Source: Janus Capital Group Inc.

Janus Launches Multi-Sector Income Fund

New Fund to Identify Income-Generating Opportunities Across Fixed Income Sectors

DENVER, Feb. 28, 2014 (GLOBE NEWSWIRE) -- Janus Capital Group Inc. (NYSE:JNS) today announced the launch of the Janus Multi-Sector Income Fund that seeks to identify compelling income-generating opportunities across fixed income sectors. The fund, which launched on Feb. 28, 2014, will be managed by Janus Capital Management LLC.

Janus Multi-Sector Income Fund (JMUTX) employs an active management approach that balances a focus on high current income with risk considerations at the security and portfolio level. The fund will typically hold between 35% and 65% below investment grade bonds and has wide flexibility to invest across all sectors of the global fixed income market.

"For more than 25 years, we have successfully managed our flagship Janus Flexible Bond Fund for clients by focusing on risk-adjusted returns and capital preservation. We are excited to extend our fundamental, bottom-up, credit-oriented approach to the Janus Multi-Sector Income Fund," said Gibson Smith, CIO of Janus Fixed Income.

Janus Fixed Income manages $30.3 billion for clients globally with experience in multi-sector investing dating back to inception of the Janus Flexible Bond Fund in 1987. The Janus Flexible Bond Fund is an all-weather, core holding that, relative to the Morningstar Intermediate-Term Bond category, placed in the 12th (125 out of 1,104) percentile for the past 1-year, 19th (199 out of 1,040) percentile over 3-years, 45th (431 out of 962) percentile over 5-years, and 10th (80 out of 863) percentile over 10-years based on total returns (as of 1/31/14; Class T Shares).

Janus Multi-Sector Income Fund will be managed by Seth Meyer, CFA, portfolio manager; John Kerschner, CFA, global head of securitized products and portfolio manager; and John Lloyd, global head of credit research and portfolio manager. The portfolio managers average more than 18 years of investment experience.

"We seek to provide the consistent and high income that is often associated with high-yield securities, but in a multi-sector framework that allows the flexibility to position defensively ahead of market volatility," said Meyer, the lead portfolio manager. "We believe the combination of income and defensive flexibility will help our clients meet their long-term goals."

About Janus Capital Group Inc.

Janus Capital Group Inc. (JCG) is a global investment firm dedicated to delivering better outcomes for clients through differentiated investment solutions from three independent managers: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager brings a distinct perspective, style-specific expertise and a disciplined approach to risk. JCG's multi-boutique approach provides clients with distinctive solutions across a broad range of asset classes including equities, fixed income, alternatives, asset allocation and income products.

At the end of December 2013, JCG managed approximately $173.9 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Milan, Munich, Singapore, Hong Kong, Tokyo, Melbourne, Paris, The Hague, Zurich, Frankfurt, Dubai and Taipei.

Past performance is no guarantee of future results. Call 877.33JANUS (52687) or visit janus.com/advisor/mutual-funds for current month-end performance.

There is no assurance the stated objectives will be met or that the investment process will consistently lead to successful investing.

Funds that invest in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds owned by the fund. Unlike owning individual bonds, there are ongoing fees and expenses associated with owning shares of bond funds. The return of principal is not guaranteed due to net asset value fluctuation that is caused by changes in the price of specific bonds held in the fund and selling of bonds within the fund by the portfolio managers.

High-yield/high-risk bonds, also known as "junk" bonds, involve a greater risk of default and price volatility than U.S. Government and other high quality bonds. High-yield/high-risk bonds can experience sudden and sharp price swings which will affect net asset value.

Foreign securities have additional risks including exchange rate changes, political and economic upheaval, the relative lack of information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards. These risks are magnified in emerging markets. The prices of foreign securities held by the fund, and therefore a fund's performance, may decline in response to such risks.

Rankings are for the Fund's initial share class; other classes may have different performance characteristics. © 2014 Morningstar, Inc. All Rights Reserved.

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus at 877.33JANUS (52687) or download the file from janus.com/info. Read it carefully before you invest or send money.

Janus Distributors LLC

C-0214-58121 04-15-2014