The opinions are those of Gibson Smith as of August 2012 and are subject to change at any time due to changes in market or economic conditions. The comments should not be construed as a recommendation of individual holdings or market sectors, but as an illustration of broader themes.
There is no assurance the stated objective(s) will be met.
Past performance is no guarantee of future results. Call 877.33JANUS (52687) or visit Janus.com/mutualfunds
for current month-end performance.
Please consider the charges, risks, expenses and investment objectives carefully before investing. Please see a prospectus, or if available, a summary prospectus containing this and other information. Read it carefully before you invest or send money.
ETFs are portfolios of stocks, bonds, or other investments that trade on an exchange. All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risks and non-diversification risks, which generally results in greater price fluctuation than the overall stock market.
Bonds in a portfolio are typically intended to provide income and/or diversification. In general, the bond market is volatile. Bond prices rise when interest rates fall and vice versa. This effect is usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.