Janus Adaptive Global Allocation Fund (JAGDX)
Global Allocation Fund Informed by Views on Extreme Market Movements

FUND SNAPSHOT (JAGDX)

Who Should Consider This Fund?

Investors looking for a diversified core investment that can potentially anchor their portfolio. The Fund actively allocates between stocks and bonds in an attempt to provide strong risk-adjusted returns over the long-term.

Asset ClassGlobal/International
Asset Allocation
Share Class D
RISK TOLERANCE SPECTRUM
target risk moderate

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 Date6/23/2015
NAV (As of 2/23/17)$10.13
Daily NAV Change$0.00
Daily NAV % Change0.00%
Total Net Assets (As of 1/31/17)$53.86M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 2.70%
NET 1.19%

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

Morningstar (As of 1/31/17)
CategoryUS Fund World Allocation
View all Ratings
Equity
Style Box
Performance (As of 12/31/16)
YTD (As of 2/23/17) 3.90%
1 Year 5.28%
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 global allocation fund seeks to provide investors total return by dynamically allocating its assets across a portfolio of global equity and fixed income investments, which may involve the use of derivatives. The Fund is designed to actively adapt based on forward-looking views on extreme market movements, both positive and negative, with the goal of minimizing the risk of significant loss in a major downturn while participating in the growth potential of capital markets.

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 1/31/17

TOP HOLDINGS (Based on absolute notional exposure)

Vanguard FTSE Emerging Markets ETF 8.86
Vanguard Value ETF 4.26
Vanguard FTSE All World ex-US Small-Cap ETF 4.14
iShares MSCI EAFE Growth ETF 4.07
Vanguard Mid-Cap ETF 4.07
Vanguard Growth ETF 3.87
Vanguard S&P 500 ETF 3.86
iShares Edge MSCI International Value Factor ETF 3.82
Powershares QQQ Trust Series 1 3.78
Vanguard FTSE Europe ETF 3.75
TOTAL44.48

Why Invest in the Fund

CORE SOLUTION

With diversification across global assets and a philosophy concentrated on avoiding large drawdowns while participating in upwards moving markets, the Fund presents a potentially attractive anchor portfolio for an investor. We aim to provide better returns than a 70%/30% global balanced portfolio with lower volatility.

LOOKING PAST THE AVERAGE

Market environments are constantly changing and no two time periods will ever deliver the same experience. We embrace this concept and as such, do not use average risk/return measures in our process, rather we focus on extremes.

ADAPTIVE ALLOCATION

We measure both extreme positive and negative movements known as expected tail gain (ETG) and expected tail loss (ETL). Portfolio construction is driven by the ratio of ETG to ETL, while targeting a desired level of portfolio risk with the goal of maximizing terminal value for investors.

FUND MANAGEMENT

Enrique Chang

Enrique Chang

Fund Manager since 2015
Industry since 1988

Ashwin Alankar, Ph.D.

Ashwin Alankar, Ph.D.

Fund Manager since 2015
Industry since 2001