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exchangeRt="0.9318"/><valUSD>17344235</valUSD><pctVal>3.504</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Straumann Holding AG</name><lei>50670046ML5FVIM60Z37</lei><title>Straumann Holding AG</title><cusip>H8300N119</cusip><identifiers><isin value="CH0012280076"/><ticker value="STMN SW"/><other otherDesc="7156832" value="Sedol"/></identifiers><balance>5107</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9318"/><valUSD>9140481</valUSD><pctVal>1.847</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Lundin Energy AB</name><lei>549300IULC8F8IGXKI15</lei><title>Lundin Petroleum AB</title><cusip>W64566107</cusip><identifiers><isin value="SE0000825820"/><ticker value="LUNE SS"/><other otherDesc="7187627" value="Sedol"/></identifiers><balance>322249</balance><units>NS</units><currencyConditional curCd="SEK" 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value="DU0000100962"/></identifiers><balance>2579399</balance><units>NS</units><curCd>USD</curCd><valUSD>2579657</valUSD><pctVal>0.521</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>PF</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Nordic Semiconductor ASA</name><lei>5967007LIEEXZXJGFK95</lei><title>Nordic Semiconductor ASA</title><cusip>R4988P103</cusip><identifiers><isin value="NO0003055501"/><ticker value="NOD NO"/><other otherDesc="B00ZG06" value="Sedol"/></identifiers><balance>230992</balance><units>NS</units><currencyConditional curCd="NOK" 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exchangeRt="6.4189"/><valUSD>9552922</valUSD><pctVal>1.93</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DK</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Anglo American PLC</name><lei>549300S9XF92D1X8ME43</lei><title>ANGLO AMERICAN PLC</title><cusip>G03764134</cusip><identifiers><isin value="GB00B1XZS820"/><ticker value="AAL LN"/><other otherDesc="B1XZS82" value="Sedol"/></identifiers><balance>306038</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.74228"/><valUSD>10555175</valUSD><pctVal>2.132</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Danone SA</name><lei>969500KMUQ2B6CBAF162</lei><title>Danone SA</title><cusip>F12033134</cusip><identifiers><isin value="FR0000120644"/><ticker value="BN FP"/><other otherDesc="B1Y9TB3" value="Sedol"/></identifiers><balance>236486</balance><units>NS</units><currencyConditional curCd="EUR" 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exchangeRt="0.9318"/><valUSD>9818688</valUSD><pctVal>1.984</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Orsted AS</name><lei>W9NG6WMZIYEU8VEDOG48</lei><title>ORSTED A/S</title><cusip>K7653Q105</cusip><identifiers><isin value="DK0060094928"/><ticker value="ORSTED DC"/><other otherDesc="BYT16L4" value="Sedol"/></identifiers><balance>39005</balance><units>NS</units><currencyConditional curCd="DKK" 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derivCat="OPT"><counterparties><counterpartyName>Citibank, National Association</counterpartyName><counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei></counterparties><putOrCall>Put</putOrCall><writtenOrPur>Written</writtenOrPur><descRefInstrmnt><otherRefInst><issuerName>SAP SE</issuerName><issueTitle>SAP SE</issueTitle><identifiers><cusip value="N/A"/><isin value="N/A"/><ticker value="SAPG GR"/></identifiers></otherRefInst></descRefInstrmnt><shareNo>100</shareNo><exercisePrice>96</exercisePrice><exercisePriceCurCd>EUR</exercisePriceCurCd><expDt>2021-12-17</expDt><delta>XXXX</delta><unrealizedAppr>136391</unrealizedAppr></optionSwaptionWarrantDeriv></derivativeInfo><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>N/A</name><lei>N/A</lei><title>OTCOption/PUT American Equity.PANDORA_DK_DKK_XCSE</title><cusip>N/A</cusip><identifiers><other otherDesc="CAXXCGAGO" value="Internal ID"/></identifiers><balance>-1250</balance><units>NC</units><currencyConditional curCd="DKK" exchangeRt="6.4189"/><valUSD>-523433</valUSD><pctVal>-0.106</pctVal><payoffProfile>N/A</payoffProfile><assetCat>DE</assetCat><issuerConditional desc="N/A" issuerCat="OTHER"/><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><derivativeInfo><optionSwaptionWarrantDeriv derivCat="OPT"><counterparties><counterpartyName>Citibank, National Association</counterpartyName><counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei></counterparties><putOrCall>Put</putOrCall><writtenOrPur>Written</writtenOrPur><descRefInstrmnt><otherRefInst><issuerName>Pandora AS</issuerName><issueTitle>Pandora AS</issueTitle><identifiers><cusip value="N/A"/><isin value="N/A"/><ticker value="PNDORA.CO"/></identifiers></otherRefInst></descRefInstrmnt><shareNo>102</shareNo><exercisePrice>710.52</exercisePrice><exercisePriceCurCd>DKK</exercisePriceCurCd><expDt>2021-12-17</expDt><delta>XXXX</delta><unrealizedAppr>31605</unrealizedAppr></optionSwaptionWarrantDeriv></derivativeInfo><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec></invstOrSecs><explntrNotes><explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/></explntrNotes><signature><ncom:dateSigned>2021-11-14</ncom:dateSigned><ncom:nameOfApplicant>JANUS INVESTMENT FUND</ncom:nameOfApplicant><ncom:signature>JESPER NERGAARD</ncom:signature><ncom:signerName>JESPER NERGAARD</ncom:signerName><ncom:title>VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER</ncom:title></signature></formData></edgarSubmission>
