# EDGAR Filing Document

**Accession Number:** 0000906185
**File Stem:** 0001145549-25-057310
**Filing Date:** 2025-8
**Character Count:** 20436
**Document Hash:** e90322a110c0c5e6abbc1a84ae92e6c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057310.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057310

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**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:** 251279170

**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 Overseas Portfolio (Series ID: S000010410)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028745 | Service Shares       |  |
| C000028747 | Institutional Shares | JAIGX           |

## 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 Overseas Portfolio

- **b. EDGAR series identifier (if any):** S000010410

- **c. LEI of Series:** UWHDLVSO4XBMC40THX93

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $768221265.81

**Total Liabilities:** $2995203.38

**Net Assets:** $765226062.43

**Cash Not Reported:** $3255464.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028745 | 0.73%                | 6.51%                | 2.66%                |
| Class ID C000028747 | 0.74%                | 6.53%                | 2.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7258577.00             | $9455927.00                                |
| Month 2  | $12563244.00             | $28905062.00                               |
| Month 3  | $-2241049.00             | $20699519.00                               |

**Designated Index Information**

- **Index Name:** MSCI ACWI ex USA - Daily

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

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Teck Resources Limited                       | Teck Resources Limited CLASS'B'SUB-VTG COM NPV     | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    570367 | NS      | $23068530.18  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10 | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1385000 | NS      | $50265347.35  | 6.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd.                          | Trip.com Group Ltd. ADS                            | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             |  | CORP              | US        |     48634 | NS      | $2851897.76   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC ORD GBP0.031111                       | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    330636 | NS      | $20079109.31  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies SE EUR2.5                            | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    189528 | NS      | $11630086.69  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                        | Tencent Holdings Ltd. HKD0.00002                   | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | HK        |    296200 | NS      | $18980164.85  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd.                          | Trip.com Group Ltd. USD0.00125                     | CUSIP: G9066F101<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | HK        |     48634 | NS      | $2825216.76   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Zai Lab Ltd.                                 | Zai Lab Ltd. USD0.000006                           | CUSIP: G9887T116<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | HK        |    711030 | NS      | $2486435.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Zai Lab Ltd.                                 | Zai Lab Ltd. ADS EACH REP 1 ORD SHS                | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Long             |  | CORP              | US        |     17296 | NS      | $604841.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                             | UniCredit S.p.A. NPV                               | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    110122 | NS      | $7381328.35   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                              | BAE Systems PLC ORD GBP0.025                       | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |   1555144 | NS      | $40263214.93  | 5.26%             |  |  |  | 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        |     49003 | NS      | $8457917.80   | 1.11%             |  |  |  | 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        |   1475935 | NS      | $22694256.37  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd.                                  | BYD Co Ltd. 'H'CNY1                                | CUSIP: Y1023R104<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | HK        |    372000 | NS      | $5805317.40   | 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        |     19432 | NS      | $10711307.04  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC ORD USD0.25                        | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    148613 | NS      | $20640411.17  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited           | Canadian Natural Resources Limited COM NPV         | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | US        |    536387 | NS      | $16842551.80  | 2.20%             |  |  |  | No            |                  1 | 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        |     23265 | NS      | $12182722.84  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                       | SAP SE ORD NPV                                     | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     52035 | NS      | $15821204.24  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                          | Erste Group Bank AG NPV                            | CUSIP: A19494102<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |    273153 | NS      | $23260343.33  | 3.04%             |  |  |  | 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        |    308637 | NS      | $32252566.50  | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                               | Rheinmetall AG NPV                                 | CUSIP: D65111102<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      6074 | NS      | $12855669.93  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                    | Sanofi SA EUR2                                     | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    229343 | NS      | $22206595.72  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                          | Deutsche Telekom AG NPV(REGD)                      | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |    772313 | NS      | $28171268.27  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                             | Mercadolibre Inc COM USD0.001                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      5234 | NS      | $13679739.42  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Ltd.                                 | Fujitsu Ltd. NPV                                   | CUSIP: J15708159<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |    554400 | NS      | $13533689.84  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Resona Holdings Inc.                         | Resona Holdings Inc. NPV                           | CUSIP: J6448E106<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |   2763400 | NS      | $25563225.22  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Sanso Holdings Corp.                  | Nippon Sanso Holdings Corp. NPV                    | CUSIP: J5545N100<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |    155900 | NS      | $5914867.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken N.V.                                | Heineken N.V. EUR1.60                              | CUSIP: N39427211<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |    287890 | NS      | $25098485.11  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| JANUS CAPITAL GROUP INC                      | Janus Henderson Cash Liquidity Fund LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  13223612 | NS      | $13226257.19  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Rentokil Initial PLC                         | Rentokil Initial PLC ORD GBP0.01                   | CUSIP: G7494G105<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |   2937973 | NS      | $14196943.57  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Alstom SA                                    | Alstom SA EUR7.00                                  | CUSIP: F0259M475<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |    485698 | NS      | $11326698.86  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                     | AIA Group Ltd, Hong Kong NPV                       | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   2581600 | NS      | $23153068.27  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dai-ichi Life Holdings Inc.                  | Dai-ichi Life Holdings Inc. NPV                    | CUSIP: J09748112<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |   3003100 | NS      | $22858515.17  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. EUR0.09                          | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     28203 | NS      | $22508189.01  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd.      | Contemporary Amperex Technology Co Ltd. 'A' CNY1   | CUSIP: Y1R48E105<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     65640 | NS      | $2312929.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                               | HDFC Bank Ltd. INR1                                | CUSIP: Y3119P190<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |   1159102 | NS      | $27053147.37  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                            | NatWest Group PLC ORD GBP1.0769                    | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |   3256706 | NS      | $22857056.86  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Davide Campari-Milano N.V.                   | Davide Campari-Milano N.V. EUR0.01                 | CUSIP: N24565108<br>LEI: 213800ED5AN2J56N6Z02 | Long             | EC               | CORP              | IT        |   1957166 | NS      | $13162416.21  | 1.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Hexagon AB                                   | Hexagon AB SER'B'NPV                               | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |   1914127 | NS      | $19260687.88  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd.                     | Recruit Holdings Co Ltd. NPV                       | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    130000 | NS      | $7705743.45   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                         | Ryanair Holdings PLC ORD EUR0.006                  | CUSIP: G7727C186<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    341325 | NS      | $9656348.94   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | Aon PLC SHS CL A                                   | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | US        |     19320 | NS      | $6892603.20   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd.                   | Shin-Etsu Chemical Co Ltd. NPV                     | CUSIP: J72810120<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |    389900 | NS      | $12921750.12  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsonite Group SA                           | Samsonite Group SA USD0.01                         | CUSIP: L80308106<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | HK        |   6870777 | NS      | $12779258.34  | 1.67%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Spotify Technology S.A.                      | Spotify Technology S.A. COM EUR0.000625            | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | US        |     30349 | NS      | $23288001.66  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Cash Collateral Fund         | Janus Henderson Cash Collateral Fund               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   5643325 | NS      | $5643325.00   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | Royal Bank of Canada                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1410831 | PA      | $1410831.00   | 0.18%             | 2025-07-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-14

**Name of Applicant:** JANUS ASPEN SERIES

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

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