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

SHARE CLASS

PORTFOLIO FACTS (JMAPX)

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
Equity
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Fixed Income
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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.

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 3/27/15As of 2/28/15As of 12/31/14As of 12/31/14
Inception: Aug 31, 2011
PRICE1 DAY
RETURN

YTD
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Institutional Shares 
$12.360.32%2.40%4.83%8.38%N/AN/A10.17%3.29%11.09%N/AN/A9.80%3.29%37.10%N/AN/A36.57%
MSCI All Country World IndexSM2.33%7.55%11.57%10.71%6.37%12.26%4.16%14.10%9.17%6.09%11.60%4.16%48.54%55.07%80.64%44.18%
Global Moderate Allocation Index0.82%3.36%6.86%7.50%5.54%7.25%2.78%8.68%6.73%5.38%6.98%2.78%28.35%38.47%68.90%25.23%

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: 3.73% / Net: 1.05% View Fees and Expenses

RISK STATISTICS
VS. MSCI All Country World IndexSM

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
Alpha1.23--N/AN/A
Beta0.61--1.001.00
R-Squared (%)93.48--100.00100.00
Standard Deviation6.62--10.4614.58
Sharpe Ratio1.26--1.100.73
Information Ratio-0.73------

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

MORNINGSTAR PERCENTILEView Time Period:
As of 12/31/14As of 2/28/15
1 YR3 YR5 YR10 YRSINCE
INCEPTION
Percentile Ranking (%)2834N/AN/A162721N/AN/A15
World Allocation Category
Rank/Count
154 / 550162 / 472N/A / N/AN/A / N/A70 / 431147 / 54796 / 457N/A / N/AN/A / N/A62 / 428

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

UP AND DOWN MARKET CAPTURE

AS OF 2/28/153 YR UP MARKET
CAPTURE
3 YR DOWN MARKET
CAPTURE
5 YR UP MARKET
CAPTURE
5 YR DOWN MARKET
CAPTURE
Janus Aspen Global Allocation Portfolio - Moderate65.20%61.72%----
MSCI All Country World IndexSM100.00%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 Fees0.05%
12b-1 FeesN/A
Other Expenses3.68%
Total Gross Expenses3.73%
Waivers-2.68%
TOTAL NET EXPENSES1.05%