlying funds may purchase shares of exchange-traded funds (&#8220;ETFs&#8221;) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br/><br/><b><i>Exchange-Traded Notes Risk.</i></b> Certain underlying funds may invest in exchange-traded notes (&#8220;ETNs&#8221;), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer&#8217;s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund&#8217;s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund&#8217;s decision to sell its ETN holdings may be limited by the availability of a secondary market.<br/><br/><b><i>Derivatives Risk.</i></b> Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. <br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers. <br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/allfunds</font> or by calling <font style="WHITE-SPACE: nowrap">1-800-525-3713.</font></i> <b>Annual Total Returns for Class D Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Second Quarter 2009 &nbsp;<b>18.37%</b>&nbsp; &nbsp; &nbsp; &nbsp; <b>Worst Quarter: &nbsp;</b>Fourth Quarter 2008 &nbsp;<b>&#8722;18.05% </b></div> <b>Average Annual Total Returns</b> (periods ended 12/31/11) The Growth Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (50%), the MSCI EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index (25%), the Barclays U.S. Aggregate Bond Index (20%), and the Morgan Stanley Capital International Emerging Markets Free Index<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"><font style="FONT-VARIANT: small-caps">sm</font></sup><font style="FONT-VARIANT: small-caps"> (5%). </font><br/><br/>After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; and for the Fund&#8217;s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 0.18 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.<i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-800-525-3713</i> <i>janus.com/allfunds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 11.53%. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 2012-09-30 0.1153 <b>Best Quarter:</b> 2009-06-30 0.1837 <b>Worst Quarter: </b> 2008-12-31 -0.1805 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.<ul type="square"><li style="margin-left:-20px"> The performance shown for Class&nbsp;T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. </li><li style="margin-left:-20px">The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class&nbsp;J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. </li><li style="margin-left:-20px"> The performance shown for Class&nbsp;I Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class&nbsp;J Shares, calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers.</li></ul>If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 0.0005 0.0026 0.0076 109 340 590 1306 0.1851 0.1573 -0.3491 0.3579 0.1353 -0.0644 -0.0644 -0.0687 -0.0403 0.0211 -0.0207 0.0167 0.0103 0.0116 -0.0025 0.008 <b>Average Annual Total Returns </b>(periods ended 12/31/11) 0.043 0.0368 0.0344 0.0226 0.0331 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 The Moderate Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (40%), the Barclays U.S. Aggregate Bond Index (40%), the MSCI EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index (18%), and the Morgan Stanley Capital International Emerging Markets Free Index<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"><font style="FONT-VARIANT: small-caps">sm</font></sup> (2%).<br/><br/>After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Second Quarter 2009 &nbsp;<b>14.27%&nbsp; &nbsp; &nbsp; &nbsp; Worst Quarter: &nbsp;</b>Fourth Quarter 2008<b> &nbsp;&#8722;11.62%</b> </div> 0.0111 0.0189 0.0127 0.0087 0.0102 50000 0.18 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.26%. 2012-09-30 0.1026 <b>Best Quarter:</b> 2009-06-30 0.1427 <b>Worst Quarter:</b> 2008-12-31 -0.1162 After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. Class D Class D Shares If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt"><b>Fund summary</b></font><br/><br/><font style="FONT-SIZE: 16pt"><b>Janus World Allocation Fund</b></font> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index Growth Allocation Index <b><font style="FONT-FAMILY: 'Times New Roman', Times">INVESTMENT OBJECTIVE</font></b> <b>Janus World Allocation Fund </b>seeks long-term growth of capital with a secondary emphasis on income. <b><font style="FONT-FAMILY: 'Times New Roman', Times">FEES AND EXPENSES OF THE FUND</font></b> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. 50000 <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) November&nbsp;1, 2013 <b>EXAMPLE:</b> <b>The following Example is based on expenses without waivers. </b>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses (including the operating expenses of the underlying funds) without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 36% of the average value of its portfolio. 0.36 <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT STRATEGIES</font></b> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusGrowthAllocationFundClassDShares column period compact * ~</div> If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusGrowthAllocationFundClassDSharesBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusGrowthAllocationFundClassDShares column period compact * ~</div> 0.0475 0 0 0 0 0 0 0.01 0 0 0 0 The Fund pursues its investment objective by investing in a diversified portfolio of other Janus mutual funds (&#8220;underlying funds&#8221;) and securities that provide exposure to issuers located throughout the world. Through its investment in the underlying funds, the Fund invests in issuers from several different countries, including the United States, and may, under unusual circumstances, be invested in a single country. The Fund may also have significant exposure to emerging markets. Because it invests in other funds, the Fund is considered a &#8220;fund of funds.&#8221; The Fund utilizes Janus Capital&#8217;s proprietary process to allocate assets across the following three asset categories (as defined by Janus Capital): <ul type="square"><li style="margin-left:-20px">&nbsp; <i>Core</i>&nbsp;&#8211; The Core category seeks to provide market-like exposure by investing in funds that in turn primarily invest in a broad range of traditional asset classes such as large-, mid-, and small-cap stocks, U.S. and non-U.S. stocks, growth and value stocks, and investment-grade bonds. While not a primary strategy, the underlying funds may also invest in emerging market stocks and high-yield bonds. A primary goal of the underlying funds in the Core category is to provide shareholders with access to a broad range of investable assets in proportion to each asset class&#8217; representation in today&#8217;s global, integrated market as determined by Janus Capital. </li></ul> <ul type="square"><li style="margin-left:-20px">&nbsp; <i>Alpha</i>&nbsp;&#8211; The Alpha category seeks to generate higher-than-market returns on a risk-adjusted basis by investing in funds that in turn invest in a broad range of traditional asset classes such as large-, mid-, and small-cap stocks, U.S. and non-U.S. stocks, growth and value stocks, emerging market stocks, investment-grade bonds, and high-yield bonds. Unlike funds in the Core category, the Alpha category is less focused on the asset class composition of the global market. Instead, the Alpha category is comprised of funds, unconstrained by asset class or investment style, that Janus Capital believes may generate higher-than-market returns over a market cycle. </li></ul> <ul type="square"><li style="margin-left:-20px">&nbsp; <i>Alternative</i>&nbsp;&#8211; The Alternative category is comprised of non-traditional investments with historically low correlation to the assets in the <i>Core</i> and <i>Alpha</i> categories, such as certain exchange-traded funds (&#8220;ETFs&#8221;), exchange-traded notes (&#8220;ETNs&#8221;), investments with hedge fund strategy exposure, commodities-related securities, real estate-related securities, and structured products. </li></ul> The Fund attempts to maximize returns by investing the Fund&#8217;s assets in underlying funds investing in stocks (U.S. and non-U.S.), bonds, cash equivalents, alternative asset classes (such as real estate-related securities and commodity-related securities), and alternative investment strategies (such as leveraged and sector-based strategies). The target allocation of the Fund&#8217;s assets among underlying funds is based on an optimization process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds, as well as the portfolio manager&#8217;s judgment. Janus Capital analyzes Fund allocations on a regular basis in order to integrate current market data and reallocates on a quarterly basis. <br/><br/> The Fund&#8217;s portfolio manager determines the overall composition of the Fund, oversees the investment process, and is responsible for the day-to-day management of the Fund. The portfolio manager consults with a committee comprised of Janus Capital investment professionals (&#8220;Asset Allocation Committee&#8221;) to regularly review the process and the allocation of the Fund&#8217;s assets among the underlying funds to determine modifications to the underlying funds&#8217; asset categories and/or weightings, or to substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. The portfolio manager and Asset Allocation Committee normally review asset allocations on a quarterly basis. The portfolio manager oversees the implementation of trades on behalf of the Fund. <br/><br/> The Fund&#8217;s investments will be rebalanced to the identified optimal weightings on a quarterly basis, although more frequent changes can occur. The Fund&#8217;s asset class or category, category allocations, underlying funds, or underlying fund weightings may change without prior shareholder notice. <br/><br/> The Fund will normally allocate approximately 90% of its assets to Janus-managed mutual funds and approximately 10% to unaffiliated pooled investment vehicles (e.g., ETFs) and derivatives. For information on the potential underlying Janus funds currently available for investment by the Fund, including investment objectives and strategies, see &#8220;Investment Objectives and Strategies of the Underlying Funds&#8221; in Appendix A. <br/><br/> The Fund may invest in ETFs and ETNs to complement its investment in the underlying funds if there are asset classes not covered by the underlying funds or to better manage cash positions. <br/><br/> The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) including, but not limited to, swap agreements to earn income and enhance uncorrelated returns, to increase or decrease exposure to a particular market, to manage or adjust the risk profile of the Fund, or as alternatives to direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission. <br/><br/> When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective. <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT RISKS</font></b> Class T Class N Class I Class S Class A Class C 0.006 0.006 0.006 0.006 0.006 0.006 0.0025 0.01 0.0025 0 0 0 0.006 0.0061 0.0077 0.0053 0.0053 0.0078 0.0145 0.0221 0.0162 0.0113 0.0113 0.0138 0.0101 0.0176 0.0126 0.0076 0.0076 0.0101 0.0475 0 0 0 0 0 0 0 0.01 0 0 0 0 0 <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Class A Class C Class S Class I Class N Class T 0.0041 0.0041 0.0041 0.0041 0.0041 0.0041 0.0041 0.0025 0.01 0.0025 0 0 0.005 0 0.0011 0.0014 0.0029 0.0014 0.0005 0.0029 0.0029 0.0077 0.0155 0.0095 0.0055 0.0046 0.012 0.007 550 258 97 56 47 122 72 709 490 303 176 148 381 224 883 845 525 307 258 660 390 1384 1845 1166 689 579 1455 871 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock and alternative investment exposure tend to be more volatile than many other investment choices.<br/><br/> <b>Main Risks Associated with the Fund</b><br/><b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the portfolio manager&#8217;s allocation of assets among the underlying funds and other securities, using the optimization process and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.<br/><br/> <b><i>Derivatives Risk.</i></b> The Fund and certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/> <b><i>Commodity-Linked Derivative Investment Risk.</i></b> The Fund may invest in derivatives that have exposure to the commodities markets. This exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.<br/><br/> <b><i>Exchange-Traded Funds Risk.</i></b> The Fund may purchase shares of ETFs to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br/><br/> <b><i>Affiliated Fund Risk.</i></b> Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.<br/><br/> <b>Main Risks Associated with the Underlying Funds and Securities</b><br/> The biggest risk is that the underlying funds&#8217; returns will vary, and you could lose money.<br/><br/> <b><i>Market Risk.</i></b> Underlying funds investing in equity securities are subject to the risks associated with investments in common stocks, which tend to be more volatile than many other investment choices. The value of an underlying fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager&#8217;s belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/> <b><i>Fixed-Income Securities Risk.</i></b> Through the Fund&#8217;s investments in underlying funds holding fixed-income securities, the Fund is subject to the risks associated with investments in a variety of fixed-income securities, which may be less volatile than underlying funds that invest most of their assets in common stocks; returns and yields will vary, and you could lose money. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund&#8217;s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.<br/><br/> <b><i>Foreign Exposure Risk.</i></b> The Fund and certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, the Fund&#8217;s and an underlying fund&#8217;s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where the Fund or an underlying fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s or an underlying Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s or an underlying fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/> <b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, the Fund&#8217;s or an underlying fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of the Fund&#8217;s or an underlying fund&#8217;s investments. To the extent that the Fund or an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund or an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.<br/><br/> <b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/> <b><i>Sovereign Debt Risk.</i></b> An underlying fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.<br/><br/> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PERFORMANCE INFORMATION</font></b> 550 158 97 56 47 122 72 709 490 303 176 148 381 224 883 845 525 307 258 660 390 1384 1845 1166 689 579 1455 871 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser Modular Portfolio Construction<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Fund (&#8220;JAD predecessor fund&#8221;) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009. <ul type="square"><li style="margin-left:-20px"> The performance shown for Class&nbsp;I Shares, Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class&nbsp;I Shares, Class&nbsp;A Shares, Class&nbsp;C Shares and Class&nbsp;S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px"> The performance shown for Class&nbsp;T Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class&nbsp;I Shares prior to the reorganization, calculated using the fees and expenses of Class&nbsp;T Shares, without the effect of any fee and expense limitations or waivers.</li></ul> If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/> The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/advisor/mutual-funds</font> or by calling <font style="WHITE-SPACE: nowrap">1-877-335-2687.</font></i> 0.0993 0.0637 0.0382 0.0179 0.0412 0.0687 0.0564 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. 0.1254 0.0745 0.065 The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> 0.065 0.0488 0.0444 0.0784 0.0138 0.0463 0.0624 0.0666 0.065 0.0598 0.0777 0.0592 0.0561 0.065 0.0668 0.0698 0.0754 0.0777 0.0777 0.0727 <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 0.0646 0.0467 0.045 0.0578 0.0592 0.0573 0.0624 0.0646 0.0646 0.0599 0.0754 0.0492 0.0487 0.0734 0.0731 0.0685 0.0738 0.0754 0.0754 0.0712 <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> <b>Annual Total Returns for Class I Shares </b>(calendar year-end) 1987-07-07 1987-07-07 1987-07-07 1987-07-07 1987-07-07 1987-07-07 1987-07-07 1987-07-07 1987-07-07 <b>Class D Shares</b> <b>Class D Shares</b> <b>Class D Shares</b> <font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt"><b>Fund summary</b></font><br/><br/><font style="FONT-SIZE: 16pt"><b>Janus High-Yield Fund</b></font> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVES</b></font> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>14.90%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2011<b>&nbsp;&nbsp;&#8722;13.38%</b></div> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 8.19%. <b>Average Annual Total Returns </b>(periods ended 12/31/11) <b>Janus High-Yield Fund</b> seeks to obtain high current income. The World Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the MSCI All Country World Index<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"><font style="FONT-VARIANT: small-caps">sm</font></sup> (65%) and the Barclays Global Aggregate Bond Index (35%).<br/><br/>After-tax returns are calculated using distributions for the Fund&#8217;s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund&#8217;s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> 616 324 165 115 115 140 912 691 511 359 359 437 1230 1185 881 622 622 755 2128 2544 Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 1922 1375 1375 1657 After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. 2012-09-30 0.0819 <b>Best Quarter:</b> 2009-06-30 0.149 <b>Worst Quarter:</b> 2011-09-30 -0.1338 <b>SHAREHOLDER FEES<br></b>(fees paid directly from your investment) 0.0575 0 0 0 0 0 0.01 0 0 0 <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) Class T Shares Class N Shares Class I Shares Class S Shares Class C Shares <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <b>EXAMPLE:</b> Class A Shares 0.0007 0.0007 0.0007 0.0007 0.0007 0.0025 0.01 0.0025 0 0 0.0173 0.0184 0.0196 0.0176 0.0189 Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class T Shares 0.0074 0.0074 0.0074 0.0074 0.0074 0.0279 0.0302 0.0257 0.027 0.0365 0.0146 0.0221 0.0171 0.0121 0.0146 616 224 165 115 115 140 912 691 511 359 359 437 -0.0133 -0.0144 -0.0131 -0.0136 -0.0124 1230 1185 881 622 622 755 1657 1375 1375 1922 2544 2128 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class&nbsp;A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class&nbsp;C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class N</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class R</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class&nbsp;A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class&nbsp;C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class N</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class R</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.0667 0.2887 0.1154 -0.08 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class N Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class R Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <b>If Shares are redeemed:</b> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class N Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class R Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <b>If Shares are not redeemed:</b> 0.0667 0.0529 0.0434 0.0564 0.0432 0.0144 0.0478 0.0634 0.0627 0.0651 <b>Portfolio Turnover:</b> 0.0662 0.0524 0.0484 0.0716 0.0605 0.0142 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 61% of the average value of its portfolio. 0.0576 0.0629 0.0621 0.0645 841 467 305 260 273 1390 1117 933 799 838 1964 1888 1587 1365 1430 3514 3906 3337 2905 3032 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"> Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Barclays U.S. Aggregate Bond Index</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions and Sale of Fund&nbsp;Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> 841 367 305 260 273 1117 838 799 933 1390 1964 1888 1587 1365 1430 3514 3906 3337 3032 2905 <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Flexible Bond Fund</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> INVESTMENT OBJECTIVE</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> FEES AND EXPENSES OF THE FUND</font></b> <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <font style="FONT-FAMILY: Times New Roman "><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> <font style="FONT-FAMILY: Times New Roman "><b>PRINCIPAL INVESTMENT RISKS</b></font> <font style="FONT-FAMILY: Times New Roman "><b>PERFORMANCE INFORMATION</b></font> <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <b>Average Annual Total Returns </b>(periods ended 12/31/11) <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover:</b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets in high-yield/high-risk securities rated below investment grade. Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may at times invest all of its assets in such securities. The Fund may also invest in bank loans, money market instruments, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.<br/><br/>In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund&#8217;s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission.<br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income&#8210;producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. <b>Class I Shares </b> <b>Class I Shares </b> <b>Class I Shares </b> <b> Class A Shares</b> <b>Class C Shares </b> <b>Class S Shares</b> <b>Class N Shares</b> <b>Class T Shares</b> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Return Before Taxes Barclays Global Aggregate Bond Index Barclays Global Aggregate Corporate Bond Index Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes 2010-12-28 2010-12-28 2010-12-28 2010-12-28 2010-12-28 2010-12-28 2010-12-28 2010-12-28 2010-12-28 2010-12-28 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth. <br/><br/> <b><i>High-Yield/High-Risk Bond Risk.</i></b> The Fund may invest without limit in higher-yielding/higher-risk bonds, also known as &#8220;junk&#8221; bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value. <br/><br/><b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings. <br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries. <br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders. <br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. <br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusGlobalBondFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusGlobalBondFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusGlobalBondFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusGlobalBondFund column period compact * ~</div> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusGlobalBondFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusGlobalBondFund column period compact * ~</div> <b>Janus Flexible Bond Fund</b> seeks to obtain maximum total return, consistent with preservation of capital. This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Fund pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund will invest at least 65% of its assets in investment grade debt securities. As of June 30, 2012, the Fund&#8217;s weighted average maturity was 7.9 years. The Fund will limit its investment in high-yield/high-risk bonds, also known as &#8220;junk bonds,&#8221; to 35% or less of its net assets. The Fund generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund may also invest in asset-backed securities, money market instruments, bank loans, and foreign debt securities (which may include investments in emerging markets). Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other Funds.<br/><br/>In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund&#8217;s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission. <br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken <font style="WHITE-SPACE: nowrap">and/or</font> that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities. <br/><br/><b><i>Sovereign Debt Risk.</i></b> The Fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal <font style="WHITE-SPACE: nowrap">and/or</font> to pay the interest on its sovereign debt in a timely manner. <br/><br/><b><i>High-Yield/High-Risk Bond Risk. </i></b> High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/><b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. <br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Third Quarter 2009&nbsp;&nbsp;<b>5.58%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Second Quarter 2004<b>&nbsp;&nbsp;&#8722;2.99% </b> </div> After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012. <ul type="square"><li style="margin-left:-20px">The performance shown for Class&nbsp;T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, Class&nbsp;S Shares, and Class&nbsp;R Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class&nbsp;I Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class&nbsp;J Shares, calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class N Shares for periods prior to December&nbsp;31, 2011, reflects the performance of the Fund&#8217;s Class&nbsp;T Shares, calculated using the fees and expenses of Class&nbsp;T Shares, net of any applicable fee and expense limitations or waivers.</li></ul> If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers. <br/><br/> The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 126% of the average value of its portfolio. <b>Annual Total Returns for Class T Shares </b>(calendar year-end) 0.025 0 0 0 0 0 0 0.01 0 0 0 0 0.0055 0.0055 0.0055 0.0055 0.0055 0.0055 0.0025 0.01 0.0025 0 0 0 0.0014 0.0013 0.0029 0.0009 0.0005 0.0029 0.0094 0.0168 0.0109 0.0064 0.006 0.0084 -0.0004 -0.0014 -0.0013 -0.0009 -0.0005 -0.0004 0.008 0.0155 0.0105 0.0055 0.0055 0.008 0.0041 0.0018 0.0059 0.006 0.0071 0.0131 0.0091 60 189 329 738 133 415 718 1579 0.0993 0.0637 0.0382 0.0179 0.0412 0.0687 0.0564 0.1254 0.0753 0.0663 0.0665 0.0531 0.0433 0.0432 0.0564 0.0659 0.0485 0.0526 0.0716 0.0605 344 271 111 65 61 86 542 530 347 205 192 268 757 913 601 357 335 466 1376 1987 1329 798 750 1037 0.0663 0.0496 0.0452 0.0784 0.0782 0.0594 0.0563 0.065 0.0648 0.0469 0.0451 0.0578 0.0755 0.0493 0.0488 0.0734 344 171 111 65 86 61 542 530 347 205 192 268 757 913 601 357 335 466 1376 1987 1329 798 750 1037 1987-07-07 1987-07-07 1987-07-07 1987-07-07 0.0357 0.0391 0.0196 0.0152 0.0421 0.0521 0.0463 0.0856 0.0337 0.0137 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class D</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class D Shares</div> 0.0137 0.0058 0.0093 0.0159 -0.012 -0.0003 0.0113 0.0162 0.0137 0.046 0.034 0.0324 0.0399 0.0341 0.0384 0.0409 0.0459 0.046 0.0381 0.0262 0.0256 0.0363 0.0298 0.0287 0.0325 0.0369 0.0381 0.0464 0.0292 0.029 0.048 0.0398 0.0358 0.0405 0.0447 0.0464 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions and Sale of Fund Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Barclays U.S. Aggregate Bond Index</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> 0.0665 2010-12-28 2010-12-28 2010-12-28 2010-12-28 2010-12-28 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Barclays Global Aggregate Corporate Bond Index</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions and Sale of Fund Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Barclays Global Aggregate Bond Index</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusShort-TermBondFund column period compact * ~</div> <font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt"><b>Fund summary</b></font><br/><br/><font style="FONT-SIZE: 16pt"><b>Janus Global Bond Fund</b></font> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Janus Global Bond Fund </b>seeks total return, consistent with preservation of capital. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Class A Class C Class S Class I Class N <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) Class T <b>EXAMPLE:</b> <b>The following Example is based on expenses without waivers. </b>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 222% of the average value of its portfolio. Class A Class C Class S Class I <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> Class N Class T <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class T Shares The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. The bar chart depicts the Fund&#8217;s performance during the period indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Annual Total Returns for Class D Shares</b> (calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2011&nbsp;&nbsp;<b>2.84%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2011<b>&nbsp;&nbsp;0.60%</b></div> Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class T Shares <b>Average Annual Total Returns</b> (periods ended 12/31/11) After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> November 1, 2013 2.22 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. <br/><br/>The bar chart depicts the Fund&#8217;s performance during the period indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-800-525-3713</i> <i>janus.com/allfunds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 2012-09-30 0.0782 <b>Best Quarter:</b> 2011-06-30 0.0284 <b>Worst Quarter:</b> 2011-09-30 0.006 The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 7.82%. <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus High-Yield Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVES</b></font> <b>Janus High-Yield Fund</b> seeks to obtain high current income. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class D</div> Capital appreciation is a secondary investment objective when consistent with its primary investment objective. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class D Shares</div> <b>Class T Shares</b> <b>Class T Shares</b> <b>Class T Shares</b> <b>Class A Shares</b> <b>Class C Shares</b> <b>Class S Shares</b> <b>Class I Shares</b> <b>Class N Shares</b> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Barclays 1-3 Year U.S. Government/Credit Index Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes <b>Portfolio Turnover:</b> Return Before Taxes The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 61% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets in high-yield/high-risk securities rated below investment grade. Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may at times invest all of its assets in such securities. The Fund may also invest in bank loans, money market instruments, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.<br/><br/>In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund&#8217;s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission.<br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. 1992-09-01 1992-09-01 1992-09-01 1992-09-01 1992-09-01 1992-09-01 1992-09-01 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> 1992-09-01 1992-09-01 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken <font style="WHITE-SPACE: nowrap">and/or</font> that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/><b><i>High-Yield/High-Risk Bond Risk.</i></b> The Fund may invest without limit in higher-yielding/higher-risk bonds, also known as &#8220;junk&#8221; bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/><b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Annual Total Returns for Class D Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>14.93%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2008<b>&nbsp;&nbsp;&#8722;12.96%</b></div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; and for the Fund&#8217;s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 0.61 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-800-525-3713</i> <i>janus.com/allfunds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due.<br/><br/><b><i>Eurozone Exposure Risk.</i></b> The Fund&#8217;s investment may include certain securities that are denominated and traded in, or based on, the euro, the official currency of the Eurozone. European markets have recently experienced volatility and adverse trends due to concerns about economic downturns, rising government debt levels, and the possible default of government debt in several European countries, including Greece, Ireland, Italy, Portugal, and Spain. A default or debt restructuring by any European country would adversely impact holders of that country&#8217;s debt and worldwide sellers of credit default swaps linked to that country&#8217;s creditworthiness. These trends have adversely affected the value and exchange rate of the euro and may continue to significantly affect the economies of all European countries, which in turn may have a material adverse affect on a Fund&#8217;s investments in such countries, other countries that depend on European countries for significant amounts of trade or investment, or issuers with exposure to European debt.<br/><br/><b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. There is a risk in developing countries that a future economic or political crisis could lead to price controls, forced mergers of companies, expropriation or confiscatory taxation, seizure, nationalization, or creation of government monopolies, any of which may have a detrimental effect on the Fund&#8217;s investments. In addition, the Fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of the Fund&#8217;s investments. To the extent that the Fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. As of June 30, 2012, approximately 10.1% of the Fund&#8217;s investments were in emerging markets.<br/><br/><b><i>Sovereign Debt Risk.</i></b> The Fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. A sovereign debtor&#8217;s willingness or ability to satisfy its debt obligation may be affected by various factors including, but not limited to, its cash flow situation, the extent of its foreign currency reserves, the availability of foreign exchange when a payment is due, and the relative size of its debt position in relation to its economy as a whole. In the event of default, there may be limited or no legal remedies for collecting sovereign debt and there may be no bankruptcy proceedings through which the Fund may collect all or part of the sovereign debt that a governmental entity has not repaid.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/><b><i>High-Yield/High-Risk Bond Risk.</i></b> High-yield/high-risk bonds (also known as &#8220;junk bonds&#8221;) may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/><b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/><b><i>Exchange-Traded Funds Risk.</i></b> The Fund may purchase shares of exchange-traded funds (&#8220;ETFs&#8221;) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, corporate bonds, government notes and bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund invests in corporate debt securities of issuers in a number of different countries, which may include the United States. The Fund invests in securities of issuers located in developed and emerging market countries. The Fund may invest across all fixed-income sectors, including U.S. and non-U.S. government securities. The Fund&#8217;s investments may be denominated in local currency or U.S. dollar-denominated. The Fund may invest in debt securities with a range of maturities from short- to long-term. The Fund may invest up to 35% of its net assets in high-yield/high-risk debt securities. The Fund may also invest in preferred and common stock, money market instruments, municipal bonds, commercial and residential mortgage-backed securities, asset-backed securities, other securitized and structured debt products, private placements, and other investment companies, including exchange-traded funds (&#8220;ETFs&#8221;). The Fund may also invest in bank loans, euro-denominated obligations, buy backs or dollar rolls, when-issued securities, and reverse repurchase agreements. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.<br/><br/>In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund has invested in and is expected to continue to invest in collateralized forward foreign currency exchange contracts, futures, options, and swaps (including interest rate swaps, total return swaps, and credit default swaps) for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to increase or decrease the Fund&#8217;s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment or currency exposure, to adjust its currency exposure relative to its benchmark index, and to earn income and enhance returns. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.<br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. The Fund&#8217;s <font style="WHITE-SPACE: nowrap">year-to-date</font> return as of the calendar quarter ended September 30, 2012 was 10.80%. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. 0.0057 0.0019 0.0076 78 243 422 942 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusShort-TermBondFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusGlobalBondFundClassDShares column period compact * ~</div> 0.0256 0.1604 0.0942 0.0277 0.111 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusGlobalBondFundClassDSharesBarChart column period compact * ~</div> 0.0135 -0.1932 0.4086 0.158 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusShort-TermBondFund column period compact * ~</div> 0.0332 <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusGlobalBondFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusShort-TermBondFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusShort-TermBondFund column period compact * ~</div> 2012-09-30 0.108 <b>Best Quarter:</b> 2009-06-30 0.1493 <b>Worst Quarter:</b> 2008-12-31 -0.1296 -0.004 0.0332 0.0072 0.0215 0.0498 0.0662 0.034 0.0368 0.0754 <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Flexible Bond Fund</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times">INVESTMENT OBJECTIVE</font></b> <b>Janus Flexible Bond Fund</b> seeks to obtain maximum total return, consistent with preservation of capital. 0.0744 0.0449 <b><font style="FONT-FAMILY: 'Times New Roman', Times">FEES AND EXPENSES OF THE FUND</font></b> 0.0458 0.0885 0.0785 0.0455 0.0466 0.0718 This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 126% of the average value of its portfolio. <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT STRATEGIES</font></b> The Fund pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund will invest at least 65% of its assets in investment grade debt securities. As of June 30, 2012, the Fund&#8217;s weighted average maturity was 7.9 years. The Fund will limit its investment in high-yield/high-risk bonds, also known as &#8220;junk bonds,&#8221; to 35% or less of its net assets. The Fund generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund may also invest in asset-backed securities, money market instruments, bank loans, and foreign debt securities (which may include investments in emerging markets). Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other Funds.<br/><br/>In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund&#8217;s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.<br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT RISKS</font></b> Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/> <b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/> <b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities. <br/><br/> <b><i>Sovereign Debt Risk.</i></b> The Fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.<br/><br/> <b><i>High-Yield/High-Risk Bond Risk. </i></b> High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/> <b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/> <b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/> <b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/> <b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PERFORMANCE INFORMATION</font></b> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Annual Total Returns for Class D Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Third Quarter 2009&nbsp;&nbsp;<b>5.58%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Second Quarter 2004<b>&nbsp;&nbsp;&#8722;2.99%</b></div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; and for the Fund&#8217;s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 1.26 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-800-525-3713</i> <i>janus.com/allfunds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusGlobalBondFundClassDShares column period compact * ~</div> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 7.19%. 2012-09-30 0.0719 <b>Best Quarter:</b> 2009-09-30 0.0558 <b>Worst Quarter:</b> 2004-06-30 -0.0299 After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 1995-12-29 1995-12-29 1995-12-29 1995-12-29 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusFlexibleBondFundClassDShares column period compact * ~</div> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> The Fund invests, under normal circumstances, at least 80% of its net assets in short- and intermediate-term securities such as corporate bonds or notes or government securities, including agency securities. The Fund may invest up to 35% of its net assets in high-yield/high risk bonds, also known as &#8220;junk bonds.&#8221; The Fund expects to maintain an average-weighted effective maturity of three years or less under normal circumstances. As of June 30, 2012, the Fund&#8217;s weighted average maturity was 2.4 years. The Fund may also invest in bank loans, mortgage-backed securities, asset-backed securities, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds. <br/><br/>&#8220;Effective&#8221; maturity differs from actual maturity, which may be longer. In calculating the &#8220;effective&#8221; maturity the portfolio managers will estimate the effect of expected principal payments and call provisions on securities held in the portfolio. This gives the portfolio managers some additional flexibility in the securities they purchase, but all else being equal, could result in more volatility than if the Fund calculated an actual maturity target.<br/><br/>In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund&#8217;s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.<br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/><b><i>Sovereign Debt Risk.</i></b> The Fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/><b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>High-Yield/High-Risk Bond Risk. </i></b> High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012. <ul type="square"><li style="margin-left:-20px"> The performance shown for Class&nbsp;T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px"> The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, Class&nbsp;S Shares, and Class&nbsp;I Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.</li><li style="margin-left:-20px"> The performance shown for Class N Shares for periods prior to December&nbsp;31, 2011, reflects the performance of the Fund&#8217;s Class&nbsp;T Shares, calculated using the fees and expenses of Class&nbsp;T Shares, net of any applicable fee and expense limitations or waivers. </li></ul>If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class N Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers. <br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower. <br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Short-Term Bond Fund</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times">INVESTMENT OBJECTIVE</font></b> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusFlexibleBondFundClassDShares column period compact * ~</div> <b>Janus Short-Term Bond Fund</b> seeks as high a level of current income as is consistent with preservation of capital. <b><font style="FONT-FAMILY: 'Times New Roman', Times">FEES AND EXPENSES OF THE FUND</font></b> <b>SHAREHOLDER FEES<br></b>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusFlexibleBondFundClassDSharesBarChart column period compact * ~</div> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>The following Example is based on expenses without waivers. </b>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover:</b> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusFlexibleBondFundClassDShares column period compact * ~</div> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 93% of the average value of its portfolio. <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT STRATEGIES</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT RISKS</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PERFORMANCE INFORMATION</font></b> <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. 0.93 For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 51 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. 50000 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-877-335-2687</i> <i>janus.com/advisor/mutual-funds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>3.18%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Second Quarter 2008<b>&nbsp;&nbsp;&#8722;0.90%</b> </div> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 2.96%. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <b>Best Quarter:</b> 2009-06-30 0.0318 <b>Worst Quarter:</b> 2008-06-30 -0.009 2012-09-30 0.0296 Class D Class D Shares <b>Class D Shares</b> <b>Class D Shares</b> <b>Class D Shares</b> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 0.0055 0.0019 0.0074 0.0069 -0.0005 Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Barclays U.S. Corporate High-Yield Bond Index 76 237 411 918 0.0391 0.0196 0.0152 0.0421 0.0521 0.0463 0.0856 0.0348 0.015 0.015 0.0066 0.0101 0.0159 0.0465 0.0343 0.0327 0.0399 0.0383 0.0263 0.0258 0.0363 0.0465 0.0293 0.029 0.048 0.0475 0 0 0 0 0 0.01 0 0 0 Barclays 1-3 Year U.S. Government/Credit Index Return After Taxes on Distributions and Sale of Fund Shares Return After Taxes on Distributions Return Before Taxes <b>Class D Shares</b> <b>Class D Shares</b> <b>Class D Shares</b> 0.0055 0.0055 0.0055 0.0055 1992-09-01 0.0055 1992-09-01 1992-09-01 1992-09-01 0.0025 0.01 0.0025 0 0 0.007 0.0069 0.0094 0.0069 0.0094 0.015 0.0224 0.0174 0.0124 0.0149 0.0101 0.0176 0.0126 0.0076 0.0101 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusHigh-YieldFundClassDShares column period compact * ~</div> -0.0049 -0.0048 -0.0048 -0.0048 -0.0048 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusHigh-YieldFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusHigh-YieldFundClassDSharesBarChart column period compact * ~</div> Class D Class D Shares <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusShort-TermBondFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusShort-TermBondFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusShort-TermBondFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusHigh-YieldFundClassDShares column period compact * ~</div> 620 327 177 126 151 926 700 547 393 470 1253 1199 943 680 812 1498 1777 2049 2573 2177 177 227 620 126 151 926 700 547 393 470 1253 1199 943 680 812 2177 2573 2049 1498 1777 <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Short-Term Bond Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Janus Short-Term Bond Fund</b> seeks as high a level of current income as is consistent with preservation of capital. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>The following Example is based on expenses without waivers. </b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 93% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund invests, under normal circumstances, at least 80% of its net assets in short- and intermediate-term securities such as corporate bonds or notes or government securities, including agency securities. The Fund may invest up to 35% of its net assets in high-yield/high risk bonds, also known as &#8220;junk bonds.&#8221; The Fund expects to maintain an average-weighted effective maturity of three years or less under normal circumstances. As of June 30, 2012, the Fund&#8217;s weighted average maturity was 2.4 years. The Fund may also invest in bank loans, mortgage-backed securities, asset-backed securities, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.<br/><br/>&#8220;Effective&#8221; maturity differs from actual maturity, which may be longer. In calculating the &#8220;effective&#8221; maturity the portfolio managers will estimate the effect of expected principal payments and call provisions on securities held in the portfolio. This gives the portfolio managers some additional flexibility in the securities they purchase, but all else being equal, could result in more volatility than if the Fund calculated an actual maturity target.<br/><br/>In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund&#8217;s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.<br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/> <b><i>Sovereign Debt Risk.</i></b> The Fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/><b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>High-Yield/High-Risk Bond Risk. </i></b>High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Annual Total Returns for Class D Shares</b> (calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>3.18%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Second Quarter 2008<b>&nbsp;&nbsp;&#8722;0.90%</b></div> <b>Average Annual Total Returns</b> (periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; and for the Fund&#8217;s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. November 1, 2013 0.93 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusRealReturnFund column period compact * ~</div> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-800-525-3713</i> <i>janus.com/allfunds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> 0.0055 0.0097 After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusRealReturnFund column period compact * ~</div> 0.0152 If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. 0.0088 <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 3.05%. 2012-09-30 0.0305 -0.0064 <b>Best Quarter:</b> 2009-06-30 0.0318 <b>Worst Quarter:</b> 2008-06-30 -0.009 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusRealReturnFund column period compact * ~</div> 154 479 827 1808 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusRealReturnFund column period compact * ~</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Real Return Fund</font></b><br />(formerly named Janus Real Return Allocation Fund) <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusRealReturnFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusRealReturnFundClassDShares column period compact * ~</div> 0.0357 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusShort-TermBondFundClassDSharesBarChart column period compact * ~</div> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>The following Example is based on expenses without waivers. </b>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 45% of the average value of its portfolio. <b>Portfolio Turnover:</b> The Fund pursues its investment objective by primarily investing in U.S. Treasury securities, short-duration high-yield/high-risk debt, commodity-linked investments, and equity securities. The Fund&#8217;s investments in U.S. Treasury securities may also include Treasury Inflation Protected Securities, also known as TIPS. As utilized by the Fund, each of these types of investments may be considered an &#8220;inflation-related investment,&#8221; which are those that may provide what is known as &#8220;real return,&#8221; or a rate of return above the rate of inflation over a full market cycle. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.<br/><br/>The Fund may invest up to 90% of its net assets in short-duration high-yield/high-risk debt securities. The Fund&#8217;s investments in short-duration high-yield/high-risk securities include debt rated below investment grade, also known as &#8220;junk bonds.&#8221; Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may also invest in certain investment grade debt instruments, including corporate bonds, government bonds, municipal bonds, mortgage-backed securities, zero-coupon bonds, and agency securities. The Fund may invest in foreign debt securities.<br/><br/>To seek exposure to the commodities markets, the Fund may invest in commodity-linked investments such as commodity-related exchange-traded funds (&#8220;ETFs&#8221;), commodity index-linked swap agreements, commodity options and futures, and options on futures that provide exposure to the investment returns of the commodities markets. The Fund may also invest in other commodity-linked derivative instruments, such as commodity-linked notes (&#8220;structured notes&#8221;).<br/><br/>The Fund&#8217;s investments in equity securities may include common stock, preferred stock, and convertible securities, all of which may include exposure to foreign markets. The Fund may invest in companies of any market capitalization. The Fund&#8217;s equity investments may also include securities of real estate-related companies, including, but not limited to, real estate investment trusts (&#8220;REITs&#8221;) and similar REIT-like entities, such as foreign entities that have REIT characteristics. <br/><br/>The Fund may also invest in derivative instruments (by taking long and/or short positions) for various purposes, including hedging by shorting interest rate futures against long positions in TIPS, using inflation index swaps to hedge against unexpected changes in the rate of inflation, using interest rate swaps to hedge against changes in interest rates, to increase or decrease the Fund&#8217;s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment, and to earn income and enhance returns. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission. <br/><br/>The Fund may also use reverse repurchase agreements to generate income as part of its inflation-related strategies. Proceeds from reverse repurchase agreement transactions may be invested in other securities or instruments to attempt to increase the Fund&#8217;s investment return. The Fund may also invest in money market instruments, buy backs or dollar rolls, other securitized debt products, bank loans, various when-issued securities, exchange-traded notes, and other investment companies. <br/><br/>In addition to considering economic factors such as the rate of inflation and the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/><b><i>Inflation-Related Investment Risk.</i></b> Inflation index swaps and other inflation-linked securities are subject to inflation risk. A swap held long by the Fund can potentially lose value if the rate of inflation over the life of the swap is less than the fixed rate that the Fund agrees to pay at the initiation of the swap. Except for the Fund&#8217;s investments in U.S. Treasury securities, which are guaranteed as to principal by the U.S. Treasury, the inflation-adjusted principal value of inflation-linked securities repaid at maturity may be less than the original principal. Because of the inflation-linked adjustment feature, inflation-linked securities typically have lower yields than conventional fixed-rate securities. In the event of deflation, where prices decline over time, the principal and income of inflation-linked securities will likely decline, resulting in losses to the Fund.<br/><br/><b><i>High-Yield/High-Risk Bond Risk.</i></b> The Fund may invest up to 90% of its net assets in higher-yielding/higher-risk bonds, also known as &#8220;junk&#8221; bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/><b><i>Commodity-Linked Investments Risk. </i></b> The Fund may invest in various commodity-linked investments that provide exposure to the commodities markets. Such exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a given commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.<br/><br/><b><i>Exchange-Traded Funds Risk.</i></b> The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund&#8217;s performance.<br/><br/> The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities. <br/><br/><b><i>Sovereign Debt Risk.</i></b> The Fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited.<br/><br/><b><i>Counterparty Risk.</i></b> Certain derivative and &#8220;over-the-counter&#8221; instruments, such as swaps and forwards, are subject to the risk that the other party to a contract will not fulfill its contractual obligations.<br/><br/><b><i>Leverage Risk.</i></b> Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. In particular, certain commodity-linked investments may subject the Fund to leveraged market exposure to commodities. Leverage also occurs when the Fund increases its assets available for investment through borrowings, reverse repurchase agreements, or similar transactions. The Fund&#8217;s use of leverage can magnify the effect of any gains or losses, causing the Fund to be more volatile than if it had not been leveraged. There is no assurance that any leveraging strategy will be successful.<br/><br/><b><i>Reverse Repurchase Agreement Risk.</i></b> Reverse repurchase agreements involve leverage risk, counterparty risk, and the risk that the value of securities that the Fund is obligated to repurchase under the agreement may decline below the repurchase price. When the Fund invests reverse repurchase transaction proceeds, the Fund is at risk for any fluctuations in the value of securities in which the proceeds are invested. To the extent the Fund uses reverse repurchase agreements, the value of an investment in the Fund may be more volatile, and such transactions may increase the Fund&#8217;s overall investment exposure. Additionally, interest expenses related to reverse repurchase transactions could exceed the rate of return on debt obligations and other investments held by the Fund, thereby reducing returns to shareholders.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Growth Securities Risk.</i></b> The Fund invests in companies after assessing their growth potential. Securities of companies perceived to be &#8220;growth&#8221; companies may be more volatile than other stocks and may involve special risks. If the portfolio managers&#8217; perception of a company&#8217;s growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund&#8217;s returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;growth&#8221; stocks may perform differently from the market as a whole and other types of securities.<br/><br/><b><i>Real Estate Risk.</i></b> An investment in the Fund may be subject to many of the same risks as a direct investment in real estate. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><b><i>Nondiversification Risk. </i></b> The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund&#8217;s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund&#8217;s net asset value and total return.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders. <br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Real Return Fund</font></b><br/>(formerly named Janus Real Return Allocation Fund) <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Janus Real Return Fund</b> seeks real return consistent with preservation of capital. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover: </b> The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund&#8217;s first annual and/or semiannual report. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 45% of the average value of its portfolio. <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objective by primarily investing in U.S. Treasury securities, short-duration high-yield/high-risk debt, commodity-linked investments, and equity securities. The Fund&#8217;s investments in U.S. Treasury securities may also include Treasury Inflation Protected Securities, also known as TIPS. As utilized by the Fund, each of these types of investments may be considered an &#8220;inflation-related investment,&#8221; which are those that may provide what is known as &#8220;real return,&#8221; or a rate of return above the rate of inflation over a full market cycle. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.<br/><br/> The Fund may invest up to 90% of its net assets in short-duration high-yield/high-risk debt securities. The Fund&#8217;s investments in short-duration high-yield/high-risk securities include debt rated below investment grade, also known as &#8220;junk bonds.&#8221; Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may also invest in certain investment grade debt instruments, including corporate bonds, government bonds, municipal bonds, mortgage-backed securities, zero-coupon bonds, and agency securities. The Fund may invest in foreign debt securities.<br/><br/>To seek exposure to the commodities markets, the Fund may invest in commodity-linked investments such as commodity-related exchange-traded funds (&#8220;ETFs&#8221;), commodity index-linked swap agreements, commodity options and futures, and options on futures that provide exposure to the investment returns of the commodities markets. The Fund may also invest in other commodity-linked derivative instruments, such as commodity-linked notes (&#8220;structured notes&#8221;). <br/><br/> The Fund&#8217;s investments in equity securities may include common stock, preferred stock, and convertible securities, all of which may include exposure to foreign markets. The Fund may invest in companies of any market capitalization. The Fund&#8217;s equity investments may also include securities of real estate-related companies, including, but not limited to, real estate investment trusts (&#8220;REITs&#8221;) and similar REIT-like entities, such as foreign entities that have REIT characteristics. <br/><br/> The Fund may also invest in derivative instruments (by taking long and/or short positions) for various purposes, including hedging by shorting interest rate futures against long positions in TIPS, using inflation index swaps to hedge against unexpected changes in the rate of inflation, using interest rate swaps to hedge against changes in interest rates, to increase or decrease the Fund&#8217;s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment, and to earn income and enhance returns. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.<br/><br/> The Fund may also use reverse repurchase agreements to generate income as part of its inflation-related strategies. Proceeds from reverse repurchase agreement transactions may be invested in other securities or instruments to attempt to increase the Fund&#8217;s investment return. The Fund may also invest in money market instruments, buy backs or dollar rolls, other securitized debt products, bank loans, various when-issued securities, exchange-traded notes, and other investment companies.<br/><br/> In addition to considering economic factors such as the rate of inflation and the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> <b><i>Nondiversification Risk. </i></b> The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund&#8217;s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund&#8217;s net asset value and total return. Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/> <b><i>Inflation-Related Investment Risk.</i></b> Inflation index swaps and other inflation-linked securities are subject to inflation risk. A swap held long by the Fund can potentially lose value if the rate of inflation over the life of the swap is less than the fixed rate that the Fund agrees to pay at the initiation of the swap. Except for the Fund&#8217;s investments in U.S. Treasury securities, which are guaranteed as to principal by the U.S. Treasury, the inflation-adjusted principal value of inflation-linked securities repaid at maturity may be less than the original principal. Because of the inflation-linked adjustment feature, inflation-linked securities typically have lower yields than conventional fixed-rate securities. In the event of deflation, where prices decline over time, the principal and income of inflation-linked securities will likely decline, resulting in losses to the Fund.<br/><br/> <b><i>High-Yield/High-Risk Bond Risk.</i></b> The Fund may invest up to 90% of its net assets in higher-yielding/higher-risk bonds, also known as &#8220;junk&#8221; bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/> <b><i>Commodity-Linked Investments Risk. </i></b>The Fund may invest in various commodity-linked investments that provide exposure to the commodities markets. Such exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a given commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.<br/><br/> <b><i>Exchange-Traded Funds Risk.</i></b> The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund&#8217;s performance. <br/><br/>The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk. <br/><br/> <b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/> <b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/> <b><i>Sovereign Debt Risk.</i></b> The Fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited.<br/><br/> <b><i>Counterparty Risk.</i></b> Certain derivative and &#8220;over-the-counter&#8221; instruments, such as swaps and forwards, are subject to the risk that the other party to a contract will not fulfill its contractual obligations. <br/><br/><b><i>Leverage Risk.</i></b> Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. In particular, certain commodity-linked investments may subject the Fund to leveraged market exposure to commodities. Leverage also occurs when the Fund increases its assets available for investment through borrowings, reverse repurchase agreements, or similar transactions. The Fund&#8217;s use of leverage can magnify the effect of any gains or losses, causing the Fund to be more volatile than if it had not been leveraged. There is no assurance that any leveraging strategy will be successful. <br/><br/> <b><i>Reverse Repurchase Agreement Risk.</i></b> Reverse repurchase agreements involve leverage risk, counterparty risk, and the risk that the value of securities that the Fund is obligated to repurchase under the agreement may decline below the repurchase price. When the Fund invests reverse repurchase transaction proceeds, the Fund is at risk for any fluctuations in the value of securities in which the proceeds are invested. To the extent the Fund uses reverse repurchase agreements, the value of an investment in the Fund may be more volatile, and such transactions may increase the Fund&#8217;s overall investment exposure. Additionally, interest expenses related to reverse repurchase transactions could exceed the rate of return on debt obligations and other investments held by the Fund, thereby reducing returns to shareholders.<br/><br/> <b><i>Foreign Exposure Risk.</i></b> The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/> <b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/> <b><i>Growth Securities Risk.</i></b> The Fund invests in companies after assessing their growth potential. Securities of companies perceived to be &#8220;growth&#8221; companies may be more volatile than other stocks and may involve special risks. If the portfolio managers&#8217; perception of a company&#8217;s growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund&#8217;s returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;growth&#8221; stocks may perform differently from the market as a whole and other types of securities.<br/><br/> <b><i>Real Estate Risk.</i></b> An investment in the Fund may be subject to many of the same risks as a direct investment in real estate. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/> <b><i>Nondiversification Risk. </i></b> The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund&#8217;s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund&#8217;s net asset value and total return.<br/><br/> <b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The Fund does not have a full calendar year of operations. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund&#8217;s first annual and/or semiannual report. Class D Class D Shares 0.45 For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 31 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 56 of the Fund&#8217;s Statement of Additional Information. 50000 0.002 0.0047 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. 0.0067 0.45 <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The Fund does not have a full calendar year of operations. November 1, 2013 68 214 373 November 1, 2013 835 0.0138 0.0071 0.0093 0.0277 0.046 0.0486 0.0209 0.0007 0.0001 0.0001 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Government Money Market Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVES</b></font> <b>Janus Government Money Market Fund</b> seeks capital preservation and liquidity <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> with current income as a secondary objective. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objectives by investing exclusively in obligations issued and/or guaranteed as to principal and interest by the United States Government or by its agencies and instrumentalities, and repurchase agreements secured by such obligations. Although U.S. Government agencies and instrumentalities may be chartered or sponsored by Acts of Congress, their securities are not issued by, and may not be guaranteed by (i.e., backed by the full faith and credit of), the United States Treasury. Some government agency and instrumentality securities not backed by the full faith and credit of the United States are supported by the issuer&#8217;s ability to borrow from the U.S. Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way. For securities not backed by the full faith and credit of the U.S. Treasury, the Fund must look principally to the agency or instrumentality issuing or guaranteeing the securities for repayment and may not be able to assert a claim against the United States if the agency or instrumentality does not meet its commitment. The Fund&#8217;s investments in securities issued by U.S. Government agencies and instrumentalities may be significant.<br/><br/>The Fund will:<br/><ul type="square"><li style="margin-left:-20px"> invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital</li></ul><ul type="square"><li style="margin-left:-20px">invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397&nbsp;days or less (as calculated pursuant to Rule&nbsp;2a-7 under the Investment Company Act of 1940, as amended)</li></ul><ul type="square"><li style="margin-left:-20px"> maintain a dollar-weighted average portfolio maturity of 60&nbsp;days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120&nbsp;days or less</li></ul> 0.0001 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> 0.0139 0.0173 <b><i>Market Risk. </i></b>The Fund&#8217;s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund&#8217;s yield. Over time, the real value of the Fund&#8217;s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer&#8217;s actual or perceived creditworthiness, or an issuer&#8217;s ability to meet its obligations. The credit quality of the Fund&#8217;s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund&#8217;s share price or yield to fall.<br/><br/><b><i>Collateral Risk. </i></b>With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.<br/><br/><b><i>Money Market Risk. </i></b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. 0.0308 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund&#8217;s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Annual Total Returns for Class D Shares </b>(calendar year-end) November 1, 2013 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2006&nbsp;&nbsp;<b>1.21%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2011<b>&nbsp;&nbsp;0.00%</b></div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) 1995-02-14 Class D Class D Shares The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%. <b>Janus Real Return Fund</b> seeks real return consistent with preservation of capital. <b><i>Money Market Risk. </i></b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. <i>The Fund&#8217;s past performance does not necessarily indicate how it will perform in the future.</i> <i>janus.com/allfunds</i> <i>1-800-525-3713</i> The 7-day yield on December 31, 2011 was 0.00% for Janus Government Money Market Fund. 0 0.002 0.0049 70 221 384 859 0.0133 0.0065 0.0085 0.027 0.0452 0.0466 0.0183 0.0001 0.0002 0 0 0.0129 0.0164 0.0299 1995-02-14 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class D</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Money Market Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVES</b></font> <b>Janus Money Market Fund</b> seeks capital preservation and liquidity <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class D Shares</div> <b>ANNUAL FUND OPERATING EXPENSES </b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objectives by investing primarily in high quality debt obligations and obligations of financial institutions. Debt obligations may include commercial paper, notes and bonds, and variable amount master demand notes. Obligations of financial institutions include certificates of deposit and time deposits. The Fund also intends to invest in repurchase agreements including those secured by U.S. Government agencies. Some government agencies backed by the full faith and credit of the United States are supported by the issuer&#8217;s ability to borrow from the United States Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way.<br/><br/>The Fund will:<ul type="square"><li style="margin-left:-20px"> invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital</li></ul><ul type="square"><li style="margin-left:-20px">invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397&nbsp;days or less (as calculated pursuant to Rule&nbsp;2a-7 under the Investment Company Act of 1940, as amended)</li></ul><ul type="square"><li style="margin-left:-20px">maintain a dollar-weighted average portfolio maturity of 60&nbsp;days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120&nbsp;days or less </li></ul> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> 0.002 <b><i>Market Risk. </i></b>The Fund&#8217;s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund&#8217;s yield. Over time, the real value of the Fund&#8217;s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer&#8217;s actual or perceived creditworthiness, or an issuer&#8217;s ability to meet its obligations. The credit quality of the Fund&#8217;s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund&#8217;s share price or yield to fall.<br/><br/><b><i>Collateral Risk. </i></b>With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to financial services, mortgage markets, and government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.<br/><br/><b><i>Money Market Risk. </i></b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. 0.0051 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> 0.0071 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund&#8217;s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower. <br/><br/><i>The Fund&#8217;s past performance does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Annual Total Returns for Class D Shares</b> (calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2006&nbsp;&nbsp;<b>1.23%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2011<b>&nbsp;&nbsp;0.00%</b></div> <b>Average Annual Total Returns</b> (periods ended 12/31/11) 73 227 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. 395 <b><i>Money Market Risk. </i></b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. 883 <i>1-800-525-3713</i> <i>janus.com/allfunds</i> 0.0133 <i>The Fund&#8217;s past performance does not necessarily indicate how it will perform in the future.</i> 0.0065 0.0085 The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%. 0.027 2012-09-30 0.0452 0 0.0466 <b>Best Quarter:</b> 0.0183 2006-12-31 0.0001 0.0123 0.0002 <b>Worst Quarter:</b> 2011-09-30 0 The 7-day yield on December 31, 2011 was 0.01% for Janus Money Market Fund. 0.0001 0 0 0.0129 0.0164 0.0299 1995-02-14 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <b>Class D Shares</b> Return Before Taxes <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusMoneyMarketFundClassDShares column period compact * ~</div> 2012-09-30 0 <b>Best Quarter:</b> 2006-12-31 0.0121 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusMoneyMarketFundClassDShares column period compact * ~</div> <b>Worst Quarter:</b> 2011-09-30 0 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusMoneyMarketFundClassDSharesBarChart column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusMoneyMarketFundClassDShares column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusGovernmentMoneyMarketFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusGovernmentMoneyMarketFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusGovernmentMoneyMarketFundClassDSharesBarChart column period compact * ~</div> with current income as a secondary objective. <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusGovernmentMoneyMarketFundClassDShares column period compact * ~</div> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Janus Government Money Market Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVES</b></font> <b>Janus Government Money Market Fund</b> seeks capital preservation and liquidity with current income as a secondary objective. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objectives by investing exclusively in obligations issued and/or guaranteed as to principal and interest by the United States Government or by its agencies and instrumentalities, and repurchase agreements secured by such obligations. Although U.S. Government agencies and instrumentalities may be chartered or sponsored by Acts of Congress, their securities are not issued by, and may not be guaranteed by (i.e., backed by the full faith and credit of), the United States Treasury. Some government agency and instrumentality securities not backed by the full faith and credit of the United States are supported by the issuer&#8217;s ability to borrow from the U.S. Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way. For securities not backed by the full faith and credit of the U.S. Treasury, the Fund must look principally to the agency or instrumentality issuing or guaranteeing the securities for repayment and may not be able to assert a claim against the United States if the agency or instrumentality does not meet its commitment. The Fund&#8217;s investments in securities issued by U.S. Government agencies and instrumentalities may be significant.<br /><br />The Fund will:<ul type="square"><li style="margin-left: -20px">invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital</li></ul><ul type="square"><li style="margin-left: -20px">invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397&nbsp;days or less (as calculated pursuant to <font style="WHITE-SPACE: nowrap">Rule&nbsp;2a-7</font> under the Investment Company Act of 1940, as amended)</li></ul><ul type="square"><li style="margin-left: -20px">maintain a dollar-weighted average portfolio maturity of 60&nbsp;days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120&nbsp;days or less </li></ul> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> <b><i>Market Risk. </i></b> The Fund&#8217;s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund&#8217;s yield. Over time, the real value of the Fund&#8217;s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer&#8217;s actual or perceived creditworthiness, or an issuer&#8217;s ability to meet its obligations. The credit quality of the Fund&#8217;s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund&#8217;s share price or yield to fall.<br/><br/><b><i>Collateral Risk. </i></b> With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.<br/><br/><b><i>Money Market Risk. </i></b> An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund&#8217;s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2006&nbsp;&nbsp;<b>1.21%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2011<b>&nbsp;&nbsp;0.00%</b></div> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%. <b>Average Annual Total Returns </b>(periods ended 12/31/11) The 7-day yield on December 31, 2011 was 0.00% for Janus Government Money Market Fund. 0 2012-09-30 0 <b>Best Quarter:</b> 2006-12-31 0.0121 <b>Worst Quarter:</b> 2011-09-30 0 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. <i>The Fund&#8217;s past performance does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <b><i>Money Market Risk. </i></b> An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusGovernmentMoneyMarketFundClassTShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusGovernmentMoneyMarketFundClassTShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusGovernmentMoneyMarketFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusGovernmentMoneyMarketFundClassTShares column period compact * ~</div> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012. <ul type="square"><li style="margin-left:-20px"> The performance shown for Class&nbsp;T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, Class&nbsp;S Shares, and Class&nbsp;R Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.</li> <li style="margin-left:-20px">The performance shown for Class&nbsp;I Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class&nbsp;J Shares, calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers. </li> <li style="margin-left:-20px">The performance shown for Class N Shares for periods prior to December&nbsp;31, 2011, reflects the performance of the Fund&#8217;s Class&nbsp;T Shares, calculated using the fees and expenses of Class&nbsp;T Shares, net of any applicable fee and expense limitations or waivers.</li></ul>If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> -0.08 -0.0903 -0.0411 -0.1324 -0.0946 -0.0735 -0.0272 -0.0807 -0.0787 0.0006 -0.0071 -0.0015 -0.0179 -0.0062 -0.0071 0.0225 -0.0019 0.0003 2008-09-03 2008-09-03 2008-09-03 2008-09-03 2008-09-03 2008-09-03 2008-09-03 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. <b>Best Quarter: </b> 2009-09-30 0.0558 <b>Worst Quarter: </b> 2004-06-30 -0.0299 2012-09-30 0.0711 <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/advisor/mutual-funds</font> or by calling <font style="WHITE-SPACE: nowrap">1-877-335-2687.</font></i> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusFlexibleBondFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusFlexibleBondFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusFlexibleBondFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusFlexibleBondFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusFlexibleBondFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusFlexibleBondFund column period compact * ~</div> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 7.11%. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class S Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class C Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class A Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class I Shares</b></div> 1.26 50000 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. <b><i>Nondiversification Risk. </i></b>The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund&#8217;s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund&#8217;s net asset value and total return. <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class I Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class I Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions and Sale of Fund Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions</div> If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt"><b>Fund summary</b></font><br/><br/><font style="FONT-SIZE: 16pt"><b>Janus Global Bond Fund</b></font> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Janus Global Bond Fund </b>seeks total return, consistent with preservation of capital. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>EXAMPLE:</b> <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 222% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, corporate bonds, government notes and bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund invests in corporate debt securities of issuers in a number of different countries, which may include the United States. The Fund invests in securities of issuers located in developed and emerging market countries. The Fund may invest across all fixed-income sectors, including U.S. and non-U.S. government securities. The Fund&#8217;s investments may be denominated in local currency or U.S. dollar-denominated. The Fund may invest in debt securities with a range of maturities from short- to long-term. The Fund may invest up to 35% of its net assets in high-yield/high-risk debt securities. The Fund may also invest in preferred and common stock, money market instruments, municipal bonds, commercial and residential mortgage-backed securities, asset-backed securities, other securitized and structured debt products, private placements, and other investment companies, including exchange-traded funds (&#8220;ETFs&#8221;). The Fund may also invest in bank loans, euro-denominated obligations, buy backs or dollar rolls, when-issued securities, and reverse repurchase agreements. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.<br/><br/>In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund has invested in and is expected to continue to invest in collateralized forward foreign currency exchange contracts, futures, options, and swaps (including interest rate swaps, total return swaps, and credit default swaps) for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to increase or decrease the Fund&#8217;s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment or currency exposure, to adjust its currency exposure relative to its benchmark index, and to earn income and enhance returns. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.<br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s investments, the portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due.<br/><br/><b><i>Eurozone Exposure Risk.</i></b> The Fund&#8217;s investment may include certain securities that are denominated and traded in, or based on, the euro, the official currency of the Eurozone. European markets have recently experienced volatility and adverse trends due to concerns about economic downturns, rising government debt levels, and the possible default of government debt in several European countries, including Greece, Ireland, Italy, Portugal, and Spain. A default or debt restructuring by any European country would adversely impact holders of that country&#8217;s debt and worldwide sellers of credit default swaps linked to that country&#8217;s creditworthiness. These trends have adversely affected the value and exchange rate of the euro and may continue to significantly affect the economies of all European countries, which in turn may have a material adverse affect on a Fund&#8217;s investments in such countries, other countries that depend on European countries for significant amounts of trade or investment, or issuers with exposure to European debt.<br/><br/><b><i>Emerging Markets Risk.</i></b> The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. There is a risk in developing countries that a future economic or political crisis could lead to price controls, forced mergers of companies, expropriation or confiscatory taxation, seizure, nationalization, or creation of government monopolies, any of which may have a detrimental effect on the Fund&#8217;s investments. In addition, the Fund&#8217;s investments may be denominated in foreign currencies and therefore, changes in the value of a country&#8217;s currency compared to the U.S. dollar may affect the value of the Fund&#8217;s investments. To the extent that the Fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund&#8217;s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. As of June 30, 2012, approximately 10.1% of the Fund&#8217;s investments were in emerging markets.<br/><br/><b><i>Sovereign Debt Risk.</i></b> The Fund may invest in U.S. and foreign government debt securities (&#8220;sovereign debt&#8221;). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal <font style="WHITE-SPACE: nowrap">and/or</font> to pay the interest on its sovereign debt in a timely manner. A sovereign debtor&#8217;s willingness or ability to satisfy its debt obligation may be affected by various factors including, but not limited to, its cash flow situation, the extent of its foreign currency reserves, the availability of foreign exchange when a payment is due, and the relative size of its debt position in relation to its economy as a whole. In the event of default, there may be limited or no legal remedies for collecting sovereign debt and there may be no bankruptcy proceedings through which the Fund may collect all or part of the sovereign debt that a governmental entity has not repaid.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/><b><i>High-Yield/High-Risk Bond Risk.</i></b> High-yield/high-risk bonds (also known as &#8220;junk bonds&#8221;) may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/><b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/><b><i>Exchange-Traded Funds Risk.</i></b> The Fund may purchase shares of exchange-traded funds (&#8220;ETFs&#8221;) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF&#8217;s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF&#8217;s shares may not develop or be maintained.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> <b>Annual Total Returns for Class I Shares</b> (calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2011&nbsp;&nbsp;<b>2.77%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2011<b>&nbsp;&nbsp;0.72%</b></div> <b>Average Annual Total Returns</b> (periods ended 12/31/11) The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: November 1, 2013 2.22 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time.<br/><br/>The bar chart depicts the Fund's performance during the period indicated. The table compares the Fund's average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-877-335-2687</i> <i>janus.com/advisor/mutual-funds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 7.94%. 2012-09-30 0.0794 <b>Best Quarter:</b> 2011-06-30 0.0277 <b>Worst Quarter:</b> 2011-09-30 0.0072 <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: -0.0044 -0.0045 -0.0036 -0.0037 -0.0037 -0.0037 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>14.93%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2008 <b>&nbsp;&nbsp;&#8722;12.96% </b></div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. 50000 <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 0.61 Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund&#8217;s returns and yields will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/> The bar chart depicts the change in performance from year to year during the periods indicated. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.73%. 2012-09-30 0.1073 <i>1-877-335-2687</i> <i>janus.com/advisor/mutual-funds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. 0.0475 0 0 0 0 0 0 0 0 0.01 0 0 0 0 0.0575 0 0 0 0 0 0.0575 0.01 0 0 0 0 0 0 0 0 0.01 0.0057 0 0 0.0057 0 0.0057 0.0057 0.0057 0.0057 0.0057 0.0025 0.01 0.0025 0 0 0.005 0 0.0017 0.0015 0.0055 0.0029 0.0055 0.0055 0.0011 0.0055 0.0004 0.0055 0.0029 0.0029 0.0025 0.01 0.0099 0.0025 0.0111 0 0.0172 0 0.0068 0.0061 0.0136 0.0086 0.007 0.0062 0.0086 0.0058 0.0086 0.0142 0.0225 0.0166 0.0113 0.0141 0.0054 0.0054 0.0054 0.0054 0.0054 0.0126 0.0201 0.0151 0.0101 0.0126 0.0575 0 0 0 0 0 0.01 0 0 0 275 113 571 69 62 138 88 775 542 353 218 195 431 274 0.0025 0.01 0.0025 0 0 0.002 0.0029 0.0037 0.0018 0.0037 0.0099 0.0183 0.0116 0.0072 0.0091 996 933 612 340 379 745 477 1630 2030 1352 847 762 1635 1061 711 328 169 115 144 571 175 113 69 62 138 88 998 703 523 359 446 1307 1205 902 622 670 771 286 118 74 93 775 542 2179 353 2585 218 431 1965 195 1375 274 1691 872 576 368 230 290 996 933 612 379 340 745 477 1630 2030 1352 847 762 1635 1061 504 401 638 990 1091 1718 2148 1409 894 1120 0.0049 0.0069 670 118 186 74 93 872 576 368 230 290 1091 990 711 638 401 228 504 169 115 0.0055 144 0.0055 0.0055 0.0055 0.0055 998 703 523 359 446 1120 894 1409 2148 1718 1307 1205 902 622 771 2179 2585 1965 1375 1691 0.0025 0.01 0.0025 0 0 0.0478 0.0478 0.0504 0.0452 0.0498 0.0558 0.0633 0.0584 0.0507 0.0553 0.0077 0.0152 0.0102 0.0052 0.0077 0.0256 0.1604 -0.4175 0.0942 0.2553 0.0277 0.0976 0.1768 0.1106 0.111 0.1137 0.0135 0.064 -0.1932 -0.3657 -0.1348 0.2291 0.4086 0.1628 0.0497 Class T -0.1348 -0.1363 -0.0862 -0.184 -0.1454 -0.1342 -0.1357 -0.1214 -0.0668 -0.0683 -0.0543 0.0497 -0.0788 0.0483 0.0342 -0.07 0.0211 -0.0116 0.0299 0.0471 -0.0678 0.0518 -0.0816 -0.0674 0.0025 -0.0023 0.0018 -0.0025 -0.0116 -0.0072 -0.0014 0.0025 0.1572 0.032 0.0779 0.0707 0.0672 0.0677 0.0678 0.0671 0.0731 0.0779 <b>Best Quarter:</b> 2009-06-30 0.1493 <b>Worst Quarter:</b> -0.1296 2008-12-31 70 221 384 859 2007-05-02 2007-05-02 2007-05-02 2007-05-02 2007-05-02 2007-05-02 2007-05-02 Class A Class C Class S Class I Class N Class R Class T 2003-02-28 2003-02-28 2003-02-28 2003-02-28 2003-02-28 2003-02-28 2003-02-28 2003-02-28 1099 729 582 507 552 Class A Shares Class C Shares Class S Shares Class I Shares Class R Shares Class T Shares Class N Shares 2139 1861 1730 1519 1646 3167 3061 2859 2531 2729 5684 5925 5600 5052 5386 Class T Shares 2139 1861 1730 1519 1646 2729 2531 2859 3061 3167 <b>Class T Shares </b> <b>Class A Shares </b> <b>Class C Shares </b> <b>Class S Shares </b> <b>Class I Shares </b> 5684 5925 5600 5052 5386 <b>Class T Shares </b> <b>Class T Shares </b> Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes Return After Taxes on Distributions and Sale of Fund Shares S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index Return After Taxes on Distributions Return Before Taxes Class T Shares Class I Shares Class S Shares Class C Shares Class A Shares <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> Class A Shares Class C Shares Class S Shares Class I Shares Class T Shares <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> Class T Class I Class S Class C Class A 0.032 0.0064 0.0207 0.0498 -0.0171 0.0137 0.0295 0.0336 0.032 0.0274 Class T Class I Class S Class C Class A 0.0658 0.0338 0.0365 0.0754 0.0545 0.0574 0.063 0.0658 0.0658 0.0601 0.0742 0.0448 0.0456 0.0885 0.0682 0.0659 0.0685 0.0742 0.0742 0.0712 0.0783 0.0455 0.0465 0.0718 0.0746 0.0702 0.0756 0.0783 0.0783 0.0729 <b><font style="font-variant: small-caps; font-size: 18pt">Fund summary</font></b><br/><br/> <b><font style="font-size: 16pt">INTECH Global Dividend Fund</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> INVESTMENT OBJECTIVE</font></b> <b>INTECH Global Dividend Fund</b> seeks long-term growth of capital and income. <b><font style="FONT-FAMILY: 'Times New Roman', Times"> FEES AND EXPENSES OF THE FUND</font></b> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES<br></b>&nbsp;&nbsp;&nbsp;&nbsp;(expenses that you pay each year as a percentage of the value of your investment) <b> EXAMPLE:</b> <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the period December 15, 2011 to June 30, 2012, the Fund&#8217;s portfolio turnover rate was 24% of the average value of its portfolio. <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT STRATEGIES</font></b> The Fund invests, under normal circumstances, at least 80% of its net assets in dividend-paying securities. The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (&#8220;MSCI&#8221;) World High Dividend Yield Index, utilizing INTECH&#8217;s mathematical investment process. The 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<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"><font style="FONT-VARIANT: small-caps">sm</font></sup><font style="FONT-VARIANT: small-caps">. </font>The Fund may also invest in foreign equity and debt securities.<br/><br/>The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH&#8217;s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a &#8220;buy and hold&#8221; fund strategy. <b><font style="FONT-FAMILY: 'Times New Roman', Times"> PRINCIPAL INVESTMENT RISKS</font></b> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio.<br/><br/><b><i>Dividend Risk. </i></b> Companies that issue dividend-yielding securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Investment Process Risk. </i></b> The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund&#8217;s performance.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> PERFORMANCE INFORMATION</font></b> The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund&#8217;s first annual and/or semiannual report. 0.24 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The Fund does not have a full calendar year of operations. November 1, 2013 0.0055 0.056 0.0615 0.0081 <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesINTECHU.S.CoreFund column period compact * ~</div> 1813 2988 5808 <font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt"><b>Fund summary</b></font><br/><br/><FONT STYLE="FONT-SIZE: 16PT"><b>Janus Money Market Fund</b></FONT> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesINTECHU.S.CoreFund column period compact * ~</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font><br/><br/><font style="FONT-SIZE: 16pt">INTECH U.S. Value Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b> INVESTMENT OBJECTIVE</b></font> <b>INTECH U.S. Value Fund</b> seeks long-term growth of capital. <font style="FONT-FAMILY: 'Times New Roman', Times"><b> FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>SHAREHOLDER FEES<br></b>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedINTECHU.S.CoreFund column period compact * ~</div> <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 100% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index, utilizing INTECH&#8217;s mathematical investment process. The Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index is an unmanaged index that measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.<br/><br/>The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH&#8217;s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a &#8220;buy and hold&#8221; fund strategy. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Investment Process Risk. </i></b> The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund&#8217;s performance.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed Value Fund (&#8220;JAD predecessor fund&#8221;) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.<ul type="square"><li style="margin-left:-20px">The performance shown for Class&nbsp;I Shares, Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class&nbsp;I Shares, Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class&nbsp;T Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class&nbsp;I Shares prior to the reorganization, calculated using the fees and expenses of Class&nbsp;T Shares, without the effect of any fee and expense limitations or waivers.</li></ul>If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <b>Annual Total Returns for Class I Shares </b>(calendar year-end) <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedINTECHU.S.CoreFund column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Third Quarter 2009 &nbsp;<b>17.79% &nbsp; &nbsp; Worst Quarter: &nbsp;</b>Fourth Quarter 2008<b> &nbsp;&#8722;21.39%</b> </div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund&#8217;s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font><br/><br/><font style="FONT-SIZE: 16pt">INTECH U.S. Growth Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>INTECH U.S. Growth Fund</b> seeks long-term growth of capital. For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 46 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. Class A Class C Class I Class T <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> 50000 This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) November&nbsp;1, 2013 <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) 1 <b>EXAMPLE:</b> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsINTECHU.S.CoreFundBarChart column period compact * ~</div> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. Class S 0.0575 0 0 0 0 0 0.01 0 0 0 Class A Class C Class S Class I Class T 0.005 0.005 0.005 0.005 0.005 0.0025 0.01 0.0025 0 0 <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> 1995-12-29 1995-12-29 1995-12-29 1995-12-29 1995-12-29 1995-12-29 <b>Portfolio Turnover: </b> 1995-12-29 1995-12-29 1995-12-29 0.0017 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 84% of the average value of its portfolio. 0.0036 0.004 0.0017 0.0039 The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the Russell 1000<sup>&#174;</sup> Growth Index, utilizing INTECH's mathematical investment process. The Russell 1000<sup>&#174;</sup> Growth Index is an unmanaged index that measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.<br/><br/>The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH's mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a "buy and hold" fund strategy. 0.0092 0.0186 0.0115 0.0067 0.0089 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> 0 -0.0011 0 0 0 0.0092 0.0175 0.0115 0.0067 0.0089 Class A Shares Class C Shares Class S Shares Class I Shares The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Fund does not have a full calendar year of operations. 663 289 117 68 91 851 585 365 214 284 <b>Annual Total Returns for Class S Shares </b>(calendar year-end) 1055 1006 633 373 493 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>15.04%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2008 <b>&nbsp;&nbsp;&#8722;25.11%</b> </div> 1641 2180 1398 835 1096 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> Class C Shares Class S Shares Class I Shares Class T Shares <b>Average Annual Total Returns </b>(periods ended 12/31/11) 663 189 117 68 91 851 585 365 214 284 The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. Class S Shares, Class A Shares, Class C Shares, and Class I Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed Growth Fund ("JAD predecessor fund") into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009. <ul type="square"><li style="margin-left:-20px">The performance shown for Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class S Shares prior to the reorganization, calculated using the fees and expenses of the JAD predecessor fund's Class S Shares, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class A Shares reflects the performance of the JAD predecessor fund's Class A Shares from September 30, 2004 to July 6, 2009 (prior to the reorganization), calculated using the fees and expenses of Class A Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers. Performance shown for certain periods prior to September 30, 2004 reflects the historical performance of the JAD predecessor fund's Class S Shares (formerly named Class I Shares), calculated using the fees and expenses of Class S Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class C Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class C Shares prior to the reorganization, calculated using the fees and expenses of the JAD predecessor fund's Class C Shares, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class I Shares reflects the performance of the JAD predecessor fund's Class I Shares from November 28, 2005 to July 6, 2009 (prior to the reorganization), calculated using the fees and expenses of Class I Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers. Performance shown for certain periods prior to November 28, 2005 reflects the historical performance of the JAD predecessor fund's Class S Shares (formerly named Class I Shares), calculated using the fees and expenses of Class S Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class S Shares prior to the reorganization, calculated using the fees and expenses of Class S Shares, net of any applicable fee and expense limitations or waivers.</li></ul>If Class A Shares, Class I Shares, and Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund's commencement of Class S Shares, Class A Shares, Class C Shares, Class I Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower. <br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 1055 1006 633 373 493 1641 2180 After-tax returns are calculated using distributions for the Fund's Class S Shares for periods following July 6, 2009; and for the JAD predecessor fund's Class S Shares (formerly named Class I Shares) for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class S Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class S Shares due to varying sales charges (as applicable), fees, and expenses among the classes. 1398 835 1096 0.1772 0.0147 -0.3479 0.1799 0.1541 0.0228 The biggest risk is that the Fund's returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Growth Securities Risk.</i></b> Securities of companies perceived to be "growth" companies may be more volatile than other stocks and may involve special risks. If a company's growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund's returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, "growth" stocks may perform differently from the market as a whole and other types of securities.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund's portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund's portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Investment Process Risk.</i></b> The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund's performance.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund's performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page 46 of the Fund's Prospectus and in the "Purchases" section on page 83 of the Fund's Statement of Additional Information. 50000 0.84 <b><font style="FONT-FAMILY: 'Times New Roman', Times">INVESTMENT OBJECTIVES</font></b> <b>Janus Money Market Fund</b>&nbsp;seeks capital preservation and liquidity with current income as a secondary objective. <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/> <B><FONT STYLE="FONT-SIZE: 16PT">INTECH Global Dividend Fund</FONT></B> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>INTECH Global Dividend Fund</b> seeks long-term growth of capital and income. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>EXAMPLE:</b> <b>The following Example is based on expenses without waivers. </b>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>If Shares are redeemed: </b> <b>If Shares are not redeemed: </b> <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the period December 15, 2011 to June 30, 2012, the Fund&#8217;s portfolio turnover rate was 24% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund invests, under normal circumstances, at least 80% of its net assets in dividend-paying securities. The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (&#8220;MSCI&#8221;) World High Dividend Yield Index, utilizing INTECH&#8217;s mathematical investment process. The 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<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"><font style="FONT-VARIANT: small-caps">sm</font></sup><font style="FONT-VARIANT: small-caps">. </font>The Fund may also invest in foreign equity and debt securities.<br/><br/>The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH&#8217;s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a &#8220;buy and hold&#8221; fund strategy. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio.<br/><br/><b><i>Dividend Risk. </i></b>Companies that issue dividend-yielding securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.<br/><br/><b><i>Market Risk. </i></b>The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Investment Process Risk. </i></b>The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund&#8217;s performance.<br/><br/><b><i>Portfolio Turnover Risk. </i></b>Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund&#8217;s first annual and/or semiannual report. <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedINTECHU.S.CoreFund column period compact * ~</div> The biggest risk is that the Fund's returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. <br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 16.23%. For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 46 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/> <b><font style="FONT-SIZE: 16PT">INTECH U.S. Core Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>INTECH U.S. Core Fund</b> seeks long-term growth of capital. 50000 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> November 1, 2013 This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. 0.24 <b>SHAREHOLDER FEES<br></b>(fees paid directly from your investment) The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 73% of the average value of its portfolio. The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 13.89%. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> 2012-09-30 The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the S&amp;P 500<sup>&#174;</sup> Index, utilizing INTECH&#8217;s mathematical investment process. The S&amp;P 500<sup>&#174;</sup> Index is an unmanaged index of 500 stocks that is generally representative of the performance of larger companies in the United States.<br/><br/>The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH&#8217;s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a &#8220;buy and hold&#8221; fund strategy. 0.1389 -0.0534 <b>Best Quarter:&nbsp;&nbsp;</b> 2009-09-30 0.1779 <b>Worst Quarter:&nbsp;&nbsp;</b> 2008-12-31 -0.2139 0.1623 2012-09-30 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Investment Process Risk. </i></b> The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund&#8217;s performance.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b>Best Quarter:</b> 2009-06-30 0.1504 0.0228 0.0202 0.0183 0.0039 -0.0379 0.0016 0.0181 0.0207 <b>Worst Quarter:</b> 2008-12-31 -0.2511 After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. -0.0162 -0.0201 -0.0146 -0.0264 -0.03 -0.0258 -0.0209 Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. -0.0198 After-tax returns are only shown for Class S Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class S Shares due to varying sales charges (as applicable), fees, and expenses among the classes. 0.0137 0.0096 0.0107 0.0113 0.0014 0.0037 0.0089 0.0096 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> 0 0.01 0 0 0 0.0575 0 0 0 0 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.<ul type="square"><li style="margin-left:-20px">&nbsp; The performance shown for Class&nbsp;T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. </li><li style="margin-left:-20px">&nbsp; The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class&nbsp;J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.</li><li style="margin-left:-20px">&nbsp; The performance shown for Class&nbsp;I Shares for periods prior to July&nbsp;6, 2009, reflects the performance of the Fund&#8217;s former Class&nbsp;J Shares, calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers.</li></ul>If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesINTECHGlobalDividendFund column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class A Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class C Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class S Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> 0.005 0.005 0.005 0.005 0.005 0.01 0.0025 0.0025 0 0 0.0017 0.0021 0.0032 0.0012 0.0033 0.0083 0.0062 0.0107 0.0171 0.0092 <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesINTECHGlobalDividendFund column period compact * ~</div> 663 274 109 63 <b>Class T Shares</b> 85 <b>Class T Shares</b> <b>Class T Shares</b> <b>Class A Shares</b> <b>Class C Shares</b> <b>Class S Shares</b> <b>Class I Shares</b> <b>Class N Shares</b> 851 539 340 199 265 928 1055 590 346 460 1641 2019 1306 774 1025 <b><font style="FONT-FAMILY: 'Times New Roman', Times">FEES AND EXPENSES OF THE FUND</font></b> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Second Quarter 2009 &nbsp;<b>14.79% &nbsp; &nbsp; Worst Quarter: &nbsp;</b> Fourth Quarter 2008<b> &nbsp;&#8722;21.49%</b> </div> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 14.92%. <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <br/><br/> After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. <b>Class R Shares</b> 663 174 109 63 85 <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT STRATEGIES</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT RISKS</font></b> 539 851 340 199 265 <b><i>Market Risk. </i></b>The Fund&#8217;s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund&#8217;s yield. Over time, the real value of the Fund&#8217;s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer&#8217;s actual or perceived creditworthiness, or an issuer&#8217;s ability to meet its obligations. The credit quality of the Fund&#8217;s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund&#8217;s share price or yield to fall.<br/><br/><b><i>Collateral Risk. </i></b>With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to financial services, mortgage markets, and government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.<br/><br/><b><i>Money Market Risk. </i></b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. 590 1055 928 346 460 Return Before Taxes Return After Taxes On Distributions Return After Taxes On Distributions and Sale of Fund Shares Barclays U.S. Corporate High-Yield Bond Index Return Before Taxes <b><font style="FONT-FAMILY: 'Times New Roman', Times">PERFORMANCE INFORMATION</font></b> Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes 774 1025 1306 2019 1641 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund&#8217;s inception. The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund&#8217;s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/advisor/mutual-funds</font> or by calling <font style="WHITE-SPACE: nowrap">1-877-335-2687.</font></i> <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Fourth Quarter 2006 &nbsp;<b>1.23% &nbsp; &nbsp; Worst Quarter: &nbsp;</b>Third Quarter 2011<b> &nbsp;0.00%</b> </div> For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 46 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. 50000 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class&nbsp;I Shares</b></div> 0.73 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class&nbsp;I Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class&nbsp;I Shares</b></div> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 2012-09-30 0.1492 <b>Best Quarter:</b> 2009-06-30 0.1479 <b>Worst Quarter:</b> 2008-12-31 The Fund pursues its investment objectives by investing primarily in high quality debt obligations and obligations of financial institutions. Debt obligations may include commercial paper, notes and bonds, and variable amount master demand notes. Obligations of financial institutions include certificates of deposit and time deposits. The Fund also intends to invest in repurchase agreements including those secured by U.S. Government agencies. Some government agencies backed by the full faith and credit of the United States are supported by the issuer&#8217;s ability to borrow from the United States Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way. <br/><br/>The Fund will: <br/><ul type="square"><li style="margin-left:-20px">invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital</li></ul><ul type="square"><li style="margin-left:-20px">invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397&nbsp;days or less (as calculated pursuant to Rule&nbsp;2a-7 under the Investment Company Act of 1940, as amended) </li></ul><ul type="square"><li style="margin-left:-20px">maintain a dollar-weighted average portfolio maturity of 60&nbsp;days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120&nbsp;days or less</li></ul> -0.2149 <b>Class I Shares</b> <b>Class I Shares</b> <b>Class I Shares</b> <b>Class A Shares</b> <b>Class C Shares</b> <b>Class S Shares</b> <b>Class T Shares</b> 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 2005-12-30 After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. 0.0173 0.0166 0.0122 0.0264 -0.038 0.0027 0.0223 0.0203 <b><i>Money Market Risk. </i></b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. -0.0016 0.0007 0.0004 0.025 -0.0091 -0.0056 0.0053 0.0007 <i>The Fund&#8217;s past performance does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes MSCI EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index (net of foreign withholding taxes) 0.0457 0.0492 0.0544 0.063 0.0496 0.0484 0.0544 0.0544 <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> The Fund&#8217;s <font style="WHITE-SPACE: nowrap">year-to-date</font> return as of the calendar quarter ended September 30, 2012 was 0.00%. 2012-09-30 0 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) 0.0001 <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusHigh-YieldFund column period compact * ~</div> The 7-day yield on December 31, 2011 was 0.01% for Janus Money Market Fund. 2003-01-02 2003-01-02 2003-01-02 2003-01-02 2003-01-02 2003-01-02 2003-01-02 2003-01-02 <b>Best Quarter:</b> 2006-12-31 0.0123 <b>Worst Quarter:</b> 2011-09-30 0 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions and Sale of Fund Shares</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">INTECH International Fund</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> INVESTMENT OBJECTIVE</fon></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> FEES AND EXPENSES OF THE FUND</font></b> <b>SHAREHOLDER FEES<br></b>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b><font style="FONT-FAMILY: 'Times New Roman', Times"> PRINCIPAL INVESTMENT STRATEGIES</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> PRINCIPAL INVESTMENT RISKS</font></b> -0.0455 -0.0476 -0.0482 -0.0481 -0.0481 <b><font style="FONT-FAMILY: 'Times New Roman', Times"> PERFORMANCE INFORMATION</font></b> <b>Annual Total Returns for Class I Shares </b>(calendar year-end) <b>Average Annual Total Returns </b>(periods ended 12/31/11) <b>Portfolio Turnover: </b> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusHigh-YieldFund column period compact * ~</div> Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusHigh-YieldFundBarChart column period compact * ~</div> 0.0138 0.0071 0.0093 0.0277 0.046 0.0486 0.0209 0.0007 0.0001 0.0001 Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusHigh-YieldFund column period compact * ~</div> Russell 1000<sup>&#174;</sup> Growth Index <b>Class T Shares</b> <b>Class I Shares</b> <b>Class C Shares</b> <b>Class A Shares</b> <b>Class S Shares</b> <b>Class S Shares</b> <b>Class S Shares</b> Class T Shares Class I Shares Class C Shares Class A Shares Class S Shares <b><font style="font-variant: small-caps; font-size: 18pt">Fund summary</font></b><br/><br/> <b><font style="font-size: 16pt">INTECH U.S. Core Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>INTECH U.S. Core Fund</b> seeks long-term growth of capital. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page 51 of the Fund's Prospectus and in the "Purchases" section on page 83 of the Fund's Statement of Additional Information. <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 50000 The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Class T Shares Class I Shares Class C Shares Class A Shares Class S Shares <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 73% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index, utilizing INTECH&#8217;s mathematical investment process. The S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index is an unmanaged index of 500 stocks that is generally representative of the performance of larger companies in the United States.<br/><br/>The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH&#8217;s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a &#8220;buy and hold&#8221; fund strategy. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Investment Process Risk. </i></b>The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund&#8217;s performance.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PERFORMANCE INFORMATION</font></b> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/allfunds</font> or by calling <font style="WHITE-SPACE: nowrap">1-800-525-3713.</font></i> <b>Annual Total Returns for Class D Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Second Quarter 2009 &nbsp;<b>14.79%&nbsp; &nbsp; &nbsp; &nbsp; Worst Quarter: &nbsp;</b>Fourth Quarter 2008 <b> -21.49%</b> </div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; and for the Fund&#8217;s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. Class T Class I Class S Class C Class A Class T Class I Class S Class C Class A <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class&nbsp;D</div> Class T Class I Class S Class C Class A 0.0054 0.003 Class T Class A Class C Class S Class I 0.0084 86 268 466 Class A Shares Class C Shares Class S Shares Class I Shares Class T Shares 1037 Class A Shares Class C Shares Class S Shares Class I Shares Class T Shares 0.0507 0.0492 0.035 0.0211 0.0029 -0.002 0.0021 -0.0025 0.0781 0.0708 0.0674 0.0677 0.1234 0.069 0.069 0.103 -0.4271 0.3284 0.175 0.0173 0.1768 0.1106 0.1137 0.064 -0.3657 0.2291 0.1638 0.0507 2003-02-28 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Russell 1000&#174; Value Index</div> 2003-02-28 2003-02-28 2003-02-28 <font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt"><b>Fund summary</b></font><br/><br/><font style="FONT-SIZE: 16pt"><b>Perkins Large Cap Value Fund</b></font> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Perkins Large Cap Value Fund</b> seeks capital appreciation. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> <b>SHAREHOLDER FEES<br></b>(fees paid directly from your investment) This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesINTECHGlobalDividendFundClassDShares column period compact * ~</div> <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 52% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of large-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies having, at the time of purchase, market capitalizations equal to or greater than the median market capitalization of companies included in the Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $400.1 billion, and the median market capitalization was $4.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in exchange-traded funds (&#8220;ETFs&#8221;), including commodity-related ETFs, cash or similar investments. <br/><br/> The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s portfolio managers generally look for companies with: <ul type="square"><li style="margin-left:-20px"> &nbsp; strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px"> &nbsp; attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px"> &nbsp; favorable reward to risk characteristics</li></ul>The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices. <br/><br/> <b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested. <br/><br/> <b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money. <br/><br/> <b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. <br/><br/> <b><i>Exchange-Traded Funds Risk.</i></b> The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund&#8217;s performance. <br/><br/> The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk. <br/><br/> <b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. <br/><br/> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser Perkins Large Cap Value Fund (&#8220;JAD predecessor fund&#8221;) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012. <ul type="square"><li style="margin-left:-20px"> The performance shown for Class&nbsp;I Shares, Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class&nbsp;I Shares, Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px"> The performance shown for Class N Shares reflects the performance of the Fund&#8217;s Class I Shares from July&nbsp;6, 2009 to December&nbsp;31, 2011, calculated using the fees and expenses of Class I Shares, net of any applicable fee and expense limitations or waivers. The performance shown for Class N Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class I Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.</li> <li style="margin-left:-20px"> The performance shown for Class&nbsp;T Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class&nbsp;I Shares prior to the reorganization, calculated using the fees and expenses of Class&nbsp;T Shares, without the effect of any fee and expense limitations or waivers.</li></ul> If Class T Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, Class N Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers. <br/><br/> The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower. <br/><br/> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/advisor/mutual-funds</font> or by calling <font style="WHITE-SPACE: nowrap">1-877-335-2687.</font></i> <b>Annual Total Returns for Class I Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Second Quarter 2009&nbsp;<b>15.40% &nbsp; &nbsp; Worst Quarter: &nbsp;</b>Third Quarter 2011<b> &nbsp;-14.75%</b></div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund&#8217;s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <br/><br/>After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 60 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. 50000 0.52 0.73 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. <i>1-877-335-2687</i> <i>janus.com/advisor/mutual-funds</i> The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/advisor/mutual-funds</font> or by calling <font style="WHITE-SPACE: nowrap">1-877-335-2687.</font></i> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <i>janus.com/allfunds</i> Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <i>1-800-525-3713</i> The Fund&#8217;s <font style="WHITE-SPACE: nowrap">year-to-date</font> return as of the calendar quarter ended September 30, 2012 was 13.59%. 2012-09-30 0.1359 After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <b>Best Quarter:</b> Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 2009-06-30 0.154 <b>Worst Quarter:</b> 2011-09-30 -0.1475 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class D Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class D Shares</b></div> 0.002 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions and Sale of Fund Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">S&P 500&#174; Index</div> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/allfunds</font> or by calling <font style="WHITE-SPACE: nowrap">1-800-525-3713.</font></i> <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> 0.0361 <b>INTECH International Fund</b> seeks long-term growth of capital. 0.0389 This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (&#8220;MSCI&#8221;) EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> (Europe, Australasia, Far East) Index, utilizing INTECH&#8217;s mathematical investment process. The MSCI EAFE<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index is an MSCI index that is designed to measure the performance of the developed markets of Europe, Australasia, and the Far East. The Fund may also invest in foreign equity and debt securities.<br/><br/>The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH&#8217;s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a &#8220;buy and hold&#8221; fund strategy. The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. <br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money. <br/><br/><b><i>Investment Process Risk. </i></b> The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund&#8217;s performance. <br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets. <br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders. <br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed International Fund (&#8220;JAD predecessor fund&#8221;) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.<ul type="square"><li style="margin-left:-20px">The performance shown for Class&nbsp;I Shares, Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class&nbsp;I Shares, Class&nbsp;A Shares, Class&nbsp;C Shares, and Class&nbsp;S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class&nbsp;T Shares for periods prior to July&nbsp;6, 2009, reflects the historical performance of the JAD predecessor fund&#8217;s Class&nbsp;I Shares prior to the reorganization, calculated using the fees and expenses of Class&nbsp;T Shares, without the effect of any fee and expense limitations or waivers.</li></ul>If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> After-tax returns are calculated using distributions for the Fund&#8217;s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund&#8217;s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 140% of the average value of its portfolio. Class A Class C Class S Class I Class N Class T Class R 0.0575 0 0 0 0 0 0 0.01 0 0 0 0 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Second Quarter 2009 &nbsp;<b>22.50%&nbsp; &nbsp; &nbsp; &nbsp; Worst Quarter: &nbsp;</b>Third Quarter 2008 <b> &#8722;20.70%</b></div> Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class R Shares Class T Shares For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 46 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. 50000 1.4 November 1, 2013 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0025 0.01 0.0025 0 0 0 0.0026 0.0038 0.003 0.0015 0.0014 0.0038 0.0113 0.0192 0.0125 0.0077 0.0076 0.01 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusHigh-YieldFund column period compact * ~</div> 0.0001 0.0139 0.0173 0.0308 1995-02-14 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusHigh-YieldFund column period compact * ~</div> 684 295 79 127 78 102 913 603 After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. 397 246 243 318 1161 1037 686 428 422 552 1871 2243 1511 954 942 1225 <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.64%. 2012-09-30 0.1064 <b>Best Quarter:</b> 2009-06-30 0.225 <b>Worst Quarter:</b> 611 2008-09-30 -0.207 1099 629 582 507 552 684 195 127 79 78 102 913 603 397 246 243 318 1161 1037 686 428 422 552 1871 2243 1511 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedINTECHGlobalDividendFundClassDShares column period compact * ~</div> 954 942 1225 The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 14.92%. 2012-09-30 0.1492 <b>Best Quarter:</b> 2009-09-30 0.1479 <b>Worst Quarter:</b> 2008-12-31 -0.2149 0.2515 0.1219 -0.002 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class N</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class N</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedINTECHGlobalDividendFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsINTECHU.S.CoreFundClassDSharesBarChart column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class N Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class A Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class C Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class I Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class T Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class N Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class S Shares</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesINTECHU.S.CoreFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedINTECHU.S.CoreFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesPerkinsLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedPerkinsLargeCapValueFund column period compact * ~</div> Class T Shares <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsLargeCapValueFundBarChart column period compact * ~</div> Class A Shares 0.0489 <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedINTECHU.S.CoreFundClassDShares column period compact * ~</div> -0.002 -0.0148 0.0081 0.0039 -0.0625 0.119 0.1109 0.1004 0.1155 0.094 -0.022 -0.0072 -0.002 -0.0041 0.1074 0.1136 0.119 0.1149 -0.0016 -0.0024 -0.0015 -0.0012 -0.0015 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Russell 1000<sup>&#174;</sup> Value Index</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return After Taxes on Distributions and Sale of Fund Shares</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Return Before Taxes</div> 2007-05-02 For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 31 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 64 of the Fund&#8217;s Statement of Additional Information. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 45 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 63 of the Fund&#8217;s Statement of Additional Information. <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsLargeCapValueFund column period compact * ~</div> For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 51 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 45 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 63 of the Fund&#8217;s Statement of Additional Information. <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedINTECHGlobalDividendFund column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class&nbsp;D</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt">Class&nbsp;D Shares </div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusMoneyMarketFundClassTShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusMoneyMarketFundClassTShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusMoneyMarketFundClassTSharesBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusMoneyMarketFundClassTShares column period compact * ~</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Perkins Mid Cap Value Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>SHAREHOLDER FEES<br></b>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 54% of the average value of its portfolio. <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the <font style="WHITE-SPACE: nowrap">12-month</font> average of the capitalization range of the Russell Midcap<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments. <br/><br/>The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s portfolio managers generally look for companies with: <br/><ul type="square"><li style="margin-left:-20px">&nbsp; strong balance sheets and solid recurring free cash flows </li><li style="margin-left:-20px">&nbsp; attractive relative and absolute valuation ratios or that have underperformed recently </li><li style="margin-left:-20px"> &nbsp; favorable reward to risk characteristics</li></ul>The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices. <br /><br /><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested. <br /><br /><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br /><br /><b><i>Mid-Sized Companies Risk.</i></b> The Fund&#8217;s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.<br /><br /><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio.<br /><br /><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited.<br /><br /><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br /><br /><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012. <br/><ul type="square"><li style="margin-left:-20px">&nbsp;The performance shown for Class&nbsp;T Shares for periods following April&nbsp;21, 2003, reflects the fees and expenses of Class&nbsp;T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. For the periods prior to April&nbsp;21, 2003, the performance shown for Class&nbsp;T Shares reflects the historical performance of Berger Mid Cap Value Fund&nbsp;&#8211; Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund&nbsp;&#8211; Investor Shares into the Fund&#8217;s former Class&nbsp;J Shares).</li><li style="margin-left:-20px">&nbsp;The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, Class&nbsp;S Shares, and Class&nbsp;R Shares reflects the performance of the Fund&#8217;s Class&nbsp;J Shares (formerly named Investor Shares) from April&nbsp;21, 2003 to July&nbsp;6, 2009, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. For periods prior to April&nbsp;21, 2003, the performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, Class&nbsp;S Shares, and Class&nbsp;R Shares reflects the historical performance of Berger Mid Cap Value Fund&nbsp;&#8211; Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund&nbsp;&#8211; Investor Shares into the Fund&#8217;s former Class&nbsp;J Shares), calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.</li><li style="margin-left:-20px">&nbsp;The performance shown for Class&nbsp;I Shares reflects the performance of the Fund&#8217;s Class&nbsp;J Shares (formerly named Investor Shares) from April&nbsp;21, 2003 to July&nbsp;6, 2009, calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April&nbsp;21, 2003, the performance shown for Class&nbsp;I Shares reflects the historical performance of Berger Mid Cap Value Fund&nbsp;&#8211; Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund&nbsp;&#8211; Investor Shares into the Fund&#8217;s former Class&nbsp;J Shares), calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers. </li><li style="margin-left:-20px">&nbsp;The performance shown for Class N Shares reflects the performance of the Fund&#8217;s Class T Shares from July 6, 2009 to December&nbsp;31, 2011, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. For the period from April 21, 2003 to July 6, 2009, the performance shown for Class N Shares reflects the performance of the Fund&#8217;s Class J Shares (formerly named Investor Shares), calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class N Shares reflects the historical performance of Berger Mid Cap Value Fund&nbsp;&#8211; Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund&nbsp;&#8211; Investor Shares into the Fund&#8217;s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.</li></ul>If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <b>Annual Total Returns for Class T Shares</b> (calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: </b>Second Quarter 2003 <b>17.17% &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter: </b>Fourth Quarter 2008<b> &#8722;19.63% </b></div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares) for the periods following April 21, 2003; and for Berger Mid Cap Value Fund &#8211; Investor Shares for periods prior to April 21, 2003. If Class T Shares of the Fund had been available during the periods prior to April 21, 2003, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 60 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.06%. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Perkins Mid Cap Value Fund</b> seeks capital appreciation. 0.54 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-877-335-2687</i> <i>janus.com/advisor/mutual-funds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 51 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. 2012-09-30 0.0906 <b>Best Quarter:</b> 2003-06-30 0.1717 <b>Worst Quarter:</b> 2008-12-31 -0.1963 0.0575 0 0 0 0 0 0 0 0.01 0 0 0 0 0 2008-09-03 2008-09-03 0.0054 0.0054 0.0054 0.0054 0.0054 0.0054 0.0054 0.0025 0.01 0.0025 0 0 0.005 0 The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. 0.0026 0.0024 0.003 0.0019 0.0004 0.003 0.003 0.0105 0.0178 0.0109 0.0073 0.0058 0.0134 0.0084 0 0 0 0 0 0.0101 0.0176 0.0109 0.0073 0.0058 0.0134 0.0084 <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> 676 281 111 75 59 136 86 890 560 347 233 186 425 268 1121 964 601 406 324 734 466 1784 2095 1329 906 726 1613 1037 -0.1309 0.3933 0.1836 0.1036 0.1525 0.0743 -0.2733 0.3037 0.1481 -0.0255 676 181 111 75 59 86 136 890 560 347 1987-07-07 233 186 425 268 1121 964 601 406 324 734 466 -0.0255 -0.0388 -0.0018 -0.0832 -0.0427 -0.0138 1784 -0.0273 2095 1329 906 -0.0243 726 1613 1037 0.0124 0.0171 0.0004 0.0234 0.0263 0.0263 0.0163 0.0204 0.0758 0.0648 0.0634 0.0675 0.0662 0.0767 0.0727 0.0758 0.1112 0.109 0.077 0.1151 0.1176 -0.0255 -0.0301 0.0263 0.0208 0.0758 0.07 0.1176 0.1129 0.1176 0.1031 0.0994 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class A Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class C Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class S Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class I Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class N Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class R Shares</b></div> After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/advisor/mutual-funds</font> or by calling <font style="WHITE-SPACE: nowrap">1-877-335-2687.</font></i> 1998-08-12 1998-08-12 1998-08-12 1998-08-12 1998-08-12 1998-08-12 1998-08-12 1998-08-12 1998-08-12 Class A Class C Class I Class N Class R Class S Class T <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class I Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class I Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class I Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class A Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class C Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class S Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class N Shares</b></div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Class T Shares</b></div> Class T Class S Class R Class N Class I Class C Class A <b>Class T Shares</b> Return Before Taxes Class A Shares Class C Shares Class I Shares Class N Shares Class R Shares Class S Shares Class T Shares Class A Shares Class C Shares Class I Shares Class N Shares Class R Shares Class S Shares Class T Shares Morgan Stanley Capital International All Country World Index<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"><font style="FONT-VARIANT: small-caps">sm</font></sup> (net of foreign withholding taxes) World Allocation Index <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesPerkinsMidCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsMidCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsMidCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedPerkinsMidCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsMidCapValueFundBarChart column period compact * ~</div> Return Before Taxes Return Before Taxes Return After Taxes on Distributions Russell Midcap<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index Return Before Taxes Return Before Taxes Return After Taxes on Distributions and Sale of Fund Shares Return Before Taxes Return Before Taxes Return Before Taxes <b>Class R Shares</b> <b>Class T Shares</b> <b>Class A Shares</b> <b>Class C Shares</b> <b>Class S Shares</b> <b>Class I Shares</b> <b>Class N Shares</b> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsMidCapValueFund column period compact * ~</div> November 1, 2013 -0.0004 -0.0002 1998-08-12 <b>Class T Shares</b> <b>Class T Shares</b> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. 1995-12-29 <font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt"><b>Fund summary</b></font><br/><br/><FONT STYLE="FONT-SIZE: 16PT"><b>Perkins Select Value Fund</b></FONT> <b><font style="FONT-FAMILY: 'Times New Roman', Times">INVESTMENT OBJECTIVE</font></b> <b>Perkins Select Value Fund </b>seeks capital appreciation. <b><font style="FONT-FAMILY: 'Times New Roman', Times">FEES AND EXPENSES OF THE FUND</font></b> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 60 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. 50000 <b>SHAREHOLDER FEES</b><br/>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the period December 15, 2011 to June 30, 2012, the Fund&#8217;s portfolio turnover rate was 80% of the average value of its portfolio. 0.8 <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT STRATEGIES</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT RISKS</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PERFORMANCE INFORMATION</font></b> The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund&#8217;s first annual <font style="WHITE-SPACE: nowrap">and/or</font> semiannual report. The Fund does not have a full calendar year of operations. The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of companies of any size whose stock prices the portfolio managers believe to be undervalued. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund&#8217;s cash or similar investments may increase.<br/><br/>The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s portfolio managers generally look for companies with:<ul type="square"><li style="margin-left:-20px">strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px">attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px">favorable reward to risk characteristics</li></ul>The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission. The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Perkins Small Cap Value Fund</font></b><br/><b><font style="FONT-SIZE: 10pt"></font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times">INVESTMENT OBJECTIVE</font></b> <b>Perkins Small Cap Value Fund</b> seeks capital appreciation. <b><font style="FONT-FAMILY: 'Times New Roman', Times">FEES AND EXPENSES OF THE FUND</font></b> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>SHAREHOLDER FEES<br/></b>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES<br/></b>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 62% of the average value of its portfolio. <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT STRATEGIES</font></b> The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund&#8217;s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.<br/><br/>The Fund&#8217;s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.<br/><br/>The Fund&#8217;s portfolio managers generally look for companies with:<ul type="square"><li style="margin-left:-20px">strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px">attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px">favorable reward to risk characteristics</li></ul>The portfolio managers&#8217; philosophy is to weigh a security&#8217;s downside risk before considering its upside potential, which may help provide an element of capital preservation. <b><font style="FONT-FAMILY: 'Times New Roman', Times">PRINCIPAL INVESTMENT RISKS</font></b> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Small-Sized Companies Risk.</i></b> The Fund&#8217;s investments in securities issued by small-sized companies, which tend to be smaller, <font style="WHITE-SPACE: nowrap">start-up</font> companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b><font style="FONT-FAMILY: 'Times New Roman', Times">PERFORMANCE INFORMATION</font></b> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class T Shares (formerly named Class J Shares) of the Fund commenced operations with the Fund&#8217;s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.<ul type="square"><li style="margin-left:-20px">The performance shown for Class&nbsp;T Shares for periods following April&nbsp;21, 2003, reflects the fees and expenses of Class&nbsp;T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. For the periods prior to April&nbsp;21, 2003, the performance shown for Class&nbsp;T Shares reflects the historical performance of Berger Small Cap Value Fund&nbsp;&#8211; Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund&nbsp;&#8211; Investor Shares into the Fund&#8217;s former Class&nbsp;J Shares).</li><li style="margin-left:-20px">The performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, Class&nbsp;S Shares, and Class&nbsp;R Shares reflects the performance of the Fund&#8217;s Class&nbsp;J Shares (formerly named Investor Shares) from April&nbsp;21, 2003 to July&nbsp;6, 2009, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. For periods prior to April&nbsp;21, 2003, the performance shown for Class&nbsp;A Shares, Class&nbsp;C Shares, Class&nbsp;S Shares, and Class&nbsp;R Shares reflects the historical performance of Berger Small Cap Value Fund&nbsp;&#8211; Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund&nbsp;&#8211; Investor Shares into the Fund&#8217;s former Class&nbsp;J Shares), calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class&nbsp;I Shares reflects the performance of the Fund&#8217;s Class&nbsp;J Shares (formerly named Investor Shares) from April&nbsp;21, 2003 to July&nbsp;6, 2009, calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April&nbsp;21, 2003, the performance shown for Class&nbsp;I Shares reflects the historical performance of Berger Small Cap Value Fund&nbsp;&#8211; Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund&nbsp;&#8211; Investor Shares into the Fund&#8217;s former Class&nbsp;J Shares), calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class&nbsp;N Shares reflects the performance of the Fund&#8217;s Class&nbsp;T Shares from July&nbsp;6, 2009 to December&nbsp;31, 2011, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. For the period from April&nbsp;21, 2003 to July&nbsp;6, 2009, the performance shown for Class&nbsp;N Shares reflects the performance of the Fund&#8217;s Class&nbsp;J Shares (formerly named Investor Shares), calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April&nbsp;21, 2003, the performance shown for Class&nbsp;N Shares reflects the historical performance of Berger Small Cap Value Fund&nbsp;&#8211; Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund&nbsp;&#8211; Investor Shares into the Fund&#8217;s former Class&nbsp;J Shares), calculated using the fees and expenses of Class&nbsp;J Shares, net of any applicable fee and expense limitations or waivers.</li></ul>If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/advisor/mutual-funds</font> or by calling <font style="WHITE-SPACE: nowrap">1-877-335-2687.</font></i> <b>Annual Total Returns for Class T Shares </b>(calendar year-end) <b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>23.04%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2002&nbsp;&nbsp;<b>&#8722;22.57%</b> 0.0575 0 0 0 0 0 <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class T Shares (formerly named Class J Shares) for the periods following April 21, 2003; and for Berger Small Cap Value Fund &#8211; Investor Shares for periods prior to April 21, 2003. If Class T Shares of the Fund had been available during the periods prior to April 21, 2003, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. 0 0.01 0 0 0 0 0.0575 0 0 0 0 0 0 0 0.01 0 0 0 0 0 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 Class A Class C Class S Class I Class T Class N 0.0025 0.01 0.0025 0 0 0.005 0 0.0039 0.003 0.0029 0.0014 0.0004 0.0029 0.003 0.0139 0.0205 0.0129 0.0089 0.0079 0.0154 0.0105 0 0 0 0 0 0.0124 0.0199 0.0129 0.0089 0.0079 0.0154 0.0105 Class A Class C Class S Class I Class N Class T Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class T Shares Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class T Shares 0.007 0.007 0.007 0.007 0.007 0.007 0.0025 0.01 0 0.0025 0 0 0.0056 0.0073 0.0078 0.0056 0.0056 0.0074 0.0151 0.0243 0.0173 0.0126 0.0126 0.0144 0.0127 0.0202 0.0152 0.0102 0.0102 0.0127 -0.0017 -0.0024 -0.0041 -0.0021 -0.0024 -0.0024 720 346 176 128 147 128 1025 758 545 400 400 456 1351 1296 939 692 692 787 2273 2766 1523 2041 1523 1724 720 246 176 128 147 128 1025 758 545 400 400 456 1296 939 692 692 787 1351 2273 2766 2041 1523 1523 1724 0.0075 0.002 0.0095 97 303 525 1166 <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesPerkinsSelectValueFund column period compact * ~</div> 708 308 131 91 81 157 107 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsSelectValueFund column period compact * ~</div> 990 643 409 284 252 486 334 1292 1103 708 493 439 839 579 2148 2379 1556 1096 978 1834 1283 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsSelectValueFund column period compact * ~</div> -0.1559 0.3678 0.1357 0.089 0.1237 0.0297 -0.2179 0.3659 0.18 -0.0333 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedPerkinsSelectValueFund column period compact * ~</div> -0.0333 -0.0581 -0.0051 -0.055 0.0464 0.0291 0.0344 -0.0187 0.0725 0.0538 0.0575 0.064 708 208 131 91 81 157 107 990 643 409 284 252 486 334 1292 1103 708 493 439 839 579 2148 2379 1556 1096 978 1834 1283 -0.1559 0.3678 0.1357 0.089 0.1237 0.0297 -0.2179 0.3659 0.1787 -0.0343 -0.0343 -0.0587 -0.0057 -0.055 -0.0912 -0.0369 -0.0521 -0.0328 -0.0343 -0.0389 0.041 0.046 0.046 0.0436 0.0362 0.0317 -0.0187 0.0341 0.0287 0.046 0.0634 0.0723 0.0536 0.0573 0.064 0.0622 0.0698 0.0723 0.0723 0.0672 0.006 0.0081 0.0141 -0.005 0.0091 <b>Class T Shares</b> <b>Class T Shares</b> <b>Class T Shares</b> <b>Class A Shares</b> <b>Class C Shares</b> <b>Class S Shares</b> <b>Class I Shares</b> <b>Class N Shares</b> <b>Class R Shares</b> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes 0.0062 0.0033 0.0095 144 446 771 1691 0.0054 0.003 0.0084 0.0366 86 268 466 1037 0.0366 0.0161 0.0268 0.0039 0.0444 0.0784 97 0.0921 0.0738 0.0692 0.0997 0.0551 0.0816 303 525 1166 -0.1295 0.3977 0.1856 0.1053 0.1542 0.0756 -0.2719 0.3074 0.1501 0.0075 -0.0233 -0.0037 -0.0163 0.0069 0.0039 0.0027 0.0102 0.1129 0.105 0.0952 0.1155 -0.0233 -0.037 -0.0003 -0.0138 0.0284 0.0181 0.0221 0.0004 0.0779 0.0666 0.0651 0.0767 0.1192 0.1045 0.1008 0.077 1998-08-12 1998-08-12 1998-08-12 1998-08-12 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font><br/><br/><font style="FONT-SIZE: 16pt">Perkins Small Cap Value Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Perkins Small Cap Value Fund</b> seeks capital appreciation. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 62% of the average value of its portfolio. 0.62 <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Class D Shares</b> <b>Class D Shares</b> <b>Class D Shares</b> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsMidCapValueFundClassLShares column period compact * ~</div> Return Before Taxes Return After Taxes on Distributions Russell 1000<sup>&#174;</sup> Value Index Barclays U.S. Aggregate Bond Index Value Income Index The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund&#8217;s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.<br/><br/>The Fund&#8217;s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.<br/><br/>The Fund&#8217;s portfolio managers generally look for companies with:<ul type="square"><li style="margin-left:-20px"> strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px">attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px">favorable reward to risk characteristics</li></ul>The portfolio managers&#8217; philosophy is to weigh a security&#8217;s downside risk before considering its upside potential, which may help provide an element of capital preservation. Return After Taxes on Distributions and Sale of Fund Shares <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Small-Sized Companies Risk.</i></b> The Fund&#8217;s investments in securities issued by small-sized companies, which tend to be smaller, <font style="WHITE-SPACE: nowrap">start-up</font> companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsMidCapValueFundClassLShares column period compact * ~</div> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares (formerly named Investor Shares). For the periods prior to April 21, 2003, the performance shown for Class D Shares reflects the historical performance of Berger Small Cap Value Fund &#8211; Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund &#8211; Investor Shares into the Fund&#8217;s Class J Shares). If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 1000<sup>&reg;</sup> Value Index The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. 2008-12-31 2008-12-31 Class D Shares 2008-12-31 The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsMidCapValueFundClassLSharesBarChart column period compact * ~</div> <b>Class D Shares</b> <b>Class D Shares</b> <b>Class D Shares</b> <i>1-800-525-3713</i> <i>janus.com/allfunds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> Class D <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsMidCapValueFundClassLShares column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Annual Total Returns for Class D Shares </b>(calendar year-end) </div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>23.04%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2002&nbsp;&nbsp;<b>&#8722;22.57%</b> </div> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 6.28%. <b>Average Annual Total Returns </b>(periods ended 12/31/11) <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsValuePlusIncomeFundClassDShares column period compact * ~</div> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. Class D After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; for the Fund&#8217;s Class J Shares (formerly named Investor Shares) for the period April 21, 2003 to February 16, 2010; and for Berger Small Cap Value Fund &#8211; Investor Shares for periods prior to April 21, 2003. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsValuePlusIncomeFundClassDShares column period compact * ~</div> 104 325 563 Class D Shares 1248 <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsValuePlusIncomeFundClassDSharesBarChart column period compact * ~</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font><br/><br/><font style="FONT-SIZE: 16pt">Perkins Mid Cap Value Fund </font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Perkins Mid Cap Value Fund</b> seeks capital appreciation. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 54% of the average value of its portfolio. <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the <font style="WHITE-SPACE: nowrap">12-month</font> average of the capitalization range of the Russell Midcap<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.<br/><br/> The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s portfolio managers generally look for companies with: <ul type="square"><li style="margin-left:-20px"> &nbsp;strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px"> &nbsp;attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px"> &nbsp;favorable reward to risk characteristics</li></ul> The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission. <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsValuePlusIncomeFundClassDShares column period compact * ~</div> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices. <br/><br/> <b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested. <br/><br/> <b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money. <br/><br/> <b><i>Mid-Sized Companies Risk.</i></b> The Fund&#8217;s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies. <br/><br/> <b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. <br/><br/> <b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited. <br/><br/> <b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets. <br/><br/> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund&#8217;s former Class J Shares (formerly named Investor Shares). For the periods prior to April 21, 2003, the performance shown for Class D Shares reflects the historical performance of Berger Mid Cap Value Fund &#8211; Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund &#8211; Investor Shares into the Fund&#8217;s Class J Shares). If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower. <br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/allfunds</font> or by calling <font style="WHITE-SPACE: nowrap">1-800-525-3713.</font></i> 0.2361 Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund&nbsp;Shares <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Annual Total Returns for Class D Shares </b>(calendar year-end) </div> 0.1194 <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2003&nbsp;&nbsp;<b>17.17%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2008&nbsp;&nbsp;<b>&#8722;19.63%</b> </div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; for the Fund&#8217;s Class J Shares (formerly named Investor Shares) for the period April 21, 2003 to February 16, 2010; and for Berger Mid Cap Value Fund &#8211; Investor Shares for periods prior to April 21, 2003. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. -0.0037 -0.1533 0.3718 0.138 0.0914 0.1257 0.0321 -0.2163 Russell Midcap&#174; Value Index 0.54 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-800-525-3713</i> 0.3691 <i>janus.com/allfunds</i> 0.1818 <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> -0.0318 Class D Class D Shares After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <i>Updated performance information is available at <font style="WHITE-SPACE: nowrap">janus.com/allfunds</font> or by calling <font style="WHITE-SPACE: nowrap">1-800-525-3713.</font></i> <b>Best Quarter:</b> 2003-06-30 0.1717 Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 2000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index <b>Worst Quarter:</b> 2008-12-31 -0.1963 The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.11%. 2012-09-30 0.0911 0.0054 0.002 0.0074 76 237 411 918 <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font><br/><br/><font style="FONT-SIZE: 16pt">Perkins Value Plus Income Fund </font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE </b></font> -0.1309 0.3933 0.1836 <b>Perkins Value Plus Income Fund </b> seeks capital appreciation and current income. Class A Class C Class I Class S Class N Class R Class T 0.1036 0.1525 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND </b></font> 0.0743 This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. -0.2733 0.3037 0.1491 <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) -0.0242 <b>EXAMPLE: </b> <b>The following Example is based on expenses without waivers. </b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 100% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> -0.0242 -0.0377 -0.0008 -0.0138 Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class R Shares Class T Shares Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class R Shares Class T Shares 2012-09-30 0.0628 <b>Best Quarter:</b> 2009-06-30 0.0268 0.0167 0.0208 0.0004 0.2304 0.076 0.065 0.0636 0.0767 0.1178 0.1032 0.0996 0.077 The Fund pursues its investment objective by normally investing 40-60% of its assets in equity securities selected primarily for capital appreciation and investing the remainder in fixed-income securities and cash equivalents. <br/><br/> <i>Equity Securities. </i>The Fund&#8217;s equity investments generate total return from a combination of capital appreciation and, to a lesser degree, current income. Such equity investments may include companies of any size, but the Fund will invest primarily in large- and mid-sized companies whose stock prices the portfolio managers believe to be undervalued or have the potential for high relative dividend yields, or both. The Fund&#8217;s equity portfolio managers invest in companies which have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s equity portfolio managers generally look for companies with:<ul type="square"><li style="margin-left:-20px">strong balance sheets and solid recurring free cash flows </li><li style="margin-left:-20px"> attractive relative and absolute valuation ratios or that have underperformed recently </li><li style="margin-left:-20px">favorable reward to risk characteristics </li></ul><i>Fixed-Income Securities. </i>The Fund&#8217;s fixed-income investments generate total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund normally invests the portion of its assets allocated to fixed-income investments in debt securities (including, but not limited to, government bonds, corporate bonds, mortgage-backed securities, asset-backed securities, zero-coupon bonds, and bank loans), convertible securities, and short-term securities. The Fund invests at least 50% of the fixed-income portion of its assets in investment grade debt securities. The Fund will limit its investment in high-yield/high-risk bonds, also known as &#8220;junk&#8221; bonds, to 50% or less of the fixed-income portion of its net assets.<br/><br/>In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s fixed-income investments, the Fund&#8217;s fixed-income portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies.<br/><br/>The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets.<br/><br/>The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options to enhance returns. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission. <br/><br/> Janus Capital is primarily responsible for the overall asset allocation of the Fund and manages the Fund&#8217;s fixed-income investments. Cash positions are considered a part of the Fund&#8217;s fixed-income allocation and will be managed by the Fund&#8217;s fixed-income portfolio managers. Perkins manages the Fund&#8217;s equity investments and assists the adviser in determining the Fund&#8217;s overall asset allocation. The Fund may periodically adjust its mix of equity and fixed-income investments in response to changing economic and market conditions, including outside the range of 40-60% of its assets in equity securities. Due to the nature of the fixed-income securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds. <b>Worst Quarter:</b> 2002-09-30 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS </b></font> -0.2257 -0.0318 -0.0568 -0.0043 -0.055 0.0309 0.0485 0.036 -0.0187 0.0593 0.0558 0.0748 0.064 1998-08-12 1998-08-12 1998-08-12 1998-08-12 For Class&nbsp;A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page&nbsp;60 of the Fund's Prospectus and in the "Purchases" section on page&nbsp;83 of the Fund's Statement of Additional Information. 50000 0.62 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The biggest risk is that the Fund&#8217;s returns and yields will vary, and you could lose money. The Fund is designed for long-term investors seeking a portfolio including common stocks and bonds selected for their potential to produce capital appreciation and current income. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s equity portfolio managers.<br/><br/><b><i>Mid-Sized Companies Risk.</i></b> The Fund&#8217;s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.<br/><br/><b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken <font style="WHITE-SPACE: nowrap">and/or</font> that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/><b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/><b><i>High-Yield/High-Risk Bond Risk.</i></b> High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/><b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited.<br/><br/><b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the allocation of assets among the equity and fixed asset categories. You could lose money on your investment in the Fund as a result of these allocations. Portfolio management may favor an asset category that underperforms relative to other asset categories. For example, the Fund may be overweighted in equity securities when the stock market is falling and the fixed-income market is rising. Additionally, periodic rebalancing of Fund assets among asset categories may result in increased transaction costs, which may have a negative effect on the Fund&#8217;s performance.<br/><br/><b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Russell Midcap&#174; Value Index Return After Taxes on Distributions and Sale of Fund Shares Return After Taxes on Distributions Return Before Taxes <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION </b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. The bar chart depicts the Fund&#8217;s performance during the period indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Class D Shares</b> <b>Class D Shares</b> <b>Class D Shares</b> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsSmallCapValueFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsSmallCapValueFundClassDShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsSmallCapValueFundClassDSharesBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsSmallCapValueFundClassDShares column period compact * ~</div> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Perkins Select Value Fund</font></b> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsMidCapValueFundClassDShares column period compact * ~</div> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. <b>Perkins Select Value Fund </b>seeks capital appreciation. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> <i>janus.com/advisor/mutual-funds</i> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <i>1-877-335-2687</i> <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>EXAMPLE:</b> <b>The following Example is based on expenses without waivers. </b>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt"><b>Fund summary</font><br/><br/><font style="FONT-SIZE: 16pt">Perkins Mid Cap Value Fund</b></font> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the period December 15, 2011 to June 30, 2012, the Fund&#8217;s portfolio turnover rate was 80% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund's year-to-date return as of the calendar quarter ended September&nbsp;30, 2012 was 6.24%. <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsMidCapValueFundClassDShares column period compact * ~</div> The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of companies of any size whose stock prices the portfolio managers believe to be undervalued. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund&#8217;s cash or similar investments may increase.<br/><br/>The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s portfolio managers generally look for companies with:<ul type="square"><li style="margin-left:-20px">strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px">attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px"> favorable reward to risk characteristics</li></ul>The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and <font style="WHITE-SPACE: nowrap">Form N-Q</font> reports, which are filed with the Securities and Exchange Commission. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> 2012-09-30 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <b>Perkins Mid Cap Value Fund</b> seeks capital appreciation. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> 0.0624 The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund&#8217;s first annual and/or semiannual report. <b>Best Quarter:</b> 2009-06-30 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> 0.2304 <b>Worst Quarter:</b> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. 2002-09-30 November 1, 2013 <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) -0.2257 <b>EXAMPLE:</b> 0.8 The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio Turnover: </b> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 54% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsMidCapValueFundClassDSharesBarChart column period compact * ~</div> The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap&#174; Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.<br/> <br/>The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s portfolio managers generally look for companies with:<ul type="square"><li style="margin-left:-20px">strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px">attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px">favorable reward to risk characteristics</li></ul>The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund&#8217;s direct investments. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The Fund does not have a full calendar year of operations. The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Mid-Sized Companies Risk.</i></b> The Fund&#8217;s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.<br/><br/><b><i>Foreign Exposure Risk.</i></b> The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio.<br/><br/><b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets. <br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. The performance shown for periods following April 21, 2003, reflects the fees and expenses of Class L Shares (formerly named Institutional Shares), net of any applicable fee and expense limitations or waivers. The performance shown for Class L Shares for the periods from May 17, 2002 to April 17, 2003, reflects the historical performance of Berger Mid Cap Value Fund &#8211; Institutional Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund &#8211; Institutional Shares into the Fund&#8217;s Class L Shares). For the periods prior to May 17, 2002, the performance shown reflects the historical performance of Berger Mid Cap Value Fund &#8211; Investor Shares.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 0.54 The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> 0.007 <b>Annual Total Returns for Class L Shares</b> (calendar year-end) 0.0104 0.0174 -0.0055 0.0119 <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesPerkinsSmallCapValueFund column period compact * ~</div> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <b>Best Quarter:&nbsp;&nbsp;</b> 2003-06-30 0.1719 <b>Worst Quarter:&nbsp;&nbsp;</b> 2008-12-31 -0.1956 The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.05%. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsSmallCapValueFund column period compact * ~</div> 2012-09-30 0.0905 <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsSmallCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedPerkinsSmallCapValueFund column period compact * ~</div> 177 548 944 2052 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsSmallCapValueFundBarChart column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2003&nbsp;&nbsp;<b>17.19%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Fourth Quarter 2008&nbsp;&nbsp;<b>&#8722;19.56%</b> </div> After-tax returns are calculated using distributions for the Fund&#8217;s Class L Shares (formerly named Institutional Shares) for the periods following April 21, 2003 for Berger Mid Cap Value Fund &#8211; Institutional Shares for the period May 17, 2002 to April 17, 2003; and for Berger Mid Cap Value Fund &#8211; Investor Shares for periods prior to May 17, 2002. If Class L Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsSmallCapValueFund column period compact * ~</div> 0 0.0575 0 0 0 0 0 0.01 0 0 0 0 0.006 0.006 0.006 0.006 0.006 0.006 0.0025 0.01 0.0025 0 0 0 0.0065 0.0066 0.0088 0.0065 0.0063 0.0088 <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/> <B><FONT STYLE="FONT-SIZE: 16PT">Perkins Large Cap Value Fund</FONT></B> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Perkins Large Cap Value Fund</b> seeks capital appreciation. 0.015 0.0226 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> 0.0173 0.0125 0.0123 0.0148 This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover:</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 52% of the average value of its portfolio. <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 0.0102 0.0177 0.0127 0.0077 0.0102 0.0077 <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of large-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies having, at the time of purchase, market capitalizations equal to or greater than the median market capitalization of companies included in the Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $400.1 billion, and the median market capitalization was $4.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in exchange-traded funds (&#8220;ETFs&#8221;), including commodity-related ETFs, cash or similar investments.<br/><br/>The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s portfolio managers generally look for companies with: <ul type="square"><li style="margin-left:-20px">strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px">attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px">favorable reward to risk characteristics</li></ul>The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission. <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Value Investing Risk. </i></b>Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.<br/><br/> <b><i>Market Risk. </i></b>The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Foreign Exposure Risk. </i></b>The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio.<br/><br/><b><i>Exchange-Traded Funds Risk. </i></b>The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund&#8217;s performance.<br/><br/>The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.<br/><br/><b><i>Derivatives Risk. </i></b>Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsMidCapValueFundClassDShares column period compact * ~</div> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010. The performance shown for Class D Shares for the period July 6, 2009 to February 16, 2010, reflects the performance of the Fund&#8217;s Class I Shares, calculated using the fees and expenses of Class D Shares, without the effect of any fee and expense limitations or waivers. Performance shown for the period prior to July 6, 2009, reflects the historical performance of the Janus Adviser Perkins Large Cap Value Fund&#8217;s (&#8220;JAD predecessor fund&#8221;) Class I Shares prior to the reorganization of Class I Shares of the JAD predecessor fund into Class I Shares of the Fund, calculated using the fees and expenses of Class D Shares, without the effect of any fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund&#8217;s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers. <br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> <b>Annual Total Returns for Class D Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>15.02%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2011&nbsp;&nbsp;<b>&#8722;14.77%</b> </div> <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund&#8217;s Class D Shares for the periods following February 16, 2010; for the Fund&#8217;s Class I Shares for the period following July 6, 2009; and for the JAD predecessor fund&#8217;s Class I Shares for the period prior to July 6, 2009. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsSelectValueFundClassDShares column period compact * ~</div> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Fourth Quarter 2011 &nbsp;<b>7.30%&nbsp; &nbsp; &nbsp; &nbsp; Worst Quarter: &nbsp;</b>Third Quarter 2011 &nbsp;<b>&#8722;7.84%</b> </div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsSelectValueFundClassDShares column period compact * ~</div> 0.52 The biggest risk is that the Fund's returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time.<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.38%. <i>1-800-525-3713</i> <i>janus.com/allfunds</i> <i>The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 13.38%. <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> The Value Income Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index (50%) and the Barclays U.S. Aggregate Bond Index (50%).<br/><br/>After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. 0.1038 2012-09-30 2012-09-30 0.1338 0.073 <b>Best Quarter:</b> <b>Best Quarter: </b> 2009-06-30 0.1502 2011-12-31 <b>Worst Quarter:</b> 2011-09-30 <b>Worst Quarter: </b> -0.1477 -0.0784 2011-09-30 <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>1-800-525-3713</i> <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font><br/><br/><font style="FONT-SIZE: 16pt">Perkins Small Cap Value Fund</font></b> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>INVESTMENT OBJECTIVE</b></font> <b>Perkins Small Cap Value Fund</b> seeks capital appreciation. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsLargeCapValueFundClassDShares column period compact * ~</div> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>FEES AND EXPENSES OF THE FUND</b></font> This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. <b>ANNUAL FUND OPERATING EXPENSES</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <i>janus.com/allfunds </i> <b>EXAMPLE:</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 62% of the average value of its portfolio. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund&#8217;s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.<br/><br/>The Fund&#8217;s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.<br/><br/>The Fund&#8217;s portfolio managers generally look for companies with:<ul type="square"><li style="margin-left:-20px">strong balance sheets and solid recurring free cash flows</li><li style="margin-left:-20px">attractive relative and absolute valuation ratios or that have underperformed recently</li><li style="margin-left:-20px">favorable reward to risk characteristics</li></ul>The portfolio managers&#8217; philosophy is to weigh a security&#8217;s downside risk before considering its upside potential, which may help provide an element of capital preservation. <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PRINCIPAL INVESTMENT RISKS</b></font> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.<br/><br/><b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s portfolio managers. When the Fund&#8217;s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.<br/><br/><b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.<br/><br/><b><i>Small-Sized Companies Risk.</i></b> The Fund&#8217;s investments in securities issued by small-sized companies, which tend to be smaller, <font style="WHITE-SPACE: nowrap">start-up</font> companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.<br/><br/><b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/><i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> <font style="FONT-FAMILY: 'Times New Roman', Times"><b>PERFORMANCE INFORMATION</b></font> The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. The performance shown for periods following April 21, 2003, reflects the fees and expenses of Class L Shares (formerly named Institutional Shares), net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class L Shares reflects the historical performance of Berger Small Cap Value Fund &#8211; Institutional Shares (as a result of a prior reorganization of Berger Small Cap Value Fund &#8211; Institutional Shares into the Fund's Class L Shares).<br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund's performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsLargeCapValueFundClassDShares column period compact * ~</div> <b>Annual Total Returns for Class L Shares </b>(calendar year-end) <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter:&nbsp;&nbsp;</b>Second Quarter 2009&nbsp;&nbsp;<b>23.27%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst Quarter:&nbsp;&nbsp;</b>Third Quarter 2002<b>&nbsp;&nbsp;&#8722;22.47%</b> </div> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. <br /><br />The bar chart depicts the Fund&#8217;s performance during the period indicated. <b>Average Annual Total Returns </b>(periods ended 12/31/11) After-tax returns are calculated using distributions for the Fund's Class L Shares (formerly named Institutional Shares) for the periods following April 21, 2003 and for Berger Small Cap Value Fund &#8211; Institutional Shares for periods prior to April 21, 2003. If Class L Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsLargeCapValueFundClassDSharesBarChart column period compact * ~</div> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> 0.62 <i>Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.</i> The biggest risk is that the Fund&#8217;s returns will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. <br/><br/>The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>janus.com/advisor/mutual-funds</i> <i>1-877-335-2687</i> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsLargeCapValueFundClassDShares column period compact * ~</div> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. </i> The biggest risk is that the Fund&#8217;s returns and yields will vary, and you could lose money. 1 The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 6.38%. 2012-09-30 0.0638 <b>Best Quarter:</b> 2009-06-30 0.2327 <b>Worst Quarter:</b> 2002-09-30 -0.2247 719 329 176 127 125 151 1022 706 545 397 390 468 1346 1210 939 686 676 808 2263 2595 2041 1511 1489 1768 Class L Class L Shares Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 2000<sup>&#174;</sup> Value Index <b>Annual Total Returns for Class D Shares</b> (calendar year-end) <b>Class L Shares</b> 719 229 176 127 125 151 1022 706 545 397 390 468 1346 1210 939 686 676 808 2263 2595 2041 1511 1489 1768 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsSmallCapValueFundClassLShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsSmallCapValueFundClassLShares column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsSmallCapValueFundClassLSharesBarChart column period compact * ~</div> 0.0374 0.0374 0.0166 0.0273 0.0039 0.0784 0.0444 0.0928 0.0743 0.0697 0.0997 0.0551 0.0816 -0.0244 0.0179 0.0327 0.0329 0.0354 0.0908 0.0881 0.088 0.0827 0.0463 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 2010-07-30 <b>Class L Shares</b> <b>Class L Shares</b> -0.0006 -0.0015 <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsSmallCapValueFundClassLShares column period compact * ~</div> Class A Class C Class S Class I Class N Class T Class A Class C Class S Class I Class N Class T Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class T Shares Class A Shares Class C Shares Class S Shares Class I Shares Class N Shares Class T Shares Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes Return Before Taxes <b>Class I Shares</b> <b>Class I Shares</b> <b>Class I Shares</b> <b>Class A Shares</b> <b>Class C Shares</b> <b>Class S Shares</b> <b>Class N Shares</b> <b>Class T Shares</b> Value Income Index Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index Barclays U.S. Aggregate Bond Index <b><font style="FONT-VARIANT: small-caps; FONT-SIZE: 18pt">Fund summary</font></b><br/><br/><b><font style="FONT-SIZE: 16pt">Perkins Value Plus Income Fund</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> INVESTMENT OBJECTIVE</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> FEES AND EXPENSES OF THE FUND</font></b> <b>SHAREHOLDER FEES<br></b>(fees paid directly from your investment) <b>ANNUAL FUND OPERATING EXPENSES<br></b>(expenses that you pay each year as a percentage of the value of your investment) <b>Perkins Value Plus Income Fund </b>seeks capital appreciation and current income. This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund. <b>EXAMPLE:</b> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>The following Example is based on expenses without waivers.</b> The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <b>Portfolio Turnover: </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 100% of the average value of its portfolio. <b><font style="FONT-FAMILY: 'Times New Roman', Times"> PRINCIPAL INVESTMENT STRATEGIES</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> PRINCIPAL INVESTMENT RISKS</font></b> <b><font style="FONT-FAMILY: 'Times New Roman', Times"> PERFORMANCE INFORMATION</font></b> <b>Annual Total Returns for Class I Shares </b>(calendar year-end) <b>Average Annual Total Returns </b>(periods ended 12/31/11) The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares of the Fund commenced operations with the Fund&#8217;s inception.<ul type="square"><li style="margin-left:-20px"> The performance shown for Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares is calculated using the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class N Shares reflects the performance of the Fund&#8217;s Class I Shares, calculated using the fees and expenses of Class N Shares, without the effect of any fee and expense limitations or waivers. If Class N Shares of the Fund had been available during the periods shown, the performance may have been different.</li></ul>The bar chart depicts the Fund&#8217;s performance during the period indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund&#8217;s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <div style="TEXT-INDENT: -9pt; MARGIN-LEFT: 9pt"><b>Best Quarter: &nbsp;</b>Fourth Quarter 2011 &nbsp;<b>7.22%&nbsp; &nbsp; &nbsp; &nbsp; Worst Quarter: &nbsp;</b>Third Quarter 2011 <b> &#8722;7.73%</b></div> The Value Income Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index (50%) and the Barclays U.S. Aggregate Bond Index (50%).<br/><br/>After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br />After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The Fund pursues its investment objective by normally investing 40-60% of its assets in equity securities selected primarily for capital appreciation and investing the remainder in fixed-income securities and cash equivalents.<br/><br/> <i>Equity Securities. </i>The Fund&#8217;s equity investments generate total return from a combination of capital appreciation and, to a lesser degree, current income. Such equity investments may include companies of any size, but the Fund will invest primarily in large- and mid-sized companies whose stock prices the portfolio managers believe to be undervalued or have the potential for high relative dividend yields, or both. The Fund&#8217;s equity portfolio managers invest in companies which have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund&#8217;s equity portfolio managers generally look for companies with: <ul type="square"><li style="margin-left:-20px">strong balance sheets and solid recurring free cash flows </li> <li style="margin-left:-20px">attractive relative and absolute valuation ratios or that have underperformed recently</li> <li style="margin-left:-20px">favorable reward to risk characteristics</li></ul> <i>Fixed-Income Securities. </i>The Fund&#8217;s fixed-income investments generate total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund normally invests the portion of its assets allocated to fixed-income investments in debt securities (including, but not limited to, government bonds, corporate bonds, mortgage-backed securities, asset-backed securities, zero-coupon bonds, and bank loans), convertible securities, and short-term securities. The Fund invests at least 50% of the fixed-income portion of its assets in investment grade debt securities. The Fund will limit its investment in high-yield/high-risk bonds, also known as &#8220;junk&#8221; bonds, to 50% or less of the fixed-income portion of its net assets. <br/><br/> In addition to considering economic factors such as the effect of interest rates on the Fund&#8217;s fixed-income investments, the Fund&#8217;s fixed-income portfolio managers apply a &#8220;bottom up&#8221; approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund&#8217;s investment policies.<br/><br/> The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets.<br/><br/> The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options to enhance returns. The Fund&#8217;s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund&#8217;s use of derivatives, refer to the Fund&#8217;s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.<br/><br/> Janus Capital is primarily responsible for the overall asset allocation of the Fund and manages the Fund&#8217;s fixed-income investments. Cash positions are considered a part of the Fund&#8217;s fixed-income allocation and will be managed by the Fund&#8217;s fixed-income portfolio managers. Perkins manages the Fund&#8217;s equity investments and assists the adviser in determining the Fund&#8217;s overall asset allocation. The Fund may periodically adjust its mix of equity and fixed-income investments in response to changing economic and market conditions, including outside the range of 40-60% of its assets in equity securities. Due to the nature of the fixed-income securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds. The biggest risk is that the Fund&#8217;s returns and yields will vary, and you could lose money. The Fund is designed for long-term investors seeking a portfolio including common stocks and bonds selected for their potential to produce capital appreciation and current income. Common stocks tend to be more volatile than many other investment choices.<br/><br/> <b><i>Market Risk.</i></b> The value of the Fund&#8217;s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers&#8217; belief about a company&#8217;s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund&#8217;s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money. <br/><br/> <b><i>Value Investing Risk.</i></b> Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, &#8220;value&#8221; stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund&#8217;s equity portfolio managers.<br/><br/> <b><i>Mid-Sized Companies Risk.</i></b> The Fund&#8217;s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.<br/><br/> <b><i>Fixed-Income Securities Risk.</i></b> The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund&#8217;s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.<br/><br/> <b><i>Mortgage-Backed Securities Risk.</i></b> Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund&#8217;s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.<br/><br/> <b><i>High-Yield/High-Risk Bond Risk.</i></b> High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.<br/><br/> <b><i>Bank Loan Risk.</i></b> Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund&#8217;s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.<br/><br/> <b><i>Real Estate Risk.</i></b> The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund&#8217;s investments in foreign real estate markets differently than U.S. real estate markets.<br/><br/> <b><i>Foreign Exposure Risk.</i></b> The Fund may have significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund&#8217;s performance than it would in a more geographically diversified portfolio. The Fund&#8217;s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.<br/><br/> <b><i>Derivatives Risk.</i></b> Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative&#8217;s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund&#8217;s losses are theoretically unlimited.<br/><br/> <b><i>Allocation Risk.</i></b> The Fund&#8217;s ability to achieve its investment objective depends largely upon the allocation of assets among the equity and fixed asset categories. You could lose money on your investment in the Fund as a result of these allocations. Portfolio management may favor an asset category that underperforms relative to other asset categories. For example, the Fund may be overweighted in equity securities when the stock market is falling and the fixed-income market is rising. Additionally, periodic rebalancing of Fund assets among asset categories may result in increased transaction costs, which may have a negative effect on the Fund&#8217;s performance.<br/><br/> <b><i>Portfolio Turnover Risk.</i></b> Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund&#8217;s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.<br/><br/> <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> November&nbsp;1, 2013 1 The biggest risk is that the Fund&#8217;s returns and yields will vary, and you could lose money. <i>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> The following information provides some indication of the risks of investing in the Fund by showing how the Fund&#8217;s performance has varied over time. <br/><br/>The bar chart depicts the Fund&#8217;s performance during the period indicated. The table compares the Fund&#8217;s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. <i>1-877-335-2687</i> <i>janus.com/advisor/mutual-funds</i> <i>The Fund&#8217;s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i> The Fund&#8217;s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.53%. 2012-09-30 0.1053 <b>Best Quarter:</b> 2011-12-31 0.0722 <b>Worst Quarter:</b> 2011-09-30 -0.0773 After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <i>Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesPerkinsValuePlusIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesPerkinsValuePlusIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsPerkinsValuePlusIncomeFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedPerkinsValuePlusIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedPerkinsValuePlusIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedPerkinsValuePlusIncomeFund column period compact * ~</div> -0.0048 -0.0049 -0.0046 -0.0048 -0.0046 -0.0046 <b>Class D Shares</b> <b>Class D Shares</b> <b>Class D Shares</b> Class D Class D Shares November 1, 2013 Class C Class A Class S Class I Class R Class N Class T Russell 2000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index Class D Shares Class D Class L Class L Shares <b>Class L Shares</b> <b>Class L Shares</b> <b>Class L Shares</b> If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <b>If Shares are redeemed:</b> <b>If Shares are not redeemed:</b> After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. November 1, 2013 0.0107 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusGrowthAllocationFundClassDShares column period compact * ~</div> 0.0069 2008-12-31 <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusShort-TermBondFund column period compact * ~</div> Capital appreciation is a secondary investment objective when consistent with its primary investment objective. For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the &#8220;Purchases&#8221; section on page 60 of the Fund&#8217;s Prospectus and in the &#8220;Purchases&#8221; section on page 83 of the Fund&#8217;s Statement of Additional Information. 50000 November 1, 2013 If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. 50000 If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.<br/><br/>After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares of the Fund commenced operations with the Fund's inception.<ul type="square"><li style="margin-left:-20px">The performance shown for Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares is calculated using the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.</li><li style="margin-left:-20px">The performance shown for Class N Shares reflects the performance of the Fund's Class I Shares, calculated using the fees and expenses of Class N Shares, without the effect of any fee and expense limitations or waivers. If Class N Shares of the Fund had been available during the periods shown, the performance may have been different.</li></ul>The bar chart depicts the Fund's performance during the period indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund's average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund's performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.<br/><br/><i>The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.</i> If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund&#8217;s other return figures. <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedINTECHInternationalFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesINTECHInternationalFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesINTECHInternationalFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedINTECHInternationalFund column period compact * ~</div> <b>Average Annual Total Returns</b> (periods ended 12/31/11) <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesINTECHU.S.GrowthFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesINTECHU.S.GrowthFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsINTECHInternationalFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedINTECHU.S.GrowthFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedINTECHU.S.GrowthFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsINTECHU.S.GrowthFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedINTECHU.S.GrowthFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesJanusWorldAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusWorldAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedJanusWorldAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesINTECHU.S.ValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedJanusWorldAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsJanusWorldAllocationFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleTransposedINTECHU.S.ValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedJanusWorldAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleExpenseExampleNoRedemptionTransposedINTECHU.S.ValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualTotalReturnsINTECHU.S.ValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedINTECHU.S.ValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAverageAnnualTotalReturnsTransposedINTECHInternationalFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleShareholderFeesINTECHU.S.ValueFund column period compact * ~</div> <div style="display:none">~ http://www.janus.com/role/ScheduleAnnualFundOperatingExpensesJanusConservativeAllocationFund column period compact * ~</div> After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes. 2008-12-31 2008-12-31 2008-12-31 2008-12-31 2008-12-31 2008-12-31 2008-12-31 2008-12-31 2008-12-31 0 0 The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. Other Expenses are based on the estimated expenses that the Fund expects to incur. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. Calculated assuming maximum permitted sales loads. The one year return is calculated to include the contingent deferred sales charge. Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any expenses of an underlying fund (acquired fund fees and expenses), the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; and extraordinary expenses) to 0.45% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. Other Expenses for Class A Shares and Class N Shares are based on the estimated expenses that the Shares expect to incur. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 28, 2010) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.55% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.55% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. Other Expenses are based on the estimated expenses that the Fund expects to incur. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (May 13, 2011) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. Calculated assuming maximum permitted sales loads. The one year return is calculated to include the contingent deferred sales charge. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 28, 2010) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. Calculated assuming maximum permitted sales loads. The one year return is calculated to include the contingent deferred sales charge. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.50% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 15, 2011), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.50% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 15, 2011), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, Class S Shares, and Class R Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.86% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (May 13, 2011) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (July 30, 2010), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures. Calculated assuming maximum permitted sales loads. The one year return is calculated to include the contingent deferred sales charge. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, Class S Shares, and Class R Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.96% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (July 30, 2010), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit. Fund returns for periods prior to the Fund's adoption of share classes reflect a 0.25% 12b-1 fee, which has not been paid by the Class L Shares (formerly named Institutional Shares) since the class commenced investment operations on May 17, 2002. 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Disclosure - Risk/Return Detail Data {Elements} - Janus Money Market Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000201 - Document - Risk/Return Summary {Unlabeled} - Janus Government Money Market Fund Class T Shares link:presentationLink link:calculationLink link:definitionLink 000202 - Schedule - Shareholder Fees {- Janus Government Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000203 - Schedule - Annual Fund Operating Expenses {- Janus Government Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000204 - Schedule - Expense Example {Transposed} {- Janus Government Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000205 - Schedule - Expense Example, No Redemption {Transposed} {- Janus Government Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000206 - Schedule - Annual Total Returns - Janus Government Money Market Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000207 - Schedule - Average Annual Total Returns {Transposed} {- Janus Government Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000208 - Document - Risk/Return Detail {Unlabeled} - Janus Government Money Market Fund link:presentationLink link:calculationLink link:definitionLink 000209 - Disclosure - Risk/Return Detail Data {Elements} - Janus Government Money Market Fund Class T Shares link:presentationLink link:calculationLink link:definitionLink 000211 - Document - Risk/Return Summary {Unlabeled} - Janus Money Market Fund Class T Shares link:presentationLink link:calculationLink link:definitionLink 000212 - Schedule - Shareholder Fees {- Janus Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000213 - Schedule - Annual Fund Operating Expenses {- Janus Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000214 - Schedule - Expense Example {Transposed} {- Janus Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000215 - Schedule - Expense Example, No Redemption {Transposed} {- Janus Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000216 - Schedule - Annual Total Returns - Janus Money Market Fund Class T Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000217 - Schedule - Average Annual Total Returns {Transposed} {- Janus Money Market Fund Class T Shares} link:presentationLink link:calculationLink link:definitionLink 000218 - Document - Risk/Return Detail {Unlabeled} - Janus Money Market Fund Class T Shares link:presentationLink link:calculationLink link:definitionLink 000219 - Disclosure - Risk/Return Detail Data {Elements} - Janus Money Market Fund Class T Shares link:presentationLink link:calculationLink link:definitionLink 000221 - Document - Risk/Return Summary {Unlabeled} - INTECH Global Dividend Fund link:presentationLink link:calculationLink link:definitionLink 000222 - Schedule - Shareholder Fees {- INTECH Global Dividend Fund} link:presentationLink link:calculationLink link:definitionLink 000223 - Schedule - Annual Fund Operating Expenses {- INTECH Global Dividend Fund} link:presentationLink link:calculationLink link:definitionLink 000224 - Schedule - Expense Example {Transposed} {- INTECH Global Dividend Fund} link:presentationLink link:calculationLink link:definitionLink 000225 - Schedule - Expense Example, No Redemption {Transposed} {- INTECH Global Dividend Fund} link:presentationLink link:calculationLink link:definitionLink 000226 - Schedule - Annual Total Returns - INTECH Global Dividend Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000227 - Schedule - Average Annual Total Returns {Transposed} {- INTECH Global Dividend Fund} link:presentationLink link:calculationLink link:definitionLink 000228 - Document - Risk/Return Detail {Unlabeled} - INTECH Global Dividend Fund link:presentationLink link:calculationLink link:definitionLink 000229 - Disclosure - Risk/Return Detail Data {Elements} - INTECH Global Dividend Fund link:presentationLink link:calculationLink link:definitionLink 000231 - Document - Risk/Return Summary {Unlabeled} - INTECH International Fund link:presentationLink link:calculationLink link:definitionLink 000232 - Schedule - Shareholder Fees {- INTECH International Fund} link:presentationLink link:calculationLink link:definitionLink 000233 - Schedule - Annual Fund Operating Expenses {- INTECH International Fund} link:presentationLink link:calculationLink link:definitionLink 000234 - Schedule - Expense Example {Transposed} {- INTECH International Fund} link:presentationLink link:calculationLink link:definitionLink 000235 - Schedule - Expense Example, No Redemption {Transposed} {- INTECH International Fund} link:presentationLink link:calculationLink link:definitionLink 000236 - Schedule - Annual Total Returns - INTECH International Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000237 - Schedule - Average Annual Total Returns {Transposed} {- INTECH International Fund} link:presentationLink link:calculationLink link:definitionLink 000238 - Document - Risk/Return Detail {Unlabeled} - INTECH International Fund link:presentationLink link:calculationLink link:definitionLink 000239 - Disclosure - Risk/Return Detail Data {Elements} - INTECH International Fund link:presentationLink link:calculationLink link:definitionLink 000241 - Document - Risk/Return Summary {Unlabeled} - INTECH U.S. Core Fund link:presentationLink link:calculationLink link:definitionLink 000242 - Schedule - Shareholder Fees {- INTECH U.S. Core Fund} link:presentationLink link:calculationLink link:definitionLink 000243 - Schedule - Annual Fund Operating Expenses {- INTECH U.S. Core Fund} link:presentationLink link:calculationLink link:definitionLink 000244 - Schedule - Expense Example {Transposed} {- INTECH U.S. Core Fund} link:presentationLink link:calculationLink link:definitionLink 000245 - Schedule - Expense Example, No Redemption {Transposed} {- INTECH U.S. Core Fund} link:presentationLink link:calculationLink link:definitionLink 000246 - Schedule - Annual Total Returns - INTECH U.S. Core Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000247 - Schedule - Average Annual Total Returns {Transposed} {- INTECH U.S. Core Fund} link:presentationLink link:calculationLink link:definitionLink 000248 - Document - Risk/Return Detail {Unlabeled} - INTECH U.S. Core Fund link:presentationLink link:calculationLink link:definitionLink 000249 - Disclosure - Risk/Return Detail Data {Elements} - INTECH U.S. Core Fund link:presentationLink link:calculationLink link:definitionLink 000251 - Document - Risk/Return Summary {Unlabeled} - INTECH U.S. Growth Fund link:presentationLink link:calculationLink link:definitionLink 000252 - Schedule - Shareholder Fees {- INTECH U.S. Growth Fund} link:presentationLink link:calculationLink link:definitionLink 000253 - Schedule - Annual Fund Operating Expenses {- INTECH U.S. Growth Fund} link:presentationLink link:calculationLink link:definitionLink 000254 - Schedule - Expense Example {Transposed} {- INTECH U.S. Growth Fund} link:presentationLink link:calculationLink link:definitionLink 000255 - Schedule - Expense Example, No Redemption {Transposed} {- INTECH U.S. Growth Fund} link:presentationLink link:calculationLink link:definitionLink 000256 - Schedule - Annual Total Returns - INTECH U.S. Growth Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000257 - Schedule - Average Annual Total Returns {Transposed} {- INTECH U.S. Growth Fund} link:presentationLink link:calculationLink link:definitionLink 000258 - Document - Risk/Return Detail {Unlabeled} - INTECH U.S. Growth Fund link:presentationLink link:calculationLink link:definitionLink 000259 - Disclosure - Risk/Return Detail Data {Elements} - INTECH U.S. Growth Fund link:presentationLink link:calculationLink link:definitionLink 000261 - Document - Risk/Return Summary {Unlabeled} - INTECH U.S. Value Fund link:presentationLink link:calculationLink link:definitionLink 000262 - Schedule - Shareholder Fees {- INTECH U.S. Value Fund} link:presentationLink link:calculationLink link:definitionLink 000263 - Schedule - Annual Fund Operating Expenses {- INTECH U.S. Value Fund} link:presentationLink link:calculationLink link:definitionLink 000264 - Schedule - Expense Example {Transposed} {- INTECH U.S. Value Fund} link:presentationLink link:calculationLink link:definitionLink 000265 - Schedule - Expense Example, No Redemption {Transposed} {- INTECH U.S. Value Fund} link:presentationLink link:calculationLink link:definitionLink 000266 - Schedule - Annual Total Returns - INTECH U.S. Value Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000267 - Schedule - Average Annual Total Returns {Transposed} {- INTECH U.S. Value Fund} link:presentationLink link:calculationLink link:definitionLink 000268 - Document - Risk/Return Detail {Unlabeled} - INTECH U.S. Value Fund link:presentationLink link:calculationLink link:definitionLink 000269 - Disclosure - Risk/Return Detail Data {Elements} - INTECH U.S. Value Fund link:presentationLink link:calculationLink link:definitionLink 000271 - Document - Risk/Return Summary {Unlabeled} - INTECH Global Dividend Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000272 - Schedule - Shareholder Fees {- INTECH Global Dividend Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000273 - Schedule - Annual Fund Operating Expenses {- INTECH Global Dividend Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000274 - Schedule - Expense Example {Transposed} {- INTECH Global Dividend Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000275 - Schedule - Expense Example, No Redemption {Transposed} {- INTECH Global Dividend Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000276 - Schedule - Annual Total Returns - INTECH Global Dividend Fund Class D Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000277 - Schedule - Average Annual Total Returns {Transposed} {- INTECH Global Dividend Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000278 - Document - Risk/Return Detail {Unlabeled} - INTECH Global Dividend Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000279 - Disclosure - Risk/Return Detail Data {Elements} - INTECH Global Dividend Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000281 - Document - Risk/Return Summary {Unlabeled} - INTECH U.S. Core Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000282 - Schedule - Shareholder Fees {- INTECH U.S. Core Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000283 - Schedule - Annual Fund Operating Expenses {- INTECH U.S. Core Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000284 - Schedule - Expense Example {Transposed} {- INTECH U.S. Core Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000285 - Schedule - Expense Example, No Redemption {Transposed} {- INTECH U.S. Core Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000286 - Schedule - Annual Total Returns - INTECH U.S. Core Fund Class D Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000287 - Schedule - Average Annual Total Returns {Transposed} {- INTECH U.S. Core Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000288 - Document - Risk/Return Detail {Unlabeled} - INTECH U.S. Core Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000289 - Disclosure - Risk/Return Detail Data {Elements} - INTECH U.S. Core Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000291 - Document - Risk/Return Summary {Unlabeled} - Perkins Large Cap Value Fund link:presentationLink link:calculationLink link:definitionLink 000292 - Schedule - Shareholder Fees {- Perkins Large Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000293 - Schedule - Annual Fund Operating Expenses {- Perkins Large Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000294 - Schedule - Expense Example {Transposed} {- Perkins Large Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000295 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Large Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000296 - Schedule - Annual Total Returns - Perkins Large Cap Value Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000297 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Large Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000298 - Document - Risk/Return Detail {Unlabeled} - Perkins Large Cap Value Fund link:presentationLink link:calculationLink link:definitionLink 000299 - Disclosure - Risk/Return Detail Data {Elements} - Perkins Large Cap Value Fund link:presentationLink link:calculationLink link:definitionLink 000301 - Document - Risk/Return Summary {Unlabeled} - Perkins Mid Cap Value Fund link:presentationLink link:calculationLink link:definitionLink 000302 - Schedule - Shareholder Fees {- Perkins Mid Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000303 - Schedule - Annual Fund Operating Expenses {- Perkins Mid Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000304 - Schedule - Expense Example {Transposed} {- Perkins Mid Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000305 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Mid Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000306 - Schedule - Annual Total Returns - Perkins Mid Cap Value Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000307 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Mid Cap Value Fund} link:presentationLink link:calculationLink link:definitionLink 000308 - Document - Risk/Return Detail {Unlabeled} - Perkins Mid Cap Value Fund link:presentationLink link:calculationLink link:definitionLink 000309 - Disclosure - Risk/Return Detail Data {Elements} - Perkins Mid Cap Value Fund link:presentationLink link:calculationLink link:definitionLink 000311 - Document - Risk/Return Summary {Unlabeled} - Perkins Select Value Fund link:presentationLink link:calculationLink link:definitionLink 000312 - Schedule - Shareholder Fees {- Perkins Select Value Fund} link:presentationLink link:calculationLink link:definitionLink 000313 - Schedule - Annual Fund Operating Expenses {- Perkins Select Value Fund} link:presentationLink link:calculationLink link:definitionLink 000314 - Schedule - Expense Example {Transposed} {- Perkins Select Value Fund} link:presentationLink link:calculationLink link:definitionLink 000315 - 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Document - Risk/Return Summary {Unlabeled} - Perkins Value Plus Income Fund link:presentationLink link:calculationLink link:definitionLink 000332 - Schedule - Shareholder Fees {- Perkins Value Plus Income Fund} link:presentationLink link:calculationLink link:definitionLink 000333 - Schedule - Annual Fund Operating Expenses {- Perkins Value Plus Income Fund} link:presentationLink link:calculationLink link:definitionLink 000334 - Schedule - Expense Example {Transposed} {- Perkins Value Plus Income Fund} link:presentationLink link:calculationLink link:definitionLink 000335 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Value Plus Income Fund} link:presentationLink link:calculationLink link:definitionLink 000336 - Schedule - Annual Total Returns - Perkins Value Plus Income Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000337 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Value Plus Income Fund} link:presentationLink link:calculationLink link:definitionLink 000338 - Document - Risk/Return Detail {Unlabeled} - Perkins Value Plus Income Fund link:presentationLink link:calculationLink link:definitionLink 000339 - Disclosure - Risk/Return Detail Data {Elements} - Perkins Value Plus Income Fund link:presentationLink link:calculationLink link:definitionLink 000341 - Document - Risk/Return Summary {Unlabeled} - Perkins Large Cap Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000342 - Schedule - Shareholder Fees {- Perkins Large Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000343 - Schedule - Annual Fund Operating Expenses {- Perkins Large Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000344 - Schedule - Expense Example {Transposed} {- Perkins Large Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000345 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Large Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000346 - Schedule - Annual Total Returns - Perkins Large Cap Value Fund Class D Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000347 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Large Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000348 - Document - Risk/Return Detail {Unlabeled} - Perkins Large Cap Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000349 - Disclosure - Risk/Return Detail Data {Elements} - Perkins Large Cap Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000351 - Document - Risk/Return Summary {Unlabeled} - Perkins Mid Cap Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000352 - Schedule - Shareholder Fees {- Perkins Mid Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000353 - Schedule - Annual Fund Operating Expenses {- Perkins Mid Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000354 - Schedule - Expense Example {Transposed} {- Perkins Mid Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000355 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Mid Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000356 - Schedule - Annual Total Returns - Perkins Mid Cap Value Fund Class D Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000357 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Mid Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000358 - Document - Risk/Return Detail {Unlabeled} - Perkins Mid Cap Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000359 - Disclosure - Risk/Return Detail Data {Elements} - Perkins Mid Cap Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000361 - Document - Risk/Return Summary {Unlabeled} - Perkins Select Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000362 - Schedule - Shareholder Fees {- Perkins Select Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000363 - Schedule - Annual Fund Operating Expenses {- Perkins Select Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000364 - Schedule - Expense Example {Transposed} {- Perkins Select Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000365 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Select Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000366 - Schedule - Annual Total Returns - Perkins Select Value Fund Class D Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000367 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Select Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000368 - 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Schedule - Annual Total Returns - Perkins Small Cap Value Fund Class D Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000377 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Small Cap Value Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000378 - Document - Risk/Return Detail {Unlabeled} - Perkins Small Cap Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000379 - Disclosure - Risk/Return Detail Data {Elements} - Perkins Small Cap Value Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000381 - Document - Risk/Return Summary {Unlabeled} - Perkins Value Plus Income Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000382 - Schedule - Shareholder Fees {- Perkins Value Plus Income Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000383 - Schedule - Annual Fund Operating Expenses {- Perkins Value Plus Income Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000384 - Schedule - Expense Example {Transposed} {- Perkins Value Plus Income Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000385 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Value Plus Income Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000386 - Schedule - Annual Total Returns - Perkins Value Plus Income Fund Class D Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000387 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Value Plus Income Fund Class D Shares} link:presentationLink link:calculationLink link:definitionLink 000388 - Document - Risk/Return Detail {Unlabeled} - Perkins Value Plus Income Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000389 - Disclosure - Risk/Return Detail Data {Elements} - Perkins Value Plus Income Fund Class D Shares link:presentationLink link:calculationLink link:definitionLink 000391 - Document - Risk/Return Summary {Unlabeled} - Perkins Mid Cap Value Fund Class L Shares link:presentationLink link:calculationLink link:definitionLink 000392 - Schedule - Shareholder Fees {- Perkins Mid Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000393 - Schedule - Annual Fund Operating Expenses {- Perkins Mid Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000394 - Schedule - Expense Example {Transposed} {- Perkins Mid Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000395 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Mid Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000396 - Schedule - Annual Total Returns - Perkins Mid Cap Value Fund Class L Shares [BarChart] link:presentationLink link:calculationLink link:definitionLink 000397 - Schedule - Average Annual Total Returns {Transposed} {- Perkins Mid Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000398 - Document - Risk/Return Detail {Unlabeled} - Perkins Mid Cap Value Fund Class L Shares link:presentationLink link:calculationLink link:definitionLink 000399 - Disclosure - Risk/Return Detail Data {Elements} - Perkins Mid Cap Value Fund Class L Shares link:presentationLink link:calculationLink link:definitionLink 000401 - Document - Risk/Return Summary {Unlabeled} - Perkins Small Cap Value Fund Class L Shares link:presentationLink link:calculationLink link:definitionLink 000402 - Schedule - Shareholder Fees {- Perkins Small Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000403 - Schedule - Annual Fund Operating Expenses {- Perkins Small Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000404 - Schedule - Expense Example {Transposed} {- Perkins Small Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000405 - Schedule - Expense Example, No Redemption {Transposed} {- Perkins Small Cap Value Fund Class L Shares} link:presentationLink link:calculationLink link:definitionLink 000406 - 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INTECH Global Dividend Fund | Class A, C, S, I, T Shares
Fund summary

