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 U.S. Core Fund

Inception Date: February 28, 2003

Characteristics as of 03/31/2017

TickerJRMCX
Cusip47103C308
Total Net Assets ( USD )614.33M
Price/Earnings Ratio (1 Yr. Forward)20.55
Earnings Growth Rate (1 Yr. Forward) %10.15
Price/Book Ratio3.66
Weighted Average Market Capitalization ( USD )37.21B
Weighted Median Market Capitalization ( USD )25.43B
Number of Equity Issues200
Number of Debt Issues0
Portfolio Turnover (1 Yr. Rolling) %123.53

Top 10 Holdings as of 03/31/2017, % of Fund

View All Holdings

Applied Materials Inc
Baker Hughes Inc
Constellation Brands Inc
Equinix Inc
Micron Technology Inc
Morgan Stanley
NVIDIA Corp
Newmont Mining Corp
Northrop Grumman Corp
Williams Cos Inc
Total18.22

Sector Allocation as of 03/31/2017, % of Fund

Information Technology 22.35
Financials 21.87
Industrials 12.99
Energy 10.56
Utilities 8.28
Consumer Staples 5.71
Health Care 5.54
Consumer Discretionary 5.44
Real Estate 4.23
Materials 2.61
Cash & Equivalents 0.42
Total100.00

Regional Exposure as of 03/31/2017, % of Fund

North America 98.53
Europe 1.05
Cash & Equivalents 0.42
Total100.00

Risk/Return Statistics 3-Year vs S&P 500 Index as of 03/31/2017 (Class I Shares)

Alpha0.21
Beta0.89
R-Squared0.8863
Sharpe Ratio0.94
Correlation Coefficient0.94
Standard Deviation9.81
Information Ratio-0.28

Asset Allocation as of 03/31/2017, % of Fund

US Common Stock 98.53
Non-US Common Stock 1.05
Cash & Equivalents 0.42
Total100.00

Capitalization Ranges of Equity Holdings as of 03/31/2017, % of Fund

> 100B 4.35
25B - 100B 48.26
15B - 25B 26.09
2B - 15B 20.88
Total99.58

Industry Allocation as of 03/31/2017, % of Fund

Semiconductors 8.00
Regional Banks 6.82
Life & Health Insurance 5.56
Aerospace & Defense 5.27
Multi-Utilities 4.09
Electric Utilities 3.95
Oil & Gas Equipment & Services 3.52
Semiconductor Equipment 3.39
Investment Banking & Brokerage 3.15
Oil & Gas Exploration & Production 2.85
Total 46.60

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

Management Fees0.56%
Other Expenses0.12%
Total Gross Expenses0.68%
Waivers0.00%
Total Net Expenses0.68%

Subject to shareholder approval, the Fund is expected to merge into a similar fund. See the prospectus for further details.

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

Closed to certain new investors.

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.

S&P 500® Index is a commonly recognized, market capitalization weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance.

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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