INTECH International Managed Volatility Fund (JIIDX)
Dynamic Beta for Managing Equity Volatility


Who Should Consider This Fund?

Investors who seek international developed-markets equity exposure with drawdown mitigation in any volatility environment and upside potential when markets are on the rise. The Fund adapts based on actual market volatility seeking to give investors a smoother ride through today’s changing volatility environments.

Asset ClassGlobal/International
Share Class D
target risk aggressive

Funds are placed on the risk tolerance spectrum to demonstrate the wide spectrum of risk levels among asset classes in which they are expected to typically invest. The spectrum is for informational purposes only, is not intended to be forward looking and is subject to change. 

Fund Facts
Inception Date5/2/2007
NAV (As of 4/28/17)$8.13
Daily NAV Change$0.01
Daily NAV % Change0.12%
Total Net Assets (As of 3/31/17)$95.09M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 1.17%
NET 1.10%

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/17.

Morningstar (As of 3/31/17)
CategoryUS Fund Foreign Large Growth
Overall Rating™
(Based on risk-adjusted returns)
324 Funds Rated
View all Ratings
Style Box
Performance (As of 3/31/17)
YTD (As of 4/28/17) 11.83%
1 Year 4.57%
3 Year 0.19%
5 Year 6.97%
Since Inception 0.87%

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.

Returns greater than one year are annualized.

Client Commitment

This long-only, international developed-markets equity fund seeks smaller drawdowns and a smoother ride over time by balancing downside mitigation with upside participation for any market environment. The Fund employs a systematic “dynamic beta” investment approach designed to adjust to changing risk environments, seeking up to 45% less volatility than the MSCI EAFE® Index.

Client Commitment Video

Fund Overview

Data as of 3/31/17. Index represents the MSCI EAFE® Index.

TOP HOLDINGS (% of Fund)

AGL Energy Ltd
CLP Holdings Ltd
Check Point Software Technologies Ltd
Hong Kong & China Gas Co Ltd
Partners Group Holding AG
STMicroelectronics NV
South32 Ltd
Thales SA
adidas AG
TOTAL 14.32


Industrials 18.03 14.31
Consumer Discretionary 17.61 12.24
Financials 16.81 21.28
Materials 12.84 7.92
Information Technology 9.13 5.71
Utilities 7.84 3.40
Real Estate 6.23 3.70
Consumer Staples 3.87 11.38
Energy 3.07 5.00
Health Care 2.41 10.70
Telecommunication Services 1.02 4.36
Cash & Equivalents 1.14 -

Why Invest in the Fund


As risk in the market increases, the portfolio shifts to take a more defensive posture, targeting a lower beta than the index. When risk levels decrease, the portfolio migrates to a more market-like stance, targeting a higher beta, allowing for the full potential to benefit from the upward trend in the market.


INTECH’s dedicated volatility management team, with over 25 years experience, is comprised of experts who have dedicated their life’s work, academic research and careers to developing this disciplined, repeatable and unemotional process based on the sole input of volatility.


Our process is designed to construct a portfolio of long-only stocks with the highest return potential and lowest risk. By seeking a smoother ride, the fund may help investors maintain equity market exposure and have the opportunity to build more wealth over time.