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. Managed Volatility Fund

Inception Date: December 30, 2005

Characteristics as of 12/31/2016

TickerJRSIX
Cusip47103A716
Total Net Assets ( USD )519.89M
Price/Earnings Ratio (1 Yr. Forward)23.15
Earnings Growth Rate (1 Yr. Forward) %9.90
Price/Book Ratio3.93
Weighted Average Market Capitalization ( USD )35.29B
Weighted Median Market Capitalization ( USD )14.89B
Number of Equity Issues356
Number of Debt Issues0
Portfolio Turnover (1 Yr. Rolling) %73.81

Top 10 Holdings as of 12/31/2016, % of Fund

View All Holdings

Altria Group Inc
American Water Works Co Inc
Digital Realty Trust Inc
General Mills Inc
NVIDIA Corp
Newmont Mining Corp
Republic Services Inc
Reynolds American Inc
Southern Co
Ulta Salon Cosmetics & Fragrance Inc
Total18.47

Sector Allocation as of 12/31/2016, % of Fund

Consumer Staples 14.38
Financials 13.93
Utilities 13.64
Information Technology 12.86
Health Care 9.71
Industrials 8.81
Real Estate 8.35
Consumer Discretionary 6.76
Materials 4.13
Energy 3.92
Telecommunication Services 2.51
Cash & Equivalents 1.00
Total100.00

Regional Exposure as of 12/31/2016, % of Fund

North America 98.86
Europe 0.14
Cash & Equivalents 1.00
Total100.00

Risk/Return Statistics 3-Year vs Russell 1000 Index as of 12/31/2016

Alpha0.62
Beta0.70
R-Squared0.6598
Sharpe Ratio0.69
Correlation Coefficient0.81
Standard Deviation9.34
Information Ratio-0.32

Asset Allocation as of 12/31/2016, % of Fund

US Common Stock 98.86
Non-US Common Stock 0.14
Cash & Equivalents 1.00
Total100.00

Capitalization Ranges of Equity Holdings as of 12/31/2016, % of Fund

> 100B 7.23
25B - 100B 23.85
15B - 25B 18.15
2B - 15B 49.77
Total99.00

Industry Allocation as of 12/31/2016, % of Fund

Electric Utilities 6.30
Packaged Foods & Meats 5.32
Tobacco 5.17
Health Care Equipment 4.59
Multi-Utilities 4.27
Aerospace & Defense 3.51
Semiconductors 3.33
Property & Casualty Insurance 3.31
Specialized REITs 2.72
Gold 2.43
Total 40.95

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

Management Fees0.50%
Other Expenses0.15%
Total Gross Expenses0.65%
Waivers0.00%
Total Net Expenses0.65%

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.

Russell 1000® Index measures the performance of the 1,000 largest companies in the Russell 3000® Index.

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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