Janus Global Allocation Fund - Growth (JGCIX)
Formerly Janus Growth Allocation Fund

Data as of 3/31/2014 unless otherwise noted

Fund Overview

A global allocation fund with an aggressive 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


Inception: Dec 30, 2005
1 Year
3 Year
5 Year
10 Year
Since Fund Inception
Class I Shares
14.59% 7.96% 15.84% N/A 7.29%
MSCI All Country World Index (SM) 16.55% 8.55% 17.80% 6.97% 5.72%
Global Growth Allocation Index 13.54% 7.52% 15.34% N/A 5.84%
S&P 500® Index 21.86% 14.66% 21.16% 7.42% 7.30%

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 11/1/14.

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 Fund

View All Holdings (PDF)

Janus International Equity Fund - Class N Shares 16.31%
Janus Global Bond Fund - Class N Shares 14.39%
INTECH International Fund - Class I Shares 10.07%
INTECH U.S. Value Fund - Class I Shares 9.13%
Janus Overseas Fund - Class N Shares 5.35%
Perkins Large Cap Value Fund - Class N Shares 5.18%
Janus Diversified Alternatives Fund - Class N Shares 5.12%
INTECH U.S. Growth Fund - Class I Shares 4.79%
Janus Global Real Estate Fund - Class I Shares 4.23%
Janus Global Research Fund - Class I Shares 4.13%
Total 78.70%
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Fund update:

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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 2005

"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™


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

4 of 5 stars

of 319

World Allocation 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

Fund Facts 

CUSIP 47103A708
Inception 12/30/2005
Total Net Assets (as of 03/31/2014) $ 273.9M
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 (as of fiscal year-end 06/30/2013)
Gross 0.91%
Net 0.91%
Alpha (3-Year-Fund) 0.43
Beta (3-Year-Fund) 0.98
R-Squared (3-Year-Fund) 97.53%
Sharpe Ratio (3-Year - Fund) .65
Sharpe Ratio (3-Year - MSCI All Country World ex-U.S. Index (SM)) .24
Standard Deviation (3-Year - Fund) 11.99
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.

Class I Shares of the Fund commenced operations on 7/6/09. The historical performance shown for periods prior to 7/6/09 reflects the performance of one or more other share classes of the Fund, calculated using the fees and expenses of each respective share class without the effect of any fee and expense limitations and waivers. If each share class of the Fund had been available during periods prior to 7/6/09, the performance shown may have been different. Please refer to the Fund's prospectus for further details concerning historical performance.

A Fund'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 and potential conflicts of interest. Additional risks to a Fund 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, commodity-linked investments, and companies with relatively small market capitalizations. Each Fund has different risks. Please see a Janus prospectus for more information about risks, Fund holdings and other details.

Any portfolio risk management process discussed includes an effort to monitor and manage risk which should not be confused with and does not imply low risk or the ability to control certain risk factors.

The opinions are those of Dan Scherman as of May 2013 and are subject to change at any time due to changes in market or economic conditions. The comments should not be construed as a recommendation of individual holdings or market sectors, but as an illustration of broader themes.

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.

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

A Fund's portfolio may differ significantly from the securities held in the index. An 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.

Performance of Janus Allocation Funds depends on that of the underlying portfolios. They are subject to the volatility of the financial markets in the U.S. and abroad and to the additional risks associated with investments

©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).

Effective 2/15/13 the Fund's secondary benchmark changed from the Growth Allocation Index to the Global Growth Allocation Index.

Janus Distributors LLC

Only eligible investors may purchase Class D and Class I Shares. See the prospectus for eligibility requirements.

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