# EDGAR Filing Document

**Accession Number:** 0000906185
**File Stem:** 0000906185-26-000053
**Filing Date:** 2026-5
**Character Count:** 85751
**Document Hash:** f9396218405956d51088fed681a4abb3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000906185-26-000053.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000906185-26-000053

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS ASPEN SERIES
- **CENTRAL INDEX KEY:** 0000906185

**ORGANIZATION NAME:**
- **EIN:** 841235540
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07736
- **FILM NUMBER:** 261042075

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 3033333863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

## Series and Classes Contracts Data

### Janus Henderson Global Research Portfolio (Series ID: S000010402)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028728 | Service Shares       |  |
| C000028730 | Institutional Shares | JAWGX           |

## Nport-Ex

**Janus Henderson VIT Global Research Portfolio**

**Schedule of Investments (unaudited)**

**March 31, 2026**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>| *Value* |
| Common Stocks – 99.8% |  |  |
| Aerospace & Defense – 3.8% |  |  |
| &nbsp;&nbsp;&nbsp; BAE Systems PLC | &nbsp;&nbsp;&nbsp;&nbsp; 371781 | &nbsp;&nbsp; $10820522 |
| &nbsp;&nbsp;&nbsp; Boeing Co<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8377770 |
| &nbsp;&nbsp;&nbsp; General Electric Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9295738 |
| &nbsp;&nbsp;&nbsp; Howmet Aerospace Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8600306 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 37094336 |
| Airlines – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; Ryanair Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp; 171819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4867056 |
| Banks – 7.8% |  |  |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 586294 | &nbsp;&nbsp;&nbsp;&nbsp; 12794926 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5840527 |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | &nbsp;&nbsp;&nbsp;&nbsp; 107523 | &nbsp;&nbsp;&nbsp;&nbsp; 11616922 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71285 | &nbsp;&nbsp;&nbsp;&nbsp; 20969196 |
| &nbsp;&nbsp;&nbsp; Natwest Group PLC | &nbsp;&nbsp;&nbsp;&nbsp; 736482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5463905 |
| &nbsp;&nbsp;&nbsp; Piraeus Bank SA<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 430526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3547874 |
| &nbsp;&nbsp;&nbsp; Resona Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp; 344700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3835828 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp;&nbsp;&nbsp; 162320 | &nbsp;&nbsp;&nbsp;&nbsp; 11694798 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 75763976 |
| Beverages – 1.1% |  |  |
| &nbsp;&nbsp;&nbsp; Constellation Brands Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2268750 |
| &nbsp;&nbsp;&nbsp; Monster Beverage Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6772836 |
| &nbsp;&nbsp;&nbsp; Pernod Ricard SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1503402 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10544988 |
| Biotechnology – 2.9% |  |  |
| &nbsp;&nbsp;&nbsp; AbbVie Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8797688 |
| &nbsp;&nbsp;&nbsp; Argenx SE (ADR)<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4604956 |
| &nbsp;&nbsp;&nbsp; Ascendis Pharma A/S (ADR)<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1898916 |
| &nbsp;&nbsp;&nbsp; Bridgebio Pharma Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1136104 |
| &nbsp;&nbsp;&nbsp; Mirum Pharmaceuticals Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1408518 |
| &nbsp;&nbsp;&nbsp; Revolution Medicines Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1923313 |
| &nbsp;&nbsp;&nbsp; United Therapeutics Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2087883 |
| &nbsp;&nbsp;&nbsp; Vaxcyte Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2054537 |
| &nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4039401 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 27951316 |
| Building Products – 0.8% |  |  |
| &nbsp;&nbsp;&nbsp; Trane Technologies PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7844714 |
| Capital Markets – 3.6% |  |  |
| &nbsp;&nbsp;&nbsp; Ares Management Corp - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7413018 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5836121 |
| &nbsp;&nbsp;&nbsp; Blackstone Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5592769 |
| &nbsp;&nbsp;&nbsp; LPL Financial Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7222928 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5295204 |
| &nbsp;&nbsp;&nbsp; St James's Place PLC | &nbsp;&nbsp;&nbsp;&nbsp; 203678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3203174 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 34563214 |
| Chemicals – 1.5% |  |  |
| &nbsp;&nbsp;&nbsp; Ecolab Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7334171 |
| &nbsp;&nbsp;&nbsp; Taiyo Nippon Sanso Corp | &nbsp;&nbsp;&nbsp;&nbsp; 198200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7077033 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14411204 |
| Commercial Services & Supplies – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; RB Global Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6398002 |
| Communications Equipment – 0.8% |  |  |
| &nbsp;&nbsp;&nbsp; Arista Networks Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4265868 |
| &nbsp;&nbsp;&nbsp; Lumentum Holdings Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4012760 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8278628 |
| Consumer Finance – 1.3% |  |  |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9701992 |
| &nbsp;&nbsp;&nbsp; OneMain Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3018869 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12720861 |
| Diversified Financial Services – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Apollo Global Management Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4304043 |
| &nbsp;&nbsp;&nbsp; Mastercard Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26878 | &nbsp;&nbsp;&nbsp;&nbsp; 13429862 |
| &nbsp;&nbsp;&nbsp; Visa Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41505 | &nbsp;&nbsp;&nbsp;&nbsp; 12544471 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 30278376 |
| Electric Utilities – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Xcel Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6652306 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Common Stocks – (continued) |  |  |
| Electrical Equipment – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Eaton Corp PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24309 | &nbsp;&nbsp;&nbsp;&nbsp; $8694600 |
| &nbsp;&nbsp;&nbsp; GE Vernova Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12317 | &nbsp;&nbsp;&nbsp;&nbsp; 10751509 |
| &nbsp;&nbsp;&nbsp; Nexans SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5742044 |
| &nbsp;&nbsp;&nbsp; Rosebank Industries PLC<sup>\*</sup> <br>| &nbsp;&nbsp; 1067680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4494686 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 29682839 |
| Electronic Equipment, Instruments & Components – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; Amphenol Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3167342 |
