INTECH US Core Fund


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Janus Capital Funds Plc

INTECH US Core Fund

31 January 2013

www.janusinternational.com

• The Fund may invest in mortgage and asset-backed securities of the net asset value of the Fund. This financial instrument may be rated below investment grade. • Investing in the above instruments may involve substantial credit/counterparty, market and liquidity risks. If the issuers default, or such securities or their underlying assets, cannot be realised or perform badly, investors’ entire investments may be lost. • The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice. • Investors should not only base on this document alone to make investment decisions and should read the Prospectus including the risk factors for further details.

Investment Focus The Fund seeks long-term growth of capital, by using a mathematical investment strategy designed to capitalize on market volatility to generate excess return over the S&P 500 Index, while managing risk on the downside

Investment Policy

Asset Allocation (% of Portfolio as of 31 December 2012)

It pursues its objective by investing at least 80% of its NAV in equities and equity related securities of US Companies whose market capitalisation is at least equal to the market capitalisation of one of the companies listed in the S&P 500 Index at the time of purchase

Total Equities Cash & Equivalent

Fund Facts (As of 31 January 2013)

Sectors (% of total portfolio as of 31 December 2012)

Base Currency US$ Domicile Ireland Inception Date 25 April 2003 Portfolio Manager INTECH Benchmark Index S&P 500 Index Total Net Assets (US$ Millions) $123.4 NAV (US$) A$acc $19.56 B$acc $17.76 Dealing Daily Published NAV Hong Kong Economic Times, The Standard Management Fee (Class A$acc and Class B$acc) 1.00% p.a Distribution Fee (Class B$acc) 1.00% p.a Contingent Deferred Sales Charge Less than 1 Year 4% (Class B$acc) Less than 2 Years 3% Less than 3 Years 2% Less than 4 Years 1% 4 years onwards 0% Initial Sales Charge (Class A$acc) Up to 5.00% ISIN A$acc IE0032746863 ISIN B$acc IE0032747051 Morningstar Rating A$acc 

Fund Characteristics (As of 31 December 2012) Total Number of Holdings Portfolio Turnover Rate Weighted Average Market Cap (US$ billions) Median Market Cap (US$ billions)

289 86% $63.9 $15.7

Risk Characteristics∆ (Risk/Return Statistics vs. Respective Benchmark as of 31 December 2012) Alpha Beta R-Squared Standard Deviation

-0.75 0.99 97.09 15.34

Tracking Error Sharpe Ratio Information Ratio

2.62 0.64 -0.38

Source: Janus, Three year trailing using Citigroup 3 month Tbill as the risk free rate.



99.51% 0.49%

1 Consumer Discretionary 2 Information Technology 3 Financials 4 Consumer Staples 5 Energy 6 Utilities 7 Industrials 8 Health Care 9 Materials 10 Telecommunication Services

28.30% 13.18% 11.36% 8.07% 7.95% 7.24% 7.14% 6.58% 5.17% 4.52%

9

10

8

1

7 6 5

2 4

3

Five Year Cumulative Return (As of 31 January 2013) 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% -40.0% -50.0%

INTECH US Core Fund Class A$acc S&P 500 Index 2008

2009

2010

2011

2012

Top Holdings (% of Portfolio as of 31 December 2012) Allstate Corp. Apple Inc. Comcast Corp. Cl A Crown Castle International Corp. Gap Inc. Home Depot Inc. Ross Stores Inc. Sherwin-Williams Co. TJX Cos. Walt Disney Co. Total % of Portfolio

1.4% 4.1% 2.9% 1.7% 1.4% 3.3% 2.1% 2.0% 3.1% 1.9% 23.9%

Fund Performance (% as of 31 January 2013) Cumulative Return INTECH US Core Fund A$acc INTECH US Core Fund B$acc S&P 500 Index

