Janus
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Ticker Symbol:
JPGDX
Fund Type:
  

Management Fee Evaluation


Class D shares

   
Who should consider this fund

Investors concerned about market declines - and their impact on their portfolio - looking for growth potential that investing in the stock market provides, with a level of protection should the markets decline.

  • Allows investors to participate in the stock market - and the growth it potentially offers - while seeking to cap downside losses at 20%
  • Provides investors wary of future market declines a way to invest that is intended to reduce the impact of significant market swings on their portfolio
  • Features a protection component, defined as follows: capital protection set at 80% of the highest NAV achieved by the Fund (reduced for dividends, distributions, extraordinary expenses or extraordinary reductions in NAV)
  • The protection feature is provided by the Capital Protection Provider, BNP Paribas Prime Brokerage, Inc., to protect against a decrease in the protected NAV of each share class
  • Should a termination or liquidation event occur, shareholders who own shares of any share class on the Fund's termination date would be entitled to receive from the Fund, either the Protected NAV or the then-current NAV, whichever is higher. See prospectus for situations when this could occur and exceptions
Daily Price (NAV) as of 04/17/2014 date


NAV:   $9.69
Protected NAV:   $8.13

The Protected NAV is the protection feature of the Fund and is calculated at 80% of the highest previously achieved NAV per share class, reduced for dividends, distributions, extraordinary expenses, and certain extraordinary items. The Fund is designed so that the NAV, excluding adjustments, will not fall below the Protected NAV. If the NAV per share is less than the Protected NAV the fund would liquidate. The amounts shown are rounded and would be different if not rounded. View the NAV and Protected NAV for all Janus Preservation Series - Growth share classes.

        

Jonathan Coleman
  • Joined Janus in 1994
  • Head of Growth Equities
  • Jonathan is a CFA Charterholder
  • Bachelor's degree - political economy and Spanish, Williams College

 


 

 

as of 03/31/2014
More

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 800.525.3713 or download the file from janus.com/reports. Read it carefully before you invest or send money.

The Fund is not a capital guaranteed or insured fund. As with all investments, there are inherent risks when investing in the Fund including, but not limited to, allocation risk, maximum settlement amount risk, turnover risk, liquidation risk, opportunity cost risk, capital protection termination risk, underperformance risk and counterparty risk, each as disclosed in the Fund's Prospectuses. The protection feature only covers shareholders who hold their shares on the termination date, and is subject to various conditions and the financial payment capabilities of BNP Paribas.

The Capital Protection Agreement is a financial product that is intended to protect the Fund against significant market declines and does not in any way constitute any form of insurance. The Capital Protection Provider is not an insurance company or an insurance provider, nor is it acting as an adviser or subadviser for the Fund.

Amounts owed by the Capital Protection Provider under the Capital Protection Agreement are owed directly to the Fund and not to the Fund's shareholders. As a result, a shareholder's ability to receive the Protected NAV from the Fund is dependent on the Fund's ability to collect any settlement amount due from the Capital Protection Provider, and/or the Parent Guarantor, pursuant to the terms of the Capital Protection Agreement. Fund transactions involving a counterparty, such as the Capital Protection Provider and/or the Parent Guarantor, are subject to the risk that the counterparty will not fulfill its obligation to the Fund. Counterparty risk may arise because of the counter party's financial condition (i.e. financial difficulties, bankruptcy or insolvency), market activities or developments, or other reasons, whether foreseen or not. As such, the Fund's ability to benefit from the Protection may depend on the Capital Protection Provider's, as well as its Parent Guarantor's, financial condition.

Although the risk allocation methodology is designed so that the NAV of any share class does not fall below its Protected NAV, there is the possibility that the risk allocation methodology may not work as designed and the NAV of any share class may fall below its Protected NAV. If this happens, it is expected that the Fund will receive payment of the Settlement Amount from the Capital Protection Provider, if due, and liquidate as soon as possible following the event.

It is possible that under the terms of the Capital Protection Agreement, the Fund's allocation to the Equity Component could drop to a low level or be eliminated altogether, especially during periods of heightened volatility in the equity markets. This would reduce the Fund's ability to participate in upward equity market movements and therefore, represents loss of opportunity compared to a fund that is fully invested in equities and may cause the Fund to underperform its primary benchmark and/or other similarly situated growth funds. As a result, the Fund may not achieve its investment objective.

The Fund uses short index futures and other types of derivatives in attempt to hedge risk. Derivatives can be highly volatile and involve risks in addition to the risks of the underlying referenced securities. Gains or losses from a derivative can be substantially greater than the derivative's original cost, and can therefore involve leverage.

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