JANUS HENDERSON GROUP PLC

Janus Henderson Group plc is an independent global asset manager specializing in investment management across all major asset classes. The company, incorporated in Jersey, Channel Islands, has a history dating back to 1934 with the founding of Henderson Group plc. As of December 31, 2025, Janus Henderson Group plc had over 2,300 employees worldwide and assets under management (AUM) of $493.2 billion. The company operates in North America, the United Kingdom, continental Europe, Latin America, the Middle East, Asia, and Australia. Janus Henderson Group plc manages a broad range of investment products for institutional and retail investors across four capabilities: Equities, Fixed Income, Multi-Asset, and Alternatives. Clients entrust money to the company, expecting benefits specified in their mandate or fund prospectus. AUM primarily changes based on the company's ability to attract and retain client investments, investment performance, and market and currency movements. AUM is also affected by investments in new asset management teams or businesses, or divestments from existing businesses. The company generates revenue primarily through management fees, typically calculated as a percentage of AUM, and performance fees from certain investment products, which vary based on achieving performance hurdles or other specified criteria. These fees are generated from a diverse group of funds and other investment products.