MUTUAL FUNDS

What most investors do in building a diversified portfolio – allocating resources across various asset classes based on a risk/reward target and rebalancing periodically – INTECH does at the stock level. INTECH’s process overweights stocks with low correlations and high relative price movements in an attempt to maximize the gains captured through dynamic portfolio rebalancing.

INTECH Global Income Managed Volatility Fund
INTECH U.S. Core Fund
INTECH U.S. Managed Volatility Fund
INTECH International Managed Volatility Fund
INTECH Emerging Markets Managed Volatility Fund

INTECH Emerging Markets Managed Volatility Fund

Inception Date: December 17, 2014

Characteristics as of 04/30/2017

TickerJOLIX
Cusip47103D355
Total Net Assets ( USD )4.80M
Price/Earnings Ratio (1 Yr. Forward)15.74
Earnings Growth Rate (1 Yr. Forward) %13.98
Price/Book Ratio2.44
Weighted Average Market Capitalization ( USD )18.55B
Weighted Median Market Capitalization ( USD )10.06B
Number of Equity Issues277
Number of Debt Issues0
Portfolio Turnover (1 Yr. Rolling) %105.47

Top 10 Holdings as of 04/30/2017, % of Fund

View All Holdings

AAC Technologies Holdings Inc
Chunghwa Telecom Co Ltd
Country Garden Holdings Co Ltd
Emirates Telecommunications Group Co PJSC
Geely Automobile Holdings Ltd
National Bank of Abu Dhabi PJSC
NetEase Inc (ADR)
New Oriental Education & Technology Group Inc (ADR)
Taiwan Mobile Co Ltd
Tatneft PJSC (ADR)
Total18.44

Sector Allocation as of 04/30/2017, % of Fund

Financials 20.31
Materials 12.42
Energy 11.35
Information Technology 10.98
Consumer Discretionary 10.95
Telecommunication Services 10.63
Consumer Staples 6.03
Industrials 5.89
Health Care 4.07
Utilities 3.57
Real Estate 3.26
Cash & Equivalents 0.54
Total100.00

Regional Exposure as of 04/30/2017, % of Fund

Asia/Pacific Ex Japan 69.08
Europe 13.30
Africa/Mideast 9.62
Latin America 7.46
Cash & Equivalents 0.54
Total100.00

Risk/Return Statistics 3-Year vs MSCI Emerging Markets Index℠ as of 04/30/2017 (Class I Shares)

Alpha-
Beta-
R-Squared-
Sharpe Ratio-
Correlation Coefficient-
Standard Deviation-
Information Ratio-

Asset Allocation as of 04/30/2017, % of Fund

Non-US Common Stock 98.10
Non-US Preferred Stock 1.36
Cash & Equivalents 0.54
Total100.00

Capitalization Ranges of Equity Holdings as of 04/30/2017, % of Fund

Over $100B 2.11
$25B to $100B 19.95
$15B to $25B 15.04
$2B to $15B 60.04
Under $2B 0.50
N/A 1.82
Total99.46

Industry Allocation as of 04/30/2017, % of Fund

Diversified Banks 15.33
Integrated Telecommunication Services 6.90
Oil & Gas Refining & Marketing 4.09
Automobile Manufacturers 3.75
Wireless Telecommunication Services 3.73
Pharmaceuticals 3.38
Oil & Gas Exploration & Production 3.12
Commodity Chemicals 3.10
Integrated Oil & Gas 3.02
Education Services 3.01
Total 49.43

Annual Fees and Expenses as of fiscal year-end 06/30/2016

Management Fees0.95%
Other Expenses8.45%
Total Gross Expenses9.40%
Waivers-8.27%
Total Net Expenses1.13%

Mutual fund investing involves market risk. Investment return and fund share value will fluctuate and it is possible to lose money by investing.

Equity country, regional, sector and industry weights based on MSCI and GICS classifications. Fixed income country, regional, sector and industry weights based on Barclays classifications.

Holdings are subject to change without notice.

The weighting of securities within the Fund's portfolio may differ significantly from the weightings within the index. The index is unmanaged and not available for direct investment; therefore its performance does not reflect the expenses associated with the active management of an actual portfolio.

MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets.

INTECH Investment Management LLC is a subsidiary of Janus Capital Group Inc. and serves as the sub-adviser on certain products.

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