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Exhibit 99.1
July 14, 2009
JANUS CAPITAL GROUP INC. ANNOUNCES
SECOND QUARTER 2009 RESULTS,
INTERIM CEO AND CAPITAL RAISE
Second quarter earnings from continuing operations of $0.10 per diluted share
Long-term net flows of $2.3 billion for the quarter
65%, 84% and 85% of firmwide mutual funds outperformed their
Lipper peer group medians for 1-, 3- and 5-years(1)
Gary Black steps down as CEO; Tim Armour named interim CEO
DENVER—Janus Capital Group Inc. ("JCG") (NYSE: JNS) today announced strong second quarter earnings, the appointment of Tim Armour as interim chief executive officer, and the intent to raise capital through a public offering of common stock and convertible debt. A separate press release was issued today providing details about the proposed capital raise.
Second Quarter 2009 Earnings Results
JCG today reported second quarter net income from continuing operations of $15.8 million, or $0.10 per diluted share, compared with a net loss from continuing operations of $818.1 million, or $5.22 per diluted share in the first quarter 2009 and net income from continuing operations of $65.6 million, or $0.40 per diluted share, in the second quarter 2008. First quarter 2009 included a goodwill and intangible asset impairment charge of $856.7 million, or $5.21 per diluted share, a litigation charge of $7.5 million, or $0.03 per diluted share, and a non-operating impairment charge on unconsolidated seed capital investments of $0.03 per diluted share. The company's operating margin for the second quarter 2009 was 23.5% compared with 34.5% for the second quarter 2008.
- (1)
- Strong relative performance is not indicative of positive fund returns. Year-to-date absolute performance for some funds is negative. Funds included in the analysis are Janus Retail (JIF), Janus Adviser Series Class S Shares (JAD) and Janus Aspen Series Institutional Shares (JAS). The number of funds in each trust is 26, 24 and 12, respectively. Complete Lipper rankings are based on total returns and are on pages 12 and 13.
1
Appointment of Tim Armour as Interim CEO, Replacing Gary Black
The JCG Board of Directors also announced today that Gary Black has resigned as chief executive officer, effective July 13, 2009. Tim Armour, a Janus Capital Group Director, has been named chief executive officer on an interim basis.
"After much consideration, Gary and the Board have come to the mutual decision that the time is right to bring new leadership to Janus," said Steve Scheid, chairman of the Janus Capital Group Board of Directors. "During Gary's tenure Janus made significant progress on its goals, including strengthening the firm's investment performance and risk-management, revitalizing the Janus brand, generating positive net flows, and building out the firm's product and global distribution platforms. We thank him for his dedication in helping build Janus into a world-class investment organization and wish him well in his future endeavors."
"The firm is in a much stronger place than when I joined, and the time is right for a change," said Black. "Long-term performance is strong, flows have rebounded, we have a broad diversified product platform, and we've built a global distribution footprint across both the intermediary and institutional channels that is gaining market share. I'm proud of the progress Janus has made during the last five years and I am confident that the firm is well positioned to build on that success going forward."
The firm will take a $12.1 million charge, including approximately $6.8 million of cash and $5.3 million of non-cash consideration for the acceleration of Mr. Black's unvested stock, options and mutual fund share awards. The charge will be reflected in the company's third quarter results.
Armour, 60, has more than 20 years of investment industry experience, including 10 years as a senior executive at Morningstar and five years as president of Stein Roe Farnham's mutual fund division. Armour joined the Janus Capital Group Board in March 2008 and served on the Board's strategic planning committee, working closely with Janus' executive leadership on the firm's strategy. Tim will assume day-to-day management of the company and assist the Board with the recruitment of a permanent successor.
"We're bullish about the future of Janus," said CEO Tim Armour. "Despite the challenging economic environment, the fundamentals of our business are strong thanks to strong long-term investment performance, expanded distribution and positive flows. These important achievements position the firm very competitively as we move forward and the market improves."
"Tim's industry experience, combined with his role on the strategic planning committee, will help make this transition seamless," said Scheid. "Importantly, Tim has worked closely with Janus' leadership team, including Janus' co-chief investment officers. We don't anticipate any changes to the investment process or the structure of the investment team, which is serving our shareholders and clients extraordinarily well."
The Janus investment team will continue to report to co-chief investment officers, Jonathan Coleman and Gibson Smith, who have managed Janus' investment team since early 2006 and have been at Janus for 15 and eight years, respectively. INTECH and Perkins Investment Management will continue to be managed independently under their existing leadership structures.
Capital Raise and Tender Offer
JCG also announced today that it intends to concurrently offer $150 million in common shares and $150 million of convertible senior notes due 2014 and that it is offering to repurchase approximately $400 million of the principal amount of outstanding debt in a tender offer.
2
Flows and Assets Under Management
Average assets under management during the second quarter increased 12.0% to $126.7 billion compared with $113.1 billion during the first quarter 2009. At June 30, 2009, the company's total assets under management were $132.6 billion compared with $110.9 billion at March 31, 2009, and $191.8 billion at June 30, 2008. The increase in firmwide assets during the second quarter reflects $20.0 billion of net market appreciation and long-term net inflows of $2.3 billion.
Investment Performance
Relative long-term investment performance remained strong with approximately 65%, 84% and 85% of firmwide mutual funds in the top half of their Lipper categories on a one-, three- and five-year total-return basis, respectively, as of June 30, 2009.(2) In addition, 64% of firmwide mutual funds have a 4- or 5-star Overall Morningstar Rating™ at June 30, 2009.(3)
Janus-managed equity mutual funds continue to outperform the majority of peers with 61%, 88% and 82% of equity mutual funds ranking in the top half of their Lipper categories on a one-, three- and five-year total return basis, respectively, as of June 30, 2009.(2)
INTECH's near-term relative investment performance was weak, while longer-term performance remained strong with 33%, 56%, 86% of strategies outperforming their respective benchmarks over the one-, three- and five-year periods, as of June 30, 2009.
Perkins continues to deliver exceptional investment performance with the Mid Cap Value Fund ranked in the top 16% and Small Cap Value Fund ranked in the top 10% of their respective Lipper categories across the one-, three- and five-year periods on a total-return basis as of June 30, 2009.(4)
- (2)
- Strong relative performance is not indicative of positive fund returns. Year-to-date absolute performance for some funds is negative. Funds included in the analysis are JIF, JAD and JAS. The number of funds in each trust is 26, 24 and 12, respectively. Complete Lipper rankings are based on total returns and are on pages 12 and 13.
- (3)
- Funds included in the Morningstar analysis were JIF, JAD and JAS with at least a three-year history. Morningstar rankings are based on risk-adjusted returns. Complete Morningstar ratings are on pages 14-16.
