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      <invstOrSec>
        <name>Hologic, Inc.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="881141JIS"/>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="WNU6COS"/>
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        <name>River Rock Entertainment Authority</name>
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        <name>Viking Baked Goods Acquisition Corp.</name>
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        <name>N/A</name>
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        <name>BioMarin Pharmaceutical, Inc.</name>
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        <name>Stonebriar ABF Issuer LLC</name>
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        <name>Tallgrass Energy Partners LP</name>
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        <name>Uzbek Industrial and Construction Bank ATB</name>
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        <name>SLM Corp.</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>ITT Holdings LLC</name>
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        <name>Breakwater Energy Holdings Sarl</name>
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        <name>Beazer Homes USA, Inc.</name>
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        <name>Capstone Copper Corp.</name>
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        <name>Maxam Prill Sarl</name>
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        <name>Alphabet, Inc.</name>
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        <name>BioMarin Pharmaceutical, Inc.</name>
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        <name>White Cap Supply Holdings LLC</name>
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        <name>Six Flags Entertainment Corp.</name>
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        <name>Revolution Medicines, Inc.</name>
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        <name>SoftBank Group Corp.</name>
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        <name>Trekor Metals Ltd.</name>
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        <name>EquipmentShare.com, Inc.</name>
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        <name>Hilton Grand Vacations Borrower LLC</name>
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        <name>Men's Wearhouse, Inc.</name>
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        <name>Authentic Brands Group, Inc.</name>
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        <name>Inspired Finco Holdings Ltd.</name>
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        <name>Carvana Co.</name>
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        <name>Harrow, Inc.</name>
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        <name>Talen Energy Supply LLC</name>
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        <name>NCL Corp. Ltd.</name>
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        <name>Rivers Enterprise Borrower LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bridgebio Pharma, Inc.</name>
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        <name>PennyMac Financial Services, Inc.</name>
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        <name>WestJet Airlines Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Franco-Nevada Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HLF Financing Sarl LLC</name>
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        <name>Six Flags Entertainment Corp.</name>
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        <name>OneMain Finance Corp.</name>
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        <name>American Airlines, Inc.</name>
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        <name>Beazer Homes USA, Inc.</name>
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        <name>Algonquin Power &amp; Utilities Corp.</name>
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        <name>Synergy Infrastructure Holdings LLC</name>
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        <name>LSF12 Pillar Investments Sarl</name>
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        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
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      <invstOrSec>
        <name>Gloves Buyer, Inc.</name>
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        <name>SCIH Salt Holdings, Inc.</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>Edged Compute LLC</name>
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        <name>McKesson Medical-Surgical Top Holdings Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mirum Pharmaceuticals, Inc.</name>
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        <name>Metis TechBio Co. Ltd.</name>
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        <name>Latam Airlines Group SA</name>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Cogent Biosciences, Inc.</name>
        <lei>N/A</lei>
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        <name>Matador Resources Co.</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
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      <invstOrSec>
        <name>Pioneer OpCo, LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="996680"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JB Poindexter &amp; Co., Inc.</name>
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        <title>JB Poindexter &amp; Co., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carvana Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rithm Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AP Core Holdings II LLC</name>
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        <name>Carvana Co.</name>
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        <name>USA Compression Partners LP</name>
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        <name>New Flyer Holdings, Inc.</name>
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        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>Starwood Property Trust, Inc.</title>
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        <name>Jane Street Group</name>
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        <name>Level 3 Financing, Inc.</name>
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        <name>Rand Parent LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Burford Capital Global Finance LLC</name>
        <lei>549300JVAOO67CSCH406</lei>
