Clayton Street Trust Files Proxy Statement

TL;DR

Clayton Street Trust proxy filing out, shareholders to vote on Protective Life portfolios.

AI Summary

Clayton Street Trust, a Delaware-incorporated entity, filed a DEFA14A proxy statement on December 30, 2025. The filing, related to the Protective Life Dynamic Allocation Series (Conservative, Moderate, and Growth Portfolios), indicates it is soliciting material under Section 240.14a-12 of the Securities Exchange Act of 1934. The company's business address is 151 Detroit Street, Denver, CO 80206.

Why It Matters

This filing is a proxy statement, which means shareholders will be asked to vote on certain matters, potentially impacting the management and direction of the Protective Life Dynamic Allocation Series portfolios.

Risk Assessment

Risk Level: low — This is a routine proxy filing for a trust and does not appear to contain unusual or high-risk information.

Key Players & Entities

• Clayton Street Trust (company) — Registrant
• Protective Life Dynamic Allocation Series - Conservative Portfolio (company) — Portfolio
• Protective Life Dynamic Allocation Series - Moderate Portfolio (company) — Portfolio
• Protective Life Dynamic Allocation Series - Growth Portfolio (company) — Portfolio
• 151 Detroit Street, Denver, CO 80206 (location) — Business Address

FAQ

Filing Documents

• fp0096768-1_defa14a.htm (DEFA14A) — 23KB
• image_001.jpg (GRAPHIC) — 4KB
• 0001398344-25-023050.txt ( ) — 30KB
• S000052998
• C000166588 (n/a)
• S000052999
• C000166589
• S000053000
• C000166590

From the Filing

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [ ] Definitive Additional Materials [X] Soliciting Material under §240.14a-12 Clayton Street Trust (Name of Registrant as Specified in Its Charters) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): [X] No fee required. [ ] Fee paid previously with preliminary materials: [ ] Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Corporate Update December 22, 2025 To Our Valued Clients, As we head into a new year, we have an exciting milestone to share. Janus Henderson has entered into a definitive agreement to be acquired by Trian and General Catalyst, two growth-oriented investment firms that believe strongly in our business, our people, and our clients. This agreement was negotiated and approved by an independent special committee of our Board of Directors. We know both Trian and General Catalyst well, and with their partnership, we will be able to further invest in our product offering, client services, technology, and talent to accelerate our growth. We will be even better positioned to deliver differentiated insights, disciplined investments, and world-class service to our clients. Their interest in partnering with us is a strong affirmation of our long-term strategy. An advantage of going private is that we will be better positioned to build on our momentum and invest even more in our business for the benefit of our clients. Although we are doing well as a public company today, private ownership will give us greater flexibility and patience to make significant long-term investments in our offerings and infrastructure, which will ultimately help us deliver superior returns for our clients. Both Trian and General Catalyst firmly believe in Janus Henderson’s culture and investment approach. They are committed to investing in our platform to achieve continued growth and success. To that end, we do not expect any impact to our investment funds or our client service as a result of this transaction at this time. The transaction is expected to close in mid-2026 and is subject to a number of closing conditions, such as shareholder approval and certain client and regulatory approvals. Upon closing, we will no longer be a publicly traded company. We have been public and private at different times in our 91-year history, but our dedication to investing in a brighter future for our clients has never wavered. If you have questions, please contact your Janus Henderson representative. As always, we thank you for the trust you have placed in Janus Henderson Investors, and we look forward to continuing to partner with you in the new year. Regards, Janus Henderson Investors janushenderson.com References to the “Funds” herein refer to the U.S. registered investment companies managed by Janus Henderson Investors U.S. LLC and references herein to “Janus Henderson” refer to Janus Henderson Group plc and its affiliates. Certain statements in this communication not based on historical facts are “forward-looking uncertainties that are difficult to predict and could cause our actual results, performance or achievements to differ materially from those discussed. These include statements as to Janus Henderson’s and the Funds’ future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects or future events, including with respect to the timing and anticipated benefits of pending and recently completed transactions and strategic partnerships, and expectations regarding opportunities that align with our strategy. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would,” and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by, as applicable, Janus Henderson and the Funds and their respective management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. Neither Janu

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View this DEFA14A filing on SEC EDGAR