Janus Aspen Flexible Bond Portfolio (JAFLX)
20+ Years of All-Weather, Credit-Driven Fixed Income Investing

SHARE CLASS

PORTFOLIO FACTS (JAFLX)

Inception Date9/13/1993
NAV (As of 4/24/15 )$12.23
Total Net Assets (As of 3/31/15)$541.43M
Annual Expense Ratio
(As of fiscal year end 12/31/13)
GROSS 0.56%
NET 0.56%

Performance (As of 3/31/15)
1 Year4.82%
3 Year4.20%
5 Year5.41%
10 Year6.26%
Morningstar (As of 3/31/15)
CategoryIntermediate-Term Bond
Fixed Income
Style Box

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.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 5/1/15.

PERFORMANCE View Time Period:
As of 4/24/15As of 3/31/15As of 3/31/15As of 3/31/15
Inception: Sep 13, 1993
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Institutional Shares 
$12.230.08%2.09%4.82%4.20%5.41%6.26%6.95%4.82%4.20%5.41%6.26%6.95%4.82%13.13%30.15%83.51%325.72%
Barclays U.S. Aggregate Bond Index1.85%5.72%3.10%4.41%4.93%5.66%5.72%3.10%4.41%4.93%5.66%5.72%9.60%24.10%61.74%227.30%

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.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 5/1/15.

Annual Expense Ratio: Gross: 0.56% / Net: 0.56% View Fees and Expenses

RISK STATISTICS
VS. Barclays U.S. Aggregate Bond Index

VIEW RISK STATISTICS DEFINITIONS

Alpha
Compares the risk-adjusted performance of a portfolio to a benchmark index.
Beta
A measure of the volatility of a portfolio in comparison to a benchmark index.
R-Squared
Represents the percentage of the portfolio’s performance that can be explained by the general movements of a benchmark index.
Standard Deviation
Measures historical volatility.
Sharpe Ratio
Measures risk-adjusted performance by dividing the portfolio’s excess returns by the standard deviation of those returns.
Information Ratio
Measure of a portfolio management’s performance against risk and return relative to a benchmark or alternative measure.
PORTFOLIOINDEX
Alpha1.341.43N/AN/A
Beta0.910.891.001.00
R-Squared (%)92.8778.70100.00100.00
Standard Deviation2.742.822.902.80
Sharpe Ratio1.511.891.051.55
Information Ratio1.410.75----

Statistics are for the Portfolio’s “parent” share class (typically that with the longest history).

MORNINGSTAR PERCENTILEView Time Period:
As of 3/31/15As of 3/31/15
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)5723224157232241
Intermediate-Term Bond Category
Rank/Count
606 / 1066229 / 1012206 / 95528 / 8493 / 423606 / 1066229 / 1012206 / 95528 / 8493 / 423

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 3/31/153 YR UP MARKET
CAPTURE
3 YR DOWN MARKET
CAPTURE
5 YR UP MARKET
CAPTURE
5 YR DOWN MARKET
CAPTURE
Janus Aspen Flexible Bond Portfolio110.48%81.33%109.64%82.58%
Barclays U.S. Aggregate Bond Index100.00%100.00%100.00%100.00%

Statistics are for the Portfolio’s “parent” share class (typically that with the longest history).

ANNUAL FEES & EXPENSES

AS OF FISCAL YEAR END 12/31/2013
INSTITUTIONAL SHARES
Management Fees0.51%
12b-1 FeesN/A
Other Expenses0.05%
Total Gross Expenses0.56%
Waivers0.00%
TOTAL NET EXPENSES0.56%