Fund Notice

The Board of Trustees of Janus Detroit Street Trust, on behalf of the Janus Henderson Small/Mid Cap Growth Alpha ETF (the “Fund”), has approved changes to the Fund’s investment objective and principal strategies. The Fund will transition from a passive, index-based approach to an active, systematic strategy that selects small/mid-cap growth stocks using a proprietary quantitative methodology. Going forward, the Fund will seek long-term capital growth and, under normal circumstances, will invest at least 80% of its net assets in small/mid-cap equity securities chosen for their growth potential. These changes will take effect on or around May 12, 2025.

Janus Henderson Smart Growth Indices are rooted in our rich heritage of fundamental equity research and more than 45 years of experience in small- and mid-cap investing.

About this ETF

For investors seeking an active fund that taps into the upside potential of SMID cap companies while managing risk exposures. JSMD seeks to generate alpha via a systematic strategy that utilizes proprietary factors to inform security selection.

Why Invest in this ETF

Fundamentally Driven
Codifies the rules of active management and leverages Janus Henderson’s DNA of fundamental stock selection.

Systematic Alpha
Offers direct access to the upside potential of companies selected systematically, based on a proprietary set of fundamental factors.

Explicit Risk Management
Portfolio optimization creates an ETF that seeks to maximize alpha, with monitored long-term tracking error, portfolio exposures, and active management.

ETF PULSE: Markets don't stand still - and neither should your ETF strategy.

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