<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd "><headerData><submissionType>NPORT-P</submissionType><isConfidential>false</isConfidential><filerInfo><filer><issuerCredentials><cik>0000277751</cik><ccc>XXXXXXXX</ccc></issuerCredentials></filer><seriesClassInfo><seriesId>S000057603</seriesId><classId>C000183903</classId><classId>C000183904</classId><classId>C000183905</classId><classId>C000183906</classId><classId>C000183907</classId><classId>C000183909</classId><classId>C000183910</classId></seriesClassInfo></filerInfo></headerData><formData><genInfo><regName>JANUS INVESTMENT FUND</regName><regFileNumber>811-01879</regFileNumber><regCik>0000277751</regCik><regLei>W6UYDZFUOFJ4HQQ32382</regLei><regStreet1>151 DETROIT STREET</regStreet1><regCity>DENVER</regCity><regStateConditional regCountry="US" regState="US-CO"/><regZipOrPostalCode>80206</regZipOrPostalCode><regPhone>3033333863</regPhone><seriesName>Janus Henderson European Focus Fund</seriesName><seriesId>S000057603</seriesId><seriesLei>549300B6VJPM3NFA9J78</seriesLei><repPdEnd>2022-09-30</repPdEnd><repPdDate>2022-09-30</repPdDate><isFinalFiling>N</isFinalFiling></genInfo><fundInfo><totAssets>334411572</totAssets><totLiabs>2896209</totLiabs><netAssets>331515363</netAssets><assetsAttrMiscSec>0</assetsAttrMiscSec><assetsInvested>0</assetsInvested><amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr><amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp><amtPayOneYrOthAffil>0</amtPayOneYrOthAffil><amtPayOneYrOther>0</amtPayOneYrOther><amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr><amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp><amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil><amtPayAftOneYrOther>0</amtPayAftOneYrOther><delayDeliv>0</delayDeliv><standByCommit>0</standByCommit><liquidPref>0</liquidPref><cshNotRptdInCorD>0</cshNotRptdInCorD><borrowers><borrower aggrVal="863093.41" lei="BFM8T61CT2L1QCEMIK50" name="UBS AG LONDON BRANCH"/><borrower aggrVal="417910.23" lei="K6Q0W1PS1L1O4IQL9C32" name="J.P. MORGAN SECURITIES PLC"/></borrowers><isNonCashCollateral>N</isNonCashCollateral><returnInfo><monthlyTotReturns><monthlyTotReturn classId="C000183903" rtn1="-10.31" rtn2="-7.78" rtn3="7.9"/><monthlyTotReturn classId="C000183904" rtn1="-10.39" rtn2="-7.82" rtn3="7.81"/><monthlyTotReturn classId="C000183905" rtn1="-10.32" rtn2="-7.73" rtn3="7.9"/><monthlyTotReturn classId="C000183906" rtn1="-10.31" rtn2="-7.72" rtn3="7.89"/><monthlyTotReturn classId="C000183907" rtn1="-10.3" rtn2="-7.75" rtn3="7.92"/><monthlyTotReturn classId="C000183909" rtn1="-10.32" rtn2="-7.76" rtn3="7.88"/><monthlyTotReturn classId="C000183910" rtn1="-10.34" rtn2="-7.74" rtn3="7.88"/></monthlyTotReturns><monthlyReturnCats><commodityContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></commodityContracts><creditContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></creditContracts><equityContracts><mon1 netRealizedGain="330463" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="54626" netUnrealizedAppr="-218725"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="330463" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="54626" netUnrealizedAppr="-218725"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></equityContracts><foreignExchgContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="0" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></foreignExchgContracts><interestRtContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></interestRtContracts><otherContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></otherContracts></monthlyReturnCats><othMon1 netRealizedGain="-8037578" netUnrealizedAppr="-30135504"/><othMon2 netRealizedGain="-2979843" netUnrealizedAppr="-30378269"/><othMon3 netRealizedGain="-10194456" netUnrealizedAppr="41567517"/></returnInfo><mon1Flow redemption="-35133613.2" reinvestment="0" sales="18082344.67"/><mon2Flow redemption="-11038918.63" reinvestment="0" sales="6601303.88"/><mon3Flow redemption="-8211840.47" reinvestment="0" sales="16263886.17"/><varInfo><fundsDesignatedInfo><nameDesignatedIndex>Europe unhedged - Net TR</nameDesignatedIndex><indexIdentifier>MSCI.MC.MXEU</indexIdentifier></fundsDesignatedInfo></varInfo></fundInfo><invstOrSecs><invstOrSec><name>N/A</name><lei>N/A</lei><title>Royal Bank of