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 5/28/15 )$12.14
Total Net Assets (As of 4/30/15)$543.19M
Annual Expense Ratio
(As of fiscal year end 12/31/14)
GROSS 0.59%
NET 0.57%

Performance (As of 3/31/15)
1 Year4.82%
3 Year4.20%
5 Year5.41%
10 Year6.26%
Morningstar (As of 4/30/15)
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 5/28/15As of 4/30/15As of 3/31/15As of 3/31/15
Inception: Sep 13, 1993
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Institutional Shares 
$12.140.00%1.34%3.70%3.67%5.05%6.11%6.92%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 Index0.80%
(05/27/2015)
4.46%2.60%4.12%4.75%5.62%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 5/1/16.

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
Alpha1.291.37N/AN/A
Beta0.910.891.001.00
R-Squared (%)92.7978.83100.00100.00
Standard Deviation2.702.802.882.80
Sharpe Ratio1.341.780.891.45
Information Ratio1.380.70----

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 4/30/15
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)5626204157232241
Intermediate-Term Bond Category
Rank/Count
605 / 1074260 / 1021194 / 96229 / 8584 / 419606 / 1066229 / 1012206 / 95528 / 8493 / 423

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 4/30/153 YR UP MARKET
CAPTURE
3 YR DOWN MARKET
CAPTURE
5 YR UP MARKET
CAPTURE
5 YR DOWN MARKET
CAPTURE
Janus Aspen Flexible Bond Portfolio110.15%80.83%108.50%82.16%
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%