| &nbsp;&nbsp;&nbsp; Hexagon AB - Class B | &nbsp;&nbsp;&nbsp;&nbsp; 626243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6096575 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9263917 |
| Entertainment – 3.5% |  |  |
| &nbsp;&nbsp;&nbsp; Liberty Media Corp-Liberty Formula One - Series C<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6321492 |
| &nbsp;&nbsp;&nbsp; Netflix Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 148138 | &nbsp;&nbsp;&nbsp;&nbsp; 14243469 |
| &nbsp;&nbsp;&nbsp; Spotify Technology SA<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6140900 |
| &nbsp;&nbsp;&nbsp; Walt Disney Co/The | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7763313 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 34469174 |
| Health Care Equipment & Supplies – 1.4% |  |  |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4222920 |
| &nbsp;&nbsp;&nbsp; Boston Scientific Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4660756 |
| &nbsp;&nbsp;&nbsp; DexCom Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1833948 |
| &nbsp;&nbsp;&nbsp; Intuitive Surgical Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3180831 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13898455 |
| Health Care Providers & Services – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; McKesson Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3995367 |
| Hotels, Restaurants & Leisure – 2.8% |  |  |
| &nbsp;&nbsp;&nbsp; Booking Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4408205 |
| &nbsp;&nbsp;&nbsp; DoorDash Inc - Class A<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3123721 |
| &nbsp;&nbsp;&nbsp; Flutter Entertainment PLC<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1261631 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4943125 |
| &nbsp;&nbsp;&nbsp; McDonald's Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35082 | &nbsp;&nbsp;&nbsp;&nbsp; 10903135 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2192909 |
| &nbsp;&nbsp;&nbsp; Wingstop Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488310 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 27321036 |
| Household Durables – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; Lennar Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3250682 |
| Independent Power and Renewable Electricity Producers – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; RWE AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5898172 |
| &nbsp;&nbsp;&nbsp; Vistra Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73977 | &nbsp;&nbsp;&nbsp;&nbsp; 11120962 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 17019134 |
| Industrial Conglomerates – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; 3M Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9916304 |
| Information Technology Services – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; Snowflake Inc - Class A<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3750743 |
| Insurance – 2.4% |  |  |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8008262 |
| &nbsp;&nbsp;&nbsp; Beazley PLC | &nbsp;&nbsp;&nbsp;&nbsp; 341178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5723257 |
| &nbsp;&nbsp;&nbsp; Progressive Corp/The | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9245914 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22977433 |
| Interactive Media & Services – 6.6% |  |  |
| &nbsp;&nbsp;&nbsp; Alphabet Inc - Class C | &nbsp;&nbsp;&nbsp;&nbsp; 164094 | &nbsp;&nbsp;&nbsp;&nbsp; 47072005 |
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29281 | &nbsp;&nbsp;&nbsp;&nbsp; 16752538 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 63824543 |
| Life Sciences Tools & Services – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; Danaher Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4897178 |
| Machinery – 2.0% |  |  |
| &nbsp;&nbsp;&nbsp; Atlas Copco AB - Class A | &nbsp;&nbsp;&nbsp;&nbsp; 410708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7227862 |
| &nbsp;&nbsp;&nbsp; ATS Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 167799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4730318 |
| &nbsp;&nbsp;&nbsp; Deere & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7852402 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 19810582 |
| Metals & Mining – 1.8% |  |  |
| &nbsp;&nbsp;&nbsp; Teck Resources Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 176334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9140615 |
| &nbsp;&nbsp;&nbsp; Vale SA | &nbsp;&nbsp;&nbsp;&nbsp; 530273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8444561 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 17585176 |
| Multiline Retail – 3.4% |  |  |
| &nbsp;&nbsp;&nbsp; Amazon.com Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 135507 | &nbsp;&nbsp;&nbsp;&nbsp; 28222043 |
| &nbsp;&nbsp;&nbsp; MercadoLibre Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4701205 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 32923248 |
| Oil, Gas & Consumable Fuels – 5.3% |  |  |
| &nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 163933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7998054 |
| &nbsp;&nbsp;&nbsp; Cheniere Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3036800 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Common Stocks – (continued) |  |  |
| Oil, Gas & Consumable Fuels – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Chevron Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36504 | &nbsp;&nbsp;&nbsp;&nbsp; $7552678 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5518128 |
| &nbsp;&nbsp;&nbsp; EOG Resources Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3547459 |
| &nbsp;&nbsp;&nbsp; Rockpoint Gas Storage Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1403026 |
| &nbsp;&nbsp;&nbsp; Suncor Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp; 105143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6955358 |
| &nbsp;&nbsp;&nbsp; TC Energy Corp<sup>#</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 149213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9344988 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5792212 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 51148703 |
| Personal Products – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Unilever PLC | &nbsp;&nbsp;&nbsp;&nbsp; 210574 | &nbsp;&nbsp;&nbsp;&nbsp; 11865618 |
| Pharmaceuticals – 4.4% |  |  |
| &nbsp;&nbsp;&nbsp; AstraZeneca PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7191885 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10925 | &nbsp;&nbsp;&nbsp;&nbsp; 10048487 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54569 | &nbsp;&nbsp;&nbsp;&nbsp; 13338847 |
| &nbsp;&nbsp;&nbsp; Merck & Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6267109 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5570581 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 42416909 |
| Road & Rail – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Canadian Pacific Kansas City Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7322503 |
| Semiconductor & Semiconductor Equipment – 14.1% |  |  |
| &nbsp;&nbsp;&nbsp; Analog Devices Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4720879 |
| &nbsp;&nbsp;&nbsp; Applied Materials Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3774387 |
| &nbsp;&nbsp;&nbsp; ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10605 | &nbsp;&nbsp;&nbsp;&nbsp; 14035290 |
| &nbsp;&nbsp;&nbsp; Broadcom Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74197 | &nbsp;&nbsp;&nbsp;&nbsp; 22964713 |
| &nbsp;&nbsp;&nbsp; Lam Research Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62238 | &nbsp;&nbsp;&nbsp;&nbsp; 13297771 |