Canada</title><cusip>N/A</cusip><identifiers><other otherDesc="RBC SL TD" value="Internal ID"/></identifiers><balance>284174</balance><units>PA</units><curCd>USD</curCd><valUSD>284174</valUSD><pctVal>0.086</pctVal><payoffProfile>Long</payoffProfile><assetCat>STIV</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2022-10-03</maturityDt><couponKind>Fixed</couponKind><annualizedRt>3.06</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><cashCollateralCondition cashCollateralVal="284174" isCashCollateral="Y"/><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Diageo PLC</name><lei>213800ZVIELEA55JMJ32</lei><title>Diageo PLC</title><cusip>G42089113</cusip><identifiers><isin value="GB0002374006"/><ticker value="DGE LN"/><other otherDesc="237400" value="Sedol"/></identifiers><balance>142648</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>5977836</valUSD><pctVal>1.803</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>BP PLC</name><lei>213800LH1BZH3DI6G760</lei><title>BP PLC</title><cusip>G12793108</cusip><identifiers><isin value="GB0007980591"/><ticker value="BP/ LN"/><other otherDesc="798059" value="Sedol"/></identifiers><balance>1350859</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>6422350</valUSD><pctVal>1.937</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>AstraZeneca PLC</name><lei>PY6ZZQWO2IZFZC3IOL08</lei><title>AstraZeneca PLC</title><cusip>G0593M107</cusip><identifiers><isin value="GB0009895292"/><ticker value="AZN LN"/><other otherDesc="989529" value="Sedol"/></identifiers><balance>84700</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>9312343</valUSD><pctVal>2.809</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>L'Oreal SA</name><lei>529900JI1GG6F7RKVI53</lei><title>L'Oreal SA</title><cusip>F58149133</cusip><identifiers><isin value="FR0000120321"/><ticker value="OR FP"/><other otherDesc="4057808" value="Sedol"/></identifiers><balance>18682</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5947786</valUSD><pctVal>1.794</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>LVMH Moet Hennessy Louis Vuitt</name><lei>IOG4E947OATN0KJYSD45</lei><title>LVMH Moet Hennessy Louis Vuitton SE</title><cusip>F58485115</cusip><identifiers><isin value="FR0000121014"/><ticker value="MC FP"/><other otherDesc="4061412" value="Sedol"/></identifiers><balance>14862</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>8735086</valUSD><pctVal>2.635</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>RWE AG</name><lei>529900GB7KCA94ACC940</lei><title>RWE AG</title><cusip>D6629K109</cusip><identifiers><isin value="DE0007037129"/><ticker value="RWE GR"/><other otherDesc="4768962" value="Sedol"/></identifiers><balance>214389</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>7887203</valUSD><pctVal>2.379</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>UPM-Kymmene Oyj</name><lei>213800EC6PW5VU4J9U64</lei><title>UPM-Kymmene Oyj</title><cusip>X9518S108</cusip><identifiers><isin value="FI0009005987"/><ticker value="UPM FH"/><other otherDesc="5051252" value="Sedol"/></identifiers><balance>131944</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>4192201</valUSD><pctVal>1.265</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FI</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>ASM International NV</name><lei>7245001I22ND6ZFHX623</lei><title>ASM International NV</title><cusip>N07045201</cusip><identifiers><isin value="NL0000334118"/><ticker value="ASM NA"/><other otherDesc="5165294" value="Sedol"/></identifiers><balance>24103</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5391993</valUSD><pctVal>1.626</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Rheinmetall AG</name><lei>5299001OU9CSE29O6S05</lei><title>Rheinmetall AG</title><cusip>D65111102</cusip><identifiers><isin value="DE0007030009"/><ticker value="RHM GR"/><other otherDesc="5334588" value="Sedol"/></identifiers><balance>43963</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>6808509</valUSD><pctVal>2.054</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>AIXTRON SE</name><lei>5299004UJ4D51M25LD67</lei><title>AIXTRON SE</title><cusip>D0257Y135</cusip><identifiers><isin value="DE000A0WMPJ6"/><ticker value="AIXA GR"/><other otherDesc="5468346" value="Sedol"/></identifiers><balance>224218</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5420946</valUSD><pctVal>1.635</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Daimler