EX-8.(III) 36 d42154exv8wxiiiy.txt LETTER AGREEMENT REGARDING JANUS SERVICES LLC Exhibit 8(lll) April 18, 2006 Ms. Kelley A. Howes Janus Services LLC 151 Detroit Street Denver, Colorado 80206 Dear Ms. Howes: Attached are revised Appendices A and B to the Amended and Restated Transfer Agency Agreement dated June 18, 2002, as may be further amended from time to time (the "Agreement"), between Janus Investment Fund (the "Trust") and Janus Services, LLC ("Janus Services"). The purpose of the revision is to reflect the name change of Janus Core Equity Fund to Janus Fundamental Equity Fund, effective June 30, 2006. Pursuant to Section 9 of the Agreement, the Trust hereby requests that Janus Services acknowledge its acceptance of the terms contained in the revised Appendices. Please indicate your acceptance of the foregoing by executing two copies of this letter, returning one copy to the Trust and retaining one copy for your records. JANUS INVESTMENT FUND By: /s/ Stephanie Grauerholz-Lofton ------------------------------- Stephanie Grauerholz-Lofton Vice President and Secretary JANUS SERVICES LLC By: /s/ Kelley A. Howes ------------------------------- Kelley A. Howes President Agreed to this 18th day of April, 2006. Revised effective as of June 30, 2006 APPENDIX A Janus Money Market Fund Janus Government Money Market Fund Janus Tax-Exempt Money Market Fund Janus Institutional Cash Reserves Fund Janus High-Yield Fund Janus Olympus Fund Janus Venture Fund Janus Fund Janus Twenty Fund Janus Enterprise Fund Janus Mercury Fund Janus Overseas Fund Janus Worldwide Fund Janus Growth and Income Fund Janus Balanced Fund Janus Flexible Bond Fund Janus Short-Term Bond Fund Janus Federal Tax-Exempt Fund Janus Fundamental Equity Fund Janus Contrarian Fund Janus Global Life Sciences Fund Janus Global Technology Fund Janus Orion Fund Janus Global Opportunities Fund INTECH Risk-Managed Stock Fund Janus Small Cap Value Fund Janus Mid Cap Value Fund Janus Research Fund Janus Triton Fund Janus Smart Portfolio -- Conservative Janus Smart Portfolio -- Moderate Janus Smart Portfolio -- Growth Revised effective as of June 30, 2006 APPENDIX B I. NON-MONEY MARKET PORTFOLIOS (a) For transfer agency services provided directly by Janus Services LLC ("Janus Services") each non-money market portfolio of the Trust, except for Janus Smart Portfolio--Growth, Janus Smart Portfolio--Moderate and Janus Smart Portfolio--Conservative ("Smart Portfolios") shall pay Janus Services a fee, calculated and payable for each day that this Agreement is in effect, of 1/365 of 0.16% of the daily closing net asset value of such portfolio on assets sold directly to shareholders. In addition, each non-money market portfolio of the Trust shall pay Janus Services reasonable out-of-pocket expenses incurred in connection with Janus Services' services as transfer agent. (b) To reimburse Janus Services for its costs in engaging broker/dealers, insurance companies, banks, trust companies, investment advisers, third party administrators and other financial intermediaries (collectively, "Intermediaries"), each non-money market portfolio of the Trust, except for the Smart Portfolios, shall reimburse Janus Services in the amount of 1/365 of 0.21% of the daily closing net asset value of such portfolio on assets sold through Intermediaries. In addition, each non-money market portfolio of the Trust shall pay Janus Services reasonable out-of-pocket expenses incurred in connection with any services performed directly by Janus Services as transfer agent. (c) For transfer agency services provided by Janus Services with respect to the Smart Portfolios, each Smart Portfolio shall pay Janus Services a fee, calculated and payable for each day that this Agreement is in effect, of 1/365 of 0.05% of the daily closing net asset value of such portfolio on assets sold directly to shareholders. In addition, each Smart Portfolio shall pay Janus Services reasonable out-of-pocket expenses incurred in connection with Janus Services' services as transfer agent. (d) In addition, each of the non-money market portfolios listed below shall pay a monthly fee at the annual rate of $4.00 per open shareholder account per year: Janus Balanced Fund Janus Enterprise Fund Janus Contrarian Fund Janus Fundamental Equity Fund Janus Fund Janus Federal Tax-Exempt Fund Janus Flexible Bond Fund Janus Global Life Sciences Fund Janus Global Technology Fund Janus Global Opportunities Fund Janus Growth and Income Fund Janus High-Yield Fund Janus Mercury Fund Janus Olympus Fund Janus Orion Fund Janus Overseas Fund Janus Short-Term Bond Fund Janus Worldwide Fund Janus Research Fund Janus Triton Fund INTECH Risk-Managed Stock Fund Janus Smart Portfolio--Growth Janus Smart Portfolio--Moderate Janus Smart Portfolio--Conservative All fees in (a) and (c) above shall be subject to reduction as set forth in Section 5.c. of this Agreement. If an account is open on any day of a month, the per account fee (if applicable) shall be payable for that month. II. MONEY MARKET PORTFOLIOS Notwithstanding the above, however, Janus Services agrees that it shall not look to the Funds or the Trust for compensation for its services provided under this Agreement to Janus Money Market Fund, Janus Government Money Market Fund, Janus Institutional Cash Reserves Fund or Janus Tax-Exempt Money Market Fund (collectively, the "Money Funds"). Janus Services shall be compensated for its services to the Money Funds entirely by Janus Capital Management LLC ("Janus Capital"), the administrator to the Money Funds, pursuant to an Administration Agreement between Janus Capital and each of the Money Funds.