- (4)
- Rankings are for the "JIF" investor share class only; other classes may have different performance characteristics. See pages 11 and 12 for complete Lipper rankings. Janus Mid Cap Value Fund and Janus Small Cap Value Fund changed names and are now Perkins Mid Cap Value Fund and Perkins Small Cap Value Fund, respectively.
3
Financial Highlights
(dollars in millions, except per share data or as noted)
| | | | | | | | | | |
| | Three Months Ended | |
|---|
| | June 30,
2009 | | March 31,
2009 | | June 30,
2008 | |
|---|
Continuing Operations (Investment Management) | | | | | | | | | | |
Average Assets (in billions) | | $ | 126.7 | | $ | 113.1 | | $ | 200.1 | |
Ending AUM (in billions) | | $ | 132.6 | | $ | 110.9 | | $ | 191.8 | |
Revenues | | $ | 200.2 | | $ | 170.3 | | $ | 304.2 | |
Operating Expenses* | | $ | 153.2 | | $ | 1,000.1 | | $ | 199.1 | |
Operating Income (Loss)* | | $ | 47.0 | | $ | (829.8 | ) | $ | 105.1 | |
Operating Margin* | | | 23.5 | % | | -487.3 | % | | 34.5 | % |
Net Income (Loss)* | | $ | 15.8 | | $ | (818.1 | ) | $ | 65.6 | |
Diluted Earnings (Loss) per Share* | | $ | 0.10 | | $ | (5.22 | ) | $ | 0.40 | |
- *
- First quarter 2009 results include goodwill and intangible asset impairment charges totaling $856.7 million, or $5.21 loss per diluted share. The intangible asset impairment charge has an associated non-cash tax benefit of $40.6 million.
Second quarter 2009 revenues of $200.2 million increased 17.6% from first quarter 2009 from higher average assets under management, driven primarily by improving global markets and mutual fund performance fees. Quarter-over-quarter operating expenses, excluding the first quarter 2009 goodwill and intangible asset impairment and litigation charges, increased in the second quarter as a result of higher revenue-based expenses and costs associated with the previously announced July 2009 merger of two of JCG's domestic mutual fund trusts.
Capital and Liquidity
At June 30, 2009, JCG had stockholders' equity of $718 million, cash and investments of $331 million and $1.1 billion of outstanding debt.
Second Quarter 2009 Earnings Call Information
JCG will discuss its results during a conference call on Tuesday, July 14 at 5:30 p.m. Eastern Daylight Time. The call-in number will be 877-301-7574. Anyone outside the U.S. or Canada should call 706-643-3623. The slides used during the presentation will be available in the investor relations section of the Janus Capital Group Web site (www.janus.com/ir) approximately one hour prior to the call. For those unable to join the conference call at the scheduled time, an audio replay will be available on www.janus.com/ir.
About Janus Capital Group Inc.
Janus Capital Group Inc. (JCG) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and risk-managed equities, fixed income and alternatives through one common distribution platform.
At the end of June 2009, JCG managed $132.6 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Tokyo, Hong Kong and Singapore.
4
Contacts:
Shelley Peterson, 303-316-5625
Scott Grace, 303-394-7709
###
Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call JCG at (800) 525-3713 or download the file from www.janus.com. Read it carefully before you invest or send money.
5
This presentation should not be considered sales material and is not an offer or a solicitation for any securities. Performance information in this material is based on assets that existed prior to the previously announced July 6, 2009 JCG domestic mutual fund trust merger.
Data presented reflects past performance, which is no guarantee of future results. Rankings referenced exclude money markets.
Funds distributed by Janus Distributors LLC (6/09).
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", "may increase", "may fluctuate", "forecast" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. These statements are based on the beliefs and assumptions of Company management based on information currently available to management.
Various risks, uncertainties, assumptions and factors that could cause future results to differ materially from those expressed by the forward-looking statements included in this press release include, but are not limited to, risks associated with the appointment of an interim CEO and our ability to identify a permanent CEO and resulting potential disruptions to the Company and our business, risks associated with our proposed capital raising transaction and related debt tender offer, including whether such offers and tender offers will be successful and on what terms they may be completed, and other risks, uncertainties, assumptions and factors specified in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 included under headings such as "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and in other filings and furnishings made by the Company with the SEC from time to time. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. Many of these factors are beyond the control of the Company and its management. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except for the Company's ongoing obligations to disclose material information under the federal securities laws, the Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required by law.
6
JANUS CAPITAL GROUP INC.
UNAUDITED
CONSOLIDATED STATEMENTS OF INCOME
(dollars in millions, except per share data or as noted)
| | | | | | | | | | | | |
| | Three Months Ended | |
|---|
| | June 30,
2009 | | March 31,
2009 | | June 30,
2008 | |
|---|
Revenues: | | | | | | | | | | |
| | Investment management fees | | $ | 159.8 | | $ | 136.8 | | $ | 239.8 | |
| | Performance fees | | | 6.5 | | | 3.4 | | | 11.6 | |
| | Shareowner servicing fees and other | | | 33.9 | | | 30.1 | | | 52.8 | |
| | | | | | | | |
| | | Total | | | 200.2 | | | 170.3 | | | 304.2 | |
| | | | | | | | |
Operating Expenses: | | | | | | | | | | |
| | Employee compensation and benefits | | | 66.2 | | | 62.2 | | | 91.6 | |
| | Long-term incentive compensation | | | 14.0 | | | 13.4 | | | 12.5 | |
| | Marketing and advertising | | | 8.2 | | | 5.6 | | | 8.7 | |
| | Distribution | | | 25.4 | | | 20.1 | | | 38.2 | |
| | Depreciation and amortization | | | 8.0 | | | 8.9 | | | 10.7 | |
| | General, administrative and occupancy | | | 31.4 | | | 33.2 | | | 37.4 | |
| | Goodwill impairment* | | | — | | | 856.7 | | | — | |
| | | | | | | | |
| | | Total | | | 153.2 | | | 1,000.1 | | | 199.1 | |
| | | | | | | | |
Operating income (loss)* | | | 47.0 | | | (829.8 | ) | | 105.1 | |
Interest expense | | | (19.7 | ) | | (19.9 | ) | | (18.8 | ) |
Investment gains (losses), net | | | 0.3 | | | (7.2 | ) | | 3.0 | |
Other income, net | | | 0.4 | | | — | | | 1.0 | |
Income tax provision* | | | (8.8 | ) | | 41.3 | | | (23.8 | ) |
Equity in earnings of unconsolidated affiliate | | | — | | | — | | | 2.3 | |
| | | | | | | | |
Income (loss) from Continuing Operations* | | | 19.2 | | | (815.6 | ) | | 68.8 | |
Income from Discontinued Operations | | | — | | | — | | | 0.7 | |
| | | | | | | | |
Net income (loss)* | | | 19.2 | | | (815.6 | ) | | 69.5 | |
Noncontrolling interest | | | (3.4 | ) | | (2.5 | ) | | (3.2 | ) |
| | | | | | | | |
Net income (loss) attributable to JCG* | | $ | 15.8 | | $ | (818.1 | ) | $ | 66.3 | |
| | | | | | | | |
Diluted weighted average shares outstanding (in millions) | | |
158.9 | | |
156.6 | | |
162.4 | |
Diluted earnings (loss) per share attributable to JCG common shareholders: | | | | | | | | | | |
| | Continuing operations* | | $ | 0.10 | | $ | (5.22 | ) | $ | 0.40 | |
| | Discontinued operations | | | — | | | — | | | 0.00 | |
| | | | | | | | |
| | Diluted earnings per share* | | $ | 0.10 | | $ | (5.22 | ) | $ | 0.41 | |
| | | | | | | | |
Amounts attributable to JCG common shareholders: | | | | | | | | | | |
| | Income (loss) from Continuing Operations* | | $ | 15.8 | | $ | (818.1 | ) | $ | 65.6 | |
| | Income from Discontinued Operations | | | — | | | — | | | 0.7 | |
| | | | | | | | |
| | Net income* | | $ | 15.8 | | $ | (818.1 | ) | $ | 66.3 | |
| | | | | | | | |
Average Assets Under Management(in billions) | | $ | 126.7 | | $ | 113.1 | | $ | 200.1 | |
- *
- First quarter 2009 results include non-cash goodwill and intangible asset impairment charges totaling $856.7 million, or $5.21 loss per diluted share. The intangible asset impairment charge has an associated non-cash tax benefit of $40.6 million.
