Benefits of investing in the Janus Henderson Conservative 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 cash enhanced 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.

Risk level

Low

Investor suitability

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

About the Fund

A fundamentally driven approach seeking to take advantage of situations where market pricing has become misaligned with economic and investment fundamentals.

Some key features of the Fund include:

• An actively managed portfolio of high quality interest bearing securities that seeks to provide returns in excess of cash and a high level of capital protection.

• The Fund seeks to achieve a total return before fees that exceeds the total return of the Bloomberg AusBond Bank Bill Index by 0.50% p.a., over rolling three-year periods.

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

Investment approach

The Fund invests in the Underlying Fund which is an actively managed portfolio of high quality interest bearing securities that seeks to provide returns in excess of cash and a high level of capital protection. The Manager seeks to add value using a combination of interest rate and yield enhancement strategies.

How we invest your money

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, fixed and floating interest rate securities including bank securities, government, semi-government bonds and supranational bonds, asset backed securities and corporate 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.

Investment policy

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.

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

A key feature of the Underlying Fund's investment strategy is to hold a significant proportion of the Underlying Fund's investments in securities structured to pay a fixed margin over prevailing bank bill rates.

Asset allocation

• Cash and fixed/floating interest rate securities: 100%