AG</name><lei>529900R27DL06UVNT076</lei><title>Daimler AG</title><cusip>D1668R123</cusip><identifiers><isin value="DE0007100000"/><ticker value="MBG GR"/><other otherDesc="5529027" value="Sedol"/></identifiers><balance>146324</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>7481536</valUSD><pctVal>2.257</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Wolters Kluwer NV</name><lei>724500TEM53I0U077B74</lei><title>Wolters Kluwer NV</title><cusip>N9643A197</cusip><identifiers><isin value="NL0000395903"/><ticker value="WKL NA"/><other otherDesc="5671519" value="Sedol"/></identifiers><balance>71027</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>6914222</valUSD><pctVal>2.086</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Sanofi</name><lei>549300E9PC51EN656011</lei><title>Sanofi</title><cusip>F5548N101</cusip><identifiers><isin value="FR0000120578"/><ticker value="SAN FP"/><other otherDesc="5671735" value="Sedol"/></identifiers><balance>71689</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5470499</valUSD><pctVal>1.65</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Infineon Technologies AG</name><lei>TSI2PJM6EPETEQ4X1U25</lei><title>Infineon Technologies AG</title><cusip>D35415104</cusip><identifiers><isin value="DE0006231004"/><ticker value="IFX GR"/><other otherDesc="5889505" value="Sedol"/></identifiers><balance>267612</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5929532</valUSD><pctVal>1.789</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Chocoladefabriken Lindt &amp; Spru</name><lei>529900JYJNNOKKAGK736</lei><title>Chocoladefabriken Lindt &amp; Spruengli AG (PC)</title><cusip>H49983184</cusip><identifiers><isin value="CH0010570767"/><ticker value="LISP SW"/><other otherDesc="5962280" value="Sedol"/></identifiers><balance>652</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9865"/><valUSD>6301226</valUSD><pctVal>1.901</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>STMicroelectronics NV</name><lei>213800Z8NOHIKRI42W10</lei><title>STMicroelectronics NV</title><cusip>N83574108</cusip><identifiers><isin value="NL0000226223"/><ticker value="STM FP"/><other otherDesc="5962332" value="Sedol"/></identifiers><balance>189747</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5853676</valUSD><pctVal>1.766</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Deutsche Boerse AG</name><lei>529900G3SW56SHYNPR95</lei><title>Deutsche Boerse AG</title><cusip>D1882G119</cusip><identifiers><isin value="DE0005810055"/><ticker value="DB1 GR"/><other otherDesc="7021963" value="Sedol"/></identifiers><balance>23370</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>3846987</valUSD><pctVal>1.16</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Roche Holding AG</name><lei>549300U41AUUVOAAOB37</lei><title>Roche Holding AG</title><cusip>H69293217</cusip><identifiers><isin value="CH0012032048"/><ticker value="ROG SW"/><other otherDesc="7110388" value="Sedol"/></identifiers><balance>38197</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9865"/><valUSD>12457002</valUSD><pctVal>3.758</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>Nestle SA</name><lei>KY37LUS27QQX7BB93L28</lei><title>Nestle SA (REG)</title><cusip>H57312649</cusip><identifiers><isin value="CH0038863350"/><ticker value="NESN SW"/><other otherDesc="7123870" value="Sedol"/></identifiers><balance>152682</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9865"/><valUSD>16535700</valUSD><pctVal>4.988</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>Equinor ASA</name><lei>OW6OFBNCKXC4US5C7523</lei><title>Equinor ASA</title><cusip>R2R90P103</cusip><identifiers><isin value="NO0010096985"/><ticker value="EQNR NO"/><other otherDesc="7133608" value="Sedol"/></identifiers><balance>146254</balance><units>NS</units><currencyConditional curCd="NOK" exchangeRt="10.8827"/><valUSD>4826551</valUSD><pctVal>1.456</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NO</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>BNP Paribas SA</name><lei>R0MUWSFPU8MPRO8K5P83</lei><title>BNP Paribas SA</title><cusip>F1058Q238</cusip><identifiers><isin value="FR0000131104"/><ticker value="BNP FP"/><other