2018 Foreign Taxes Paid

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2018 Foreign Taxes Paid Foreign taxes paid by a mutual fund and passed through to its shareholders may be eligible for a federal tax deduction or credit. For 2018, the following portfolios qualified for and made the election to pass through foreign taxes paid by each portfolio to investors (the amount shown in Column 27 of the "Janus Henderson VIT ICI Primary Layout 2018" spreadsheet). The percent of ordinary income earned in 2018 (the amount shown in Column 17 of the "Janus Henderson Aspen ICI Primary Layout 2018" spreadsheet) attributable to income from foreign sources is provided below. Country by country reporting is no longer required. VIT Overseas Portfolio

90.69%

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus Henderson at 800.668.0434 or download the file from janushenderson.com/VIT. Read it carefully before you invest or send money. For questions or additional information concerning taxes, please consult your tax attorney or accountant for advice. Portfolios distributed by Janus Henderson Distributors. Janus Henderson is a trademark of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc. C-0219-22534 12-30-19 Janus Henderson Investors 151 Detroit Street, Denver, CO 80206 T (303) 336 4000 janushenderson.com Janus Henderson Distributors

309-00-422534 02-19

2018 Percentage of Dividends Eligible for the Corporate Dividends Received Deduction Mutual fund dividends derived from certain domestic corporations may be eligible for the dividends received deduction (DRD) for corporations. A portion of the ordinary income dividend (Column 14 plus Column 15 of the "Janus Henderson Aspen Series ICI Primary Layout 2018" spreadsheet) paid in 2018 may qualify for this deduction. The table below shows the portion of the ordinary dividends attributable to such domestic corporations. VIT Research Portfolio VIT Enterprise Portfolio VIT Global Research Portfolio VIT Balanced Portfolio VIT Mid Cap Value Portfolio VIT Flexible Bond Portfolio VIT Global Technology Portfolio VIT Overseas Portfolio VIT Forty Portfolio VIT Global Allocation Portfolio – Moderate VIT U.S. Low Volatility Portfolio VIT Global Unconstrained Bond Portfolio

Janus Henderson Investors 151 Detroit Street, Denver, CO 80206 T (303) 336 4000 janushenderson.com Janus Henderson Distributors

100% 100% 70% 64% 91% 0% 33% 0% 56% 0% 100% 11%

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus Henderson at 800.668.0434 or download the file from janushenderson.com/VIT. Read it carefully before you invest or send money. For questions or additional information concerning taxes, please consult your tax attorney or accountant for advice. Janus Henderson VIT Enterprise Portfolio is closed to certain new investors. Effective 4/27/18, the VIT Global Allocation Portfolio - Moderate merged into the VIT Balanced Portfolio. Effective 1/1/19, VIT Global Unconstrained Bond Portfolio is closed to new investors. The Portfolio will liquidate on or about 3/1/19 and may deviate from its stated investment strategies and policies as it prepares for liquidation. See the prospectus supplement for further details. Intech Investment Management LLC and Perkins Investment Management LLC are subsidiaries of Janus Henderson Group plc and serve as the sub-adviser on certain products. Portfolios distributed by Janus Henderson Distributors. Janus Henderson, Intech and Perkins are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc. C-0219-22534 12-30-19

Janus Henderson Investors 151 Detroit Street, Denver, CO 80206 T (303) 336 4000 janushenderson.com Janus Henderson Distributors

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Percentage of Dividends from U.S. Government Obligations for 2018 OTHER DIRECT OBLIGATIONS

Portfolio VIT Research Portfolio VIT Enterprise Portfolio VIT Global Research Portfolio

VIT VIT VIT VIT VIT VIT

Balanced Portfolio Mid Cap Value Portfolio Flexible Bond Portfolio Global Technology Portfolio Overseas Portfolio Forty Portfolio

VIT Global Allocation Portfolio - Moderate ** VIT U.S. Low Volatility Portfolio VIT Global Unconstrained Bond Portfolio

Janus Henderson Investors 151 Detroit Street, Denver, CO 80206 T (303) 336 4000 janushenderson.com Janus Henderson Distributors

US Treasury

Federal Farm Credit Bank

0% 0% 0% 12% 0% 12% 0% 0% 0% 0% 0% 5%

0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Federal Student Loan Home Marketing Loan Bank Association 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

OTHER INDIRECT OBLIGATIONS

Total

Federal Home Loan Mortgage Corporation

Federal National Mortgage Association

Total

0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

0% 0% 0% 3% 0% 10% 0% 0% 0% 0% 0% 0%

0% 0% 0% 7% 0% 20% 0% 0% 0% 0% 0% 0%

0% 0% 0% 10% 0% 30% 0% 0% 0% 0% 0% 0%

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus Henderson at 800.668.0434 or download the file from janushenderson.com/VIT. Read it carefully before you invest or send money. For questions or additional information concerning taxes, please consult your tax attorney or accountant for advice. Janus Henderson VIT Enterprise Portfolio is closed to certain new investors. Effective 4/27/18, the VIT Global Allocation Portfolio - Moderate merged into the VIT Balanced Portfolio. Effective 1/1/19, VIT Global Unconstrained Bond Portfolio is closed to new investors. The Portfolio will liquidate on or about 3/1/19 and may deviate from its stated investment strategies and policies as it prepares for liquidation. See the prospectus supplement for further details. Intech Investment Management LLC and Perkins Investment Management LLC are subsidiaries of Janus Henderson Group plc and serve as the sub-adviser on certain products. Portfolios distributed by Janus Henderson Distributors. Janus Henderson, Intech and Perkins are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc. C-0219-22534 12-30-19

Janus Henderson Investors 151 Detroit Street, Denver, CO 80206 T (303) 336 4000 janushenderson.com Janus Henderson Distributors

309-00-422534 02-19