Fact Sheet

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3Q17 Global & International Equity

Global Income Managed Volatility Fund D: JGDDX

as of 9/30/17

This long-only, global 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 versus the MSCI World High Dividend Yield Index.

X

SMALL

MID

LARGE

Fund Description

INVESTMENT STYLE

VALUE

BLEND GROWTH

MARKET CAPITALIZATION

Morningstar Style Box™ Category World Large Stock

Portfolio Management

Performance (%)

Sub-advised by Intech Investment Management LLC

Class D Shares

1.70

MSCI World IndexSM

4.84

MSCI World High Dividend Yield Index

4.43

14.15

Adrian Banner, Ph.D. Vassilios Papathanakos, Ph.D. Phillip Whitman, Ph.D. Joseph Runnels, CFA

Fund Characteristics Inception Date

12/15/11

Assets

$216.59M

3Q17

YTD

5 yr

10 yr

Since Inception (12/15/11)

8.34

9.80

—

10.51

7.69

10.99

—

12.43

5.90

9.00

—

10.23

1 yr

3 yr

13.65

9.45

16.01

18.17 13.79

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 call 800.525.3713 or visit janushenderson.com/allfunds.

Calendar Year Returns (%)

2012

2013

2014

2015

2016

Number of Holdings Equity Issues

147

Turnover (1 year trailing)

44.35%

Class D Shares

11.90

20.72

-0.99

7.78

5.64

Weighted Average Market Cap

$45.14B

MSCI World High Dividend Yield Index

12.24

21.91

2.48

-3.20

9.29

Distribution Frequency

Monthly

30-Day SEC Yield (%) With Without Waivers Waivers Class D

2.65

Class D Shares

MSCI World High Dividend Yield Index

$20,000

$17,845 $17,583

2.48

Expense Ratios (%) Class D

Hypothetical Growth of $10,000 Since Inception

Gross

Net

1.33

0.64

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

$10,000

$0 12/15/11 Source: Morningstar, Inc.

2013

2015

9/30/17

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized. Continued on back page.

Global Income Managed Volatility Fund (as of 9/30/17) Risk Statistics (3 Year) Alpha Beta R-squared (%)

—

Developed vs. Emerging Market Exposure (%)

Fund

0.58

1.00

U.S.

50.63

49.35

48.40

100.00

Non-U.S. Developed

47.74

50.65

Sector Allocation (%)

Fund

Index

Utilities

33.72

7.62

Fund

Index

4.95

Index

Standard Deviation

8.07

9.75

Sharpe Ratio

1.01

0.58

Top Countries (%)

Fund

Index

Consolidated Edison Inc

United States

50.63

49.35

Daito Trust Construction Co Ltd

Hong Kong

16.68

2.26

Kimberly-Clark Corp

Japan

10.46

3.20

Lockheed Martin Corp

Canada

3.92

5.79

McDonald's Corp

United Kingdom

3.89

9.16

PG&E Corp

Australia

3.72

1.93

Power Assets Holdings Ltd

Singapore

2.75

1.36

Southern Co

France

2.25

5.68

Switzerland

1.69

9.78

New Zealand

1.04

0.13

Regions (%)

Consumer Discretionary

16.87

8.42

Fund

Index

Consumer Staples

12.63

18.34

North America

54.56

55.14

Industrials

8.16

10.41

Asia/Pacific Ex Japan

24.19

5.69

Financials

6.68

12.24

Japan

10.46

3.20

Telecommunication Services

6.28

5.51

Europe

9.16

35.97

Real Estate

5.41

1.12

Health Care

5.11

14.85

Energy

1.78

7.78

Information Technology

1.37

7.89

Materials

0.36

5.82

Cash & Equivalents

1.63

—

Statistics are for Class I Shares.

British American Tobacco PLC CLP Holdings Ltd

Market Capitalization Range of Equity Holdings (%)

Fund

Index

Over $100B

13.32

50.25

$25B to $100B

37.30

33.68

$15B to $25B

16.49

5.73

$2B to $15B

31.25

10.32

0.01

0.02

Under $2B

Top Holdings (39.16% of Fund)

For more information, please visit janushenderson.com. Index represents the MSCI World High Dividend Yield Index. Holdings are subject to change without notice. For a complete list of holdings as of the most recent publicly available disclosure period, visit janushenderson.com/reports. Equity country, regional, sector and industry weights based on MSCI and GICS classifications. Fixed income country, regional, sector and industry weights based on Barclays classifications. Investing involves market risk and it is possible to lose money by investing. Investment return and value will fluctuate in response to issuer, political, market and economic developments, which can affect a single issuer, issuers within an industry, economic sector or geographic region, or the market as a whole. Foreign securities are subject to additional risks including currency fluctuations, political and economic uncertainty, increased volatility, lower liquidity and differing financial and information reporting standards, all of which are magnified in emerging markets. Real estate securities, including Real Estate Investment Trusts (REITs) may be subject to additional risks, including interest rate, management, tax, economic, environmental and concentration risks. Intech's focus on managed volatility may keep the Fund from achieving excess returns over its index. The strategy may underperform during certain periods of up markets, and may not achieve the desired level of protection in down markets. Index performance does not reflect the expenses of managing a portfolio as an index is unmanaged and not available for direct investment. MSCI World IndexSM reflects the equity market performance of global developed markets. MSCI World High Dividend Yield IndexSM reflects the performance of high dividend yield securities from global developed markets. Alpha compares risk-adjusted

performance relative to an index. Positive alpha means outperformance on a riskadjusted basis. Beta measures the volatility of a security or portfolio relative to an index. Less than one means lower volatility than the index; more than one means greater volatility. R-squared (R2) measures the relationship between portfolio and index performance on a scale of 0.00 (0%) to 1.00 (100%). A higher R2 indicates more of the portfolio's performance is affected by market movements and vice versa. Standard Deviation measures historical volatility. Higher standard deviation implies greater volatility. Sharpe Ratio measures risk-adjusted performance using excess returns versus the "risk-free" rate and the volatility of those returns. A higher ratio means better return per unit of risk.

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 800.525.3713 or download the file from janushenderson.com/reports. Read it carefully before you invest or send money. Intech Investment Management LLC is a subsidiary of Janus Henderson Group plc and serves as the sub-adviser on certain products. Janus Henderson and Intech are trademarks or registered trademarks of Janus Henderson Investors. © Janus Henderson Investors. The name Janus Henderson Investors includes HGI Group Limited, Henderson Global Investors (Brand Management) Sarl and Janus International Holding LLC. Janus Henderson Distributors C-0917-12557 01-15-18 298-15-27761 10-17