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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.00

$589 M

4.45%

$0.44

0.60%

Vitals

YTD Return

-0.5%

1 yr return

2.6%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

1.4%

Net Assets

$589 M

Holdings in Top 10

30.2%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 160.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.00

$589 M

4.45%

$0.44

0.60%

JAFLX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.72%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Janus Henderson Flexible Bond Portfolio
  • Fund Family Name
    Janus Henderson Funds
  • Inception Date
    Sep 13, 1993
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Keough

Fund Description

The Portfolio pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, commercial and residential mortgage-backed securities, asset-backed securities, credit risk transfer securities (“CRTs”),and money market instruments. The Portfolio may invest in fixed and floating rate obligations with varying durations. The Portfolio’s average portfolio duration typically ranges between three and seven years. As of December 31, 2022, the Portfolio’s average portfolio duration was 5.89 years.The Portfolio will invest at least 65% of its net assets in investment grade debt securities. The Portfolio will limit its investment in high-yield/high-risk bonds (also known as “junk” bonds) to 35% or less of its net assets. The Portfolio generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Portfolio may enter into “to be announced” or “TBA” commitments when purchasing mortgage-backed securities or other securities. The Portfolio also invests in securities that have contractual restrictions that prohibit or limit their publicresale (these are known as “restricted securities”), which may include Rule 144A securities. The Portfolio may also invest in foreign securities, which may include investments in emerging market securities. Due to the nature of the securities in which the Portfolio invests, it may have relatively high portfolio turnover compared to other portfolios.Additionally, the Portfolio may invest its assets in derivatives, which are instruments that have a value derived from, or directly linked to, an underlying asset, such as fixed-income securities, commodities, currencies, interest rates, or market indices. In particular, the Portfolio may use interest rate swaps and futures, including Treasury bond futures, to manage interest rate risk, yield curve positioning, and country exposure. The Portfolio may also use index credit default swaps for hedging purposes (to offset risks associated with an investment exposure, or market conditions), to increase or decrease the Portfolio’s exposure to a particular market, to manage or adjust the risk profile of the Portfolio relative to its benchmark index, and to earn income, enhance returns, or preserve capital. The Portfolio’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Portfolio may include derivatives that have characteristics similar to the securities in which the Portfolio may directly invest. The Portfolio may take short positions on derivatives instruments.Portfolio management’s investment process is research-driven, incorporating “top-down” and “bottom-up” factors to identify and manage exposure to risks across sectors, industries, and individual investments. Portfolio management evaluates expected risk-adjusted returns on a portfolio and position level by analyzing fundamentals, valuations, and market technical indicators.The Portfolio may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions on a short-term or long-term basis, in an amount equal to up to one-third of its total assets as determined at the time of the loan origination.
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JAFLX - Performance

Return Ranking - Trailing

Period JAFLX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -6.0% 3.9% 50.64%
1 Yr 2.6% -10.3% 16.1% 54.32%
3 Yr -2.5%* -10.4% 26.2% 37.59%
5 Yr 1.4%* -6.6% 191.4% 11.78%
10 Yr 1.8%* -2.4% 73.7% 24.83%

* Annualized

Return Ranking - Calendar

Period JAFLX Return Category Return Low Category Return High Rank in Category (%)
2023 1.1% -16.2% 8.1% 84.44%
2022 -17.5% -34.7% 131.9% 83.00%
2021 -5.5% -11.6% 4.4% 94.93%
2020 7.3% -10.1% 946.1% 11.46%
2019 6.0% -1.7% 156.4% 36.10%

Total Return Ranking - Trailing

Period JAFLX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -6.0% 3.9% 50.64%
1 Yr 2.6% -10.3% 16.1% 54.32%
3 Yr -2.5%* -10.4% 26.2% 37.59%
5 Yr 1.4%* -6.6% 191.4% 11.78%
10 Yr 1.8%* -2.4% 73.7% 24.83%

* Annualized

Total Return Ranking - Calendar

Period JAFLX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -11.3% 11.0% 69.18%
2022 -13.7% -32.2% 131.9% 52.53%
2021 -0.9% -9.4% 9.2% 45.72%
2020 12.4% -1.9% 1009.0% 8.30%
2019 9.6% 1.1% 21668.0% 30.18%

