XML 156 R341.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JANUS INVESTMENT FUND
Prospectus Date rr_ProspectusDate Oct. 29, 2018
Janus Henderson Select Value Fund | Class D Shares  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <b>FUND SUMMARY<br/><br/>Janus Henderson Select Value Fund</b>
Objective [Heading] rr_ObjectiveHeading <b>INVESTMENT OBJECTIVE</b>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Janus Henderson Select Value Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading <b>FEES AND EXPENSES OF THE FUND </b>
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 <b>ANNUAL FUND OPERATING EXPENSES</b><br/> (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, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <b>Portfolio Turnover:</b>
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 58% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 58.00%
Expense Example [Heading] rr_ExpenseExampleHeading <b>EXAMPLE: </b>
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 <b>PRINCIPAL INVESTMENT STRATEGIES</b>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in the common stocks of companies of any size whose stock prices are believed to be undervalued by the Fund’s portfolio manager. The Fund may also invest in foreign securities, which may include investments in emerging markets. In addition, when the portfolio manager believes that market conditions are unfavorable for investing, or when he is 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 manager generally looks 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 manager’s 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 <b>PRINCIPAL INVESTMENT RISKS</b>
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 portfolio manager. When the Fund’s investments in cash, cash equivalents, 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. The Fund may invest in securities such as repurchase agreements and other short-term debt obligations to generate return on its cash position.

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 manager’s 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. Market risk may affect a single issuer, industry, economic sector, or the market as a whole.

Real Estate Securities Risk.
  The Fund’s performance may be affected by the risks associated with investments in real estate-related companies. The value of real estate-related companies’ securities 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 company. Investments in real estate investment trusts (“REITs”) involve the same risks as other real estate investments. In addition, a REIT could fail to qualify for tax-free pass-through of its income under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”) or fail to maintain its exemption from registration under the Investment Company Act of 1940, as amended, which could produce adverse economic consequences for the REIT and its investors, including the Fund.

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.

Management Risk.
  The Fund is an actively managed investment portfolio and is therefore subject to the risk that the investment strategies employed for the Fund may fail to produce the intended results. The Fund may underperform its benchmark index or other mutual funds with similar investment objectives.

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 <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>
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <b>PERFORMANCE INFORMATION</b>
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 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. 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 janushenderson.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.<br/><br/>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. All figures assume reinvestment of dividends and distributions.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone <i>1-800-525-3713</i>
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress <i>janushenderson.com/allfunds </i>
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture <i>The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future.</i>
Bar Chart [Heading] rr_BarChartHeading <b>Annual Total Returns for Class D Shares</b> (calendar year-end)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best Quarter:  1st Quarter 2012  11.14%          Worst Quarter:  3rd Quarter 2015  – 6.30%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return as of the calendar quarter ended September 30, 2018 was 5.55%.
Performance Table Heading rr_PerformanceTableHeading <b>Average Annual Total Returns</b> (periods ended 12/31/17)
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 The Fund’s primary benchmark index is the Russell 3000® Value Index. The Russell 3000® Value Index is used to calculate the Fund’s performance fee adjustment. The index is described below.
  • The Russell 3000® Value Index measures the performance of those Russell 3000® companies with lower price-to-book ratios and lower forecasted growth values.
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 janushenderson.com/allfunds or by calling 1-800-525-3713.
Janus Henderson 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 0.80%
Other Expenses rr_OtherExpensesOverAssets 0.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.19% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets 0.12% [1]
Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 1.07% [1]
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class D Shares
1 Year rr_ExpenseExampleYear01 $ 121
3 Years rr_ExpenseExampleYear03 378
5 Years rr_ExpenseExampleYear05 654
10 Years rr_ExpenseExampleYear10 $ 1,443
2012 rr_AnnualReturn2012 12.30%
2013 rr_AnnualReturn2013 22.87%
2014 rr_AnnualReturn2014 7.25%
2015 rr_AnnualReturn2015 0.22%
2016 rr_AnnualReturn2016 19.36%
2017 rr_AnnualReturn2017 14.03%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 5.55%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel <b>Best Quarter:</b>
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.14%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel <b>Worst Quarter:</b>
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (6.30%)
Janus Henderson Select Value Fund | Class D Shares | Return Before Taxes | Class D  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Return, Column Name rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 14.03%
5 Years rr_AverageAnnualReturnYear05 12.44%
Since Inception rr_AverageAnnualReturnSinceInception 12.75%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 2011
Janus Henderson Select Value Fund | Class D Shares | Return After Taxes on Distributions | Class D  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Return, Column Name rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 12.61%
5 Years rr_AverageAnnualReturnYear05 10.67%
Since Inception rr_AverageAnnualReturnSinceInception 10.82%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 2011
Janus Henderson Select Value Fund | Class D Shares | Return After Taxes on Distributions and Sale of Fund Shares | Class D  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Return, Column Name rr_AverageAnnualReturnColumnName Class D Shares
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 9.11%
5 Years rr_AverageAnnualReturnYear05 9.51%
Since Inception rr_AverageAnnualReturnSinceInception 9.70%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 2011
Janus Henderson Select Value Fund | Class D Shares | Russell 3000® Value Index (reflects no deduction for expenses, fees, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 3000<sup>®</sup> Value Index
1 Year rr_AverageAnnualReturnYear01 13.19%
5 Years rr_AverageAnnualReturnYear05 13.95%
Since Inception rr_AverageAnnualReturnSinceInception 15.19%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 2011
[1] Janus Capital has contractually agreed to waive its investment advisory fee and/or reimburse operating expenses to the extent that the Fund’s total annual fund operating expenses (excluding any performance adjustments to management fees, administrative services fees (including out-of-pocket costs), brokerage commissions, interest, dividends, taxes, acquired fund fees and expenses, and extraordinary expenses) exceed 0.82% until at least November 1, 2019. The contractual waiver may be terminated or modified prior to this date only at the discretion of the Board of Trustees.