| &nbsp;&nbsp;&nbsp; Micron Technology Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9314925 |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp | &nbsp;&nbsp;&nbsp;&nbsp; 335659 | &nbsp;&nbsp;&nbsp;&nbsp; 58538930 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co Ltd | &nbsp;&nbsp;&nbsp;&nbsp; 177000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9980013 |
|  |  | &nbsp;&nbsp; 136626908 |
| Software – 6.3% |  |  |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4301428 |
| &nbsp;&nbsp;&nbsp; Datadog Inc - Class A<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4255466 |
| &nbsp;&nbsp;&nbsp; Intuit Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6501266 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp | &nbsp;&nbsp;&nbsp;&nbsp; 102842 | &nbsp;&nbsp;&nbsp;&nbsp; 38069023 |
| &nbsp;&nbsp;&nbsp; Oracle Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1872857 |
| &nbsp;&nbsp;&nbsp; SAP SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5816945 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 60816985 |
| Specialty Retail – 1.8% |  |  |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6073260 |
| &nbsp;&nbsp;&nbsp; TJX Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69876 | &nbsp;&nbsp;&nbsp;&nbsp; 11159197 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 17232457 |
| Technology Hardware, Storage & Peripherals – 2.7% |  |  |
| &nbsp;&nbsp;&nbsp; Apple Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81319 | &nbsp;&nbsp;&nbsp;&nbsp; 20637949 |
| &nbsp;&nbsp;&nbsp; Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5342431 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25980380 |
| Textiles, Apparel & Luxury Goods – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Gildan Activewear Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2435411 |
| &nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4453550 |
| &nbsp;&nbsp;&nbsp; Moncler SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2353303 |
| &nbsp;&nbsp;&nbsp; NIKE Inc - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2297776 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11540040 |
| Trading Companies & Distributors – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Ferguson Enterprises Inc/DE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7164616 |
| Wireless Telecommunication Services – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; T-Mobile US Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4483300 |
| Total Common Stocks (cost $573,152,253) |  | &nbsp;&nbsp; 968553207 |
| Investment Companies – 0% |  |  |
| Money Markets – 0% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº,</sup><sup>£</sup> (cost $388,927) | &nbsp;&nbsp;&nbsp;&nbsp; 388902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388902 |
| Investments Purchased with Cash Collateral from Securities Lending – 0.8% |  |  |
| Investment Companies – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº,</sup><sup>£</sup> <br>| &nbsp;&nbsp; 5926701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5926701 |
| Time Deposits – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, 3.6500%, 4/1/26 | $1481675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1481675 |
| Total Investments Purchased with Cash Collateral from Securities Lending (cost $7,408,376) | Total Investments Purchased with Cash Collateral from Securities Lending (cost $7,408,376) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7408376 |
| Total Investments (total cost $580,949,556) – 100.6% |  | &nbsp;&nbsp; 976350485 |
| Liabilities, net of Cash, Receivables and Other Assets – (0.6)% |  | &nbsp;&nbsp;&nbsp;&nbsp; (5706743) |
| Net Assets – 100% |  | $970643742 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** |  |  |
| *Country* | *Value* | &nbsp;&nbsp; *% of* <br>*Investment* <br>*Securities*<br>|
| United States | $710323712 | &nbsp;&nbsp;&nbsp;&nbsp; 72.7<br> %<br>|
| Canada | 55728275 | &nbsp;&nbsp;&nbsp;&nbsp;5.7 |
| United Kingdom | 36897429 | &nbsp;&nbsp;&nbsp;&nbsp;3.8 |
| Netherlands | 25900908 | &nbsp;&nbsp;&nbsp;&nbsp;2.6 |
| France | 23331735 | &nbsp;&nbsp;&nbsp;&nbsp;2.4 |
| Sweden | 19465337 | &nbsp;&nbsp;&nbsp;&nbsp;2.0 |
| Italy | 14048101 | &nbsp;&nbsp;&nbsp;&nbsp;1.4 |
| Spain | 12794926 | &nbsp;&nbsp;&nbsp;&nbsp;1.3 |
| Germany | 11715117 | &nbsp;&nbsp;&nbsp;&nbsp;1.2 |
| Austria | 11616922 | &nbsp;&nbsp;&nbsp;&nbsp;1.2 |
| Japan | 10912861 | &nbsp;&nbsp;&nbsp;&nbsp;1.1 |
| Taiwan | 9980013 | &nbsp;&nbsp;&nbsp;&nbsp;1.0 |
| Brazil | 8444561 | &nbsp;&nbsp;&nbsp;&nbsp;0.9 |
| Switzerland | 5570581 | &nbsp;&nbsp;&nbsp;&nbsp;0.6 |
| Ireland | 4867056 | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| Argentina | 4701205 | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| Belgium | 4604956 | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| Greece | 3547874 | &nbsp;&nbsp;&nbsp;&nbsp;0.4 |
| Denmark | 1898916 | &nbsp;&nbsp;&nbsp;&nbsp;0.2 |
| Total | $976350485 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** |
| *Affiliate* | *Affiliated* <br>*Investments,* <br>*at Value at* <br>*12/31/25*<br>| *Purchases* | *Sales* <br>*Proceeds*<br>| *Realized* <br>*Gain/(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation/* <br>*Depreciation*<br>| *Affiliated* <br>*Investments,* <br>*at Value at* <br>*3/31/26*<br>| *Ending* <br>*Shares*<br>| *Dividend* <br>*Income*<br>|
| Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% |
| Money Markets - 0% | Money Markets - 0% | Money Markets - 0% | Money Markets - 0% | Money Markets - 0% | Money Markets - 0% | Money Markets - 0% | Money Markets - 0% | Money Markets - 0% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; $299023 | &nbsp;&nbsp; $33591002 | &nbsp;&nbsp; $(33499090) | &nbsp;&nbsp; $(2008) | &nbsp;&nbsp; $(25) | &nbsp;&nbsp; $388902 | &nbsp;&nbsp; 388902 | &nbsp;&nbsp; $14366 |
| Investments Purchased with Cash Collateral from Securities Lending - 0.6% | Investments Purchased with Cash Collateral from Securities Lending - 0.6% | Investments Purchased with Cash Collateral from Securities Lending - 0.6% | Investments Purchased with Cash Collateral from Securities Lending - 0.6% | Investments Purchased with Cash Collateral from Securities Lending - 0.6% | Investments Purchased with Cash Collateral from Securities Lending - 0.6% | Investments Purchased with Cash Collateral from Securities Lending - 0.6% | Investments Purchased with Cash Collateral from Securities Lending - 0.6% | Investments Purchased with Cash Collateral from Securities Lending - 0.6% |
| Investment Companies - 0.6% | Investment Companies - 0.6% | Investment Companies - 0.6% | Investment Companies - 0.6% | Investment Companies - 0.6% | Investment Companies - 0.6% | Investment Companies - 0.6% | Investment Companies - 0.6% | Investment Companies - 0.6% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; - | &nbsp;&nbsp; 10759027 | &nbsp;&nbsp; (4832326) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 5926701 | &nbsp;&nbsp; 5926701 | &nbsp;&nbsp; 1814 <br><sup>∆</sup><br>|
| Total Affiliated Investments - 0.6% | Total Affiliated Investments - 0.6% | Total Affiliated Investments - 0.6% | Total Affiliated Investments - 0.6% | Total Affiliated Investments - 0.6% | Total Affiliated Investments - 0.6% | Total Affiliated Investments - 0.6% | Total Affiliated Investments - 0.6% | Total Affiliated Investments - 0.6% |
|  | &nbsp;&nbsp; $299023 | &nbsp;&nbsp; $44350029 | &nbsp;&nbsp; $(38331416) | &nbsp;&nbsp; $(2008) | &nbsp;&nbsp; $(25) | &nbsp;&nbsp; $6315603 | &nbsp;&nbsp; 6315603 | &nbsp;&nbsp; $16180 |

