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Exhibit 10.12.5

SIXTH AMENDMENT TO THE JANUS 401(K)
AND EMPLOYEE STOCK OWNERSHIP PLAN

        The Janus 401(k) and Employee Stock Ownership Plan, as amended and
restated effective January 1, 2009 (the "Plan"), is hereby amended as follows:

        1.     Effective as of January 1, 2009, Section 7.7 of the Plan is
hereby amended by adding a new subsection (e) to read as follows:

        (e)   2009 Required Minimum Distributions.    Notwithstanding anything
to the contrary in the Plan, the Plan continued distributions under this
Section 7.7 for 2009 and no waiver of such distributions was made under the Plan
and such distributions were not eligible for tax-free roll-over treatment.

        2.     Except as expressly provided herein, the Plan shall remain in
full force and effect.

        IN WITNESS WHEREOF, Janus Capital Group Inc. has executed this Amendment
as of this 22nd day of December, 2011.

    Janus Capital Group Inc.
 
 
/s/ Karlene Lacy

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Karlene Lacy
Vice President Tax
ATTEST:
 
 
/s/ Sue J. Armstrong

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SIXTH AMENDMENT TO THE JANUS 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN