Risk Management Matters.
Risk-managed strategies designed to limit relative risk while providing upside potential are,
perhaps, more important today than ever before. For more than 20 years, risk management has
been at the heart of INTECH’s mathematically driven investment process. And as our risk
statistics indicate, a disciplined approach to investing can result in a favourable risk/reward profile.
For more information on INTECH’s strategies, please contact;
Howard Nowell email howard.nowell@janus.com +44 20 7410 1515
Brian Clay email brian.clay@janus.com +44 20 7410 1528
INTECH Alpha and Information Ratio Rankings (Since Inception – Period Ended 6/30/08)
US Enhanced US Large Cap US Large Cap US Enhanced US Large Cap Global International
Plus Growth Value Index Core Core Equity
Composite Composite Composite Composite Composite Composite Composite
Percentile Ranking
Alpha
1
1.58 5.13 2.74 1.24 3.27 3.48 4.95
Information Ratio
2
0.75 1.04 0.56 0.97 0.89 1.16 1.34
Inception Date 7/87 7/93 7/93 4/98 8/01 1/05 10/06
Data source: Zephyr StyleAdvisor. Data presented reflects past performance, which is no guarantee of future results.
{
“The reward of a thing well done is to have done it”
Ralph Waldo Emerson
}
A JANUS CAPITAL Group Company
1
Alpha is a measure of the return for asset-specific (or residual) risk and is used as a measure of a manager’s contribution to performance due to security or sector selection.
2
The Information Ratio is a risk statistic that measures the excess return per unit of residual “non-market” risk in a portfolio.The ratio is equal to the Alpha divided by Residual Risk.
Data presented reflects past performance, which is no guarantee of future results. Gross performance of the composite reflects reinvestment of dividends and other earnings. Results
for the full period are time weighted rates of total return using daily valuation. Composite results are dollar weighted based on beginning of month asset values. Fully accrued, trade
date accounting is used. Performance results are stated gross of fees, which vary by account size and other factors. Returns for each client will be reduced by such fees and expenses
as negotiated in any client contract. No account has been taken for taxation as the impact of taxation depends upon individual circumstances. The proprietary mathematical process
used by INTECH may not achieve the desired results. Since the portfolio is regularly re-balanced, this may result in a higher portfolio turnover rate, higher expenses and potentially
higher net taxable gains or losses compared to a “buy and hold”or index fund strategy. Zephyr Style Advisor is an outside vendor whose software has been used by INTECH to
create these exhibits.A fee was paid to Zephyr for the use of the software.The number of mangers in this universe for the time period shown above are for the following composites:
Enhanced Plus, Custom Core Universe, (49 managers); Large Cap Growth, Large Cap Growth Style Equity Style, (169 managers): Large Cap Value, Large Cap Value Equity Style (170
managers): Enhanced Index, Custom Enhanced Universe, (31 managers): Large Cap Core, Custom Core Universe, (331 managers): Global Core, International Equity Global Style, (102
managers): International Equity, International Equity Core Style (470 managers). Manager results are presented gross of fees and are annualized for periods of one year or longer.This
document does not constitute investment advice, form part of an offer to provide discretionary or non-discretionary investment management or advisory services or an offer to sell,
buy or a recommendation of any securities. Large Cap Core and International Equity composite data presented quarterly from first full quarter since inception. INTECH may act as
sub-adviser to Janus Capital International Limited.This information does not constitute or form part of an offer to provide discretionary or non-discretionary investment management
Best Quantitative Manager
of advisory services, other than pursuant to an agreement in compliance with applicable laws, rules and regulations. Issued by Janus Capital International Limited, authorised and
of the Year
regulated by the Financial Services Authority.The distribution of this document or the information contained in it may be restricted by law and may not be used in any jurisdiction or
any circumstances in which its use would be unlawful.
For Institutional Use Only EB-1008(37)1009 Europe Inst
07 interview.indd 6 27/11/08 15:10:19
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