The funds intend to distribute the maximum amount of dividends qualifying for the 15% rate allowable under the law.

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1 2014 Janus FINAL Per Share Distribution Amounts Attached are the final per share distribution amounts paid on December 31, 2014 to shareholders of record on December 30, 2014 for the Janus income funds listed below. The funds intend to distribute the maximum amount of dividends qualifying for the 15% rate allowable under the law. Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call Janus at JANUS (52687) (or if you hold shares directly with Janus Capital). You can also visit janus.com/info (or janus.com/reports if you hold shares directly with Janus Capital). Read it carefully before you invest or send money. Please note that Funds that have invested in real estate investment trusts (REITs) during the current tax year may potentially recharacterize some of their income distributions as return of capital. If applicable, the recharacterization may occur in February following the current tax year.

2 Janus Fund (A Shares) CUSIP Fund A Shares & 47103C E C D D A252 (2) Multi-Sector Fund $ $ $ $ $

3 Janus Fund (C Shares) CUSIP Fund C Shares & 47103C E C D D A245 (2) Multi-Sector Fund $ $ $ $ $

4 Janus Fund (D Shares) CUSIP Fund D Shares * & 47103E E E D E D A E E791 (2) Multi-Sector Fund $ $ $ $ $ (2) Government Money Market Fund $ $ $ $ $ (2) Money Market Fund $ $ $ $ $ * Closed to certain new investors.

5 Janus Fund (I Shares) CUSIP Fund I Shares & 47103C E C D D A229 (2) Multi-Sector Fund $ $ $ $ $

6 Janus Fund (N Shares) CUSIP Fund N Shares & 47103D D D D D D421 (2) Multi-Sector Fund $ $ $ $ $

7 Janus Fund (R Shares) CUSIP Fund R Shares & 47103C C563

8 Janus Fund (S Shares) CUSIP Fund S Shares & 47103C E C D D A237 (2) Multi-Sector Fund $ $ $ $ $

9 Janus Fund (T Shares) CUSIP Fund T Shares & E D D A (2) Multi-Sector Fund $ $ $ $ $ (2) Government Money Market Fund $ $ $ $ $ (2) Money Market Fund $ $ $ $ $

10 If you have additional questions, kindly contact us as follows: Intermediary clients (financial institutions, B/D, financial advisors, etc.), please call your Janus representative at JANUS (52687). RIAs, please call your Janus Service Consultant at RIA (4742). Institutional clients, please call Janus Capital Group Institutional at Direct Janus shareholders please call If you do not see your fund listed, contact your Janus representative. Funds distributed by Janus Distributors LLC. (12/14)

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