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        <name>Aretec Group, Inc.</name>
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        <name>Ensemble RCM LLC</name>
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        <name>Osaic Holdings, Inc.</name>
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        <name>First Quantum Minerals Ltd.</name>
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        <name>Howard Midstream Energy Partners LLC</name>
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        <name>CoreWeave, Inc.</name>
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        <name>ProAmpac PG Borrower LLC</name>
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        <name>Standard Building Solutions, Inc.</name>
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        <name>Burford Capital Global Finance LLC</name>
        <lei>549300JVAOO67CSCH406</lei>
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        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
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        <name>Saratoga Food Specialties LLC</name>
        <lei>N/A</lei>
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        <balance>405000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-13</maturityDt>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kohl's Corp.</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>Kohl's Corp.</title>
        <cusip>500255AY0</cusip>
        <identifiers>
          <isin value="US500255AY01"/>
        </identifiers>
        <balance>4592000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4966661.28000000</valUSD>
        <pctVal>0.780270894273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Millrose Properties, Inc.</name>
        <lei>N/A</lei>
        <title>Millrose Properties, Inc.</title>
        <cusip>601137AB8</cusip>
        <identifiers>
          <isin value="US601137AB81"/>
        </identifiers>
        <balance>1605000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1618966.71000000</valUSD>
        <pctVal>0.254342410604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Veritiv Operating Co.</name>
        <lei>5493004G8OK5L1UTIY12</lei>
        <title>Veritiv Operating Co.</title>
        <cusip>92339LAA0</cusip>
        <identifiers>
          <isin value="US92339LAA08"/>
        </identifiers>
        <balance>9276000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9486880.58000000</valUSD>
        <pctVal>1.490404997786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kioxia Holdings Corp.</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>Kioxia Holdings Corp.</title>
        <cusip>49726JAB4</cusip>
        <identifiers>
          <isin value="US49726JAB44"/>
        </identifiers>
        <balance>13023000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13620714.81000000</valUSD>
        <pctVal>2.139837352758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seagate Data Storage Technology Pte. Ltd.</name>
        <lei>N/A</lei>
        <title>Seagate Data Storage Technology Pte. Ltd.</title>
        <cusip>81180LAL9</cusip>
        <identifiers>
          <isin value="US81180LAL99"/>
        </identifiers>
        <balance>3404000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3148427.68000000</valUSD>
        <pctVal>0.494623317946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Murata Manufacturing Co. Ltd.</name>
        <lei>529900QZG6DL8ZRI7140</lei>
        <title>Murata Manufacturing Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3914400001"/>
        </identifiers>
        <balance>8700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>627080.13000000</valUSD>
        <pctVal>0.098515349896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="16242"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>25153.66000000</valUSD>
        <pctVal>0.003951682564</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas</counterpartyName>
              <counterpartyLei>R0MUWSFPU8MPRO8K5P83</counterpartyLei>
            </counterparties>
            <amtCurSold>1391318.50000000</amtCurSold>
            <curSold>CAD</curSold>
            <amtCurPur>1008187.93000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-08-13</settlementDt>
            <unrealizedAppr>25153.66000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="20405"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>2382.46000000</valUSD>
        <pctVal>0.000374288498</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas</counterpartyName>
              <counterpartyLei>R0MUWSFPU8MPRO8K5P83</counterpartyLei>
            </counterparties>
            <amtCurSold>504375.00000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>579786.12000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-08-13</settlementDt>
            <unrealizedAppr>2382.46000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LifePoint Health, Inc.</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health, Inc.</title>
        <cusip>53219LAX7</cusip>
        <identifiers>
          <isin value="US53219LAX73"/>
        </identifiers>
        <balance>12664000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12642615.57000000</valUSD>
        <pctVal>1.986176306502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rithm Capital Corp.</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp.</title>
        <cusip>64828TAB8</cusip>
        <identifiers>
          <isin value="US64828TAB89"/>
        </identifiers>
        <balance>2307000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2316228.00000000</valUSD>
        <pctVal>0.363883339534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="12255"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>1608.50000000</valUSD>
        <pctVal>0.000252698072</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas</counterpartyName>
              <counterpartyLei>R0MUWSFPU8MPRO8K5P83</counterpartyLei>
            </counterparties>
            <amtCurSold>4922337.80000000</amtCurSold>
            <curSold>HKD</curSold>
            <amtCurPur>630281.33000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-08-13</settlementDt>
            <unrealizedAppr>1608.50000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36485MAP4</cusip>
        <identifiers>
          <isin value="US36485MAP41"/>
        </identifiers>
        <balance>4570000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4675356.87000000</valUSD>
        <pctVal>0.734506478364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <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>2026-07-30</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>
