Benefits of investing in the Janus Henderson Global Equity Income Fund

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

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

• Diversification - Access to a global equity investment strategy that offers increased potential for capital and income diversification through access to a broader range of companies and regions than a single country strategy.

• Professional management - Access to a highly experienced investment management team with a proven track record of managing concentrated global equity 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/en-au/ investor/documents. In addition you will receive regular unitholder statements and an annual tax statement and can access these statements through an online portal.

About the Fund

The Janus Henderson Global Equity Income Fund (Fund') seeks to achieve a dividend yield that exceeds the dividend yield of the MSCI World ex-Australia Index (net dividends reinvested) in AUD with the potential for long-term capital growth.

Some key features of the Fund include:

• Dividend seeking, valuation-driven process that focuses on companies with good and growing cashflow. Actively managed fund well diversified by sector and geography.

• The Fund seeks to achieve a dividend yield that exceeds the dividend yield of the Benchmark with the potential for long-term capital growth.

• Highly-experienced, dedicated team with more than 10 years' experience of running global equity income funds.

Investment approach

The Fund is actively managed and typically holds between 50-80 companies diversified across geographic regions and industrial sectors. The Fund seeks to deliver regular income distributions with the potential for long-term capital growth through its investment in companies that the Manager has identified as having the potential to generate strong and growing levels of free cash flow.

How we invest your money

The Fund will typically invest in 50-80 companies that the Manager has identified as having the potential to generate strong and growing levels of free cash flow with the aim that over the long term, a portfolio of above-average yielding companies with the ability to grow their dividends is likely to outperform the wider market. The investment approach used by the Manager is predominantly a bottom-up approach based on fundamental, qualitative analysis that aims to gain a clear understanding of companies and their markets. The Fund is diversified across geographic regions and industrial sectors to maximise returns and mitigate risk to income and capital.

Currency exposures will not be hedged back to the Australian dollar.

Asset allocation

• Global equities: 90-100%

• Cash: 0-10%

Under normal circumstances, the Fund will invest in shares of companies in any industry and listed in any country. The Fund may invest in equities (including equity like securities) and cash (such as money market instruments and bank deposits). The Fund may hold up to a maximum of 10% of its NAV in cash, however, the typical allocation to cash is expected to be less than 5%.