Janus Aspen Global Technology Portfolio (JGLTX)

Investing in Companies that Benefit from Technology Innovation

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PORTFOLIO FACTS (JGLTX)

Inception Date1/18/2000
NAV (As of 7/2/15 )$7.55
Total Net Assets (As of 5/31/15)$170.80M
Annual Expense Ratio
(As of fiscal year end 12/31/14)
GROSS 0.79%
NET 0.79%

Performance (As of 6/30/15)
1 Year7.96%
3 Year17.95%
5 Year17.13%
10 Year10.99%
Morningstar (As of 5/31/15)
CategoryTechnology
Equity
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.

Quarterly Commentary - Q1 2015

EXECUTIVE SUMMARY

Technology stocks gained over the quarter, largely paced by sector heavyweight Apple.

The Fund outperformed its benchmark, led by our selection of semiconductor and Internet retail stocks.

Internet software and services, along with an out-of benchmark position in consumer finance, detracted from relative results.

We are attracted to several rapidly growing companies offering novel products and services, yet are mindful of valuations,which may have gotten ahead of fundamentals.

PORTFOLIO MANAGEMENT

Brad Slingerlend, CFA

Portfolio Manager since 2011
Industry since 1998

Brinton Johns

Portfolio Manager since 2014
Industry since 2000