---

------

**Notes to Schedule of Investments (unaudited)** 

ADR American Depositary Receipt <br> LLC Limited Liability Company <br> PLC Public Limited Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| Non-income producing security. |
| Rate shown is the 7-day yield as of March 31, 2026. |
| Loaned security; a portion of the security is on loan at March 31, 2026. |
| £&nbsp;&nbsp; The Portfolio may invest in certain securities that are considered affiliated companies. As defined by the Investment Company Act of 1940, <br> as amended, an affiliated company is one in which the Portfolio owns 5% or more of the outstanding voting securities, or a company which <br> is under common ownership or control.<br>|
| Net of income paid to the securities lending agent and rebates paid to the borrowing counterparties. |

---

The following is a summary of the inputs that were used to value the Portfolio's investments in securities and other

financial instruments as of March 31, 2026.

---

| | | | |
|:---|:---|:---|:---|
| **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** |
|  | ***Level 1 -*** <br>***Quoted Prices***<br>| &nbsp;&nbsp; ***Level 2 -*** <br>***Other Significant*** <br>***Observable Inputs***<br>| &nbsp;&nbsp; ***Level 3 -*** <br>***Significant*** <br>***Unobservable Inputs***<br>|
| **Assets** |  |  |  |
| **Investments In Securities:** |  |  |  |
| *Common Stocks* |  |  |  |
| Aerospace & Defense | $26273814 | &nbsp;&nbsp;&nbsp; $10820522 | &nbsp;&nbsp;&nbsp; $- |
| Airlines | - | &nbsp;&nbsp;&nbsp; 4867056 | &nbsp;&nbsp;&nbsp; - |
| Banks | 20969196 | &nbsp;&nbsp;&nbsp; 54794780 | &nbsp;&nbsp;&nbsp; - |
| Beverages | 9041586 | &nbsp;&nbsp;&nbsp; 1503402 | &nbsp;&nbsp;&nbsp; - |
| Capital Markets | 31360040 | &nbsp;&nbsp;&nbsp; 3203174 | &nbsp;&nbsp;&nbsp; - |
| Chemicals | 7334171 | &nbsp;&nbsp;&nbsp; 7077033 | &nbsp;&nbsp;&nbsp; - |
| Commercial Services & Supplies | - | &nbsp;&nbsp;&nbsp; 6398002 | &nbsp;&nbsp;&nbsp; - |
| Electrical Equipment | 19446109 | &nbsp;&nbsp;&nbsp; 10236730 | &nbsp;&nbsp;&nbsp; - |
| Electronic Equipment, Instruments & Components | 3167342 | &nbsp;&nbsp;&nbsp; 6096575 | &nbsp;&nbsp;&nbsp; - |
| Independent Power and Renewable Electricity Producers | 11120962 | &nbsp;&nbsp;&nbsp; 5898172 | &nbsp;&nbsp;&nbsp; - |
| Insurance | 17254176 | &nbsp;&nbsp;&nbsp; 5723257 | &nbsp;&nbsp;&nbsp; - |
| Machinery | 7852402 | &nbsp;&nbsp;&nbsp; 11958180 | &nbsp;&nbsp;&nbsp; - |
| Metals & Mining | - | &nbsp;&nbsp;&nbsp; 17585176 | &nbsp;&nbsp;&nbsp; - |
| Oil, Gas & Consumable Fuels | 19655065 | &nbsp;&nbsp;&nbsp; 31493638 | &nbsp;&nbsp;&nbsp; - |
| Personal Products | - | &nbsp;&nbsp;&nbsp; 11865618 | &nbsp;&nbsp;&nbsp; - |
| Pharmaceuticals | 29654443 | &nbsp;&nbsp;&nbsp; 12762466 | &nbsp;&nbsp;&nbsp; - |
| Road & Rail | - | &nbsp;&nbsp;&nbsp; 7322503 | &nbsp;&nbsp;&nbsp; - |
| Semiconductor & Semiconductor Equipment | 112611605 | &nbsp;&nbsp;&nbsp; 24015303 | &nbsp;&nbsp;&nbsp; - |
| Software | 55000040 | &nbsp;&nbsp;&nbsp; 5816945 | &nbsp;&nbsp;&nbsp; - |
| Textiles, Apparel & Luxury Goods | 4733187 | &nbsp;&nbsp;&nbsp; 6806853 | &nbsp;&nbsp;&nbsp; - |
| Trading Companies & Distributors | - | &nbsp;&nbsp;&nbsp; 7164616 | &nbsp;&nbsp;&nbsp; - |
| All Other | 339669068 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| *Investment Companies* | - | &nbsp;&nbsp;&nbsp; 388902 | &nbsp;&nbsp;&nbsp; - |
| *Investments Purchased with Cash Collateral from Securities Lending* | - | &nbsp;&nbsp;&nbsp; 7408376 | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $715143206 | &nbsp;&nbsp;&nbsp; $261207279 | &nbsp;&nbsp;&nbsp; $- |

---

------

**Investment Valuation**

Portfolio holdings are valued in accordance with policies and procedures established by the Adviser pursuant to Rule 2a-5 under the 1940 Act and approved by and subject to the oversight of the Trustees (the "Valuation Procedures"). Equity securities traded on a domestic securities exchange are generally valued at readily available market quotations, which are (i) the official close prices or (ii) last sale prices on the primary market or exchange in which the securities trade. If such price is lacking for the trading period immediately preceding the time of determination, such securities are generally valued at their current bid price. Equity securities that are traded on a foreign exchange are generally valued at the closing prices on such markets. In the event that there is no current trading volume on a particular security in such foreign exchange, the bid price from the primary exchange is generally used to value the security. Foreign securities and currencies are converted to U.S. dollars using the current spot USD dollar exchange rate in effect at the close of the New York Stock Exchange ("NYSE"). The Adviser will determine the market value of individual securities held by it by using prices provided by one or more Adviser-approved professional pricing services or, as needed, by obtaining market quotations from independent broker-dealers. Most debt securities are valued in accordance with the evaluated bid price supplied by the pricing service that is intended to reflect market value. The evaluated bid price supplied by the pricing service is an evaluation that may consider factors such as security prices, yields, maturities, and ratings. Certain short-term securities maturing within 60 days or less may be evaluated and valued on an amortized cost basis provided that the amortized cost determined approximates market value. Securities for which market quotations or evaluated prices are not readily available or deemed unreliable are valued at fair value determined in good faith by the Adviser pursuant to the Valuation Procedures. Circumstances in which fair valuation may be utilized include, but are not limited to: (i) a significant event that may affect the securities of a single issuer, such as a merger, bankruptcy, or significant issuer-specific development; (ii) an event that may affect an entire market, such as a natural disaster or significant governmental action; (iii) a nonsignificant event such as a market closing early or not opening, or a security trading halt; and (iv) pricing of a non-valued security and a restricted or nonpublic security. Special valuation considerations may apply with respect to "odd-lot" fixed-income transactions which, due to their small size, may receive evaluated prices by pricing services which reflect a large block trade and not what actually could be obtained for the odd-lot position. The value of the securities of other mutual funds held by the Portfolio, if any, will be calculated using the NAV of such mutual funds, and the prospectuses for such mutual funds explain the circumstances under which they use fair valuation and the effects of using fair valuation. The value of the securities of any cash management pooled investment vehicles that operate as money market funds held by the Portfolio, if any, will be calculated using the NAV of

such funds.

**Valuation Inputs Summary**

FASB ASC 820, *Fair Value Measurements and Disclosures* ("ASC 820"), defines fair value, establishes a framework for measuring fair value, and expands disclosure requirements regarding fair value measurements. This standard emphasizes that fair value is a market-based measurement that should be determined based on the assumptions that market participants would use in pricing an asset or liability and establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. These inputs are summarized into three broad levels:

Level 1 – Unadjusted quoted prices in active markets the Portfolio has the ability to access for identical assets or liabilities.