7
JANUS CAPITAL GROUP INC.
PRELIMINARY AND UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(dollars in millions)
| | | | | | | | | |
| | June 30,
2009 | | December 31,
2008 | |
|---|
Assets | | | | | | | |
| | Cash and cash equivalents | | $ | 218.7 | | $ | 282.6 | |
| | Marketable securities | | | 112.1 | | | 125.3 | |
| | Other assets | | | 260.6 | | | 236.2 | |
| | Property and equipment, net | | | 53.3 | | | 51.1 | |
| | Intangibles and goodwill, net | | | 1,780.0 | | | 2,641.5 | |
| | | | | | |
| | | Total Assets | | $ | 2,424.7 | | $ | 3,336.7 | |
| | | | | | |
Liabilities and Stockholders' Equity | | | | | | | |
| | Debt | | $ | 1,106.1 | | $ | 1,128.0 | |
| | Other liabilities | | | 248.1 | | | 303.8 | |
| | Deferred income taxes | | | 352.4 | | | 388.1 | |
| | Stockholders' equity | | | 718.1 | | | 1,516.8 | |
| | | | | | |
| | | Total Liabilities and Stockholders' Equity | | $ | 2,424.7 | | $ | 3,336.7 | |
| | | | | | |
UNAUDITED CONDENSED CASH FLOW INFORMATION
CONTINUING OPERATIONS
(dollars in millions)
| | | | | | | | | | | | |
| | Three Months Ended | |
|---|
| | June 30,
2009 | | March 31,
2009 | | June 30,
2008 | |
|---|
Cash provided by (used in): | | | | | | | | | | |
| | Operating activities | | $ | 47.4 | | $ | (27.4 | ) | $ | 78.8 | |
| | Investing activities | | | (27.6 | ) | | (17.6 | ) | | 6.9 | |
| | Financing activities | | | (33.2 | ) | | (5.5 | ) | | (80.3 | ) |
| | | | | | | | |
| | | Net change during period | | $ | (13.4 | ) | $ | (50.5 | ) | $ | 5.4 | |
| | | | | | | | |
8
JANUS CAPITAL GROUP INC.
ASSETS & FLOWS BY INVESTMENT DISCIPLINE
(dollars in billions)
| | | | | | | | | | | |
| | Three Months Ended | |
|---|
| | June 30, 2009 | | March 31, 2009 | | June 30, 2008 | |
|---|
Growth/Blend | | | | | | | | | | |
| | Beginning of period assets | | $ | 46.6 | | $ | 49.5 | | $ | 76.8 | |
| | Sales | | | 3.3 | | | 2.4 | | | 8.9 | |
| | Redemptions | | | 2.6 | | | 3.4 | | | 4.7 | |
| | | | | | | | |
| | Net sales (redemptions) | | | 0.7 | | | (1.0 | ) | | 4.2 | |
| | Market / fund performance | | | 9.1 | | | (2.0 | ) | | 0.9 | |
| | | | | | | | |
| | End of period assets | | $ | 56.4 | | $ | 46.6 | | $ | 81.8 | |
| | | | | | | | |
Global/International | | | | | | | | | | |
| | Beginning of period assets | | $ | 10.7 | | $ | 10.9 | | $ | 22.1 | |
| | Sales | | | 1.2 | | | 0.5 | | | 1.0 | |
| | Redemptions | | | 0.5 | | | 0.6 | | | 0.9 | |
| | | | | | | | |
| | Net sales (redemptions) | | | 0.7 | | | (0.1 | ) | | 0.1 | |
| | Market / fund performance | | | 3.3 | | | (0.1 | ) | | (1.2 | ) |
| | | | | | | | |
| | End of period assets | | $ | 14.7 | | $ | 10.7 | | $ | 21.0 | |
| | | | | | | | |
Mathematical(1) | | | | | | | | | | |
| | Beginning of period assets | | $ | 38.3 | | $ | 42.4 | | $ | 61.2 | |
| | Sales | | | 1.6 | | | 0.9 | | | 2.5 | |
| | Redemptions | | | 1.8 | | | 1.4 | | | 2.3 | |
| | | | | | | | |
| | Net sales (redemptions) | | | (0.2 | ) | | (0.5 | ) | | 0.2 | |
| | Market / fund performance | | | 5.7 | | | (3.5 | ) | | — | |
| | | | | | | | |
| | End of period assets | | $ | 43.8 | | $ | 38.3 | | $ | 61.3 | |
| | | | | | | | |
Fixed Income | | | | | | | | | | |
| | Beginning of period assets | | $ | 3.7 | | $ | 3.2 | | $ | 3.8 | |
| | Sales | | | 0.9 | | | 0.8 | | | 0.2 | |
| | Redemptions | | | 0.5 | | | 0.3 | | | 0.5 | |
| | | | | | | | |
| | Net sales (redemptions) | | | 0.4 | | | 0.5 | | | (0.2 | ) |
| | Market / fund performance | | | 0.3 | | | — | | | — | |
| | | | | | | | |
| | End of period assets | | $ | 4.4 | | $ | 3.7 | | $ | 3.7 | |
| | | | | | | | |
Alternatives | | | | | | | | | | |
| | Beginning of period assets | | $ | 0.4 | | $ | 0.5 | | $ | 1.4 | |
| | Sales | | | — | | | — | | | 0.1 | |
| | Redemptions | | | 0.1 | | | 0.1 | | | 0.2 | |
| | | | | | | | |
| | Net sales (redemptions) | | | (0.1 | ) | | (0.1 | ) | | — | |
| | Market / fund performance | | | — | | | (0.1 | ) | | (0.1 | ) |
| | | | | | | | |
| | End of period assets | | $ | 0.3 | | $ | 0.4 | | $ | 1.2 | |
| | | | | | | | |
Value(2) | | | | | | | | | | |
| | Beginning of period assets | | $ | 8.6 | | $ | 9.1 | | $ | 10.1 | |
| | Sales | | | 1.4 | | | 1.4 | | | 1.5 | |
| | Redemptions | | | 0.6 | | | 1.1 | | | 0.6 | |
| | | | | | | | |
| | Net sales (redemptions) | | | 0.8 | | | 0.3 | | | 0.9 | |
| | Market / fund performance | | | 1.6 | | | (0.8 | ) | | — | |
| | | | | | | | |
| | End of period assets | | $ | 11.0 | | $ | 8.6 | | $ | 10.9 | |
| | | | | | | | |
Money Market | | | | | | | | | | |
| | Beginning of period assets | | $ | 2.6 | | $ | 7.9 | | $ | 12.2 | |
| | Sales | | | 0.2 | | | 3.0 | | | 23.0 | |
| | Redemptions | | | 0.8 | | | 8.3 | | | 23.4 | |
| | | | | | | | |
| | Net sales (redemptions) | | | (0.6 | ) | | (5.3 | ) | | (0.4 | ) |
| | Market / fund performance | | | — | | | — | | | — | |
| | | | | | | | |
| | End of period assets | | $ | 2.0 | | $ | 2.6 | | $ | 11.8 | |
| | | | | | | | |
Total Company | | | | | | | | | | |
| | Beginning of period assets | | $ | 110.9 | | $ | 123.5 | | $ | 187.6 | |
| | Sales | | | 8.6 | | | 9.0 | | | 37.2 | |
| | Redemptions | | | 6.9 | | | 15.2 | | | 32.6 | |
| | | | | | | | |
| | Net sales (redemptions) | | | 1.7 | | | (6.2 | ) | | 4.6 | |
| | Market / fund performance | | | 20.0 | | | (6.4 | ) | | (0.4 | ) |
| | | | | | | | |
| | End of period assets | | $ | 132.6 | | $ | 110.9 | | $ | 191.8 | |
| | | | | | | | |
Total Excluding Money Market | | | | | | | | | | |
| | Beginning of period assets | | $ | 108.3 | | $ | 115.6 | | $ | 175.4 | |
| | Sales | | | 8.4 | | | 6.0 | | | 14.2 | |
| | Redemptions | | | 6.1 | | | 6.9 | | | 9.2 | |
| | | | | | | | |
| | Net sales (redemptions) | | | 2.3 | | | (0.9 | ) | | 5.0 | |
| | Market / fund performance | | | 20.0 | | | (6.4 | ) | | (0.4 | ) |
| | | | | | | | |
| | End of period assets | | $ | 130.6 | | $ | 108.3 | | $ | 179.9 | |
| | | | | | | | |
Each line has been rounded on the schedule individually to increase the accuracy of the amounts presented. Therefore totals and subtotals may not foot
Notes:
- (1)
- Represents all assets managed by INTECH Investment Management LLC.
- (2)
- Represents all assets managed by Perkins Investment Management LLC.
9
Janus Investment Fund ("JIF")
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| |