1M 4.99 4.90 5.18

3M 6.02 5.71 6.75

Calendar YTD 4.99 4.90 5.18

1Y 14.59 13.41 16.78

3Y 46.30 41.85 48.71

5Y 15.13 9.43 21.51

Since Inception 95.60 77.60 103.32

2012 12.91 11.75 16.00

2011 3.00 1.95 2.11

2010 14.10 12.92 15.06

2009 20.62 19.53 26.46

2008 -37.05 -37.73 -37.00

Source: Janus Fund Accounting. Performance for US dollar share class is computed in US$ on an NAV-to-NAV basis. Investors investing in funds denominated in non-local currency should be aware of risk of exchange rate fluctuations that may cause a loss of principal. The fund is generally operated in US Dollars. Each fund converts Euro/Pound Sterling it receives into US Dollars for investment purposes, and converts US Dollars into Euro/Pound Sterling as appropriate. Where and to the extent that is appropriate, the Euro/Pound Sterling share class currency exposure against the US Dollar may be hedged. Janus Capital Funds Plc is a UCITS established under Irish law, with segregated liability between funds. INTECH acts as sub-adviser to Janus Capital International Limited. Investors are warned that they should only make their investments based on the most recent Prospectus which contains information about fees, expenses and risks, which is available from all distributors and paying agents, it should be read carefully. An investment in the Fund may not be suitable for all investors and is not available to all investors in all jurisdictions; it is not available to US persons. Issued by Janus Capital International Limited, authorised and regulated by the Financial Services Authority and in Hong Kong by Janus Capital Asia Limited, licensed and regulated by the Securities and Futures Commission (“SFC”). This material has not been reviewed by the SFC. SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. This is not a solicitation for the sale of shares other than pursuant to an agreement in compliance with applicable laws, rules and regulations and is not intended as investment advice. The distribution of this document or the information contained in it may be restricted by law and may not be used in any jurisdiction or any circumstances in which its use would be unlawful. It is the intermediary’s responsibility to determine the extent it may pass on this document or the information contained in it to any third party under relevant law, and to comply with all such law. Janus is not responsible for any unlawful distribution of this document to any third parties. Past performance is no guarantee of future results. There is no assurance that the investment process will consistently lead to successful investing. The rate of return may vary and the principal value of an investment will fluctuate due to market and foreign exchange movements. Shares, if redeemed, may be worth more or less than their original cost. Portfolio holdings are subject to change without notice. There is no assurance that any Janus Fund currently holds the security/securities mentioned. Risk characteristics for all funds have been calculated over a 3 year period. Since inception performance data for the benchmark is based on inception of a fund’s A share class. Total returns assume reinvestment of dividends. Yield data reflects the average annual dividends provided by the underlying investments of a portfolio. Yield data is not an accurate measure of total return and does not factor in any changes in value of the underlying fixed income investments. Some of the Janus Capital Funds Plc (JCF) funds seek to achieve their investment objective through a concentrated investment approach. Due to their concentrated nature these Funds’ performance will be impacted more by movements in any one holding than a diversified fund would be. This means that the Funds’ performances are likely to fluctuate more than a diversified fund would. A fund’s portfolio manager’s tenure is described in its factsheet. The Fund may invest in Financial derivatives instruments (“FDI”) for investment purposes. Given the leverage effect of FDIs, such investments may result in total or substantial loss. Examples of FDIs that the Funds may purchase from time to time include: futures, swaps, options and warrants. The price of FDIs may move in unexpected ways, especially in abnormal market conditions. FDIs involve other risks of loss, such as credit, currency, leverage, counterparty, liquidity, index, settlement default and interest risks. Increased margin calls and unlimited risk of loss are also risks which may arise through the use of FDI as is the potential inability to terminate or sell FDI positions. The fund’s investments involve emerging market. Owing to its potentially higher volatility and risk levels, as well as lower political and economic stability than developed markets, asset values could be affected in various levels. The risk profile of high yield securities may be higher than that of investment grade securities. High yield bonds, also known as “junk bonds” are subject to additional risks such as the increased risk of default. In preparing this document, Janus has relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. Copyright © 2012 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings shown may differ between Asia, the Americas and Europe, as well as between the US$ and Euro/Pound Sterling share classes of the Janus Capital Funds Plc. The Euro/Pound Sterling share class is a fully hedged share class, however, due to Morningstar’s calculation methodology, the Morningstar ratings for the Euro/Pound Sterling share classes will fluctuate in line with the US$ and Euro/Pound Sterling exchange rate. Therefore Morningstar’s rating for the Euro/Pound Sterling share classes may not be an accurate reflection of underlying fund performance. All funds with the required track record are rated but only ratings of three stars and above are being displayed. Standard & Poor’s (“S&P”) bases its ratings on current information furnished to S&P by the fund or obtained from sources which S&P considers reliable. Funds rated in the AAA to A categories demonstrate to S&P an ability to provide above average returns over a long term period (relative to funds in the same sector) along with a strong ability to adhere to a consistent investment process. The differentiation in the rating categories is based on S&P’s assessment of the investment process and management. The rating does not address the market, credit or counter party risk of a fund, nor a fund’s suitability as a counter party or obligor. Credit ratings are provided by S&P. Not rated securities are not rated by S&P but may be rated by other rating agencies. Investors are advised to consult your intermediary who will give you advice on the product suitability and help you determine how your investment would be consistent with your own investment objectives. The investment decisions are yours and an investment in the Fund may not be suitable for everyone. If in doubt, please contact your intermediary for clarification. Janus International Holding LLC. All rights reserved. EH1212(24T)0613.HK.retail