otherDesc="7309681" value="Sedol"/></identifiers><balance>147894</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>6242750</valUSD><pctVal>1.883</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Lonza Group AG</name><lei>549300EFW4H2TCZ71055</lei><title>Lonza Group AG</title><cusip>H50524133</cusip><identifiers><isin value="CH0013841017"/><ticker value="LONN SW"/><other otherDesc="7333378" value="Sedol"/></identifiers><balance>8879</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9865"/><valUSD>4318812</valUSD><pctVal>1.303</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>Cie de Saint-Gobain</name><lei>NFONVGN05Z0FMN5PEC35</lei><title>Cie de Saint-Gobain</title><cusip>F80343100</cusip><identifiers><isin value="FR0000125007"/><ticker value="SGO FP"/><other otherDesc="7380482" value="Sedol"/></identifiers><balance>120745</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>4305580</valUSD><pctVal>1.299</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Janus Capital Group Inc</name><lei>8T2ZO87FU1KVPZIG9I59</lei><title>Janus Henderson Cash Liquidity Fund</title><cusip>N/A</cusip><identifiers><isin value="DU0000100962"/></identifiers><balance>10390263</balance><units>NS</units><curCd>USD</curCd><valUSD>10391302</valUSD><pctVal>3.134</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>Janus Henderson Cash Collateral Fund</name><lei>N/A</lei><title>Janus Henderson Cash Collateral Fund</title><cusip>N/A</cusip><identifiers><other otherDesc="896" value="Internal ID"/></identifiers><balance>1136698</balance><units>NS</units><curCd>USD</curCd><valUSD>1136698</valUSD><pctVal>0.343</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>PF</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><cashCollateralCondition cashCollateralVal="1136698" isCashCollateral="Y"/><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>385627</balance><units>NS</units><currencyConditional curCd="NOK" exchangeRt="10.8827"/><valUSD>5053678</valUSD><pctVal>1.524</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NO</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Safran SA</name><lei>969500UIC89GT3UL7L24</lei><title>Safran SA</title><cusip>F4035A557</cusip><identifiers><isin value="FR0000073272"/><ticker value="SAF FP"/><other otherDesc="B058TZ6" value="Sedol"/></identifiers><balance>41461</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>3769256</valUSD><pctVal>1.137</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Unilever PLC</name><lei>549300MKFYEKVRWML317</lei><title>Unilever PLC</title><cusip>G92087165</cusip><identifiers><isin value="GB00B10RZP78"/><ticker value="ULVR LN"/><other otherDesc="B10RZP7" value="Sedol"/></identifiers><balance>132361</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>5822538</valUSD><pctVal>1.756</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>Severn Trent PLC</name><lei>213800RPBXRETY4A4C59</lei><title>Severn Trent PLC</title><cusip>G8056D159</cusip><identifiers><isin value="GB00B1FH8J72"/><ticker value="SVT LN"/><other otherDesc="B1FH8J7" value="Sedol"/></identifiers><balance>238433</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>6231547</valUSD><pctVal>1.88</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>Volvo AB</name><lei>549300HGV012CNC8JD22</lei><title>Volvo AB</title><cusip>928856301</cusip><identifiers><isin value="SE0000115446"/><ticker value="VOLVB SS"/><other otherDesc="B1QH830" value="Sedol"/></identifiers><balance>331451</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="11.0919"/><valUSD>4679280</valUSD><pctVal>1.411</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Smurfit Kappa Group PLC</name><lei>635400CPLP8H5ITDVT56</lei><title>Smurfit Kappa Group PLC</title><cusip>G8248F104</cusip><identifiers><isin value="IE00B1RR8406"/><ticker value="SKG ID"/><other otherDesc="B1RR828" value="Sedol"/></identifiers><balance>166080</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>4691295</valUSD><pctVal>1.415</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>DSV A/S</name><lei>529900X41C0BSLK67H70</lei><title>DSV Panalpina A/S</title><cusip>K3013J154</cusip><identifiers><isin value="DK0060079531"/><ticker value="DSV DC"/><other otherDesc="B1WT5G2" value="Sedol"/></identifiers><balance>39146</balance><units>NS</units><currencyConditional