| | Lipper Rankings Based on Total Returns as of 6/30/09 | |
|---|
| |
| |
| | 1-Year | | 3-Year | | 5-Year | | 10-Year | | Since PM Inception | |
|---|
Growth Funds | | PM Inception | | Lipper Category | | Percentile
Rank (%) | | Rank /
Total
Funds | | Percentile
Rank (%) | | Rank /
Total
Funds | | Percentile
Rank (%) | | Rank /
Total
Funds | | Percentile
Rank (%) | | Rank /
Total
Funds | | Percentile
Rank (%) | | Rank /
Total
Funds | |
|---|
Janus Twenty Fund(1) | | | Jan-08 | | Large-Cap Growth Funds | | | 81 | | | 681/841 | | | 1 | | | 1/717 | | | 1 | | | 2/602 | | | 12 | | | 36/313 | | | 26 | | | 209/815 | |
Janus Fund | | | Oct-07 | | Large-Cap Growth Funds | | | 42 | | | 347/841 | | | 35 | | | 250/717 | | | 49 | | | 294/602 | | | 65 | | | 201/313 | | | 46 | | | 365/799 | |
Janus Orion Fund | | | Dec-07 | | Multi-Cap Growth Funds | | | 90 | | | 409/458 | | | 20 | | | 71/365 | | | 3 | | | 9/306 | | | — | | | — | | | 75 | | | 324/434 | |
Janus Research Fund | | | Jan-06 | | Large-Cap Growth Funds | | | 57 | | | 473/841 | | | 13 | | | 89/717 | | | 9 | | | 53/602 | | | 37 | | | 114/313 | | | 14 | | | 92/693 | |
Janus Enterprise Fund | | | Oct-07 | | Mid-Cap Growth Funds | | | 46 | | | 238/522 | | | 16 | | | 71/457 | | | 10 | | | 37/376 | | | 77 | | | 137/179 | | | 26 | | | 128/496 | |
Janus Venture Fund(1) | | | Jan-01 | | Small-Cap Growth Funds | | | 24 | | | 138/578 | | | 18 | | | 86/498 | | | 24 | | | 97/412 | | | 60 | | | 127/214 | | | 22 | | | 64/291 | |
Janus Triton Fund | | | Jun-06 | | Small-Cap Growth Funds | | | 4 | | | 19/578 | | | 2 | | | 5/498 | | | — | | | — | | | — | | | — | | | 2 | | | 5/498 | |
Core Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Janus Growth and Income Fund | | | Nov-07 | | Large-Cap Core Funds | | | 40 | | | 370/936 | | | 57 | | | 458/809 | | | 25 | | | 163/673 | | | 29 | | | 107/379 | | | 38 | | | 332/890 | |
Janus Contrarian Fund | | | Feb-00 | | Multi-Cap Core Funds | | | 88 | | | 661/755 | | | 17 | | | 102/610 | | | 3 | | | 12/454 | | | — | | | — | | | 16 | | | 32/203 | |
Janus Balanced Fund | | | Apr-05 | | Mixed-Asset Target Alloc. Mod. Funds | | | 3 | | | 11/524 | | | 1 | | | 3/388 | | | 2 | | | 3/295 | | | 11 | | | 15/147 | | | 1 | | | 2/342 | |
Janus Fundamental Equity Fund | | | Nov-07 | | Large-Cap Core Funds | | | 70 | | | 647/936 | | | 64 | | | 516/809 | | | 18 | | | 117/673 | | | 19 | | | 71/379 | | | 63 | | | 560/890 | |
INTECH Risk-Managed Stock Fund | | | Feb-03 | | Multi-Cap Core Funds | | | 53 | | | 396/755 | | | 68 | | | 414/610 | | | 46 | | | 205/454 | | | — | | | — | | | 45 | | | 164/366 | |
Global/International Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Janus Overseas Fund | | | Jun-03 | | International Funds | | | 8 | | | 90/1237 | | | 1 | | | 8/935 | | | 1 | | | 1/711 | | | 3 | | | 9/378 | | | 1 | | | 1/643 | |
Janus Worldwide Fund | | | Apr-09 | | Global Funds | | | 19 | | | 96/524 | | | 45 | | | 170/381 | | | 69 | | | 201/294 | | | 87 | | | 132/152 | | | ‡ | | | | |
Janus Global Life Sciences Fund | | | Apr-07 | | Global Healthcare/Biotechnology Funds | | | 72 | | | 36/49 | | | 45 | | | 20/44 | | | 49 | | | 21/42 | | | 25 | | | 4/15 | | | 16 | | | 8/49 | |
Janus Global Technology Fund | | | Jan-06 | | Global Science & Technology Funds | | | 33 | | | 26/78 | | | 22 | | | 16/73 | | | 27 | | | 18/67 | | | 46 | | | 10/21 | | | 28 | | | 20/73 | |
Janus Global Research Fund | | | Feb-05 | | Global Funds | | | 51 | | | 264/524 | | | 10 | | | 38/381 | | | — | | | — | | | — | | | — | | | 6 | | | 18/318 | |
Janus Global Opportunities Fund | | | Apr-09 | | Global Funds | | | 6 | | | 31/524 | | | 24 | | | 88/381 | | | 61 | | | 179/294 | | | — | | | — | | | ‡ | | | | |
Value Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Perkins Mid Cap Value Fund—Inv(1) | | | Aug-98 | | Mid-Cap Value Funds | | | 16 | | | 45/291 | | | 4 | | | 8/235 | | | 3 | | | 5/179 | | | 2 | | | 1/63 | | | 2 | | | 1/52 | |
Perkins Small Cap Value Fund—Inv*(1) | | | Feb-97 | | Small-Cap Core Funds | | | 1 | | | 6/768 | | | 2 | | | 7/617 | | | 10 | | | 46/503 | | | 14 | | | 33/242 | | | 5 | | | 6/130 | |
Income Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Janus Flexible Bond Fund | | | May-07 | | Intermediate Investment Grade Debt | | | 6 | | | 29/566 | | | 6 | | | 26/462 | | | 6 | | | 23/395 | | | 21 | | | 44/210 | | | 7 | | | 35/511 | |
Janus High-Yield Fund | | | Dec-03 | | High Current Yield Funds | | | 8 | | | 35/462 | | | 19 | | | 74/392 | | | 18 | | | 60/333 | | | 10 | | | 20/202 | | | 18 | | | 55/322 | |
Janus Short-Term Bond Fund | | | May-07 | | Short Investment Grade Debt | | | 1 | | | 1/255 | | | 2 | | | 3/210 | | | 3 | | | 4/175 | | | 9 | | | 8/90 | | | 3 | | | 7/248 | |
Asset Allocation Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Janus Smart Portfolio-Growth | | | Dec-05 | | Mixed-Asset Target Alloc. Growth Funds | | | 63 | | | 414/661 | | | 7 | | | 35/536 | | | — | | | — | | | — | | | — | | | 6 | | | 29/521 | |
Janus Smart Portfolio-Moderate | | | Dec-05 | | Mixed-Asset Target Alloc. Mod. Funds | | | 24 | | | 121/524 | | | 3 | | | 8/388 | | | — | | | — | | | — | | | — | | | 5 | | | 16/376 | |
Janus Smart Portfolio-Conservative | | | Dec-05 | | Mixed-Asset Target Alloc. Cons. Funds | | | 20 | | | 83/422 | | | 3 | | | 9/345 | | | — | | | — | | | — | | | — | | | 2 | | | 6/314 | |
Data presented reflects past performance, which is no guarantee of future results. Strong rankings are not indicative of positive fund performance. Year-to-date absolute performance for some funds is negative.
Lipper, a wholly-owned subsidiary of Reuters, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities. Lipper ranks the performance of mutual funds within a classification of funds that have similar investment objectives. Rankings are historical with capital gains and dividends reinvested and do not include the effect of loads. If an expense waiver was in effect, it may have had a material effect on the total return or yield for the period.
Notes:
- (1)
- Closed to new investors.
- (2)
- Ranking is for the investor share class only; other classes may have different performance characteristics.
- ‡
- In accordance with FINRA regulations, Lipper rankings cannot be publicly disclosed for time periods of less than one year.
10
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Janus Adviser Series ("JAD") Class S Shares | | Lipper Rankings Based on Total Returns as of 6/30/09 | |
|---|
| |
| |
| | 1-Year | | 3-Year | | 5-Year | | 10-Year | | Since PM Inception | |
|---|
Growth Funds | | PM
Inception | | Lipper Category | | Percentile
Rank (%) | | Rank /
Total Funds | | Percentile
Rank (%) | | Rank /
Total Funds | | Percentile
Rank (%) | | Rank /
Total Funds | | Percentile
Rank (%) | | Rank /
Total Funds | | Percentile
Rank (%) | | Rank /
Total Funds | |
|---|
Forty Fund | | | Jan-08 | | Large-Cap Growth Funds | | | 86 | | | 720/841 | | | 1 | | | 4/717 | | | 1 | | | 3/602 | | | 2 | | | 6/313 | | | 43 | | | 346/815 | |
| |
Mid Cap Growth Fund | | | Oct-07 | | Mid-Cap Growth Funds | | | 36 | | | 187/522 | | | 10 | | | 45/457 | | | 6 | | | 21/376 | | | 75 | | | 135/179 | | | 19 | | | 94/496 | |
| |
Large Cap Growth Fund | | | Oct-07 | | Large-Cap Growth Funds | | | 41 | | | 343/841 | | | 42 | | | 301/717 | | | 56 | | | 335/602 | | | 53 | | | 166/313 | | | 45 | | | 357/799 | |
| |
INTECH Risk-Managed Growth Fund | | | Jan-03 | | Multi-Cap Growth Funds | | | 60 | | | 274/458 | | | 70 | | | 254/365 | | | 82 | | | 251/306 | | | — | | | — | | | 80 | | | 221/277 | |
| |
Orion Fund | | | Dec-07 | | Mid-Cap Growth Funds | | | 55 | | | 285/522 | | | 11 | | | 49/457 | | | — | | | — | | | — | | | — | | | 54 | | | 272/503 | |
| |
Small-Mid Growth Fund | | | Jun-06 | | Small-Cap Growth Funds | | | 5 | | | 26/578 | | | 2 | | | 9/498 | | | — | | | — | | | — | | | — | | | 2 | | | 9/498 | |
| |
Core Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balanced Fund | | | Apr-05 | | Mixed-Asset Target Alloc. Mod. Funds | | | 3 | | | 12/524 | | | 2 | | | 4/388 | | | 2 | | | 4/295 | | | 10 | | | 14/147 | | | 1 | | | 3/342 | |
| |
Growth and Income Fund | | | Nov-07 | | Large-Cap Core Funds | | | 64 | | | 597/936 | | | 76 | | | 610/809 | | | 42 | | | 279/673 | | | 21 | | | 77/379 | | | 63 | | | 557/890 | |
| |
Fundamental Equity Fund | | | Nov-07 | | Large-Cap Core Funds | | | 71 | | | 662/936 | | | 66 | | | 527/809 | | | 19 | | | 127/673 | | | 23 | | | 84/379 | | | 69 | | | 614/890 | |
| |
Small Company Value Fund | | | Mar-09 | | Small-Cap Core Funds | | | 13 | | | 94/768 | | | 31 | | | 188/617 | | | 28 | | | 141/503 | | | — | | | — | | | ‡ | | | | |
| |
INTECH Risk-Managed Core Fund | | | Jan-03 | | Multi-Cap Core Funds | | | 48 | | | 357/755 | | | 67 | | | 407/610 | | | 44 | | | 196/454 | | | — | | | — | | | 35 | | | 124/357 | |
| |
Contrarian Fund | | | Aug-05 | | Multi-Cap Core Funds | | | 92 | | | 690/755 | | | 38 | | | 229/610 | | | — | | | — | | | — | | | — | | | 17 | | | 90/541 | |
| |
Global/International/ Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
International Growth Fund | | | Jun-03 | | International Funds | | | 8 | | | 96/1237 | | | 1 | | | 7/935 | | | 1 | | | 1/711 | | | 3 | | | 8/378 | | | 1 | | | 2/643 | |
| |
Worldwide Fund | | | Apr-09 | | Global Funds | | | 8 | | | 39/524 | | | 26 | | | 96/381 | | | 53 | | | 155/294 | | | 76 | | | 115/152 | | | ‡ | | | | |
| |
International Equity Fund | | | Nov-06 | | International Funds | | | 15 | | | 179/1237 | | | — | | | — | | | — | | | — | | | — | | | — | | | 2 | | | 18/979 | |
| |
INTECH Risk-Managed International Fund | | | May-07 | | International Funds | | | 62 | | | 761/1237 | | | — | | | — | | | — | | | — | | | — | | | — | | | 48 | | | 513/1070 | |
| |
International Forty Fund | | | May-08 | | International Funds | | | 50 | | | 616/1237 | | | — | | | — | | | — | | | — | | | — | | | — | | | 30 | | | 355/1207 | |
| |
Global Research Fund | | | Nov-07 | | Global Funds | | | 56 | | | 294/524 | | | — | | | — | | | — | | | — | | | — | | | — | | | 43 | | | 195/461 | |
| |
Value Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Perkins Mid Cap Value Fund | | | Dec-02 | | Mid-Cap Value Funds | | | 15 | | | 41/291 | | | 2 | | | 4/235 | | | 3 | | | 4/179 | | | — | | | — | | | 8 | | | 12/155 | |
| |
INTECH Risk-Managed Value Fund | | | Dec-05 | | Multi-Cap Value Funds | | | 54 | | | 187/346 | | | 60 | | | 168/283 | | | — | | | — | | | — | | | — | | | 60 | | | 156/259 | |
| |
Alternative Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Long/Short Fund | | | Aug-06 | | Long/Short Equity Funds | | | 46 | | | 47/103 | | | — | | | — | | | — | | | — | | | — | | | — | | | 30 | | | 14/47 | |
| |
Global Real Estate Fund | | | Nov-07 | | Global Real Estate Funds | | | 5 | | | 4/81 | | | — | | | — | | | — | | | — | | | — | | | — | | | 4 | | | 3/74 | |
| |
Income Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Flexible Bond Fund | | | May-07 | | Intermediate Investment Grade Debt | | | 4 | | | 22/566 | | | 7 | | | 30/462 | | | 8 | | | 29/395 | | | 20 | | | 42/210 | | | 7 | | | 35/511 | |
| |
High-Yield Fund | | | Aug-05 | | High Current Yield | | | 14 | | | 64/462 | | | 27 | | | 103/392 | | | — | | | — | | | — | | | — | | | 27 | | | 99/369 | |
| |
Rankings are for the Class S Shares only; other classes may have different performance characteristics.
