Janus Aspen Series
Janus Aspen INTECH U.S. Low
Volatility Portfolio
Supplement dated February 15,
2013
to Currently Effective Prospectuses
The following replaces the corresponding information for
Janus Aspen INTECH U.S. Low Volatility Portfolio
(the “Portfolio”).
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1.
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The following replaces in its entirety the corresponding
information found under
“Management”
in the
Portfolio Summary
section of the Portfolio’s
Prospectus:
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Portfolio Management:
A team of investment
professionals consisting of
Adrian Banner
, Ph.D.
(Chief Executive Officer since November 2012 and Chief
Investment Officer since January 2012),
Vassilios
Papathanakos
, Ph.D. (Deputy Chief Investment Officer
since November 2012),
Joseph W. Runnels
, CFA (Vice
President of Portfolio Management since March 2003), and
Phillip Whitman
, Ph.D. (Director of Research since
November 2012) works together to implement the mathematical
investment process. No one person of the investment team is
primarily responsible for implementing the investment strategies
of the Portfolio.
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2.
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The following replaces in its entirety the corresponding
information in the
“Investment Personnel”
section of the Prospectus related to the portfolio
management of the Portfolio:
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A team of investment professionals consisting of Adrian Banner,
Vassilios Papathanakos, Joseph W. Runnels, and Phillip Whitman
works together to implement the mathematical investment process.
No one person of the investment team is primarily responsible
for implementing the investment strategies of the Portfolio.
Adrian Banner
, Ph.D., has been Chief Executive
Officer since November 2012 and Chief Investment Officer since
January 2012. Dr. Banner, previously Co-Chief Investment
Officer from January 2009 to December 2011, Senior Investment
Officer from September 2007 to January 2009, and Director of
Research from August 2002 to August 2007, joined INTECH in
August 2002. He received his Ph.D. in Mathematics from Princeton
University and holds a M.Sc. and a B.Sc. in Mathematics from the
University of New South Wales, Australia. Dr. Banner has
delivered lectures on the stability of market capitalization at
a number of academic and professional conferences.
Dr. Banner implements the optimization process and
supervises implementation of the portfolio management and
trading process. He conducts mathematical research on the
investment process and reviews and recommends improvements.
Vassilios Papathanakos
, Ph.D., has been Deputy Chief
Investment Officer since November 2012. Dr. Papathanakos,
previously Director of Research from July 2007 to November 2012,
joined INTECH in October 2006 as Associate Director of Research.
He received his Ph.D. in Physics from Princeton University and
holds a B.S. in Physics from the University of Ioannina, Greece.
Dr. Papathanakos taught at Princeton University, at the
undergraduate and graduate level. Dr. Papathanakos lectured
on both theoretical and applied aspects of investing at a number
of academic and professional conferences. Dr. Papathanakos
implements the optimization process and collaborates in the
execution of portfolio management and trading. He conducts
mathematical research within the framework of Stochastic
Portfolio Theory.
Joseph W. Runnels
, CFA, has been Vice President of
Portfolio Management since March 2003. Mr. Runnels joined
INTECH in June 1998. Mr. Runnels holds a B.S. in Business
Administration from Murray State University. Mr. Runnels
implements the
day-to-day
portfolio management and trading process for client portfolios.
He also handles brokerage relationships and supervises the daily
execution of trading for client accounts. Mr. Runnels holds
the Chartered Financial Analyst designation.
Phillip Whitman
, Ph.D., has been Director of
Research since November 2012. Dr. Whitman joined INTECH in
November 2010 as Associate Director of Research. Prior to
joining INTECH, Dr. Whitman was enrolled in the Ph.D.
program (mathematics) at Princeton University from 2005 through
November 2010, where he also served as a Course Instructor
(2008) and Assistant Instructor (2009) for
Multivariable Calculus. He received his Ph.D. in Mathematics
from Princeton University and holds a B.S. in Mathematics from
the University of Texas. Dr. Whitman collaborates on
theoretical and applied aspects of the mathematical investment
process.
Please
retain this Supplement with your records.