Janus Diversified Alternatives Fund (JDADX)
Diversified Liquid Alternative Fund Seeking Absolute Returns

FUND SNAPSHOT (JDADX)

Who Should Consider This Fund?

Investors looking to reduce the overall volatility of their portfolio. The Fund targets absolute returns with low correlations to stocks and bonds.

Asset ClassAlternatives
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 Date12/28/2012
NAV (As of 1/20/17)$10.03
Daily NAV Change$-0.03
Daily NAV % Change-0.30%
Total Net Assets (As of 12/31/16)$62.87M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 1.82%
NET 1.42%

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

Morningstar (As of 12/31/16)
CategoryUS Fund Multialternative
Overall Rating™
(Based on risk-adjusted returns)
239 Funds Rated
View all Ratings
Performance (As of 12/31/16)
YTD (As of 1/20/17) N/A
1 Year 8.99%
3 Year 1.94%
Since Inception 1.25%

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 liquid alternative fund seeks absolute returns with "true diversification" from stocks and bonds. It invests in a portfolio of eleven return drivers distilled from equities, fixed income, currencies and commodities.  Our risk allocation methodology combines these risk premia baskets with the goal that no one basket dominates overall risk.

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 12/31/16

TOP HOLDINGS (Based on absolute notional exposure)

BNP Commodity Basket Swap Expire 12/30/16
Bloomberg Barclays US Credit RBI(SM) Series 1 Total Return Index Unhedged USD Swap Expire 12/30
DOLLAR INDEX Mar17
US 10YR NOTE (CBT)Mar17
BNP Value Basket Swap Expire 12/30/16
United States Treasury Bill 0 01/12/2017
United States Treasury Bill 0 02/09/2017
United States Treasury Bill 0 03/09/2017
United States Treasury Bill 0 04/13/2017
United States Treasury Bill 0 05/11/2017

Why Invest in the Fund

BROAD EXPOSURE TO RETURN DRIVERS

A portfolio of traditional and non-traditional investable risk factors distilled from traditional asset classes, each a type of risk premium. 

LESS DEPENDENT ON TRADITIONAL MARKETS

A risk premia-based fund managed utilizing a risk allocation methodology that produces a liquid portfolio seeking to deliver consistent, absolute returns with low correlation to stocks and bonds.

A SMOOTHER RIDE

Targets "true diversification" from traditional equity and fixed income markets. Seeks to reduce overall portfolio volatility through diversification while also contributing absolute returns.

FUND MANAGEMENT

John Fujiwara

John Fujiwara

Fund Manager since 2012
Industry since 1987

Ashwin Alankar, Ph.D.

Ashwin Alankar, Ph.D.

Fund Manager since 2014
Industry since 2001