INTECH Global Dividend Fund
INVESTMENT OBJECTIVE
INTECH Global Dividend Fund seeks long-term growth of capital and income.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 46 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees INTECH Global Dividend Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text]
Class A
Class C
Class S
Class I
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses INTECH Global Dividend Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text]
Class A
Class C
Class S
Class I
Class T
Management Fees 0.55% 0.55% 0.55% 0.55% 0.55%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses 4.78% 4.78% 5.04% 4.52% 4.98%
Total Annual Fund Operating Expenses [1] 5.58% 6.33% 5.84% 5.07% 5.53%
Fee Waiver [1] 4.81% 4.81% 4.82% 4.55% 4.76%
Total Annual Fund Operating Expenses After Fee Waiver [1] 0.77% 1.52% 1.02% 0.52% 0.77%
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.50% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 15, 2011), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example INTECH Global Dividend Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
1,099 2,139 3,167 5,684
Class C
Class C Shares
729 1,861 3,061 5,925
Class S
Class S Shares
582 1,730 2,859 5,600
Class I
Class I Shares
507 1,519 2,531 5,052
Class T
Class T Shares
552 1,646 2,729 5,386
If Shares are not redeemed:
Expense Example, No Redemption INTECH Global Dividend Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
1,099 2,139 3,167 5,684
Class C
Class C Shares
629 1,861 3,061 5,925
Class S
Class S Shares
582 1,730 2,859 5,600
Class I
Class I Shares
507 1,519 2,531 5,052
Class T
Class T Shares
552 1,646 2,729 5,386
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the period December 15, 2011 to June 30, 2012, the Fund’s portfolio turnover rate was 24% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund invests, under normal circumstances, at least 80% of its net assets in dividend-paying securities. The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (“MSCI”) World High Dividend Yield Index, utilizing INTECH’s mathematical investment process. The MSCI World High Dividend Yield Index is designed to reflect the performance of the high dividend yield securities contained within the broader MSCI World Indexsm. The Fund may also invest in foreign equity and debt securities.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Dividend Risk. Companies that issue dividend-yielding securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
XML 10 R239.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Mid Cap Value Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Mid Cap Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Mid Cap Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 54% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 54.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  •  strong balance sheets and solid recurring free cash flows
  •  attractive relative and absolute valuation ratios or that have underperformed recently
  •  favorable reward to risk characteristics
The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares (formerly named Investor Shares). For the periods prior to April 21, 2003, the performance shown for Class D Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s Class J Shares). If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2003  17.17%          Worst Quarter:  Fourth Quarter 2008  −19.63%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.11%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; for the Fund’s Class J Shares (formerly named Investor Shares) for the period April 21, 2003 to February 16, 2010; and for Berger Mid Cap Value Fund – Investor Shares for periods prior to April 21, 2003. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Perkins Mid Cap Value Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Other Expenses rr_OtherExpensesOverAssets 0.20%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.74%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
1 Year rr_ExpenseExampleYear01 76
3 Years rr_ExpenseExampleYear03 237
5 Years rr_ExpenseExampleYear05 411
10 Years rr_ExpenseExampleYear10 918
2002 rr_AnnualReturn2002 (13.09%)
2003 rr_AnnualReturn2003 39.33%
2004 rr_AnnualReturn2004 18.36%
2005 rr_AnnualReturn2005 10.36%
2006 rr_AnnualReturn2006 15.25%
2007 rr_AnnualReturn2007 7.43%
2008 rr_AnnualReturn2008 (27.33%)
2009 rr_AnnualReturn2009 30.37%
2010 rr_AnnualReturn2010 14.91%
2011 rr_AnnualReturn2011 (2.42%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 9.11%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.17%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (19.63%)
Perkins Mid Cap Value Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.42%)
5 Years rr_AverageAnnualReturnYear05 2.68%
10 Years rr_AverageAnnualReturnYear10 7.60%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.78%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class D Shares | Return After Taxes on Distributions | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (3.77%)
5 Years rr_AverageAnnualReturnYear05 1.67%
10 Years rr_AverageAnnualReturnYear10 6.50%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 10.32%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [1]
1 Year rr_AverageAnnualReturnYear01 (0.08%)
5 Years rr_AverageAnnualReturnYear05 2.08%
10 Years rr_AverageAnnualReturnYear10 6.36%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 9.96%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class D Shares | Russell Midcap Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell Midcap® Value Index
1 Year rr_AverageAnnualReturnYear01 (1.38%)
5 Years rr_AverageAnnualReturnYear05 0.04%
10 Years rr_AverageAnnualReturnYear10 7.67%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 7.70%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
XML 11 R124.htm IDEA: XBRL DOCUMENT v2.4.0.6
Janus Money Market Fund | Class D Shares
Fund summary

