Global Allocation Fund - Moderate - Janus Henderson Investors

ABOUT THIS FUND

This fund of funds offers broad global diversification for investors by utilizing the full spectrum of Janus Henderson’s investment expertise and solutions, with the goal of providing higher risk-adjusted returns than the broad markets.

WHY INVEST IN THIS FUND

Actively-Managed Diversification
This fund actively allocates across a range of actively-managed equity, fixed income and alternative asset classes while providing opportunity for higher returns and lower volatility through the benefits of diversification.

Powered by Janus Henderson’s Investment Expertise
The Portfolio Managers select from the full range of our investment groups’ expertise to build this portfolio, allowing for more complete diversification across investment styles, geographies and asset classes.

Defined Risk
Targeting an allocation of 45% to 65% equities, 30% to 45% fixed income, and 5% to 20% alternatives, this fund may be suitable for moderate investors desiring a well-diversified portfolio that seeks to exceed the long-term returns of broad markets.

Fund Details

Inception Date	Dec 30, 2005
Total Net Assets (As of 31/10/2024)	$191.29M
Gross Annual Expense Ratio (As of most recent prospectus)	0.75%
Net Annual Expense Ratio (As of most recent prospectus)	0.73%

Morningstar Data

(As of 31/10/2024)

	View All Ratings
Category	Global Allocation
Morningstar Fee Level Group	World Allocation Institutional (out of 94 funds)
Morningstar Fee Level Information View Morningstar Fee Level Morningstar Fee Level compares a mutual fund share class' expense ratio relative to other fund share classes that invest in a similar asset class and have similar distribution channels and expense structures. A fund share class' net expense ratio from its most recent annual report (or, for a fund of funds, from its most recent prospectus) is ranked against peers using five quintiles: the 20% with the lowest expense ratio are designated Low, the next 20% Below Average, the next 20% Average, the next 20% Above Average and the 20% with the highest expense ratio are designated High. The Morningstar Fee Level can be a useful tool for putting a fund's fees into context, but alone is not a sufficient basis for investment decisions. When an expense waiver is in effect, it may have a material effect on the fee level and/or expense ratio ranking.
Equity Style Box LARGE VALUE LARGE BLEND LARGE GROWTH MID VALUE MID BLEND MID GROWTH SMALL VALUE SMALL BLEND SMALL GROWTH

Important Morningstar Information

Ashwin Alankar, Ph.D.

Head of Global Asset Allocation | Portfolio Manager

Industry since 2001. Joined Firm in 2014.

Nick Harper, CFA

Portfolio Manager

Industry since 2010. Joined Firm in 2014.

RETURNS (%) (As of 30/09/2024)

Global Allocation Fund - Moderate - I Shares MSCI All Country World IndexSM Global Moderate Allocation Index

	3M	YTD	1YR	3YR	5YR	10YR	Since Inception (01/01/1970)
Global Allocation Fund - Moderate - I Shares	5.92	11.43	21.66	1.67	5.67	4.90	5.97
MSCI All Country World IndexSM	6.61	18.66	31.76	8.09	12.18	9.38	7.65
Global Moderate Allocation Index	6.76	12.46	23.57	3.64	7.03	5.98	5.83

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.

View Fees and Expenses

Performance for Class I Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

RETURNS (%) (As of 31/10/2024)

Global Allocation Fund - Moderate - I Shares MSCI All Country World IndexSM Global Moderate Allocation Index

	3M	YTD	1YR	3YR	5YR	10YR	Since Inception (01/01/1970)
Global Allocation Fund - Moderate - I Shares	0.87	8.87	22.00	0.16	4.92	4.60	5.81
MSCI All Country World IndexSM	2.57	16.00	32.79	5.51	11.08	9.06	7.48
Global Moderate Allocation Index	1.78	9.44	23.06	1.71	6.05	5.65	5.65

View Fees and Expenses

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Calendar Year Returns (%)

