JDAIX Diversified Alternatives Fund

Diversified risk premia strategy seeking absolute returns with low correlations to stocks and bonds

NAV
$9.12
As of 05/28/2020

1-Day Change
$0.00 (0.00%)
As of 05/28/2020

YTD Return
-5.39%
As of 05/28/2020

Effective on or about 4/8/20, the Fund is closed to new investors. The Fund expects to liquidate on or about 6/12/20, subject to the closure of its wholly owned subsidiary, and may deviate from its stated investment strategies and policies as it prepares for liquidation.  See the prospectus supplement for further details.

Overview

ABOUT THIS FUND

This liquid alternatives fund seeks to provide positive absolute returns with true diversification through low correlation to stocks and bonds. We invest in a portfolio of traditional and nontraditional investable risk premia derived from equity, fixed income, currency and commodity asset classes. By targeting a broad collection of statistically independent sources of return, we believe we are in a position to create a more robust portfolio that provides, over time, a generally more stable source of return with a targeted volatility of 7% to 9%, significantly less than the long-term volatility of stocks.

WHY INVEST IN THIS FUND

Target Absolute Return
The portfolio seeks to deliver absolute returns over a full market cycle.

Seeks Constant Volatility
The portfolio targets 8% annualized volatility over a full market cycle.

Diversification
The portfolio seeks to provide diversification through low correlation to traditional assets such as stocks and bonds.

Knowledge. Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions.

We call this ethos Knowledge. Shared.

PORTFOLIO MANAGEMENT

John Fujiwara

Portfolio Manager, Diversified Alternatives

Industry since 1987. Joined Firm in 2012.

Aneet Chachra, CFA

Portfolio Manager | Diversified Alternatives

Industry since 2000. Joined Firm in 2012.

Performance

RETURNS (%) (As of 03/31/2020)
Diversified Alternatives Fund - Class I Shares FTSE 3-Month Treasury Bill Index FTSE 3 Month Treasury +3%
 
3M YTD 1YR 3YR 5YR Since Inception
(12/28/2012)
Diversified Alternatives Fund - Class I Shares -5.29 -5.29 -6.42 -2.11 -0.75 -0.10
FTSE 3-Month Treasury Bill Index 0.39 0.39 2.04 1.74 1.12 0.79
FTSE 3 Month Treasury +3 1.13 1.13 5.04 4.74 4.13 -
RETURNS (%) (As of 04/30/2020)
Diversified Alternatives Fund - Class I Shares FTSE 3-Month Treasury Bill Index FTSE 3 Month Treasury +3%
 
3M YTD 1YR 3YR 5YR Since Inception
(12/28/2012)
Diversified Alternatives Fund - Class I Shares -1.83 -5.29 -7.08 -2.49 -0.77 -0.10
FTSE 3-Month Treasury Bill Index 0.33 0.47 1.92 1.75 1.14 0.79
FTSE 3 Month Treasury +3 1.07 1.46 4.91 4.75 4.14 -
CALENDAR YEAR RETURNS (%)
Diversified Alternatives Fund - Class I Shares FTSE 3-Month Treasury Bill Index
 
  2013 2014 2015 2016 2017 2018 2019
Diversified Alternatives Fund - Class I Shares -0.80 2.72 -5.17 9.11 3.87 -4.39 0.04
FTSE 3-Month Treasury Bill Index - 0.03 0.03 0.27 0.84 1.86 2.25

MORNINGSTAR PERCENTILE

(As Of 03/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 56 74 55 - 82
Multialternative Category|Rank/Count 190/307 202/263 136/229 -/- 129/153
(As Of 04/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 71 85 66 - 84
Multialternative Category|Rank/Count 225/304 223/265 165/238 -/- 130/151
GROWTH OF A HYPOTHETICAL INVESTMENT
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2019)
CLASS I SHARES
Management Fees 1.00%
12b-1 Fees -
Other Expenses 0.62%
Total Gross Expenses 1.62%
Waivers -0.47%
Total Net Expenses 1.15%

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index

Top Holdings (Based on absolute notional exposure, As of 04/30/2020)
Cash and Equivalents
View full holdings

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