Janus Money Market Fund
INVESTMENT OBJECTIVES
Janus Money Market Fund seeks capital preservation and liquidity
with current income as a secondary objective.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Janus Money Market Fund
Class D Shares
Class D
Operating Expenses Column [Text] Class D
Management Fees 0.20%
Other Expenses 0.47%
Total Annual Fund Operating Expenses 0.67%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Janus Money Market Fund Class D Shares Class D
Class D Shares 68 214 373 835
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objectives by investing primarily in high quality debt obligations and obligations of financial institutions. Debt obligations may include commercial paper, notes and bonds, and variable amount master demand notes. Obligations of financial institutions include certificates of deposit and time deposits. The Fund also intends to invest in repurchase agreements including those secured by U.S. Government agencies. Some government agencies backed by the full faith and credit of the United States are supported by the issuer’s ability to borrow from the United States Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way.

The Fund will:
  • invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital
  • invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397 days or less (as calculated pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended)
  • maintain a dollar-weighted average portfolio maturity of 60 days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120 days or less
PRINCIPAL INVESTMENT RISKS
Market Risk. The Fund’s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund’s yield. Over time, the real value of the Fund’s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer’s actual or perceived creditworthiness, or an issuer’s ability to meet its obligations. The credit quality of the Fund’s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund’s share price or yield to fall.

Collateral Risk. With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to financial services, mortgage markets, and government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.

Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund’s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Fourth Quarter 2006  1.23%          Worst Quarter:  Third Quarter 2011  0.00%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns
Column
Label
1 Year
5 Years
10 Years
Since Inception
Inception Date
Janus Money Market Fund Class D Shares Class D Return Before Taxes
Class D Shares Return Before Taxes 0.01% 1.39% 1.73% 3.08% Feb. 14, 1995
The 7-day yield on December 31, 2011 was 0.01% for Janus Money Market Fund.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
INTECH International Fund | Class A, C, S, I, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

INTECH International Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock INTECH International Fund seeks long-term growth of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 140% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 140.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 46 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (“MSCI”) EAFE® (Europe, Australasia, Far East) Index, utilizing INTECH’s mathematical investment process. The MSCI EAFE® Index is an MSCI index that is designed to measure the performance of the developed markets of Europe, Australasia, and the Far East. The Fund may also invest in foreign equity and debt securities.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed International Fund (“JAD predecessor fund”) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares, and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers.
If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  22.50%        Worst Quarter:  Third Quarter 2008 −20.70%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.64%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
INTECH International Fund | Class A, C, S, I, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.62%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.42% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.16% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.26% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 711
3 Years rr_ExpenseExampleYear03 998
5 Years rr_ExpenseExampleYear05 1,307
10 Years rr_ExpenseExampleYear10 2,179
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 711
3 Years rr_ExpenseExampleNoRedemptionYear03 998
5 Years rr_ExpenseExampleNoRedemptionYear05 1,307
10 Years rr_ExpenseExampleNoRedemptionYear10 2,179
INTECH International Fund | Class A, C, S, I, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.70%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.25% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.24% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 2.01% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 328
3 Years rr_ExpenseExampleYear03 703
5 Years rr_ExpenseExampleYear05 1,205
10 Years rr_ExpenseExampleYear10 2,585
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 228
3 Years rr_ExpenseExampleNoRedemptionYear03 703
5 Years rr_ExpenseExampleNoRedemptionYear05 1,205
10 Years rr_ExpenseExampleNoRedemptionYear10 2,585
INTECH International Fund | Class A, C, S, I, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.86%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.66% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.15% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.51% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 169
3 Years rr_ExpenseExampleYear03 523
5 Years rr_ExpenseExampleYear05 902
10 Years rr_ExpenseExampleYear10 1,965
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 169
3 Years rr_ExpenseExampleNoRedemptionYear03 523
5 Years rr_ExpenseExampleNoRedemptionYear05 902
10 Years rr_ExpenseExampleNoRedemptionYear10 1,965
INTECH International Fund | Class A, C, S, I, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.58%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.13% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.12% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.01% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 115
3 Years rr_ExpenseExampleYear03 359
5 Years rr_ExpenseExampleYear05 622
10 Years rr_ExpenseExampleYear10 1,375
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 115
3 Years rr_ExpenseExampleNoRedemptionYear03 359
5 Years rr_ExpenseExampleNoRedemptionYear05 622
10 Years rr_ExpenseExampleNoRedemptionYear10 1,375
2008 rr_AnnualReturn2008 (41.75%)
2009 rr_AnnualReturn2009 25.53%
2010 rr_AnnualReturn2010 9.76%
2011 rr_AnnualReturn2011 (13.48%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.64%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 22.50%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.70%)
INTECH International Fund | Class A, C, S, I, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.86%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.41% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.15% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.26% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 144
3 Years rr_ExpenseExampleYear03 446
5 Years rr_ExpenseExampleYear05 771
10 Years rr_ExpenseExampleYear10 1,691
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 144
3 Years rr_ExpenseExampleNoRedemptionYear03 446
5 Years rr_ExpenseExampleNoRedemptionYear05 771
10 Years rr_ExpenseExampleNoRedemptionYear10 1,691
INTECH International Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class A Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [2]
1 Year rr_AverageAnnualReturnYear01 (18.40%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception (7.88%)
Inception Date rr_AverageAnnualReturnInceptionDate May 02, 2007
INTECH International Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class C Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [3]
1 Year rr_AverageAnnualReturnYear01 (14.54%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception (7.00%)
Inception Date rr_AverageAnnualReturnInceptionDate May 02, 2007
INTECH International Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class S Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (13.42%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception (6.78%)
Inception Date rr_AverageAnnualReturnInceptionDate May 02, 2007
INTECH International Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (13.48%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception (6.68%)
Inception Date rr_AverageAnnualReturnInceptionDate May 02, 2007
INTECH International Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (13.57%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception (8.16%)
Inception Date rr_AverageAnnualReturnInceptionDate May 02, 2007
INTECH International Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (13.63%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception (6.83%)
Inception Date rr_AverageAnnualReturnInceptionDate May 02, 2007
INTECH International Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [4]
1 Year rr_AverageAnnualReturnYear01 (8.62%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception (5.43%)
Inception Date rr_AverageAnnualReturnInceptionDate May 02, 2007
INTECH International Fund | Class A, C, S, I, T Shares | MSCI EAFE Index (net of foreign withholding taxes) (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel MSCI EAFE® Index (net of foreign withholding taxes)
1 Year rr_AverageAnnualReturnYear01 (12.14%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception (6.74%)
Inception Date rr_AverageAnnualReturnInceptionDate May 02, 2007
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
[4] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Janus Government Money Market Fund | Class D Shares
Fund summary

Janus Government Money Market Fund
INVESTMENT OBJECTIVES
Janus Government Money Market Fund seeks capital preservation and liquidity
with current income as a secondary objective.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Janus Government Money Market Fund
Class D Shares
Class D
Operating Expenses Column [Text]
Class D
Management Fees 0.20%
Other Expenses 0.49%
Total Annual Fund Operating Expenses 0.69%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Janus Government Money Market Fund Class D Shares Class D
Class D Shares
70 221 384 859
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objectives by investing exclusively in obligations issued and/or guaranteed as to principal and interest by the United States Government or by its agencies and instrumentalities, and repurchase agreements secured by such obligations. Although U.S. Government agencies and instrumentalities may be chartered or sponsored by Acts of Congress, their securities are not issued by, and may not be guaranteed by (i.e., backed by the full faith and credit of), the United States Treasury. Some government agency and instrumentality securities not backed by the full faith and credit of the United States are supported by the issuer’s ability to borrow from the U.S. Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way. For securities not backed by the full faith and credit of the U.S. Treasury, the Fund must look principally to the agency or instrumentality issuing or guaranteeing the securities for repayment and may not be able to assert a claim against the United States if the agency or instrumentality does not meet its commitment. The Fund’s investments in securities issued by U.S. Government agencies and instrumentalities may be significant.

The Fund will:
  • invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital
  • invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397 days or less (as calculated pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended)
  • maintain a dollar-weighted average portfolio maturity of 60 days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120 days or less
PRINCIPAL INVESTMENT RISKS
Market Risk. The Fund’s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund’s yield. Over time, the real value of the Fund’s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer’s actual or perceived creditworthiness, or an issuer’s ability to meet its obligations. The credit quality of the Fund’s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund’s share price or yield to fall.

Collateral Risk. With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.

Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund’s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Fourth Quarter 2006  1.21%          Worst Quarter:  Third Quarter 2011  0.00%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns
Column
Label
1 Year
5 Years
10 Years
Since Inception
Inception Date
Janus Government Money Market Fund Class D Shares Class D Return Before Taxes
Class D Shares
Return Before Taxes
none 1.29% 1.64% 2.99% Feb. 14, 1995
The 7-day yield on December 31, 2011 was 0.00% for Janus Government Money Market Fund.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Flexible Bond Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Flexible Bond Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Flexible Bond Fund seeks to obtain maximum total return, consistent with preservation of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 126% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 126.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund will invest at least 65% of its assets in investment grade debt securities. As of June 30, 2012, the Fund’s weighted average maturity was 7.9 years. The Fund will limit its investment in high-yield/high-risk bonds, also known as “junk bonds,” to 35% or less of its net assets. The Fund generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund may also invest in asset-backed securities, money market instruments, bank loans, and foreign debt securities (which may include investments in emerging markets). Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other Funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Third Quarter 2009  5.58%          Worst Quarter:  Second Quarter 2004  −2.99%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 7.19%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Janus Flexible Bond Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class D
Management Fees rr_ManagementFeesOverAssets 0.41%
Other Expenses rr_OtherExpensesOverAssets 0.18%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.59%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class D Shares
1 Year rr_ExpenseExampleYear01 60
3 Years rr_ExpenseExampleYear03 189
5 Years rr_ExpenseExampleYear05 329
10 Years rr_ExpenseExampleYear10 738
2002 rr_AnnualReturn2002 9.93%
2003 rr_AnnualReturn2003 6.37%
2004 rr_AnnualReturn2004 3.82%
2005 rr_AnnualReturn2005 1.79%
2006 rr_AnnualReturn2006 4.12%
2007 rr_AnnualReturn2007 6.87%
2008 rr_AnnualReturn2008 5.64%
2009 rr_AnnualReturn2009 12.54%
2010 rr_AnnualReturn2010 7.53%
2011 rr_AnnualReturn2011 6.63%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.19%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 5.58%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2004
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (2.99%)
Janus Flexible Bond Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class D Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.63%
5 Years rr_AverageAnnualReturnYear05 7.82%
10 Years rr_AverageAnnualReturnYear10 6.48%
Since Inception rr_AverageAnnualReturnSinceInception 7.55%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class D Shares | Return After Taxes on Distributions | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class D Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 4.96%
5 Years rr_AverageAnnualReturnYear05 5.94%
10 Years rr_AverageAnnualReturnYear10 4.69%
Since Inception rr_AverageAnnualReturnSinceInception 4.93%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class D Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 4.52%
5 Years rr_AverageAnnualReturnYear05 5.63%
10 Years rr_AverageAnnualReturnYear10 4.51%
Since Inception rr_AverageAnnualReturnSinceInception 4.88%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class D Shares | Barclays U.S. Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Barclays U.S. Aggregate Bond Index
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 6.50%
10 Years rr_AverageAnnualReturnYear10 5.78%
Since Inception rr_AverageAnnualReturnSinceInception 7.34%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
XML 21 R76.htm IDEA: XBRL DOCUMENT v2.4.0.6
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares
Fund summary

Janus Short-Term Bond Fund
INVESTMENT OBJECTIVE
Janus Short-Term Bond Fund seeks as high a level of current income as is consistent with preservation of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 51 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Janus Short-Term Bond Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class N Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 2.50% none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Janus Short-Term Bond Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class N Class T
Management Fees 0.55% 0.55% 0.55% 0.55% 0.55% 0.55%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none none
Other Expenses 0.14% [1] 0.13% 0.29% 0.09% 0.05% [1] 0.29%
Total Annual Fund Operating Expenses [2] 0.94% 1.68% 1.09% 0.64% 0.60% 0.84%
Fee Waiver [2] 0.14% 0.13% 0.04% 0.09% 0.05% 0.04%
Total Annual Fund Operating Expenses After Fee Waiver [2] 0.80% 1.55% 1.05% 0.55% 0.55% 0.80%
[1] Other Expenses for Class A Shares and Class N Shares are based on the estimated expenses that the Shares expect to incur.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.55% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Janus Short-Term Bond Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 344 542 757 1,376
Class C
Class C Shares 271 530 913 1,987
Class S
Class S Shares 111 347 601 1,329
Class I
Class I Shares 65 205 357 798
Class N
Class N Shares 61 192 335 750
Class T
Class T Shares 86 268 466 1,037
If Shares are not redeemed:
Expense Example, No Redemption Janus Short-Term Bond Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 344 542 757 1,376
Class C
Class C Shares 171 530 913 1,987
Class S
Class S Shares 111 347 601 1,329
Class I
Class I Shares 65 205 357 798
Class N
Class N Shares 61 192 335 750
Class T
Class T Shares 86 268 466 1,037
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 93% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund invests, under normal circumstances, at least 80% of its net assets in short- and intermediate-term securities such as corporate bonds or notes or government securities, including agency securities. The Fund may invest up to 35% of its net assets in high-yield/high risk bonds, also known as “junk bonds.” The Fund expects to maintain an average-weighted effective maturity of three years or less under normal circumstances. As of June 30, 2012, the Fund’s weighted average maturity was 2.4 years. The Fund may also invest in bank loans, mortgage-backed securities, asset-backed securities, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

“Effective” maturity differs from actual maturity, which may be longer. In calculating the “effective” maturity the portfolio managers will estimate the effect of expected principal payments and call provisions on securities held in the portfolio. This gives the portfolio managers some additional flexibility in the securities they purchase, but all else being equal, could result in more volatility than if the Fund calculated an actual maturity target.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class N Shares for periods prior to December 31, 2011, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class N Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  3.18%          Worst Quarter:  Second Quarter 2008  −0.90%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 2.96%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus Short-Term Bond Fund Class A, C, S, I, N, T Shares
Column
Label
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes 1.37% 4.60% 3.81% 4.64% Sep. 01, 1992
Class T Shares Return After Taxes on Distributions
Class T Shares Return After Taxes on Distributions 0.58% 3.40% 2.62% 2.92% Sep. 01, 1992
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 0.93% 3.24% 2.56% 2.90% Sep. 01, 1992
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (1.20%) 3.41% 2.98% 3.98% Sep. 01, 1992
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] (0.03%) 3.84% 2.87% 3.58% Sep. 01, 1992
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes 1.13% 4.09% 3.25% 4.05% Sep. 01, 1992
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes 1.62% 4.59% 3.69% 4.47% Sep. 01, 1992
Class N Shares Return Before Taxes
Class N Shares Return Before Taxes 1.37% 4.60% 3.81% 4.64% Sep. 01, 1992
Barclays 1-3 Year U.S. Government/Credit Index (reflects no deduction for expenses, fees, or taxes)
  Barclays 1-3 Year U.S. Government/Credit Index 1.59% 3.99% 3.63% 4.80% Sep. 01, 1992
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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INTECH International Fund | Class A, C, S, I, T Shares
Fund summary

INTECH International Fund
INVESTMENT OBJECTIVE
INTECH International Fund seeks long-term growth of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 46 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees INTECH International Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses INTECH International Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class T
Management Fees 0.55% 0.55% 0.55% 0.55% 0.55%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses 0.62% 0.70% 0.86% 0.58% 0.86%
Total Annual Fund Operating Expenses [1] 1.42% 2.25% 1.66% 1.13% 1.41%
Fee Waiver [1] 0.16% 0.24% 0.15% 0.12% 0.15%
Total Annual Fund Operating Expenses After Fee Waiver [1] 1.26% 2.01% 1.51% 1.01% 1.26%
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example INTECH International Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 711 998 1,307 2,179
Class C
Class C Shares 328 703 1,205 2,585
Class S
Class S Shares 169 523 902 1,965
Class I
Class I Shares 115 359 622 1,375
Class T
Class T Shares 144 446 771 1,691
If Shares are not redeemed:
Expense Example, No Redemption INTECH International Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 711 998 1,307 2,179
Class C
Class C Shares 228 703 1,205 2,585
Class S
Class S Shares 169 523 902 1,965
Class I
Class I Shares 115 359 622 1,375
Class T
Class T Shares 144 446 771 1,691
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 140% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (“MSCI”) EAFE® (Europe, Australasia, Far East) Index, utilizing INTECH’s mathematical investment process. The MSCI EAFE® Index is an MSCI index that is designed to measure the performance of the developed markets of Europe, Australasia, and the Far East. The Fund may also invest in foreign equity and debt securities.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed International Fund (“JAD predecessor fund”) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares, and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers.
If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  22.50%        Worst Quarter:  Third Quarter 2008 −20.70%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.64%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns INTECH International Fund Class A, C, S, I, T Shares
Column
Label
1 Year
Since Inception of Predecessor Fund
Inception Date
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes (13.48%) (6.68%) May 02, 2007
Class I Shares Return After Taxes on Distributions
Class I Shares Return After Taxes on Distributions (13.63%) (6.83%) May 02, 2007
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (8.62%) (5.43%) May 02, 2007
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (18.40%) (7.88%) May 02, 2007
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] (14.54%) (7.00%) May 02, 2007
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes (13.42%) (6.78%) May 02, 2007
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes (13.57%) (8.16%) May 02, 2007
MSCI EAFE Index (net of foreign withholding taxes) (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes)
  MSCI EAFE® Index (net of foreign withholding taxes) (12.14%) (6.74%) May 02, 2007
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares
Fund summary

Perkins Mid Cap Value Fund
INVESTMENT OBJECTIVE
Perkins Mid Cap Value Fund seeks capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 60 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Perkins Mid Cap Value Fund Class A, C, S, I, N, R, T Shares
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class N Class R Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Perkins Mid Cap Value Fund Class A, C, S, I, N, R, T Shares
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class N Class R Class T
Management Fees (may adjust up or down) 0.54% 0.54% 0.54% 0.54% 0.54% 0.54% 0.54%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none 0.50% none
Other Expenses 0.26% 0.24% 0.30% 0.19% 0.04% [1] 0.30% 0.30%
Total Annual Fund Operating Expenses [2] 1.05% 1.78% 1.09% 0.73% 0.58% 1.34% 0.84%
Fee Waiver [2] 0.04% 0.02% none none none none none
Total Annual Fund Operating Expenses After Fee Waiver [2] 1.01% 1.76% 1.09% 0.73% 0.58% 1.34% 0.84%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, Class S Shares, and Class R Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.86% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Perkins Mid Cap Value Fund Class A, C, S, I, N, R, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 676 890 1,121 1,784
Class C
Class C Shares 281 560 964 2,095
Class S
Class S Shares 111 347 601 1,329
Class I
Class I Shares 75 233 406 906
Class N
Class N Shares 59 186 324 726
Class R
Class R Shares 136 425 734 1,613
Class T
Class T Shares 86 268 466 1,037
If Shares are not redeemed:
Expense Example, No Redemption Perkins Mid Cap Value Fund Class A, C, S, I, N, R, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 676 890 1,121 1,784
Class C
Class C Shares 181 560 964 2,095
Class S
Class S Shares 111 347 601 1,329
Class I
Class I Shares 75 233 406 906
Class N
Class N Shares 59 186 324 726
Class R
Class R Shares 136 425 734 1,613
Class T
Class T Shares 86 268 466 1,037
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 54% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  •   strong balance sheets and solid recurring free cash flows
  •   attractive relative and absolute valuation ratios or that have underperformed recently
  •   favorable reward to risk characteristics
The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  •  The performance shown for Class T Shares for periods following April 21, 2003, reflects the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class T Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s former Class J Shares).
  •  The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares) from April 21, 2003 to July 6, 2009, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. For periods prior to April 21, 2003, the performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  •  The performance shown for Class I Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares) from April 21, 2003 to July 6, 2009, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class I Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
  •  The performance shown for Class N Shares reflects the performance of the Fund’s Class T Shares from July 6, 2009 to December 31, 2011, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. For the period from April 21, 2003 to July 6, 2009, the performance shown for Class N Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class N Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter: Second Quarter 2003 17.17%           Worst Quarter: Fourth Quarter 2008 −19.63%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.06%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Perkins Mid Cap Value Fund Class A, C, S, I, N, R, T Shares
Column
Label
1 Year
5 Years
10 Years
Since Inception of Predecessor Fund
Inception Date
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes (2.55%) 2.63% 7.58% 11.76% Aug. 12, 1998
Class T Shares Return After Taxes on Distributions
Class T Shares Return After Taxes on Distributions (3.88%) 1.63% 6.48% 10.31% Aug. 12, 1998
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (0.18%) 2.04% 6.34% 9.94% Aug. 12, 1998
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (8.32%) 1.24% 6.75% 11.12% Aug. 12, 1998
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] (4.27%) 1.71% 6.62% 10.90% Aug. 12, 1998
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes (2.73%) 2.34% 7.27% 11.51% Aug. 12, 1998
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes (2.43%) 2.63% 7.58% 11.76% Aug. 12, 1998
Class N Shares Return Before Taxes
Class N Shares Return Before Taxes (2.55%) 2.63% 7.58% 11.76% Aug. 12, 1998
Class R Shares Return Before Taxes
Class R Shares Return Before Taxes (3.01%) 2.08% 7.00% 11.29% Aug. 12, 1998
Russell Midcap Value Index (reflects no deduction for expenses, fees, or taxes)
  Russell Midcap® Value Index (1.38%) 0.04% 7.67% 7.70% Aug. 12, 1998
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares) for the periods following April 21, 2003; and for Berger Mid Cap Value Fund – Investor Shares for periods prior to April 21, 2003. If Class T Shares of the Fund had been available during the periods prior to April 21, 2003, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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Perkins Large Cap Value Fund | Class D Shares
Fund summary

Perkins Large Cap Value Fund
INVESTMENT OBJECTIVE
Perkins Large Cap Value Fund seeks capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Perkins Large Cap Value Fund
Class D Shares
Class D
Operating Expenses Column [Text] Class D
Management Fees (may adjust up or down) 0.62%
Other Expenses 0.33%
Total Annual Fund Operating Expenses 0.95%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Perkins Large Cap Value Fund Class D Shares Class D
Class D Shares 97 303 525 1,166
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 52% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of large-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies having, at the time of purchase, market capitalizations equal to or greater than the median market capitalization of companies included in the Russell 1000® Value Index. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $400.1 billion, and the median market capitalization was $4.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in exchange-traded funds (“ETFs”), including commodity-related ETFs, cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Exchange-Traded Funds Risk. The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund’s performance.

