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        <name>Amphenol Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NVIDIA Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Amazon.com, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cerebras Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KLA Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alphabet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ROYAL BANK OF CANADA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STMicroelectronics NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Snowflake, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GE Vernova, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Via Transportation, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Apartment List, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Nebius Group NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Apple, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DoorDash, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Spotify Technology SA</name>
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        <name>Lumentum Holdings, Inc.</name>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <name>Arista Networks, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Yen</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Tower Semiconductor Ltd.</name>
        <lei>54930086ZSNXZOUX0C54</lei>
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          <isin value="IL0010823792"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
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        <title>Broadcom, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Datadog, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASML Holding NV</name>
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        <cusip>N/A</cusip>
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          <isin value="NL0010273215"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Quantinuum, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palantir Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Taiwan Dollar</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Janus Henderson Cash Liquidity Fund LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="ABH9984U2"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Advanced Micro Devices, Inc.</name>
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        <title>Advanced Micro Devices, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Analog Devices, Inc.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>Analog Devices, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Won</name>
        <lei>N/A</lei>
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        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Applied Materials, Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>Applied Materials, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Samsara, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Seagate Technology Holdings plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Twilio, Inc.</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>Twilio, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Micron Technology, Inc.</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Guidewire Software, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AppLovin Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ARM Holdings plc</name>
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        <title>ARM Holdings plc</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Forgent Power Solutions, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Coinbase Global, Inc.</name>
        <lei>5493004G3J2SC154DU06</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>SK hynix, Inc.</name>
        <lei>988400XAIK6XISWQV045</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp.</title>
        <cusip>594918104</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Space Exploration Technologies Corp.</name>
        <lei>549300B9WLO96RQCXP87</lei>
        <title>Space Exploration Technologies Corp., Class A</title>
        <cusip>84615Q103</cusip>
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        <pctVal>1.421773623849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="19224514.53000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Grab Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4124C1179"/>
        </identifiers>
        <balance>44659.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1933.73000000</valUSD>
        <pctVal>0.000103071470</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerConditional desc="Warrant" issuerCat="OTHER"/>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>Grab Holdings Ltd.</counterpartyName>
              <counterpartyLei>549300N4VQX83VPJF439</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Grab Holdings Ltd.</issuerName>
                <issueTitle>Grab Holdings Ltd.</issueTitle>
                <identifiers>
                  <isin value="KYG4124C1096"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>11.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-12-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-139121.23000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shopify, Inc.</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>Shopify, Inc., Class A</title>
        <cusip>82509L107</cusip>
        <identifiers>
          <isin value="CA82509L1076"/>
        </identifiers>
        <balance>59723.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6819172.14000000</valUSD>
        <pctVal>0.363474786003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
        </identifiers>
        <balance>446986.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>97743994.18000000</valUSD>
        <pctVal>5.209939951412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cloudflare, Inc.</name>
        <lei>5493007DY18BGNLDWU14</lei>
        <title>Cloudflare, Inc., Class A</title>
        <cusip>18915M107</cusip>
        <identifiers>
          <isin value="US18915M1071"/>
        </identifiers>
        <balance>16498.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4046629.44000000</valUSD>
        <pctVal>0.215693010756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Janus Aspen Series</ncom:nameOfApplicant>
      <ncom:signature>Jesper Nergaard</ncom:signature>
      <ncom:signerName>Jesper Nergaard</ncom:signerName>
      <ncom:title>VP, CFO, Treasurer, and Principal Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
