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The JCM Fair Fund distribution has been completed in accordance with the Modified Plan of Distribution. No checks or wires will be issued and any checks presented for payment will be returned by the bank. This website will remain active to help answer any additional questions on the settlement. Thank you.

Settlement Summary

On August 18, 2004, the Securities and Exchange Commission (SEC) approved a settlement of an administrative proceeding against Janus Capital Management LLC ("JCM") and established a fair fund, the JCM Fair Fund QSF (hereinafter the "Janus Fair Fund"). As part of the settlement, Janus paid $50 million in disgorgement and an additional $50 million in civil penalties.

Based on the Modified Plan of Distribution developed by the Independent Distribution Consultant (the "IDC") and approved by the SEC, the IDC calculated losses incurred as a result of these frequent trading arrangements and developed a plan for distributing payment for the Janus Fair Fund to eligible shareholders.

To be eligible for the distribution, investors must have owned shares of one or more of the seven Janus mutual funds during the specific time periods listed below.

    Eligible Funds Time Period
  • Janus Enterprise Fund (JAENX)
    		• 06/12/02 to 09/04/03
  • Janus High-Yield Fund (JAHYX)
    		• 11/26/02 to 09/10/03
  • Janus Research Fund, formerly known as Janus Mercury Fund (JAMRX)
    		• 11/07/01 to 09/04/03
  • Janus Overseas Fund (JAOSX)
    		• 11/30/01 to 09/10/03
  • Janus Worldwide Fund (JAWWX)
    		• 01/28/03 to 09/10/03
  • Janus Adviser International Growth Fund – S Shares, formerly known as I Shares (JIGRX)     
    		•  04/08/02 to 09/22/03
  • Janus Adviser Worldwide Fund – S Shares, formerly known as I Shares (JWGRX)
    		• 04/30/02 to 09/22/03
The IDC has established a minimum threshold (de minimis amount) of $10 in the approved Modified Plan of Distribution. Eligible shareholders who meet the de minimis amount will begin to receive their payments in mid-2008 and our goal is to complete the distribution process by late 2008. Shareholders who incurred losses of less than $10 are not receiving a payment.

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