The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010. The performance shown for Class D Shares for the period July 6, 2009 to February 16, 2010, reflects the performance of the Fund’s Class I Shares, calculated using the fees and expenses of Class D Shares, without the effect of any fee and expense limitations or waivers. Performance shown for the period prior to July 6, 2009, reflects the historical performance of the Janus Adviser Perkins Large Cap Value Fund’s (“JAD predecessor fund”) Class I Shares prior to the reorganization of Class I Shares of the JAD predecessor fund into Class I Shares of the Fund, calculated using the fees and expenses of Class D Shares, without the effect of any fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  15.02%          Worst Quarter:  Third Quarter 2011  −14.77%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 13.38%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Perkins Large Cap Value Fund Class D Shares
Column
Label
1 Year
Since Inception of Predecessor Fund
Inception Date
Class D Return Before Taxes
Class D Shares Return Before Taxes (0.37%) 11.29% Dec. 31, 2008
Class D Return After Taxes on Distributions
Class D Shares Return After Taxes on Distributions (1.63%) 10.50% Dec. 31, 2008
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 0.69% 9.52% Dec. 31, 2008
Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
  Russell 1000® Value Index 0.39% 11.55% Dec. 31, 2008
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; for the Fund’s Class I Shares for the period following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for the period prior to July 6, 2009. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
XML 26 R212.htm IDEA: XBRL DOCUMENT v2.4.0.6
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares
Fund summary

Perkins Small Cap Value Fund
INVESTMENT OBJECTIVE
Perkins Small Cap Value Fund seeks capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page 60 of the Fund's Prospectus and in the "Purchases" section on page 83 of the Fund's Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Perkins Small Cap Value Fund Class A, C, S, I, N, R, T Shares
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class N Class R Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Perkins Small Cap Value Fund Class A, C, S, I, N, R, T Shares
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class N Class R Class T
Management Fees (may adjust up or down) 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none 0.50% none
Other Expenses [1] 0.39% 0.30% 0.29% 0.14% 0.04% 0.29% 0.30%
Total Annual Fund Operating Expenses [2] 1.39% 2.05% 1.29% 0.89% 0.79% 1.54% 1.05%
Fee Waiver [2] 0.15% 0.06% none none none none none
Total Annual Fund Operating Expenses After Fee Waiver [2] 1.24% 1.99% 1.29% 0.89% 0.79% 1.54% 1.05%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, Class S Shares, and Class R Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.96% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Class A, C, S, I, N, R, T Shares Perkins Small Cap Value Fund (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 708 990 1,292 2,148
Class C
Class C Shares 308 643 1,103 2,379
Class S
Class S Shares 131 409 708 1,556
Class I
Class I Shares 91 284 493 1,096
Class N
Class N Shares 81 252 439 978
Class R
Class R Shares 157 486 839 1,834
Class T
Class T Shares 107 334 579 1,283
If Shares are not redeemed:
Expense Example, No Redemption Class A, C, S, I, N, R, T Shares Perkins Small Cap Value Fund (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 708 990 1,292 2,148
Class C
Class C Shares 208 643 1,103 2,379
Class S
Class S Shares 131 409 708 1,556
Class I
Class I Shares 91 284 493 1,096
Class N
Class N Shares 81 252 439 978
Class R
Class R Shares 157 486 839 1,834
Class T
Class T Shares 107 334 579 1,283
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 62% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund’s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund’s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.

The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The portfolio managers’ philosophy is to weigh a security’s downside risk before considering its upside potential, which may help provide an element of capital preservation.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Small-Sized Companies Risk. The Fund’s investments in securities issued by small-sized companies, which tend to be smaller, start-up companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class T Shares for periods following April 21, 2003, reflects the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class T Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s former Class J Shares).
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares) from April 21, 2003 to July 6, 2009, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. For periods prior to April 21, 2003, the performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares) from April 21, 2003 to July 6, 2009, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class I Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares reflects the performance of the Fund’s Class T Shares from July 6, 2009 to December 31, 2011, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. For the period from April 21, 2003 to July 6, 2009, the performance shown for Class N Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class N Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  23.04%          Worst Quarter:  Third Quarter 2002  −22.57%
The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 6.24%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Perkins Small Cap Value Fund Class A, C, S, I, N, R, T Shares
Column
Label
1 Year
5 Years
10 Years
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes (3.43%) 4.60% 7.23%
Class T Shares Return After Taxes on Distributions
Class T Shares Return After Taxes on Distributions (5.87%) 2.87% 5.36%
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (0.57%) 3.41% 5.73%
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (9.12%) 3.17% 6.34%
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] (5.21%) 3.62% 6.22%
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes (3.69%) 4.36% 6.98%
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes (3.28%) 4.60% 7.23%
Class N Shares Return Before Taxes
Class N Shares Return Before Taxes (3.43%) 4.60% 7.23%
Class R Shares Return Before Taxes
Class R Shares Return Before Taxes (3.89%) 4.10% 6.72%
Russell 2000 Value Index (reflects no deduction for expenses, fees, or taxes)
  Russell 2000® Value Index (5.50%) (1.87%) 6.40%
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares) for the periods following April 21, 2003; and for Berger Small Cap Value Fund – Investor Shares for periods prior to April 21, 2003. If Class T Shares of the Fund had been available during the periods prior to April 21, 2003, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Growth Allocation Fund | Class A, C, S, I, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Growth Allocation Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Growth Allocation Fund seeks total return through a primary emphasis on growth of capital with a secondary emphasis on income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 18% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 18.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 45 of the Fund’s Prospectus and in the “Purchases” section on page 63 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 80% to stocks and 20% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 80% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 20% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Market Risk. Approximately 80% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Fixed-Income Securities Risk. Approximately 20% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  18.37%          Worst Quarter:  Fourth Quarter 2008  −18.05%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 11.44%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The Growth Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (50%), the MSCI EAFE® Index (25%), the Barclays U.S. Aggregate Bond Index (20%), and the Morgan Stanley Capital International Emerging Markets Free Indexsm (5%).

After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.22% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.76%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.28%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 698
3 Years rr_ExpenseExampleYear03 958
5 Years rr_ExpenseExampleYear05 1,237
10 Years rr_ExpenseExampleYear10 2,031
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 698
3 Years rr_ExpenseExampleNoRedemptionYear03 958
5 Years rr_ExpenseExampleNoRedemptionYear05 1,237
10 Years rr_ExpenseExampleNoRedemptionYear10 2,031
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.33% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.76%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.14%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 317
3 Years rr_ExpenseExampleYear03 670
5 Years rr_ExpenseExampleYear05 1,149
10 Years rr_ExpenseExampleYear10 2,472
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 217
3 Years rr_ExpenseExampleNoRedemptionYear03 670
5 Years rr_ExpenseExampleNoRedemptionYear05 1,149
10 Years rr_ExpenseExampleNoRedemptionYear10 2,472
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.36% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.76%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.42%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 145
3 Years rr_ExpenseExampleYear03 449
5 Years rr_ExpenseExampleYear05 776
10 Years rr_ExpenseExampleYear10 1,702
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 145
3 Years rr_ExpenseExampleNoRedemptionYear03 449
5 Years rr_ExpenseExampleNoRedemptionYear05 776
10 Years rr_ExpenseExampleNoRedemptionYear10 1,702
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.20% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.76%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.01%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 103
3 Years rr_ExpenseExampleYear03 322
5 Years rr_ExpenseExampleYear05 558
10 Years rr_ExpenseExampleYear10 1,236
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 103
3 Years rr_ExpenseExampleNoRedemptionYear03 322
5 Years rr_ExpenseExampleNoRedemptionYear05 558
10 Years rr_ExpenseExampleNoRedemptionYear10 1,236
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.37% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.76%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.18%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 120
3 Years rr_ExpenseExampleYear03 375
5 Years rr_ExpenseExampleYear05 649
10 Years rr_ExpenseExampleYear10 1,432
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 120
3 Years rr_ExpenseExampleNoRedemptionYear03 375
5 Years rr_ExpenseExampleNoRedemptionYear05 649
10 Years rr_ExpenseExampleNoRedemptionYear10 1,432
2006 rr_AnnualReturn2006 18.51%
2007 rr_AnnualReturn2007 15.73%
2008 rr_AnnualReturn2008 (34.91%)
2009 rr_AnnualReturn2009 35.79%
2010 rr_AnnualReturn2010 13.40%
2011 rr_AnnualReturn2011 (6.49%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 11.44%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.37%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (18.05%)
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class A Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [2]
1 Year rr_AverageAnnualReturnYear01 (11.93%)
5 Years rr_AverageAnnualReturnYear05 0.30%
Since Inception rr_AverageAnnualReturnSinceInception 3.10%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class C Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [3]
1 Year rr_AverageAnnualReturnYear01 (8.17%)
5 Years rr_AverageAnnualReturnYear05 0.75%
Since Inception rr_AverageAnnualReturnSinceInception 3.35%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class S Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (6.79%)
5 Years rr_AverageAnnualReturnYear05 1.27%
Since Inception rr_AverageAnnualReturnSinceInception 3.88%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (6.38%)
5 Years rr_AverageAnnualReturnYear05 1.64%
Since Inception rr_AverageAnnualReturnSinceInception 4.27%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (6.49%)
5 Years rr_AverageAnnualReturnYear05 1.64%
Since Inception rr_AverageAnnualReturnSinceInception 4.27%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (6.91%)
5 Years rr_AverageAnnualReturnYear05 1.01%
Since Inception rr_AverageAnnualReturnSinceInception 3.66%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [4]
1 Year rr_AverageAnnualReturnYear01 (4.07%)
5 Years rr_AverageAnnualReturnYear05 1.13%
Since Inception rr_AverageAnnualReturnSinceInception 3.42%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
Since Inception rr_AverageAnnualReturnSinceInception 2.26%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class A, C, S, I, T Shares | Growth Allocation Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Growth Allocation Index
1 Year rr_AverageAnnualReturnYear01 (2.07%)
5 Years rr_AverageAnnualReturnYear05 0.80%
Since Inception rr_AverageAnnualReturnSinceInception 3.31%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
[4] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Money Market Fund | Class T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Money Market Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVES
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Money Market Fund seeks capital preservation and liquidity
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock with current income as a secondary objective.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objectives by investing primarily in high quality debt obligations and obligations of financial institutions. Debt obligations may include commercial paper, notes and bonds, and variable amount master demand notes. Obligations of financial institutions include certificates of deposit and time deposits. The Fund also intends to invest in repurchase agreements including those secured by U.S. Government agencies. Some government agencies backed by the full faith and credit of the United States are supported by the issuer’s ability to borrow from the United States Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way.

The Fund will:
  • invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital
  • invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397 days or less (as calculated pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended)
  • maintain a dollar-weighted average portfolio maturity of 60 days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120 days or less
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Market Risk. The Fund’s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund’s yield. Over time, the real value of the Fund’s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer’s actual or perceived creditworthiness, or an issuer’s ability to meet its obligations. The credit quality of the Fund’s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund’s share price or yield to fall.

Collateral Risk. With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to financial services, mortgage markets, and government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.

Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Risk Money Market Fund [Text] rr_RiskMoneyMarketFund Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund’s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Fourth Quarter 2006  1.23%     Worst Quarter:  Third Quarter 2011  0.00%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Money Market Seven Day Yield, Caption [Text] rr_MoneyMarketSevenDayYieldCaption The 7-day yield on December 31, 2011 was 0.01% for Janus Money Market Fund.
Money Market Seven Day Yield rr_MoneyMarketSevenDayYield 0.01%
Janus Money Market Fund | Class T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.20%
Other Expenses rr_OtherExpensesOverAssets 0.49%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.69%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 70
3 Years rr_ExpenseExampleYear03 221
5 Years rr_ExpenseExampleYear05 384
10 Years rr_ExpenseExampleYear10 859
2002 rr_AnnualReturn2002 1.38%
2003 rr_AnnualReturn2003 0.71%
2004 rr_AnnualReturn2004 0.93%
2005 rr_AnnualReturn2005 2.77%
2006 rr_AnnualReturn2006 4.60%
2007 rr_AnnualReturn2007 4.86%
2008 rr_AnnualReturn2008 2.09%
2009 rr_AnnualReturn2009 0.07%
2010 rr_AnnualReturn2010 0.01%
2011 rr_AnnualReturn2011 0.01%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.00%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2006
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 1.23%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.00%
Janus Money Market Fund | Class T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 0.01%
5 Years rr_AverageAnnualReturnYear05 1.39%
10 Years rr_AverageAnnualReturnYear10 1.73%
Since Inception rr_AverageAnnualReturnSinceInception 3.08%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 14, 1995
XML 31 R156.htm IDEA: XBRL DOCUMENT v2.4.0.6
INTECH U.S. Core Fund | Class A, C, S, I, T Shares
Fund summary

INTECH U.S. Core Fund
INVESTMENT OBJECTIVE
INTECH U.S. Core Fund seeks long-term growth of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 46 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees INTECH U.S. Core Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses INTECH U.S. Core Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class T
Management Fees (may adjust up or down) 0.54% 0.54% 0.54% 0.54% 0.54%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses 0.20% 0.29% 0.37% 0.18% 0.37%
Total Annual Fund Operating Expenses 0.99% 1.83% 1.16% 0.72% 0.91%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example INTECH U.S. Core Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 670 872 1,091 1,718
Class C
Class C Shares 286 576 990 2,148
Class S
Class S Shares 118 368 638 1,409
Class I
Class I Shares 74 230 401 894
Class T
Class T Shares 93 290 504 1,120
If Shares are not redeemed:
Expense Example, No Redemption INTECH U.S. Core Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 670 872 1,091 1,718
Class C
Class C Shares 186 576 990 2,148
Class S
Class S Shares 118 368 638 1,409
Class I
Class I Shares 74 230 401 894
Class T
Class T Shares 93 290 504 1,120
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 73% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the S&P 500® Index, utilizing INTECH’s mathematical investment process. The S&P 500® Index is an unmanaged index of 500 stocks that is generally representative of the performance of larger companies in the United States.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.
  •   The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  •   The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  •   The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  14.79%     Worst Quarter:   Fourth Quarter 2008  −21.49%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 14.92%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns INTECH U.S. Core Fund Class A, C, S, I, T Shares
Column
Label
1 Year
5 Years
Since Inception
Inception Date
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes 4.97% 0.25% 7.79% Feb. 28, 2003
Class T Shares Return After Taxes on Distributions
Class T Shares Return After Taxes on Distributions 4.83% (0.23%) 7.07% Feb. 28, 2003
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 3.42% 0.18% 6.72% Feb. 28, 2003
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (1.16%) (1.16%) 6.78% Feb. 28, 2003
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] 2.99% (0.72%) 6.71% Feb. 28, 2003
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes 4.71% (0.14%) 7.31% Feb. 28, 2003
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes 5.18% 0.25% 7.79% Feb. 28, 2003
S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
  S&P 500® Index 2.11% (0.25%) 6.77% Feb. 28, 2003
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
XML 32 R75.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus High-Yield Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVES
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus High-Yield Fund seeks to obtain high current income.
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock Capital appreciation is a secondary investment objective when consistent with its primary investment objective.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 61% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 61.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 51 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets in high-yield/high-risk securities rated below investment grade. Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may at times invest all of its assets in such securities. The Fund may also invest in bank loans, money market instruments, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income‒producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

High-Yield/High-Risk Bond Risk. The Fund may invest without limit in higher-yielding/higher-risk bonds, also known as “junk” bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares for periods prior to December 31, 2011, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  14.93%          Worst Quarter:  Fourth Quarter 2008   −12.96%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.73%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees rr_ManagementFeesOverAssets 0.57%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.17%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.99%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 571
3 Years rr_ExpenseExampleYear03 775
5 Years rr_ExpenseExampleYear05 996
10 Years rr_ExpenseExampleYear10 1,630
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 571
3 Years rr_ExpenseExampleNoRedemptionYear03 775
5 Years rr_ExpenseExampleNoRedemptionYear05 996
10 Years rr_ExpenseExampleNoRedemptionYear10 1,630
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees rr_ManagementFeesOverAssets 0.57%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.72%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 275
3 Years rr_ExpenseExampleYear03 542
5 Years rr_ExpenseExampleYear05 933
10 Years rr_ExpenseExampleYear10 2,030
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 175
3 Years rr_ExpenseExampleNoRedemptionYear03 542
5 Years rr_ExpenseExampleNoRedemptionYear05 933
10 Years rr_ExpenseExampleNoRedemptionYear10 2,030
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees rr_ManagementFeesOverAssets 0.57%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.11%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 113
3 Years rr_ExpenseExampleYear03 353
5 Years rr_ExpenseExampleYear05 612
10 Years rr_ExpenseExampleYear10 1,352
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 113
3 Years rr_ExpenseExampleNoRedemptionYear03 353
5 Years rr_ExpenseExampleNoRedemptionYear05 612
10 Years rr_ExpenseExampleNoRedemptionYear10 1,352
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees rr_ManagementFeesOverAssets 0.57%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.11%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.68%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 69
3 Years rr_ExpenseExampleYear03 218
5 Years rr_ExpenseExampleYear05 379
10 Years rr_ExpenseExampleYear10 847
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 69
3 Years rr_ExpenseExampleNoRedemptionYear03 218
5 Years rr_ExpenseExampleNoRedemptionYear05 379
10 Years rr_ExpenseExampleNoRedemptionYear10 847
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class N
Management Fees rr_ManagementFeesOverAssets 0.57%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.04% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class N Shares
1 Year rr_ExpenseExampleYear01 62
3 Years rr_ExpenseExampleYear03 195
5 Years rr_ExpenseExampleYear05 340
10 Years rr_ExpenseExampleYear10 762
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 62
3 Years rr_ExpenseExampleNoRedemptionYear03 195
5 Years rr_ExpenseExampleNoRedemptionYear05 340
10 Years rr_ExpenseExampleNoRedemptionYear10 762
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class R
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class R
Management Fees rr_ManagementFeesOverAssets 0.57%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.36%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class R Shares
1 Year rr_ExpenseExampleYear01 138
3 Years rr_ExpenseExampleYear03 431
5 Years rr_ExpenseExampleYear05 745
10 Years rr_ExpenseExampleYear10 1,635
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class R Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 138
3 Years rr_ExpenseExampleNoRedemptionYear03 431
5 Years rr_ExpenseExampleNoRedemptionYear05 745
10 Years rr_ExpenseExampleNoRedemptionYear10 1,635
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.57%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.86%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 88
3 Years rr_ExpenseExampleYear03 274
5 Years rr_ExpenseExampleYear05 477
10 Years rr_ExpenseExampleYear10 1,061
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 88
3 Years rr_ExpenseExampleNoRedemptionYear03 274
5 Years rr_ExpenseExampleNoRedemptionYear05 477
10 Years rr_ExpenseExampleNoRedemptionYear10 1,061
2002 rr_AnnualReturn2002 2.56%
2003 rr_AnnualReturn2003 16.04%
2004 rr_AnnualReturn2004 9.42%
2005 rr_AnnualReturn2005 2.77%
2006 rr_AnnualReturn2006 11.10%
2007 rr_AnnualReturn2007 1.35%
2008 rr_AnnualReturn2008 (19.32%)
2009 rr_AnnualReturn2009 40.86%
2010 rr_AnnualReturn2010 15.72%
2011 rr_AnnualReturn2011 3.20%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.73%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.93%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (12.96%)
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class A Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [2]
1 Year rr_AverageAnnualReturnYear01 (1.71%)
5 Years rr_AverageAnnualReturnYear05 5.45%
10 Years rr_AverageAnnualReturnYear10 6.82%
Since Inception rr_AverageAnnualReturnSinceInception 7.46%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class C Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [3]
1 Year rr_AverageAnnualReturnYear01 1.37%
5 Years rr_AverageAnnualReturnYear05 5.74%
10 Years rr_AverageAnnualReturnYear10 6.59%
Since Inception rr_AverageAnnualReturnSinceInception 7.02%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class S Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 2.95%
5 Years rr_AverageAnnualReturnYear05 6.30%
10 Years rr_AverageAnnualReturnYear10 7.12%
Since Inception rr_AverageAnnualReturnSinceInception 7.56%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 3.36%
5 Years rr_AverageAnnualReturnYear05 6.58%
10 Years rr_AverageAnnualReturnYear10 7.42%
Since Inception rr_AverageAnnualReturnSinceInception 7.83%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class N Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 3.20%
5 Years rr_AverageAnnualReturnYear05 6.58%
10 Years rr_AverageAnnualReturnYear10 7.42%
Since Inception rr_AverageAnnualReturnSinceInception 7.83%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class R Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 2.74%
5 Years rr_AverageAnnualReturnYear05 6.01%
10 Years rr_AverageAnnualReturnYear10 6.85%
Since Inception rr_AverageAnnualReturnSinceInception 7.29%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 3.20%
5 Years rr_AverageAnnualReturnYear05 6.58%
10 Years rr_AverageAnnualReturnYear10 7.42%
Since Inception rr_AverageAnnualReturnSinceInception 7.83%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return After Taxes on Distributions | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes On Distributions
1 Year rr_AverageAnnualReturnYear01 0.64%
5 Years rr_AverageAnnualReturnYear05 3.38%
10 Years rr_AverageAnnualReturnYear10 4.48%
Since Inception rr_AverageAnnualReturnSinceInception 4.55%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes On Distributions and Sale of Fund Shares [4]
1 Year rr_AverageAnnualReturnYear01 2.07%
5 Years rr_AverageAnnualReturnYear05 3.65%
10 Years rr_AverageAnnualReturnYear10 4.56%
Since Inception rr_AverageAnnualReturnSinceInception 4.65%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares | Barclays U.S. Corporate High-Yield Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays U.S. Corporate High-Yield Bond Index
1 Year rr_AverageAnnualReturnYear01 4.98%
5 Years rr_AverageAnnualReturnYear05 7.54%
10 Years rr_AverageAnnualReturnYear10 8.85%
Since Inception rr_AverageAnnualReturnSinceInception 7.18%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
[4] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
XML 33 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Moderate Allocation Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Moderate Allocation Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Moderate Allocation Fund seeks total return through growth of capital and income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 18% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 18.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 60% to stocks and 40% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 60% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 40% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Market Risk. Approximately 60% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Fixed-Income Securities Risk. Approximately 40% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter: Second Quarter 2009 14.27%     Worst Quarter: Fourth Quarter 2008 −11.62%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.34%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The Moderate Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (40%), the Barclays U.S. Aggregate Bond Index (40%), the MSCI EAFE® Index (18%), and the Morgan Stanley Capital International Emerging Markets Free Indexsm (2%).

After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Janus Moderate Allocation Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
Management Fees rr_ManagementFeesOverAssets 0.05%
Other Expenses rr_OtherExpensesOverAssets 0.24% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.98%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
1 Year rr_ExpenseExampleYear01 100
3 Years rr_ExpenseExampleYear03 312
5 Years rr_ExpenseExampleYear05 542
10 Years rr_ExpenseExampleYear10 1,201
2006 rr_AnnualReturn2006 14.28%
2007 rr_AnnualReturn2007 12.71%
2008 rr_AnnualReturn2008 (25.28%)
2009 rr_AnnualReturn2009 30.34%
2010 rr_AnnualReturn2010 12.31%
2011 rr_AnnualReturn2011 (2.55%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.34%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.27%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (11.62%)
Janus Moderate Allocation Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.55%)
5 Years rr_AverageAnnualReturnYear05 3.74%
Since Inception rr_AverageAnnualReturnSinceInception 5.42%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class D Shares | Return After Taxes on Distributions | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (3.27%)
5 Years rr_AverageAnnualReturnYear05 2.84%
Since Inception rr_AverageAnnualReturnSinceInception 4.58%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [2]
1 Year rr_AverageAnnualReturnYear01 (1.53%)
5 Years rr_AverageAnnualReturnYear05 2.74%
Since Inception rr_AverageAnnualReturnSinceInception 4.24%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class D Shares | S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
Since Inception rr_AverageAnnualReturnSinceInception 2.26%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class D Shares | Moderate Allocation Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Moderate Allocation Index
1 Year rr_AverageAnnualReturnYear01 0.96%
5 Years rr_AverageAnnualReturnYear05 2.43%
Since Inception rr_AverageAnnualReturnSinceInception 4.16%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares
Fund summary

Janus Flexible Bond Fund
INVESTMENT OBJECTIVE
Janus Flexible Bond Fund seeks to obtain maximum total return, consistent with preservation of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 51 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Janus Flexible Bond Fund Class A, C, S, I, N, R, T Shares
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Shareholder Fees Column [Text]
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 4.75% none none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Janus Flexible Bond Fund Class A, C, S, I, N, R, T Shares
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Operating Expenses Column [Text]
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Management Fees 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none 0.50% none
Other Expenses 0.11% 0.14% 0.29% 0.14% 0.05% [1] 0.29% 0.29%
Total Annual Fund Operating Expenses 0.77% 1.55% 0.95% 0.55% 0.46% 1.20% 0.70%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Janus Flexible Bond Fund Class A, C, S, I, N, R, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
550 709 883 1,384
Class C
Class C Shares
258 490 845 1,845
Class S
Class S Shares
97 303 525 1,166
Class I
Class I Shares
56 176 307 689
Class N
Class N Shares
47 148 258 579
Class R
Class R Shares
122 381 660 1,455
Class T
Class T Shares
72 224 390 871
If Shares are not redeemed:
Expense Example, No Redemption Janus Flexible Bond Fund Class A, C, S, I, N, R, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
550 709 883 1,384
Class C
Class C Shares
158 490 845 1,845
Class S
Class S Shares
97 303 525 1,166
Class I
Class I Shares
56 176 307 689
Class N
Class N Shares
47 148 258 579
Class R
Class R Shares
122 381 660 1,455
Class T
Class T Shares
72 224 390 871
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 126% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund will invest at least 65% of its assets in investment grade debt securities. As of June 30, 2012, the Fund’s weighted average maturity was 7.9 years. The Fund will limit its investment in high-yield/high-risk bonds, also known as “junk bonds,” to 35% or less of its net assets. The Fund generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund may also invest in asset-backed securities, money market instruments, bank loans, and foreign debt securities (which may include investments in emerging markets). Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other Funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares for periods prior to December 31, 2011, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter:  Third Quarter 2009  5.58%          Worst Quarter:  Second Quarter 2004  −2.99%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 7.11%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus Flexible Bond Fund Class A, C, S, I, N, R, T Shares
Column
Label
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class T Shares Return Before Taxes
Class T Shares
Return Before Taxes
6.50% 7.77% 6.46% 7.54% Jul. 07, 1987
Class T Shares Return After Taxes on Distributions
Class T Shares
Return After Taxes on Distributions
4.88% 5.92% 4.67% 4.92% Jul. 07, 1987
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
Class T Shares
Return After Taxes on Distributions and Sale of Fund Shares
4.44% 5.61% 4.50% 4.87% Jul. 07, 1987
Class A Shares Return Before Taxes
Class A Shares
Return Before Taxes
[1] 1.38% 6.68% 5.92% 7.31% Jul. 07, 1987
Class C Shares Return Before Taxes
Class C Shares
Return Before Taxes
[2] 4.63% 6.98% 5.73% 6.85% Jul. 07, 1987
Class S Shares Return Before Taxes
Class S Shares
Return Before Taxes
6.24% 7.54% 6.24% 7.38% Jul. 07, 1987
Class I Shares Return Before Taxes
Class I Shares
Return Before Taxes
6.66% 7.77% 6.46% 7.54% Jul. 07, 1987
Class N Shares Return Before Taxes
Class N Shares
Return Before Taxes
6.50% 7.77% 6.46% 7.54% Jul. 07, 1987
Class R Shares Return Before Taxes
Class R Shares
Return Before Taxes
5.98% 7.27% 5.99% 7.12% Jul. 07, 1987
Barclays U.S. Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Barclays U.S. Aggregate Bond Index
7.84% 6.50% 5.78% 7.34% Jul. 07, 1987
[1] Calculated assuming maximum permitted sales loads.
[2] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
XML 36 R67.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Global Bond Fund | Class A, C, S, I, N, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Global Bond Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Global Bond Fund seeks total return, consistent with preservation of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 222% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 222.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page 51 of the Fund's Prospectus and in the "Purchases" section on page 83 of the Fund's Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, corporate bonds, government notes and bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund invests in corporate debt securities of issuers in a number of different countries, which may include the United States. The Fund invests in securities of issuers located in developed and emerging market countries. The Fund may invest across all fixed-income sectors, including U.S. and non-U.S. government securities. The Fund’s investments may be denominated in local currency or U.S. dollar-denominated. The Fund may invest in debt securities with a range of maturities from short- to long-term. The Fund may invest up to 35% of its net assets in high-yield/high-risk debt securities. The Fund may also invest in preferred and common stock, money market instruments, municipal bonds, commercial and residential mortgage-backed securities, asset-backed securities, other securitized and structured debt products, private placements, and other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in bank loans, euro-denominated obligations, buy backs or dollar rolls, when-issued securities, and reverse repurchase agreements. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund has invested in and is expected to continue to invest in collateralized forward foreign currency exchange contracts, futures, options, and swaps (including interest rate swaps, total return swaps, and credit default swaps) for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment or currency exposure, to adjust its currency exposure relative to its benchmark index, and to earn income and enhance returns. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due.

Eurozone Exposure Risk. The Fund’s investment may include certain securities that are denominated and traded in, or based on, the euro, the official currency of the Eurozone. European markets have recently experienced volatility and adverse trends due to concerns about economic downturns, rising government debt levels, and the possible default of government debt in several European countries, including Greece, Ireland, Italy, Portugal, and Spain. A default or debt restructuring by any European country would adversely impact holders of that country’s debt and worldwide sellers of credit default swaps linked to that country’s creditworthiness. These trends have adversely affected the value and exchange rate of the euro and may continue to significantly affect the economies of all European countries, which in turn may have a material adverse affect on a Fund’s investments in such countries, other countries that depend on European countries for significant amounts of trade or investment, or issuers with exposure to European debt.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. There is a risk in developing countries that a future economic or political crisis could lead to price controls, forced mergers of companies, expropriation or confiscatory taxation, seizure, nationalization, or creation of government monopolies, any of which may have a detrimental effect on the Fund’s investments. In addition, the Fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of the Fund’s investments. To the extent that the Fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. As of June 30, 2012, approximately 10.1% of the Fund’s investments were in emerging markets.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. A sovereign debtor’s willingness or ability to satisfy its debt obligation may be affected by various factors including, but not limited to, its cash flow situation, the extent of its foreign currency reserves, the availability of foreign exchange when a payment is due, and the relative size of its debt position in relation to its economy as a whole. In the event of default, there may be limited or no legal remedies for collecting sovereign debt and there may be no bankruptcy proceedings through which the Fund may collect all or part of the sovereign debt that a governmental entity has not repaid.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds (also known as “junk bonds”) may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Exchange-Traded Funds Risk. The Fund may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares of the Fund commenced operations with the Fund's inception.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares is calculated using the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares reflects the performance of the Fund's Class I Shares, calculated using the fees and expenses of Class N Shares, without the effect of any fee and expense limitations or waivers. If Class N Shares of the Fund had been available during the periods shown, the performance may have been different.
The bar chart depicts the Fund's performance during the period indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund's average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund's performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time.

The bar chart depicts the Fund's performance during the period indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund's average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2011  2.77%          Worst Quarter:  Third Quarter 2011  0.72%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 7.94%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.60%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.45% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.44% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.01% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 616
3 Years rr_ExpenseExampleYear03 912
5 Years rr_ExpenseExampleYear05 1,230
10 Years rr_ExpenseExampleYear10 2,128
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 616
3 Years rr_ExpenseExampleNoRedemptionYear03 912
5 Years rr_ExpenseExampleNoRedemptionYear05 1,230
10 Years rr_ExpenseExampleNoRedemptionYear10 2,128
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.61%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.21% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.45% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.76% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 324
3 Years rr_ExpenseExampleYear03 691
5 Years rr_ExpenseExampleYear05 1,185
10 Years rr_ExpenseExampleYear10 2,544
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 224
3 Years rr_ExpenseExampleNoRedemptionYear03 691
5 Years rr_ExpenseExampleNoRedemptionYear05 1,185
10 Years rr_ExpenseExampleNoRedemptionYear10 2,544
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.77%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.62% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.36% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.26% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 165
3 Years rr_ExpenseExampleYear03 511
5 Years rr_ExpenseExampleYear05 881
10 Years rr_ExpenseExampleYear10 1,922
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 165
3 Years rr_ExpenseExampleNoRedemptionYear03 511
5 Years rr_ExpenseExampleNoRedemptionYear05 881
10 Years rr_ExpenseExampleNoRedemptionYear10 1,922
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.53%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.13% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.37% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.76% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 115
3 Years rr_ExpenseExampleYear03 359
5 Years rr_ExpenseExampleYear05 622
10 Years rr_ExpenseExampleYear10 1,375
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 115
3 Years rr_ExpenseExampleNoRedemptionYear03 359
5 Years rr_ExpenseExampleNoRedemptionYear05 622
10 Years rr_ExpenseExampleNoRedemptionYear10 1,375
2011 rr_AnnualReturn2011 6.67%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.94%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2011
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 2.77%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.72%
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class N
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.53% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.13% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.37% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.76% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class N Shares
1 Year rr_ExpenseExampleYear01 115
3 Years rr_ExpenseExampleYear03 359
5 Years rr_ExpenseExampleYear05 622
10 Years rr_ExpenseExampleYear10 1,375
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 115
3 Years rr_ExpenseExampleNoRedemptionYear03 359
5 Years rr_ExpenseExampleNoRedemptionYear05 622
10 Years rr_ExpenseExampleNoRedemptionYear10 1,375
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.78%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.38% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.37% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.01% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 140
3 Years rr_ExpenseExampleYear03 437
5 Years rr_ExpenseExampleYear05 755
10 Years rr_ExpenseExampleYear10 1,657
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 140
3 Years rr_ExpenseExampleNoRedemptionYear03 437
5 Years rr_ExpenseExampleNoRedemptionYear05 755
10 Years rr_ExpenseExampleNoRedemptionYear10 1,657
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class A Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [3]
1 Year rr_AverageAnnualReturnYear01 1.44%
Since Inception rr_AverageAnnualReturnSinceInception 1.42%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class C Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [4]
1 Year rr_AverageAnnualReturnYear01 4.78%
Since Inception rr_AverageAnnualReturnSinceInception 5.76%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class S Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.34%
Since Inception rr_AverageAnnualReturnSinceInception 6.29%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.67%
Since Inception rr_AverageAnnualReturnSinceInception 6.62%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class N Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.27%
Since Inception rr_AverageAnnualReturnSinceInception 6.21%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.51%
Since Inception rr_AverageAnnualReturnSinceInception 6.45%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Return After Taxes on Distributions | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 5.29%
Since Inception rr_AverageAnnualReturnSinceInception 5.24%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 4.34%
Since Inception rr_AverageAnnualReturnSinceInception 4.84%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Barclays Global Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays Global Aggregate Bond Index
1 Year rr_AverageAnnualReturnYear01 5.64%
Since Inception rr_AverageAnnualReturnSinceInception 7.16%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
Janus Global Bond Fund | Class A, C, S, I, N, T Shares | Barclays Global Aggregate Corporate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays Global Aggregate Corporate Bond Index
1 Year rr_AverageAnnualReturnYear01 4.32%
Since Inception rr_AverageAnnualReturnSinceInception 6.05%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 28, 2010) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
[2] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[3] Calculated assuming maximum permitted sales loads.
[4] The one year return is calculated to include the contingent deferred sales charge.
XML 37 R234.htm IDEA: XBRL DOCUMENT v2.4.0.6
Perkins Mid Cap Value Fund | Class D Shares
Fund summary

Perkins Mid Cap Value Fund
INVESTMENT OBJECTIVE
Perkins Mid Cap Value Fund seeks capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Perkins Mid Cap Value Fund
Class D Shares
Class D
Operating Expenses Column [Text] Class D
Management Fees (may adjust up or down) 0.54%
Other Expenses 0.20%
Total Annual Fund Operating Expenses 0.74%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Perkins Mid Cap Value Fund Class D Shares Class D
Class D Shares 76 237 411 918
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 54% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  •  strong balance sheets and solid recurring free cash flows
  •  attractive relative and absolute valuation ratios or that have underperformed recently
  •  favorable reward to risk characteristics
The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares (formerly named Investor Shares). For the periods prior to April 21, 2003, the performance shown for Class D Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s Class J Shares). If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2003  17.17%          Worst Quarter:  Fourth Quarter 2008  −19.63%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.11%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Perkins Mid Cap Value Fund Class D Shares
Column
Label
1 Year
5 Years
10 Years
Since Inception of Predecessor Fund
Inception Date
Class D Return Before Taxes
Class D Shares Return Before Taxes (2.42%) 2.68% 7.60% 11.78% Aug. 12, 1998
Class D Return After Taxes on Distributions
Class D Shares Return After Taxes on Distributions (3.77%) 1.67% 6.50% 10.32% Aug. 12, 1998
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (0.08%) 2.08% 6.36% 9.96% Aug. 12, 1998
Russell Midcap Value Index (reflects no deduction for expenses, fees, or taxes)
  Russell Midcap® Value Index (1.38%) 0.04% 7.67% 7.70% Aug. 12, 1998
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; for the Fund’s Class J Shares (formerly named Investor Shares) for the period April 21, 2003 to February 16, 2010; and for Berger Mid Cap Value Fund – Investor Shares for periods prior to April 21, 2003. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Value Plus Income Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Value Plus Income Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Value Plus Income Fund seeks capital appreciation and current income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 100% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 100.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by normally investing 40-60% of its assets in equity securities selected primarily for capital appreciation and investing the remainder in fixed-income securities and cash equivalents.

Equity Securities. The Fund’s equity investments generate total return from a combination of capital appreciation and, to a lesser degree, current income. Such equity investments may include companies of any size, but the Fund will invest primarily in large- and mid-sized companies whose stock prices the portfolio managers believe to be undervalued or have the potential for high relative dividend yields, or both. The Fund’s equity portfolio managers invest in companies which have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s equity portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
Fixed-Income Securities. The Fund’s fixed-income investments generate total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund normally invests the portion of its assets allocated to fixed-income investments in debt securities (including, but not limited to, government bonds, corporate bonds, mortgage-backed securities, asset-backed securities, zero-coupon bonds, and bank loans), convertible securities, and short-term securities. The Fund invests at least 50% of the fixed-income portion of its assets in investment grade debt securities. The Fund will limit its investment in high-yield/high-risk bonds, also known as “junk” bonds, to 50% or less of the fixed-income portion of its net assets.

In addition to considering economic factors such as the effect of interest rates on the Fund’s fixed-income investments, the Fund’s fixed-income portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.

The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets.

The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

Janus Capital is primarily responsible for the overall asset allocation of the Fund and manages the Fund’s fixed-income investments. Cash positions are considered a part of the Fund’s fixed-income allocation and will be managed by the Fund’s fixed-income portfolio managers. Perkins manages the Fund’s equity investments and assists the adviser in determining the Fund’s overall asset allocation. The Fund may periodically adjust its mix of equity and fixed-income investments in response to changing economic and market conditions, including outside the range of 40-60% of its assets in equity securities. Due to the nature of the fixed-income securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns and yields will vary, and you could lose money. The Fund is designed for long-term investors seeking a portfolio including common stocks and bonds selected for their potential to produce capital appreciation and current income. Common stocks tend to be more volatile than many other investment choices.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s equity portfolio managers.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Foreign Exposure Risk. The Fund may have significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the allocation of assets among the equity and fixed asset categories. You could lose money on your investment in the Fund as a result of these allocations. Portfolio management may favor an asset category that underperforms relative to other asset categories. For example, the Fund may be overweighted in equity securities when the stock market is falling and the fixed-income market is rising. Additionally, periodic rebalancing of Fund assets among asset categories may result in increased transaction costs, which may have a negative effect on the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns and yields will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The bar chart depicts the Fund’s performance during the period indicated. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the Fund’s performance during the period indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Fourth Quarter 2011  7.30%        Worst Quarter:  Third Quarter 2011  −7.84%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.38%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The Value Income Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Russell 1000® Value Index (50%) and the Barclays U.S. Aggregate Bond Index (50%).

After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Perkins Value Plus Income Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
Management Fees rr_ManagementFeesOverAssets 0.60%
Other Expenses rr_OtherExpensesOverAssets 0.81%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.41% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.50% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.91% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
1 Year rr_ExpenseExampleYear01 144
3 Years rr_ExpenseExampleYear03 446
5 Years rr_ExpenseExampleYear05 771
10 Years rr_ExpenseExampleYear10 1,691
2011 rr_AnnualReturn2011 3.66%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.38%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2011
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.30%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (7.84%)
Perkins Value Plus Income Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 3.66%
Since Inception rr_AverageAnnualReturnSinceInception 9.21%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class D Shares | Return After Taxes on Distributions | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 1.61%
Since Inception rr_AverageAnnualReturnSinceInception 7.38%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [2]
1 Year rr_AverageAnnualReturnYear01 2.68%
Since Inception rr_AverageAnnualReturnSinceInception 6.92%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class D Shares | Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 1000® Value Index
1 Year rr_AverageAnnualReturnYear01 0.39%
Since Inception rr_AverageAnnualReturnSinceInception 9.97%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class D Shares | Barclays U.S. Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays U.S. Aggregate Bond Index
1 Year rr_AverageAnnualReturnYear01 7.84%
Since Inception rr_AverageAnnualReturnSinceInception 5.51%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class D Shares | Value Income Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Value Income Index
1 Year rr_AverageAnnualReturnYear01 4.44%
Since Inception rr_AverageAnnualReturnSinceInception 8.16%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (July 30, 2010), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
[2] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
XML 41 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Conservative Allocation Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Conservative Allocation Fund seeks total return through a primary emphasis on income with a secondary emphasis on growth of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 10.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 45 of the Fund’s Prospectus and in the “Purchases” section on page 63 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 40% to stocks and 60% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 60% of its investments to underlying bond funds and money market instruments; and approximately 40% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets). Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking income and, to a lesser extent, growth of capital. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Fixed-Income Securities Risk. Approximately 60% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Market Risk. Approximately 40% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  10.64%          Worst Quarter:  Third Quarter 2008   −6.58%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.25%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The Conservative Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Barclays U.S. Aggregate Bond Index (60%), the Dow Jones Wilshire 5000 Index (28%), and the Morgan Stanley Capital International Europe, Australasia, Far East Index (“MSCI EAFE®”) Index (12%).

After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.18% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.11%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 682
3 Years rr_ExpenseExampleYear03 908
5 Years rr_ExpenseExampleYear05 1,151
10 Years rr_ExpenseExampleYear10 1,849
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 682
3 Years rr_ExpenseExampleNoRedemptionYear03 908
5 Years rr_ExpenseExampleNoRedemptionYear05 1,151
10 Years rr_ExpenseExampleNoRedemptionYear10 1,849
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.20% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.89%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 292
3 Years rr_ExpenseExampleYear03 594
5 Years rr_ExpenseExampleYear05 1,021
10 Years rr_ExpenseExampleYear10 2,212
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 192
3 Years rr_ExpenseExampleNoRedemptionYear03 594
5 Years rr_ExpenseExampleNoRedemptionYear05 1,021
10 Years rr_ExpenseExampleNoRedemptionYear10 2,212
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.33% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.27%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 129
3 Years rr_ExpenseExampleYear03 403
5 Years rr_ExpenseExampleYear05 697
10 Years rr_ExpenseExampleYear10 1,534
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 129
3 Years rr_ExpenseExampleNoRedemptionYear03 403
5 Years rr_ExpenseExampleNoRedemptionYear05 697
10 Years rr_ExpenseExampleNoRedemptionYear10 1,534
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.18% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.87%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 89
3 Years rr_ExpenseExampleYear03 278
5 Years rr_ExpenseExampleYear05 482
10 Years rr_ExpenseExampleYear10 1,073
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 89
3 Years rr_ExpenseExampleNoRedemptionYear03 278
5 Years rr_ExpenseExampleNoRedemptionYear05 482
10 Years rr_ExpenseExampleNoRedemptionYear10 1,073
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.33% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.02%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 104
3 Years rr_ExpenseExampleYear03 325
5 Years rr_ExpenseExampleYear05 563
10 Years rr_ExpenseExampleYear10 1,248
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 104
3 Years rr_ExpenseExampleNoRedemptionYear03 325
5 Years rr_ExpenseExampleNoRedemptionYear05 563
10 Years rr_ExpenseExampleNoRedemptionYear10 1,248
2006 rr_AnnualReturn2006 11.09%
2007 rr_AnnualReturn2007 10.19%
2008 rr_AnnualReturn2008 (16.01%)
2009 rr_AnnualReturn2009 23.37%
2010 rr_AnnualReturn2010 10.60%
2011 rr_AnnualReturn2011 1.39%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 9.25%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 10.64%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (6.58%)
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class A Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [2]
1 Year rr_AverageAnnualReturnYear01 (4.40%)
5 Years rr_AverageAnnualReturnYear05 3.68%
Since Inception rr_AverageAnnualReturnSinceInception 4.83%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class C Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [3]
1 Year rr_AverageAnnualReturnYear01 (0.28%)
5 Years rr_AverageAnnualReturnYear05 4.15%
Since Inception rr_AverageAnnualReturnSinceInception 5.10%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class S Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.13%
5 Years rr_AverageAnnualReturnYear05 4.63%
Since Inception rr_AverageAnnualReturnSinceInception 5.59%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.59%
5 Years rr_AverageAnnualReturnYear05 5.07%
Since Inception rr_AverageAnnualReturnSinceInception 6.04%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.39%
5 Years rr_AverageAnnualReturnYear05 5.07%
Since Inception rr_AverageAnnualReturnSinceInception 6.04%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 0.44%
5 Years rr_AverageAnnualReturnYear05 3.96%
Since Inception rr_AverageAnnualReturnSinceInception 5.00%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [4]
1 Year rr_AverageAnnualReturnYear01 0.99%
5 Years rr_AverageAnnualReturnYear05 3.73%
Since Inception rr_AverageAnnualReturnSinceInception 4.63%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
Since Inception rr_AverageAnnualReturnSinceInception 2.26%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class A, C, S, I, T Shares | Conservative Allocation Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Conservative Allocation Index
1 Year rr_AverageAnnualReturnYear01 3.61%
5 Years rr_AverageAnnualReturnYear05 3.89%
Since Inception rr_AverageAnnualReturnSinceInception 4.89%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
[4] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
INTECH Global Dividend Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

INTECH Global Dividend Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock INTECH Global Dividend Fund seeks long-term growth of capital and income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
    (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the period December 15, 2011 to June 30, 2012, the Fund’s portfolio turnover rate was 24% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 24.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets in dividend-paying securities. The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (“MSCI”) World High Dividend Yield Index, utilizing INTECH’s mathematical investment process. The MSCI World High Dividend Yield Index is designed to reflect the performance of the high dividend yield securities contained within the broader MSCI World Indexsm. The Fund may also invest in foreign equity and debt securities.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Dividend Risk. Companies that issue dividend-yielding securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund does not have a full calendar year of operations.
INTECH Global Dividend Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class D
Management Fees rr_ManagementFeesOverAssets 0.55%
Other Expenses rr_OtherExpensesOverAssets 5.60%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 6.15% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 5.34% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.81% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class D Shares
1 Year rr_ExpenseExampleYear01 611
3 Years rr_ExpenseExampleYear03 1,813
5 Years rr_ExpenseExampleYear05 2,988
10 Years rr_ExpenseExampleYear10 5,808
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.50% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 15, 2011), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
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INTECH U.S. Value Fund | Class A, C, S, I, T Shares
Fund summary

INTECH U.S. Value Fund
INVESTMENT OBJECTIVE
INTECH U.S. Value Fund seeks long-term growth of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 46 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees INTECH U.S. Value Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses INTECH U.S. Value Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class T
Management Fees 0.50% 0.50% 0.50% 0.50% 0.50%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses 0.17% 0.36% 0.40% 0.17% 0.39%
Total Annual Fund Operating Expenses [1] 0.92% 1.86% 1.15% 0.67% 0.89%
Fee Waiver [1] none 0.11% none none none
Total Annual Fund Operating Expenses After Fee Waiver [1] 0.92% 1.75% 1.15% 0.67% 0.89%
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example INTECH U.S. Value Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 663 851 1,055 1,641
Class C
Class C Shares 289 585 1,006 2,180
Class S
Class S Shares 117 365 633 1,398
Class I
Class I Shares 68 214 373 835
Class T
Class T Shares 91 284 493 1,096
If Shares are not redeemed:
Expense Example, No Redemption INTECH U.S. Value Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 663 851 1,055 1,641
Class C
Class C Shares 189 585 1,006 2,180
Class S
Class S Shares 117 365 633 1,398
Class I
Class I Shares 68 214 373 835
Class T
Class T Shares 91 284 493 1,096
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 100% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the Russell 1000® Value Index, utilizing INTECH’s mathematical investment process. The Russell 1000® Value Index is an unmanaged index that measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed Value Fund (“JAD predecessor fund”) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares, and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers.
If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart
Best Quarter:  Third Quarter 2009  17.79%     Worst Quarter:  Fourth Quarter 2008  −21.39%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 13.89%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns INTECH U.S. Value Fund Class A, C, S, I, T Shares
Column
Label
1 Year
5 Years
Since Inception of Predecessor Fund
Inception Date
Class I Shares Return Before Taxes
Class I Shares
Return Before Taxes
2.28% (1.62%) 1.37% Dec. 30, 2005
Class I Shares Return After Taxes on Distributions
Class I Shares
Return After Taxes on Distributions
2.02% (2.01%) 0.96% Dec. 30, 2005
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares
Class I Shares
Return After Taxes on Distributions and Sale of Fund Shares
[1] 1.83% (1.46%) 1.07% Dec. 30, 2005
Class A Shares Return Before Taxes
Class A Shares
Return Before Taxes
[2] (3.79%) (3.00%) 0.14% Dec. 30, 2005
Class C Shares Return Before Taxes
Class C Shares
Return Before Taxes
[3] 0.16% (2.58%) 0.37% Dec. 30, 2005
Class S Shares Return Before Taxes
Class S Shares
Return Before Taxes
1.81% (2.09%) 0.89% Dec. 30, 2005
Class T Shares Return Before Taxes
Class T Shares
Return Before Taxes
2.07% (1.98%) 0.96% Dec. 30, 2005
Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Russell 1000® Value Index
0.39% (2.64%) 1.13% Dec. 30, 2005
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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Janus Money Market Fund | Class T Shares
Fund summary

Janus Money Market Fund
INVESTMENT OBJECTIVES
Janus Money Market Fund seeks capital preservation and liquidity
with current income as a secondary objective.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Janus Money Market Fund
Class T Shares
Class T
Operating Expenses Column [Text] Class T
Management Fees 0.20%
Other Expenses 0.49%
Total Annual Fund Operating Expenses 0.69%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Janus Money Market Fund Class T Shares Class T
Class T Shares 70 221 384 859
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objectives by investing primarily in high quality debt obligations and obligations of financial institutions. Debt obligations may include commercial paper, notes and bonds, and variable amount master demand notes. Obligations of financial institutions include certificates of deposit and time deposits. The Fund also intends to invest in repurchase agreements including those secured by U.S. Government agencies. Some government agencies backed by the full faith and credit of the United States are supported by the issuer’s ability to borrow from the United States Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way.

The Fund will:
  • invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital
  • invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397 days or less (as calculated pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended)
  • maintain a dollar-weighted average portfolio maturity of 60 days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120 days or less
PRINCIPAL INVESTMENT RISKS
Market Risk. The Fund’s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund’s yield. Over time, the real value of the Fund’s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer’s actual or perceived creditworthiness, or an issuer’s ability to meet its obligations. The credit quality of the Fund’s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund’s share price or yield to fall.

Collateral Risk. With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to financial services, mortgage markets, and government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.

Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund’s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter:  Fourth Quarter 2006  1.23%     Worst Quarter:  Third Quarter 2011  0.00%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns
Column
Label
1 Year
5 Years
10 Years
Since Inception
Inception Date
Janus Money Market Fund Class T Shares Class T Return Before Taxes
Class T Shares Return Before Taxes 0.01% 1.39% 1.73% 3.08% Feb. 14, 1995
The 7-day yield on December 31, 2011 was 0.01% for Janus Money Market Fund.

XML 47 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Growth Allocation Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Growth Allocation Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Growth Allocation Fund seeks total return through a primary emphasis on growth of capital with a secondary emphasis on income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 18% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 18.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 80% to stocks and 20% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 80% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 20% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Market Risk. Approximately 80% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Fixed-Income Securities Risk. Approximately 20% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  18.37%        Worst Quarter:  Fourth Quarter 2008  −18.05%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 11.53%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The Growth Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (50%), the MSCI EAFE® Index (25%), the Barclays U.S. Aggregate Bond Index (20%), and the Morgan Stanley Capital International Emerging Markets Free Indexsm (5%).