Level 2 – Observable inputs other than unadjusted quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default

rates and similar data.

Assets or liabilities categorized as Level 2 in the hierarchy generally include: debt securities fair valued in accordance with the evaluated bid or ask prices supplied by a pricing service; securities traded on OTC markets and listed securities for which no sales are reported that are fair valued at the latest bid price (or yield equivalent thereof) obtained from one or more dealers transacting in a market for such securities or by a pricing service approved by the Portfolio's Trustees; certain short-term debt securities with maturities of 60 days or less that are fair valued at amortized cost; and equity securities of foreign issuers whose fair value is determined by using systematic fair valuation models provided by independent third parties in order to adjust for stale pricing which may occur between the close of certain foreign exchanges and the close of the NYSE. Other securities that may be categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, swaps,

investments in unregistered investment companies, options, and forward contracts.

Level 3 – Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Portfolio's own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.

There have been no significant changes in valuation techniques used in valuing any such positions held by the Portfolio since the beginning of the fiscal period.

------

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of March 31, 2026 to fair value the Portfolio's investments in securities and other financial instruments is included in the "Valuation Inputs Summary" in the Notes to Schedule of Investments.

------

For additional information on the Portfolio, please refer to the Portfolio's most recent semiannual or annual financial

statements.

109-25-70308 05-26

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** JANUS ASPEN SERIES

- **b. Investment Company Act file number:** 811-07736

- **c. CIK number of Registrant:** 0000906185

- **d. LEI of Registrant:** 5C1H794C69TI10A0XC04

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 151 DETROIT STREET

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Janus Henderson Global Research Portfolio

- **b. EDGAR series identifier (if any):** S000010402

- **c. LEI of Series:** 8AISNFWM46N5JU35PX40

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $971481381.94

**Total Liabilities:** $837640.26

**Net Assets:** $970643741.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028728 | 2.07%                | -0.72%               | -6.47%               |
| Class ID C000028730 | 2.08%                | -0.70%               | -6.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16699858.00             | $4617743.00                                |
| Month 2  | $2338446.00              | $-10024790.00                              |
| Month 3  | $28232110.00             | $-96214729.00                              |

