Janus Henderson Investors

Important information Please note this disclosure is only available for corporate materials that do not promote our specific products/services or provide market views with a professional audience. The views presented are as of the date published. Nothing in this document is intended to or should be construed as advice. This document is not a recommendation to sell or purchase any investment and does not form part of any contract for the sale or purchase of any investment. Marketing communication. Past performance does not predict future returns. Investing is subject to risk, loss of principal and fluctuation in value. Not all products or services are available in all jurisdictions. This material or information contained in it may be restricted by law, and may not be reproduced or referred to without express written permission or used in any jurisdiction or circumstance in which its use would be unlawful. Janus Henderson is not responsible for any unlawful distribution to third parties, in whole or in part. The contents have not been approved or endorsed by any regulatory agency. Janus Henderson Investors is the name under which investment products and services are provided in (a) Europe by Janus Henderson Investors International Limited (reg no. 3594615), Janus Henderson Investors UK Limited (reg. no. 906355), Janus Henderson Fund Management UK Limited (reg. no. 2678531), (each registered in England and Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial Conduct Authority), Tabula Investment Management Limited (reg. no. 11286661 at 10 Norwich Street, London, United Kingdom, EC4A 1BD and regulated by the Financial Conduct Authority) and Janus Henderson Investors Europe S.A. (reg no. B22848 at 78, Avenue de la Liberté, L-1930 Luxembourg, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier) (b) the U.S. by SEC registered investment advisers that are subsidiaries of Janus Henderson Group plc, (c) Canada through Janus Henderson Investors US LLC only to institutional investors in certain jurisdictions, (d) Singapore and South Korea by Janus Henderson Investors (Singapore) Limited, (e) Hong Kong by Janus Henderson Investors Hong Kong Limited. (f) Japan by Janus Henderson Investors (Japan) Limited, (g) Australia and New Zealand by Janus Henderson Investors (Australia) Institutional Funds Management Limited and (h) the Middle East by Janus Henderson Investors International Limited (Dubai Rep Office), regulated by the Dubai Financial Services Authority as a Representative Office. This document relates to a financial product which is not subject to any form of regulation or approval by the Dubai Financial Services Authority ("DFSA"). The DFSA has no responsibility for reviewing or verifying any prospectus or other documents in connection with this financial product. Accordingly, the DFSA has not approved this document or any other associated documents nor taken any steps to verify the information set out in this document, and has no responsibility for it. The financial product to which this document relates may be illiquid and/or subject to restrictions on its resale. Prospective purchasers should conduct their own due diligence on the financial product. If you do not understand the contents of this document you should consult an authorised financial adviser. No transactions will be concluded in the Middle East and any enquiries should be made to Janus Henderson. We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes. Janus Henderson® and any other trademarks used herein are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc. FOR INSTITUTIONAL / PROFESSIONAL / QUALIFIED / WHOLESALE INVESTOR USE ONLY. NOT FOR PUBLIC VIEWING OR DISTRIBUTION.