Global Allocation Fund - Moderate - I Shares MSCI All Country World IndexSM

	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Global Allocation Fund - Moderate - I Shares	11.64	-17.33	7.27	14.50	15.70	-6.59	16.35	3.11	-2.22	3.44
MSCI All Country World IndexSM	22.20	-18.36	18.54	16.25	26.60	-9.41	23.97	7.86	-2.36	4.16

View Fees and Expenses

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

(As of 23/11/2024)

	1 YR	3 YR	5 YR	10 YR	SINCE INCEPTION
Percentile Ranking	41	83	63	51	32
Global Allocation \| Rank/Count	163/343	288/332	232/331	172/293	66/181

(As of 23/11/2024)

	1 YR	3 YR	5 YR	10 YR	SINCE INCEPTION
Percentile Ranking	32	79	61	51	31
Global Allocation \| Rank / Count	126/347	276/335	228/334	170/296	66/185

Returns-Based Statistics (As of 31/10/2024 Class I Shares)

RISK / REWARD VS. Global Moderate Allocation Index (60%ACWI/40%BBGAgg)	3YR	5YR
Information Ratio	-0.88	-0.55
Alpha	-1.53	-1.03
Tracking Error	1.73	1.94
Beta	0.99	0.99
R-squared (%)	98.19	97.72

UP/DOWN MARKET CAPTURE (%) Global Moderate Allocation Index (60%ACWI/40%BBGAgg)	3YR	5YR
Up Capture Ratio	93.94	94.56
Down Capture Ratio	102.29	100.47

STANDARD DEVIATION	3YR	5YR
Global Allocation Fund - Moderate	13.07	12.85
Global Moderate Allocation Index (60%ACWI/40%BBGAgg)	13.04	12.79

SHARPE RATIO	3YR	5YR
Global Allocation Fund - Moderate	-0.27	0.19
Global Moderate Allocation Index (60%ACWI/40%BBGAgg)	-0.15	0.28

Annual Fees & Expenses (As of the most recent prospectus)

CLASS I SHARES
Management Fees	0.05%
Other Expenses	0.70%
Total Gross Expenses	0.75%
Waivers	-0.02%
Total Net Expenses	0.73%

Net expense ratios reflect the expense waiver, if any, contractually agreed to for at least a one-year period commencing on June 20, 2024. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Index represents the MSCI All Country World Index℠.

Top Holdings (As of 31/10/2024)

	% of Fund
Janus Henderson Overseas Fund	18.98
Janus Henderson Developed World Bond Fund	12.96
Vanguard FTSE Emerging Markets ETF	11.19
Janus Henderson Flexible Bond Fund	9.44
Janus Henderson Growth And Income Fund	7.55
Janus Henderson Enterprise Fund	7.11
iShares Core International Aggregate Bond ETF	6.06
Janus Henderson Research Fund	6.05
iShares J.P. Morgan USD Emerging Markets Bond ETF	5.21
Janus Henderson Adaptive Risk Managed U.S. Equity Fund	4.08
View full holdings

JMOIX Global Allocation Fund - Moderate

Overview

ABOUT THIS FUND

WHY INVEST IN THIS FUND

Portfolio Management

Performance

Morningstar Percentile

Returns-Based Statistics (As of 31/10/2024 Class I Shares)

Portfolio

Documents

An options-implied analysis of the US presidential election – Part III

An options-implied analysis of the US presidential election: Part II

An options-implied analysis of the U.S. presidential election

JMOIX Global Allocation Fund - Moderate

Overview

ABOUT THIS FUND

WHY INVEST IN THIS FUND

Portfolio Management

Performance

Morningstar Percentile

Returns-Based Statistics (As of 31/10/2024 Class I Shares)

Portfolio

Documents

Related Insights

An options-implied analysis of the US presidential election – Part III

An options-implied analysis of the US presidential election: Part II

An options-implied analysis of the U.S. presidential election