11
Note:
- ‡
- In accordance with FINRA regulations, Lipper rankings cannot be publicly disclosed for time periods of less than one year.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Janus Aspen Series ("JAS") Institutional Shares | | Lipper Rankings Based on Total Returns as of 6/30/09 | |
|---|
| |
| |
| | 1-Year | | 3-Year | | 5-Year | | 10-Year | | Since PM Inception | |
|---|
Growth Funds | | PM
Inception | | Lipper Category | | Percentile
Rank (%) | | Rank /
Total Funds | | Percentile
Rank (%) | | Rank /
Total Funds | | Percentile
Rank (%) | | Rank /
Total Funds | | Percentile
Rank (%) | | Rank /
Total Funds | | Percentile
Rank (%) | | Rank /
Total Funds | |
|---|
Forty Portfolio | | | Jan-08 | | VA Large-Cap Growth | | | 87 | | | 206/236 | | | 1 | | | 1/213 | | | 1 | | | 1/192 | | | 3 | | | 2/76 | | | 31 | | | 70/229 | |
| |
Janus Portfolio | | | Oct-07 | | VA Large-Cap Growth | | | 37 | | | 86/236 | | | 32 | | | 68/213 | | | 58 | | | 111/192 | | | 62 | | | 47/76 | | | 36 | | | 80/224 | |
| |
Enterprise Portfolio | | | Oct-07 | | VA Mid-Cap Growth | | | 59 | | | 80/136 | | | 12 | | | 15/124 | | | 9 | | | 9/111 | | | 73 | | | 31/42 | | | 23 | | | 29/129 | |
| |
Core Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balanced Portfolio | | | Apr-05 | | VA Mixed-Asset Target Alloc. Mod. | | | 2 | | | 3/185 | | | 1 | | | 1/120 | | | 3 | | | 2/78 | | | 13 | | | 6/47 | | | 2 | | | 1/95 | |
| |
Growth and Income Portfolio | | | Nov-07 | | VA Large-Cap Core | | | 21 | | | 48/230 | | | 30 | | | 62/207 | | | 14 | | | 24/182 | | | 11 | | | 9/87 | | | 17 | | | 37/221 | |
| |
Fundamental Equity Portfolio | | | Nov-07 | | VA Large-Cap Core | | | 65 | | | 149/230 | | | 56 | | | 116/207 | | | 15 | | | 27/182 | | | 16 | | | 14/87 | | | 53 | | | 117/221 | |
| |
Global/International Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Worldwide Growth Portfolio | | | Apr-09 | | VA Global | | | 29 | | | 36/125 | | | 39 | | | 34/88 | | | 82 | | | 60/73 | | | 87 | | | 31/35 | | | ‡ | | | 0 | |
| |
International Growth Portfolio | | | Jun-03 | | VA International | | | 4 | | | 10/275 | | | 1 | | | 2/232 | | | 1 | | | 1/193 | | | 3 | | | 2/97 | | | 1 | | | 1/185 | |
| |
Global Life Sciences Portfolio | | | Oct-04 | | VA Health/Biotechnology | | | 95 | | | 36/37 | | | 43 | | | 15/34 | | | 19 | | | 6/31 | | | — | | | — | | | 16 | | | 5/31 | |
| |
Global Technology Portfolio | | | Jan-06 | | VA Science & Technology | | | 37 | | | 21/57 | | | 26 | | | 14/54 | | | 16 | | | 8/52 | | | — | | | — | | | 28 | | | 15/54 | |
| |
Value Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Perkins Mid Cap Value Portfolio | | | May-03 | | VA Mid-Cap Value | | | 6 | | | 4/76 | | | 2 | | | 1/63 | | | 2 | | | 1/52 | | | — | | | — | | | 2 | | | 1/49 | |
| |
Income Funds | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Flexible Bond Portfolio | | | May-07 | | VA Intermediate Investment Grade Debt | | | 10 | | | 7/73 | | | 17 | | | 11/67 | | | 19 | | | 11/60 | | | 18 | | | 5/28 | | | 13 | | | 9/69 | |
| |
Data presented reflects past performance, which is no guarantee of future results. Strong rankings are not indicative of positive fund performance. Year-to-date absolute performance for some funds is negative.
Lipper, a wholly-owned subsidiary of Reuters, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities. Lipper ranks the performance of mutual funds within a classification of funds that have similar investment objectives. Rankings are historical with capital gains and dividends reinvested and do not include the effect of loads. If an expense waiver was in effect, it may have had a material effect on the total return or yield for the period.
Rankings are for the Institutional Shares only; other classes may have different performance characteristics.
Note:
- ‡
- In accordance with FINRA regulations, Lipper rankings cannot be publicly disclosed for time periods of less than one year.
12
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| |
| | The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating™ metrics. | |
| |
|---|
| Janus Investment Fund ("JIF") | |
| | Overall Rating | | Three-Year Rating | | Five-Year Rating | | Ten-Year Rating | |
