Description

Under typical market conditions, the fund endeavors to attain its investment objective by allocating a minimum of 80% of its total net assets, along with any capital obtained through borrowing, into shares of mutual funds and exchange-traded funds (ETFs). These specific underlying funds are managed by Janus Henderson Investors U.S. LLC, an indirect, wholly-owned subsidiary of Janus Henderson Group plc, and are collectively referred to as "Janus Henderson underlying funds."