This general information pertains to the manager responsible for the day-to-day management of the portfolio(s) available through Pacific Life's variable products and the information presented may not relate specifically to the available portfolio(s). The information is provided by and used with the permission of this manager.
Janus approaches portfolio management through extensive research based on the fundamental "bottom-up" analysis of individual securities.
Management Style
All Janus managers have full autonomy to construct portfolios on a stock-by-stock basis. Where some equity managers first choose favorable sectors, then individual companies within those sectors, Janus managers analyze and select individual companies. This bottom-up selection process is based on proprietary research which is conducted by an experienced staff of portfolio managers and securities analysts.
Portfolio Selection Process
In selecting securities for investment, Janus managers focus on two types of companies:
- Companies with above average unit growth versus their peer group or the general economy
- Companies that are realizing positive changes as a result of new product developments, a favorable regulatory environment or a shift in management
Research
- Investment team based in Denver, Colorado:
17 total portfolio managers and 47 total analysts
- Qualitative analysis:
Management presentations; product research (5 of the 34 Equity Research Analysts and 5 of the 13 Equity Portfolio Managers have a dual role as a Portfolio Manager and an Equity Research Analyst); interviews with competitors, suppliers and consumers
- Buy and sell decisions verified through fundamental research:
Site and management visits, extensive financial modeling, analysis of markets and competitors
Attributes
- Established as an advisory firm in 1969 by Thomas H. Bailey
- Janus Capital Group Inc., parent company of Janus, had approximately $123.5 billion in total assets under management as of December 31, 2008
Portfolios Managed
Pacific Select Fund
Janus Aspen Series
Janus Capital Management LLC
INTECH
Data as of December 31, 2008
Concentrated portfolios with fewer securities may be subject to greater price volatility.
Special risks such as currency fluctuations and political changes should be considered when investing in international markets.
Although some portfolios may have names or investment objectives that resemble retail mutual funds managed by the portfolio manager, these portfolios will not have the same underlying holdings or performance as the retail mutual funds.
You should carefully consider a variable life insurance product’s risks, charges, limitations and expenses, as well as the risks, charges, expenses and investment objectives of the underlying investment options. The accompanying product and underlying fund prospectuses contain this and other information about Pacific Life. Read them carefully before investing or sending money.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York, and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues, and its product and rider guarantees are backed by that company’s financial strength and claims-paying ability.
This material may only be used in New York.
Pacific Select Fund portfolios are available only through Pacific Life's variable products.
Shares of Janus Aspen Series are distributed by Janus Distributors LLC.
Janus Aspen Series is not affiliated with Pacific Life.
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