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TERMS OF USE

Welcome! Please read the following Terms of Use carefully before using this
website. Use of this website is subject to the Terms of Use set forth below. If
you continue to browse and use this website, you are agreeing to comply with and
be bound by the following terms and conditions of use, which together with our
Privacy Policy govern our relationship with you in relation to this website. If
you disagree with any part of these terms and conditions, please do not use our
website.

The term “Janus Henderson,” “our,” “us,” or “we” refers to the owner of the
website Janus Henderson Group plc which includes all of its subsidiaries. The
term “you” refers to the user or viewer of our website.

We may revise these Terms of Use at any time without prior notice to you, and
you agree to be bound by such future revisions. We may modify, suspend, and
restrict the use or availability of any portion of the website without notice or
liability. It is your responsibility to periodically review the most recent
terms and conditions applicable to your use of the website. If you have an
account with us, your customer relationship is also governed by your account
application and, if applicable, your Online Account Access Agreement.

Third-Party Service Providers

We may use third-party service providers to help service your account, including
developing and maintaining this website. You agree that these Terms of Use,
including all disclaimers and warranties, inure to the benefit of any
third-party service providers engaged by us and such third parties are
third-party beneficiaries of these Terms of Use. All references to “Janus
Henderson” are deemed to include its agents and service providers.

Personalization of the Website

We use cookies, small text files transferred to your browser by our website, to
help with several aspects of your visit as outlined in our Cookies Policy.

Copyright and Trademark

All trademarks, service marks, logos, images, and icons (collectively “IP
Marks”) are proprietary to us except those IP Marks which are the property of
their respective owners. The content on this website, including but not limited
to text, graphics, audio clips, logos, buttons, images, digital downloads, data
compilations, software, icons, and code, is the property of Janus Henderson and
is protected by U.S. and international copyright law. No permission is granted
to copy, distribute, license, sublicense, modify, post, collect, harvest,
scrape, or frame any text, graphics, video, audio, software codes, or user
interface design or logos, except as otherwise provided in this Terms of Use.

License

We grant you a limited, revocable, nonexclusive, non-transferable license to
view, bookmark, download, store, and print the pages within the website and the
documents, graphics, and media incorporated on those pages. The pages within
this website may be used solely for personal, informational, and noncommercial
purposes. You may not modify, copy, distribute, transmit, post, display,
perform, reproduce, publish, license, create derivative works from, transfer,
redeliver, or sell any pages, data, information, software, products, or services
obtained from this website, unless you have obtained prior written permission
from Janus Henderson. All rights not expressly granted herein are reserved by
Janus.

You may not (or enable others to):

 * Use devices (including software) that are designed to provide repeated
   automated access to this website, other than those made generally available
   by us, or to probe, scan, attempt to gain unauthorized access to this website
   through hacking, password, or data mining, or any other means of
   circumventing any access-limiting, user authentication or security device, or
   to test the vulnerability of any system or network related in any way to this
   website, without proper authorization. We reserve the right to take all
   measures necessary to prevent such access, probing, scanning, or testing,
   including denial or termination of access to the website;
 * Include “Janus Henderson Investors,” or any derivative thereof, or any of our
   trademarks, any of our officers or executive’s names, or any variation of any
   of the foregoing, as a meta-tag, hidden textual element, or any other
   indicator that may create an impression of affiliation, sponsorship, or
   endorsement between any user and/or our website and Janus Henderson;
 * Collect or store information about others;
 * Upload, post, email, or otherwise transmit any advertising or promotional
   materials including without limitation “spam,” “junk mail,” “chain letters,”
   or similar material;
 * Upload, post, email, or otherwise transmit any material that contains viruses
   or other computer code, files, or programs that might interrupt, limit, or
   interfere with the functionality of this website or equipment

Website Content and Services

A broad range of financial and market information may be made available to you
through the website. We make such information available to you as a convenience
and do not endorse any particular fund, product, or service. We receive some
information from companies not affiliated with us. We do not guarantee or make
any warranty regarding the accuracy, suitability, or completeness of such
information.

The views expressed in market and other commentaries published on this website
are intended to be general in nature and do not constitute investment advice or
recommendations by the commentator or by us. Commentaries are provided for
informational purposes only, and are not an offer or recommendation of any
security or investment product, or a prediction of future performance. The views
expressed in this website were prepared by us based upon information available
at the time such views were written. Changed or additional information could
cause such views to change.

No information provided on this website is to be construed as legal, tax,
investment, financial, or other advice. Nothing on this website should be
construed as a solicitation, recommendation, or representation of suitability or
endorsement of any security or investment product. You are solely responsible
for making investment decisions for your account.

Links

At times, we may supply links to other websites or services that are not
affiliated with us. We cannot control these sites and make no representations,
warranties, assurances, or endorsements regarding any information or security on
those sites. You agree not to hold us liable for the content of any such site.
You may not link to this website unless you receive permission from us. To
request permission, please email  mediarequests@janushenderson.com.

Applicable Law and Venue

By visiting this website, you agree that the laws of the State of Colorado in
the United States of America, without regard to principles of conflict of laws,
will govern these Terms of Use and any dispute that might arise between you and
us. If you take legal action relating to these Terms of Use, you agree to file
such action only in the City and County of Denver, Colorado, or the United
States District Court for the District of Colorado, and you consent and submit
to the personal jurisdiction of those courts for the purposes of litigating any
such action.

Limitation of Liability

We shall not be liable for any loss or direct, indirect, incidental, or
consequential or special damages arising from the use of, or reliance on, any
part of this website, even if we have been advised of the possibility of such
damages, except for any liability we may have under applicable securities laws.
We are not responsible for any damage to your computer, software, modem,
telephone or other property from your use of the website. We shall not accept
liability for any losses, costs, or expenses arising from your inability to
access the website for any reason or any delay in, or failure of, the
transmission or the receipt of any instructions, orders or notifications you
send through the website.

Neither we nor any third parties provide any warranty or guarantee as to the
accuracy, timeliness, performance, completeness or suitability of the
information and materials found or offered on this website for any particular
purpose. You acknowledge that such information and materials may contain
inaccuracies or errors and we expressly exclude liability for any such
inaccuracies or errors to the fullest extent permitted by law. This website may
offer materials for you to download. If you download such documents or other
materials they are subject to these terms and conditions. Your use of any
information or materials on this website is entirely at your own risk, for which
we shall not be liable. It shall be your own responsibility to ensure that any
products, services or information available through this website meet your
specific requirements.


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