Janus Investment Fund
| Janus Henderson Adaptive Risk Managed U.S. | Janus Henderson Growth and Income Fund | |
| Equity Fund | Janus Henderson High-Yield Fund | |
| Janus Henderson Balanced Fund | Janus Henderson International Dividend Fund | |
| Janus Henderson Contrarian Fund | Janus Henderson Low Duration Multi-Sector | |
| Janus Henderson Developed World Bond Fund | Income Fund | |
| Janus Henderson Enterprise Fund | Janus Henderson Mid Cap Value Fund | |
| Janus Henderson European Focus Fund | Janus Henderson Multi-Sector Income Fund | |
| Janus Henderson Flexible Bond Fund | Janus Henderson Overseas Fund | |
| Janus Henderson Forty Fund | Janus Henderson Research Fund | |
| Janus Henderson Global Equity Income Fund | Janus Henderson Short Duration Flexible Bond | |
| Janus Henderson Global Life Sciences Fund | Fund | |
| Janus Henderson Global Real Estate Fund | Janus Henderson Small Cap Value Fund | |
| Janus Henderson Global Research Fund | Janus Henderson Small-Mid Cap Value Fund | |
| Janus Henderson Global Select Fund | Janus Henderson Triton Fund | |
| Janus Henderson Global Sustainable Equity Fund | Janus Henderson U.S. Dividend Income Fund | |
| Janus Henderson Global Technology and Innovation Fund |
Janus Henderson Venture Fund |
(collectively, the “Funds”)
Supplement dated May 11, 2026
to Currently Effective
Statements of Additional Information
The Board of Trustees (the “Trustees”) of the Funds appointed JPMorgan Chase Bank, National Association to serve as the Custodian of the Funds, replacing BNP Paribas, acting through its New York branch, effective May 11, 2026.
In response to the above change, effective May 11, 2026, the statements of additional information (the “SAIs”) for the Funds are amended as follows:
| 1. | In the “Custodian, Transfer Agent, and Certain Affiliations” section of the Funds’ SAIs the following paragraph replaces the first paragraph in its entirety: |
JPMorgan Chase Bank, National Association (“JPMorgan Chase Bank” or the “Custodian”), 270 Park Avenue, New York NY 10017 is the custodian of the domestic securities and cash of the Funds. JPMorgan Chase Bank is the designated Foreign Custody Manager (as the term is defined in Rule 17f-5 under the 1940 Act) of the Funds’ securities and cash held outside the United States. The Funds’ Trustees have delegated to JPMorgan Chase Bank certain responsibilities for such assets, as permitted by Rule 17f-5. JPMorgan Chase Bank and the foreign subcustodians selected by it hold the Funds’ assets in safekeeping and collect and remit the income thereon, subject to the instructions of each Fund.
Please retain this Supplement with your records.
Janus Investment Fund
Janus Henderson Global Allocation Fund – Conservative
Janus Henderson Global Allocation Fund – Growth
Janus Henderson Global Allocation Fund – Moderate
(collectively, the “Funds”)
Supplement dated May 11, 2026
to Currently Effective
Statement of Additional Information
The Board of Trustees (the “Trustees”) of the Funds appointed JPMorgan Chase Bank, National Association to serve as the Custodian of the Funds, replacing BNP Paribas, acting through its New York branch, effective May 11, 2026.
In response to the above change, effective May 11, 2026, the statement of additional information (the “SAI”) for the Funds is amended as follows:
| 1. | In the “Custodian, Transfer Agent, and Certain Affiliations” section of the Funds’ SAI the following paragraph replaces the first paragraph in its entirety: |
JPMorgan Chase Bank, National Association (“JPMorgan Chase Bank” or the “Custodian”), 270 Park Avenue, New York NY 10017 is the custodian of the domestic securities and cash of the Funds. JPMorgan Chase Bank is the designated Foreign Custody Manager (as the term is defined in Rule 17f-5 under the 1940 Act) of the Funds’ securities and cash held outside the United States. The Funds’ Trustees have delegated to JPMorgan Chase Bank certain responsibilities for such assets, as permitted by Rule 17f-5. JPMorgan Chase Bank and the foreign subcustodians selected by it hold the Funds’ assets in safekeeping and collect and remit the income thereon, subject to the instructions of each Fund.
Please retain this Supplement with your records.
Janus Investment Fund
Janus Henderson Government Money Market Fund
Janus Henderson Money Market Fund
(collectively, the “Funds”)
Supplement dated May 11, 2026
to Currently Effective
Statements of Additional Information
The Board of Trustees (the “Trustees”) of the Funds appointed JPMorgan Chase Bank, National Association to serve as the Custodian of the Funds, replacing BNP Paribas, acting through its New York branch, effective May 11, 2026.
In response to the above change, effective May 11, 2026, the statements of additional information (the “SAIs”) for the Funds are amended as follows:
| 1. | In the “Custodian, Transfer Agent, and Certain Affiliations” section of the Funds’ SAIs the following paragraph replaces the first paragraph in its entirety: |
JPMorgan Chase Bank, National Association (“JPMorgan Chase Bank” or the “Custodian”), 270 Park Avenue, New York NY 10017 is the Fund’s custodian. The custodian holds the Fund’s assets in safekeeping and collects and remits the income thereon, subject to the instructions of the Fund.
Please retain this Supplement with your records.