Janus Aspen Enterprise Portfolio (JAAGX)
Moderate Mid-Cap Growth Equities

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PORTFOLIO FACTS (JAAGX)

Inception Date9/13/1993
NAV (As of 3/26/15 )$65.38
Total Net Assets (As of 2/28/15)$734.09M
Annual Expense Ratio
(As of fiscal year end 12/31/13)
GROSS 0.69%
NET 0.69%

Performance (As of 12/31/14)
1 Year12.52%
3 Year20.44%
5 Year16.73%
10 Year10.65%
Morningstar (As of 2/28/15)
CategoryMid-Cap Growth
Analyst RatingBronze
Equity
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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.

Quarterly Commentary - Q4 2014

EXECUTIVE SUMMARY

Mid-cap equities climbed higher but were volatile during the period.

The Portfolio outperformed its benchmark this quarter. Relative outperformance was driven largely by stock selection in the energy and technology sectors.

Heading into the new year, we think a strengthening economy and subdued inflation are a favorable investment backdrop for equities.

PORTFOLIO MANAGEMENT

Brian Demain, CFA

Portfolio Manager since 2007
Industry since 1999