Janus Henderson Adaptive Global Allocation Fund - N Shares 

The fund aims to accomplish its investment goals by strategically distributing its capital across a diverse range of global stocks, international bonds, and, from time to time, instruments linked to commodities. While it may allocate assets to developing economies, these investments are typically capped at 30% of its net assets at the moment of acquisition. Due to the inherent characteristics of the securities it selects, this fund could exhibit a comparatively higher rate of portfolio activity than many other investment vehicles.