Janus Aspen Overseas Portfolio (JAIGX)

Data as of 3/31/2014 unless otherwise noted

Portfolio Overview

Opportunities from emerging and developed markets
  • Opportunistic international growth portfolio using a high conviction, long-term approach
  • Seeks industry leading franchises across emerging and developed markets
  • Unconstrained by market capitalization, country and sector


Inception: May 2, 1994
1 Year
3 Year
5 Year
10 Year
Since Portfolio Inception
Institutional Shares
15.92% -3.90% 13.94% 9.78% 10.62%
MSCI All Country World ex-U.S. Index (SM) 12.31% 4.15% 15.52% 7.12% N/A
MSCI EAFE® Index 17.56% 7.21% 16.02% 6.53% 5.34%

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 greater than one year are annualized.

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

Equity Style

Large Blend

Portfolio Analysis

Top Holdings

% of Portfolio

View All Holdings (PDF)

Li & Fung, Ltd. 7.26%
Reliance Industries, Ltd. 5.75%
United Continental Holdings, Inc. 5.36%
Telefonaktiebolaget LM Ericsson - Class B 4.72%
Petroleo Brasileiro SA (ADR) 3.75%
Nintendo Co., Ltd. 3.68%
ARM Holdings PLC 3.46%
Jazz Pharmaceuticals PLC 2.98%
Evergrande Real Estate Group, Ltd. 2.95%
Pacific Rubiales Energy Corp. 2.79%
TOTAL 42.70%

Asset Allocation

% of Portfolio
Asset Allocation Chart
Non-US Common Stock 86.12%
US Common Stock 12.56%
Equity Other 0.03%
Cash & Equivalents 1.29%
Total 100.00%

Sector Allocation

% of Fund
Consumer Discretionary
Information Technology
Health Care
Consumer Staples
Equity Other
Cash & Equivalents
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Brent Lynn

Brent Lynn

Joined Janus 1991
Tenure on fund: Since 2001

"Fundamental research and long-term, high conviction investing are principals we've used successfully over a multi-decade period. While international markets may seem irrational in the short-term, I firmly believe company fundamentals drive share prices over the long-term."

Read More about Brent Lynn

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Overall Morningstar Rating™ (As of 3/31/2014)

2 of 5 stars

of 701

Foreign Large Growth Funds

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 471021709
Inception 05/02/1994
Total Net Assets (as of 03/31/2014) $ 1.4B
Total Number of Equity Issues 66
Total Number of Debt Issues 0
Weighted Average Market Capitalization ($ billion) $ 14.42
Portfolio Turnover Rate 30.40%
Annual Expense Ratios (as of fiscal year-end 12/31/2012)
Gross 0.49%
Net 0.49%
Alpha (3-Year-Fund) -7.89
Beta (3-Year-Fund) 1.26
R-Squared (3-Year-Fund) 80.91%
Sharpe Ratio (3-Year - Fund) -.17
Sharpe Ratio (3-Year - MSCI All Country World ex-U.S. Index (SM)) .24
Standard Deviation (3-Year - Fund) 23.56
Standard Deviation (3-Year - MSCI All Country World ex-U.S. Index (SM)) 16.88

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.

This Portfolio has a performance-based management fee that adjusts up or down based on the Portfolio’s performance relative to an approved benchmark index over a performance measurement period. See the Portfolio’s Prospectus or Statement of Additional Information for more details.

Ratings and/or rankings may be based, in part, on the performance of a predecessor fund or share class and are calculated by Morningstar using a performance calculation methodology that differs from that used by Janus. Differences in the methodologies may lead to variances in calculating total performance returns, in some cases this variance may be significant, thereby potentially affecting the rating/ranking of the Fund[s]. The rating/rankings are displayed for informational purposes only and should not be relied upon when making investment decisions.

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.

Janus Aspen Overseas Portfolio may have significant exposure to emerging markets. In general, emerging market investments have historically been subject to significant gains and/or losses. As such, the Portfolio's returns and NAV may be subject to volatility.

The Portfolio will normally invest at least 80% of its net assets, measured at the time of purchase, in the type of securities described by its name.

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.

©2014 Morningstar, Inc. All Rights Reserved.

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.

Since inception return is not shown since the index's inception date differs significantly from the fund's inception date.

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.