**Designated Index Information**

- **Index Name:** MSCI The World Index

- **Index Identifier:** MSCI.MC.MXWO

### Schedule of Portfolio Investments

| Name                                         | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| St James's Place PLC                         | St James's Place PLC ORD GBP0.15                   | CUSIP: G5005D124<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |    203678 | NS      | $3203173.66   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Teck Resources Limited                       | Teck Resources Limited CLASS'B'SUB-VTG COM NPV     | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    177357 | NS      | $9193644.19   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                       | SAP SE ORD NPV                                     | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     34377 | NS      | $5816944.87   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings Inc.                         | Resona Holdings Inc. NPV                           | CUSIP: J6448E106<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    344700 | NS      | $3835828.02   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10 | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    177000 | NS      | $9980013.18   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Revolution Medicines Inc                     | Revolution Medicines Inc COM                       | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     19777 | NS      | $1923313.25   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                | Snowflake Inc COM SHS                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     24869 | NS      | $3750742.58   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                       | The TJX Companies Inc. COM USD1                    | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     69876 | NS      | $11159197.20  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                              | T-Mobile US Inc COM USD0.00001                     | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     21346 | NS      | $4483300.38   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies SE EUR2.5                            | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     62740 | NS      | $5792212.22   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc.                           | Suncor Energy Inc. COM NPV 'NEW'                   | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |    105143 | NS      | $6955357.99   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp                               | TC Energy Corp COM NPV                             | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    149213 | NS      | $9344988.45   | 0.96%             |  |  |  | No            |                  2 | On Loan: —       |
| Rockpoint Gas Storage Inc.                   | Rockpoint Gas Storage Inc. COM CLASS A             | CUSIP: 773915103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     69845 | NS      | $1403026.31   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Rosebank Industries PLC                      | Rosebank Industries PLC ORD NPV                    | CUSIP: G7624N103<br>LEI: 2138005KFPHBAEW69F51 | Long             | EC               | CORP              | GB        |   1067680 | NS      | $4494685.81   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG CHF0.001                          | CUSIP: H69293266<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |     14104 | NS      | $5570581.29   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                         | Ryanair Holdings PLC ORD EUR0.006                  | CUSIP: G7727C186<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    171819 | NS      | $4867055.91   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Seagate Technology Holdings PLC              | Seagate Technology Holdings PLC ORD SHS            | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |     13637 | NS      | $5342431.12   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                       | Trane Technologies PLC COM USD1                    | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | US        |     18933 | NS      | $7890138.42   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                      | Spotify Technology S.A. COM EUR0.000625            | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | US        |     12664 | NS      | $6140900.24   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                  | Ares Management Corporation COM USD0.01 CLASS A    | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     67947 | NS      | $7413017.70   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                    | Argenx SE SPON ADR EACH REP 1 ORD SHS              | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             |  | CORP              | US        |      6306 | NS      | $4604956.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                          | Arista Networks Inc COM SHS                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     34744 | NS      | $4265868.32   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC ORD USD0.25                        | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     36827 | NS      | $7191884.78   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| ATS Corporation (Canada)                     | ATS Corporation (Canada) COM                       | CUSIP: 00217Y104<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | EC               | CORP              | CA        |    168772 | NS      | $4757746.87   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| United Therapeutics Corporation              | United Therapeutics Corporation COM USD0.01        | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      3521 | NS      | $2087882.58   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | Visa Inc COM STK USD0.0001                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     41505 | NS      | $12544471.20  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                          | Ascendis Pharma A/S SPON ADR EACH REP 1 ORD SHS    | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | US        |      8302 | NS      | $1898916.46   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                              | GE Vernova Inc. COM                                | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     12388 | NS      | $10813485.20  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                 | GE Aerospace COM NEW                               | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     32947 | NS      | $9349370.19   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc.                       | Gildan Activewear Inc. COM NPV                     | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | US        |     43763 | NS      | $2435410.95   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC ORD GBP0.035                          | CUSIP: G92087348<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | NL        |    210574 | NS      | $11865617.75  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit S.p.A.                             | UniCredit S.p.A. NPV                               | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    162320 | NS      | $11694797.88  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE          | LVMH Moet Hennessy Louis Vuitton SE EUR0.30        | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      8013 | NS      | $4453550.46   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc                | Hilton Worldwide Holdings Inc COM USD0.01          | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     16256 | NS      | $4943124.48   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                         | Howmet Aerospace Inc COM                           | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     37534 | NS      | $8650085.64   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | Intuit Inc COM USD0.01                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     15036 | NS      | $6501265.68   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                      | Intuitive Surgical Inc. COM USD0.001               | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      6900 | NS      | $3180831.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co. COM USD1.00                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     71285 | NS      | $20969195.60  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson COM USD1.00                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     54569 | NS      | $13338846.36  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                  | LPL Financial Holdings Inc. COM USD0.001           | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     24010 | NS      | $7222928.30   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                     | Lam Research Corporation COM NEW                   | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     62238 | NS      | $13297771.08  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                 | Lennar Corp. COM USD0.10 CLASS A                   | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     37433 | NS      | $3250681.72   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                          | Erste Group Bank AG NPV                            | CUSIP: A19494102<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |    107523 | NS      | $11616922.40  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Liquidity Fund LLC      | Janus Henderson Cash Liquidity Fund LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    388902 | NS      | $388902.14    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                              | BAE Systems PLC ORD GBP0.025                       | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    371781 | NS      | $10820522.09  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.            | The Bank of New York Mellon Corp. COM USD0.01      | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     49196 | NS      | $5836121.48   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp Del                       | Liberty Media Corp Del COM LBTY ONE S C            | CUSIP: 531229755<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     74353 | NS      | $6321492.06   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA           | Banco Bilbao Vizcaya Argentaria SA EUR0.49         | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    586294 | NS      | $12794926.07  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Lumentum Holdings Inc.                       | Lumentum Holdings Inc. COM USD0.001                | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      5710 | NS      | $4012759.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                      | MasterCard Incorporated COM USD0.0001 CLASS A      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     26878 | NS      | $13429861.48  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                             | McDonald's Corp. COM USD0.01                       | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     35082 | NS      | $10903134.78  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                               | BNP Paribas SA EUR2                                | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     61319 | NS      | $5840526.74   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                               | Atlas Copco AB SER'A'NPV                           | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    410708 | NS      | $7227862.02   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                   | Hexagon AB SER'B'NPV                               | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |    626243 | NS      | $6096575.33   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc.                                   | Apple Inc. COM USD0.00001                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     81319 | NS      | $20637949.01  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                       | Applied Materials Inc. COM USD0.01                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     11043 | NS      | $3774386.97   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                     | Ferguson Enterprises Inc COMMON STOCK NEW          | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | GB        |     30535 | NS      | $7164616.17   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Corporation PLC                        | Eaton Corporation PLC COM USD0.01                  | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     24449 | NS      | $8744673.83   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc COM USD0.000006 CL 'A'          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     29281 | NS      | $16752538.53  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                               | Mckesson Corp. COM USD0.01                         | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4617 | NS      | $3995367.12   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                             | Mercadolibre Inc COM USD0.001                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2719 | NS      | $4701205.38   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | Merck & Co., Inc COM USD0.50                       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     52100 | NS      | $6267109.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp. COM USD0.00000625                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    102842 | NS      | $38069023.14  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                       | Micron Technology Inc. COM USD0.10                 | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     27572 | NS      | $9314924.48   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                    | Flutter Entertainment PLC ORD EUR0.09 (DI)         | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | US        |     12375 | NS      | $1261631.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc.                   | Mirum Pharmaceuticals Inc. COM USD0.0001           | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     15247 | NS      | $1408517.86   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                        | Monster Beverage Corp COM USD0.005                 | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     93470 | NS      | $6772836.20   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley COM USD0.01                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     32176 | NS      | $5295204.32   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | Netflix, Inc. COM USD0.001                         | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    148138 | NS      | $14243468.70  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Moncler S.p.A.                               | Moncler S.p.A. NPV                                 | CUSIP: T6730E110<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |     39053 | NS      | $2353302.75   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                            | NatWest Group PLC ORD GBP1.0769                    | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    736482 | NS      | $5463905.24   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                                       | RWE AG NPV                                         | CUSIP: D6629K109<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     88568 | NS      | $5898172.00   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| RB Global Inc                                | RB Global Inc COM                                  | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     67090 | NS      | $6435025.45   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Bank SA                              | Piraeus Bank SA EUR0.93                            | CUSIP: X5S2FJ101<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | EC               | CORP              | GR        |    430526 | NS      | $3547873.59   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                        | Royal Caribbean Group COM USD0.01                  | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |      7969 | NS      | $2192909.42   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale S.A.                                    | Vale S.A. COM NPV                                  | CUSIP: P9661Q155<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    533348 | NS      | $8493530.60   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Company                          | Walt Disney Company COM DISNEY USD0.01             | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     80549 | NS      | $7763312.62   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                             | Pernod Ricard SA EUR1.55                           | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     20145 | NS      | $1503401.84   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Nike, Inc.                                   | Nike, Inc. CLASS'B'COM NPV                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     43502 | NS      | $2297775.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Sanso Holdings Corp.                  | Nippon Sanso Holdings Corp. NPV                    | CUSIP: J5545N100<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |    198200 | NS      | $7077032.49   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corp. COM USD0.001                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    335659 | NS      | $58538929.60  | 6.03%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                     | O'Reilly Automotive Inc. USD0.01                   | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     65792 | NS      | $6073259.52   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                          | Abbott Laboratories COM NPV                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     41131 | NS      | $4222919.77   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc.                        | OneMain Holdings Inc. USD0.01                      | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     56438 | NS      | $3018868.62   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corp. COM USD0.01                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     12731 | NS      | $1872857.41   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | AbbVie Inc. COM USD0.01                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     40451 | NS      | $8797687.99   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP USD0.001 CL C                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    164094 | NS      | $47072004.84  | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexans SA                                    | Nexans SA EUR1                                     | CUSIP: F65277109<br>LEI: 96950015FU78G84UIV14 | Long             | EC               | CORP              | FR        |     42443 | NS      | $5742043.42   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| The Progressive Corporation                  | The Progressive Corporation COM USD1.00            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     46640 | NS      | $9245913.60   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                                  | Vaxcyte Inc COM                                    | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     35356 | NS      | $2054537.16   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated          | Vertex Pharmaceuticals Incorporated COM USD0.01    | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      9046 | NS      | $4039400.84   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                  | Vistra Corp COM USD0.01                            | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     73977 | NS      | $11120962.41  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                 | Wingstop Inc COM USD0.01                           | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      3151 | NS      | $488310.47    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | Xcel Energy Inc COM USD2.5                         | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     83740 | NS      | $6652305.60   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc. COM USD0.01                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    135507 | NS      | $28222042.89  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                         | Amphenol Corporation CL'A'COM USD0.001             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     25068 | NS      | $3167341.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                          | Analog Devices Inc. COM USD0.16 2/3                | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     14839 | NS      | $4720879.46   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                 | Apollo Global Management Inc COM                   | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     38629 | NS      | $4304043.18   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                                   | 3M Company COM USD0.01                             | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     68675 | NS      | $9973670.25   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                               | Blackstone Inc COM USD0.00001 CLASS A              | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     48637 | NS      | $5592768.63   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co.                                   | Boeing Co. COM USD5.00                             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     42337 | NS      | $8426333.11   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                         | Booking Holdings Inc COM USD0.008                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1047 | NS      | $4408205.04   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation                | Boston Scientific Corporation COM USD0.01          | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     74275 | NS      | $4660756.25   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                         | Bridgebio Pharma Inc COM USD0.001                  | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     15299 | NS      | $1136103.74   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc COM USD0.001                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     74197 | NS      | $22964713.47  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                 | Cadence Design Systems, Inc. COM USD0.01           | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     15480 | NS      | $4301427.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                  | Capital One Financial Corp. COM USD0.01            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     53182 | NS      | $9701992.26   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                          | Cheniere Energy Inc COM USD0.003                   | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     10702 | NS      | $3036799.52   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | Chevron Corp. COM USD0.75                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36504 | NS      | $7552677.60   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips COM USD0.01                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     41804 | NS      | $5518128.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                   | Constellation Brands, Inc. COM USD0.01 CLASS A     | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     15125 | NS      | $2268750.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited           | Canadian Natural Resources Limited COM NPV         | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    163933 | NS      | $7998054.05   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Danaher Corporation                          | Danaher Corporation COM USD0.01                    | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     25829 | NS      | $4897178.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | Datadog Inc COM USD0.00001 CL A                    | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     36048 | NS      | $4255466.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                              | Deere & Company COM USD1                           | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     14020 | NS      | $7897466.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                   | DexCom Inc COM USD0.001                            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     29203 | NS      | $1833948.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                 | DoorDash Inc CL A                                  | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     20804 | NS      | $3123720.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                           | EOG Resources Inc. COM USD0.01                     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     24538 | NS      | $3547458.66   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                  | Ecolab Inc. COM USD1                               | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     27729 | NS      | $7376468.58   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | Eli Lilly & Co. COM NPV                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     10925 | NS      | $10048487.25  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.            | Canadian Pacific Kansas City Ltd. COM              | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     93578 | NS      | $7365003.71   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC (UK)                             | Beazley PLC (UK) ORD GBP0.05                       | CUSIP: G0936K107<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    341178 | NS      | $5723257.56   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                             | Gallagher Aj &Co COM USD1.00                       | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     36976 | NS      | $8008262.08   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. EUR0.09                          | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     10605 | NS      | $14035290.02  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | Royal Bank of Canada                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1481675 | PA      | $1481675.00   | 0.15%             | 2026-04-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Collateral Fund LLC     | Janus Henderson Cash Collateral Fund LLC           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   5926701 | NS      | $5926701.00   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| United Kingdom Pound Cash Balance            | United Kingdom Pound Cash Balance                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |     28532 | OU      | $28532.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Canada Dollar Cash Balance                   | Canada Dollar Cash Balance                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |     27223 | OU      | $27223.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-15

**Name of Applicant:** JANUS ASPEN SERIES

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER