Janus Diversified Alternatives Fund (JDATX)

Diversified Liquid Alternative Fund Seeking Absolute Returns

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FUND FACTS (JDATX)

Inception Date12/28/2012
NAV (As of 2/24/17)$10.20
Total Net Assets (As of 1/31/17)$63.49M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 1.64%
NET 1.50%

Morningstar Fee Level
(As of 1/31/17)
Fee Level Group
(out of 160 funds)
Alternative No Load

Performance (As of 12/31/16)
1 Year9.00%
3 Year1.98%
Since Inception1.22%
Morningstar (As of 1/31/17)
CategoryUS Fund Multialternative
Overall Rating™
(Based on risk-adjusted returns)

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237 Funds Rated

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. For the most recent month-end performance click here.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/17.

Quarterly Commentary - Q4 2016

EXECUTIVE SUMMARY

The Fund outperformed its benchmarks during the quarter.

The equity value strategy was the leading contributor, while the credit strategy detracted.

The Fund’s models have reduced the weighting to a number of the momentum strategies.

FUND MANAGEMENT

John Fujiwara

John Fujiwara

Fund Manager since 2012
Industry since 1987

Ashwin Alankar, Ph.D.

Ashwin Alankar, Ph.D.

Fund Manager since 2014
Industry since 2001