EXPENSE LIMITATION AGREEMENT JANUS INVESTMENT FUND Janus Henderson Responsible International Dividend Fund1

Exhibit (h)(22)

EXPENSE LIMITATION AGREEMENT

JANUS INVESTMENT FUND

▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Responsible International Dividend Fund¹

May 15, 2025

Janus Investment Fund

▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇

Denver, Colorado 80206

Ladies and Gentlemen:

As you know, Section 5 of our Investment Advisory Agreement provides for compensation payable to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Investors US LLC (the “Adviser”) with respect to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Responsible International Dividend Fund (the “Fund”)¹. This letter is to inform you that the Adviser will waive all or a portion of its management fee (or otherwise reimburse/waive class specific expenses), as applicable, for a one-year term commencing on the effective date of the Fund’s registration statement, under the following conditions:

In the event the operating expenses allocated to any class of the Fund, including the amount payable to the Adviser pursuant to Section 5 of the Investment Advisory Agreement, for any fiscal year ending on a date on which this Agreement is in effect, exceed the percentage of average daily net assets set forth in Schedule A, the Adviser shall reduce its fee payable with respect to the Fund by the extent of such excess, and/or shall reimburse the Fund (or class as applicable) by the amount of such excess; provided, however, there shall be excluded from such expenses the fees payable by a share class of the Fund pursuant to a Rule 12b-1 Plan; shareholder servicing fees, out-of-pocket transfer agency/shareholder servicing costs, including networking/omnibus/shareholder servicing fees payable by any share class; the “Performance Adjustment” if the Fund has a performance-based investment advisory fee; as well as the amount of any items not normally considered operating expenses such as acquired fund fees and expenses, interest, dividends, taxes, brokerage commissions, and extraordinary expenses (including, but not limited to, legal claims and liabilities and litigation costs, and any indemnification related thereto), paid or payable by the Fund. Operating expenses shall be calculated net of balance credits and similar offset arrangements (excluding any directed brokerage arrangements). Whenever the expenses allocated to any class of the Fund exceed a pro rata portion of the applicable annual expense limitations, the estimated amount of reimbursement under such limitations shall be offset against the monthly payment of the fee due to the Adviser and/or by the Adviser to the Fund (or applicable class). The waiver or reimbursement shall be allocated to each class of the Fund in the same manner as the underlying expenses or fees were allocated.

¹  Effective on or about June 24, 2025, the Fund will change its name to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ International Dividend Fund.

This waiver/reimbursement will continue in effect for a one-year term commencing on the effective date of the Fund’s registration statement, unless otherwise revised, extended, or terminated by the Trustees of the Trust.

▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ INVESTORS US LLC						JANUS INVESTMENT FUND
By:		/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇				By:		/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
		▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇						▇▇▇▇▇▇▇ ▇▇▇▇▇▇
		Vice President and Head of US Fund						Vice President, Secretary, and
		Administration						Chief Legal Counsel

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Schedule A

Fund Name		Expense Limit (%)
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Responsible International Dividend Fund2			0.84

²  Effective on or about June 24, 2025, the Fund will change its name to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ International Dividend Fund.

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