Janus Launches Moderate Allocation Portfolio for Insurance Channel

Janus Capital Group Inc. (NYSE: JNS) today announced the launch of Janus Aspen Moderate Allocation Portfolio, which aims to provide investors with moderate growth through its investments in other Janus mutual funds. The portfolio seeks to invest in a diversified portfolio of underlying Janus mutual funds with a target allocation of approximately 60% stocks and 40% fixed-income instruments. The portfolio, which was launched on August 31, 2011, is managed by Dan Scherman, senior vice president and chief risk officer.

"With the market conditions of the last 36 months, our insurance partners are looking beyond traditional asset classes to risk-managed, hedgeable investment solutions,” said Scherman. "This risk-managed portfolio provides clearly stated asset allocation ranges that should enable actuaries to design better risk-aware portfolios for their clients while also offering exposure to Janus’ historically longer-term strong-performing equity and fixed income funds.”

The Janus Aspen Moderate Allocation Portfolio’s primary benchmark is the S&P 500 Index and the secondary benchmark is the Moderate Allocation Index, an internally calculated hypothetical combination of unmanaged indices that combines the total returns from the Dow Jones Wilshire 5000 Index (40%), the Barclays Capital U.S. Aggregate Bond Index (40%), the MSCI EAFE® Index (18%) and the MSCI Emerging Markets (Free) Index (2%).

According to Chris Furman, vice president and managing director, financial institutions, the Janus Aspen Moderate Allocation Portfolio is part of a longer-term product development strategy to bring new solutions to market in an effort to address Janus clients’ actuarial risk-management needs.

About Janus Capital Group Inc.

Janus Capital Group Inc. (JCG) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and risk-managed equities, fixed income and alternatives through one common distribution platform.

At the end of June 2011, JCG managed $169.8 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Milan, Munich, Singapore, Hong Kong, Tokyo and Melbourne.

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call Janus at 877.33JANUS (52687) or visit janus.com/variable-insurance. Read it carefully before you invest or send money.

Because Janus Capital is the adviser to the Portfolio and to the underlying funds held within the Portfolio, it is subject to certain potential conflicts of interest. Performance of Janus Aspen Moderate Allocation Portfolio depends on that of the underlying funds, which are subject to the volatility of the financial markets.

Any portfolio risk management process discussed includes an effort to monitor and manage risk which should not be confused with and does not imply low risk or the ability to control certain risk factors.

The normal asset allocation range for the portfolio in stocks is expected to be 55%-65% and in fixed-income investments is 35%-45%.

Past performance is no guarantee of future results.

There is no guarantee the investment process will lead to successful investing.

Fund distributed by Janus Distributors LLC (08/11)