OREANDA-NEWS. Janus Capital Group Inc. (“JCG”) (NYSE: JNS) today reported third quarter 2015 net income of $19.9 million, or $0.10 per diluted share, or $0.22 as adjusted for early retirement of debt, compared with second quarter 2015 net income of $44.7 million, or $0.23 per diluted share, and net income of $40.9 million, or $0.22 per diluted share, in the third quarter 2014. Third quarter 2015 included a $0.12 per diluted share loss from the early retirement of all outstanding $344.5 million aggregate principal amount of the Company’s 6.70% Senior Notes due June 15, 2017.

Flows, Assets Under Management, and Exchange-Traded Products

Average assets under management during the third quarter 2015 were $192.1 billion compared with $193.0 billion during the second quarter 2015 and $176.5 billion during the third quarter 2014.

At September 30, 2015, JCG’s complex-wide assets totaled $185.0 billion compared with $192.5 billion at June 30, 2015, and $174.4 billion at September 30, 2014. The decrease in complex-wide assets during the third quarter 2015 reflects net market depreciation of $11.0 billion, long-term net outflows of $3.3 billion, exchange-traded product net outflows of $0.4 billion, and money market net inflows of $0.1 billion. Mathematical equity, fundamental equity (Janus and Perkins flows), and fixed income long-term net outflows totaled $1.6 billion, $1.5 billion and $0.2 billion, respectively. The July 1, 2015 acquisition of Kapstream Capital Pty Limited (“Kapstream”) contributed $7.1 billion in fixed income assets.

Investment Performance

As of September 30, 2015, 56% of complex-wide mutual funds had a 4- or 5-star Overall Morningstar RatingTM.1

As of September 30, 2015, 69%, 75% and 56% of fundamental equity mutual fund assets ranked in the top half of their Morningstar categories on a one-, three- and five-year total return basis, respectively.2

As of September 30, 2015, 75%, 100% and 100% of fixed income mutual fund assets ranked in the top half of their Morningstar categories on a one-, three- and five-year total return basis, respectively.3

As of September 30, 2015, 80%, 53% and 75% of mathematical equity relative return strategies surpassed their respective benchmarks, net of fees, over the one-, three- and five-year periods, respectively.4

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1

   For the period ending September 30, 2015, 58%, 50% and 65% of complex-wide mutual funds had a 4- or 5-star Morningstar rating for the 3-, 5- and 10-year periods based on risk-adjusted returns for 50, 40 and 31 funds, respectively. 50 funds were included in the analysis for the Overall period.
 
2   References Morningstar relative performance on an asset-weighted basis. For the 10-year period ending September 30, 2015, 72% of the fundamental equity mutual fund assets outperformed the majority of their Morningstar peers based on total returns. For the 1-, 3-, 5- and 10-year periods ending September 30, 2015, 68%, 64%, 55% and 69% of the 41, 39, 33 and 26 fundamental equity mutual funds outperformed the majority of their Morningstar peers based on total returns.
 
3   References Morningstar relative performance on an asset-weighted basis. For the 10-year period ending September 30, 2015, 100% of the fixed income mutual fund assets outperformed the majority of their Morningstar peers based on total returns. For the 1-, 3-, 5- and 10-year periods ending September 30, 2015, 75%, 100%, 100% and 100% of the 8, 6, 4 and 4 fixed income mutual funds outperformed the majority of their Morningstar peers based on total returns.
 
4   Mathematical relative return strategies exclude absolute volatility strategies. For the period ending September 30, 2015, 100%, 100%, 100% and 60% of the relative return mathematical equity mutual funds were beating their benchmarks on a 1-, 3-, 5-year and since-fund inception basis. Funds included in the analysis and their inception dates are: INTECH U.S. Core Fund – Class T (2/03); INTECH U.S. Managed Volatility Fund – Class I (12/05); INTECH International Managed Volatility Fund – Class I (5/07); INTECH Global Income Managed Volatility Fund – Class I (12/11) and INTECH Emerging Markets Managed Volatility Fund – Class I (12/14).