JRNY tracks the S-Network Global Travel Index, which is designed to identify exchange-traded stocks of companies that are materially engaged in the global travel industry. Relevant companies include airlines, hotels, casinos and cruise lines, companies that support those industries such as booking and rental agencies, and companies that stand to benefit from the overall global travel industry such as luxury retail and leisure activities.

JIB pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. For purposes of this 80% policy, the term bonds refers to a variety of fixed-income securities and instruments of all types and maturities, including, but not limited to, mortgage-backed securities, asset-backed securities, corporate bonds, U.S. Treasury obligations, U.S. government and agency securities, commercial paper, loan interests, and funds that invest in short-term debt (such as money market funds). 

JZRO pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus anyborrowings for investment purposes) in equity securities of companies whose products, services and activities are considered by Janus Capital as contributing to or benefiting from the goal of achieving  net zero  carbon emissions through the decarbonization of the global economy, such as carbon reduction, energy transition, sustainable mobility, sustainable industry, and sustainable agriculture. 

MINO seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). The Fund may invest up to 30% of its assets in high yield securities. The Fund may invest significantly in Municipal Bonds of specific projects, including those that finance education, health care, housing, transportation, utilities and other similar projects, and industrial development bonds. The Fund may invest significantly in issuers of particular jurisdictions, such as California and New York.

SCRD pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. dollar denominated corporate bonds and commercial paper of various maturities. Under normal circumstances, no more than 15% of the Fund's net assets will be invested in securities rated below investment grade (sometimes referred to as  junk  bonds); however, such bonds will have a minimum rating of B- by a Nationally Recognized Statistical Ratings Organization ( NRSRO ) or, if unrated, determined to be of comparable credit quality by Janus Capital. 

SMI is an actively managed exchange-traded fund (ETF) that seeks current income generally exempt from federal income tax by investing in investment grade municipal debt securities that have been issued to fund operations or projects that support or advance sustainable development, as well as promote positive social and environmental outcomes.

SSPX pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities that are economically tied to the U.S. The Fund seeks to invest incompanies whose products and services are considered by Janus Capital as contributing to positive environmental or social change and sustainable economic development, including those that are strategically aligned with environmental and social mega trends such as climate change, resource constraints, growing populations, and aging populations. 

SXUS pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund seeks to invest in companies whose products and services are considered by Janus Capital as contributing to positive environmental or social change and sustainable economic development, including those that are strategically aligned with environmental and social mega trends such as climate change, resource constraints, growing populations, and aging populations. The Fund primarily invests in equity securities of companies that are economically tied to countries outside of the United States, including investments in emerging markets. 

The Children Investment Fund invests in a portfolio of fixed income securities, equity securities and commodities. The Children Investment Fund will gain exposure to such equity securities, fixed income securities and commodities indirectly by investing in both actively and passively managed mutual funds and exchange-traded funds (collectively, the  underlying funds ). The Children Investment Fund will typically invest 5-15% of its assets in securities of companies where child-related expenses may be expected to be spent including clothing companies, food distributors and entertainment companies.

HOM invests in a portfolio of fixed income securities, equity securities and commodities. The Homeowner Investment Fund will gain exposure to such equity securities, fixed income securities and commodities indirectly by investing in both actively and passively managed mutual funds and exchange-traded funds (collectively, the  underlying funds ). HOM will typically invest 5-15% of its assets in securities of companies in housing related industries including home furnishing companies, appliance companies, home builders and lumber companies.

RAYS invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the Solactive Solar Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the Solactive Solar Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index.

SAVN invests in a portfolio of fixed income securities, equity securities and commodities. The General Fund will gain exposure to such equity securities, fixed income securities and commodities indirectly by investing in both actively and passively managed mutual funds and exchange-traded funds (collectively, the  underlying funds ). In addition to underlying funds, the General Conservative Investment Fund may only invest directly in U.S. large and mid-cap equity securities, U.S. investment grade corporate and municipal bonds, U.S. Treasuries and Treasury inflation-protected securities (TIPS).

SUNY invests in a portfolio of fixed income securities, equity securities and commodities. The Vacation Investment Fund will gain exposure to such equity securities, fixed income securities and commodities indirectly by investing in both actively and passively managed mutual funds and exchange-traded funds (collectively, the  underlying funds). The Vacation Investment Fund will typically invest 5-15% of its assets in securities of companies in travel and hospitality related industries including airlines, hotel and lodging companies and restaurants.

WLTH invests in a portfolio of equity securities, debt securities and commodity-linked instruments. Equity securities include common stock, preferred stock, securities convertible into common stock, rights and warrants or securities or other instruments whose price is linked to the value of common stock. The Wealth Builder Fund may invest in such equity and fixed income securities directly or indirectly by investing in both actively and passively managed mutual funds and exchange-traded funds (collectively, the  underlying funds ). The Wealth Builder Fund may also in investment vehicles such as exchange traded funds that invest exclusively in commodities and are designed to provide commodities exposure without direct investment in physical commodities.

WNDY invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the Solactive Wind Energy Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. 

CYA invests in fixed income and income generating ETFs. The Fund will invest between 50-90% of the Fund s assets in income generating ETFs including affiliated funds managed by the adviser. The Fund considers an ETF an income generating ETF if the ETF demonstrates an attractive distribution or income yield (i.e., a yield that is greater than 2 year Treasury notes), for example ETFs that invest in REITs or MLPs or ETFs that seek to provide the inverse of the S&P 500 VIX Short-Term Futures Index. 