After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Janus Growth Allocation Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
Management Fees rr_ManagementFeesOverAssets 0.05%
Other Expenses rr_OtherExpensesOverAssets 0.26% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.76%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.07%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
1 Year rr_ExpenseExampleYear01 109
3 Years rr_ExpenseExampleYear03 340
5 Years rr_ExpenseExampleYear05 590
10 Years rr_ExpenseExampleYear10 1,306
2006 rr_AnnualReturn2006 18.51%
2007 rr_AnnualReturn2007 15.73%
2008 rr_AnnualReturn2008 (34.91%)
2009 rr_AnnualReturn2009 35.79%
2010 rr_AnnualReturn2010 13.53%
2011 rr_AnnualReturn2011 (6.44%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 11.53%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.37%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (18.05%)
Janus Growth Allocation Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (6.44%)
5 Years rr_AverageAnnualReturnYear05 1.67%
Since Inception rr_AverageAnnualReturnSinceInception 4.30%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class D Shares | Return After Taxes on Distributions | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (6.87%)
5 Years rr_AverageAnnualReturnYear05 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 3.68%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [2]
1 Year rr_AverageAnnualReturnYear01 (4.03%)
5 Years rr_AverageAnnualReturnYear05 1.16%
Since Inception rr_AverageAnnualReturnSinceInception 3.44%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class D Shares | S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
Since Inception rr_AverageAnnualReturnSinceInception 2.26%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Growth Allocation Fund | Class D Shares | Growth Allocation Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Growth Allocation Index
1 Year rr_AverageAnnualReturnYear01 (2.07%)
5 Years rr_AverageAnnualReturnYear05 0.80%
Since Inception rr_AverageAnnualReturnSinceInception 3.31%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Perkins Select Value Fund | Class A, C, S, I, N, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Select Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Select Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the period December 15, 2011 to June 30, 2012, the Fund’s portfolio turnover rate was 80% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 80.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 60 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of companies of any size whose stock prices the portfolio managers believe to be undervalued. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund’s cash or similar investments may increase.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund does not have a full calendar year of operations.
Perkins Select Value Fund | Class A, C, S, I, N, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.70%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.56%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.51% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.24% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.27% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 720
3 Years rr_ExpenseExampleYear03 1,025
5 Years rr_ExpenseExampleYear05 1,351
10 Years rr_ExpenseExampleYear10 2,273
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 720
3 Years rr_ExpenseExampleNoRedemptionYear03 1,025
5 Years rr_ExpenseExampleNoRedemptionYear05 1,351
10 Years rr_ExpenseExampleNoRedemptionYear10 2,273
Perkins Select Value Fund | Class A, C, S, I, N, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.70%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.73%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.43% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.41% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 2.02% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 346
3 Years rr_ExpenseExampleYear03 758
5 Years rr_ExpenseExampleYear05 1,296
10 Years rr_ExpenseExampleYear10 2,766
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 246
3 Years rr_ExpenseExampleNoRedemptionYear03 758
5 Years rr_ExpenseExampleNoRedemptionYear05 1,296
10 Years rr_ExpenseExampleNoRedemptionYear10 2,766
Perkins Select Value Fund | Class A, C, S, I, N, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.70%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.78%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.73% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.21% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.52% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 176
3 Years rr_ExpenseExampleYear03 545
5 Years rr_ExpenseExampleYear05 939
10 Years rr_ExpenseExampleYear10 2,041
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 176
3 Years rr_ExpenseExampleNoRedemptionYear03 545
5 Years rr_ExpenseExampleNoRedemptionYear05 939
10 Years rr_ExpenseExampleNoRedemptionYear10 2,041
Perkins Select Value Fund | Class A, C, S, I, N, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.70%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.56%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.26% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.24% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.02% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 128
3 Years rr_ExpenseExampleYear03 400
5 Years rr_ExpenseExampleYear05 692
10 Years rr_ExpenseExampleYear10 1,523
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 128
3 Years rr_ExpenseExampleNoRedemptionYear03 400
5 Years rr_ExpenseExampleNoRedemptionYear05 692
10 Years rr_ExpenseExampleNoRedemptionYear10 1,523
Perkins Select Value Fund | Class A, C, S, I, N, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class N
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.70%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.56% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.26% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.24% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.02% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class N Shares
1 Year rr_ExpenseExampleYear01 128
3 Years rr_ExpenseExampleYear03 400
5 Years rr_ExpenseExampleYear05 692
10 Years rr_ExpenseExampleYear10 1,523
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 128
3 Years rr_ExpenseExampleNoRedemptionYear03 400
5 Years rr_ExpenseExampleNoRedemptionYear05 692
10 Years rr_ExpenseExampleNoRedemptionYear10 1,523
Perkins Select Value Fund | Class A, C, S, I, N, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.70%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.74%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.44% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.17% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.27% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 147
3 Years rr_ExpenseExampleYear03 456
5 Years rr_ExpenseExampleYear05 787
10 Years rr_ExpenseExampleYear10 1,724
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 147
3 Years rr_ExpenseExampleNoRedemptionYear03 456
5 Years rr_ExpenseExampleNoRedemptionYear05 787
10 Years rr_ExpenseExampleNoRedemptionYear10 1,724
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
[2] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
XML 50 R205.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Mid Cap Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Mid Cap Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 54% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 54.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 60 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  •   strong balance sheets and solid recurring free cash flows
  •   attractive relative and absolute valuation ratios or that have underperformed recently
  •   favorable reward to risk characteristics
The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  •  The performance shown for Class T Shares for periods following April 21, 2003, reflects the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class T Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s former Class J Shares).
  •  The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares) from April 21, 2003 to July 6, 2009, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. For periods prior to April 21, 2003, the performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  •  The performance shown for Class I Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares) from April 21, 2003 to July 6, 2009, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class I Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
  •  The performance shown for Class N Shares reflects the performance of the Fund’s Class T Shares from July 6, 2009 to December 31, 2011, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. For the period from April 21, 2003 to July 6, 2009, the performance shown for Class N Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class N Shares reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter: Second Quarter 2003 17.17%           Worst Quarter: Fourth Quarter 2008 −19.63%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.06%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares) for the periods following April 21, 2003; and for Berger Mid Cap Value Fund – Investor Shares for periods prior to April 21, 2003. If Class T Shares of the Fund had been available during the periods prior to April 21, 2003, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.26%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.05% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.04% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.01% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 676
3 Years rr_ExpenseExampleYear03 890
5 Years rr_ExpenseExampleYear05 1,121
10 Years rr_ExpenseExampleYear10 1,784
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 676
3 Years rr_ExpenseExampleNoRedemptionYear03 890
5 Years rr_ExpenseExampleNoRedemptionYear05 1,121
10 Years rr_ExpenseExampleNoRedemptionYear10 1,784
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.24%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.78% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.02% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.76% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 281
3 Years rr_ExpenseExampleYear03 560
5 Years rr_ExpenseExampleYear05 964
10 Years rr_ExpenseExampleYear10 2,095
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 181
3 Years rr_ExpenseExampleNoRedemptionYear03 560
5 Years rr_ExpenseExampleNoRedemptionYear05 964
10 Years rr_ExpenseExampleNoRedemptionYear10 2,095
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.30%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.09% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.09% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 111
3 Years rr_ExpenseExampleYear03 347
5 Years rr_ExpenseExampleYear05 601
10 Years rr_ExpenseExampleYear10 1,329
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 111
3 Years rr_ExpenseExampleNoRedemptionYear03 347
5 Years rr_ExpenseExampleNoRedemptionYear05 601
10 Years rr_ExpenseExampleNoRedemptionYear10 1,329
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.73% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.73% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 75
3 Years rr_ExpenseExampleYear03 233
5 Years rr_ExpenseExampleYear05 406
10 Years rr_ExpenseExampleYear10 906
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 75
3 Years rr_ExpenseExampleNoRedemptionYear03 233
5 Years rr_ExpenseExampleNoRedemptionYear05 406
10 Years rr_ExpenseExampleNoRedemptionYear10 906
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class N
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.04% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.58% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.58% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class N Shares
1 Year rr_ExpenseExampleYear01 59
3 Years rr_ExpenseExampleYear03 186
5 Years rr_ExpenseExampleYear05 324
10 Years rr_ExpenseExampleYear10 726
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 59
3 Years rr_ExpenseExampleNoRedemptionYear03 186
5 Years rr_ExpenseExampleNoRedemptionYear05 324
10 Years rr_ExpenseExampleNoRedemptionYear10 726
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class R
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class R
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.30%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.34% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.34% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class R Shares
1 Year rr_ExpenseExampleYear01 136
3 Years rr_ExpenseExampleYear03 425
5 Years rr_ExpenseExampleYear05 734
10 Years rr_ExpenseExampleYear10 1,613
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class R Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 136
3 Years rr_ExpenseExampleNoRedemptionYear03 425
5 Years rr_ExpenseExampleNoRedemptionYear05 734
10 Years rr_ExpenseExampleNoRedemptionYear10 1,613
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.30%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.84% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.84% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 86
3 Years rr_ExpenseExampleYear03 268
5 Years rr_ExpenseExampleYear05 466
10 Years rr_ExpenseExampleYear10 1,037
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 86
3 Years rr_ExpenseExampleNoRedemptionYear03 268
5 Years rr_ExpenseExampleNoRedemptionYear05 466
10 Years rr_ExpenseExampleNoRedemptionYear10 1,037
2002 rr_AnnualReturn2002 (13.09%)
2003 rr_AnnualReturn2003 39.33%
2004 rr_AnnualReturn2004 18.36%
2005 rr_AnnualReturn2005 10.36%
2006 rr_AnnualReturn2006 15.25%
2007 rr_AnnualReturn2007 7.43%
2008 rr_AnnualReturn2008 (27.33%)
2009 rr_AnnualReturn2009 30.37%
2010 rr_AnnualReturn2010 14.81%
2011 rr_AnnualReturn2011 (2.55%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 9.06%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.17%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (19.63%)
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class A Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [3]
1 Year rr_AverageAnnualReturnYear01 (8.32%)
5 Years rr_AverageAnnualReturnYear05 1.24%
10 Years rr_AverageAnnualReturnYear10 6.75%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.12%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class C Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [4]
1 Year rr_AverageAnnualReturnYear01 (4.27%)
5 Years rr_AverageAnnualReturnYear05 1.71%
10 Years rr_AverageAnnualReturnYear10 6.62%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 10.90%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class S Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.73%)
5 Years rr_AverageAnnualReturnYear05 2.34%
10 Years rr_AverageAnnualReturnYear10 7.27%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.51%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.43%)
5 Years rr_AverageAnnualReturnYear05 2.63%
10 Years rr_AverageAnnualReturnYear10 7.58%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.76%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class N Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.55%)
5 Years rr_AverageAnnualReturnYear05 2.63%
10 Years rr_AverageAnnualReturnYear10 7.58%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.76%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class R Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (3.01%)
5 Years rr_AverageAnnualReturnYear05 2.08%
10 Years rr_AverageAnnualReturnYear10 7.00%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.29%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.55%)
5 Years rr_AverageAnnualReturnYear05 2.63%
10 Years rr_AverageAnnualReturnYear10 7.58%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.76%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return After Taxes on Distributions | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (3.88%)
5 Years rr_AverageAnnualReturnYear05 1.63%
10 Years rr_AverageAnnualReturnYear10 6.48%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 10.31%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [5]
1 Year rr_AverageAnnualReturnYear01 (0.18%)
5 Years rr_AverageAnnualReturnYear05 2.04%
10 Years rr_AverageAnnualReturnYear10 6.34%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 9.94%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class A, C, S, I, N, R, T Shares | Russell Midcap Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell Midcap® Value Index
1 Year rr_AverageAnnualReturnYear01 (1.38%)
5 Years rr_AverageAnnualReturnYear05 0.04%
10 Years rr_AverageAnnualReturnYear10 7.67%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 7.70%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, Class S Shares, and Class R Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.86% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
[2] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[3] Calculated assuming maximum permitted sales loads.
[4] The one year return is calculated to include the contingent deferred sales charge.
[5] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Janus World Allocation Fund | Class A, C, S, I, T Shares
Fund summary

Janus World Allocation Fund
INVESTMENT OBJECTIVE
Janus World Allocation Fund seeks long-term growth of capital with a secondary emphasis on income.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 31 of the Fund’s Prospectus and in the “Purchases” section on page 64 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Janus World Allocation Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text]
Class A
Class C
Class S
Class I
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Janus World Allocation Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text]
Class A
Class C
Class S
Class I
Class T
Management Fees 0.07% 0.07% 0.07% 0.07% 0.07%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses 1.73% 1.84% 1.96% 1.76% 1.89%
Acquired Fund Fees and Expenses 0.74% 0.74% 0.74% 0.74% 0.74%
Total Annual Fund Operating Expenses [1] 2.79% 3.65% 3.02% 2.57% 2.70%
Fee Waiver [1] 1.33% 1.44% 1.31% 1.36% 1.24%
Total Annual Fund Operating Expenses After Fee Waiver [1] 1.46% 2.21% 1.71% 1.21% 1.46%
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any expenses of an underlying fund (acquired fund fees and expenses), the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; and extraordinary expenses) to 0.45% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Janus World Allocation Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
841 1,390 1,964 3,514
Class C
Class C Shares
467 1,117 1,888 3,906
Class S
Class S Shares
305 933 1,587 3,337
Class I
Class I Shares
260 799 1,365 2,905
Class T
Class T Shares
273 838 1,430 3,032
If Shares are not redeemed:
Expense Example, No Redemption Janus World Allocation Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
841 1,390 1,964 3,514
Class C
Class C Shares
367 1,117 1,888 3,906
Class S
Class S Shares
305 933 1,587 3,337
Class I
Class I Shares
260 799 1,365 2,905
Class T
Class T Shares
273 838 1,430 3,032
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 36% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing in a diversified portfolio of other Janus mutual funds (“underlying funds”) and securities that provide exposure to issuers located throughout the world. Through its investment in the underlying funds, the Fund invests in issuers from several different countries, including the United States, and may, under unusual circumstances, be invested in a single country. The Fund may also have significant exposure to emerging markets. Because it invests in other funds, the Fund is considered a “fund of funds.” The Fund utilizes Janus Capital’s proprietary process to allocate assets across the following three asset categories (as defined by Janus Capital):
  •   Core – The Core category seeks to provide market-like exposure by investing in funds that in turn primarily invest in a broad range of traditional asset classes such as large-, mid-, and small-cap stocks, U.S. and non-U.S. stocks, growth and value stocks, and investment-grade bonds. While not a primary strategy, the underlying funds may also invest in emerging market stocks and high-yield bonds. A primary goal of the underlying funds in the Core category is to provide shareholders with access to a broad range of investable assets in proportion to each asset class’ representation in today’s global, integrated market as determined by Janus Capital.
  •   Alpha – The Alpha category seeks to generate higher-than-market returns on a risk-adjusted basis by investing in funds that in turn invest in a broad range of traditional asset classes such as large-, mid-, and small-cap stocks, U.S. and non-U.S. stocks, growth and value stocks, emerging market stocks, investment-grade bonds, and high-yield bonds. Unlike funds in the Core category, the Alpha category is less focused on the asset class composition of the global market. Instead, the Alpha category is comprised of funds, unconstrained by asset class or investment style, that Janus Capital believes may generate higher-than-market returns over a market cycle.
  •   Alternative – The Alternative category is comprised of non-traditional investments with historically low correlation to the assets in the Core and Alpha categories, such as certain exchange-traded funds (“ETFs”), exchange-traded notes (“ETNs”), investments with hedge fund strategy exposure, commodities-related securities, real estate-related securities, and structured products.
The Fund attempts to maximize returns by investing the Fund’s assets in underlying funds investing in stocks (U.S. and non-U.S.), bonds, cash equivalents, alternative asset classes (such as real estate-related securities and commodity-related securities), and alternative investment strategies (such as leveraged and sector-based strategies). The target allocation of the Fund’s assets among underlying funds is based on an optimization process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds, as well as the portfolio manager’s judgment. Janus Capital analyzes Fund allocations on a regular basis in order to integrate current market data and reallocates on a quarterly basis.

The Fund’s portfolio manager determines the overall composition of the Fund, oversees the investment process, and is responsible for the day-to-day management of the Fund. The portfolio manager consults with a committee comprised of Janus Capital investment professionals (“Asset Allocation Committee”) to regularly review the process and the allocation of the Fund’s assets among the underlying funds to determine modifications to the underlying funds’ asset categories and/or weightings, or to substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. The portfolio manager and Asset Allocation Committee normally review asset allocations on a quarterly basis. The portfolio manager oversees the implementation of trades on behalf of the Fund.

The Fund’s investments will be rebalanced to the identified optimal weightings on a quarterly basis, although more frequent changes can occur. The Fund’s asset class or category, category allocations, underlying funds, or underlying fund weightings may change without prior shareholder notice.

The Fund will normally allocate approximately 90% of its assets to Janus-managed mutual funds and approximately 10% to unaffiliated pooled investment vehicles (e.g., ETFs) and derivatives. For information on the potential underlying Janus funds currently available for investment by the Fund, including investment objectives and strategies, see “Investment Objectives and Strategies of the Underlying Funds” in Appendix A.

The Fund may invest in ETFs and ETNs to complement its investment in the underlying funds if there are asset classes not covered by the underlying funds or to better manage cash positions.

The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) including, but not limited to, swap agreements to earn income and enhance uncorrelated returns, to increase or decrease exposure to a particular market, to manage or adjust the risk profile of the Fund, or as alternatives to direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock and alternative investment exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Derivatives Risk. The Fund and certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

Commodity-Linked Derivative Investment Risk. The Fund may invest in derivatives that have exposure to the commodities markets. This exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.

Exchange-Traded Funds Risk. The Fund may purchase shares of ETFs to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Market Risk. Underlying funds investing in equity securities are subject to the risks associated with investments in common stocks, which tend to be more volatile than many other investment choices. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Fixed-Income Securities Risk. Through the Fund’s investments in underlying funds holding fixed-income securities, the Fund is subject to the risks associated with investments in a variety of fixed-income securities, which may be less volatile than underlying funds that invest most of their assets in common stocks; returns and yields will vary, and you could lose money. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Foreign Exposure Risk. The Fund and certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, the Fund’s and an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where the Fund or an underlying fund has invested a significant amount of its assets may have a greater effect on the Fund’s or an underlying Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s or an underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, the Fund’s or an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of the Fund’s or an underlying fund’s investments. To the extent that the Fund or an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund or an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser Modular Portfolio Construction® Fund (“JAD predecessor fund”) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers.
If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  14.90%          Worst Quarter:  Third Quarter 2011  −13.38%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 8.19%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus World Allocation Fund Class A, C, S, I, T Shares
Column
Label
1 Year
Since Inception of Predecessor Fund
Inception Date
Class I Shares Return Before Taxes
Class I Shares
Return Before Taxes
(8.00%) 0.06% Sep. 03, 2008
Class I Shares Return After Taxes on Distributions
Class I Shares
Return After Taxes on Distributions
(9.03%) (0.71%) Sep. 03, 2008
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares
Class I Shares
Return After Taxes on Distributions and Sale of Fund Shares
[1] (4.11%) (0.15%) Sep. 03, 2008
Class A Shares Return Before Taxes
Class A Shares
Return Before Taxes
[2] (13.24%) (1.79%) Sep. 03, 2008
Class C Shares Return Before Taxes
Class C Shares
Return Before Taxes
[3] (9.46%) (0.62%) Sep. 03, 2008
Class S Shares Return Before Taxes
Class S Shares
Return Before Taxes
(8.07%) (0.19%) Sep. 03, 2008
Class T Shares Return Before Taxes
Class T Shares
Return Before Taxes
(7.87%) 0.03% Sep. 03, 2008
Morgan Stanley Capital International All Country World Index (net of foreign withholding taxes) (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes)
  Morgan Stanley Capital International All Country World Indexsm (net of foreign withholding taxes) (7.35%) (0.71%) Sep. 03, 2008
World Allocation Index (reflects no deduction for expenses, fees, or taxes)
  World Allocation Index (2.72%) 2.25% Sep. 03, 2008
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
The World Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the MSCI All Country World Indexsm (65%) and the Barclays Global Aggregate Bond Index (35%).

After-tax returns are calculated using distributions for the Fund’s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
XML 52 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Conservative Allocation Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Conservative Allocation Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Conservative Allocation Fund seeks total return through a primary emphasis on income with a secondary emphasis on growth of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 10.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 40% to stocks and 60% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 60% of its investments to underlying bond funds and money market instruments; and approximately 40% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets). Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking income and, to a lesser extent, growth of capital. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Fixed-Income Securities Risk. Approximately 60% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Market Risk. Approximately 40% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  10.64%          Worst Quarter:  Third Quarter 2008  −6.58%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.32%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The Conservative Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Barclays U.S. Aggregate Bond Index (60%), the Dow Jones Wilshire 5000 Index (28%), and the Morgan Stanley Capital International Europe, Australasia, Far East Index (“MSCI EAFE®”) Index (12%).

After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Janus Conservative Allocation Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
Management Fees rr_ManagementFeesOverAssets 0.05%
Other Expenses rr_OtherExpensesOverAssets 0.22% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.91%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
1 Year rr_ExpenseExampleYear01 93
3 Years rr_ExpenseExampleYear03 290
5 Years rr_ExpenseExampleYear05 504
10 Years rr_ExpenseExampleYear10 1,120
2006 rr_AnnualReturn2006 11.09%
2007 rr_AnnualReturn2007 10.19%
2008 rr_AnnualReturn2008 (16.01%)
2009 rr_AnnualReturn2009 23.37%
2010 rr_AnnualReturn2010 10.69%
2011 rr_AnnualReturn2011 1.51%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 9.32%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 10.64%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (6.58%)
Janus Conservative Allocation Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.51%
5 Years rr_AverageAnnualReturnYear05 5.11%
Since Inception rr_AverageAnnualReturnSinceInception 6.08%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class D Shares | Return After Taxes on Distributions | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 0.54%
5 Years rr_AverageAnnualReturnYear05 4.00%
Since Inception rr_AverageAnnualReturnSinceInception 5.03%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [2]
1 Year rr_AverageAnnualReturnYear01 1.07%
5 Years rr_AverageAnnualReturnYear05 3.76%
Since Inception rr_AverageAnnualReturnSinceInception 4.66%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class D Shares | S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
Since Inception rr_AverageAnnualReturnSinceInception 2.26%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Conservative Allocation Fund | Class D Shares | Conservative Allocation Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Conservative Allocation Index
1 Year rr_AverageAnnualReturnYear01 3.61%
5 Years rr_AverageAnnualReturnYear05 3.89%
Since Inception rr_AverageAnnualReturnSinceInception 4.89%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares
Fund summary

Perkins Large Cap Value Fund
INVESTMENT OBJECTIVE
Perkins Large Cap Value Fund seeks capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 60 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Perkins Large Cap Value Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Shareholder Fees Column [Text]
Class A
Class C
Class S
Class I
Class N
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Perkins Large Cap Value Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Operating Expenses Column [Text]
Class A
Class C
Class S
Class I
Class N
Class T
Management Fees (may adjust up or down) 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none none
Other Expenses 0.26% 0.30% 0.38% 0.15% 0.14% [1] 0.38%
Total Annual Fund Operating Expenses 1.13% 1.92% 1.25% 0.77% 0.76% 1.00%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Perkins Large Cap Value Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
684 913 1,161 1,871
Class C
Class C Shares
295 603 1,037 2,243
Class S
Class S Shares
127 397 686 1,511
Class I
Class I Shares
79 246 428 954
Class N
Class N Shares
78 243 422 942
Class T
Class T Shares
102 318 552 1,225
If Shares are not redeemed:
Expense Example, No Redemption Perkins Large Cap Value Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
684 913 1,161 1,871
Class C
Class C Shares
195 603 1,037 2,243
Class S
Class S Shares
127 397 686 1,511
Class I
Class I Shares
79 246 428 954
Class N
Class N Shares
78 243 422 942
Class T
Class T Shares
102 318 552 1,225
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 52% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of large-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies having, at the time of purchase, market capitalizations equal to or greater than the median market capitalization of companies included in the Russell 1000® Value Index. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $400.1 billion, and the median market capitalization was $4.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in exchange-traded funds (“ETFs”), including commodity-related ETFs, cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  •   strong balance sheets and solid recurring free cash flows
  •   attractive relative and absolute valuation ratios or that have underperformed recently
  •   favorable reward to risk characteristics
The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Exchange-Traded Funds Risk. The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund’s performance.

The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser Perkins Large Cap Value Fund (“JAD predecessor fund”) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares, and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares reflects the performance of the Fund’s Class I Shares from July 6, 2009 to December 31, 2011, calculated using the fees and expenses of Class I Shares, net of any applicable fee and expense limitations or waivers. The performance shown for Class N Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class I Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers.
If Class T Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, Class N Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009 15.40%     Worst Quarter:  Third Quarter 2011  -14.75%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 13.59%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Perkins Large Cap Value Fund Class A, C, S, I, N, T Shares
Column
Label
1 Year
Since Inception of Predecessor Fund
Inception Date
Class I Shares Return Before Taxes
Class I Shares
Return Before Taxes
(0.20%) 11.90% Dec. 31, 2008
Class I Shares Return After Taxes on Distributions
Class I Shares
Return After Taxes on Distributions
(1.48%) 11.09% Dec. 31, 2008
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares
Class I Shares
Return After Taxes on Distributions and Sale of Fund Shares
[1] 0.81% 10.04% Dec. 31, 2008
Class A Shares Return Before Taxes
Class A Shares
Return Before Taxes
[2] (6.25%) 9.40% Dec. 31, 2008
Class C Shares Return Before Taxes
Class C Shares
Return Before Taxes
[3] (2.20%) 10.74% Dec. 31, 2008
Class S Shares Return Before Taxes
Class S Shares
Return Before Taxes
(0.72%) 11.36% Dec. 31, 2008
Class N Shares Return Before Taxes
Class N Shares
Return Before Taxes
(0.20%) 11.90% Dec. 31, 2008
Class T Shares Return Before Taxes
Class T Shares
Return Before Taxes
(0.41%) 11.49% Dec. 31, 2008
Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Russell 1000® Value Index
0.39% 11.55% Dec. 31, 2008
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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Janus Moderate Allocation Fund | Class D Shares
Fund summary

Janus Moderate Allocation Fund
INVESTMENT OBJECTIVE
Janus Moderate Allocation Fund seeks total return through growth of capital and income.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Janus Moderate Allocation Fund
Class D Shares
Class D
Operating Expenses Column [Text] Class D
Management Fees 0.05%
Other Expenses [1] 0.24%
Acquired Fund Fees and Expenses 0.69%
Total Annual Fund Operating Expenses 0.98%
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Janus Moderate Allocation Fund Class D Shares
Class D Shares 100 312 542 1,201
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 18% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 60% to stocks and 40% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 60% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 40% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Market Risk. Approximately 60% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Fixed-Income Securities Risk. Approximately 40% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter: Second Quarter 2009 14.27%     Worst Quarter: Fourth Quarter 2008 −11.62%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.34%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus Moderate Allocation Fund Class D Shares
Column
Label
1 Year
5 Years
Since Inception
Inception Date
Class D Return Before Taxes
Class D Shares Return Before Taxes (2.55%) 3.74% 5.42% Dec. 30, 2005
Class D Return After Taxes on Distributions
Class D Shares Return After Taxes on Distributions (3.27%) 2.84% 4.58% Dec. 30, 2005
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (1.53%) 2.74% 4.24% Dec. 30, 2005
S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
  S&P 500® Index 2.11% (0.25%) 2.26% Dec. 30, 2005
Moderate Allocation Index (reflects no deduction for expenses, fees, or taxes)
  Moderate Allocation Index 0.96% 2.43% 4.16% Dec. 30, 2005
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
The Moderate Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (40%), the Barclays U.S. Aggregate Bond Index (40%), the MSCI EAFE® Index (18%), and the Morgan Stanley Capital International Emerging Markets Free Indexsm (2%).

After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
XML 55 R83.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Short-Term Bond Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Short-Term Bond Fund seeks as high a level of current income as is consistent with preservation of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 93% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 93.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 51 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets in short- and intermediate-term securities such as corporate bonds or notes or government securities, including agency securities. The Fund may invest up to 35% of its net assets in high-yield/high risk bonds, also known as “junk bonds.” The Fund expects to maintain an average-weighted effective maturity of three years or less under normal circumstances. As of June 30, 2012, the Fund’s weighted average maturity was 2.4 years. The Fund may also invest in bank loans, mortgage-backed securities, asset-backed securities, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

“Effective” maturity differs from actual maturity, which may be longer. In calculating the “effective” maturity the portfolio managers will estimate the effect of expected principal payments and call provisions on securities held in the portfolio. This gives the portfolio managers some additional flexibility in the securities they purchase, but all else being equal, could result in more volatility than if the Fund calculated an actual maturity target.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class N Shares for periods prior to December 31, 2011, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class N Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  3.18%          Worst Quarter:  Second Quarter 2008  −0.90%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 2.96%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.14% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.94% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.14% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.80% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 344
3 Years rr_ExpenseExampleYear03 542
5 Years rr_ExpenseExampleYear05 757
10 Years rr_ExpenseExampleYear10 1,376
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 344
3 Years rr_ExpenseExampleNoRedemptionYear03 542
5 Years rr_ExpenseExampleNoRedemptionYear05 757
10 Years rr_ExpenseExampleNoRedemptionYear10 1,376
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.13%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.68% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.13% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.55% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 271
3 Years rr_ExpenseExampleYear03 530
5 Years rr_ExpenseExampleYear05 913
10 Years rr_ExpenseExampleYear10 1,987
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 171
3 Years rr_ExpenseExampleNoRedemptionYear03 530
5 Years rr_ExpenseExampleNoRedemptionYear05 913
10 Years rr_ExpenseExampleNoRedemptionYear10 1,987
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.09% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.04% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.05% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 111
3 Years rr_ExpenseExampleYear03 347
5 Years rr_ExpenseExampleYear05 601
10 Years rr_ExpenseExampleYear10 1,329
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 111
3 Years rr_ExpenseExampleNoRedemptionYear03 347
5 Years rr_ExpenseExampleNoRedemptionYear05 601
10 Years rr_ExpenseExampleNoRedemptionYear10 1,329
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.64% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.09% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.55% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 65
3 Years rr_ExpenseExampleYear03 205
5 Years rr_ExpenseExampleYear05 357
10 Years rr_ExpenseExampleYear10 798
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 65
3 Years rr_ExpenseExampleNoRedemptionYear03 205
5 Years rr_ExpenseExampleNoRedemptionYear05 357
10 Years rr_ExpenseExampleNoRedemptionYear10 798
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class N
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.05% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.60% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.05% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.55% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class N Shares
1 Year rr_ExpenseExampleYear01 61
3 Years rr_ExpenseExampleYear03 192
5 Years rr_ExpenseExampleYear05 335
10 Years rr_ExpenseExampleYear10 750
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 61
3 Years rr_ExpenseExampleNoRedemptionYear03 192
5 Years rr_ExpenseExampleNoRedemptionYear05 335
10 Years rr_ExpenseExampleNoRedemptionYear10 750
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.84% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.04% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.80% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 86
3 Years rr_ExpenseExampleYear03 268
5 Years rr_ExpenseExampleYear05 466
10 Years rr_ExpenseExampleYear10 1,037
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 86
3 Years rr_ExpenseExampleNoRedemptionYear03 268
5 Years rr_ExpenseExampleNoRedemptionYear05 466
10 Years rr_ExpenseExampleNoRedemptionYear10 1,037
2002 rr_AnnualReturn2002 3.57%
2003 rr_AnnualReturn2003 3.91%
2004 rr_AnnualReturn2004 1.96%
2005 rr_AnnualReturn2005 1.52%
2006 rr_AnnualReturn2006 4.21%
2007 rr_AnnualReturn2007 5.21%
2008 rr_AnnualReturn2008 4.63%
2009 rr_AnnualReturn2009 8.56%
2010 rr_AnnualReturn2010 3.37%
2011 rr_AnnualReturn2011 1.37%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 2.96%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 3.18%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (0.90%)
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class A Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [3]
1 Year rr_AverageAnnualReturnYear01 (1.20%)
5 Years rr_AverageAnnualReturnYear05 3.41%
10 Years rr_AverageAnnualReturnYear10 2.98%
Since Inception rr_AverageAnnualReturnSinceInception 3.98%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class C Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [4]
1 Year rr_AverageAnnualReturnYear01 (0.03%)
5 Years rr_AverageAnnualReturnYear05 3.84%
10 Years rr_AverageAnnualReturnYear10 2.87%
Since Inception rr_AverageAnnualReturnSinceInception 3.58%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class S Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.13%
5 Years rr_AverageAnnualReturnYear05 4.09%
10 Years rr_AverageAnnualReturnYear10 3.25%
Since Inception rr_AverageAnnualReturnSinceInception 4.05%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.62%
5 Years rr_AverageAnnualReturnYear05 4.59%
10 Years rr_AverageAnnualReturnYear10 3.69%
Since Inception rr_AverageAnnualReturnSinceInception 4.47%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class N Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.37%
5 Years rr_AverageAnnualReturnYear05 4.60%
10 Years rr_AverageAnnualReturnYear10 3.81%
Since Inception rr_AverageAnnualReturnSinceInception 4.64%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.37%
5 Years rr_AverageAnnualReturnYear05 4.60%
10 Years rr_AverageAnnualReturnYear10 3.81%
Since Inception rr_AverageAnnualReturnSinceInception 4.64%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Return After Taxes on Distributions | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 0.58%
5 Years rr_AverageAnnualReturnYear05 3.40%
10 Years rr_AverageAnnualReturnYear10 2.62%
Since Inception rr_AverageAnnualReturnSinceInception 2.92%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [5]
1 Year rr_AverageAnnualReturnYear01 0.93%
5 Years rr_AverageAnnualReturnYear05 3.24%
10 Years rr_AverageAnnualReturnYear10 2.56%
Since Inception rr_AverageAnnualReturnSinceInception 2.90%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
Janus Short-Term Bond Fund | Class A, C, S, I, N, T Shares | Barclays 1-3 Year U.S. Government/Credit Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays 1-3 Year U.S. Government/Credit Index
1 Year rr_AverageAnnualReturnYear01 1.59%
5 Years rr_AverageAnnualReturnYear05 3.99%
10 Years rr_AverageAnnualReturnYear10 3.63%
Since Inception rr_AverageAnnualReturnSinceInception 4.80%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
[1] Other Expenses for Class A Shares and Class N Shares are based on the estimated expenses that the Shares expect to incur.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.55% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
[3] Calculated assuming maximum permitted sales loads.
[4] The one year return is calculated to include the contingent deferred sales charge.
[5] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Janus Real Return Fund | Class D Shares
Fund summary

Janus Real Return Fund
(formerly named Janus Real Return Allocation Fund)
INVESTMENT OBJECTIVE
Janus Real Return Fund seeks real return consistent with preservation of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Janus Real Return Fund
Class D Shares
Class D
Operating Expenses Column [Text] Class D
Management Fees 0.55%
Other Expenses [1] 0.97%
Total Annual Fund Operating Expenses [2] 1.52%
Fee Waiver [2] 0.64%
Total Annual Fund Operating Expenses After Fee Waiver [2] 0.88%
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (May 13, 2011) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Janus Real Return Fund Class D Shares Class D
Class D Shares 154 479 827 1,808
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 45% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by primarily investing in U.S. Treasury securities, short-duration high-yield/high-risk debt, commodity-linked investments, and equity securities. The Fund’s investments in U.S. Treasury securities may also include Treasury Inflation Protected Securities, also known as TIPS. As utilized by the Fund, each of these types of investments may be considered an “inflation-related investment,” which are those that may provide what is known as “real return,” or a rate of return above the rate of inflation over a full market cycle. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

The Fund may invest up to 90% of its net assets in short-duration high-yield/high-risk debt securities. The Fund’s investments in short-duration high-yield/high-risk securities include debt rated below investment grade, also known as “junk bonds.” Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may also invest in certain investment grade debt instruments, including corporate bonds, government bonds, municipal bonds, mortgage-backed securities, zero-coupon bonds, and agency securities. The Fund may invest in foreign debt securities.

To seek exposure to the commodities markets, the Fund may invest in commodity-linked investments such as commodity-related exchange-traded funds (“ETFs”), commodity index-linked swap agreements, commodity options and futures, and options on futures that provide exposure to the investment returns of the commodities markets. The Fund may also invest in other commodity-linked derivative instruments, such as commodity-linked notes (“structured notes”).

The Fund’s investments in equity securities may include common stock, preferred stock, and convertible securities, all of which may include exposure to foreign markets. The Fund may invest in companies of any market capitalization. The Fund’s equity investments may also include securities of real estate-related companies, including, but not limited to, real estate investment trusts (“REITs”) and similar REIT-like entities, such as foreign entities that have REIT characteristics.

The Fund may also invest in derivative instruments (by taking long and/or short positions) for various purposes, including hedging by shorting interest rate futures against long positions in TIPS, using inflation index swaps to hedge against unexpected changes in the rate of inflation, using interest rate swaps to hedge against changes in interest rates, to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment, and to earn income and enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

The Fund may also use reverse repurchase agreements to generate income as part of its inflation-related strategies. Proceeds from reverse repurchase agreement transactions may be invested in other securities or instruments to attempt to increase the Fund’s investment return. The Fund may also invest in money market instruments, buy backs or dollar rolls, other securitized debt products, bank loans, various when-issued securities, exchange-traded notes, and other investment companies.

In addition to considering economic factors such as the rate of inflation and the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Inflation-Related Investment Risk. Inflation index swaps and other inflation-linked securities are subject to inflation risk. A swap held long by the Fund can potentially lose value if the rate of inflation over the life of the swap is less than the fixed rate that the Fund agrees to pay at the initiation of the swap. Except for the Fund’s investments in U.S. Treasury securities, which are guaranteed as to principal by the U.S. Treasury, the inflation-adjusted principal value of inflation-linked securities repaid at maturity may be less than the original principal. Because of the inflation-linked adjustment feature, inflation-linked securities typically have lower yields than conventional fixed-rate securities. In the event of deflation, where prices decline over time, the principal and income of inflation-linked securities will likely decline, resulting in losses to the Fund.

High-Yield/High-Risk Bond Risk. The Fund may invest up to 90% of its net assets in higher-yielding/higher-risk bonds, also known as “junk” bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Commodity-Linked Investments Risk. The Fund may invest in various commodity-linked investments that provide exposure to the commodities markets. Such exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a given commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.

Exchange-Traded Funds Risk. The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund’s performance.

The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Counterparty Risk. Certain derivative and “over-the-counter” instruments, such as swaps and forwards, are subject to the risk that the other party to a contract will not fulfill its contractual obligations.

Leverage Risk. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. In particular, certain commodity-linked investments may subject the Fund to leveraged market exposure to commodities. Leverage also occurs when the Fund increases its assets available for investment through borrowings, reverse repurchase agreements, or similar transactions. The Fund’s use of leverage can magnify the effect of any gains or losses, causing the Fund to be more volatile than if it had not been leveraged. There is no assurance that any leveraging strategy will be successful.

Reverse Repurchase Agreement Risk. Reverse repurchase agreements involve leverage risk, counterparty risk, and the risk that the value of securities that the Fund is obligated to repurchase under the agreement may decline below the repurchase price. When the Fund invests reverse repurchase transaction proceeds, the Fund is at risk for any fluctuations in the value of securities in which the proceeds are invested. To the extent the Fund uses reverse repurchase agreements, the value of an investment in the Fund may be more volatile, and such transactions may increase the Fund’s overall investment exposure. Additionally, interest expenses related to reverse repurchase transactions could exceed the rate of return on debt obligations and other investments held by the Fund, thereby reducing returns to shareholders.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Growth Securities Risk. The Fund invests in companies after assessing their growth potential. Securities of companies perceived to be “growth” companies may be more volatile than other stocks and may involve special risks. If the portfolio managers’ perception of a company’s growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund’s returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “growth” stocks may perform differently from the market as a whole and other types of securities.

Real Estate Risk. An investment in the Fund may be subject to many of the same risks as a direct investment in real estate. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Nondiversification Risk. The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund’s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund’s net asset value and total return.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
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Janus Conservative Allocation Fund | Class A, C, S, I, T Shares
Fund summary

Janus Conservative Allocation Fund
INVESTMENT OBJECTIVE
Janus Conservative Allocation Fund seeks total return through a primary emphasis on income with a secondary emphasis on growth of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 45 of the Fund’s Prospectus and in the “Purchases” section on page 63 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Janus Conservative Allocation Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Janus Conservative Allocation Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class T
Management Fees 0.05% 0.05% 0.05% 0.05% 0.05%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses [1] 0.18% 0.20% 0.33% 0.18% 0.33%
Acquired Fund Fees and Expenses 0.64% 0.64% 0.64% 0.64% 0.64%
Total Annual Fund Operating Expenses 1.11% 1.89% 1.27% 0.87% 1.02%
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Janus Conservative Allocation Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 682 908 1,151 1,849
Class C
Class C Shares 292 594 1,021 2,212
Class S
Class S Shares 129 403 697 1,534
Class I
Class I Shares 89 278 482 1,073
Class T
Class T Shares 104 325 563 1,248
If Shares are not redeemed:
Expense Example, No Redemption Janus Conservative Allocation Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 682 908 1,151 1,849
Class C
Class C Shares 192 594 1,021 2,212
Class S
Class S Shares 129 403 697 1,534
Class I
Class I Shares 89 278 482 1,073
Class T
Class T Shares 104 325 563 1,248
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 40% to stocks and 60% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 60% of its investments to underlying bond funds and money market instruments; and approximately 40% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets). Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking income and, to a lesser extent, growth of capital. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Fixed-Income Securities Risk. Approximately 60% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Market Risk. Approximately 40% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  10.64%          Worst Quarter:  Third Quarter 2008   −6.58%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.25%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus Conservative Allocation Fund Class A, C, S, I, T Shares
Column
Label
1 Year
5 Years
Since Inception
Inception Date
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes 1.39% 5.07% 6.04% Dec. 30, 2005
Class T Shares Return After Taxes on Distributions
Class T Shares Return After Taxes on Distributions 0.44% 3.96% 5.00% Dec. 30, 2005
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 0.99% 3.73% 4.63% Dec. 30, 2005
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (4.40%) 3.68% 4.83% Dec. 30, 2005
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] (0.28%) 4.15% 5.10% Dec. 30, 2005
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes 1.13% 4.63% 5.59% Dec. 30, 2005
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes 1.59% 5.07% 6.04% Dec. 30, 2005
S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
  S&P 500® Index 2.11% (0.25%) 2.26% Dec. 30, 2005
Conservative Allocation Index (reflects no deduction for expenses, fees, or taxes)
  Conservative Allocation Index 3.61% 3.89% 4.89% Dec. 30, 2005
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
The Conservative Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Barclays U.S. Aggregate Bond Index (60%), the Dow Jones Wilshire 5000 Index (28%), and the Morgan Stanley Capital International Europe, Australasia, Far East Index (“MSCI EAFE®”) Index (12%).

After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Small Cap Value Fund | Class L Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Small Cap Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Small Cap Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 62% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 62.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund’s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund’s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.

The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The portfolio managers’ philosophy is to weigh a security’s downside risk before considering its upside potential, which may help provide an element of capital preservation.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Small-Sized Companies Risk. The Fund’s investments in securities issued by small-sized companies, which tend to be smaller, start-up companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. The performance shown for periods following April 21, 2003, reflects the fees and expenses of Class L Shares (formerly named Institutional Shares), net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class L Shares reflects the historical performance of Berger Small Cap Value Fund – Institutional Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Institutional Shares into the Fund's Class L Shares).

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund's performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class L Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  23.27%          Worst Quarter:  Third Quarter 2002  −22.47%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 6.38%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund's Class L Shares (formerly named Institutional Shares) for the periods following April 21, 2003 and for Berger Small Cap Value Fund – Institutional Shares for periods prior to April 21, 2003. If Class L Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Perkins Small Cap Value Fund | Class L Shares | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class L
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
Other Expenses rr_OtherExpensesOverAssets 0.27%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.02%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class L Shares
1 Year rr_ExpenseExampleYear01 104
3 Years rr_ExpenseExampleYear03 325
5 Years rr_ExpenseExampleYear05 563
10 Years rr_ExpenseExampleYear10 1,248
2002 rr_AnnualReturn2002 (15.33%)
2003 rr_AnnualReturn2003 37.18%
2004 rr_AnnualReturn2004 13.80%
2005 rr_AnnualReturn2005 9.14%
2006 rr_AnnualReturn2006 12.57%
2007 rr_AnnualReturn2007 3.21%
2008 rr_AnnualReturn2008 (21.63%)
2009 rr_AnnualReturn2009 36.91%
2010 rr_AnnualReturn2010 18.18%
2011 rr_AnnualReturn2011 (3.18%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.38%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.27%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2002
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.47%)
Perkins Small Cap Value Fund | Class L Shares | Return Before Taxes | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class L Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (3.18%)
5 Years rr_AverageAnnualReturnYear05 4.85%
10 Years rr_AverageAnnualReturnYear10 7.48%
Perkins Small Cap Value Fund | Class L Shares | Return After Taxes on Distributions | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class L Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (5.68%)
5 Years rr_AverageAnnualReturnYear05 3.09%
10 Years rr_AverageAnnualReturnYear10 5.58%
Perkins Small Cap Value Fund | Class L Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class L Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [1]
1 Year rr_AverageAnnualReturnYear01 (0.43%)
5 Years rr_AverageAnnualReturnYear05 3.60%
10 Years rr_AverageAnnualReturnYear10 5.93%
Perkins Small Cap Value Fund | Class L Shares | Russell 2000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 2000® Value Index
1 Year rr_AverageAnnualReturnYear01 (5.50%)
5 Years rr_AverageAnnualReturnYear05 (1.87%)
10 Years rr_AverageAnnualReturnYear10 6.40%
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Janus High-Yield Fund | Class D Shares
Fund summary

Janus High-Yield Fund
INVESTMENT OBJECTIVES
Janus High-Yield Fund seeks to obtain high current income.
Capital appreciation is a secondary investment objective when consistent with its primary investment objective.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Janus High-Yield Fund
Class D Shares
Class D
Operating Expenses Column [Text] Class D
Management Fees 0.57%
Other Expenses 0.19%
Total Annual Fund Operating Expenses 0.76%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Janus High-Yield Fund Class D Shares Class D
Class D Shares 78 243 422 942
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 61% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets in high-yield/high-risk securities rated below investment grade. Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may at times invest all of its assets in such securities. The Fund may also invest in bank loans, money market instruments, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

High-Yield/High-Risk Bond Risk. The Fund may invest without limit in higher-yielding/higher-risk bonds, also known as “junk” bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  14.93%          Worst Quarter:  Fourth Quarter 2008  −12.96%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.80%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus High-Yield Fund Class D Shares
Column
Label
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class D Return Before Taxes
Class D Shares Return Before Taxes 3.32% 6.62% 7.44% 7.85% Dec. 29, 1995
Class D Return After Taxes on Distributions
Class D Shares Return After Taxes on Distributions 0.72% 3.40% 4.49% 4.55% Dec. 29, 1995
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 2.15% 3.68% 4.58% 4.66% Dec. 29, 1995
Barclays U.S. Corporate High-Yield Bond Index (reflects no deduction for expenses, fees, or taxes)
  Barclays U.S. Corporate High-Yield Bond Index 4.98% 7.54% 8.85% 7.18% Dec. 29, 1995
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Government Money Market Fund | Class T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Government Money Market Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVES
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Government Money Market Fund seeks capital preservation and liquidity
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock with current income as a secondary objective.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objectives by investing exclusively in obligations issued and/or guaranteed as to principal and interest by the United States Government or by its agencies and instrumentalities, and repurchase agreements secured by such obligations. Although U.S. Government agencies and instrumentalities may be chartered or sponsored by Acts of Congress, their securities are not issued by, and may not be guaranteed by (i.e., backed by the full faith and credit of), the United States Treasury. Some government agency and instrumentality securities not backed by the full faith and credit of the United States are supported by the issuer’s ability to borrow from the U.S. Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way. For securities not backed by the full faith and credit of the U.S. Treasury, the Fund must look principally to the agency or instrumentality issuing or guaranteeing the securities for repayment and may not be able to assert a claim against the United States if the agency or instrumentality does not meet its commitment. The Fund’s investments in securities issued by U.S. Government agencies and instrumentalities may be significant.

The Fund will:
  • invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital
  • invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397 days or less (as calculated pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended)
  • maintain a dollar-weighted average portfolio maturity of 60 days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120 days or less
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Market Risk. The Fund’s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund’s yield. Over time, the real value of the Fund’s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer’s actual or perceived creditworthiness, or an issuer’s ability to meet its obligations. The credit quality of the Fund’s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund’s share price or yield to fall.

Collateral Risk. With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.

Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Risk Money Market Fund [Text] rr_RiskMoneyMarketFund Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund’s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Fourth Quarter 2006  1.21%          Worst Quarter:  Third Quarter 2011  0.00%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Money Market Seven Day Yield, Caption [Text] rr_MoneyMarketSevenDayYieldCaption The 7-day yield on December 31, 2011 was 0.00% for Janus Government Money Market Fund.
Money Market Seven Day Yield rr_MoneyMarketSevenDayYield 0.00%
Janus Government Money Market Fund | Class T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class T
Management Fees rr_ManagementFeesOverAssets 0.20%
Other Expenses rr_OtherExpensesOverAssets 0.51%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.71%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleYear01 73
3 Years rr_ExpenseExampleYear03 227
5 Years rr_ExpenseExampleYear05 395
10 Years rr_ExpenseExampleYear10 883
2002 rr_AnnualReturn2002 1.33%
2003 rr_AnnualReturn2003 0.65%
2004 rr_AnnualReturn2004 0.85%
2005 rr_AnnualReturn2005 2.70%
2006 rr_AnnualReturn2006 4.52%
2007 rr_AnnualReturn2007 4.66%
2008 rr_AnnualReturn2008 1.83%
2009 rr_AnnualReturn2009 0.01%
2010 rr_AnnualReturn2010 0.02%
2011 rr_AnnualReturn2011 0.00%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.00%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2006
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 1.21%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.00%
Janus Government Money Market Fund | Class T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 none
5 Years rr_AverageAnnualReturnYear05 1.29%
10 Years rr_AverageAnnualReturnYear10 1.64%
Since Inception rr_AverageAnnualReturnSinceInception 2.99%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 14, 1995
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Real Return Fund | Class A, C, S, I, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Real Return Fund
(formerly named Janus Real Return Allocation Fund)
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Real Return Fund seeks real return consistent with preservation of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 45% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 45.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 31 of the Fund’s Prospectus and in the “Purchases” section on page 56 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by primarily investing in U.S. Treasury securities, short-duration high-yield/high-risk debt, commodity-linked investments, and equity securities. The Fund’s investments in U.S. Treasury securities may also include Treasury Inflation Protected Securities, also known as TIPS. As utilized by the Fund, each of these types of investments may be considered an “inflation-related investment,” which are those that may provide what is known as “real return,” or a rate of return above the rate of inflation over a full market cycle. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

The Fund may invest up to 90% of its net assets in short-duration high-yield/high-risk debt securities. The Fund’s investments in short-duration high-yield/high-risk securities include debt rated below investment grade, also known as “junk bonds.” Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may also invest in certain investment grade debt instruments, including corporate bonds, government bonds, municipal bonds, mortgage-backed securities, zero-coupon bonds, and agency securities. The Fund may invest in foreign debt securities.

To seek exposure to the commodities markets, the Fund may invest in commodity-linked investments such as commodity-related exchange-traded funds (“ETFs”), commodity index-linked swap agreements, commodity options and futures, and options on futures that provide exposure to the investment returns of the commodities markets. The Fund may also invest in other commodity-linked derivative instruments, such as commodity-linked notes (“structured notes”).

The Fund’s investments in equity securities may include common stock, preferred stock, and convertible securities, all of which may include exposure to foreign markets. The Fund may invest in companies of any market capitalization. The Fund’s equity investments may also include securities of real estate-related companies, including, but not limited to, real estate investment trusts (“REITs”) and similar REIT-like entities, such as foreign entities that have REIT characteristics.

The Fund may also invest in derivative instruments (by taking long and/or short positions) for various purposes, including hedging by shorting interest rate futures against long positions in TIPS, using inflation index swaps to hedge against unexpected changes in the rate of inflation, using interest rate swaps to hedge against changes in interest rates, to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment, and to earn income and enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

The Fund may also use reverse repurchase agreements to generate income as part of its inflation-related strategies. Proceeds from reverse repurchase agreement transactions may be invested in other securities or instruments to attempt to increase the Fund’s investment return. The Fund may also invest in money market instruments, buy backs or dollar rolls, other securitized debt products, bank loans, various when-issued securities, exchange-traded notes, and other investment companies.

In addition to considering economic factors such as the rate of inflation and the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Inflation-Related Investment Risk. Inflation index swaps and other inflation-linked securities are subject to inflation risk. A swap held long by the Fund can potentially lose value if the rate of inflation over the life of the swap is less than the fixed rate that the Fund agrees to pay at the initiation of the swap. Except for the Fund’s investments in U.S. Treasury securities, which are guaranteed as to principal by the U.S. Treasury, the inflation-adjusted principal value of inflation-linked securities repaid at maturity may be less than the original principal. Because of the inflation-linked adjustment feature, inflation-linked securities typically have lower yields than conventional fixed-rate securities. In the event of deflation, where prices decline over time, the principal and income of inflation-linked securities will likely decline, resulting in losses to the Fund.

High-Yield/High-Risk Bond Risk. The Fund may invest up to 90% of its net assets in higher-yielding/higher-risk bonds, also known as “junk” bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Commodity-Linked Investments Risk. The Fund may invest in various commodity-linked investments that provide exposure to the commodities markets. Such exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a given commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.

Exchange-Traded Funds Risk. The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund’s performance.

The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Counterparty Risk. Certain derivative and “over-the-counter” instruments, such as swaps and forwards, are subject to the risk that the other party to a contract will not fulfill its contractual obligations.

Leverage Risk. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. In particular, certain commodity-linked investments may subject the Fund to leveraged market exposure to commodities. Leverage also occurs when the Fund increases its assets available for investment through borrowings, reverse repurchase agreements, or similar transactions. The Fund’s use of leverage can magnify the effect of any gains or losses, causing the Fund to be more volatile than if it had not been leveraged. There is no assurance that any leveraging strategy will be successful.

Reverse Repurchase Agreement Risk. Reverse repurchase agreements involve leverage risk, counterparty risk, and the risk that the value of securities that the Fund is obligated to repurchase under the agreement may decline below the repurchase price. When the Fund invests reverse repurchase transaction proceeds, the Fund is at risk for any fluctuations in the value of securities in which the proceeds are invested. To the extent the Fund uses reverse repurchase agreements, the value of an investment in the Fund may be more volatile, and such transactions may increase the Fund’s overall investment exposure. Additionally, interest expenses related to reverse repurchase transactions could exceed the rate of return on debt obligations and other investments held by the Fund, thereby reducing returns to shareholders.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Growth Securities Risk. The Fund invests in companies after assessing their growth potential. Securities of companies perceived to be “growth” companies may be more volatile than other stocks and may involve special risks. If the portfolio managers’ perception of a company’s growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund’s returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “growth” stocks may perform differently from the market as a whole and other types of securities.

Real Estate Risk. An investment in the Fund may be subject to many of the same risks as a direct investment in real estate. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Nondiversification Risk. The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund’s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund’s net asset value and total return.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Nondiversification Risk. The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund’s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund’s net asset value and total return.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund does not have a full calendar year of operations.
Janus Real Return Fund | Class A, C, S, I, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class A
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.70% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.50% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.49% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.01% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleYear01 620
3 Years rr_ExpenseExampleYear03 926
5 Years rr_ExpenseExampleYear05 1,253
10 Years rr_ExpenseExampleYear10 2,177
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 620
3 Years rr_ExpenseExampleNoRedemptionYear03 926
5 Years rr_ExpenseExampleNoRedemptionYear05 1,253
10 Years rr_ExpenseExampleNoRedemptionYear10 2,177
Janus Real Return Fund | Class A, C, S, I, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class C
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.69% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.24% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.48% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.76% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleYear01 327
3 Years rr_ExpenseExampleYear03 700
5 Years rr_ExpenseExampleYear05 1,199
10 Years rr_ExpenseExampleYear10 2,573
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 227
3 Years rr_ExpenseExampleNoRedemptionYear03 700
5 Years rr_ExpenseExampleNoRedemptionYear05 1,199
10 Years rr_ExpenseExampleNoRedemptionYear10 2,573
Janus Real Return Fund | Class A, C, S, I, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class S
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.94% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.74% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.48% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.26% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleYear01 177
3 Years rr_ExpenseExampleYear03 547
5 Years rr_ExpenseExampleYear05 943
10 Years rr_ExpenseExampleYear10 2,049
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 177
3 Years rr_ExpenseExampleNoRedemptionYear03 547
5 Years rr_ExpenseExampleNoRedemptionYear05 943
10 Years rr_ExpenseExampleNoRedemptionYear10 2,049
Janus Real Return Fund | Class A, C, S, I, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class I
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.69% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.24% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.48% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.76% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleYear01 126
3 Years rr_ExpenseExampleYear03 393
5 Years rr_ExpenseExampleYear05 680
10 Years rr_ExpenseExampleYear10 1,498
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 126
3 Years rr_ExpenseExampleNoRedemptionYear03 393
5 Years rr_ExpenseExampleNoRedemptionYear05 680
10 Years rr_ExpenseExampleNoRedemptionYear10 1,498
Janus Real Return Fund | Class A, C, S, I, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class T
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.94% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.49% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.48% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.01% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleYear01 151
3 Years rr_ExpenseExampleYear03 470
5 Years rr_ExpenseExampleYear05 812
10 Years rr_ExpenseExampleYear10 1,777
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 151
3 Years rr_ExpenseExampleNoRedemptionYear03 470
5 Years rr_ExpenseExampleNoRedemptionYear05 812
10 Years rr_ExpenseExampleNoRedemptionYear10 1,777
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (May 13, 2011) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
XML 63 R244.htm IDEA: XBRL DOCUMENT v2.4.0.6
Perkins Small Cap Value Fund | Class D Shares
Fund summary

Perkins Small Cap Value Fund
INVESTMENT OBJECTIVE
Perkins Small Cap Value Fund seeks capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Perkins Small Cap Value Fund
Class D Shares
Class D
Operating Expenses Column [Text] Class D
Management Fees (may adjust up or down) 0.75%
Other Expenses 0.20%
Total Annual Fund Operating Expenses 0.95%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Perkins Small Cap Value Fund Class D Shares Class D
Class D Shares 97 303 525 1,166
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 62% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund’s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund’s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.

The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The portfolio managers’ philosophy is to weigh a security’s downside risk before considering its upside potential, which may help provide an element of capital preservation.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Small-Sized Companies Risk. The Fund’s investments in securities issued by small-sized companies, which tend to be smaller, start-up companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares (formerly named Investor Shares). For the periods prior to April 21, 2003, the performance shown for Class D Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s Class J Shares). If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  23.04%          Worst Quarter:  Third Quarter 2002  −22.57%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 6.28%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Perkins Small Cap Value Fund Class D Shares
Column
Label
1 Year
5 Years
10 Years
Class D Return Before Taxes
Class D Shares Return Before Taxes (3.33%) 4.64% 7.25%
Class D Return After Taxes on Distributions
Class D Shares Return After Taxes on Distributions (5.81%) 2.91% 5.38%
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (0.51%) 3.44% 5.75%
Russell 2000 Value Index (reflects no deduction for expenses, fees, or taxes)
  Russell 2000® Value Index (5.50%) (1.87%) 6.40%
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; for the Fund’s Class J Shares (formerly named Investor Shares) for the period April 21, 2003 to February 16, 2010; and for Berger Small Cap Value Fund – Investor Shares for periods prior to April 21, 2003. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
XML 64 R233.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Large Cap Value Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Large Cap Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Large Cap Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 52% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 52.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of large-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies having, at the time of purchase, market capitalizations equal to or greater than the median market capitalization of companies included in the Russell 1000® Value Index. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $400.1 billion, and the median market capitalization was $4.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in exchange-traded funds (“ETFs”), including commodity-related ETFs, cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Exchange-Traded Funds Risk. The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund’s performance.

The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund's returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010. The performance shown for Class D Shares for the period July 6, 2009 to February 16, 2010, reflects the performance of the Fund’s Class I Shares, calculated using the fees and expenses of Class D Shares, without the effect of any fee and expense limitations or waivers. Performance shown for the period prior to July 6, 2009, reflects the historical performance of the Janus Adviser Perkins Large Cap Value Fund’s (“JAD predecessor fund”) Class I Shares prior to the reorganization of Class I Shares of the JAD predecessor fund into Class I Shares of the Fund, calculated using the fees and expenses of Class D Shares, without the effect of any fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  15.02%          Worst Quarter:  Third Quarter 2011  −14.77%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 13.38%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; for the Fund’s Class I Shares for the period following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for the period prior to July 6, 2009. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Perkins Large Cap Value Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.62%
Other Expenses rr_OtherExpensesOverAssets 0.33%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.95%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
1 Year rr_ExpenseExampleYear01 97
3 Years rr_ExpenseExampleYear03 303
5 Years rr_ExpenseExampleYear05 525
10 Years rr_ExpenseExampleYear10 1,166
2009 rr_AnnualReturn2009 23.61%
2010 rr_AnnualReturn2010 11.94%
2011 rr_AnnualReturn2011 (0.37%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 13.38%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.02%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.77%)
Perkins Large Cap Value Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (0.37%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.29%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class D Shares | Return After Taxes on Distributions | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (1.63%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 10.50%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [1]
1 Year rr_AverageAnnualReturnYear01 0.69%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 9.52%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class D Shares | Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 1000® Value Index
1 Year rr_AverageAnnualReturnYear01 0.39%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.55%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
XML 65 R59.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Flexible Bond Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Flexible Bond Fund seeks to obtain maximum total return, consistent with preservation of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 126% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 126.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 51 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund will invest at least 65% of its assets in investment grade debt securities. As of June 30, 2012, the Fund’s weighted average maturity was 7.9 years. The Fund will limit its investment in high-yield/high-risk bonds, also known as “junk bonds,” to 35% or less of its net assets. The Fund generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund may also invest in asset-backed securities, money market instruments, bank loans, and foreign debt securities (which may include investments in emerging markets). Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other Funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares for periods prior to December 31, 2011, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Third Quarter 2009  5.58%          Worst Quarter:  Second Quarter 2004  −2.99%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 7.11%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class A
Management Fees rr_ManagementFeesOverAssets 0.41%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.11%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.77%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleYear01 550
3 Years rr_ExpenseExampleYear03 709
5 Years rr_ExpenseExampleYear05 883
10 Years rr_ExpenseExampleYear10 1,384
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 550
3 Years rr_ExpenseExampleNoRedemptionYear03 709
5 Years rr_ExpenseExampleNoRedemptionYear05 883
10 Years rr_ExpenseExampleNoRedemptionYear10 1,384
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class C
Management Fees rr_ManagementFeesOverAssets 0.41%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.14%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.55%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleYear01 258
3 Years rr_ExpenseExampleYear03 490
5 Years rr_ExpenseExampleYear05 845
10 Years rr_ExpenseExampleYear10 1,845
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 158
3 Years rr_ExpenseExampleNoRedemptionYear03 490
5 Years rr_ExpenseExampleNoRedemptionYear05 845
10 Years rr_ExpenseExampleNoRedemptionYear10 1,845
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class S
Management Fees rr_ManagementFeesOverAssets 0.41%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.95%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleYear01 97
3 Years rr_ExpenseExampleYear03 303
5 Years rr_ExpenseExampleYear05 525
10 Years rr_ExpenseExampleYear10 1,166
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 97
3 Years rr_ExpenseExampleNoRedemptionYear03 303
5 Years rr_ExpenseExampleNoRedemptionYear05 525
10 Years rr_ExpenseExampleNoRedemptionYear10 1,166
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class I
Management Fees rr_ManagementFeesOverAssets 0.41%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.14%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.55%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleYear01 56
3 Years rr_ExpenseExampleYear03 176
5 Years rr_ExpenseExampleYear05 307
10 Years rr_ExpenseExampleYear10 689
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 56
3 Years rr_ExpenseExampleNoRedemptionYear03 176
5 Years rr_ExpenseExampleNoRedemptionYear05 307
10 Years rr_ExpenseExampleNoRedemptionYear10 689
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class N
Management Fees rr_ManagementFeesOverAssets 0.41%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.05% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.46%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class N Shares
1 Year rr_ExpenseExampleYear01 47
3 Years rr_ExpenseExampleYear03 148
5 Years rr_ExpenseExampleYear05 258
10 Years rr_ExpenseExampleYear10 579
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 47
3 Years rr_ExpenseExampleNoRedemptionYear03 148
5 Years rr_ExpenseExampleNoRedemptionYear05 258
10 Years rr_ExpenseExampleNoRedemptionYear10 579
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class R
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class R
Management Fees rr_ManagementFeesOverAssets 0.41%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.20%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class R Shares
1 Year rr_ExpenseExampleYear01 122
3 Years rr_ExpenseExampleYear03 381
5 Years rr_ExpenseExampleYear05 660
10 Years rr_ExpenseExampleYear10 1,455
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class R Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 122
3 Years rr_ExpenseExampleNoRedemptionYear03 381
5 Years rr_ExpenseExampleNoRedemptionYear05 660
10 Years rr_ExpenseExampleNoRedemptionYear10 1,455
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class T
Management Fees rr_ManagementFeesOverAssets 0.41%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.70%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleYear01 72
3 Years rr_ExpenseExampleYear03 224
5 Years rr_ExpenseExampleYear05 390
10 Years rr_ExpenseExampleYear10 871
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 72
3 Years rr_ExpenseExampleNoRedemptionYear03 224
5 Years rr_ExpenseExampleNoRedemptionYear05 390
10 Years rr_ExpenseExampleNoRedemptionYear10 871
2002 rr_AnnualReturn2002 9.93%
2003 rr_AnnualReturn2003 6.37%
2004 rr_AnnualReturn2004 3.82%
2005 rr_AnnualReturn2005 1.79%
2006 rr_AnnualReturn2006 4.12%
2007 rr_AnnualReturn2007 6.87%
2008 rr_AnnualReturn2008 5.64%
2009 rr_AnnualReturn2009 12.54%
2010 rr_AnnualReturn2010 7.45%
2011 rr_AnnualReturn2011 6.50%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.11%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 5.58%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2004
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (2.99%)
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class A Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
[2]
1 Year rr_AverageAnnualReturnYear01 1.38%
5 Years rr_AverageAnnualReturnYear05 6.68%
10 Years rr_AverageAnnualReturnYear10 5.92%
Since Inception rr_AverageAnnualReturnSinceInception 7.31%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class C Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
[3]
1 Year rr_AverageAnnualReturnYear01 4.63%
5 Years rr_AverageAnnualReturnYear05 6.98%
10 Years rr_AverageAnnualReturnYear10 5.73%
Since Inception rr_AverageAnnualReturnSinceInception 6.85%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class S Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.24%
5 Years rr_AverageAnnualReturnYear05 7.54%
10 Years rr_AverageAnnualReturnYear10 6.24%
Since Inception rr_AverageAnnualReturnSinceInception 7.38%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class I Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.66%
5 Years rr_AverageAnnualReturnYear05 7.77%
10 Years rr_AverageAnnualReturnYear10 6.46%
Since Inception rr_AverageAnnualReturnSinceInception 7.54%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class N Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.50%
5 Years rr_AverageAnnualReturnYear05 7.77%
10 Years rr_AverageAnnualReturnYear10 6.46%
Since Inception rr_AverageAnnualReturnSinceInception 7.54%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class R Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 5.98%
5 Years rr_AverageAnnualReturnYear05 7.27%
10 Years rr_AverageAnnualReturnYear10 5.99%
Since Inception rr_AverageAnnualReturnSinceInception 7.12%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 6.50%
5 Years rr_AverageAnnualReturnYear05 7.77%
10 Years rr_AverageAnnualReturnYear10 6.46%
Since Inception rr_AverageAnnualReturnSinceInception 7.54%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return After Taxes on Distributions | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 4.88%
5 Years rr_AverageAnnualReturnYear05 5.92%
10 Years rr_AverageAnnualReturnYear10 4.67%
Since Inception rr_AverageAnnualReturnSinceInception 4.92%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 4.44%
5 Years rr_AverageAnnualReturnYear05 5.61%
10 Years rr_AverageAnnualReturnYear10 4.50%
Since Inception rr_AverageAnnualReturnSinceInception 4.87%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
Janus Flexible Bond Fund | Class A, C, S, I, N, R, T Shares | Barclays U.S. Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Barclays U.S. Aggregate Bond Index
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 6.50%
10 Years rr_AverageAnnualReturnYear10 5.78%
Since Inception rr_AverageAnnualReturnSinceInception 7.34%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 1987
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
INTECH Global Dividend Fund | Class A, C, S, I, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

INTECH Global Dividend Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock INTECH Global Dividend Fund seeks long-term growth of capital and income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the period December 15, 2011 to June 30, 2012, the Fund’s portfolio turnover rate was 24% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 24.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 46 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets in dividend-paying securities. The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (“MSCI”) World High Dividend Yield Index, utilizing INTECH’s mathematical investment process. The MSCI World High Dividend Yield Index is designed to reflect the performance of the high dividend yield securities contained within the broader MSCI World Indexsm. The Fund may also invest in foreign equity and debt securities.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Dividend Risk. Companies that issue dividend-yielding securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund does not have a full calendar year of operations.
INTECH Global Dividend Fund | Class A, C, S, I, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class A
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 4.78%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.58% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 4.81% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.77% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleYear01 1,099
3 Years rr_ExpenseExampleYear03 2,139
5 Years rr_ExpenseExampleYear05 3,167
10 Years rr_ExpenseExampleYear10 5,684
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 1,099
3 Years rr_ExpenseExampleNoRedemptionYear03 2,139
5 Years rr_ExpenseExampleNoRedemptionYear05 3,167
10 Years rr_ExpenseExampleNoRedemptionYear10 5,684
INTECH Global Dividend Fund | Class A, C, S, I, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class C
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 4.78%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 6.33% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 4.81% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.52% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleYear01 729
3 Years rr_ExpenseExampleYear03 1,861
5 Years rr_ExpenseExampleYear05 3,061
10 Years rr_ExpenseExampleYear10 5,925
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 629
3 Years rr_ExpenseExampleNoRedemptionYear03 1,861
5 Years rr_ExpenseExampleNoRedemptionYear05 3,061
10 Years rr_ExpenseExampleNoRedemptionYear10 5,925
INTECH Global Dividend Fund | Class A, C, S, I, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class S
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 5.04%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.84% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 4.82% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.02% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleYear01 582
3 Years rr_ExpenseExampleYear03 1,730
5 Years rr_ExpenseExampleYear05 2,859
10 Years rr_ExpenseExampleYear10 5,600
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 582
3 Years rr_ExpenseExampleNoRedemptionYear03 1,730
5 Years rr_ExpenseExampleNoRedemptionYear05 2,859
10 Years rr_ExpenseExampleNoRedemptionYear10 5,600
INTECH Global Dividend Fund | Class A, C, S, I, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class I
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 4.52%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.07% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 4.55% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.52% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleYear01 507
3 Years rr_ExpenseExampleYear03 1,519
5 Years rr_ExpenseExampleYear05 2,531
10 Years rr_ExpenseExampleYear10 5,052
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 507
3 Years rr_ExpenseExampleNoRedemptionYear03 1,519
5 Years rr_ExpenseExampleNoRedemptionYear05 2,531
10 Years rr_ExpenseExampleNoRedemptionYear10 5,052
INTECH Global Dividend Fund | Class A, C, S, I, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class T
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 4.98%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.53% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 4.76% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.77% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleYear01 552
3 Years rr_ExpenseExampleYear03 1,646
5 Years rr_ExpenseExampleYear05 2,729
10 Years rr_ExpenseExampleYear10 5,386
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 552
3 Years rr_ExpenseExampleNoRedemptionYear03 1,646
5 Years rr_ExpenseExampleNoRedemptionYear05 2,729
10 Years rr_ExpenseExampleNoRedemptionYear10 5,386
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.50% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 15, 2011), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
XML 68 R197.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Large Cap Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Large Cap Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 52% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 52.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 60 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of large-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies having, at the time of purchase, market capitalizations equal to or greater than the median market capitalization of companies included in the Russell 1000® Value Index. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $400.1 billion, and the median market capitalization was $4.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in exchange-traded funds (“ETFs”), including commodity-related ETFs, cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  •   strong balance sheets and solid recurring free cash flows
  •   attractive relative and absolute valuation ratios or that have underperformed recently
  •   favorable reward to risk characteristics
The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Exchange-Traded Funds Risk. The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund’s performance.

The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser Perkins Large Cap Value Fund (“JAD predecessor fund”) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares, and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares reflects the performance of the Fund’s Class I Shares from July 6, 2009 to December 31, 2011, calculated using the fees and expenses of Class I Shares, net of any applicable fee and expense limitations or waivers. The performance shown for Class N Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class I Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers.
If Class T Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, Class N Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009 15.40%     Worst Quarter:  Third Quarter 2011  -14.75%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 13.59%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class A
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.62%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.26%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.13%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleYear01 684
3 Years rr_ExpenseExampleYear03 913
5 Years rr_ExpenseExampleYear05 1,161
10 Years rr_ExpenseExampleYear10 1,871
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 684
3 Years rr_ExpenseExampleNoRedemptionYear03 913
5 Years rr_ExpenseExampleNoRedemptionYear05 1,161
10 Years rr_ExpenseExampleNoRedemptionYear10 1,871
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class C
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.62%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.30%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.92%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleYear01 295
3 Years rr_ExpenseExampleYear03 603
5 Years rr_ExpenseExampleYear05 1,037
10 Years rr_ExpenseExampleYear10 2,243
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 195
3 Years rr_ExpenseExampleNoRedemptionYear03 603
5 Years rr_ExpenseExampleNoRedemptionYear05 1,037
10 Years rr_ExpenseExampleNoRedemptionYear10 2,243
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class S
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.62%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.38%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.25%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleYear01 127
3 Years rr_ExpenseExampleYear03 397
5 Years rr_ExpenseExampleYear05 686
10 Years rr_ExpenseExampleYear10 1,511
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 127
3 Years rr_ExpenseExampleNoRedemptionYear03 397
5 Years rr_ExpenseExampleNoRedemptionYear05 686
10 Years rr_ExpenseExampleNoRedemptionYear10 1,511
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class I
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.62%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.77%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleYear01 79
3 Years rr_ExpenseExampleYear03 246
5 Years rr_ExpenseExampleYear05 428
10 Years rr_ExpenseExampleYear10 954
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 79
3 Years rr_ExpenseExampleNoRedemptionYear03 246
5 Years rr_ExpenseExampleNoRedemptionYear05 428
10 Years rr_ExpenseExampleNoRedemptionYear10 954
2009 rr_AnnualReturn2009 25.15%
2010 rr_AnnualReturn2010 12.19%
2011 rr_AnnualReturn2011 (0.20%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 13.59%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.40%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.75%)
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class N
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.62%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.14% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.76%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class N Shares
1 Year rr_ExpenseExampleYear01 78
3 Years rr_ExpenseExampleYear03 243
5 Years rr_ExpenseExampleYear05 422
10 Years rr_ExpenseExampleYear10 942
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 78
3 Years rr_ExpenseExampleNoRedemptionYear03 243
5 Years rr_ExpenseExampleNoRedemptionYear05 422
10 Years rr_ExpenseExampleNoRedemptionYear10 942
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class T
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.62%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.38%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.00%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleYear01 102
3 Years rr_ExpenseExampleYear03 318
5 Years rr_ExpenseExampleYear05 552
10 Years rr_ExpenseExampleYear10 1,225
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 102
3 Years rr_ExpenseExampleNoRedemptionYear03 318
5 Years rr_ExpenseExampleNoRedemptionYear05 552
10 Years rr_ExpenseExampleNoRedemptionYear10 1,225
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class A Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
[2]
1 Year rr_AverageAnnualReturnYear01 (6.25%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 9.40%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class C Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
[3]
1 Year rr_AverageAnnualReturnYear01 (2.20%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 10.74%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class S Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (0.72%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.36%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class I Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (0.20%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.90%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class N Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (0.20%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.90%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (0.41%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.49%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Return After Taxes on Distributions | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class I Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (1.48%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.09%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class I Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions and Sale of Fund Shares
[4]
1 Year rr_AverageAnnualReturnYear01 0.81%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 10.04%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
Perkins Large Cap Value Fund | Class A, C, S, I, N, T Shares | Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Russell 1000® Value Index
1 Year rr_AverageAnnualReturnYear01 0.39%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.55%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
[4] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Government Money Market Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Government Money Market Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVES
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Government Money Market Fund seeks capital preservation and liquidity
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock with current income as a secondary objective.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objectives by investing exclusively in obligations issued and/or guaranteed as to principal and interest by the United States Government or by its agencies and instrumentalities, and repurchase agreements secured by such obligations. Although U.S. Government agencies and instrumentalities may be chartered or sponsored by Acts of Congress, their securities are not issued by, and may not be guaranteed by (i.e., backed by the full faith and credit of), the United States Treasury. Some government agency and instrumentality securities not backed by the full faith and credit of the United States are supported by the issuer’s ability to borrow from the U.S. Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way. For securities not backed by the full faith and credit of the U.S. Treasury, the Fund must look principally to the agency or instrumentality issuing or guaranteeing the securities for repayment and may not be able to assert a claim against the United States if the agency or instrumentality does not meet its commitment. The Fund’s investments in securities issued by U.S. Government agencies and instrumentalities may be significant.

The Fund will:
  • invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital
  • invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397 days or less (as calculated pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended)
  • maintain a dollar-weighted average portfolio maturity of 60 days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120 days or less
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Market Risk. The Fund’s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund’s yield. Over time, the real value of the Fund’s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer’s actual or perceived creditworthiness, or an issuer’s ability to meet its obligations. The credit quality of the Fund’s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund’s share price or yield to fall.

Collateral Risk. With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.

Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Risk Money Market Fund [Text] rr_RiskMoneyMarketFund Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund’s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Fourth Quarter 2006  1.21%          Worst Quarter:  Third Quarter 2011  0.00%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Money Market Seven Day Yield, Caption [Text] rr_MoneyMarketSevenDayYieldCaption The 7-day yield on December 31, 2011 was 0.00% for Janus Government Money Market Fund.
Money Market Seven Day Yield rr_MoneyMarketSevenDayYield 0.00%
Janus Government Money Market Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class D
Management Fees rr_ManagementFeesOverAssets 0.20%
Other Expenses rr_OtherExpensesOverAssets 0.49%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.69%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class D Shares
1 Year rr_ExpenseExampleYear01 70
3 Years rr_ExpenseExampleYear03 221
5 Years rr_ExpenseExampleYear05 384
10 Years rr_ExpenseExampleYear10 859
2002 rr_AnnualReturn2002 1.33%
2003 rr_AnnualReturn2003 0.65%
2004 rr_AnnualReturn2004 0.85%
2005 rr_AnnualReturn2005 2.70%
2006 rr_AnnualReturn2006 4.52%
2007 rr_AnnualReturn2007 4.66%
2008 rr_AnnualReturn2008 1.83%
2009 rr_AnnualReturn2009 0.01%
2010 rr_AnnualReturn2010 0.02%
2011 rr_AnnualReturn2011 0.00%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.00%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2006
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 1.21%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.00%
Janus Government Money Market Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class D Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 none
5 Years rr_AverageAnnualReturnYear05 1.29%
10 Years rr_AverageAnnualReturnYear10 1.64%
Since Inception rr_AverageAnnualReturnSinceInception 2.99%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 14, 1995
XML 72 R68.htm IDEA: XBRL DOCUMENT v2.4.0.6
Janus High-Yield Fund | Class A, C, S, I, N, R, T Shares
Fund summary

Janus High-Yield Fund
INVESTMENT OBJECTIVES
Janus High-Yield Fund seeks to obtain high current income.
Capital appreciation is a secondary investment objective when consistent with its primary investment objective.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 51 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Janus High-Yield Fund Class A, C, S, I, N, R, T Shares
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class N Class R Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 4.75% none none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Janus High-Yield Fund Class A, C, S, I, N, R, T Shares
Class A
Class C
Class S
Class I
Class N
Class R
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class N Class R Class T
Management Fees 0.57% 0.57% 0.57% 0.57% 0.57% 0.57% 0.57%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none 0.50% none
Other Expenses 0.17% 0.15% 0.29% 0.11% 0.04% [1] 0.29% 0.29%
Total Annual Fund Operating Expenses 0.99% 1.72% 1.11% 0.68% 0.61% 1.36% 0.86%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Janus High-Yield Fund Class A, C, S, I, N, R, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 571 775 996 1,630
Class C
Class C Shares 275 542 933 2,030
Class S
Class S Shares 113 353 612 1,352
Class I
Class I Shares 69 218 379 847
Class N
Class N Shares 62 195 340 762
Class R
Class R Shares 138 431 745 1,635
Class T
Class T Shares 88 274 477 1,061
If Shares are not redeemed:
Expense Example, No Redemption Janus High-Yield Fund Class A, C, S, I, N, R, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 571 775 996 1,630
Class C
Class C Shares 175 542 933 2,030
Class S
Class S Shares 113 353 612 1,352
Class I
Class I Shares 69 218 379 847
Class N
Class N Shares 62 195 340 762
Class R
Class R Shares 138 431 745 1,635
Class T
Class T Shares 88 274 477 1,061
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 61% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets in high-yield/high-risk securities rated below investment grade. Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may at times invest all of its assets in such securities. The Fund may also invest in bank loans, money market instruments, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income‒producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

High-Yield/High-Risk Bond Risk. The Fund may invest without limit in higher-yielding/higher-risk bonds, also known as “junk” bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares for periods prior to December 31, 2011, reflects the performance of the Fund’s Class T Shares, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  14.93%          Worst Quarter:  Fourth Quarter 2008   −12.96%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.73%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus High-Yield Fund Class A, C, S, I, N, R, T Shares
Column
Label
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes 3.20% 6.58% 7.42% 7.83% Dec. 29, 1995
Class T Shares Return After Taxes on Distributions
Class T Shares Return After Taxes On Distributions 0.64% 3.38% 4.48% 4.55% Dec. 29, 1995
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
Class T Shares Return After Taxes On Distributions and Sale of Fund Shares [1] 2.07% 3.65% 4.56% 4.65% Dec. 29, 1995
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (1.71%) 5.45% 6.82% 7.46% Dec. 29, 1995
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] 1.37% 5.74% 6.59% 7.02% Dec. 29, 1995
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes 2.95% 6.30% 7.12% 7.56% Dec. 29, 1995
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes 3.36% 6.58% 7.42% 7.83% Dec. 29, 1995
Class N Shares Return Before Taxes
Class N Shares Return Before Taxes 3.20% 6.58% 7.42% 7.83% Dec. 29, 1995
Class R Shares Return Before Taxes
Class R Shares Return Before Taxes 2.74% 6.01% 6.85% 7.29% Dec. 29, 1995
Barclays U.S. Corporate High-Yield Bond Index (reflects no deduction for expenses, fees, or taxes)
  Barclays U.S. Corporate High-Yield Bond Index 4.98% 7.54% 8.85% 7.18% Dec. 29, 1995
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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Janus Real Return Fund | Class A, C, S, I, T Shares
Fund summary

Janus Real Return Fund
(formerly named Janus Real Return Allocation Fund)
INVESTMENT OBJECTIVE
Janus Real Return Fund seeks real return consistent with preservation of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 31 of the Fund’s Prospectus and in the “Purchases” section on page 56 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Janus Real Return Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text]
Class A
Class C
Class S
Class I
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 4.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Janus Real Return Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text]
Class A
Class C
Class S
Class I
Class T
Management Fees 0.55% 0.55% 0.55% 0.55% 0.55%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses [1] 0.70% 0.69% 0.94% 0.69% 0.94%
Total Annual Fund Operating Expenses [2] 1.50% 2.24% 1.74% 1.24% 1.49%
Fee Waiver [2] 0.49% 0.48% 0.48% 0.48% 0.48%
Total Annual Fund Operating Expenses After Fee Waiver [2] 1.01% 1.76% 1.26% 0.76% 1.01%
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (May 13, 2011) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Janus Real Return Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
620 926 1,253 2,177
Class C
Class C Shares
327 700 1,199 2,573
Class S
Class S Shares
177 547 943 2,049
Class I
Class I Shares
126 393 680 1,498
Class T
Class T Shares
151 470 812 1,777
If Shares are not redeemed:
Expense Example, No Redemption Janus Real Return Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares
620 926 1,253 2,177
Class C
Class C Shares
227 700 1,199 2,573
Class S
Class S Shares
177 547 943 2,049
Class I
Class I Shares
126 393 680 1,498
Class T
Class T Shares
151 470 812 1,777
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 45% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by primarily investing in U.S. Treasury securities, short-duration high-yield/high-risk debt, commodity-linked investments, and equity securities. The Fund’s investments in U.S. Treasury securities may also include Treasury Inflation Protected Securities, also known as TIPS. As utilized by the Fund, each of these types of investments may be considered an “inflation-related investment,” which are those that may provide what is known as “real return,” or a rate of return above the rate of inflation over a full market cycle. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

The Fund may invest up to 90% of its net assets in short-duration high-yield/high-risk debt securities. The Fund’s investments in short-duration high-yield/high-risk securities include debt rated below investment grade, also known as “junk bonds.” Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may also invest in certain investment grade debt instruments, including corporate bonds, government bonds, municipal bonds, mortgage-backed securities, zero-coupon bonds, and agency securities. The Fund may invest in foreign debt securities.

To seek exposure to the commodities markets, the Fund may invest in commodity-linked investments such as commodity-related exchange-traded funds (“ETFs”), commodity index-linked swap agreements, commodity options and futures, and options on futures that provide exposure to the investment returns of the commodities markets. The Fund may also invest in other commodity-linked derivative instruments, such as commodity-linked notes (“structured notes”).

The Fund’s investments in equity securities may include common stock, preferred stock, and convertible securities, all of which may include exposure to foreign markets. The Fund may invest in companies of any market capitalization. The Fund’s equity investments may also include securities of real estate-related companies, including, but not limited to, real estate investment trusts (“REITs”) and similar REIT-like entities, such as foreign entities that have REIT characteristics.

The Fund may also invest in derivative instruments (by taking long and/or short positions) for various purposes, including hedging by shorting interest rate futures against long positions in TIPS, using inflation index swaps to hedge against unexpected changes in the rate of inflation, using interest rate swaps to hedge against changes in interest rates, to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment, and to earn income and enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

The Fund may also use reverse repurchase agreements to generate income as part of its inflation-related strategies. Proceeds from reverse repurchase agreement transactions may be invested in other securities or instruments to attempt to increase the Fund’s investment return. The Fund may also invest in money market instruments, buy backs or dollar rolls, other securitized debt products, bank loans, various when-issued securities, exchange-traded notes, and other investment companies.

In addition to considering economic factors such as the rate of inflation and the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Inflation-Related Investment Risk. Inflation index swaps and other inflation-linked securities are subject to inflation risk. A swap held long by the Fund can potentially lose value if the rate of inflation over the life of the swap is less than the fixed rate that the Fund agrees to pay at the initiation of the swap. Except for the Fund’s investments in U.S. Treasury securities, which are guaranteed as to principal by the U.S. Treasury, the inflation-adjusted principal value of inflation-linked securities repaid at maturity may be less than the original principal. Because of the inflation-linked adjustment feature, inflation-linked securities typically have lower yields than conventional fixed-rate securities. In the event of deflation, where prices decline over time, the principal and income of inflation-linked securities will likely decline, resulting in losses to the Fund.

High-Yield/High-Risk Bond Risk. The Fund may invest up to 90% of its net assets in higher-yielding/higher-risk bonds, also known as “junk” bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Commodity-Linked Investments Risk. The Fund may invest in various commodity-linked investments that provide exposure to the commodities markets. Such exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a given commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.

Exchange-Traded Funds Risk. The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund’s performance.

The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Counterparty Risk. Certain derivative and “over-the-counter” instruments, such as swaps and forwards, are subject to the risk that the other party to a contract will not fulfill its contractual obligations.

Leverage Risk. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. In particular, certain commodity-linked investments may subject the Fund to leveraged market exposure to commodities. Leverage also occurs when the Fund increases its assets available for investment through borrowings, reverse repurchase agreements, or similar transactions. The Fund’s use of leverage can magnify the effect of any gains or losses, causing the Fund to be more volatile than if it had not been leveraged. There is no assurance that any leveraging strategy will be successful.

Reverse Repurchase Agreement Risk. Reverse repurchase agreements involve leverage risk, counterparty risk, and the risk that the value of securities that the Fund is obligated to repurchase under the agreement may decline below the repurchase price. When the Fund invests reverse repurchase transaction proceeds, the Fund is at risk for any fluctuations in the value of securities in which the proceeds are invested. To the extent the Fund uses reverse repurchase agreements, the value of an investment in the Fund may be more volatile, and such transactions may increase the Fund’s overall investment exposure. Additionally, interest expenses related to reverse repurchase transactions could exceed the rate of return on debt obligations and other investments held by the Fund, thereby reducing returns to shareholders.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Growth Securities Risk. The Fund invests in companies after assessing their growth potential. Securities of companies perceived to be “growth” companies may be more volatile than other stocks and may involve special risks. If the portfolio managers’ perception of a company’s growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund’s returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “growth” stocks may perform differently from the market as a whole and other types of securities.

Real Estate Risk. An investment in the Fund may be subject to many of the same risks as a direct investment in real estate. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Nondiversification Risk. The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund’s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund’s net asset value and total return.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
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XML 75 R220.htm IDEA: XBRL DOCUMENT v2.4.0.6
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares
Fund summary

Perkins Value Plus Income Fund
INVESTMENT OBJECTIVE
Perkins Value Plus Income Fund seeks capital appreciation and current income.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 60 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Perkins Value Plus Income Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class N Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Perkins Value Plus Income Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class N Class T
Management Fees 0.60% 0.60% 0.60% 0.60% 0.60% 0.60%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none none
Other Expenses 0.65% 0.66% 0.88% 0.65% 0.63% [1] 0.88%
Total Annual Fund Operating Expenses [2] 1.50% 2.26% 1.73% 1.25% 1.23% 1.48%
Fee Waiver [2] 0.48% 0.49% 0.46% 0.48% 0.46% 0.46%
Total Annual Fund Operating Expenses After Fee Waiver [2] 1.02% 1.77% 1.27% 0.77% 0.77% 1.02%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (July 30, 2010), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Perkins Value Plus Income Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 719 1,022 1,346 2,263
Class C
Class C Shares 329 706 1,210 2,595
Class S
Class S Shares 176 545 939 2,041
Class I
Class I Shares 127 397 686 1,511
Class N
Class N Shares 125 390 676 1,489
Class T
Class T Shares 151 468 808 1,768
If Shares are not redeemed:
Expense Example, No Redemption Perkins Value Plus Income Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 719 1,022 1,346 2,263
Class C
Class C Shares 229 706 1,210 2,595
Class S
Class S Shares 176 545 939 2,041
Class I
Class I Shares 127 397 686 1,511
Class N
Class N Shares 125 390 676 1,489
Class T
Class T Shares 151 468 808 1,768
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 100% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by normally investing 40-60% of its assets in equity securities selected primarily for capital appreciation and investing the remainder in fixed-income securities and cash equivalents.

Equity Securities. The Fund’s equity investments generate total return from a combination of capital appreciation and, to a lesser degree, current income. Such equity investments may include companies of any size, but the Fund will invest primarily in large- and mid-sized companies whose stock prices the portfolio managers believe to be undervalued or have the potential for high relative dividend yields, or both. The Fund’s equity portfolio managers invest in companies which have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s equity portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
Fixed-Income Securities. The Fund’s fixed-income investments generate total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund normally invests the portion of its assets allocated to fixed-income investments in debt securities (including, but not limited to, government bonds, corporate bonds, mortgage-backed securities, asset-backed securities, zero-coupon bonds, and bank loans), convertible securities, and short-term securities. The Fund invests at least 50% of the fixed-income portion of its assets in investment grade debt securities. The Fund will limit its investment in high-yield/high-risk bonds, also known as “junk” bonds, to 50% or less of the fixed-income portion of its net assets.

In addition to considering economic factors such as the effect of interest rates on the Fund’s fixed-income investments, the Fund’s fixed-income portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.

The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets.

The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

Janus Capital is primarily responsible for the overall asset allocation of the Fund and manages the Fund’s fixed-income investments. Cash positions are considered a part of the Fund’s fixed-income allocation and will be managed by the Fund’s fixed-income portfolio managers. Perkins manages the Fund’s equity investments and assists the adviser in determining the Fund’s overall asset allocation. The Fund may periodically adjust its mix of equity and fixed-income investments in response to changing economic and market conditions, including outside the range of 40-60% of its assets in equity securities. Due to the nature of the fixed-income securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns and yields will vary, and you could lose money. The Fund is designed for long-term investors seeking a portfolio including common stocks and bonds selected for their potential to produce capital appreciation and current income. Common stocks tend to be more volatile than many other investment choices.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s equity portfolio managers.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Foreign Exposure Risk. The Fund may have significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the allocation of assets among the equity and fixed asset categories. You could lose money on your investment in the Fund as a result of these allocations. Portfolio management may favor an asset category that underperforms relative to other asset categories. For example, the Fund may be overweighted in equity securities when the stock market is falling and the fixed-income market is rising. Additionally, periodic rebalancing of Fund assets among asset categories may result in increased transaction costs, which may have a negative effect on the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares of the Fund commenced operations with the Fund’s inception.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares is calculated using the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares reflects the performance of the Fund’s Class I Shares, calculated using the fees and expenses of Class N Shares, without the effect of any fee and expense limitations or waivers. If Class N Shares of the Fund had been available during the periods shown, the performance may have been different.
The bar chart depicts the Fund’s performance during the period indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart
Best Quarter:  Fourth Quarter 2011  7.22%        Worst Quarter:  Third Quarter 2011 −7.73%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.53%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Perkins Value Plus Income Fund Class A, C, S, I, N, T Shares
Column
Label
1 Year
Since Inception
Inception Date
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes 3.74% 9.28% Jul. 30, 2010
Class I Shares Return After Taxes on Distributions
Class I Shares Return After Taxes on Distributions 1.66% 7.43% Jul. 30, 2010
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 2.73% 6.97% Jul. 30, 2010
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (2.44%) 4.63% Jul. 30, 2010
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] 1.79% 8.27% Jul. 30, 2010
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes 3.27% 8.80% Jul. 30, 2010
Class N Shares Return Before Taxes
Class N Shares Return Before Taxes 3.29% 8.81% Jul. 30, 2010
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes 3.54% 9.08% Jul. 30, 2010
Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
  Russell 1000® Value Index 0.39% 9.97% Jul. 30, 2010
Barclays U.S. Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
  Barclays U.S. Aggregate Bond Index 7.84% 5.51% Jul. 30, 2010
Value Income Index (reflects no deduction for expenses, fees, or taxes)
  Value Income Index 4.44% 8.16% Jul. 30, 2010
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
The Value Income Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Russell 1000® Value Index (50%) and the Barclays U.S. Aggregate Bond Index (50%).

After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Value Plus Income Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Value Plus Income Fund seeks capital appreciation and current income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 100% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 100.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 60 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by normally investing 40-60% of its assets in equity securities selected primarily for capital appreciation and investing the remainder in fixed-income securities and cash equivalents.

Equity Securities. The Fund’s equity investments generate total return from a combination of capital appreciation and, to a lesser degree, current income. Such equity investments may include companies of any size, but the Fund will invest primarily in large- and mid-sized companies whose stock prices the portfolio managers believe to be undervalued or have the potential for high relative dividend yields, or both. The Fund’s equity portfolio managers invest in companies which have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s equity portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
Fixed-Income Securities. The Fund’s fixed-income investments generate total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund normally invests the portion of its assets allocated to fixed-income investments in debt securities (including, but not limited to, government bonds, corporate bonds, mortgage-backed securities, asset-backed securities, zero-coupon bonds, and bank loans), convertible securities, and short-term securities. The Fund invests at least 50% of the fixed-income portion of its assets in investment grade debt securities. The Fund will limit its investment in high-yield/high-risk bonds, also known as “junk” bonds, to 50% or less of the fixed-income portion of its net assets.

In addition to considering economic factors such as the effect of interest rates on the Fund’s fixed-income investments, the Fund’s fixed-income portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.

The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets.

The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

Janus Capital is primarily responsible for the overall asset allocation of the Fund and manages the Fund’s fixed-income investments. Cash positions are considered a part of the Fund’s fixed-income allocation and will be managed by the Fund’s fixed-income portfolio managers. Perkins manages the Fund’s equity investments and assists the adviser in determining the Fund’s overall asset allocation. The Fund may periodically adjust its mix of equity and fixed-income investments in response to changing economic and market conditions, including outside the range of 40-60% of its assets in equity securities. Due to the nature of the fixed-income securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns and yields will vary, and you could lose money. The Fund is designed for long-term investors seeking a portfolio including common stocks and bonds selected for their potential to produce capital appreciation and current income. Common stocks tend to be more volatile than many other investment choices.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s equity portfolio managers.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Foreign Exposure Risk. The Fund may have significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the allocation of assets among the equity and fixed asset categories. You could lose money on your investment in the Fund as a result of these allocations. Portfolio management may favor an asset category that underperforms relative to other asset categories. For example, the Fund may be overweighted in equity securities when the stock market is falling and the fixed-income market is rising. Additionally, periodic rebalancing of Fund assets among asset categories may result in increased transaction costs, which may have a negative effect on the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns and yields will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares of the Fund commenced operations with the Fund’s inception.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares is calculated using the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares reflects the performance of the Fund’s Class I Shares, calculated using the fees and expenses of Class N Shares, without the effect of any fee and expense limitations or waivers. If Class N Shares of the Fund had been available during the periods shown, the performance may have been different.
The bar chart depicts the Fund’s performance during the period indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the Fund’s performance during the period indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Fourth Quarter 2011  7.22%        Worst Quarter:  Third Quarter 2011 −7.73%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.53%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The Value Income Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Russell 1000® Value Index (50%) and the Barclays U.S. Aggregate Bond Index (50%).

After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.65%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.50% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.48% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.02% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 719
3 Years rr_ExpenseExampleYear03 1,022
5 Years rr_ExpenseExampleYear05 1,346
10 Years rr_ExpenseExampleYear10 2,263
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 719
3 Years rr_ExpenseExampleNoRedemptionYear03 1,022
5 Years rr_ExpenseExampleNoRedemptionYear05 1,346
10 Years rr_ExpenseExampleNoRedemptionYear10 2,263
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.66%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.26% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.49% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.77% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 329
3 Years rr_ExpenseExampleYear03 706
5 Years rr_ExpenseExampleYear05 1,210
10 Years rr_ExpenseExampleYear10 2,595
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 229
3 Years rr_ExpenseExampleNoRedemptionYear03 706
5 Years rr_ExpenseExampleNoRedemptionYear05 1,210
10 Years rr_ExpenseExampleNoRedemptionYear10 2,595
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.88%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.73% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.46% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.27% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 176
3 Years rr_ExpenseExampleYear03 545
5 Years rr_ExpenseExampleYear05 939
10 Years rr_ExpenseExampleYear10 2,041
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 176
3 Years rr_ExpenseExampleNoRedemptionYear03 545
5 Years rr_ExpenseExampleNoRedemptionYear05 939
10 Years rr_ExpenseExampleNoRedemptionYear10 2,041
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.65%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.25% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.48% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.77% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 127
3 Years rr_ExpenseExampleYear03 397
5 Years rr_ExpenseExampleYear05 686
10 Years rr_ExpenseExampleYear10 1,511
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 127
3 Years rr_ExpenseExampleNoRedemptionYear03 397
5 Years rr_ExpenseExampleNoRedemptionYear05 686
10 Years rr_ExpenseExampleNoRedemptionYear10 1,511
2011 rr_AnnualReturn2011 3.74%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.53%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2011
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.22%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (7.73%)
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class N
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.63% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.23% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.46% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.77% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class N Shares
1 Year rr_ExpenseExampleYear01 125
3 Years rr_ExpenseExampleYear03 390
5 Years rr_ExpenseExampleYear05 676
10 Years rr_ExpenseExampleYear10 1,489
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 125
3 Years rr_ExpenseExampleNoRedemptionYear03 390
5 Years rr_ExpenseExampleNoRedemptionYear05 676
10 Years rr_ExpenseExampleNoRedemptionYear10 1,489
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.88%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.48% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.46% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.02% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 151
3 Years rr_ExpenseExampleYear03 468
5 Years rr_ExpenseExampleYear05 808
10 Years rr_ExpenseExampleYear10 1,768
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 151
3 Years rr_ExpenseExampleNoRedemptionYear03 468
5 Years rr_ExpenseExampleNoRedemptionYear05 808
10 Years rr_ExpenseExampleNoRedemptionYear10 1,768
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Return After Taxes on Distributions | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 1.66%
Since Inception rr_AverageAnnualReturnSinceInception 7.43%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [3]
1 Year rr_AverageAnnualReturnYear01 2.73%
Since Inception rr_AverageAnnualReturnSinceInception 6.97%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 1000® Value Index
1 Year rr_AverageAnnualReturnYear01 0.39%
Since Inception rr_AverageAnnualReturnSinceInception 9.97%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Barclays U.S. Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays U.S. Aggregate Bond Index
1 Year rr_AverageAnnualReturnYear01 7.84%
Since Inception rr_AverageAnnualReturnSinceInception 5.51%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
Perkins Value Plus Income Fund | Class A, C, S, I, N, T Shares | Value Income Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Value Income Index
1 Year rr_AverageAnnualReturnYear01 4.44%
Since Inception rr_AverageAnnualReturnSinceInception 8.16%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 30, 2010
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (July 30, 2010), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
[2] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[3] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
XML 77 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Janus Moderate Allocation Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Moderate Allocation Fund seeks total return through growth of capital and income.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 18% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 18.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 45 of the Fund’s Prospectus and in the “Purchases” section on page 63 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 60% to stocks and 40% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 60% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 40% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Market Risk. Approximately 60% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Fixed-Income Securities Risk. Approximately 40% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  14.27%        Worst Quarter:  Fourth Quarter 2008  −11.62%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.26%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The Moderate Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (40%), the Barclays U.S. Aggregate Bond Index (40%), the MSCI EAFE® Index (18%), and the Morgan Stanley Capital International Emerging Markets Free Indexsm (2%).

After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class A
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.15% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.14%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleYear01 685
3 Years rr_ExpenseExampleYear03 916
5 Years rr_ExpenseExampleYear05 1,167
10 Years rr_ExpenseExampleYear10 1,881
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 685
3 Years rr_ExpenseExampleNoRedemptionYear03 916
5 Years rr_ExpenseExampleNoRedemptionYear05 1,167
10 Years rr_ExpenseExampleNoRedemptionYear10 1,881
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class C
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.24% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.98%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleYear01 301
3 Years rr_ExpenseExampleYear03 621
5 Years rr_ExpenseExampleYear05 1,068
10 Years rr_ExpenseExampleYear10 2,306
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 201
3 Years rr_ExpenseExampleNoRedemptionYear03 621
5 Years rr_ExpenseExampleNoRedemptionYear05 1,068
10 Years rr_ExpenseExampleNoRedemptionYear10 2,306
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class S
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.33% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.32%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleYear01 134
3 Years rr_ExpenseExampleYear03 418
5 Years rr_ExpenseExampleYear05 723
10 Years rr_ExpenseExampleYear10 1,590
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 134
3 Years rr_ExpenseExampleNoRedemptionYear03 418
5 Years rr_ExpenseExampleNoRedemptionYear05 723
10 Years rr_ExpenseExampleNoRedemptionYear10 1,590
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class I
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.16% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.90%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleYear01 92
3 Years rr_ExpenseExampleYear03 287
5 Years rr_ExpenseExampleYear05 498
10 Years rr_ExpenseExampleYear10 1,108
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 92
3 Years rr_ExpenseExampleNoRedemptionYear03 287
5 Years rr_ExpenseExampleNoRedemptionYear05 498
10 Years rr_ExpenseExampleNoRedemptionYear10 1,108
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class T
Management Fees rr_ManagementFeesOverAssets 0.05%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.34% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.08%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleYear01 110
3 Years rr_ExpenseExampleYear03 343
5 Years rr_ExpenseExampleYear05 595
10 Years rr_ExpenseExampleYear10 1,317
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 110
3 Years rr_ExpenseExampleNoRedemptionYear03 343
5 Years rr_ExpenseExampleNoRedemptionYear05 595
10 Years rr_ExpenseExampleNoRedemptionYear10 1,317
2006 rr_AnnualReturn2006 14.28%
2007 rr_AnnualReturn2007 12.71%
2008 rr_AnnualReturn2008 (25.28%)
2009 rr_AnnualReturn2009 30.34%
2010 rr_AnnualReturn2010 12.19%
2011 rr_AnnualReturn2011 (2.61%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.26%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.27%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (11.62%)
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class A Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
[2]
1 Year rr_AverageAnnualReturnYear01 (8.26%)
5 Years rr_AverageAnnualReturnYear05 2.33%
Since Inception rr_AverageAnnualReturnSinceInception 4.19%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class C Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
[3]
1 Year rr_AverageAnnualReturnYear01 (4.34%)
5 Years rr_AverageAnnualReturnYear05 2.80%
Since Inception rr_AverageAnnualReturnSinceInception 4.46%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class S Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.93%)
5 Years rr_AverageAnnualReturnYear05 3.30%
Since Inception rr_AverageAnnualReturnSinceInception 4.97%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class I Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.47%)
5 Years rr_AverageAnnualReturnYear05 3.70%
Since Inception rr_AverageAnnualReturnSinceInception 5.39%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.61%)
5 Years rr_AverageAnnualReturnYear05 3.70%
Since Inception rr_AverageAnnualReturnSinceInception 5.39%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (3.32%)
5 Years rr_AverageAnnualReturnYear05 2.81%
Since Inception rr_AverageAnnualReturnSinceInception 4.55%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions and Sale of Fund Shares
[4]
1 Year rr_AverageAnnualReturnYear01 (1.57%)
5 Years rr_AverageAnnualReturnYear05 2.71%
Since Inception rr_AverageAnnualReturnSinceInception 4.22%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
S&P 500® Index
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
Since Inception rr_AverageAnnualReturnSinceInception 2.26%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
Janus Moderate Allocation Fund | Class A, C, S, I, T Shares | Moderate Allocation Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Moderate Allocation Index
1 Year rr_AverageAnnualReturnYear01 0.96%
5 Years rr_AverageAnnualReturnYear05 2.43%
Since Inception rr_AverageAnnualReturnSinceInception 4.16%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
[4] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
XML 78 R219.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Small Cap Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Small Cap Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 62% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 62.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page 60 of the Fund's Prospectus and in the "Purchases" section on page 83 of the Fund's Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund’s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund’s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.

The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The portfolio managers’ philosophy is to weigh a security’s downside risk before considering its upside potential, which may help provide an element of capital preservation.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Small-Sized Companies Risk. The Fund’s investments in securities issued by small-sized companies, which tend to be smaller, start-up companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund commenced operations on July 6, 2009. Class N Shares of the Fund commenced operations on May 31, 2012.
  • The performance shown for Class T Shares for periods following April 21, 2003, reflects the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class T Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s former Class J Shares).
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares) from April 21, 2003 to July 6, 2009, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers. For periods prior to April 21, 2003, the performance shown for Class A Shares, Class C Shares, Class S Shares, and Class R Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares) from April 21, 2003 to July 6, 2009, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class I Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares reflects the performance of the Fund’s Class T Shares from July 6, 2009 to December 31, 2011, calculated using the fees and expenses of Class T Shares, net of any applicable fee and expense limitations or waivers. For the period from April 21, 2003 to July 6, 2009, the performance shown for Class N Shares reflects the performance of the Fund’s Class J Shares (formerly named Investor Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class N Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s former Class J Shares), calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class R Shares of the Fund had been available during periods prior to July 6, 2009, or Class N Shares of the Fund had been available during periods prior to December 31, 2011, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, Class I Shares, Class N Shares, and Class R Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best Quarter:  Second Quarter 2009  23.04%          Worst Quarter:  Third Quarter 2002  −22.57%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 6.24%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares) for the periods following April 21, 2003; and for Berger Small Cap Value Fund – Investor Shares for periods prior to April 21, 2003. If Class T Shares of the Fund had been available during the periods prior to April 21, 2003, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.39% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.39% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.15% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.24% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 708
3 Years rr_ExpenseExampleYear03 990
5 Years rr_ExpenseExampleYear05 1,292
10 Years rr_ExpenseExampleYear10 2,148
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 708
3 Years rr_ExpenseExampleNoRedemptionYear03 990
5 Years rr_ExpenseExampleNoRedemptionYear05 1,292
10 Years rr_ExpenseExampleNoRedemptionYear10 2,148
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.30% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.05% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.06% [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.99% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 308
3 Years rr_ExpenseExampleYear03 643
5 Years rr_ExpenseExampleYear05 1,103
10 Years rr_ExpenseExampleYear10 2,379
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 208
3 Years rr_ExpenseExampleNoRedemptionYear03 643
5 Years rr_ExpenseExampleNoRedemptionYear05 1,103
10 Years rr_ExpenseExampleNoRedemptionYear10 2,379
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.29% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.29% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.29% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 131
3 Years rr_ExpenseExampleYear03 409
5 Years rr_ExpenseExampleYear05 708
10 Years rr_ExpenseExampleYear10 1,556
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 131
3 Years rr_ExpenseExampleNoRedemptionYear03 409
5 Years rr_ExpenseExampleNoRedemptionYear05 708
10 Years rr_ExpenseExampleNoRedemptionYear10 1,556
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.14% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.89% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.89% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 91
3 Years rr_ExpenseExampleYear03 284
5 Years rr_ExpenseExampleYear05 493
10 Years rr_ExpenseExampleYear10 1,096
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 91
3 Years rr_ExpenseExampleNoRedemptionYear03 284
5 Years rr_ExpenseExampleNoRedemptionYear05 493
10 Years rr_ExpenseExampleNoRedemptionYear10 1,096
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class N
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class N
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.04% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.79% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.79% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class N Shares
1 Year rr_ExpenseExampleYear01 81
3 Years rr_ExpenseExampleYear03 252
5 Years rr_ExpenseExampleYear05 439
10 Years rr_ExpenseExampleYear10 978
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class N Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 81
3 Years rr_ExpenseExampleNoRedemptionYear03 252
5 Years rr_ExpenseExampleNoRedemptionYear05 439
10 Years rr_ExpenseExampleNoRedemptionYear10 978
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class R
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class R
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.29% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.54% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.54% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class R Shares
1 Year rr_ExpenseExampleYear01 157
3 Years rr_ExpenseExampleYear03 486
5 Years rr_ExpenseExampleYear05 839
10 Years rr_ExpenseExampleYear10 1,834
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class R Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 157
3 Years rr_ExpenseExampleNoRedemptionYear03 486
5 Years rr_ExpenseExampleNoRedemptionYear05 839
10 Years rr_ExpenseExampleNoRedemptionYear10 1,834
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.30% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.05% [2]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.05% [2]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 107
3 Years rr_ExpenseExampleYear03 334
5 Years rr_ExpenseExampleYear05 579
10 Years rr_ExpenseExampleYear10 1,283
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 107
3 Years rr_ExpenseExampleNoRedemptionYear03 334
5 Years rr_ExpenseExampleNoRedemptionYear05 579
10 Years rr_ExpenseExampleNoRedemptionYear10 1,283
2002 rr_AnnualReturn2002 (15.59%)
2003 rr_AnnualReturn2003 36.78%
2004 rr_AnnualReturn2004 13.57%
2005 rr_AnnualReturn2005 8.90%
2006 rr_AnnualReturn2006 12.37%
2007 rr_AnnualReturn2007 2.97%
2008 rr_AnnualReturn2008 (21.79%)
2009 rr_AnnualReturn2009 36.59%
2010 rr_AnnualReturn2010 17.87%
2011 rr_AnnualReturn2011 (3.43%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.24%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.04%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2002
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.57%)
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class A Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [3]
1 Year rr_AverageAnnualReturnYear01 (9.12%)
5 Years rr_AverageAnnualReturnYear05 3.17%
10 Years rr_AverageAnnualReturnYear10 6.34%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class C Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes [4]
1 Year rr_AverageAnnualReturnYear01 (5.21%)
5 Years rr_AverageAnnualReturnYear05 3.62%
10 Years rr_AverageAnnualReturnYear10 6.22%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class S Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (3.69%)
5 Years rr_AverageAnnualReturnYear05 4.36%
10 Years rr_AverageAnnualReturnYear10 6.98%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class I Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (3.28%)
5 Years rr_AverageAnnualReturnYear05 4.60%
10 Years rr_AverageAnnualReturnYear10 7.23%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class N Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (3.43%)
5 Years rr_AverageAnnualReturnYear05 4.60%
10 Years rr_AverageAnnualReturnYear10 7.23%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class R Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (3.89%)
5 Years rr_AverageAnnualReturnYear05 4.10%
10 Years rr_AverageAnnualReturnYear10 6.72%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (3.43%)
5 Years rr_AverageAnnualReturnYear05 4.60%
10 Years rr_AverageAnnualReturnYear10 7.23%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return After Taxes on Distributions | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (5.87%)
5 Years rr_AverageAnnualReturnYear05 2.87%
10 Years rr_AverageAnnualReturnYear10 5.36%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class T Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [5]
1 Year rr_AverageAnnualReturnYear01 (0.57%)
5 Years rr_AverageAnnualReturnYear05 3.41%
10 Years rr_AverageAnnualReturnYear10 5.73%
Perkins Small Cap Value Fund | Class A, C, S, I, N, R, T Shares | Russell 2000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 2000® Value Index
1 Year rr_AverageAnnualReturnYear01 (5.50%)
5 Years rr_AverageAnnualReturnYear05 (1.87%)
10 Years rr_AverageAnnualReturnYear10 6.40%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, Class S Shares, and Class R Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.96% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
[3] Calculated assuming maximum permitted sales loads.
[4] The one year return is calculated to include the contingent deferred sales charge.
[5] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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Perkins Select Value Fund | Class A, C, S, I, N, T Shares
Fund summary

Perkins Select Value Fund
INVESTMENT OBJECTIVE
Perkins Select Value Fund seeks capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 60 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Perkins Select Value Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class N Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Perkins Select Value Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class N Class T
Management Fees (may adjust up or down) 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none none
Other Expenses 0.56% 0.73% 0.78% 0.56% 0.56% [1] 0.74%
Total Annual Fund Operating Expenses [2] 1.51% 2.43% 1.73% 1.26% 1.26% 1.44%
Fee Waiver [2] 0.24% 0.41% 0.21% 0.24% 0.24% 0.17%
Total Annual Fund Operating Expenses After Fee Waiver [2] 1.27% 2.02% 1.52% 1.02% 1.02% 1.27%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Perkins Select Value Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 720 1,025 1,351 2,273
Class C
Class C Shares 346 758 1,296 2,766
Class S
Class S Shares 176 545 939 2,041
Class I
Class I Shares 128 400 692 1,523
Class N
Class N Shares 128 400 692 1,523
Class T
Class T Shares 147 456 787 1,724
If Shares are not redeemed:
Expense Example, No Redemption Perkins Select Value Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 720 1,025 1,351 2,273
Class C
Class C Shares 246 758 1,296 2,766
Class S
Class S Shares 176 545 939 2,041
Class I
Class I Shares 128 400 692 1,523
Class N
Class N Shares 128 400 692 1,523
Class T
Class T Shares 147 456 787 1,724
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the period December 15, 2011 to June 30, 2012, the Fund’s portfolio turnover rate was 80% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of companies of any size whose stock prices the portfolio managers believe to be undervalued. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund’s cash or similar investments may increase.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
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Perkins Value Plus Income Fund | Class D Shares
Fund summary

Perkins Value Plus Income Fund
INVESTMENT OBJECTIVE
Perkins Value Plus Income Fund seeks capital appreciation and current income.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Perkins Value Plus Income Fund
Class D Shares
Class D
Operating Expenses Column [Text] Class D
Management Fees 0.60%
Other Expenses 0.81%
Total Annual Fund Operating Expenses [1] 1.41%
Fee Waiver [1] 0.50%
Total Annual Fund Operating Expenses After Fee Waiver [1] 0.91%
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (July 30, 2010), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Perkins Value Plus Income Fund Class D Shares Class D
Class D Shares 144 446 771 1,691
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 100% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by normally investing 40-60% of its assets in equity securities selected primarily for capital appreciation and investing the remainder in fixed-income securities and cash equivalents.

Equity Securities. The Fund’s equity investments generate total return from a combination of capital appreciation and, to a lesser degree, current income. Such equity investments may include companies of any size, but the Fund will invest primarily in large- and mid-sized companies whose stock prices the portfolio managers believe to be undervalued or have the potential for high relative dividend yields, or both. The Fund’s equity portfolio managers invest in companies which have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s equity portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
Fixed-Income Securities. The Fund’s fixed-income investments generate total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund normally invests the portion of its assets allocated to fixed-income investments in debt securities (including, but not limited to, government bonds, corporate bonds, mortgage-backed securities, asset-backed securities, zero-coupon bonds, and bank loans), convertible securities, and short-term securities. The Fund invests at least 50% of the fixed-income portion of its assets in investment grade debt securities. The Fund will limit its investment in high-yield/high-risk bonds, also known as “junk” bonds, to 50% or less of the fixed-income portion of its net assets.

In addition to considering economic factors such as the effect of interest rates on the Fund’s fixed-income investments, the Fund’s fixed-income portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.

The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets.

The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

Janus Capital is primarily responsible for the overall asset allocation of the Fund and manages the Fund’s fixed-income investments. Cash positions are considered a part of the Fund’s fixed-income allocation and will be managed by the Fund’s fixed-income portfolio managers. Perkins manages the Fund’s equity investments and assists the adviser in determining the Fund’s overall asset allocation. The Fund may periodically adjust its mix of equity and fixed-income investments in response to changing economic and market conditions, including outside the range of 40-60% of its assets in equity securities. Due to the nature of the fixed-income securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns and yields will vary, and you could lose money. The Fund is designed for long-term investors seeking a portfolio including common stocks and bonds selected for their potential to produce capital appreciation and current income. Common stocks tend to be more volatile than many other investment choices.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s equity portfolio managers.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

Foreign Exposure Risk. The Fund may have significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the allocation of assets among the equity and fixed asset categories. You could lose money on your investment in the Fund as a result of these allocations. Portfolio management may favor an asset category that underperforms relative to other asset categories. For example, the Fund may be overweighted in equity securities when the stock market is falling and the fixed-income market is rising. Additionally, periodic rebalancing of Fund assets among asset categories may result in increased transaction costs, which may have a negative effect on the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The bar chart depicts the Fund’s performance during the period indicated. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Fourth Quarter 2011  7.30%        Worst Quarter:  Third Quarter 2011  −7.84%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.38%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Perkins Value Plus Income Fund Class D Shares
Column
Label
1 Year
Since Inception
Inception Date
Class D Return Before Taxes
Class D Shares Return Before Taxes 3.66% 9.21% Jul. 30, 2010
Class D Return After Taxes on Distributions
Class D Shares Return After Taxes on Distributions 1.61% 7.38% Jul. 30, 2010
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 2.68% 6.92% Jul. 30, 2010
Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
  Russell 1000® Value Index 0.39% 9.97% Jul. 30, 2010
Barclays U.S. Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
  Barclays U.S. Aggregate Bond Index 7.84% 5.51% Jul. 30, 2010
Value Income Index (reflects no deduction for expenses, fees, or taxes)
  Value Income Index 4.44% 8.16% Jul. 30, 2010
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
The Value Income Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Russell 1000® Value Index (50%) and the Barclays U.S. Aggregate Bond Index (50%).

After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
XML 81 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
12 Months Ended
Oct. 26, 2012
Risk/Return:  
Document Type 485BPOS
Document Period End Date Jun. 30, 2012
Registrant Name JANUS INVESTMENT FUND
Central Index Key 0000277751
Amendment Flag false
Document Creation Date Oct. 25, 2012
Document Effective Date Oct. 26, 2012
Prospectus Date Oct. 26, 2012
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Janus Growth Allocation Fund | Class A, C, S, I, T Shares
Fund summary

Janus Growth Allocation Fund
INVESTMENT OBJECTIVE
Janus Growth Allocation Fund seeks total return through a primary emphasis on growth of capital with a secondary emphasis on income.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 45 of the Fund’s Prospectus and in the “Purchases” section on page 63 of the Fund’s Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Janus Growth Allocation Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Janus Growth Allocation Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class T
Management Fees 0.05% 0.05% 0.05% 0.05% 0.05%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses [1] 0.22% 0.33% 0.36% 0.20% 0.37%
Acquired Fund Fees and Expenses 0.76% 0.76% 0.76% 0.76% 0.76%
Total Annual Fund Operating Expenses 1.28% 2.14% 1.42% 1.01% 1.18%
[1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Janus Growth Allocation Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 698 958 1,237 2,031
Class C
Class C Shares 317 670 1,149 2,472
Class S
Class S Shares 145 449 776 1,702
Class I
Class I Shares 103 322 558 1,236
Class T
Class T Shares 120 375 649 1,432
If Shares are not redeemed:
Expense Example, No Redemption Janus Growth Allocation Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 698 958 1,237 2,031
Class C
Class C Shares 217 670 1,149 2,472
Class S
Class S Shares 145 449 776 1,702
Class I
Class I Shares 103 322 558 1,236
Class T
Class T Shares 120 375 649 1,432
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 18% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 80% to stocks and 20% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

The Fund will normally allocate approximately 80% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 20% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

Main Risks Associated with the Fund
Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

Main Risks Associated with the Underlying Funds and Securities
The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

Market Risk. Approximately 80% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Fixed-Income Securities Risk. Approximately 20% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
  • The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class T Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  18.37%          Worst Quarter:  Fourth Quarter 2008  −18.05%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 11.44%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus Growth Allocation Fund Class A, C, S, I, T Shares
Column
Label
1 Year
5 Years
Since Inception
Inception Date
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes (6.49%) 1.64% 4.27% Dec. 30, 2005
Class T Shares Return After Taxes on Distributions
Class T Shares Return After Taxes on Distributions (6.91%) 1.01% 3.66% Dec. 30, 2005
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
Class T Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (4.07%) 1.13% 3.42% Dec. 30, 2005
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (11.93%) 0.30% 3.10% Dec. 30, 2005
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] (8.17%) 0.75% 3.35% Dec. 30, 2005
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes (6.79%) 1.27% 3.88% Dec. 30, 2005
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes (6.38%) 1.64% 4.27% Dec. 30, 2005
S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
  S&P 500® Index 2.11% (0.25%) 2.26% Dec. 30, 2005
Growth Allocation Index (reflects no deduction for expenses, fees, or taxes)
  Growth Allocation Index (2.07%) 0.80% 3.31% Dec. 30, 2005
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
The Growth Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (50%), the MSCI EAFE® Index (25%), the Barclays U.S. Aggregate Bond Index (20%), and the Morgan Stanley Capital International Emerging Markets Free Indexsm (5%).

After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
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INTECH U.S. Core Fund | Class D Shares
Fund summary

INTECH U.S. Core Fund
INVESTMENT OBJECTIVE
INTECH U.S. Core Fund seeks long-term growth of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
INTECH U.S. Core Fund
Class D Shares
Class D
Operating Expenses Column [Text]
Class D
Management Fees (may adjust up or down) 0.54%
Other Expenses 0.30%
Total Annual Fund Operating Expenses 0.84%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
INTECH U.S. Core Fund Class D Shares Class D
Class D Shares
86 268 466 1,037
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 73% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the S&P 500® Index, utilizing INTECH’s mathematical investment process. The S&P 500® Index is an unmanaged index of 500 stocks that is generally representative of the performance of larger companies in the United States.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  14.79%        Worst Quarter:  Fourth Quarter 2008 -21.49%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 14.92%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns INTECH U.S. Core Fund Class D Shares
Column
Label
1 Year
5 Years
Since Inception
Inception Date
Class D Return Before Taxes
Class D Shares
Return Before Taxes
5.07% 0.29% 7.81% Feb. 28, 2003
Class D Return After Taxes on Distributions
Class D Shares
Return After Taxes on Distributions
4.92% (0.20%) 7.08% Feb. 28, 2003
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares
Return After Taxes on Distributions and Sale of Fund Shares
[1] 3.50% 0.21% 6.74% Feb. 28, 2003
S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
 
S&P 500® Index
2.11% (0.25%) 6.77% Feb. 28, 2003
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Perkins Mid Cap Value Fund | Class L Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

Perkins Mid Cap Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Mid Cap Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 54% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 54.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
  • strong balance sheets and solid recurring free cash flows
  • attractive relative and absolute valuation ratios or that have underperformed recently
  • favorable reward to risk characteristics
The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The performance shown for periods following April 21, 2003, reflects the fees and expenses of Class L Shares (formerly named Institutional Shares), net of any applicable fee and expense limitations or waivers. The performance shown for Class L Shares for the periods from May 17, 2002 to April 17, 2003, reflects the historical performance of Berger Mid Cap Value Fund – Institutional Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Institutional Shares into the Fund’s Class L Shares). For the periods prior to May 17, 2002, the performance shown reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class L Shares (calendar year-end) [1]
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2003  17.19%          Worst Quarter:  Fourth Quarter 2008  −19.56%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.05%.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class L Shares (formerly named Institutional Shares) for the periods following April 21, 2003 for Berger Mid Cap Value Fund – Institutional Shares for the period May 17, 2002 to April 17, 2003; and for Berger Mid Cap Value Fund – Investor Shares for periods prior to May 17, 2002. If Class L Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (periods ended 12/31/11) [1]
Perkins Mid Cap Value Fund | Class L Shares | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class L
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Other Expenses rr_OtherExpensesOverAssets 0.30%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.84%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class L Shares
1 Year rr_ExpenseExampleYear01 86
3 Years rr_ExpenseExampleYear03 268
5 Years rr_ExpenseExampleYear05 466
10 Years rr_ExpenseExampleYear10 1,037
2002 rr_AnnualReturn2002 (12.95%)
2003 rr_AnnualReturn2003 39.77%
2004 rr_AnnualReturn2004 18.56%
2005 rr_AnnualReturn2005 10.53%
2006 rr_AnnualReturn2006 15.42%
2007 rr_AnnualReturn2007 7.56%
2008 rr_AnnualReturn2008 (27.19%)
2009 rr_AnnualReturn2009 30.74%
2010 rr_AnnualReturn2010 15.01%
2011 rr_AnnualReturn2011 (2.33%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 9.05%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:  
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.19%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:  
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (19.56%)
Perkins Mid Cap Value Fund | Class L Shares | Return Before Taxes | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class L Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (2.33%)
5 Years rr_AverageAnnualReturnYear05 2.84%
10 Years rr_AverageAnnualReturnYear10 7.79%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 11.92%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class L Shares | Return After Taxes on Distributions | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class L Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (3.70%)
5 Years rr_AverageAnnualReturnYear05 1.81%
10 Years rr_AverageAnnualReturnYear10 6.66%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 10.45%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class L Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class L Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [2]
1 Year rr_AverageAnnualReturnYear01 (0.03%)
5 Years rr_AverageAnnualReturnYear05 2.21%
10 Years rr_AverageAnnualReturnYear10 6.51%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 10.08%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
Perkins Mid Cap Value Fund | Class L Shares | Russell Midcap Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell Midcap® Value Index
1 Year rr_AverageAnnualReturnYear01 (1.38%)
5 Years rr_AverageAnnualReturnYear05 0.04%
10 Years rr_AverageAnnualReturnYear10 7.67%
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 7.70%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 12, 1998
[1] Fund returns for periods prior to the Fund's adoption of share classes reflect a 0.25% 12b-1 fee, which has not been paid by the Class L Shares (formerly named Institutional Shares) since the class commenced investment operations on May 17, 2002.
[2] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
XML 87 R164.htm IDEA: XBRL DOCUMENT v2.4.0.6
INTECH U.S. Growth Fund | Class A, C, S, I, T Shares
Fund summary

INTECH U.S. Growth Fund
INVESTMENT OBJECTIVE
INTECH U.S. Growth Fund seeks long-term growth of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page 46 of the Fund's Prospectus and in the "Purchases" section on page 83 of the Fund's Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees INTECH U.S. Growth Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses INTECH U.S. Growth Fund Class A, C, S, I, T Shares
Class A
Class C
Class S
Class I
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class T
Management Fees 0.50% 0.50% 0.50% 0.50% 0.50%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
Other Expenses 0.17% 0.21% 0.32% 0.12% 0.33%
Total Annual Fund Operating Expenses 0.92% 1.71% 1.07% 0.62% 0.83%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example INTECH U.S. Growth Fund Class A, C, S, I, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 663 851 1,055 1,641
Class C
Class C Shares 274 539 928 2,019
Class S
Class S Shares 109 340 590 1,306
Class I
Class I Shares 63 199 346 774
Class T
Class T Shares 85 265 460 1,025
If Shares are not redeemed:
Expense Example, No Redemption INTECH U.S. Growth Fund Class A, C, S, I, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 663 851 1,055 1,641
Class C
Class C Shares 174 539 928 2,019
Class S
Class S Shares 109 340 590 1,306
Class I
Class I Shares 63 199 346 774
Class T
Class T Shares 85 265 460 1,025
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 84% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the Russell 1000® Growth Index, utilizing INTECH's mathematical investment process. The Russell 1000® Growth Index is an unmanaged index that measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH's mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a "buy and hold" fund strategy.
PRINCIPAL INVESTMENT RISKS
The biggest risk is that the Fund's returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Growth Securities Risk. Securities of companies perceived to be "growth" companies may be more volatile than other stocks and may involve special risks. If a company's growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund's returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, "growth" stocks may perform differently from the market as a whole and other types of securities.