|---|
Fund | | Category | | Stars | | # of Funds | | Stars | | # of Funds | | Stars | | # of Funds | | Stars | | # of Funds | |
|---|
Janus Fund | | Large Growth Funds | | | *** | | | 1565 | | | **** | | | 1565 | | | *** | | | 1294 | | | ** | | | 663 | |
| |
Janus Enterprise Fund | | Mid-Cap Growth Funds | | | *** | | | 794 | | | **** | | | 794 | | | **** | | | 658 | | | ** | | | 331 | |
| |
Janus Growth and Income Fund | | Large Growth Funds | | | *** | | | 1565 | | | ** | | | 1565 | | | *** | | | 1294 | | | **** | | | 663 | |
| |
Janus Research Fund | | Large Growth Funds | | | *** | | | 1565 | | | *** | | | 1565 | | | *** | | | 1294 | | | ** | | | 663 | |
| |
Janus Twenty Fund(1) | | Large Growth Funds | | | **** | | | 1565 | | | ***** | | | 1565 | | | ***** | | | 1294 | | | *** | | | 663 | |
| |
Janus Venture Fund(1) | | Small Growth Funds | | | *** | | | 687 | | | *** | | | 687 | | | *** | | | 573 | | | ** | | | 310 | |
| |
Janus Overseas Fund(1) | | Foreign Large Growth Funds | | | ***** | | | 226 | | | ***** | | | 226 | | | ***** | | | 172 | | | **** | | | 89 | |
| |
Janus Balanced Fund | | Moderate Allocation Funds | | | ***** | | | 960 | | | ***** | | | 960 | | | ***** | | | 793 | | | ***** | | | 453 | |
| |
Janus Fundamental Equity Fund | | Large Growth Funds | | | **** | | | 1565 | | | ** | | | 1565 | | | **** | | | 1294 | | | **** | | | 663 | |
| |
Janus Mid Cap Value Fund—Investor Shares(2) | | Mid-Cap Value Funds | | | ***** | | | 332 | | | ***** | | | 332 | | | ***** | | | 245 | | | ***** | | | 87 | |
| |
Janus Small Cap Value Fund—Investor Shares(1,2) | | Small Value Funds | | | ***** | | | 318 | | | ***** | | | 318 | | | ***** | | | 242 | | | **** | | | 117 | |
| |
Janus Flexible Bond Fund | | Intermediate-Term Bond Funds | | | ***** | | | 983 | | | ***** | | | 983 | | | ***** | | | 860 | | | **** | | | 476 | |
| |
Janus High-Yield Fund | | High Yield Bond Funds | | | **** | | | 478 | | | **** | | | 478 | | | **** | | | 404 | | | **** | | | 252 | |
| |
Janus Short-Term Bond Fund | | Short-Term Bond Funds | | | ***** | | | 358 | | | ***** | | | 358 | | | ***** | | | 301 | | | **** | | | 157 | |
| |
Janus Worldwide Fund | | World Stock Funds | | | ** | | | 544 | | | *** | | | 544 | | | ** | | | 446 | | | ** | | | 253 | |
| |
Janus Orion Fund | | Health Funds | | | *** | | | 159 | | | *** | | | 159 | | | *** | | | 146 | | | ** | | | 59 | |
| |
Janus Global Life Sciences Fund | | Technology Funds | | | **** | | | 215 | | | **** | | | 215 | | | **** | | | 194 | | | **** | | | 75 | |
| |
Janus Global Technology Fund | | Mid-Cap Growth Funds | | | **** | | | 794 | | | *** | | | 794 | | | **** | | | 658 | | | | | | N/A | |
| |
INTECH Risk-Managed Stock Fund | | Large Blend Funds | | | **** | | | 1740 | | | *** | | | 1740 | | | **** | | | 1363 | | | | | | N/A | |
| |
Janus Contrarian Fund | | Large Blend Funds | | | **** | | | 1740 | | | ** | | | 1740 | | | ***** | | | 1363 | | | | | | N/A | |
| |
Janus Global Opportunities Fund | | World Stock Funds | | | *** | | | 544 | | | **** | | | 544 | | | *** | | | 446 | | | | | | N/A | |
| |
Janus Triton Fund | | Small Growth Funds | | | ***** | | | 687 | | | ***** | | | 687 | | | | | | N/A | | | | | | N/A | |
| |
Janus Global Research Fund | | World Stock Funds | | | **** | | | 544 | | | **** | | | 544 | | | | | | N/A | | | | | | N/A | |
| |
Janus Smart Portfolio-Growth | | Moderate Allocation Funds | | | **** | | | 960 | | | **** | | | 960 | | | | | | N/A | | | | | | N/A | |
| |
Janus Smart Portfolio-Moderate | | Moderate Allocation Funds | | | ***** | | | 960 | | | ***** | | | 960 | | | | | | N/A | | | | | | N/A | |
| |
Janus Smart Portfolio-Conservative | | Conservative Allocation Funds | | | ***** | | | 485 | | | ***** | | | 485 | | | | | | N/A | | | | | | N/A | |
| |
Percent of funds rated 4 / 5 Stars | | | | | 69.2 | % | | | | | 65.4 | % | | | | | 66.7 | % | | | | | 58.8 | % | | | |
Data presented reflects past performance, which is no guarantee of future results. Strong ratings are not indicative of positive fund performance. Year-to-date absolute performance for some funds is negative. ©2009 Morningstar, Inc. All Rights Reserved.
