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value="USM2"/></identifiers></otherRefInst></descRefInstrmnt><expDate>2022-06-30</expDate><notionalAmt>180094459</notionalAmt><curCd>USD</curCd><unrealizedAppr>-6021959</unrealizedAppr></futrDeriv></derivativeInfo><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>N/A</name><lei>N/A</lei><title>US 10yr Ultra Fut Jun22</title><cusip>N/A</cusip><identifiers><ticker value="UXYM2"/><other otherDesc="UXYM2 COMDTY" value="Internal ID"/></identifiers><balance>1368</balance><units>NC</units><curCd>USD</curCd><valUSD>-6906738</valUSD><pctVal>-0.258</pctVal><payoffProfile>N/A</payoffProfile><assetCat>DIR</assetCat><issuerConditional desc="N/A" issuerCat="OTHER"/><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><derivativeInfo><futrDeriv derivCat="FUT"><counterparties><counterpartyName>UBS Financial Services Inc.</counterpartyName><counterpartyLei>ETYRV6ORNFJB5NONI676</counterpartyLei></counterparties><payOffProf>Long</payOffProf><descRefInstrmnt><otherRefInst><issuerName>N/A</issuerName><issueTitle>N/A</issueTitle><identifiers><ticker value="UXYM2"/></identifiers></otherRefInst></descRefInstrmnt><expDate>2022-06-30</expDate><notionalAmt>192227988</notionalAmt><curCd>USD</curCd><unrealizedAppr>-6906738</unrealizedAppr></futrDeriv></derivativeInfo><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>N/A</name><lei>N/A</lei><title>AUST 10Y BOND FUT Jun22</title><cusip>N/A</cusip><identifiers><ticker value="XMM2"/><other otherDesc="XMM2 COMDTY" value="Internal ID"/></identifiers><balance>794</balance><units>NC</units><currencyConditional curCd="AUD" exchangeRt="1.33672"/><valUSD>-3150285</valUSD><pctVal>-0.118</pctVal><payoffProfile>N/A</payoffProfile><assetCat>DIR</assetCat><issuerConditional desc="N/A" issuerCat="OTHER"/><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><derivativeInfo><futrDeriv derivCat="FUT"><counterparties><counterpartyName>UBS Financial Services Inc.</counterpartyName><counterpartyLei>ETYRV6ORNFJB5NONI676</counterpartyLei></counterparties><payOffProf>Long</payOffProf><descRefInstrmnt><otherRefInst><issuerName>N/A</issuerName><issueTitle>N/A</issueTitle><identifiers><ticker value="XMM2"/></identifiers></otherRefInst></descRefInstrmnt><expDate>2022-06-15</expDate><notionalAmt>76820227</notionalAmt><curCd>AUD</curCd><unrealizedAppr>-3150285</unrealizedAppr></futrDeriv></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>2022-05-15</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><documents>XXXX</documents></edgarSubmission>