Market Risk. The value of the Fund's portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund's portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund's performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund's performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. Class S Shares, Class A Shares, Class C Shares, and Class I Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed Growth Fund ("JAD predecessor fund") into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class S Shares prior to the reorganization, calculated using the fees and expenses of the JAD predecessor fund's Class S Shares, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class A Shares reflects the performance of the JAD predecessor fund's Class A Shares from September 30, 2004 to July 6, 2009 (prior to the reorganization), calculated using the fees and expenses of Class A Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers. Performance shown for certain periods prior to September 30, 2004 reflects the historical performance of the JAD predecessor fund's Class S Shares (formerly named Class I Shares), calculated using the fees and expenses of Class S Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class C Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class C Shares prior to the reorganization, calculated using the fees and expenses of the JAD predecessor fund's Class C Shares, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class I Shares reflects the performance of the JAD predecessor fund's Class I Shares from November 28, 2005 to July 6, 2009 (prior to the reorganization), calculated using the fees and expenses of Class I Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers. Performance shown for certain periods prior to November 28, 2005 reflects the historical performance of the JAD predecessor fund's Class S Shares (formerly named Class I Shares), calculated using the fees and expenses of Class S Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class S Shares prior to the reorganization, calculated using the fees and expenses of Class S Shares, net of any applicable fee and expense limitations or waivers.
If Class A Shares, Class I Shares, and Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund's commencement of Class S Shares, Class A Shares, Class C Shares, Class I Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class S Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2009  15.04%          Worst Quarter:  Fourth Quarter 2008   −25.11%
The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 16.23%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns INTECH U.S. Growth Fund Class A, C, S, I, T Shares
Column
Label
1 Year
5 Years
Since Inception of Predecessor Fund
Inception Date
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes 1.73% 0.07% 5.44% Jan. 02, 2003
Class S Shares Return After Taxes on Distributions
Class S Shares Return After Taxes on Distributions 1.66% (0.16%) 4.92% Jan. 02, 2003
Class S Shares Return After Taxes on Distributions and Sale of Fund Shares
Class S Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 1.22% 0.04% 4.57% Jan. 02, 2003
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [2] (3.80%) (0.91%) 4.96% Jan. 02, 2003
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [3] 0.27% (0.56%) 4.84% Jan. 02, 2003
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes 2.23% 0.53% 5.44% Jan. 02, 2003
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes 2.03% 0.07% 5.44% Jan. 02, 2003
Russell 1000 Growth Index (reflects no deduction for expenses, fees, or taxes)
  Russell 1000® Growth Index 2.64% 2.50% 6.30% Jan. 02, 2003
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using distributions for the Fund's Class S Shares for periods following July 6, 2009; and for the JAD predecessor fund's Class S Shares (formerly named Class I Shares) for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class S Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class S Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
XML 88 R179.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
INTECH U.S. Value Fund | Class A, C, S, I, T Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

INTECH U.S. Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock INTECH U.S. Value Fund seeks long-term growth of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 100% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 100.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 46 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the Russell 1000® Value Index, utilizing INTECH’s mathematical investment process. The Russell 1000® Value Index is an unmanaged index that measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed Value Fund (“JAD predecessor fund”) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.
  • The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares, and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers.
If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Third Quarter 2009  17.79%     Worst Quarter:  Fourth Quarter 2008  −21.39%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 13.89%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.17%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.92% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.92% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
1 Year rr_ExpenseExampleYear01 663
3 Years rr_ExpenseExampleYear03 851
5 Years rr_ExpenseExampleYear05 1,055
10 Years rr_ExpenseExampleYear10 1,641
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 663
3 Years rr_ExpenseExampleNoRedemptionYear03 851
5 Years rr_ExpenseExampleNoRedemptionYear05 1,055
10 Years rr_ExpenseExampleNoRedemptionYear10 1,641
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.36%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.86% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.11% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.75% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
1 Year rr_ExpenseExampleYear01 289
3 Years rr_ExpenseExampleYear03 585
5 Years rr_ExpenseExampleYear05 1,006
10 Years rr_ExpenseExampleYear10 2,180
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 189
3 Years rr_ExpenseExampleNoRedemptionYear03 585
5 Years rr_ExpenseExampleNoRedemptionYear05 1,006
10 Years rr_ExpenseExampleNoRedemptionYear10 2,180
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.40%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.15% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.15% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
1 Year rr_ExpenseExampleYear01 117
3 Years rr_ExpenseExampleYear03 365
5 Years rr_ExpenseExampleYear05 633
10 Years rr_ExpenseExampleYear10 1,398
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 117
3 Years rr_ExpenseExampleNoRedemptionYear03 365
5 Years rr_ExpenseExampleNoRedemptionYear05 633
10 Years rr_ExpenseExampleNoRedemptionYear10 1,398
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.17%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.67% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.67% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
1 Year rr_ExpenseExampleYear01 68
3 Years rr_ExpenseExampleYear03 214
5 Years rr_ExpenseExampleYear05 373
10 Years rr_ExpenseExampleYear10 835
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 68
3 Years rr_ExpenseExampleNoRedemptionYear03 214
5 Years rr_ExpenseExampleNoRedemptionYear05 373
10 Years rr_ExpenseExampleNoRedemptionYear10 835
2006 rr_AnnualReturn2006 17.72%
2007 rr_AnnualReturn2007 1.47%
2008 rr_AnnualReturn2008 (34.79%)
2009 rr_AnnualReturn2009 17.99%
2010 rr_AnnualReturn2010 15.41%
2011 rr_AnnualReturn2011 2.28%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 13.89%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:  
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.79%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:  
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.39%)
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.89% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.89% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
1 Year rr_ExpenseExampleYear01 91
3 Years rr_ExpenseExampleYear03 284
5 Years rr_ExpenseExampleYear05 493
10 Years rr_ExpenseExampleYear10 1,096
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
1 Year rr_ExpenseExampleNoRedemptionYear01 91
3 Years rr_ExpenseExampleNoRedemptionYear03 284
5 Years rr_ExpenseExampleNoRedemptionYear05 493
10 Years rr_ExpenseExampleNoRedemptionYear10 1,096
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class A Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
[2]
1 Year rr_AverageAnnualReturnYear01 (3.79%)
5 Years rr_AverageAnnualReturnYear05 (3.00%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 0.14%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class C Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
[3]
1 Year rr_AverageAnnualReturnYear01 0.16%
5 Years rr_AverageAnnualReturnYear05 (2.58%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 0.37%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class S
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class S Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 1.81%
5 Years rr_AverageAnnualReturnYear05 (2.09%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 0.89%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class I Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 2.28%
5 Years rr_AverageAnnualReturnYear05 (1.62%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 1.37%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class T
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class T Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 2.07%
5 Years rr_AverageAnnualReturnYear05 (1.98%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 0.96%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class I Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 2.02%
5 Years rr_AverageAnnualReturnYear05 (2.01%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 0.96%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class I Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions and Sale of Fund Shares
[4]
1 Year rr_AverageAnnualReturnYear01 1.83%
5 Years rr_AverageAnnualReturnYear05 (1.46%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 1.07%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
INTECH U.S. Value Fund | Class A, C, S, I, T Shares | Russell 1000 Value Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Russell 1000® Value Index
1 Year rr_AverageAnnualReturnYear01 0.39%
5 Years rr_AverageAnnualReturnYear05 (2.64%)
Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 1.13%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 30, 2005
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
[2] Calculated assuming maximum permitted sales loads.
[3] The one year return is calculated to include the contingent deferred sales charge.
[4] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
XML 89 R90.htm IDEA: XBRL DOCUMENT v2.4.0.6
Janus Global Bond Fund | Class D Shares
Fund summary

Janus Global Bond Fund
INVESTMENT OBJECTIVE
Janus Global Bond Fund seeks total return, consistent with preservation of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Janus Global Bond Fund
Class D Shares
Class D
Operating Expenses Column [Text]
Class D
Management Fees 0.60%
Other Expenses 0.71%
Total Annual Fund Operating Expenses [1] 1.31%
Fee Waiver [1] 0.40%
Total Annual Fund Operating Expenses After Fee Waiver [1] 0.91%
[1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 28, 2010) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Janus Global Bond Fund Class D Shares Class D
Class D Shares
133 415 718 1,579
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 222% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, corporate bonds, government notes and bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund invests in corporate debt securities of issuers in a number of different countries, which may include the United States. The Fund invests in securities of issuers located in developed and emerging market countries. The Fund may invest across all fixed-income sectors, including U.S. and non-U.S. government securities. The Fund’s investments may be denominated in local currency or U.S. dollar-denominated. The Fund may invest in debt securities with a range of maturities from short- to long-term. The Fund may invest up to 35% of its net assets in high-yield/high-risk debt securities. The Fund may also invest in preferred and common stock, money market instruments, municipal bonds, commercial and residential mortgage-backed securities, asset-backed securities, other securitized and structured debt products, private placements, and other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in bank loans, euro-denominated obligations, buy backs or dollar rolls, when-issued securities, and reverse repurchase agreements. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund has invested in and is expected to continue to invest in collateralized forward foreign currency exchange contracts, futures, options, and swaps (including interest rate swaps, total return swaps, and credit default swaps) for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment or currency exposure, to adjust its currency exposure relative to its benchmark index, and to earn income and enhance returns. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due.

Eurozone Exposure Risk. The Fund’s investment may include certain securities that are denominated and traded in, or based on, the euro, the official currency of the Eurozone. European markets have recently experienced volatility and adverse trends due to concerns about economic downturns, rising government debt levels, and the possible default of government debt in several European countries, including Greece, Ireland, Italy, Portugal, and Spain. A default or debt restructuring by any European country would adversely impact holders of that country’s debt and worldwide sellers of credit default swaps linked to that country’s creditworthiness. These trends have adversely affected the value and exchange rate of the euro and may continue to significantly affect the economies of all European countries, which in turn may have a material adverse affect on a Fund’s investments in such countries, other countries that depend on European countries for significant amounts of trade or investment, or issuers with exposure to European debt.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. There is a risk in developing countries that a future economic or political crisis could lead to price controls, forced mergers of companies, expropriation or confiscatory taxation, seizure, nationalization, or creation of government monopolies, any of which may have a detrimental effect on the Fund’s investments. In addition, the Fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of the Fund’s investments. To the extent that the Fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. As of June 30, 2012, approximately 10.1% of the Fund’s investments were in emerging markets.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. A sovereign debtor’s willingness or ability to satisfy its debt obligation may be affected by various factors including, but not limited to, its cash flow situation, the extent of its foreign currency reserves, the availability of foreign exchange when a payment is due, and the relative size of its debt position in relation to its economy as a whole. In the event of default, there may be limited or no legal remedies for collecting sovereign debt and there may be no bankruptcy proceedings through which the Fund may collect all or part of the sovereign debt that a governmental entity has not repaid.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds (also known as “junk bonds”) may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Exchange-Traded Funds Risk. The Fund may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The bar chart depicts the Fund’s performance during the period indicated. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2011  2.84%          Worst Quarter:  Third Quarter 2011  0.60%
The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 7.82%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus Global Bond Fund Class D Shares
Column
Label
1 Year
Since Inception
Inception Date
Class D Return Before Taxes
Class D Shares
Return Before Taxes
6.65% 6.59% Dec. 28, 2010
Class D Return After Taxes on Distributions
Class D Shares
Return After Taxes on Distributions
5.31% 5.26% Dec. 28, 2010
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares
Return After Taxes on Distributions and Sale of Fund Shares
4.33% 4.85% Dec. 28, 2010
Barclays Global Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Barclays Global Aggregate Bond Index
5.64% 7.16% Dec. 28, 2010
Barclays Global Aggregate Corporate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Barclays Global Aggregate Corporate Bond Index
4.32% 6.05% Dec. 28, 2010
After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
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Janus Flexible Bond Fund | Class D Shares
Fund summary

Janus Flexible Bond Fund
INVESTMENT OBJECTIVE
Janus Flexible Bond Fund seeks to obtain maximum total return, consistent with preservation of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Janus Flexible Bond Fund
Class D Shares
Class D
Operating Expenses Column [Text]
Class D
Management Fees 0.41%
Other Expenses 0.18%
Total Annual Fund Operating Expenses 0.59%
EXAMPLE:
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Janus Flexible Bond Fund Class D Shares Class D
Class D Shares
60 189 329 738
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 126% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund will invest at least 65% of its assets in investment grade debt securities. As of June 30, 2012, the Fund’s weighted average maturity was 7.9 years. The Fund will limit its investment in high-yield/high-risk bonds, also known as “junk bonds,” to 35% or less of its net assets. The Fund generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund may also invest in asset-backed securities, money market instruments, bank loans, and foreign debt securities (which may include investments in emerging markets). Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other Funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart
Best Quarter:  Third Quarter 2009  5.58%          Worst Quarter:  Second Quarter 2004  −2.99%
The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 7.19%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus Flexible Bond Fund Class D Shares
Column
Label
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class D Return Before Taxes
Class D Shares
Return Before Taxes
6.63% 7.82% 6.48% 7.55% Jul. 07, 1987
Class D Return After Taxes on Distributions
Class D Shares
Return After Taxes on Distributions
4.96% 5.94% 4.69% 4.93% Jul. 07, 1987
Class D Return After Taxes on Distributions and Sale of Fund Shares
Class D Shares
Return After Taxes on Distributions and Sale of Fund Shares
4.52% 5.63% 4.51% 4.88% Jul. 07, 1987
Barclays U.S. Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
 
Barclays U.S. Aggregate Bond Index
7.84% 6.50% 5.78% 7.34% Jul. 07, 1987
After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
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Janus Global Bond Fund | Class A, C, S, I, N, T Shares
Fund summary

Janus Global Bond Fund
INVESTMENT OBJECTIVE
Janus Global Bond Fund seeks total return, consistent with preservation of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page 51 of the Fund's Prospectus and in the "Purchases" section on page 83 of the Fund's Statement of Additional Information.
SHAREHOLDER FEES
(fees paid directly from your investment)
Shareholder Fees Janus Global Bond Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Shareholder Fees Column [Text] Class A Class C Class S Class I Class N Class T
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 4.75% none none none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none none
ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Janus Global Bond Fund Class A, C, S, I, N, T Shares
Class A
Class C
Class S
Class I
Class N
Class T
Operating Expenses Column [Text] Class A Class C Class S Class I Class N Class T
Management Fees 0.60% 0.60% 0.60% 0.60% 0.60% 0.60%
Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none none
Other Expenses 0.60% 0.61% 0.77% 0.53% 0.53% [1] 0.78%
Total Annual Fund Operating Expenses [2] 1.45% 2.21% 1.62% 1.13% 1.13% 1.38%
Fee Waiver [2] 0.44% 0.45% 0.36% 0.37% 0.37% 0.37%
Total Annual Fund Operating Expenses After Fee Waiver [2] 1.01% 1.76% 1.26% 0.76% 0.76% 1.01%
[1] Other Expenses for Class N Shares are based on the estimated expenses that the Shares expect to incur during their initial fiscal period.
[2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; acquired fund fees and expenses; and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 28, 2010) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
EXAMPLE:
The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If Shares are redeemed:
Expense Example Janus Global Bond Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 616 912 1,230 2,128
Class C
Class C Shares 324 691 1,185 2,544
Class S
Class S Shares 165 511 881 1,922
Class I
Class I Shares 115 359 622 1,375
Class N
Class N Shares 115 359 622 1,375
Class T
Class T Shares 140 437 755 1,657
If Shares are not redeemed:
Expense Example, No Redemption Janus Global Bond Fund Class A, C, S, I, N, T Shares (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A
Class A Shares 616 912 1,230 2,128
Class C
Class C Shares 224 691 1,185 2,544
Class S
Class S Shares 165 511 881 1,922
Class I
Class I Shares 115 359 622 1,375
Class N
Class N Shares 115 359 622 1,375
Class T
Class T Shares 140 437 755 1,657
Portfolio Turnover:
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 222% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, corporate bonds, government notes and bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund invests in corporate debt securities of issuers in a number of different countries, which may include the United States. The Fund invests in securities of issuers located in developed and emerging market countries. The Fund may invest across all fixed-income sectors, including U.S. and non-U.S. government securities. The Fund’s investments may be denominated in local currency or U.S. dollar-denominated. The Fund may invest in debt securities with a range of maturities from short- to long-term. The Fund may invest up to 35% of its net assets in high-yield/high-risk debt securities. The Fund may also invest in preferred and common stock, money market instruments, municipal bonds, commercial and residential mortgage-backed securities, asset-backed securities, other securitized and structured debt products, private placements, and other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in bank loans, euro-denominated obligations, buy backs or dollar rolls, when-issued securities, and reverse repurchase agreements. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund has invested in and is expected to continue to invest in collateralized forward foreign currency exchange contracts, futures, options, and swaps (including interest rate swaps, total return swaps, and credit default swaps) for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment or currency exposure, to adjust its currency exposure relative to its benchmark index, and to earn income and enhance returns. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
PRINCIPAL INVESTMENT RISKS
Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due.

Eurozone Exposure Risk. The Fund’s investment may include certain securities that are denominated and traded in, or based on, the euro, the official currency of the Eurozone. European markets have recently experienced volatility and adverse trends due to concerns about economic downturns, rising government debt levels, and the possible default of government debt in several European countries, including Greece, Ireland, Italy, Portugal, and Spain. A default or debt restructuring by any European country would adversely impact holders of that country’s debt and worldwide sellers of credit default swaps linked to that country’s creditworthiness. These trends have adversely affected the value and exchange rate of the euro and may continue to significantly affect the economies of all European countries, which in turn may have a material adverse affect on a Fund’s investments in such countries, other countries that depend on European countries for significant amounts of trade or investment, or issuers with exposure to European debt.

Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. There is a risk in developing countries that a future economic or political crisis could lead to price controls, forced mergers of companies, expropriation or confiscatory taxation, seizure, nationalization, or creation of government monopolies, any of which may have a detrimental effect on the Fund’s investments. In addition, the Fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of the Fund’s investments. To the extent that the Fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. As of June 30, 2012, approximately 10.1% of the Fund’s investments were in emerging markets.

Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. A sovereign debtor’s willingness or ability to satisfy its debt obligation may be affected by various factors including, but not limited to, its cash flow situation, the extent of its foreign currency reserves, the availability of foreign exchange when a payment is due, and the relative size of its debt position in relation to its economy as a whole. In the event of default, there may be limited or no legal remedies for collecting sovereign debt and there may be no bankruptcy proceedings through which the Fund may collect all or part of the sovereign debt that a governmental entity has not repaid.

Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds (also known as “junk bonds”) may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

Exchange-Traded Funds Risk. The Fund may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
PERFORMANCE INFORMATION
The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares of the Fund commenced operations with the Fund's inception.
  • The performance shown for Class A Shares, Class C Shares, Class S Shares, Class I Shares, and Class T Shares is calculated using the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.
  • The performance shown for Class N Shares reflects the performance of the Fund's Class I Shares, calculated using the fees and expenses of Class N Shares, without the effect of any fee and expense limitations or waivers. If Class N Shares of the Fund had been available during the periods shown, the performance may have been different.
The bar chart depicts the Fund's performance during the period indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund's average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund's performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
Annual Total Returns for Class I Shares (calendar year-end)
Bar Chart
Best Quarter:  Second Quarter 2011  2.77%          Worst Quarter:  Third Quarter 2011  0.72%
The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 7.94%.
Average Annual Total Returns (periods ended 12/31/11)
Average Annual Total Returns Janus Global Bond Fund Class A, C, S, I, N, T Shares
Column
Label
1 Year
Since Inception
Inception Date
Class I Shares Return Before Taxes
Class I Shares Return Before Taxes 6.67% 6.62% Dec. 28, 2010
Class I Shares Return After Taxes on Distributions
Class I Shares Return After Taxes on Distributions 5.29% 5.24% Dec. 28, 2010
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares 4.34% 4.84% Dec. 28, 2010
Class A Shares Return Before Taxes
Class A Shares Return Before Taxes [1] 1.44% 1.42% Dec. 28, 2010
Class C Shares Return Before Taxes
Class C Shares Return Before Taxes [2] 4.78% 5.76% Dec. 28, 2010
Class S Shares Return Before Taxes
Class S Shares Return Before Taxes 6.34% 6.29% Dec. 28, 2010
Class N Shares Return Before Taxes
Class N Shares Return Before Taxes 6.27% 6.21% Dec. 28, 2010
Class T Shares Return Before Taxes
Class T Shares Return Before Taxes 6.51% 6.45% Dec. 28, 2010
Barclays Global Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
  Barclays Global Aggregate Bond Index 5.64% 7.16% Dec. 28, 2010
Barclays Global Aggregate Corporate Bond Index (reflects no deduction for expenses, fees, or taxes)
  Barclays Global Aggregate Corporate Bond Index 4.32% 6.05% Dec. 28, 2010
[1] Calculated assuming maximum permitted sales loads.
[2] The one year return is calculated to include the contingent deferred sales charge.
After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
XML 95 R189.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 26, 2012
INTECH U.S. Core Fund | Class D Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary

INTECH U.S. Core Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock INTECH U.S. Core Fund seeks long-term growth of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 73% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 73.00%
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the S&P 500® Index, utilizing INTECH’s mathematical investment process. The S&P 500® Index is an unmanaged index of 500 stocks that is generally representative of the performance of larger companies in the United States.

The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

The bar chart depicts the change in performance from year to year during the periods indicated.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:  Second Quarter 2009  14.79%        Worst Quarter:  Fourth Quarter 2008 -21.49%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 14.92%.
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
INTECH U.S. Core Fund | Class D Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName
Class D
Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
Other Expenses rr_OtherExpensesOverAssets 0.30%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.84%
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
Class D Shares
1 Year rr_ExpenseExampleYear01 86
3 Years rr_ExpenseExampleYear03 268
5 Years rr_ExpenseExampleYear05 466
10 Years rr_ExpenseExampleYear10 1,037
2004 rr_AnnualReturn2004 17.68%
2005 rr_AnnualReturn2005 11.06%
2006 rr_AnnualReturn2006 11.37%
2007 rr_AnnualReturn2007 6.40%
2008 rr_AnnualReturn2008 (36.57%)
2009 rr_AnnualReturn2009 22.91%
2010 rr_AnnualReturn2010 16.38%
2011 rr_AnnualReturn2011 5.07%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 14.92%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.79%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.49%)
INTECH U.S. Core Fund | Class D Shares | Return Before Taxes | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class D Shares
Label rr_AverageAnnualReturnLabel
Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 5.07%
5 Years rr_AverageAnnualReturnYear05 0.29%
Since Inception rr_AverageAnnualReturnSinceInception 7.81%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
INTECH U.S. Core Fund | Class D Shares | Return After Taxes on Distributions | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class D Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 4.92%
5 Years rr_AverageAnnualReturnYear05 (0.20%)
Since Inception rr_AverageAnnualReturnSinceInception 7.08%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
INTECH U.S. Core Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName
Class D Shares
Label rr_AverageAnnualReturnLabel
Return After Taxes on Distributions and Sale of Fund Shares
[1]
1 Year rr_AverageAnnualReturnYear01 3.50%
5 Years rr_AverageAnnualReturnYear05 0.21%
Since Inception rr_AverageAnnualReturnSinceInception 6.74%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
INTECH U.S. Core Fund | Class D Shares | S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
S&P 500® Index
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
Since Inception rr_AverageAnnualReturnSinceInception 6.77%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
[1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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      Perkins Mid Cap Value Fund | Class L Shares
      Fund summary

      Perkins Mid Cap Value Fund
      INVESTMENT OBJECTIVE
      Perkins Mid Cap Value Fund seeks capital appreciation.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses
      Perkins Mid Cap Value Fund
      Class L Shares
      Class L
      Operating Expenses Column [Text] Class L
      Management Fees (may adjust up or down) 0.54%
      Other Expenses 0.30%
      Total Annual Fund Operating Expenses 0.84%
      EXAMPLE:
      The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Perkins Mid Cap Value Fund Class L Shares Class L
      Class L Shares 86 268 466 1,037
      Portfolio Turnover:
      The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 54% of the average value of its portfolio.
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $1.3 billion to $18.5 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

      The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
      • strong balance sheets and solid recurring free cash flows
      • attractive relative and absolute valuation ratios or that have underperformed recently
      • favorable reward to risk characteristics
      The Fund may also invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. The Fund has and is expected to continue to buy and sell put and call options, particularly on market indices, for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
      PRINCIPAL INVESTMENT RISKS
      The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

      Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

      Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Mid-Sized Companies Risk. The Fund’s investments in securities issued by mid-sized companies may involve greater risks than are customarily associated with larger, more established companies. Securities issued by mid-sized companies tend to be more volatile than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

      Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

      Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

      Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      PERFORMANCE INFORMATION
      The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The performance shown for periods following April 21, 2003, reflects the fees and expenses of Class L Shares (formerly named Institutional Shares), net of any applicable fee and expense limitations or waivers. The performance shown for Class L Shares for the periods from May 17, 2002 to April 17, 2003, reflects the historical performance of Berger Mid Cap Value Fund – Institutional Shares (as a result of a prior reorganization of Berger Mid Cap Value Fund – Institutional Shares into the Fund’s Class L Shares). For the periods prior to May 17, 2002, the performance shown reflects the historical performance of Berger Mid Cap Value Fund – Investor Shares.

      The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      Annual Total Returns for Class L Shares (calendar year-end) [1]
      Bar Chart
      Best Quarter:  Second Quarter 2003  17.19%          Worst Quarter:  Fourth Quarter 2008  −19.56%
      The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.05%.
      Average Annual Total Returns Perkins Mid Cap Value Fund
      Caption
      Column
      Label
      1 Year
      5 Years
      10 Years
      Since Inception of Predecessor Fund
      Inception Date
      Class L Shares
      [1] Average Annual Total Returns (periods ended 12/31/11)              
      Class L Shares Return Before Taxes Class L
        Class L Shares Return Before Taxes (2.33%) 2.84% 7.79% 11.92% Aug. 12, 1998
      Class L Shares Return After Taxes on Distributions Class L
        Class L Shares Return After Taxes on Distributions (3.70%) 1.81% 6.66% 10.45% Aug. 12, 1998
      Class L Shares Return After Taxes on Distributions and Sale of Fund Shares Class L
        Class L Shares Return After Taxes on Distributions and Sale of Fund Shares [2] (0.03%) 2.21% 6.51% 10.08% Aug. 12, 1998
      Class L Shares Russell Midcap Value Index (reflects no deduction for expenses, fees, or taxes)
          Russell Midcap® Value Index (1.38%) 0.04% 7.67% 7.70% Aug. 12, 1998
      [1] Fund returns for periods prior to the Fund's adoption of share classes reflect a 0.25% 12b-1 fee, which has not been paid by the Class L Shares (formerly named Institutional Shares) since the class commenced investment operations on May 17, 2002.
      [2] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      After-tax returns are calculated using distributions for the Fund’s Class L Shares (formerly named Institutional Shares) for the periods following April 21, 2003 for Berger Mid Cap Value Fund – Institutional Shares for the period May 17, 2002 to April 17, 2003; and for Berger Mid Cap Value Fund – Investor Shares for periods prior to May 17, 2002. If Class L Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      [1] Fund returns for periods prior to the Fund's adoption of share classes reflect a 0.25% 12b-1 fee, which has not been paid by the Class L Shares (formerly named Institutional Shares) since the class commenced investment operations on May 17, 2002.

      XML 99 R243.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Perkins Select Value Fund | Class D Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      Perkins Select Value Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Select Value Fund seeks capital appreciation.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the period December 15, 2011 to June 30, 2012, the Fund’s portfolio turnover rate was 80% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 80.00%
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of companies of any size whose stock prices the portfolio managers believe to be undervalued. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund’s cash or similar investments may increase.

      The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
      • strong balance sheets and solid recurring free cash flows
      • attractive relative and absolute valuation ratios or that have underperformed recently
      • favorable reward to risk characteristics
      The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

      Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

      Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

      Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
      Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund does not have a full calendar year of operations.
      Perkins Select Value Fund | Class D Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
      Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.70%
      Other Expenses rr_OtherExpensesOverAssets 1.04%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.74% [1]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.55% [1]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.19% [1]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
      1 Year rr_ExpenseExampleYear01 177
      3 Years rr_ExpenseExampleYear03 548
      5 Years rr_ExpenseExampleYear05 944
      10 Years rr_ExpenseExampleYear10 2,052
      [1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
      XML 100 R102.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Janus Short-Term Bond Fund | Class D Shares
      Fund summary

      Janus Short-Term Bond Fund
      INVESTMENT OBJECTIVE
      Janus Short-Term Bond Fund seeks as high a level of current income as is consistent with preservation of capital.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses
      Janus Short-Term Bond Fund
      Class D Shares
      Class D
      Operating Expenses Column [Text] Class D
      Management Fees 0.55%
      Other Expenses 0.19%
      Total Annual Fund Operating Expenses [1] 0.74%
      Fee Waiver [1] 0.05%
      Total Annual Fund Operating Expenses After Fee Waiver [1] 0.69%
      [1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.55% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
      EXAMPLE:
      The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Janus Short-Term Bond Fund Class D Shares Class D
      Class D Shares 76 237 411 918
      Portfolio Turnover:
      The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 93% of the average value of its portfolio.
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund invests, under normal circumstances, at least 80% of its net assets in short- and intermediate-term securities such as corporate bonds or notes or government securities, including agency securities. The Fund may invest up to 35% of its net assets in high-yield/high risk bonds, also known as “junk bonds.” The Fund expects to maintain an average-weighted effective maturity of three years or less under normal circumstances. As of June 30, 2012, the Fund’s weighted average maturity was 2.4 years. The Fund may also invest in bank loans, mortgage-backed securities, asset-backed securities, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

      “Effective” maturity differs from actual maturity, which may be longer. In calculating the “effective” maturity the portfolio managers will estimate the effect of expected principal payments and call provisions on securities held in the portfolio. This gives the portfolio managers some additional flexibility in the securities they purchase, but all else being equal, could result in more volatility than if the Fund calculated an actual maturity target.

      In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

      In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
      PRINCIPAL INVESTMENT RISKS
      Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

      Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

      Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

      Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

      Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

      Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

      Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

      Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

      Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      PERFORMANCE INFORMATION
      The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Annual Total Returns for Class D Shares (calendar year-end)
      Bar Chart
      Best Quarter:  Second Quarter 2009  3.18%          Worst Quarter:  Second Quarter 2008  −0.90%
      The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 3.05%.
      Average Annual Total Returns (periods ended 12/31/11)
      Average Annual Total Returns Janus Short-Term Bond Fund Class D Shares
      Column
      Label
      1 Year
      5 Years
      10 Years
      Since Inception
      Inception Date
      Class D Return Before Taxes
      Class D Shares Return Before Taxes 1.50% 4.65% 3.83% 4.65% Sep. 01, 1992
      Class D Return After Taxes on Distributions
      Class D Shares Return After Taxes on Distributions 0.66% 3.43% 2.63% 2.93% Sep. 01, 1992
      Class D Return After Taxes on Distributions and Sale of Fund Shares
      Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 1.01% 3.27% 2.58% 2.90% Sep. 01, 1992
      Barclays 1-3 Year U.S. Government/Credit Index (reflects no deduction for expenses, fees, or taxes)
        Barclays 1-3 Year U.S. Government/Credit Index 1.59% 3.99% 3.63% 4.80% Sep. 01, 1992
      [1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      XML 101 R129.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Janus Money Market Fund | Class D Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      Janus Money Market Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVES
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Money Market Fund seeks capital preservation and liquidity
      Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock with current income as a secondary objective.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objectives by investing primarily in high quality debt obligations and obligations of financial institutions. Debt obligations may include commercial paper, notes and bonds, and variable amount master demand notes. Obligations of financial institutions include certificates of deposit and time deposits. The Fund also intends to invest in repurchase agreements including those secured by U.S. Government agencies. Some government agencies backed by the full faith and credit of the United States are supported by the issuer’s ability to borrow from the United States Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way.

      The Fund will:
      • invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital
      • invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397 days or less (as calculated pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended)
      • maintain a dollar-weighted average portfolio maturity of 60 days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120 days or less
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Market Risk. The Fund’s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund’s yield. Over time, the real value of the Fund’s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer’s actual or perceived creditworthiness, or an issuer’s ability to meet its obligations. The credit quality of the Fund’s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund’s share price or yield to fall.

      Collateral Risk. With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to financial services, mortgage markets, and government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.

      Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
      Risk Money Market Fund [Text] rr_RiskMoneyMarketFund Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund’s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

      The bar chart depicts the change in performance from year to year during the periods indicated.
      Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
      Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
      Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance does not necessarily indicate how it will perform in the future.
      Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
      Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
      Best Quarter:  Fourth Quarter 2006  1.23%          Worst Quarter:  Third Quarter 2011  0.00%
      Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%.
      Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
      Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Money Market Seven Day Yield, Caption [Text] rr_MoneyMarketSevenDayYieldCaption The 7-day yield on December 31, 2011 was 0.01% for Janus Money Market Fund.
      Money Market Seven Day Yield rr_MoneyMarketSevenDayYield 0.01%
      Janus Money Market Fund | Class D Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
      Management Fees rr_ManagementFeesOverAssets 0.20%
      Other Expenses rr_OtherExpensesOverAssets 0.47%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.67%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
      1 Year rr_ExpenseExampleYear01 68
      3 Years rr_ExpenseExampleYear03 214
      5 Years rr_ExpenseExampleYear05 373
      10 Years rr_ExpenseExampleYear10 835
      2002 rr_AnnualReturn2002 1.38%
      2003 rr_AnnualReturn2003 0.71%
      2004 rr_AnnualReturn2004 0.93%
      2005 rr_AnnualReturn2005 2.77%
      2006 rr_AnnualReturn2006 4.60%
      2007 rr_AnnualReturn2007 4.86%
      2008 rr_AnnualReturn2008 2.09%
      2009 rr_AnnualReturn2009 0.07%
      2010 rr_AnnualReturn2010 0.01%
      2011 rr_AnnualReturn2011 0.01%
      Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
      Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.00%
      Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
      Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2006
      Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 1.23%
      Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
      Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
      Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.00%
      Janus Money Market Fund | Class D Shares | Return Before Taxes | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 0.01%
      5 Years rr_AverageAnnualReturnYear05 1.39%
      10 Years rr_AverageAnnualReturnYear10 1.73%
      Since Inception rr_AverageAnnualReturnSinceInception 3.08%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 14, 1995
      XML 102 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Janus World Allocation Fund | Class A, C, S, I, T Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      Janus World Allocation Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus World Allocation Fund seeks long-term growth of capital with a secondary emphasis on income.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
      Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
      (fees paid directly from your investment)
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 36% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 36.00%
      Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 31 of the Fund’s Prospectus and in the “Purchases” section on page 64 of the Fund’s Statement of Additional Information.
      Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
      Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing in a diversified portfolio of other Janus mutual funds (“underlying funds”) and securities that provide exposure to issuers located throughout the world. Through its investment in the underlying funds, the Fund invests in issuers from several different countries, including the United States, and may, under unusual circumstances, be invested in a single country. The Fund may also have significant exposure to emerging markets. Because it invests in other funds, the Fund is considered a “fund of funds.” The Fund utilizes Janus Capital’s proprietary process to allocate assets across the following three asset categories (as defined by Janus Capital):
      •   Core – The Core category seeks to provide market-like exposure by investing in funds that in turn primarily invest in a broad range of traditional asset classes such as large-, mid-, and small-cap stocks, U.S. and non-U.S. stocks, growth and value stocks, and investment-grade bonds. While not a primary strategy, the underlying funds may also invest in emerging market stocks and high-yield bonds. A primary goal of the underlying funds in the Core category is to provide shareholders with access to a broad range of investable assets in proportion to each asset class’ representation in today’s global, integrated market as determined by Janus Capital.
      •   Alpha – The Alpha category seeks to generate higher-than-market returns on a risk-adjusted basis by investing in funds that in turn invest in a broad range of traditional asset classes such as large-, mid-, and small-cap stocks, U.S. and non-U.S. stocks, growth and value stocks, emerging market stocks, investment-grade bonds, and high-yield bonds. Unlike funds in the Core category, the Alpha category is less focused on the asset class composition of the global market. Instead, the Alpha category is comprised of funds, unconstrained by asset class or investment style, that Janus Capital believes may generate higher-than-market returns over a market cycle.
      •   Alternative – The Alternative category is comprised of non-traditional investments with historically low correlation to the assets in the Core and Alpha categories, such as certain exchange-traded funds (“ETFs”), exchange-traded notes (“ETNs”), investments with hedge fund strategy exposure, commodities-related securities, real estate-related securities, and structured products.
      The Fund attempts to maximize returns by investing the Fund’s assets in underlying funds investing in stocks (U.S. and non-U.S.), bonds, cash equivalents, alternative asset classes (such as real estate-related securities and commodity-related securities), and alternative investment strategies (such as leveraged and sector-based strategies). The target allocation of the Fund’s assets among underlying funds is based on an optimization process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds, as well as the portfolio manager’s judgment. Janus Capital analyzes Fund allocations on a regular basis in order to integrate current market data and reallocates on a quarterly basis.

      The Fund’s portfolio manager determines the overall composition of the Fund, oversees the investment process, and is responsible for the day-to-day management of the Fund. The portfolio manager consults with a committee comprised of Janus Capital investment professionals (“Asset Allocation Committee”) to regularly review the process and the allocation of the Fund’s assets among the underlying funds to determine modifications to the underlying funds’ asset categories and/or weightings, or to substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. The portfolio manager and Asset Allocation Committee normally review asset allocations on a quarterly basis. The portfolio manager oversees the implementation of trades on behalf of the Fund.

      The Fund’s investments will be rebalanced to the identified optimal weightings on a quarterly basis, although more frequent changes can occur. The Fund’s asset class or category, category allocations, underlying funds, or underlying fund weightings may change without prior shareholder notice.

      The Fund will normally allocate approximately 90% of its assets to Janus-managed mutual funds and approximately 10% to unaffiliated pooled investment vehicles (e.g., ETFs) and derivatives. For information on the potential underlying Janus funds currently available for investment by the Fund, including investment objectives and strategies, see “Investment Objectives and Strategies of the Underlying Funds” in Appendix A.

      The Fund may invest in ETFs and ETNs to complement its investment in the underlying funds if there are asset classes not covered by the underlying funds or to better manage cash positions.

      The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) including, but not limited to, swap agreements to earn income and enhance uncorrelated returns, to increase or decrease exposure to a particular market, to manage or adjust the risk profile of the Fund, or as alternatives to direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

      When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock and alternative investment exposure tend to be more volatile than many other investment choices.

      Main Risks Associated with the Fund
      Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

      Derivatives Risk. The Fund and certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      Commodity-Linked Derivative Investment Risk. The Fund may invest in derivatives that have exposure to the commodities markets. This exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.

      Exchange-Traded Funds Risk. The Fund may purchase shares of ETFs to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

      Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

      Main Risks Associated with the Underlying Funds and Securities
      The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

      Market Risk. Underlying funds investing in equity securities are subject to the risks associated with investments in common stocks, which tend to be more volatile than many other investment choices. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Fixed-Income Securities Risk. Through the Fund’s investments in underlying funds holding fixed-income securities, the Fund is subject to the risks associated with investments in a variety of fixed-income securities, which may be less volatile than underlying funds that invest most of their assets in common stocks; returns and yields will vary, and you could lose money. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

      Foreign Exposure Risk. The Fund and certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, the Fund’s and an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where the Fund or an underlying fund has invested a significant amount of its assets may have a greater effect on the Fund’s or an underlying Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s or an underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, the Fund’s or an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of the Fund’s or an underlying fund’s investments. To the extent that the Fund or an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund or an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

      Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

      Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class I Shares, Class A Shares, Class C Shares, and Class S Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser Modular Portfolio Construction® Fund (“JAD predecessor fund”) into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.
      • The performance shown for Class I Shares, Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares, Class A Shares, Class C Shares and Class S Shares prior to the reorganization, calculated using the fees and expenses of each respective share class of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
      • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund’s Class I Shares prior to the reorganization, calculated using the fees and expenses of Class T Shares, without the effect of any fee and expense limitations or waivers.
      If Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class I Shares, Class A Shares, Class C Shares, Class S Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

      The bar chart depicts the change in performance from year to year during the periods indicated.
      Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
      Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
      Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
      Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
      Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class I Shares (calendar year-end)
      Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
      Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
      Best Quarter:  Second Quarter 2009  14.90%          Worst Quarter:  Third Quarter 2011  −13.38%
      Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 8.19%.
      Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
      Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
      Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
      Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
      Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The World Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the MSCI All Country World Indexsm (65%) and the Barclays Global Aggregate Bond Index (35%).

      After-tax returns are calculated using distributions for the Fund’s Class I Shares for periods following July 6, 2009; and for the JAD predecessor fund’s Class I Shares for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

      After-tax returns are only shown for Class I Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class I Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
      Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Class A
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
      Class A
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName
      Class A
      Management Fees rr_ManagementFeesOverAssets 0.07%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
      Other Expenses rr_OtherExpensesOverAssets 1.73%
      Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.79% [1]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 1.33% [1]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.46% [1]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
      Class A Shares
      1 Year rr_ExpenseExampleYear01 841
      3 Years rr_ExpenseExampleYear03 1,390
      5 Years rr_ExpenseExampleYear05 1,964
      10 Years rr_ExpenseExampleYear10 3,514
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
      Class A Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 841
      3 Years rr_ExpenseExampleNoRedemptionYear03 1,390
      5 Years rr_ExpenseExampleNoRedemptionYear05 1,964
      10 Years rr_ExpenseExampleNoRedemptionYear10 3,514
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Class C
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
      Class C
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName
      Class C
      Management Fees rr_ManagementFeesOverAssets 0.07%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
      Other Expenses rr_OtherExpensesOverAssets 1.84%
      Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.65% [1]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 1.44% [1]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 2.21% [1]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
      Class C Shares
      1 Year rr_ExpenseExampleYear01 467
      3 Years rr_ExpenseExampleYear03 1,117
      5 Years rr_ExpenseExampleYear05 1,888
      10 Years rr_ExpenseExampleYear10 3,906
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
      Class C Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 367
      3 Years rr_ExpenseExampleNoRedemptionYear03 1,117
      5 Years rr_ExpenseExampleNoRedemptionYear05 1,888
      10 Years rr_ExpenseExampleNoRedemptionYear10 3,906
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Class S
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
      Class S
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName
      Class S
      Management Fees rr_ManagementFeesOverAssets 0.07%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
      Other Expenses rr_OtherExpensesOverAssets 1.96%
      Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.02% [1]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 1.31% [1]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.71% [1]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
      Class S Shares
      1 Year rr_ExpenseExampleYear01 305
      3 Years rr_ExpenseExampleYear03 933
      5 Years rr_ExpenseExampleYear05 1,587
      10 Years rr_ExpenseExampleYear10 3,337
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
      Class S Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 305
      3 Years rr_ExpenseExampleNoRedemptionYear03 933
      5 Years rr_ExpenseExampleNoRedemptionYear05 1,587
      10 Years rr_ExpenseExampleNoRedemptionYear10 3,337
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Class I
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
      Class I
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName
      Class I
      Management Fees rr_ManagementFeesOverAssets 0.07%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
      Other Expenses rr_OtherExpensesOverAssets 1.76%
      Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.57% [1]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 1.36% [1]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.21% [1]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
      Class I Shares
      1 Year rr_ExpenseExampleYear01 260
      3 Years rr_ExpenseExampleYear03 799
      5 Years rr_ExpenseExampleYear05 1,365
      10 Years rr_ExpenseExampleYear10 2,905
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
      Class I Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 260
      3 Years rr_ExpenseExampleNoRedemptionYear03 799
      5 Years rr_ExpenseExampleNoRedemptionYear05 1,365
      10 Years rr_ExpenseExampleNoRedemptionYear10 2,905
      2009 rr_AnnualReturn2009 28.87%
      2010 rr_AnnualReturn2010 11.54%
      2011 rr_AnnualReturn2011 (8.00%)
      Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
      Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 8.19%
      Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
      Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
      Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.90%
      Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
      Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
      Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (13.38%)
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Class T
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName
      Class T
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName
      Class T
      Management Fees rr_ManagementFeesOverAssets 0.07%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
      Other Expenses rr_OtherExpensesOverAssets 1.89%
      Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.70% [1]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 1.24% [1]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.46% [1]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
      Class T Shares
      1 Year rr_ExpenseExampleYear01 273
      3 Years rr_ExpenseExampleYear03 838
      5 Years rr_ExpenseExampleYear05 1,430
      10 Years rr_ExpenseExampleYear10 3,032
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName
      Class T Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 273
      3 Years rr_ExpenseExampleNoRedemptionYear03 838
      5 Years rr_ExpenseExampleNoRedemptionYear05 1,430
      10 Years rr_ExpenseExampleNoRedemptionYear10 3,032
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class A
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class A Shares
      Label rr_AverageAnnualReturnLabel
      Return Before Taxes
      [2]
      1 Year rr_AverageAnnualReturnYear01 (13.24%)
      Since Inception rr_AverageAnnualReturnSinceInception (1.79%)
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class C
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class C Shares
      Label rr_AverageAnnualReturnLabel
      Return Before Taxes
      [3]
      1 Year rr_AverageAnnualReturnYear01 (9.46%)
      Since Inception rr_AverageAnnualReturnSinceInception (0.62%)
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class S
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class S Shares
      Label rr_AverageAnnualReturnLabel
      Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 (8.07%)
      Since Inception rr_AverageAnnualReturnSinceInception (0.19%)
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class I
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class I Shares
      Label rr_AverageAnnualReturnLabel
      Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 (8.00%)
      Since Inception rr_AverageAnnualReturnSinceInception 0.06%
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class T
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class T Shares
      Label rr_AverageAnnualReturnLabel
      Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 (7.87%)
      Since Inception rr_AverageAnnualReturnSinceInception 0.03%
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions | Class I
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class I Shares
      Label rr_AverageAnnualReturnLabel
      Return After Taxes on Distributions
      1 Year rr_AverageAnnualReturnYear01 (9.03%)
      Since Inception rr_AverageAnnualReturnSinceInception (0.71%)
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class I
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class I Shares
      Label rr_AverageAnnualReturnLabel
      Return After Taxes on Distributions and Sale of Fund Shares
      [4]
      1 Year rr_AverageAnnualReturnYear01 (4.11%)
      Since Inception rr_AverageAnnualReturnSinceInception (0.15%)
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      Janus World Allocation Fund | Class A, C, S, I, T Shares | Morgan Stanley Capital International All Country World Index (net of foreign withholding taxes) (reflects no deduction for expenses, fees, or taxes, except foreign withholding taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel Morgan Stanley Capital International All Country World Indexsm (net of foreign withholding taxes)
      1 Year rr_AverageAnnualReturnYear01 (7.35%)
      Since Inception rr_AverageAnnualReturnSinceInception (0.71%)
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      Janus World Allocation Fund | Class A, C, S, I, T Shares | World Allocation Index (reflects no deduction for expenses, fees, or taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel World Allocation Index
      1 Year rr_AverageAnnualReturnYear01 (2.72%)
      Since Inception rr_AverageAnnualReturnSinceInception 2.25%
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 03, 2008
      [1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any expenses of an underlying fund (acquired fund fees and expenses), the distribution and shareholder servicing fees - applicable to Class A Shares, Class C Shares, and Class S Shares; administrative services fees payable pursuant to the Transfer Agency Agreement (except for networking and omnibus fees for Class A Shares, Class C Shares, and Class I Shares); brokerage commissions; interest; dividends; taxes; and extraordinary expenses) to 0.45% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
      [2] Calculated assuming maximum permitted sales loads.
      [3] The one year return is calculated to include the contingent deferred sales charge.
      [4] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      XML 103 R268.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Document Creation Date dei_DocumentCreationDate Oct. 25, 2012
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      Janus Conservative Allocation Fund | Class D Shares
      Fund summary

      Janus Conservative Allocation Fund
      INVESTMENT OBJECTIVE
      Janus Conservative Allocation Fund seeks total return through a primary emphasis on income with a secondary emphasis on growth of capital.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses
      Janus Conservative Allocation Fund
      Class D Shares
      Class D
      Operating Expenses Column [Text] Class D
      Management Fees 0.05%
      Other Expenses [1] 0.22%
      Acquired Fund Fees and Expenses 0.64%
      Total Annual Fund Operating Expenses 0.91%
      [1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
      EXAMPLE:
      The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Janus Conservative Allocation Fund Class D Shares Class D
      Class D Shares 93 290 504 1,120
      Portfolio Turnover:
      The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10% of the average value of its portfolio.
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 40% to stocks and 60% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

      The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

      The Fund will normally allocate approximately 60% of its investments to underlying bond funds and money market instruments; and approximately 40% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets). Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

      When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
      PRINCIPAL INVESTMENT RISKS
      The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking income and, to a lesser extent, growth of capital. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

      Main Risks Associated with the Fund
      Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

      Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

      Main Risks Associated with the Underlying Funds and Securities
      The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

      Fixed-Income Securities Risk. Approximately 60% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

      Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

      Market Risk. Approximately 40% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

      Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

      Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

      Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

      Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      PERFORMANCE INFORMATION
      The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Annual Total Returns for Class D Shares (calendar year-end)
      Bar Chart
      Best Quarter:  Second Quarter 2009  10.64%          Worst Quarter:  Third Quarter 2008  −6.58%
      The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 9.32%.
      Average Annual Total Returns (periods ended 12/31/11)
      Average Annual Total Returns Janus Conservative Allocation Fund Class D Shares
      Column
      Label
      1 Year
      5 Years
      Since Inception
      Inception Date
      Class D Return Before Taxes
      Class D Shares Return Before Taxes 1.51% 5.11% 6.08% Dec. 30, 2005
      Class D Return After Taxes on Distributions
      Class D Shares Return After Taxes on Distributions 0.54% 4.00% 5.03% Dec. 30, 2005
      Class D Return After Taxes on Distributions and Sale of Fund Shares
      Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] 1.07% 3.76% 4.66% Dec. 30, 2005
      S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
        S&P 500® Index 2.11% (0.25%) 2.26% Dec. 30, 2005
      Conservative Allocation Index (reflects no deduction for expenses, fees, or taxes)
        Conservative Allocation Index 3.61% 3.89% 4.89% Dec. 30, 2005
      [1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      The Conservative Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Barclays U.S. Aggregate Bond Index (60%), the Dow Jones Wilshire 5000 Index (28%), and the Morgan Stanley Capital International Europe, Australasia, Far East Index (“MSCI EAFE®”) Index (12%).

      After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      XML 106 R180.htm IDEA: XBRL DOCUMENT v2.4.0.6
      INTECH Global Dividend Fund | Class D Shares
      Fund summary

      INTECH Global Dividend Fund
      INVESTMENT OBJECTIVE
      INTECH Global Dividend Fund seeks long-term growth of capital and income.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      ANNUAL FUND OPERATING EXPENSES
          (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses
      INTECH Global Dividend Fund
      Class D Shares
      Class D
      Operating Expenses Column [Text]
      Class D
      Management Fees 0.55%
      Other Expenses 5.60%
      Total Annual Fund Operating Expenses [1] 6.15%
      Fee Waiver [1] 5.34%
      Total Annual Fund Operating Expenses After Fee Waiver [1] 0.81%
      [1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.50% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 15, 2011), Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
      EXAMPLE:
      The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      INTECH Global Dividend Fund Class D Shares Class D
      Class D Shares
      611 1,813 2,988 5,808
      Portfolio Turnover:
      The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the period December 15, 2011 to June 30, 2012, the Fund’s portfolio turnover rate was 24% of the average value of its portfolio.
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund invests, under normal circumstances, at least 80% of its net assets in dividend-paying securities. The Fund invests primarily in common stocks from the universe of the Morgan Stanley Capital International (“MSCI”) World High Dividend Yield Index, utilizing INTECH’s mathematical investment process. The MSCI World High Dividend Yield Index is designed to reflect the performance of the high dividend yield securities contained within the broader MSCI World Indexsm. The Fund may also invest in foreign equity and debt securities.

      The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
      PRINCIPAL INVESTMENT RISKS
      The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

      Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio.

      Dividend Risk. Companies that issue dividend-yielding securities are not required to continue to pay dividends on such securities. Therefore, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future.

      Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

      Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      PERFORMANCE INFORMATION
      The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
      XML 107 R95.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Janus Global Bond Fund | Class D Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      Janus Global Bond Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Global Bond Fund seeks total return, consistent with preservation of capital.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 222% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 222.00%
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in bonds. Bonds include, but are not limited to, corporate bonds, government notes and bonds, convertible bonds, mortgage-backed securities, and zero-coupon bonds. The Fund invests in corporate debt securities of issuers in a number of different countries, which may include the United States. The Fund invests in securities of issuers located in developed and emerging market countries. The Fund may invest across all fixed-income sectors, including U.S. and non-U.S. government securities. The Fund’s investments may be denominated in local currency or U.S. dollar-denominated. The Fund may invest in debt securities with a range of maturities from short- to long-term. The Fund may invest up to 35% of its net assets in high-yield/high-risk debt securities. The Fund may also invest in preferred and common stock, money market instruments, municipal bonds, commercial and residential mortgage-backed securities, asset-backed securities, other securitized and structured debt products, private placements, and other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in bank loans, euro-denominated obligations, buy backs or dollar rolls, when-issued securities, and reverse repurchase agreements. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

      In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund has invested in and is expected to continue to invest in collateralized forward foreign currency exchange contracts, futures, options, and swaps (including interest rate swaps, total return swaps, and credit default swaps) for hedging purposes (to offset risks associated with an investment, currency exposure, or market conditions) and to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment or currency exposure, to adjust its currency exposure relative to its benchmark index, and to earn income and enhance returns. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

      In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

      Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

      Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due.

      Eurozone Exposure Risk. The Fund’s investment may include certain securities that are denominated and traded in, or based on, the euro, the official currency of the Eurozone. European markets have recently experienced volatility and adverse trends due to concerns about economic downturns, rising government debt levels, and the possible default of government debt in several European countries, including Greece, Ireland, Italy, Portugal, and Spain. A default or debt restructuring by any European country would adversely impact holders of that country’s debt and worldwide sellers of credit default swaps linked to that country’s creditworthiness. These trends have adversely affected the value and exchange rate of the euro and may continue to significantly affect the economies of all European countries, which in turn may have a material adverse affect on a Fund’s investments in such countries, other countries that depend on European countries for significant amounts of trade or investment, or issuers with exposure to European debt.

      Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. There is a risk in developing countries that a future economic or political crisis could lead to price controls, forced mergers of companies, expropriation or confiscatory taxation, seizure, nationalization, or creation of government monopolies, any of which may have a detrimental effect on the Fund’s investments. In addition, the Fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of the Fund’s investments. To the extent that the Fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when the Fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks. As of June 30, 2012, approximately 10.1% of the Fund’s investments were in emerging markets.

      Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner. A sovereign debtor’s willingness or ability to satisfy its debt obligation may be affected by various factors including, but not limited to, its cash flow situation, the extent of its foreign currency reserves, the availability of foreign exchange when a payment is due, and the relative size of its debt position in relation to its economy as a whole. In the event of default, there may be limited or no legal remedies for collecting sovereign debt and there may be no bankruptcy proceedings through which the Fund may collect all or part of the sovereign debt that a governmental entity has not repaid.

      Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

      High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds (also known as “junk bonds”) may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

      Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

      Exchange-Traded Funds Risk. The Fund may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

      Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

      Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The bar chart depicts the Fund’s performance during the period indicated. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

      The bar chart depicts the Fund’s performance during the period indicated.
      Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions.
      Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
      Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
      Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
      Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
      Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
      Best Quarter:  Second Quarter 2011  2.84%          Worst Quarter:  Third Quarter 2011  0.60%
      Year to Date Return, Label rr_YearToDateReturnLabel The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 7.82%.
      Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
      Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
      Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Janus Global Bond Fund | Class D Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName
      Class D
      Management Fees rr_ManagementFeesOverAssets 0.60%
      Other Expenses rr_OtherExpensesOverAssets 0.71%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31% [1]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.40% [1]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.91% [1]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName
      Class D Shares
      1 Year rr_ExpenseExampleYear01 133
      3 Years rr_ExpenseExampleYear03 415
      5 Years rr_ExpenseExampleYear05 718
      10 Years rr_ExpenseExampleYear10 1,579
      2011 rr_AnnualReturn2011 6.65%
      Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
      Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.82%
      Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
      Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2011
      Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 2.84%
      Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
      Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
      Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.60%
      Janus Global Bond Fund | Class D Shares | Return Before Taxes | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class D Shares
      Label rr_AverageAnnualReturnLabel
      Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 6.65%
      Since Inception rr_AverageAnnualReturnSinceInception 6.59%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
      Janus Global Bond Fund | Class D Shares | Return After Taxes on Distributions | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class D Shares
      Label rr_AverageAnnualReturnLabel
      Return After Taxes on Distributions
      1 Year rr_AverageAnnualReturnYear01 5.31%
      Since Inception rr_AverageAnnualReturnSinceInception 5.26%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
      Janus Global Bond Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName
      Class D Shares
      Label rr_AverageAnnualReturnLabel
      Return After Taxes on Distributions and Sale of Fund Shares
      1 Year rr_AverageAnnualReturnYear01 4.33%
      Since Inception rr_AverageAnnualReturnSinceInception 4.85%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
      Janus Global Bond Fund | Class D Shares | Barclays Global Aggregate Bond Index (reflects no deduction for expenses, fees, or taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel
      Barclays Global Aggregate Bond Index
      1 Year rr_AverageAnnualReturnYear01 5.64%
      Since Inception rr_AverageAnnualReturnSinceInception 7.16%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
      Janus Global Bond Fund | Class D Shares | Barclays Global Aggregate Corporate Bond Index (reflects no deduction for expenses, fees, or taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel
      Barclays Global Aggregate Corporate Bond Index
      1 Year rr_AverageAnnualReturnYear01 4.32%
      Since Inception rr_AverageAnnualReturnSinceInception 6.05%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 28, 2010
      [1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.75% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (December 28, 2010) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
      XML 108 R107.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Janus Short-Term Bond Fund | Class D Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      Janus Short-Term Bond Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Short-Term Bond Fund seeks as high a level of current income as is consistent with preservation of capital.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 93% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 93.00%
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets in short- and intermediate-term securities such as corporate bonds or notes or government securities, including agency securities. The Fund may invest up to 35% of its net assets in high-yield/high risk bonds, also known as “junk bonds.” The Fund expects to maintain an average-weighted effective maturity of three years or less under normal circumstances. As of June 30, 2012, the Fund’s weighted average maturity was 2.4 years. The Fund may also invest in bank loans, mortgage-backed securities, asset-backed securities, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

      “Effective” maturity differs from actual maturity, which may be longer. In calculating the “effective” maturity the portfolio managers will estimate the effect of expected principal payments and call provisions on securities held in the portfolio. This gives the portfolio managers some additional flexibility in the securities they purchase, but all else being equal, could result in more volatility than if the Fund calculated an actual maturity target.

      In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

      In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

      Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

      Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

      Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

      Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

      Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

      Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      High-Yield/High-Risk Bond Risk. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

      Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

      Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

      The bar chart depicts the change in performance from year to year during the periods indicated.
      Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
      Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
      Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
      Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
      Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
      Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
      Best Quarter:  Second Quarter 2009  3.18%          Worst Quarter:  Second Quarter 2008  −0.90%
      Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 3.05%.
      Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
      Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
      Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
      Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Janus Short-Term Bond Fund | Class D Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
      Management Fees rr_ManagementFeesOverAssets 0.55%
      Other Expenses rr_OtherExpensesOverAssets 0.19%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.74% [1]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.05% [1]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.69% [1]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
      1 Year rr_ExpenseExampleYear01 76
      3 Years rr_ExpenseExampleYear03 237
      5 Years rr_ExpenseExampleYear05 411
      10 Years rr_ExpenseExampleYear10 918
      2002 rr_AnnualReturn2002 3.57%
      2003 rr_AnnualReturn2003 3.91%
      2004 rr_AnnualReturn2004 1.96%
      2005 rr_AnnualReturn2005 1.52%
      2006 rr_AnnualReturn2006 4.21%
      2007 rr_AnnualReturn2007 5.21%
      2008 rr_AnnualReturn2008 4.63%
      2009 rr_AnnualReturn2009 8.56%
      2010 rr_AnnualReturn2010 3.48%
      2011 rr_AnnualReturn2011 1.50%
      Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
      Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 3.05%
      Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
      Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
      Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 3.18%
      Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
      Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2008
      Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (0.90%)
      Janus Short-Term Bond Fund | Class D Shares | Return Before Taxes | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 1.50%
      5 Years rr_AverageAnnualReturnYear05 4.65%
      10 Years rr_AverageAnnualReturnYear10 3.83%
      Since Inception rr_AverageAnnualReturnSinceInception 4.65%
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
      Janus Short-Term Bond Fund | Class D Shares | Return After Taxes on Distributions | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
      1 Year rr_AverageAnnualReturnYear01 0.66%
      5 Years rr_AverageAnnualReturnYear05 3.43%
      10 Years rr_AverageAnnualReturnYear10 2.63%
      Since Inception rr_AverageAnnualReturnSinceInception 2.93%
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
      Janus Short-Term Bond Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [2]
      1 Year rr_AverageAnnualReturnYear01 1.01%
      5 Years rr_AverageAnnualReturnYear05 3.27%
      10 Years rr_AverageAnnualReturnYear10 2.58%
      Since Inception rr_AverageAnnualReturnSinceInception 2.90%
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
      Janus Short-Term Bond Fund | Class D Shares | Barclays 1-3 Year U.S. Government/Credit Index (reflects no deduction for expenses, fees, or taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel Barclays 1-3 Year U.S. Government/Credit Index
      1 Year rr_AverageAnnualReturnYear01 1.59%
      5 Years rr_AverageAnnualReturnYear05 3.99%
      10 Years rr_AverageAnnualReturnYear10 3.63%
      Since Inception rr_AverageAnnualReturnSinceInception 4.80%
      Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 1992
      [1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.55% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
      [2] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Perkins Small Cap Value Fund | Class D Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      Perkins Small Cap Value Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Perkins Small Cap Value Fund seeks capital appreciation.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 62% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 62.00%
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund’s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

      The Fund’s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.