curCd="DKK" exchangeRt="7.5851"/><valUSD>4538099</valUSD><pctVal>1.369</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>Vinci SA</name><lei>213800WFQ334R8UXUG83</lei><title>Vinci SA</title><cusip>F5879X108</cusip><identifiers><isin value="FR0000125486"/><ticker value="DG FP"/><other otherDesc="B1XH026" value="Sedol"/></identifiers><balance>71843</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5769950</valUSD><pctVal>1.74</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</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>162267</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>4900707</valUSD><pctVal>1.478</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>151934</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>7157576</valUSD><pctVal>2.159</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>RELX PLC</name><lei>549300WSX3VBUFFJOO66</lei><title>RELX PLC</title><cusip>G7493L105</cusip><identifiers><isin value="GB00B2B0DG97"/><ticker value="REL LN"/><other otherDesc="B2B0DG9" value="Sedol"/></identifiers><balance>420461</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>10262221</valUSD><pctVal>3.096</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>Meyer Burger Technology AG</name><lei>529900ULZXRB8EM0TH56</lei><title>Meyer Burger Technology AG</title><cusip>H5498Z128</cusip><identifiers><isin value="CH0108503795"/><ticker value="MBTN SW"/><other otherDesc="B5NC0D0" value="Sedol"/></identifiers><balance>7800578</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9865"/><valUSD>3068178</valUSD><pctVal>0.926</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><loanByFundCondition isLoanByFund="Y" loanVal="1281003.64"/></securityLending></invstOrSec><invstOrSec><name>HUGO BOSS AG</name><lei>529900LFVU534EBRXD13</lei><title>Hugo Boss AG</title><cusip>D34902102</cusip><identifiers><isin value="DE000A1PHFF7"/><ticker value="BOSS GR"/><other otherDesc="B88MHC4" value="Sedol"/></identifiers><balance>150842</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>7096650</valUSD><pctVal>2.141</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Commerzbank AG</name><lei>851WYGNLUQLFZBSYGB56</lei><title>Commerzbank AG</title><cusip>D172W1279</cusip><identifiers><isin value="DE000CBK1001"/><ticker value="CBK GR"/><other otherDesc="B90LKT4" value="Sedol"/></identifiers><balance>468785</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>3363045</valUSD><pctVal>1.014</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>ASML Holding NV</name><lei>724500Y6DUVHQD6OXN27</lei><title>ASML HOLDING NV</title><cusip>N07059202</cusip><identifiers><isin value="NL0010273215"/><ticker value="ASML NA"/><other otherDesc="B929F46" value="Sedol"/></identifiers><balance>13756</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5705008</valUSD><pctVal>1.721</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>KION Group AG</name><lei>5299005KY91C4C6U9H17</lei><title>KION Group AG</title><cusip>D4S14D103</cusip><identifiers><isin value="DE000KGX8881"/><ticker value="KGX GR"/><other otherDesc="BB22L96" value="Sedol"/></identifiers><balance>155612</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>3014903</valUSD><pctVal>0.909</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Compass Group PLC</name><lei>2138008M6MH9OZ6U2T68</lei><title>Compass Group PLC</title><cusip>G23296208</cusip><identifiers><isin value="GB00BD6K4575"/><ticker value="CPG LN"/><other otherDesc="BD6K457" value="Sedol"/></identifiers><balance>311895</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>6233115</valUSD><pctVal>1.88</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>BE Semiconductor Industries NV</name><lei>7245007A1YFLI2GNYX06</lei><title>BE Semiconductor Industries NV</title><cusip>N13107144</cusip><identifiers><isin value="NL0012866412"/><ticker value="BESI NA"/><other otherDesc="BG0SCK9" value="Sedol"/></identifiers><balance>134726</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>5733189</valUSD><pctVal>1.729</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Novo Nordisk A/S</name><lei>549300DAQ1CVT6CXN342</lei><title>Novo Nordisk A/S</title><cusip>K72807132</cusip><identifiers><isin value="DK0060534915"/><ticker value="NOVOB DC"/><other otherDesc="BHC8X90" value="Sedol"/></identifiers><balance>89962</balance><units>NS</units><currencyConditional