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

PERFORMANCE
Average Annual Total Returns as of 03/31/2017
As of 04/21/2017As of 03/31/2017As of 03/31/2017As of 03/31/2017Annualized Returns as of 03/31/2017Annualized Returns as of 03/31/2017Since
Fund
Inception
Calendar YTD1 Month3 MonthQuarter Ending1 Year3 Year5 Year10 Year
I Shares12.01%3.09%3.09%11.35%11.35%11.35%9.33%9.33%------1.51%1.51%
MSCI Emerging Markets Index℠11.95%2.52%2.52%11.45%11.45%11.45%17.22%17.22%------4.26%4.26%
Annual Expense Ratio as of fiscal year-end 06/30/2016: Gross: 9.40% / Net: 1.13%

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.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/17.

INTECH's focus on managed volatility may keep the Fund from achieving excess returns over its index. The strategy may underperform during certain periods of up markets, and may not achieve the desired level of protection in down markets.

Returns include reinvestment of dividends and capital gains.

Returns greater than one year are annualized.

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

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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