      The Fund’s portfolio managers generally look for companies with:
      • strong balance sheets and solid recurring free cash flows
      • attractive relative and absolute valuation ratios or that have underperformed recently
      • favorable reward to risk characteristics
      The portfolio managers’ philosophy is to weigh a security’s downside risk before considering its upside potential, which may help provide an element of capital preservation.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

      Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

      Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Small-Sized Companies Risk. The Fund’s investments in securities issued by small-sized companies, which tend to be smaller, start-up companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

      Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares (formerly named Investor Shares). For the periods prior to April 21, 2003, the performance shown for Class D Shares reflects the historical performance of Berger Small Cap Value Fund – Investor Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Investor Shares into the Fund’s Class J Shares). If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

      The bar chart depicts the change in performance from year to year during the periods indicated.
      Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
      Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
      Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
      Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
      Bar Chart [Heading] rr_BarChartHeading
      Annual Total Returns for Class D Shares (calendar year-end)
      Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
      Best Quarter:  Second Quarter 2009  23.04%          Worst Quarter:  Third Quarter 2002  −22.57%
      Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 6.28%.
      Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
      Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
      Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
      Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; for the Fund’s Class J Shares (formerly named Investor Shares) for the period April 21, 2003 to February 16, 2010; and for Berger Small Cap Value Fund – Investor Shares for periods prior to April 21, 2003. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Perkins Small Cap Value Fund | Class D Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
      Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.75%
      Other Expenses rr_OtherExpensesOverAssets 0.20%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.95%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
      1 Year rr_ExpenseExampleYear01 97
      3 Years rr_ExpenseExampleYear03 303
      5 Years rr_ExpenseExampleYear05 525
      10 Years rr_ExpenseExampleYear10 1,166
      2002 rr_AnnualReturn2002 (15.59%)
      2003 rr_AnnualReturn2003 36.78%
      2004 rr_AnnualReturn2004 13.57%
      2005 rr_AnnualReturn2005 8.90%
      2006 rr_AnnualReturn2006 12.37%
      2007 rr_AnnualReturn2007 2.97%
      2008 rr_AnnualReturn2008 (21.79%)
      2009 rr_AnnualReturn2009 36.59%
      2010 rr_AnnualReturn2010 18.00%
      2011 rr_AnnualReturn2011 (3.33%)
      Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
      Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.28%
      Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
      Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
      Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.04%
      Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
      Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2002
      Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.57%)
      Perkins Small Cap Value Fund | Class D Shares | Return Before Taxes | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 (3.33%)
      5 Years rr_AverageAnnualReturnYear05 4.64%
      10 Years rr_AverageAnnualReturnYear10 7.25%
      Perkins Small Cap Value Fund | Class D Shares | Return After Taxes on Distributions | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
      1 Year rr_AverageAnnualReturnYear01 (5.81%)
      5 Years rr_AverageAnnualReturnYear05 2.91%
      10 Years rr_AverageAnnualReturnYear10 5.38%
      Perkins Small Cap Value Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [1]
      1 Year rr_AverageAnnualReturnYear01 (0.51%)
      5 Years rr_AverageAnnualReturnYear05 3.44%
      10 Years rr_AverageAnnualReturnYear10 5.75%
      Perkins Small Cap Value Fund | Class D Shares | Russell 2000 Value Index (reflects no deduction for expenses, fees, or taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel Russell 2000® Value Index
      1 Year rr_AverageAnnualReturnYear01 (5.50%)
      5 Years rr_AverageAnnualReturnYear05 (1.87%)
      10 Years rr_AverageAnnualReturnYear10 6.40%
      [1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
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      Janus Moderate Allocation Fund | Class A, C, S, I, T Shares
      Fund summary

      Janus Moderate Allocation Fund
      INVESTMENT OBJECTIVE
      Janus Moderate Allocation Fund seeks total return through growth of capital and income.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
      For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 45 of the Fund’s Prospectus and in the “Purchases” section on page 63 of the Fund’s Statement of Additional Information.
      SHAREHOLDER FEES
      (fees paid directly from your investment)
      Shareholder Fees Janus Moderate Allocation Fund Class A, C, S, I, T Shares
      Class A
      Class C
      Class S
      Class I
      Class T
      Shareholder Fees Column [Text]
      Class A
      Class C
      Class S
      Class I
      Class T
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none none none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) none 1.00% none none none
      ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses Janus Moderate Allocation Fund Class A, C, S, I, T Shares
      Class A
      Class C
      Class S
      Class I
      Class T
      Operating Expenses Column [Text]
      Class A
      Class C
      Class S
      Class I
      Class T
      Management Fees 0.05% 0.05% 0.05% 0.05% 0.05%
      Distribution/Service (12b-1) Fees 0.25% 1.00% 0.25% none none
      Other Expenses [1] 0.15% 0.24% 0.33% 0.16% 0.34%
      Acquired Fund Fees and Expenses 0.69% 0.69% 0.69% 0.69% 0.69%
      Total Annual Fund Operating Expenses 1.14% 1.98% 1.32% 0.90% 1.08%
      [1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
      EXAMPLE:
      The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      If Shares are redeemed:
      Expense Example Janus Moderate Allocation Fund Class A, C, S, I, T Shares (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Class A
      Class A Shares
      685 916 1,167 1,881
      Class C
      Class C Shares
      301 621 1,068 2,306
      Class S
      Class S Shares
      134 418 723 1,590
      Class I
      Class I Shares
      92 287 498 1,108
      Class T
      Class T Shares
      110 343 595 1,317
      If Shares are not redeemed:
      Expense Example, No Redemption Janus Moderate Allocation Fund Class A, C, S, I, T Shares (USD $)
      Expense Example, No Redemption, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Class A
      Class A Shares
      685 916 1,167 1,881
      Class C
      Class C Shares
      201 621 1,068 2,306
      Class S
      Class S Shares
      134 418 723 1,590
      Class I
      Class I Shares
      92 287 498 1,108
      Class T
      Class T Shares
      110 343 595 1,317
      Portfolio Turnover:
      The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 18% of the average value of its portfolio.
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 60% to stocks and 40% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

      The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

      The Fund will normally allocate approximately 60% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 40% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

      When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
      PRINCIPAL INVESTMENT RISKS
      The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

      Main Risks Associated with the Fund
      Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

      Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

      Main Risks Associated with the Underlying Funds and Securities
      The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

      Market Risk. Approximately 60% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Fixed-Income Securities Risk. Approximately 40% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

      Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

      Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

      Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

      Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

      Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

      Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      PERFORMANCE INFORMATION
      The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.
      • The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
      • The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
      • The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
      If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      Annual Total Returns for Class T Shares (calendar year-end)
      Bar Chart
      Best Quarter:  Second Quarter 2009  14.27%        Worst Quarter:  Fourth Quarter 2008  −11.62%
      The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.26%.
      Average Annual Total Returns (periods ended 12/31/11)
      Average Annual Total Returns Janus Moderate Allocation Fund Class A, C, S, I, T Shares
      Column
      Label
      1 Year
      5 Years
      Since Inception
      Inception Date
      Class T Shares Return Before Taxes
      Class T Shares
      Return Before Taxes
      (2.61%) 3.70% 5.39% Dec. 30, 2005
      Class T Shares Return After Taxes on Distributions
      Class T Shares
      Return After Taxes on Distributions
      (3.32%) 2.81% 4.55% Dec. 30, 2005
      Class T Shares Return After Taxes on Distributions and Sale of Fund Shares
      Class T Shares
      Return After Taxes on Distributions and Sale of Fund Shares
      [1] (1.57%) 2.71% 4.22% Dec. 30, 2005
      Class A Shares Return Before Taxes
      Class A Shares
      Return Before Taxes
      [2] (8.26%) 2.33% 4.19% Dec. 30, 2005
      Class C Shares Return Before Taxes
      Class C Shares
      Return Before Taxes
      [3] (4.34%) 2.80% 4.46% Dec. 30, 2005
      Class S Shares Return Before Taxes
      Class S Shares
      Return Before Taxes
      (2.93%) 3.30% 4.97% Dec. 30, 2005
      Class I Shares Return Before Taxes
      Class I Shares
      Return Before Taxes
      (2.47%) 3.70% 5.39% Dec. 30, 2005
      S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
       
      S&P 500® Index
      2.11% (0.25%) 2.26% Dec. 30, 2005
      Moderate Allocation Index (reflects no deduction for expenses, fees, or taxes)
       
      Moderate Allocation Index
      0.96% 2.43% 4.16% Dec. 30, 2005
      [1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      [2] Calculated assuming maximum permitted sales loads.
      [3] The one year return is calculated to include the contingent deferred sales charge.
      The Moderate Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (40%), the Barclays U.S. Aggregate Bond Index (40%), the MSCI EAFE® Index (18%), and the Morgan Stanley Capital International Emerging Markets Free Indexsm (2%).

      After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

      After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
      XML 114 R171.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      INTECH U.S. Growth Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock INTECH U.S. Growth Fund seeks long-term growth of capital.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
      Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
      (fees paid directly from your investment)
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 84% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 84.00%
      Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the "Purchases" section on page 46 of the Fund's Prospectus and in the "Purchases" section on page 83 of the Fund's Statement of Additional Information.
      Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
      Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the Russell 1000® Growth Index, utilizing INTECH's mathematical investment process. The Russell 1000® Growth Index is an unmanaged index that measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.

      The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH's mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a "buy and hold" fund strategy.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund's returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

      Growth Securities Risk. Securities of companies perceived to be "growth" companies may be more volatile than other stocks and may involve special risks. If a company's growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund's returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, "growth" stocks may perform differently from the market as a whole and other types of securities.

      Market Risk. The value of the Fund's portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund's portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund's performance.

      Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund's performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund's returns will vary, and you could lose money.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. Class S Shares, Class A Shares, Class C Shares, and Class I Shares of the Fund commenced operations on July 6, 2009, after the reorganization of each corresponding class of shares of Janus Adviser INTECH Risk-Managed Growth Fund ("JAD predecessor fund") into each respective share class of the Fund. Class T Shares of the Fund commenced operations on July 6, 2009.
      • The performance shown for Class S Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class S Shares prior to the reorganization, calculated using the fees and expenses of the JAD predecessor fund's Class S Shares, net of any applicable fee and expense limitations or waivers.
      • The performance shown for Class A Shares reflects the performance of the JAD predecessor fund's Class A Shares from September 30, 2004 to July 6, 2009 (prior to the reorganization), calculated using the fees and expenses of Class A Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers. Performance shown for certain periods prior to September 30, 2004 reflects the historical performance of the JAD predecessor fund's Class S Shares (formerly named Class I Shares), calculated using the fees and expenses of Class S Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
      • The performance shown for Class C Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class C Shares prior to the reorganization, calculated using the fees and expenses of the JAD predecessor fund's Class C Shares, net of any applicable fee and expense limitations or waivers.
      • The performance shown for Class I Shares reflects the performance of the JAD predecessor fund's Class I Shares from November 28, 2005 to July 6, 2009 (prior to the reorganization), calculated using the fees and expenses of Class I Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers. Performance shown for certain periods prior to November 28, 2005 reflects the historical performance of the JAD predecessor fund's Class S Shares (formerly named Class I Shares), calculated using the fees and expenses of Class S Shares of the JAD predecessor fund, net of any applicable fee and expense limitations or waivers.
      • The performance shown for Class T Shares for periods prior to July 6, 2009, reflects the historical performance of the JAD predecessor fund's Class S Shares prior to the reorganization, calculated using the fees and expenses of Class S Shares, net of any applicable fee and expense limitations or waivers.
      If Class A Shares, Class I Shares, and Class T Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund's commencement of Class S Shares, Class A Shares, Class C Shares, Class I Shares, and Class T Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

      The bar chart depicts the change in performance from year to year during the periods indicated.
      Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
      Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
      Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
      Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
      Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class S Shares (calendar year-end)
      Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
      Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
      Best Quarter:  Second Quarter 2009  15.04%          Worst Quarter:  Fourth Quarter 2008   −25.11%
      Year to Date Return, Label rr_YearToDateReturnLabel The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 16.23%.
      Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
      Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
      Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class S Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class S Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
      Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
      Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund's Class S Shares for periods following July 6, 2009; and for the JAD predecessor fund's Class S Shares (formerly named Class I Shares) for periods prior to July 6, 2009. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

      After-tax returns are only shown for Class S Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class S Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
      Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Class A
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
      Management Fees rr_ManagementFeesOverAssets 0.50%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
      Other Expenses rr_OtherExpensesOverAssets 0.17%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.92%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
      1 Year rr_ExpenseExampleYear01 663
      3 Years rr_ExpenseExampleYear03 851
      5 Years rr_ExpenseExampleYear05 1,055
      10 Years rr_ExpenseExampleYear10 1,641
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 663
      3 Years rr_ExpenseExampleNoRedemptionYear03 851
      5 Years rr_ExpenseExampleNoRedemptionYear05 1,055
      10 Years rr_ExpenseExampleNoRedemptionYear10 1,641
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Class C
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
      Management Fees rr_ManagementFeesOverAssets 0.50%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
      Other Expenses rr_OtherExpensesOverAssets 0.21%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.71%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
      1 Year rr_ExpenseExampleYear01 274
      3 Years rr_ExpenseExampleYear03 539
      5 Years rr_ExpenseExampleYear05 928
      10 Years rr_ExpenseExampleYear10 2,019
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 174
      3 Years rr_ExpenseExampleNoRedemptionYear03 539
      5 Years rr_ExpenseExampleNoRedemptionYear05 928
      10 Years rr_ExpenseExampleNoRedemptionYear10 2,019
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Class S
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
      Management Fees rr_ManagementFeesOverAssets 0.50%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
      Other Expenses rr_OtherExpensesOverAssets 0.32%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.07%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
      1 Year rr_ExpenseExampleYear01 109
      3 Years rr_ExpenseExampleYear03 340
      5 Years rr_ExpenseExampleYear05 590
      10 Years rr_ExpenseExampleYear10 1,306
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 109
      3 Years rr_ExpenseExampleNoRedemptionYear03 340
      5 Years rr_ExpenseExampleNoRedemptionYear05 590
      10 Years rr_ExpenseExampleNoRedemptionYear10 1,306
      2004 rr_AnnualReturn2004 12.34%
      2005 rr_AnnualReturn2005 6.90%
      2006 rr_AnnualReturn2006 6.90%
      2007 rr_AnnualReturn2007 10.30%
      2008 rr_AnnualReturn2008 (42.71%)
      2009 rr_AnnualReturn2009 32.84%
      2010 rr_AnnualReturn2010 17.50%
      2011 rr_AnnualReturn2011 1.73%
      Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
      Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 16.23%
      Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
      Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
      Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.04%
      Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
      Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
      Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (25.11%)
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Class I
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
      Management Fees rr_ManagementFeesOverAssets 0.50%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
      Other Expenses rr_OtherExpensesOverAssets 0.12%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.62%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
      1 Year rr_ExpenseExampleYear01 63
      3 Years rr_ExpenseExampleYear03 199
      5 Years rr_ExpenseExampleYear05 346
      10 Years rr_ExpenseExampleYear10 774
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 63
      3 Years rr_ExpenseExampleNoRedemptionYear03 199
      5 Years rr_ExpenseExampleNoRedemptionYear05 346
      10 Years rr_ExpenseExampleNoRedemptionYear10 774
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Class T
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
      Management Fees rr_ManagementFeesOverAssets 0.50%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
      Other Expenses rr_OtherExpensesOverAssets 0.33%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.83%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
      1 Year rr_ExpenseExampleYear01 85
      3 Years rr_ExpenseExampleYear03 265
      5 Years rr_ExpenseExampleYear05 460
      10 Years rr_ExpenseExampleYear10 1,025
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 85
      3 Years rr_ExpenseExampleNoRedemptionYear03 265
      5 Years rr_ExpenseExampleNoRedemptionYear05 460
      10 Years rr_ExpenseExampleNoRedemptionYear10 1,025
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class A
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class A Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes [1]
      1 Year rr_AverageAnnualReturnYear01 (3.80%)
      5 Years rr_AverageAnnualReturnYear05 (0.91%)
      Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 4.96%
      Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class C
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class C Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes [2]
      1 Year rr_AverageAnnualReturnYear01 0.27%
      5 Years rr_AverageAnnualReturnYear05 (0.56%)
      Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 4.84%
      Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class S
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class S Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 1.73%
      5 Years rr_AverageAnnualReturnYear05 0.07%
      Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 5.44%
      Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class I
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class I Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 2.23%
      5 Years rr_AverageAnnualReturnYear05 0.53%
      Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 5.44%
      Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class T
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class T Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 2.03%
      5 Years rr_AverageAnnualReturnYear05 0.07%
      Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 5.44%
      Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions | Class S
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class S Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
      1 Year rr_AverageAnnualReturnYear01 1.66%
      5 Years rr_AverageAnnualReturnYear05 (0.16%)
      Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 4.92%
      Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class S
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class S Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [3]
      1 Year rr_AverageAnnualReturnYear01 1.22%
      5 Years rr_AverageAnnualReturnYear05 0.04%
      Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 4.57%
      Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
      INTECH U.S. Growth Fund | Class A, C, S, I, T Shares | Russell 1000 Growth Index (reflects no deduction for expenses, fees, or taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel Russell 1000® Growth Index
      1 Year rr_AverageAnnualReturnYear01 2.64%
      5 Years rr_AverageAnnualReturnYear05 2.50%
      Since Inception of Predecessor Fund rr_AverageAnnualReturnSinceInception 6.30%
      Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
      [1] Calculated assuming maximum permitted sales loads.
      [2] The one year return is calculated to include the contingent deferred sales charge.
      [3] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      XML 115 R262.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Perkins Small Cap Value Fund | Class L Shares
      Fund summary

      Perkins Small Cap Value Fund
      INVESTMENT OBJECTIVE
      Perkins Small Cap Value Fund seeks capital appreciation.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses
      Perkins Small Cap Value Fund
      Class L Shares
      Class L
      Operating Expenses Column [Text] Class L
      Management Fees (may adjust up or down) 0.75%
      Other Expenses 0.27%
      Total Annual Fund Operating Expenses 1.02%
      EXAMPLE:
      The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Perkins Small Cap Value Fund Class L Shares Class L
      Class L Shares 104 325 563 1,248
      Portfolio Turnover:
      The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 62% of the average value of its portfolio.
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund pursues its investment objective by investing primarily in the common stocks of small companies whose stock prices are believed to be undervalued by the Fund’s portfolio managers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of small companies whose market capitalization, at the time of initial purchase, is less than the 12-month average of the maximum market capitalization for companies included in the Russell 2000® Value Index. This average is updated monthly. The market capitalizations within the index will vary, but as of June 30, 2012, they ranged from approximately $85 million to $2.7 billion. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. The Fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund may invest up to 20% of its net assets in cash or similar investments.

      The Fund’s securities selection focuses on companies that are out of favor with markets or have not yet been discovered by the broader investment community.

      The Fund’s portfolio managers generally look for companies with:
      • strong balance sheets and solid recurring free cash flows
      • attractive relative and absolute valuation ratios or that have underperformed recently
      • favorable reward to risk characteristics
      The portfolio managers’ philosophy is to weigh a security’s downside risk before considering its upside potential, which may help provide an element of capital preservation.
      PRINCIPAL INVESTMENT RISKS
      The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

      Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

      Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Small-Sized Companies Risk. The Fund’s investments in securities issued by small-sized companies, which tend to be smaller, start-up companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.

      Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      PERFORMANCE INFORMATION
      The following information provides some indication of the risks of investing in the Fund by showing how the Fund's performance has varied over time. The performance shown for periods following April 21, 2003, reflects the fees and expenses of Class L Shares (formerly named Institutional Shares), net of any applicable fee and expense limitations or waivers. For the periods prior to April 21, 2003, the performance shown for Class L Shares reflects the historical performance of Berger Small Cap Value Fund – Institutional Shares (as a result of a prior reorganization of Berger Small Cap Value Fund – Institutional Shares into the Fund's Class L Shares).

      The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund's average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund's performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      Annual Total Returns for Class L Shares (calendar year-end)
      Bar Chart
      Best Quarter:  Second Quarter 2009  23.27%          Worst Quarter:  Third Quarter 2002  −22.47%
      The Fund's year-to-date return as of the calendar quarter ended September 30, 2012 was 6.38%.
      Average Annual Total Returns (periods ended 12/31/11)
      Average Annual Total Returns Perkins Small Cap Value Fund Class L Shares
      Column
      Label
      1 Year
      5 Years
      10 Years
      Class L Return Before Taxes
      Class L Shares Return Before Taxes (3.18%) 4.85% 7.48%
      Class L Return After Taxes on Distributions
      Class L Shares Return After Taxes on Distributions (5.68%) 3.09% 5.58%
      Class L Return After Taxes on Distributions and Sale of Fund Shares
      Class L Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (0.43%) 3.60% 5.93%
      Russell 2000 Value Index (reflects no deduction for expenses, fees, or taxes)
        Russell 2000® Value Index (5.50%) (1.87%) 6.40%
      [1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      After-tax returns are calculated using distributions for the Fund's Class L Shares (formerly named Institutional Shares) for the periods following April 21, 2003 and for Berger Small Cap Value Fund – Institutional Shares for periods prior to April 21, 2003. If Class L Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      XML 116 R163.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      INTECH U.S. Core Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock INTECH U.S. Core Fund seeks long-term growth of capital.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. Each share class has different expenses, but represents an investment in the same Fund.
      Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES
      (fees paid directly from your investment)
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 73% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 73.00%
      Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts For Class A Shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Janus mutual funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial professional and in the “Purchases” section on page 46 of the Fund’s Prospectus and in the “Purchases” section on page 83 of the Fund’s Statement of Additional Information.
      Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated and reinvest all dividends and distributions. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption If Shares are redeemed:
      Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If Shares are not redeemed:
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. common stocks from the universe of the S&P 500® Index, utilizing INTECH’s mathematical investment process. The S&P 500® Index is an unmanaged index of 500 stocks that is generally representative of the performance of larger companies in the United States.

      The Fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of common stocks within its named benchmark index. The goal of this process is to build a portfolio of stocks in a more efficient combination than the named benchmark index. The process seeks to capitalize on the natural volatility of the market by searching for stocks within the index that have high relative volatility (providing the potential for excess returns) but that essentially move in opposite directions or have low correlation to each other (providing the potential for lower relative risk). By constructing the portfolio in this manner and periodically rebalancing the portfolio to maintain potentially more efficient weightings, INTECH’s mathematical investment process seeks to create a portfolio that, over time, produces returns in excess of its named benchmark index with risks similar to that of the benchmark index. The rebalancing techniques used by INTECH may result in a higher portfolio turnover compared to a “buy and hold” fund strategy.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

      Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Investment Process Risk. The proprietary mathematical investment process used by INTECH may not achieve the desired results. On an occasional basis, INTECH considers changes to its mathematical investment process. These changes may result in changes to the portfolio, might not provide the intended results, and may adversely impact the Fund’s performance.

      Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney The biggest risk is that the Fund’s returns will vary, and you could lose money.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund commenced operations on July 6, 2009.
      •   The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.
      •   The performance shown for Class A Shares, Class C Shares, and Class S Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of each respective share class, without the effect of any fee and expense limitations or waivers.
      •   The performance shown for Class I Shares for periods prior to July 6, 2009, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses of Class J Shares, net of any applicable fee and expense limitations or waivers.
      If Class A Shares, Class C Shares, Class S Shares, and Class I Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown for each respective share class may have been different. The performance shown for periods following the Fund’s commencement of Class A Shares, Class C Shares, Class S Shares, and Class I Shares reflects the fees and expenses of each respective share class, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

      The bar chart depicts the change in performance from year to year during the periods indicated.
      Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
      Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-335-2687
      Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/advisor/mutual-funds
      Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
      Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class T Shares (calendar year-end)
      Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart figures do not include any applicable sales charges that an investor may pay when they buy or sell Class A Shares or Class C Shares of the Fund. If sales charges were included, the returns would be lower.
      Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
      Best Quarter:  Second Quarter 2009  14.79%     Worst Quarter:   Fourth Quarter 2008  −21.49%
      Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 14.92%.
      Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
      Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
      Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
      Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
      Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class T Shares (formerly named Class J Shares, the initial share class). After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.

      After-tax returns are only shown for Class T Shares of the Fund. After-tax returns for the other classes of Shares will vary from those shown for Class T Shares due to varying sales charges (as applicable), fees, and expenses among the classes.
      Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Class A
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class A
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class A
      Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
      Other Expenses rr_OtherExpensesOverAssets 0.20%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.99%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class A Shares
      1 Year rr_ExpenseExampleYear01 670
      3 Years rr_ExpenseExampleYear03 872
      5 Years rr_ExpenseExampleYear05 1,091
      10 Years rr_ExpenseExampleYear10 1,718
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class A Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 670
      3 Years rr_ExpenseExampleNoRedemptionYear03 872
      5 Years rr_ExpenseExampleNoRedemptionYear05 1,091
      10 Years rr_ExpenseExampleNoRedemptionYear10 1,718
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Class C
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class C
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class C
      Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
      Other Expenses rr_OtherExpensesOverAssets 0.29%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.83%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class C Shares
      1 Year rr_ExpenseExampleYear01 286
      3 Years rr_ExpenseExampleYear03 576
      5 Years rr_ExpenseExampleYear05 990
      10 Years rr_ExpenseExampleYear10 2,148
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class C Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 186
      3 Years rr_ExpenseExampleNoRedemptionYear03 576
      5 Years rr_ExpenseExampleNoRedemptionYear05 990
      10 Years rr_ExpenseExampleNoRedemptionYear10 2,148
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Class S
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class S
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class S
      Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
      Other Expenses rr_OtherExpensesOverAssets 0.37%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.16%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class S Shares
      1 Year rr_ExpenseExampleYear01 118
      3 Years rr_ExpenseExampleYear03 368
      5 Years rr_ExpenseExampleYear05 638
      10 Years rr_ExpenseExampleYear10 1,409
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class S Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 118
      3 Years rr_ExpenseExampleNoRedemptionYear03 368
      5 Years rr_ExpenseExampleNoRedemptionYear05 638
      10 Years rr_ExpenseExampleNoRedemptionYear10 1,409
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Class I
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class I
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class I
      Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
      Other Expenses rr_OtherExpensesOverAssets 0.18%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.72%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class I Shares
      1 Year rr_ExpenseExampleYear01 74
      3 Years rr_ExpenseExampleYear03 230
      5 Years rr_ExpenseExampleYear05 401
      10 Years rr_ExpenseExampleYear10 894
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class I Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 74
      3 Years rr_ExpenseExampleNoRedemptionYear03 230
      5 Years rr_ExpenseExampleNoRedemptionYear05 401
      10 Years rr_ExpenseExampleNoRedemptionYear10 894
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Class T
       
      Risk/Return: rr_RiskReturnAbstract  
      Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class T
      Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
      Maximum Deferred Sales Charge (load) (as a percentage of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class T
      Management Fees (may adjust up or down) rr_ManagementFeesOverAssets 0.54%
      Distribution/Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
      Other Expenses rr_OtherExpensesOverAssets 0.37%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.91%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class T Shares
      1 Year rr_ExpenseExampleYear01 93
      3 Years rr_ExpenseExampleYear03 290
      5 Years rr_ExpenseExampleYear05 504
      10 Years rr_ExpenseExampleYear10 1,120
      Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class T Shares
      1 Year rr_ExpenseExampleNoRedemptionYear01 93
      3 Years rr_ExpenseExampleNoRedemptionYear03 290
      5 Years rr_ExpenseExampleNoRedemptionYear05 504
      10 Years rr_ExpenseExampleNoRedemptionYear10 1,120
      2004 rr_AnnualReturn2004 17.68%
      2005 rr_AnnualReturn2005 11.06%
      2006 rr_AnnualReturn2006 11.37%
      2007 rr_AnnualReturn2007 6.40%
      2008 rr_AnnualReturn2008 (36.57%)
      2009 rr_AnnualReturn2009 22.91%
      2010 rr_AnnualReturn2010 16.28%
      2011 rr_AnnualReturn2011 4.97%
      Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
      Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 14.92%
      Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
      Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
      Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.79%
      Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
      Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
      Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.49%)
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class A
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class A Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes [1]
      1 Year rr_AverageAnnualReturnYear01 (1.16%)
      5 Years rr_AverageAnnualReturnYear05 (1.16%)
      Since Inception rr_AverageAnnualReturnSinceInception 6.78%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class C
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class C Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes [2]
      1 Year rr_AverageAnnualReturnYear01 2.99%
      5 Years rr_AverageAnnualReturnYear05 (0.72%)
      Since Inception rr_AverageAnnualReturnSinceInception 6.71%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class S
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class S Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 4.71%
      5 Years rr_AverageAnnualReturnYear05 (0.14%)
      Since Inception rr_AverageAnnualReturnSinceInception 7.31%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class I
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class I Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 5.18%
      5 Years rr_AverageAnnualReturnYear05 0.25%
      Since Inception rr_AverageAnnualReturnSinceInception 7.79%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Return Before Taxes | Class T
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class T Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 4.97%
      5 Years rr_AverageAnnualReturnYear05 0.25%
      Since Inception rr_AverageAnnualReturnSinceInception 7.79%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions | Class T
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class T Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
      1 Year rr_AverageAnnualReturnYear01 4.83%
      5 Years rr_AverageAnnualReturnYear05 (0.23%)
      Since Inception rr_AverageAnnualReturnSinceInception 7.07%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class T
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class T Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [3]
      1 Year rr_AverageAnnualReturnYear01 3.42%
      5 Years rr_AverageAnnualReturnYear05 0.18%
      Since Inception rr_AverageAnnualReturnSinceInception 6.72%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
      INTECH U.S. Core Fund | Class A, C, S, I, T Shares | S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel S&P 500® Index
      1 Year rr_AverageAnnualReturnYear01 2.11%
      5 Years rr_AverageAnnualReturnYear05 (0.25%)
      Since Inception rr_AverageAnnualReturnSinceInception 6.77%
      Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
      [1] Calculated assuming maximum permitted sales loads.
      [2] The one year return is calculated to include the contingent deferred sales charge.
      [3] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      XML 117 R240.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Perkins Select Value Fund | Class D Shares
      Fund summary

      Perkins Select Value Fund
      INVESTMENT OBJECTIVE
      Perkins Select Value Fund seeks capital appreciation.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses
      Perkins Select Value Fund
      Class D Shares
      Class D
      Operating Expenses Column [Text] Class D
      Management Fees (may adjust up or down) 0.70%
      Other Expenses 1.04%
      Total Annual Fund Operating Expenses [1] 1.74%
      Fee Waiver [1] 0.55%
      Total Annual Fund Operating Expenses After Fee Waiver [1] 1.19%
      [1] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding any performance adjustments to management fees, administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 1.00% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.
      EXAMPLE:
      The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Perkins Select Value Fund Class D Shares Class D
      Class D Shares 177 548 944 2,052
      Portfolio Turnover:
      The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the period December 15, 2011 to June 30, 2012, the Fund’s portfolio turnover rate was 80% of the average value of its portfolio.
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund pursues its investment objective by investing primarily in common stocks selected for their capital appreciation potential. The Fund primarily invests in the common stocks of companies of any size whose stock prices the portfolio managers believe to be undervalued. The Fund may also invest in foreign equity and debt securities, which may include investments in emerging markets. In addition, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, the Fund’s cash or similar investments may increase.

      The Fund focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community. The Fund’s portfolio managers generally look for companies with:
      • strong balance sheets and solid recurring free cash flows
      • attractive relative and absolute valuation ratios or that have underperformed recently
      • favorable reward to risk characteristics
      The Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices, as substitutes for securities in which the Fund invests. The Fund may invest in derivative instruments (by taking long and/or short positions) for different purposes, including hedging (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.
      PRINCIPAL INVESTMENT RISKS
      The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking an equity portfolio, including common stocks. Common stocks tend to be more volatile than many other investment choices.

      Value Investing Risk. Because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “value” stocks may perform differently than other types of stocks and from the market as a whole, and can continue to be undervalued by the market for long periods of time. It is also possible that a value stock will never appreciate to the extent expected by the Fund’s portfolio managers. When the Fund’s investments in cash or similar investments increase due to a lack of favorable investment opportunities or other extraordinary factors, the Fund may not participate in market advances or declines to the same extent that it would if the Fund had been fully invested.

      Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      Real Estate Risk. The Fund may be affected by risks associated with investments in real estate-related securities. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

      Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      PERFORMANCE INFORMATION
      The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
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      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Janus Real Return Fund | Class D Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      Janus Real Return Fund
      (formerly named Janus Real Return Allocation Fund)
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Real Return Fund seeks real return consistent with preservation of capital.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 1, 2013
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 45% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 45.00%
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses without waivers or recoupments (if applicable) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is based on expenses without waivers. The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by primarily investing in U.S. Treasury securities, short-duration high-yield/high-risk debt, commodity-linked investments, and equity securities. The Fund’s investments in U.S. Treasury securities may also include Treasury Inflation Protected Securities, also known as TIPS. As utilized by the Fund, each of these types of investments may be considered an “inflation-related investment,” which are those that may provide what is known as “real return,” or a rate of return above the rate of inflation over a full market cycle. Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

      The Fund may invest up to 90% of its net assets in short-duration high-yield/high-risk debt securities. The Fund’s investments in short-duration high-yield/high-risk securities include debt rated below investment grade, also known as “junk bonds.” Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may also invest in certain investment grade debt instruments, including corporate bonds, government bonds, municipal bonds, mortgage-backed securities, zero-coupon bonds, and agency securities. The Fund may invest in foreign debt securities.

      To seek exposure to the commodities markets, the Fund may invest in commodity-linked investments such as commodity-related exchange-traded funds (“ETFs”), commodity index-linked swap agreements, commodity options and futures, and options on futures that provide exposure to the investment returns of the commodities markets. The Fund may also invest in other commodity-linked derivative instruments, such as commodity-linked notes (“structured notes”).

      The Fund’s investments in equity securities may include common stock, preferred stock, and convertible securities, all of which may include exposure to foreign markets. The Fund may invest in companies of any market capitalization. The Fund’s equity investments may also include securities of real estate-related companies, including, but not limited to, real estate investment trusts (“REITs”) and similar REIT-like entities, such as foreign entities that have REIT characteristics.

      The Fund may also invest in derivative instruments (by taking long and/or short positions) for various purposes, including hedging by shorting interest rate futures against long positions in TIPS, using inflation index swaps to hedge against unexpected changes in the rate of inflation, using interest rate swaps to hedge against changes in interest rates, to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment, and to earn income and enhance returns. The Fund’s exposure to derivatives will vary, is not limited to those derivatives listed, and could be significant at times. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

      The Fund may also use reverse repurchase agreements to generate income as part of its inflation-related strategies. Proceeds from reverse repurchase agreement transactions may be invested in other securities or instruments to attempt to increase the Fund’s investment return. The Fund may also invest in money market instruments, buy backs or dollar rolls, other securitized debt products, bank loans, various when-issued securities, exchange-traded notes, and other investment companies.

      In addition to considering economic factors such as the rate of inflation and the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

      Inflation-Related Investment Risk. Inflation index swaps and other inflation-linked securities are subject to inflation risk. A swap held long by the Fund can potentially lose value if the rate of inflation over the life of the swap is less than the fixed rate that the Fund agrees to pay at the initiation of the swap. Except for the Fund’s investments in U.S. Treasury securities, which are guaranteed as to principal by the U.S. Treasury, the inflation-adjusted principal value of inflation-linked securities repaid at maturity may be less than the original principal. Because of the inflation-linked adjustment feature, inflation-linked securities typically have lower yields than conventional fixed-rate securities. In the event of deflation, where prices decline over time, the principal and income of inflation-linked securities will likely decline, resulting in losses to the Fund.

      High-Yield/High-Risk Bond Risk. The Fund may invest up to 90% of its net assets in higher-yielding/higher-risk bonds, also known as “junk” bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

      Commodity-Linked Investments Risk. The Fund may invest in various commodity-linked investments that provide exposure to the commodities markets. Such exposure may subject the Fund to greater volatility than investments in traditional securities. The value of a given commodity-linked derivative investment typically is based upon the price movements of a physical commodity (such as heating oil, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-linked derivative instruments may therefore be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or other factors affecting a particular industry or commodity such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.

      Exchange-Traded Funds Risk. The Fund may invest in ETFs which are typically open-end investment companies that are traded on a national securities exchange. ETFs typically incur fees, such as investment advisory fees and other operating expenses that are separate from those of the Fund, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund may be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Further, the price movement of an ETF may fluctuate against the underlying securities or commodities it tracks and may result in a loss. Because the value of ETF shares depends on the demand in the market, the Fund may not be able to purchase or sell an ETF at the most optimal time, which could adversely affect the Fund’s performance.

      The ETFs in which the Fund invests are subject to specific risks, depending on the investment strategy of the ETF. In turn, the Fund will be subject to substantially the same risks as those associated with direct exposure to the securities or commodities held by the ETF. Because the Fund may invest in a broad range of ETFs, such risks may include, but are not limited to, leverage risk, foreign exposure risk, and commodities risk.

      Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

      Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

      Sovereign Debt Risk. The Fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However, investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

      Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be complex instruments and may involve analysis that differs from that required for other investment types used by the Fund. If the value of a derivative does not correlate well with the particular market or other asset class to which the derivative is intended to provide exposure, the derivative may not produce the anticipated result. Derivatives can also reduce the opportunity for gain or result in losses by offsetting positive returns in other investments. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations. If the counterparty to a derivative transaction defaults, the Fund would risk the loss of the net amount of the payments that it contractually is entitled to receive. To the extent the Fund enters into short derivative positions, the Fund may be exposed to risks similar to those associated with short sales, including the risk that the Fund’s losses are theoretically unlimited.

      Counterparty Risk. Certain derivative and “over-the-counter” instruments, such as swaps and forwards, are subject to the risk that the other party to a contract will not fulfill its contractual obligations.

      Leverage Risk. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. In particular, certain commodity-linked investments may subject the Fund to leveraged market exposure to commodities. Leverage also occurs when the Fund increases its assets available for investment through borrowings, reverse repurchase agreements, or similar transactions. The Fund’s use of leverage can magnify the effect of any gains or losses, causing the Fund to be more volatile than if it had not been leveraged. There is no assurance that any leveraging strategy will be successful.

      Reverse Repurchase Agreement Risk. Reverse repurchase agreements involve leverage risk, counterparty risk, and the risk that the value of securities that the Fund is obligated to repurchase under the agreement may decline below the repurchase price. When the Fund invests reverse repurchase transaction proceeds, the Fund is at risk for any fluctuations in the value of securities in which the proceeds are invested. To the extent the Fund uses reverse repurchase agreements, the value of an investment in the Fund may be more volatile, and such transactions may increase the Fund’s overall investment exposure. Additionally, interest expenses related to reverse repurchase transactions could exceed the rate of return on debt obligations and other investments held by the Fund, thereby reducing returns to shareholders.

      Foreign Exposure Risk. The Fund normally has significant exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      Market Risk. The value of the Fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if the portfolio managers’ belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of the Fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Growth Securities Risk. The Fund invests in companies after assessing their growth potential. Securities of companies perceived to be “growth” companies may be more volatile than other stocks and may involve special risks. If the portfolio managers’ perception of a company’s growth potential is not realized, the securities purchased may not perform as expected, reducing the Fund’s returns. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “growth” stocks may perform differently from the market as a whole and other types of securities.

      Real Estate Risk. An investment in the Fund may be subject to many of the same risks as a direct investment in real estate. The value of securities of issuers in the real estate and real estate-related industries, including real estate investment trusts, is sensitive to changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, supply and demand, and the management skill and creditworthiness of the issuer. These factors may impact the Fund’s investments in foreign real estate markets differently than U.S. real estate markets.

      Nondiversification Risk. The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund’s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund’s net asset value and total return.

      Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
      Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Nondiversification Risk. The Fund is classified as nondiversified under the Investment Company Act of 1940, as amended. This gives the Fund’s portfolio managers more flexibility to hold larger positions in a smaller number of securities. As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund’s net asset value and total return.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund does not have a full calendar year of operations. Performance information for certain periods is included in the Fund’s first annual and/or semiannual report.
      Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund does not have a full calendar year of operations.
      Janus Real Return Fund | Class D Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
      Management Fees rr_ManagementFeesOverAssets 0.55%
      Other Expenses rr_OtherExpensesOverAssets 0.97% [1]
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.52% [2]
      Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.64% [2]
      Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.88% [2]
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
      1 Year rr_ExpenseExampleYear01 154
      3 Years rr_ExpenseExampleYear03 479
      5 Years rr_ExpenseExampleYear05 827
      10 Years rr_ExpenseExampleYear10 1,808
      [1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
      [2] Janus Capital has contractually agreed to waive the Fund's total annual fund operating expenses (excluding administrative services fees payable pursuant to the Transfer Agency Agreement, brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) to 0.76% until at least November 1, 2013. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees. For a period of three years subsequent to the Fund's commencement of operations (May 13, 2011) or until the Fund's assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed, which could then be considered a deferral, if the Fund's expense ratio, including recovered expenses, falls below the expense limit.
      XML 122 R130.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Janus Government Money Market Fund | Class T Shares
      Fund summary

      Janus Government Money Market Fund
      INVESTMENT OBJECTIVES
      Janus Government Money Market Fund seeks capital preservation and liquidity
      with current income as a secondary objective.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses
      Janus Government Money Market Fund
      Class T Shares
      Class T
      Operating Expenses Column [Text]
      Class T
      Management Fees 0.20%
      Other Expenses 0.51%
      Total Annual Fund Operating Expenses 0.71%
      EXAMPLE:
      The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Janus Government Money Market Fund Class T Shares Class T
      Class T Shares
      73 227 395 883
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund pursues its investment objectives by investing exclusively in obligations issued and/or guaranteed as to principal and interest by the United States Government or by its agencies and instrumentalities, and repurchase agreements secured by such obligations. Although U.S. Government agencies and instrumentalities may be chartered or sponsored by Acts of Congress, their securities are not issued by, and may not be guaranteed by (i.e., backed by the full faith and credit of), the United States Treasury. Some government agency and instrumentality securities not backed by the full faith and credit of the United States are supported by the issuer’s ability to borrow from the U.S. Treasury, some are supported only by the credit of the issuer, and some are supported by the United States in some other way. For securities not backed by the full faith and credit of the U.S. Treasury, the Fund must look principally to the agency or instrumentality issuing or guaranteeing the securities for repayment and may not be able to assert a claim against the United States if the agency or instrumentality does not meet its commitment. The Fund’s investments in securities issued by U.S. Government agencies and instrumentalities may be significant.

      The Fund will:
      • invest in high quality, short-term money market instruments that present minimal credit risks, as determined by Janus Capital
      • invest only in U.S. dollar-denominated instruments that have a remaining maturity of 397 days or less (as calculated pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended)
      • maintain a dollar-weighted average portfolio maturity of 60 days or less and maintain a dollar-weighted average portfolio life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset dates) of 120 days or less
      PRINCIPAL INVESTMENT RISKS
      Market Risk. The Fund’s yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. For capital preservation and liquidity, the Fund may have a greater concentration in short-term securities including, but not limited to, investing up to all of its assets in overnight securities, which may result in a reduction of the Fund’s yield. Over time, the real value of the Fund’s yield may be eroded by inflation. Although the Fund invests only in high-quality, short-term money market instruments, there is a risk that the value of the securities it holds will fall as a result of changes in interest rates, an issuer’s actual or perceived creditworthiness, or an issuer’s ability to meet its obligations. The credit quality of the Fund’s holdings can change rapidly in certain market environments and any downgrade or default of a portfolio security could cause the Fund’s share price or yield to fall.

      Collateral Risk. With respect to collateral received in repurchase transactions or other investments, the Fund may have significant exposure to government agencies not secured by the full faith and credit of the United States. Such exposure, depending on market conditions, could have a negative impact on the Fund, including minimizing the value of any collateral.

      Money Market Risk. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
      PERFORMANCE INFORMATION
      The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class T Shares (formerly named Class J Shares, the initial share class) of the Fund commenced operations with the Fund’s inception. The performance shown for Class T Shares is calculated using the fees and expenses of Class T Shares in effect during the periods shown, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. The table shows how the Fund’s returns over different periods average out. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/advisor/mutual-funds or by calling 1-877-335-2687.
      Annual Total Returns for Class T Shares (calendar year-end)
      Bar Chart
      Best Quarter:  Fourth Quarter 2006  1.21%          Worst Quarter:  Third Quarter 2011  0.00%
      The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 0.00%.
      Average Annual Total Returns (periods ended 12/31/11)
      Average Annual Total Returns
      Column
      Label
      1 Year
      5 Years
      10 Years
      Since Inception
      Inception Date
      Janus Government Money Market Fund Class T Shares Class T Return Before Taxes
      Class T Shares
      Return Before Taxes
      none 1.29% 1.64% 2.99% Feb. 14, 1995
      The 7-day yield on December 31, 2011 was 0.00% for Janus Government Money Market Fund.
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      Janus Growth Allocation Fund | Class D Shares
      Fund summary

      Janus Growth Allocation Fund
      INVESTMENT OBJECTIVE
      Janus Growth Allocation Fund seeks total return through a primary emphasis on growth of capital with a secondary emphasis on income.
      FEES AND EXPENSES OF THE FUND
      This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Annual Fund Operating Expenses
      Janus Growth Allocation Fund
      Class D Shares
      Class D
      Operating Expenses Column [Text] Class D
      Management Fees 0.05%
      Other Expenses [1] 0.26%
      Acquired Fund Fees and Expenses 0.76%
      Total Annual Fund Operating Expenses 1.07%
      [1] Other Expenses are based on the estimated expenses that the Fund expects to incur.
      EXAMPLE:
      The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including the operating expenses of the underlying funds) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example (USD $)
      Expense Example, By Year, Column [Text]
      1 Year
      3 Years
      5 Years
      10 Years
      Janus Growth Allocation Fund Class D Shares Class D
      Class D Shares 109 340 590 1,306
      Portfolio Turnover:
      The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 18% of the average value of its portfolio.
      PRINCIPAL INVESTMENT STRATEGIES
      The Fund seeks to achieve its investment objective by investing in other Janus mutual funds (“underlying funds”) that represent a variety of asset classes and investment styles. The Fund pursues this objective by investing in a diversified portfolio of underlying funds resulting in an allocation of the Fund’s investments that normally provides exposure of approximately 80% to stocks and 20% to bonds and money market securities. The target allocation and the allocation of the Fund’s assets among underlying funds are based on quantitative and qualitative analysis. Because it invests in other funds, the Fund is considered a “fund of funds.”

      The Fund’s asset allocation is intended to diversify investments among stocks, bonds, and cash equivalents. The portfolio manager regularly reviews the allocation of Fund assets in the underlying funds and may modify the underlying funds’ weightings or substitute other underlying funds to emphasize and mitigate risk exposures that may arise as a result of the implementation of the allocations. An independent asset allocation service provides evaluations of asset allocations that the portfolio manager may use in implementing the allocations among the underlying funds. The portfolio manager continually monitors asset class allocations and periodically rebalances the Fund’s investments in the underlying funds. The portfolio manager may change the Fund’s asset class allocations, the underlying funds, an underlying fund’s asset category, or weightings among asset classes or underlying funds without prior shareholder notice.

      The Fund will normally allocate approximately 80% of its investments to underlying funds that provide varying exposure to common stocks of large U.S.-based companies, small- to mid-capitalization companies, and international companies (including those with exposure to emerging markets); and approximately 20% of its investments to underlying bond funds and money market instruments. Refer to Appendix A in this Prospectus for a brief description of the investment strategies of each of the currently available underlying funds.

      When market conditions dictate a more defensive strategy, the Fund or an underlying fund may temporarily hold cash or invest its assets in temporary investments. In that case, the Fund may take positions that are inconsistent with its investment objective. As a result, the Fund may not achieve its investment objective.
      PRINCIPAL INVESTMENT RISKS
      The biggest risk is that the Fund’s returns will vary, and you could lose money. The Fund is designed for long-term investors seeking growth of capital and, to a lesser extent, income. Investments in a portfolio with common stock exposure tend to be more volatile than many other investment choices.

      Main Risks Associated with the Fund
      Allocation Risk. The Fund’s ability to achieve its investment objective depends largely upon the portfolio manager’s allocation of assets among the underlying funds and other securities, using the optimization process (a process that utilizes quantitative analysis of a number of factors, such as historical risk, performance, fund classifications, and the relationship among underlying funds) and the judgment of the portfolio manager. You could lose money on your investment in the Fund as a result of these allocations. The Fund will typically invest in a number of different underlying funds; however, to the extent that the Fund invests a significant portion of its assets in a single underlying fund, it will be more sensitive to the risks associated with that fund and any investments in which that fund concentrates.

      Affiliated Fund Risk. Janus Capital has the authority to select and substitute underlying affiliated mutual funds. The fees paid to Janus Capital by some Janus mutual funds are generally higher than the fees paid to Janus Capital by the Fund or by other funds and share classes available for investment by the Fund. These conditions may create a conflict of interest when selecting underlying affiliated mutual funds and share classes for investment. Janus Capital, however, is a fiduciary to the Fund and its shareholders and is legally obligated to act in their best interest when selecting underlying affiliated mutual funds.

      Main Risks Associated with the Underlying Funds and Securities
      The biggest risk is that the underlying funds’ returns will vary, and you could lose money.

      Market Risk. Approximately 80% of the Fund’s assets are allocated to equity investments through investments in underlying funds. The value of an underlying fund’s portfolio may decrease if the value of an individual company or security, or multiple companies or securities, in the portfolio decreases or if a portfolio manager’s belief about a company’s intrinsic worth is incorrect. Further, regardless of how well individual companies or securities perform, the value of an underlying fund’s portfolio could also decrease if there are deteriorating economic or market conditions. It is important to understand that the value of your investment may fall, sometimes sharply, in response to changes in the market, and you could lose money.

      Fixed-Income Securities Risk. Approximately 20% of the Fund’s assets are allocated to fixed-income securities through investments in underlying funds. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause an underlying fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which an underlying fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that an underlying fund’s portfolio manager would like or at the price that the portfolio manager believes the security is currently worth.

      Foreign Exposure Risk. Certain underlying funds may have significant exposure to foreign markets as a result of their investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, an underlying fund’s returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. A market swing in one or more countries or regions where an underlying fund has invested a significant amount of its assets may have a greater effect on an underlying fund’s performance than it would in a more geographically diversified portfolio. An underlying fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      Emerging Markets Risk. The risks of foreign investing mentioned above are heightened when investing in emerging markets. Emerging markets securities involve a number of additional risks, which may result from less government supervision and regulation of business and industry practices (including the potential lack of strict finance and accounting controls and standards), stock exchanges, brokers, and listed companies, making these investments potentially more volatile in price and less liquid than investments in developed securities markets, resulting in greater risk to investors. In addition, an underlying fund’s investments may be denominated in foreign currencies and therefore, changes in the value of a country’s currency compared to the U.S. dollar may affect the value of an underlying fund’s investments. To the extent that an underlying fund invests a significant portion of its assets in the securities of issuers in or companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region, which could have a negative impact on the Fund’s performance. Some of the risks of investing directly in foreign and emerging market securities may be reduced when an underlying fund invests indirectly in foreign securities through various other investment vehicles including derivatives, which also involve other risks.

      Sovereign Debt Risk. An underlying fund may invest in U.S. and foreign government debt securities (“sovereign debt”). Investments in U.S. sovereign debt are considered low risk. However investments in non-U.S. sovereign debt can involve a high degree of risk, including the risk that the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or to pay the interest on its sovereign debt in a timely manner.

      Mortgage-Backed Securities Risk. Mortgage-backed securities tend to be more sensitive to changes in interest rates than other types of securities. Investments in mortgage-backed securities are subject to both extension risk, where borrowers extend the duration of their mortgages in times of rising interest rates, and prepayment risk, where borrowers pay off their mortgages sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.

      Exchange-Traded Funds Risk. Certain underlying funds may purchase shares of exchange-traded funds (“ETFs”) to gain exposure to a particular portion of the market. ETFs are pooled investment vehicles, which may be managed or unmanaged, that generally seek to track the performance of a specific index. ETFs are traded on an exchange at market prices that may vary from the net asset value of their underlying investments. When an underlying fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses. ETFs have certain inherent risks generally associated with investments in a portfolio of securities in which the ETF is invested, including the risk that the general level of stock prices may decline, thereby adversely affecting the value of each unit of the ETF. ETFs also involve the risk that an active trading market for an ETF’s shares may not develop or be maintained.

      Exchange-Traded Notes Risk. Certain underlying funds may invest in exchange-traded notes (“ETNs”), which are debt securities whose returns are linked to a particular index. ETNs are typically linked to the performance of a commodities index that reflects the potential return on unleveraged investments in futures contracts of physical commodities, plus a specified rate of interest that could be earned on cash collateral. ETNs are subject to credit risk. The value of an ETN may vary and may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in underlying commodities markets, changes in the applicable interest rates, changes in the issuer’s credit rating, and economic, legal, political, or geographic events that affect the referenced commodity. When an underlying fund invests in ETNs it will bear its proportionate share of any fees and expenses borne by the ETN. There may be restrictions on an underlying fund’s right to redeem its investment in an ETN, which is meant to be held until maturity. An underlying fund’s decision to sell its ETN holdings may be limited by the availability of a secondary market.

      Derivatives Risk. Certain underlying funds may invest in derivatives. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      PERFORMANCE INFORMATION
      The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. Performance information for each underlying fund is available in its prospectus and/or the most recent annual or semiannual report. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Annual Total Returns for Class D Shares (calendar year-end)
      Bar Chart
      Best Quarter:  Second Quarter 2009  18.37%        Worst Quarter:  Fourth Quarter 2008  −18.05%
      The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 11.53%.
      Average Annual Total Returns (periods ended 12/31/11)
      Average Annual Total Returns Janus Growth Allocation Fund Class D Shares
      Column
      Label
      1 Year
      5 Years
      Since Inception
      Inception Date
      Class D Return Before Taxes
      Class D Shares Return Before Taxes (6.44%) 1.67% 4.30% Dec. 30, 2005
      Class D Return After Taxes on Distributions
      Class D Shares Return After Taxes on Distributions (6.87%) 1.03% 3.68% Dec. 30, 2005
      Class D Return After Taxes on Distributions and Sale of Fund Shares
      Class D Shares Return After Taxes on Distributions and Sale of Fund Shares [1] (4.03%) 1.16% 3.44% Dec. 30, 2005
      S&P 500 Index (reflects no deduction for expenses, fees, or taxes)
        S&P 500® Index 2.11% (0.25%) 2.26% Dec. 30, 2005
      Growth Allocation Index (reflects no deduction for expenses, fees, or taxes)
        Growth Allocation Index (2.07%) 0.80% 3.31% Dec. 30, 2005
      [1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.
      The Growth Allocation Index is an internally-calculated, hypothetical combination of unmanaged indices that combines total returns from the Dow Jones Wilshire 5000 Index (50%), the MSCI EAFE® Index (25%), the Barclays U.S. Aggregate Bond Index (20%), and the Morgan Stanley Capital International Emerging Markets Free Indexsm (5%).

      After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      XML 129 R101.htm IDEA: XBRL DOCUMENT v2.4.0.6
      Label Element Value
      Risk/Return: rr_RiskReturnAbstract  
      Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
      Prospectus Date rr_ProspectusDate Oct. 26, 2012
      Janus High-Yield Fund | Class D Shares
       
      Risk/Return: rr_RiskReturnAbstract  
      Risk/Return [Heading] rr_RiskReturnHeading Fund summary

      Janus High-Yield Fund
      Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVES
      Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus High-Yield Fund seeks to obtain high current income.
      Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock Capital appreciation is a secondary investment objective when consistent with its primary investment objective.
      Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
      Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.
      Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
      (expenses that you pay each year as a percentage of the value of your investment)
      Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:
      Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 61% of the average value of its portfolio.
      Portfolio Turnover, Rate rr_PortfolioTurnoverRate 61.00%
      Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE:
      Expense Example by Year [Heading] rr_ExpenseExampleByYearHeading The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest all dividends and distributions, and then redeem all of your Shares at the end of each period. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
      Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
      Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
      Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets in high-yield/high-risk securities rated below investment grade. Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics. The Fund may at times invest all of its assets in such securities. The Fund may also invest in bank loans, money market instruments, and foreign debt securities (which may include investments in emerging markets). Due to the nature of securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.

      In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments. For more information on the Fund’s use of derivatives, refer to the Fund’s shareholder reports and Form N-Q reports, which are filed with the Securities and Exchange Commission.

      In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers apply a “bottom up” approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies.
      Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
      Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.

      Fixed-Income Securities Risk. The Fund invests in a variety of fixed-income securities. Typically, the values of fixed-income securities change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed-income securities are also subject to credit risk, prepayment risk, valuation risk, and liquidity risk. Credit risk is the risk that the credit strength of an issuer of a fixed-income security will weaken and/or that the issuer will be unable to make timely principal and interest payments and that the security may go into default. Prepayment risk is the risk that during periods of falling interest rates, certain fixed-income securities with higher interest rates, such as mortgage- and asset-backed securities, may be prepaid by their issuers thereby reducing the amount of interest payments. Valuation risk is the risk that one or more of the fixed-income securities in which the Fund invests are priced incorrectly due to factors such as incomplete data, market instability, or human error. Liquidity risk is the risk that fixed-income securities may be difficult or impossible to sell at the time that the Fund would like or at the price that the portfolio managers believe the security is currently worth.

      High-Yield/High-Risk Bond Risk. The Fund may invest without limit in higher-yielding/higher-risk bonds, also known as “junk” bonds. High-yield/high-risk bonds may be more sensitive than other types of bonds to economic changes, political changes, or adverse developments specific to the company that issued the bond, which may adversely affect their value.

      Bank Loan Risk. Bank loans are obligations of companies or other entities entered into in connection with recapitalizations, acquisitions, and refinancings. The Fund’s investments in bank loans are generally acquired as a participation interest in, or assignment of, loans originated by a lender or other financial institution. These investments may include institutionally-traded floating and fixed-rate debt securities. Participation interests and assignments involve credit, interest rate, and liquidity risk. In addition, the bank loans underlying these securities often involve borrowers with low credit ratings whose financial conditions are troubled or uncertain, including companies that are highly leveraged or in bankruptcy proceedings.

      Foreign Exposure Risk. The Fund may have exposure to foreign markets as a result of its investments in foreign securities, including investments in emerging markets, which can be more volatile than the U.S. markets. As a result, its returns and net asset value may be affected to a large degree by fluctuations in currency exchange rates or political or economic conditions in a particular country. In some foreign markets, there may not be protection against failure by other parties to complete transactions. It may not be possible for the Fund to repatriate capital, dividends, interest, and other income from a particular country or governmental entity. In addition, a market swing in one or more countries or regions where the Fund has invested a significant amount of its assets may have a greater effect on the Fund’s performance than it would in a more geographically diversified portfolio. To the extent the Fund invests in foreign debt securities, such investments are sensitive to changes in interest rates. Additionally, investments in securities of foreign governments involve the risk that a foreign government may not be willing or able to pay interest or repay principal when due. The Fund’s investments in emerging market countries may involve risks greater than, or in addition to, the risks of investing in more developed countries.

      Portfolio Turnover Risk. Increased portfolio turnover may result in higher costs, which may have a negative effect on the Fund’s performance. In addition, higher portfolio turnover may result in the acceleration of capital gains and the recognition of greater levels of short-term capital gains, which are taxed at ordinary federal income tax rates when distributed to shareholders.

      Derivatives Risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative’s original cost, and can therefore involve leverage. Derivatives can be less liquid than other types of investments and entail the risk that the counterparty will default on its payment obligations.

      An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Risk Lose Money [Text] rr_RiskLoseMoney Although the Fund may be less volatile than funds that invest most of their assets in common stocks, the Fund’s returns and yields will vary, and you could lose money.
      Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
      Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
      Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. Class D Shares of the Fund commenced operations on February 16, 2010, as a result of the restructuring of Class J Shares, the predecessor share class. The performance shown for Class D Shares for periods prior to February 16, 2010, reflects the performance of the Fund’s former Class J Shares, calculated using the fees and expenses in effect during the periods shown, net of any applicable fee and expense limitations or waivers. If Class D Shares of the Fund had been available during periods prior to February 16, 2010, the performance shown may have been different. The performance shown for periods following the Fund’s commencement of Class D Shares reflects the fees and expenses of Class D Shares, net of any applicable fee and expense limitations or waivers.

      The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions. For certain periods, the Fund’s performance reflects the effect of expense waivers. Without the effect of these expense waivers, the performance shown would have been lower.

      The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time.

      The bar chart depicts the change in performance from year to year during the periods indicated.
      Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. All figures assume reinvestment of dividends and distributions.
      Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-525-3713
      Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress janus.com/allfunds
      Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
      Bar Chart [Heading] rr_BarChartHeading Annual Total Returns for Class D Shares (calendar year-end)
      Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
      Best Quarter:  Second Quarter 2009  14.93%          Worst Quarter:  Fourth Quarter 2008  −12.96%
      Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2012 was 10.80%.
      Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (periods ended 12/31/11)
      Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
      Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund’s other return figures.
      Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using distributions for the Fund’s Class D Shares for the periods following February 16, 2010; and for the Fund’s Class J Shares, the predecessor share class, for the periods prior to February 16, 2010. If Class D Shares of the Fund had been available during these earlier periods, distributions may have been different and thus, after-tax returns may have been different from those shown. After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or an IRA.
      Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available at janus.com/allfunds or by calling 1-800-525-3713.
      Janus High-Yield Fund | Class D Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class D
      Management Fees rr_ManagementFeesOverAssets 0.57%
      Other Expenses rr_OtherExpensesOverAssets 0.19%
      Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.76%
      Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
      1 Year rr_ExpenseExampleYear01 78
      3 Years rr_ExpenseExampleYear03 243
      5 Years rr_ExpenseExampleYear05 422
      10 Years rr_ExpenseExampleYear10 942
      2002 rr_AnnualReturn2002 2.56%
      2003 rr_AnnualReturn2003 16.04%
      2004 rr_AnnualReturn2004 9.42%
      2005 rr_AnnualReturn2005 2.77%
      2006 rr_AnnualReturn2006 11.10%
      2007 rr_AnnualReturn2007 1.35%
      2008 rr_AnnualReturn2008 (19.32%)
      2009 rr_AnnualReturn2009 40.86%
      2010 rr_AnnualReturn2010 15.80%
      2011 rr_AnnualReturn2011 3.32%
      Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
      Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.80%
      Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
      Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
      Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.93%
      Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
      Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
      Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (12.96%)
      Janus High-Yield Fund | Class D Shares | Return Before Taxes | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return Before Taxes
      1 Year rr_AverageAnnualReturnYear01 3.32%
      5 Years rr_AverageAnnualReturnYear05 6.62%
      10 Years rr_AverageAnnualReturnYear10 7.44%
      Since Inception rr_AverageAnnualReturnSinceInception 7.85%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
      Janus High-Yield Fund | Class D Shares | Return After Taxes on Distributions | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
      1 Year rr_AverageAnnualReturnYear01 0.72%
      5 Years rr_AverageAnnualReturnYear05 3.40%
      10 Years rr_AverageAnnualReturnYear10 4.49%
      Since Inception rr_AverageAnnualReturnSinceInception 4.55%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
      Janus High-Yield Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D
       
      Risk/Return: rr_RiskReturnAbstract  
      Column rr_AverageAnnualReturnColumnName Class D Shares
      Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares [1]
      1 Year rr_AverageAnnualReturnYear01 2.15%
      5 Years rr_AverageAnnualReturnYear05 3.68%
      10 Years rr_AverageAnnualReturnYear10 4.58%
      Since Inception rr_AverageAnnualReturnSinceInception 4.66%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
      Janus High-Yield Fund | Class D Shares | Barclays U.S. Corporate High-Yield Bond Index (reflects no deduction for expenses, fees, or taxes)
       
      Risk/Return: rr_RiskReturnAbstract  
      Label rr_AverageAnnualReturnLabel Barclays U.S. Corporate High-Yield Bond Index
      1 Year rr_AverageAnnualReturnYear01 4.98%
      5 Years rr_AverageAnnualReturnYear05 7.54%
      10 Years rr_AverageAnnualReturnYear10 8.85%
      Since Inception rr_AverageAnnualReturnSinceInception 7.18%
      Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 1995
      [1] If the Fund incurs a loss, which generates a tax benefit, the Return After Taxes on Distributions and Sale of Fund Shares may exceed the Fund's other return figures.

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