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 7/2/15 )$11.82
Total Net Assets (As of 5/31/15)$587.74M
Annual Expense Ratio
(As of fiscal year end 12/31/14)
GROSS 0.59%
NET 0.57%

Performance (As of 6/30/15)
1 Year1.27%
3 Year2.85%
5 Year4.54%
10 Year5.84%
Morningstar (As of 5/31/15)
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 5/1/16.

PERFORMANCE View Time Period:
As of 7/2/15As of 6/30/15As of 6/30/15As of 6/30/15
Inception: Sep 13, 1993
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Institutional Shares 
$11.820.17%0.44%1.27%2.85%4.54%5.84%6.81%1.27%2.85%4.54%5.84%6.81%1.27%8.80%24.86%76.47%320.24%
Barclays U.S. Aggregate Bond Index-0.31%1.86%1.83%3.35%4.44%7.76%1.86%1.83%3.35%4.44%N/A1.86%5.58%17.90%54.38%N/A

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 5/1/16.

Annual Expense Ratio: Gross: 0.59% / Net: 0.57% 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
Alpha1.301.52N/AN/A
Beta0.910.901.001.00
R-Squared (%)92.6881.50100.00100.00
Standard Deviation2.692.802.862.81
Sharpe Ratio1.221.790.761.37
Information Ratio1.430.95----

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 5/31/15
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)5029214157232241
Intermediate-Term Bond Category
Rank/Count
540 / 1086294 / 1029196 / 96529 / 8593 / 421606 / 1066229 / 1012206 / 95528 / 8493 / 423

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 5/31/153 YR UP MARKET
CAPTURE
3 YR DOWN MARKET
CAPTURE
5 YR UP MARKET
CAPTURE
5 YR DOWN MARKET
CAPTURE
Janus Aspen Flexible Bond Portfolio110.51%79.47%112.14%81.09%
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 12/31/2014
INSTITUTIONAL SHARES
Management Fees0.51%
12b-1 FeesN/A
Other Expenses0.08%
Total Gross Expenses0.59%
Waivers-0.02%
TOTAL NET EXPENSES0.57%