September 15, 2008
Janus provides update regarding holdings in Lehman Brothers Holdings Inc, Merrill Lynch & Co.,
Inc., American International Group, Inc. (AIG), Bank of America Corporation and Washington
Mutual Inc. as of September 12, 2008.
As of September 12, 2008, Janus-managed equity funds owned the following stakes in Lehman Brothers Holdings Inc.,
American International Group, Inc. (AIG) and Bank of America Corporation:
Lehman Brothers Holdings Inc.
Fund % of Portfolio
Janus Orion Fund 0.1%
JAD Orion Fund 0.1%
Janus Twenty Fund 0.3%
JAD Forty Fund 0.3%
Aspen Forty Portfolio 0.3%
JCF US Twenty Fund 0.3%
American International Group, Inc. (AIG)
Fund % of Portfolio Fund % of Portfolio
Janus Overseas Fund 2.1% Janus Fund 0.3%
JAD International Growth Fund 2.1% JAD Large Cap Growth Fund 0.3%
Aspen International Growth Portfolio 2.1% Aspen Large Cap Growth 0.3%
Janus Worldwide Fund 1.2% Janus Research Fund 0.2%
JAD Worldwide Fund 1.2% JCF US Research Fund 0.3%
Aspen Worldwide Growth Portfolio 1.2% Janus Global Research Fund 0.1%
Janus Global Opportunities Fund 1.9% JAD Global Research Fund 0.1%
JCF Global Fundamental Equity Fund 2.1% JCF Global Research Fund 0.1%
JAD Long Short Fund 0.4%
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Bank of America Corporation
Fund % of Portfolio Fund % of Portfolio
Janus Flexible Bond Fund 1.0% JCF US Balanced Fund 0.4%
JAD Flexible Bond Fund 0.9% Janus Short Term Bond Fund 0.4%
Aspen Flexible Bond Portfolio 1.0% JCF US Short Term Bond Fund 0.5%
JCF US Flexible Income Fund 1.0% Janus Money Market Fund 1.8%
Janus Contrarian Fund 0.5% JAD Money Market Fund 2.0%
JAD Contrarian Fund 0.5% Janus Institutional Cash
JAD Long/Short Fund 0.4% Management Fund 3.3%
Janus Balanced Fund 0.4% Janus Institutional Money
JAD Balanced Fund 0.4% Market Fund 1.9%
Aspen Balanced Portfolio 0.4%
Janus-managed equity funds did not hold any Merrill Lynch & Co., Inc. or Washington Mutual Inc. securities.
Janus-managed bond and money market funds have no exposure to Lehman Brothers Holdings Inc., Merrill Lynch
& Co., Inc., American International Group, Inc. (AIG) or Washington Mutual Inc., or any of their subsidiaries.
Perkins-managed funds did not hold any securities in Lehman Brothers Holdings Inc, Merrill Lynch & Co., Inc.,
American International Group, Inc. (AIG), Bank of America Corporation, or Washington Mutual Inc.
As of September 12, 2008, Janus funds sub-advised by INTECH owned stakes in Lehman Brothers Holdings Inc.,
Merrill Lynch & Co., Inc., American International Group, Inc. (AIG), Washington Mutual Inc. and Bank of America
Corporation:
Lehman Brothers Holdings Inc.
Fund % of Portfolio
Janus INTECH Risk-Managed Stock Fund 0.04%
JAD INTECH Risk-Managed Core Fund 0.04%
Aspen INTECH Risk-Managed Core Portfolio 0.03%
JCF INTECH US Risk-Managed Core Fund 0.04%
JAD INTECH Risk-Managed Value Fund 0.03%
JCF INTECH Global Risk-Managed Core Fund 0.02%
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Merrill Lynch & Co., Inc.
Fund % of Portfolio
Janus INTECH Risk-Managed Stock Fund 0.2%
JAD INTECH Risk-Managed Core Fund 0.04%
Aspen INTECH Risk-Managed Core Portfolio 0.01%
JCF INTECH US Risk-Managed Core Fund 0.04%
JAD INTECH Risk-Managed Value Fund 0.14%
American International Group, Inc. (AIG)
Fund % of Portfolio
Janus INTECH Risk-Managed Stock Fund 0.1%
JAD INTECH Risk-Managed Core Fund 0.1%
Aspen INTECH Risk-Managed Core Portfolio 0.1%
JCF INTECH US Risk-Managed Core Fund 0.1%
JAD INTECH Risk-Managed Value Fund 0.3%
Washington Mutual Inc.
Fund % of Portfolio
Janus INTECH Risk-Managed Stock Fund 0.03%
JAD INTECH Risk-Managed Core Fund 0.01%
Aspen INTECH Risk-Managed Core Portfolio 0.02%
JCF INTECH US Risk-Managed Core Fund 0.02%
JAD INTECH Risk-Managed Value Fund 0.02%
3
Bank of America Corporation
Fund % of Portfolio
JAD INTECH Risk-Managed Value Fund 3.2%
Janus INTECH Risk-Managed Stock Fund 1.2%
JAD INTECH Risk-Managed Core Fund 1.2%
Aspen INTECH Risk-Managed Core Portfolio 1.2%
JCF INTECH US Risk-Managed Core Fund 1.3%
JCF INTECH Global Risk-Managed Core Fund 0.03%
It is important to note that INTECH has no view on individual securities. Rather, INTECH constructs portfolios by
applying a risk-managed mathematical investment process that attempts to capture the benchmark stocks’ relative
volatilities to generate a return in excess of the benchmark index. INTECH overweights and underweights stocks
relative to the benchmark weightings based on estimates of stocks’ relative volatility and correlation characteristics.
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Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus
containing this and other information, please call Janus at 1-800-525-3713 or download the file from janus.com.
Read it carefully before you invest or send money.
Holdings mentioned are subject to change without notice.
Funds distributed by Janus Distributors LLC (09/08)
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