Janus Diversified Alternatives Fund (JDAIX)

Diversified Liquid Alternative Fund Seeking Absolute Returns



Inception Date12/28/2012
NAV (As of 5/26/17)$10.12
Total Net Assets (As of 4/30/17)$72.18M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 1.40%
NET 1.26%

Morningstar Fee Level
(As of 4/30/17)
Fee Level Group
(out of 433 funds)
Alternative Institutional

Performance (As of 3/31/17)
1 Year4.59%
3 Year2.88%
Since Inception1.35%
Morningstar (As of 4/30/17)
CategoryUS Fund Multialternative
Overall Rating™
(Based on risk-adjusted returns)

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245 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 - Q1 2017


The Fund underperformed its benchmarks during the quarter.

The unwinding of the "Trump Trade" impacted a number of the Fund's strategies, including three of the momentum strategies. The commodity curve strategy was the leading contributor.

The Fund's models have reduced the weighting to a number of the equity strategies.


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