Benefits of investing in the Janus Henderson Australian Fixed Interest Fund

Investing in the Fund offers a range of benefits, including:

• Exposure to investment opportunities - Access to investment opportunities that individual investors may not be able to achieve on their own.

• Professional management - Access to a highly experienced investment management team with a proven track record of managing Australian fixed income portfolios.

• Global presence - Access to the investment knowledge and expertise of Janus Henderson's global network of investment professionals.

• Access your information - You can  keep regularly updated on your investment in the Fund and access Fund investment performance information at www.janushenderson.com/australia/funddocs. In addition you will receive regular unitholder statements and an annual tax statement and can access these statements through an online portal.

Risk level

Medium

Investor suitability

The Fund is intended to be suitable for investors who are comfortable to invest for at least three years.

Fund overview

The Fund invests in the Janus Henderson Australian Fixed Interest Fund - Institutional (ARSN 100 098 413) ('Underlying Fund') which is an actively managed portfolio of high quality interest bearing securities that seeks to provide a high level of capital protection. The Manager seeks to add value to the benchmark using a combination of active strategies including duration and yield curve management (actively managing the maturity profile of securities within the Fund), sector allocation and security selection.

Investment strategy

The Fund invests substantially all of its assets in the Underlying Fund and may also hold cash.

The Manager's investment approach is fundamentally driven and seeks to take advantage of situations where market pricing has become misaligned with economic and investment fundamentals.

The Manager applies a range of strategies that include duration and yield curve management (actively managing the maturity profile of securities within the Underlying Fund), sector rotation and individual security selection.

Investment Approach

The Fund is an actively managed portfolio of high quality interest bearing securities that seeks to provide a high level of capital protection. The Manager's investment approach is fundamentally driven and seeks to take advantage of situations where market pricing has become misaligned with economic and investment fundamentals. The Manager seeks to add value to the benchmark using a combination of active strategies including duration and yield curve management, sector allocation and security selection.

How we invest your money

Asset allocation

The Fund invests substantially all of its assets in the Underlying Fund and may also hold cash.

Under normal circumstances, the Underlying Fund will invest in a portfolio of cash and fixed interest securities including government, semi-government and supranational bonds, corporate debt and asset backed securities.

Investments may be made directly or indirectly through investments in other managed investment schemes.

The Underlying Fund may have exposure to non-Australian dollar denominated securities including limited exposure to non-Australian debt issuers. Where the Underlying Fund invests in non-Australian dollar denominated securities, the associated interest rate and currency risks will be as close to fully hedged as is practicable using appropriate derivative instruments.

Derivatives may be used solely for investment and risk management purposes and cannot be used to gear the Underlying Fund.