Notes:
- (1)
- Closed to new investors.
13
- (2)
- Rating is for this share class only; other classes may have different performance characteristics.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of the funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
14
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| |
| | The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating™ metrics. | |
| |
|---|
| Janus Adviser Series ("JAD") S Shares | |
| | Overall Rating | | Three-Year Rating | | Five-Year Rating | | Ten-Year Rating | |
|---|
Fund | | Category | | Stars | | # of Funds | | Stars | | # of Funds | | Stars | | # of Funds | | Stars | | # of Funds | |
|---|
Balanced Fund | | Moderate Allocation Funds | | | ***** | | | 960 | | | ***** | | | 960 | | | ***** | | | 793 | | | ***** | | | 453 | |
| |
Fundamental Equity Fund | | Large Growth Funds | | | **** | | | 1565 | | | ** | | | 1565 | | | **** | | | 1294 | | | **** | | | 663 | |
| |
Flexible Bond Fund | | Intermediate-Term Bond Funds | | | ***** | | | 983 | | | ***** | | | 983 | | | ***** | | | 860 | | | **** | | | 476 | |
| |
Forty Fund | | Large Growth Funds | | | ***** | | | 1565 | | | ***** | | | 1565 | | | ***** | | | 1294 | | | **** | | | 663 | |
| |
Growth & Income Fund | | Large Growth Funds | | | *** | | | 1565 | | | ** | | | 1565 | | | *** | | | 1294 | | | **** | | | 663 | |
| |
International Growth Fund | | Foreign Large Growth Funds | | | ***** | | | 226 | | | ***** | | | 226 | | | ***** | | | 172 | | | ***** | | | 89 | |
| |
Large Cap Growth Fund | | Large Growth Funds | | | *** | | | 1565 | | | *** | | | 1565 | | | *** | | | 1294 | | | *** | | | 663 | |
| |
Mid Cap Growth Fund | | Mid-Cap Growth Funds | | | *** | | | 794 | | | **** | | | 794 | | | **** | | | 658 | | | ** | | | 331 | |
| |
Worldwide Fund | | World Stock Funds | | | *** | | | 544 | | | **** | | | 544 | | | *** | | | 446 | | | ** | | | 253 | |
| |
Perkins Mid Cap Value Fund | | Mid-Cap Value Funds | | | ***** | | | 332 | | | ***** | | | 332 | | | ***** | | | 245 | | | | | | N/A | |
| |
INTECH Risk-Managed Core Fund | | Large Blend Funds | | | **** | | | 1740 | | | *** | | | 1740 | | | **** | | | 1363 | | | | | | N/A | |
| |
INTECH Risk-Managed Growth Fund | | Large Growth Funds | | | ** | | | 1565 | | | ** | | | 1565 | | | ** | | | 1294 | | | | | | N/A | |
| |
Perkins Small Company Value Fund | | Small Value Funds | | | *** | | | 318 | | | *** | | | 318 | | | *** | | | 242 | | | | | | N/A | |
| |
Contrarian Fund | | Large Blend Funds | | | ** | | | 1740 | | | ** | | | 1740 | | | | | | N/A | | | | | | N/A | |
| |
Orion Fund | | Mid-Cap Growth Funds | | | *** | | | 794 | | | *** | | | 794 | | | | | | N/A | | | | | | N/A | |
| |
Small-Mid Growth Fund | | Mid-Cap Growth Funds | | | ***** | | | 794 | | | ***** | | | 794 | | | | | | N/A | | | | | | N/A | |
| |
High-Yield Fund | | High Yield Bond Funds | | | **** | | | 478 | | | **** | | | 478 | | | | | | N/A | | | | | | N/A | |
| |
INTECH Risk-Managed Value Fund | | Large Value Funds | | | *** | | | 1154 | | | *** | | | 1154 | | | | | | N/A | | | | | | N/A | |
| |
International Equity Fund | | Foreign Large Growth Funds | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | |
| |
Perkins Large Cap Value Fund | | Large Value Funds | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | |
| |
Global Real Estate Fund | | Global Real Estate Funds | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | |
| |
Global Research Fund | | World Stock Funds | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | |
| |
Long/Short Fund | | Long-Short Funds | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | |
| |
International Forty Fund | | Foreign Large Growth Funds | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | |
| |
INTECH Risk-Managed International Fund | | Foreign Large Blend Funds | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | |
| |
Modular Portfolio Construction Fund | | Moderate Allocation Funds | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | |
| |
Percent of funds rated 4 / 5 Stars | | | | | 50.0 | % | | | | | 50.0 | % | | | | | 61.5 | % | | | | | 66.7 | % | | | |
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Data presented reflects past performance, which is no guarantee of future results. Strong ratings are not indicative of positive fund performance. Year-to-date absolute performance for some funds is negative. © 2009 Morningstar, Inc. All Rights Reserved.
Ratings are for Class S Shares only; other classes may have different performance characteristics.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of the funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
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JANUS CAPITAL GROUP INC. UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (dollars in millions, except per share data or as noted)