The investment objective of DFAX (the "World ex US Core Equity ETF" or "Portfolio") is to achieve long-term capital appreciation while minimizing federal income taxes on returns. ETF intends to purchase securities of companies associated with developed market and emerging market countries, which may include frontier markets (emerging market countries in an earlier stage of development), that the Advisor has designated as approved markets. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in non-U.S. equity securities and/or investments that provide exposure to non-U.S. securities. 

The investment objective of DFIV is to achieve long-term capital appreciation while minimizing federal income taxes on returns. To achieve its investment objective, the International Value ETF will generally purchase securities of large non-U.S. companies in countries with developed markets that the Advisor determines to be lower relative price stocks. 

SIFI invests primarily in fixed income instruments, including fixed income derivative instruments such as credit default swaps and U.S. Treasury futures. The Fund may invest in exchange-traded funds to manage aggregate portfolio exposures. The Fund may also invest in the securities of foreign issuers, including emerging market bonds. The Fund may invest a majority of its assets in below investment-grade corporate bonds, commonly referred to as  high yield  or  junk  bonds, or unrated securities that BlueCoveLimited (the  Subadviser ) considers to be of an equivalent credit quality. 

Under normal market conditions, SIHY invests at least 80% of its net assets, plus borrowings for investment purposes, in a portfolio of below investment-grade corporate bonds, commonly referred to as  high yield  or  junk  bonds, or unrated securities that BlueCove Limited (the  Subadviser ) considers to be of an equivalent credit quality, which may be represented by derivative instruments, including futures and swaps. 

ESUS is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the MSCI USA ESG Focus Index Gross Total Return USD, less financing costs and tracking fees. The MSCI USA ESG Focus Index Gross Total Return USD is derived by selecting constituents of the MSCI USA Index (Bloomberg:  M2US Index )(the  Parent Index ), through an optimization process that aims to maximize exposure of environmental, social and governance ( ESG ) factors for a target tracking error budget under certain constraints. The Underlying Index is sector-diversified and targets companies with high ESG ratings in each sector. Companies involved in tobacco, controversial weapons, fossil fuel extraction and thermal coal power are not eligible for inclusion in the Index. 

GTEK seeks long-term growth of capital. GTEK seeks to keep investors on the right side of disruption by looking beyond backward-looking benchmarks to identify innovative, attractively-valued companies aligned with durable secular growth themes.

HCOM is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in a range of commodity related derivative instruments, primarily futures contracts and other commodity linked derivative instruments (including but not limited to futures on commodities, commodity related securities or commodity indices and swaps on physical commodities), and structured notes. The Fund may also invest in foreign currency (e.g. forward currency contracts, currency options, and swaps on currencies), and cash or cash equivalents including certificates of deposit, treasury bills, and floating rate notes. 

IFED is an Exchange Traded Note linked to the performance of the IFED Large-Cap US Equity Index Total Return, less tracking fees. The IFED Large-Cap US Equity Index Total Return is a composite of large-cap U.S. equities that is designed to maximize exposure to those equities best positioned to benefit from the prevailing monetary environment. The Underlying Index uses a combination of Federal Reserve Board (the  Federal Reserve ) policy developments and twelve firm-specific metrics to select and weight stocks via a transparent and rules-based active strategy.

USVT is designed for those who seek enduring, liquid value exposure through passive management. USVT tracks the investment results of the Lyrical U.S. Value Index (the  Index ). The Index creation process begins with an assessment of the top 1,000 U.S. stocks by market capitalization and then uses an investment screen to cull the universe to 200. Generally, the approach emphasizes analyst projections for one-year-forward price-to-earnings ratios. 

BSCV is based on the Nasdaq BulletShares USD Corporate Bond 2031 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, investment-grade corporate bonds with effective maturities in 2031.

BSJT is based on the Nasdaq BulletShares USD High Yield Corporate Bond 2029 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, high yield corporate bonds with effective maturities in 2029.

BSMV is based on the Invesco BulletShares USD Municipal Bond 2031 Index (Index). The Fund will invest at least 80% of its total assets in municipal bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, issued by US state, state agencies, or local governments with effective maturities in 2031.

PSIL is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in (i) securities of companies that derive at least 50% of their net revenue from or devote 50% of their assets to  psychedelic drugs and (ii) derivatives that have economic characteristics similar to such securities. The Fund primarily invests in publicly listed life sciences companies focused on psychedelic medicines as well as other companies with activities in the psychedelics business. 

The investment objective of QSPT is to seek to provide investors with returns that match the price return of the Invesco QQQ Trust SM, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 13.65% (before fees, expenses and taxes) and 12.75% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer against the first 10% (before fees, expenses and taxes) of Underlying ETF losses, over the period from September 20, 2021 through September 16, 2022. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the Underlying ETF.

The investment objective of YSEP is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the iShares MSCI EAFE ETF (the "Underlying ETF"), up to a predetermined upside cap of 12.93% (before fees, expenses and taxes) and 12.03% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer against the first 10% (before fees, expenses and taxes) of Underlying ETF losses, over the period from September 20, 2021 to September 16, 2022. 

BSEA seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Marine Money Decarbonization Index. The Marine Money Decarbonization Index (MMDI or  the Index ) tracks the performance of the equity securities of a diversified set of global companies that develop technologies, manufacture equipment or provide services related to marine or ocean decarbonization. This includes companies involved in cleaner propulsion (including alternative fuels, batteries, and fuel cells), carbon capture technologies and offshore wind development.