Janus Henderson

UK EQUITY INCOME & GROWTHFUND

Fund facts at 30 November 2017

Fund aimThe Fund aims to provide dividendincome with prospects for bothincome and capital growth over themedium to long term by investingprimarily in United Kingdomcompanies. The Fund may invest infixed interest and convertiblesecurities as well as ordinaryshares.

Launch dateA Inc - 30 September 1974I Inc - 30 September 1974

Investment Association sectorIA UK Equity Income

Fund size£381.24m

Yields* (%) HistoricalA Inc 3.6I Inc 3.7Type of sharesAccumulation and Income

XD dates01-Jul, 01-Oct, 01-Jan, 01-Apr

Dividend pay dates30-Aug, 30-Nov, 28-Feb, 30-May

Minimum investmentsA Inc £1,000I Inc £3,000,000

Charges (%) Initial OngoingA Inc 5.00 1.70I Inc Nil 0.84

Annual†A Inc 1.50I Inc 0.75†100% of the Annual ManagementCharge is taken from capital.

SEDOL numbers0749303 (A Inc)0749422 (I Acc) 0749347 (I Inc)

Fund manager profileJames Henderson is Director of UK Investment Trusts and a Fund Manager at Janus Henderson Investors, a position he hasheld as part of the Henderson team since 2003. He joined Henderson in 1983 as a trainee fund manager and, during histenure with the firm, has been successfully managing a number of investment trusts since 1990. Prior to joining Hendersonhe was an accountant trainee at Binder Hamlyn.James graduated with an MA (Hons) in economics from Cambridge University and has 35 years of financial industry experience. Laura Foll is a Fund Manager at Janus Henderson Investors, a position she has held as part of the Henderson team since 2014. Laura joined Henderson in 2009 as part of the graduate scheme where she worked across various teams including fixed income, performance, marketing and equities. She was subsequently named a global analyst on the value and income team and later an assistant fund manager for the global equity income team. Laura graduated from the London School of Economics with an honours degree in economic history with economics. She holds the Chartered Financial Analyst designation and has 8 years of financial industry experience.

Please note that as of 01 August 2017, the Henderson UK Equity Income & Growth Fund moved from the IA UK All Companies sector to the IA UK Equity Income sector. On 13January 2014, the Henderson UK Equity Income Fund changed its name, investment objective and policy to become the Henderson UK Equity Income & Growth Fund.To obtain monthly commentary from our fund manager please visit our website on: www.janushenderson.com.

Top 10 holdings (%)Phoenix Group 4.4HSBC 4.4BP 3.8Royal Dutch Shell 3.4Chesnara 3.1Senior 2.9Numis 2.6GKN 2.5Prudential 2.5Standard Chartered 2.4Total number of holdings 102

Top 10 sectors (%)Financials 41.2Industrials 26.9Oil & Gas 11.1Consumer Services 6.9Consumer Goods 4.5Basic Materials 4.3Telecommunications 2.1Health Care 2.0Utilities 1.4 Cash -0.3

PerformancePercentage growth, 30 Nov 12 to 30 Nov 17.

0

15

30

45

60

75

90

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Janus Henderson UK Equity Income A Inc (62.9%)Janus Henderson UK Equity Income I Inc (70.0%)IA UK Equity Income (64.1%)FTSE All Share Index (57.1%)

Source: at 30 Nov 17. © 2017 Morningstar. All Rights Reserved,nav-nav, UK sterling, net income reinvested.

FTSE All Share Total Return Index redistributed and FTSE® used underlicence from FTSE. FTSE and its licensors Financial Times Limited andLondon Stock Exchange plc own all rights therein and disclaim liability forerrors/omissions.

Past performance is not a guide to future performance. Thevalue of an investment and the income from it can fall as wellas rise and you may not get back the amount originallyinvested.

Cumulative A Inc I Acc I Inc Sector Quartileperformance % change % change % change % change ranking†

1 year 8.8 9.8 9.8 12.8 4th

2 years 13.3 15.3 15.3 18.0 3rd

3 years 17.9 21.0 21.0 25.3 3rd

4 years 20.6 24.9 24.8 32.2 4th

5 years 62.9 70.2 70.0 64.1 2nd

Source: at 30 Nov 17. © 2017 Morningstar. All Rights Reserved, nav-nav, UKsterling, net income reinvested.

Discrete year A Inc I Acc I Incperformance % change % change % change

30/09/2016 to 29/09/2017 9.2 10.2 10.2

30/09/2015 to 30/09/2016 7.7 8.6 8.6

30/09/2014 to 30/09/2015 0.1 0.9 0.9

30/09/2013 to 30/09/2014 8.3 9.3 9.3

28/09/2012 to 30/09/2013 32.0 33.2 33.1

Source: at 29 Sep 17. © 2017 Morningstar. All Rights Reserved, nav-nav, UKsterling, net income reinvested.Discrete performance data may change due to final dividend informationbeing received after quarter end. † 1st quartile means the fund is ranked inthe top 25% of funds in its sector.

Janus Henderson

UK EQUITY INCOME & GROWTHFUND(continued)

Fund managerJames Henderson

Fund managerLaura Foll

For further information please visitour website atwww.janushenderson.com

General risks• The value of the funds and the income from them is not guaranteed and may fall as well as rise. You may get back less

than you originally invested.• Past performance is not a guide to future performance.• You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual

circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or thefunds in which you have invested.

What are the risks specific to this fund?• If a fund is a specialist country-specific or geographical region fund, the investment carries greater risk than a fund diversified

across more countries.• If a fund’s management charge is taken from its capital, then this may allow more income to be paid, however, it may also

restrict capital growth or even result in capital erosion over time.• This fund is designed to be used only as one component in several in a diversified investment portfolio. Investors should

consider carefully the proportion of their portfolio invested into this fund.

Important information*Yields are shown net except for bond funds which are shown gross. The Historical Yield reflects distributions declared over the past 12 months as a percentage of themid-market share price, at the date shown. It does not include any preliminary charge and investors may be subject to tax on their distributions. Fund size at 12 pm on lastbusiness day of month.Please note: due to rounding the figures in the holdings breakdowns may not add up to 100%. Unless otherwise indicated all figures sourced from Morningstar, Datastream, BNP Paribas and Janus Henderson Investors. Please note the views, opinions and forecasts expressed in this document are based on Janus Henderson Investors research, analysis and house views at the time of publication. Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed. Please read all scheme documents before investing. Before entering into an investment agreement in respect of an investment referred to in this document, you should consult your own professional and/or investment adviser. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s particular circumstances and may change if those circumstances or the law change. If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially than those shown on this document. Nothing in this document is intended to or should be construed as advice. This communication does not constitute an offer or a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. Any investment application will be made solely on the basis of the information contained in the Prospectus (including all relevant covering documents), which will contain investment restrictions. This document is intended as a summary only and potential investors must read the prospectus, and where relevant, the key investor information document before investing. Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which Janus Capital International Limited (reg no. 3594615), Henderson Global Investors Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), AlphaGen Capital Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Conduct Authority to provide investment products and services. In Ireland the Facilities Agent is BNP Paribas Fund Administration Services (Ireland) Limited. © 2017, Janus Henderson Investors. The name Janus Henderson Investors includes HGI Group Limited, Henderson Global Investors (Brand Management) Sarl and Janus International Holding LLC.