Janus Aspen Global Allocation Portfolio - Moderate (JMAPX)

Data as of 3/31/2014 unless otherwise noted

Portfolio Overview

A global allocation fund with a moderate approach
  • Flexible approach that aims to capture the best performing investments around the globe
  • Allocation to alternative assets which we believe will dampen overall portfolio volatility
  • Diversification across Janus, INTECH, and Perkins funds, providing access to the innovative investment expertise and solutions of Janus Capital Group

Performance

Inception: Aug 31, 2011
1 Year
3 Year
5 Year
10 Year
Since Portfolio Inception
Institutional Shares
10.76% N/A N/A N/A 12.01%
MSCI All Country World Index (SM) 16.55% 8.55% 17.80% 6.97% 13.90%
Global Moderate Allocation Index 10.57% 6.42% 12.83% N/A 8.64%
S&P 500® Index 21.86% 14.66% 21.16% 7.42% 20.71%

Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.


Returns quoted reflect the expense waiver, if any, Janus Capital has contractually agreed to through 5/1/14.


Returns greater than one year are annualized.


Morningstar Style Box™ (As of 3/31/2014)

Equity Style

Large Growth
 

Fixed Income Style

Low Moderate

Portfolio Analysis

Underlying Funds

% of Portfolio

View All Holdings (PDF)

Janus Global Bond Fund - Class N Shares 26.84%
Janus International Equity Fund - Class N Shares 12.44%
INTECH U.S. Value Fund - Class I Shares 8.17%
Janus Diversified Alternatives Fund - Class N Shares 7.81%
INTECH International Fund - Class I Shares 7.78%
Perkins Large Cap Value Fund - Class N Shares 5.21%
INTECH U.S. Growth Fund - Class I Shares 4.26%
Janus Overseas Fund - Class N Shares 3.94%
Janus Short-Term Bond Fund - Class N Shares 3.87%
Janus Aspen Global Research Portfolio - Institutional Shares 3.14%
Total 83.46%
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Management

Enrique Chang | Dan Scherman

Enrique Chang

Joined Janus 2013
Tenure on fund: Since 2014

Read More about Enrique Chang

Dan Scherman

Joined Janus 2005
Tenure on fund: Since 2011

"Janus Global Asset Allocation products are constructed seeking superior risk-adjusted returns within a targeted risk framework selected by you, the investor."

Read More about Dan Scherman

Analysis Tools powered by Morningstar™

Morningstar

Overall Morningstar Rating™

Morningstar does not currently rate this share class

View detailed Morningstar ratings

Ratings are based on risk-adjusted returns. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics.


As of 3/31/2014

Portfolio Facts 

CUSIP 471021410
Inception 08/31/2011
Total Net Assets (as of 03/31/2014) $ 10.4M
Total Number of Equity Issues N/A
Total Number of Debt Issues N/A
Weighted Average Market Capitalization ($ billion) N/A
Portfolio Turnover Rate N/A
Annual Expense Ratios (estimated)
Gross 25.37%
Net 1.43%
Alpha (3-Year-Fund) N/A
Beta (3-Year-Fund) N/A
R-Squared (3-Year-Fund) N/A
Sharpe Ratio (3-Year - Fund) N/A
Sharpe Ratio (3-Year - MSCI All Country World Index (SM)) .58
Standard Deviation (3-Year - Fund) N/A
Standard Deviation (3-Year - MSCI All Country World Index (SM)) 14.54

Please consider the charges, risks, expenses and investment objectives carefully before investing. Please see a prospectus, or if available, a summary prospectus containing this and other information. Read it carefully before you invest or send money.


Returns include reinvestment of dividends and capital gains.


For a period of three years subsequent to the Fund’s commencement of operations or until the Fund’s assets exceed the first breakpoint in the investment advisory fee schedule, whichever occurs first, Janus Capital may recover from the Fund fees and expenses previously waived or reimbursed if the Fund’s expense ratio, including recovered expenses, falls below the expense limit.


A portfolio's performance for very short time periods may not be indicative of future performance.


A portfolio’s performance may be affected by risks that include those associated with nondiversification, non-investment grade debt securities, high-yield/high-risk securities, undervalued or overlooked companies, investments in specific industries or countries. Additional risks to a portfolio(s) may also include, but are not limited to, those associated with investing in foreign securities, emerging markets, initial public offerings, real estate investment trusts (REITs), derivatives, short sales and companies with relatively small market capitalizations. Each Portfolio has different risks. Please see a Janus prospectus or janus.com/info for more information about risks, portfolio holdings and other details.


Because Janus Capital is the adviser to the Portfolio and to the underlying funds held within the Portfolio, it is subject to certain potential conflicts of interest.


Performance of Janus Aspen Moderate Allocation Portfolio depends on that of the underlying funds, which are subject to the volatility of the financial markets.


Portfolios that invest in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds owned by the portfolio. Unlike owning individual bonds, there are ongoing fees and expenses associated with owning shares of bonds 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 portfolio and selling of bonds within the portfolio by the portfolio manager(s).


Holdings are subject to change without notice.


Returns shown do not represent actual returns since they do not include insurance charges. Returns shown would have been lower had they included insurance charges.


The expense ratios shown reflect estimated annualized expenses that the Portfolio expects to incur during its initial fiscal year.


©2014 Morningstar, Inc. All Rights Reserved.


When an expense waiver is in effect, it may have a material effect on the total return or yield, and therefore the ranking and/or rating for the period.


For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of the funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Morningstar Rating™ may differ among share classes of a mutual fund as a result of different sales loads and/or expense structures. It may be based, in part, on the performance of a predecessor Fund.


Ratings and Rankings are for the share class shown only; other classes may have different performance characteristics.


The Morningstar Style BoxTM reveals a fund's investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).


A Fund's portfolio may differ significantly from the securities held in the index. The index is unmanaged and not available for direct investment; therefore its performance does not reflect the expenses associated with the active management of an actual portfolio.


Janus Aspen Series is sold only through life insurance companies in connection with certain variable annuity contracts, variable annuity life policies, and eligible retirement plans. The trust consists of separate mutual funds, each with its own investment goal and strategy.Consider the investment objectives, risks, and charges and expenses carefully. For product and underlying funds prospectuses containing this and other information for any variable annuity or variable life product that invests in Janus Aspen Series, contact the offering insurance company.


Portfolios distributed by Janus Distributors LLC


Janus International Holding LLC © 2001-2014. All rights reserved.