Janus Aspen Global Allocation Portfolio - Moderate (JMAPX)
Disciplined Global Allocation Seeking Risk-Adjusted Growth



Inception Date8/31/2011
NAV (As of 3/27/15 )$12.36
Total Net Assets (As of 2/28/15)$11.79M
Annual Expense Ratio
(As of fiscal year end 12/31/13)
GROSS 3.73%
NET 1.05%

Performance (As of 12/31/14)
1 Year3.29%
3 Year11.09%
Since Inception9.80%
Morningstar (As of 2/28/15)
CategoryWorld Allocation
Style Box
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.

Quarterly Commentary - Q4 2014


The U.S. equity sleeve outperformed due to our stock selection in health care and information technology as well as our underweight in the energy sector.

The fixed income sleeve’s underperformance was driven partly by our overweight in corporate credit, specifically an overweight in the energy sector.

The environment for equities should continue to be favorable provided U.S. economic growth remains steady. However, we have assumed a more defensive positioning in fixed income.

Going forward, we are overweight equities versus fixed income as we believe that asset class offers better risk-adjusted opportunities at this juncture.


Enrique Chang

Enrique Chang

Portfolio Manager since 2014
Industry since 1988

Ashwin Alankar, Ph.D.

Portfolio Manager since 2014
Industry since 2003