AMENDMENT TO JANUS DETROIT STREET TRUST INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT

AMENDMENT TO

JANUS DETROIT STREET TRUST

INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT

THIS AMENDMENT is made this 14th day of October, 2020, between JANUS DETROIT STREET TRUST, a Delaware statutory trust (the “Trust”), and JANUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Adviser”), regarding the funds listed in Appendix A

(each, a “Fund” and together, the “Funds”).

WITNESSETH:

WHEREAS, the Adviser and the Trust, on behalf of the Funds, are parties to an Investment Advisory and Management Agreement dated May 30, 2017 (the “Agreement”);

WHEREAS, the parties desire to amend the Agreement as set forth in greater detail below;

WHEREAS, pursuant to Section 11 of the Agreement, the Agreement may be amended by the parties only if such amendment is approved by the Board, including a majority of the directors who are not interested persons of the Adviser, Distributor, or of the Trust and is in writing and signed by the parties to the Agreement; and

WHEREAS, Appendices A and B are hereby replaced with the attached Appendices A and B to reflect the addition of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ AAA CLO ETF.

NOW, THEREFORE, in consideration of the premises and of the mutual agreements set forth below, the parties agree to amend the Agreement as follows:

1.         The parties acknowledge that the Agreement, as amended, remains in full force and effect as of the date of this Amendment, and that this Amendment, together with the Agreement, contains the entire understanding and the full and complete agreement of the parties and supersedes and replaces any prior understandings and agreements among the parties respecting the subject matter hereof.

2.         This Amendment may be contemporaneously executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Amendment as of the date and year first above written.

JANUS CAPITAL MANAGEMENT LLC

By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇

▇▇▇▇▇▇▇ ▇▇▇▇▇▇

Senior Vice President, Chief Accounting

Officer and Treasurer

JANUS DETROIT STREET TRUST

By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇

▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇

Vice President, Chief Financial Officer,

Treasurer and Principal Accounting

Officer

2

Appendix A        

▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Small Cap Growth Alpha ETF

▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Small/Mid Cap Growth Alpha ETF

The Long-Term Care ETF

▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Short Duration Income ETF

▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Mortgage-Backed Securities ETF

▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ AAA CLO ETF

3

Appendix B

Management Fee Rates

The Funds listed below will each be subject to the following Fee Schedule, effective May 1, 2020:

Assets Under Management		Daily Net Assets (annual rate)
$0-$500 million		0.30%
Next $500 million		0.25%
Over $1 billion		0.20%

Fund		Ticker
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Small Cap Growth Alpha ETF		JSML
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Small/Mid Cap Growth Alpha ETF		JSMD
The Long-Term Care ETF		OLD
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Short Duration Income ETF		VNLA
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Mortgage-Backed Securities ETF		JMBS

The Fund listed below will each be subject to the following Fee Schedule, effective October 14, 2020:

Assets Under Management		Daily Net Assets (annual rate)
$0-$1 billion		0.25%
Over $1 billion		0.20%

Fund		Ticker
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ AAA CLO ETF		JAAA

4