curCd="DKK" exchangeRt="7.5851"/><valUSD>8968527</valUSD><pctVal>2.705</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>Atlas Copco AB</name><lei>213800T8PC8Q4FYJZR07</lei><title>Atlas Copco AB - Class A</title><cusip>W1R924252</cusip><identifiers><isin value="SE0017486889"/><ticker value="ATCOA SS"/><other otherDesc="BLDBN41" value="Sedol"/></identifiers><balance>580242</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="11.0919"/><valUSD>5375937</valUSD><pctVal>1.622</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>NatWest Group PLC</name><lei>2138005O9XJIJN4JPN90</lei><title>Natwest Group PLC</title><cusip>G6422B147</cusip><identifiers><isin value="GB00BM8PJY71"/><ticker value="NWG LN"/><other otherDesc="BM8PJY7" value="Sedol"/></identifiers><balance>981039</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>2447764</valUSD><pctVal>0.738</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>Hensoldt AG</name><lei>894500686FYLLZD3M624</lei><title>Hensoldt AG</title><cusip>D3R14P109</cusip><identifiers><isin value="DE000HAG0005"/><ticker value="HAG GR"/><other otherDesc="BN0SDX8" value="Sedol"/></identifiers><balance>219437</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>4406782</valUSD><pctVal>1.329</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Vestas Wind Systems A/S</name><lei>549300DYMC8BGZZC8844</lei><title>Vestas Wind Systems A/S</title><cusip>K9773J201</cusip><identifiers><isin value="DK0061539921"/><ticker value="VWS DC"/><other otherDesc="BN4MYF5" value="Sedol"/></identifiers><balance>170036</balance><units>NS</units><currencyConditional curCd="DKK" exchangeRt="7.5851"/><valUSD>3118004</valUSD><pctVal>0.941</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>FinecoBank Banca Fineco SpA</name><lei>549300L7YCATGO57ZE10</lei><title>FinecoBank Banca Fineco SpA</title><cusip>T4R999104</cusip><identifiers><isin value="IT0000072170"/><ticker value="FBK IM"/><other otherDesc="BNGN9Z1" value="Sedol"/></identifiers><balance>308251</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>3788169</valUSD><pctVal>1.143</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IT</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Shell PLC</name><lei>21380068P1DRHMJ8KU70</lei><title>Shell PLC</title><cusip>G80827101</cusip><identifiers><isin value="GB00BP6MXD84"/><ticker value="SHEL LN"/><other otherDesc="BP6MXD8" value="Sedol"/></identifiers><balance>380229</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.89582"/><valUSD>9458056</valUSD><pctVal>2.853</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>Daimler Truck Holding AG</name><lei>529900PW78JIYOUBSR24</lei><title>Daimler Truck Holding AG</title><cusip>D1T3RZ100</cusip><identifiers><isin value="DE000DTR0CK8"/><ticker value="DTG GR"/><other otherDesc="BP6VLQ4" value="Sedol"/></identifiers><balance>175155</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="1.02051"/><valUSD>4007976</valUSD><pctVal>1.209</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>UBS Group AG</name><lei>549300SZJ9VS8SGXAN81</lei><title>UBS Group AG</title><cusip>H42097107</cusip><identifiers><isin value="CH0244767585"/><ticker value="UBSG SW"/><other otherDesc="BRJL176" value="Sedol"/></identifiers><balance>674236</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9865"/><valUSD>9741966</valUSD><pctVal>2.939</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>Nordea Bank Abp</name><lei>529900ODI3047E2LIV03</lei><title>Nordea Bank Abp</title><cusip>X5S8VL105</cusip><identifiers><isin value="FI4000297767"/><ticker value="NDA SS"/><other otherDesc="BYZF9J9" value="Sedol"/></identifiers><balance>1162826</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="11.0919"/><valUSD>9954821</valUSD><pctVal>3.003</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>VAT Group AG</name><lei>529900MVFK7NVALR7Y83</lei><title>VAT Group AG</title><cusip>H90508104</cusip><identifiers><isin value="CH0311864901"/><ticker value="VACN SW"/><other otherDesc="BYZWMR9" value="Sedol"/></identifiers><balance>30936</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9865"/><valUSD>6246828</valUSD><pctVal>1.884</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><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>2022-11-14</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>