NAV & Total Return History


JAFLX - Holdings

Concentration Analysis

JAFLX Category Low Category High JAFLX % Rank
Net Assets 589 M 2.73 M 292 B 62.79%
Number of Holdings 629 1 17889 51.27%
Net Assets in Top 10 181 M -106 M 36.5 B 59.39%
Weighting of Top 10 30.24% 4.4% 134.1% 31.59%

Top 10 Holdings

  1. Janus Henderson Cash Liquidity Fund 8.93%
  2. United States Treasury Note/Bond 4.37%
  3. United States Treasury Note/Bond 3.09%
  4. United States Treasury Note/Bond 2.73%
  5. United States Treasury Note/Bond 2.47%
  6. United States Treasury Note/Bond 2.36%
  7. Janus Henderson Cash Collateral Fund 2.28%
  8. United States Treasury Note/Bond 1.55%
  9. United States Treasury Note/Bond 1.25%
  10. Fannie Mae 1.20%

Asset Allocation

Weighting Return Low Return High JAFLX % Rank
Bonds
82.22% 0.00% 215.98% 87.30%
Other
14.72% -13.23% 58.65% 15.46%
Stocks
11.21% 0.00% 99.93% 3.32%
Convertible Bonds
2.09% 0.00% 7.93% 27.00%
Cash
0.55% -54.51% 88.26% 84.34%
Preferred Stocks
0.00% 0.00% 74.68% 61.15%

Stock Sector Breakdown

Weighting Return Low Return High JAFLX % Rank
Utilities
0.00% 0.00% 100.00% 41.21%
Technology
0.00% 0.00% 43.45% 38.39%
Real Estate
0.00% 0.00% 99.26% 38.39%
Industrials
0.00% 0.00% 48.31% 40.94%
Healthcare
0.00% 0.00% 17.70% 39.06%
Financial Services
0.00% 0.00% 100.00% 6.85%
Energy
0.00% 0.00% 100.00% 53.69%
Communication Services
0.00% 0.00% 100.00% 42.01%
Consumer Defense
0.00% 0.00% 99.67% 37.72%
Consumer Cyclical
0.00% 0.00% 100.00% 42.01%
Basic Materials
0.00% 0.00% 100.00% 38.79%

Stock Geographic Breakdown

Weighting Return Low Return High JAFLX % Rank
US
11.21% 0.00% 99.93% 3.23%
Non US
0.00% 0.00% 86.52% 48.14%

Bond Sector Breakdown

Weighting Return Low Return High JAFLX % Rank
Securitized
34.76% 0.00% 98.40% 34.29%
Government
31.99% 0.00% 86.23% 32.32%
Corporate
23.53% 0.00% 100.00% 76.45%
Derivative
0.68% -5.38% 58.65% 16.93%
Cash & Equivalents
0.55% 0.00% 88.06% 80.14%
Municipal
0.00% 0.00% 100.00% 84.83%

Bond Geographic Breakdown

Weighting Return Low Return High JAFLX % Rank
US
82.22% 0.00% 215.98% 82.68%
Non US
0.00% 0.00% 39.04% 66.63%

JAFLX - Expenses

Operational Fees

JAFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 39.10% 59.86%
Management Fee 0.50% 0.00% 1.76% 89.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.50% 25.86%

Sales Fees

JAFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JAFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JAFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 160.00% 2.00% 493.39% 55.99%

JAFLX - Distributions

Dividend Yield Analysis

JAFLX Category Low Category High JAFLX % Rank
Dividend Yield 4.45% 0.00% 9.75% 22.46%

Dividend Distribution Analysis

JAFLX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Monthly Monthly

Net Income Ratio Analysis

JAFLX Category Low Category High JAFLX % Rank
Net Income Ratio 1.72% -1.28% 4.79% 48.77%

Capital Gain Distribution Analysis

JAFLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

View More +

JAFLX - Fund Manager Analysis

Managers

Michael Keough


Start Date

Tenure

Tenure Rank

Dec 31, 2015

6.42

6.4%

Michael Keough is a Portfolio Manager at Janus Henderson Investors, responsible for co-managing the Core Plus, U.S. Corporate Credit, Intermediate Fixed Income, and Long Duration strategies. Mr. Keough joined Janus as a research analyst in January 2007. Prior to his investment management career, he served as a captain in the United States Air Force working as a defense acquisition officer. Mr. Keough received his bachelor of science degree in business management from the United States Air Force Academy, where he was recognized as a Distinguished Graduate in the management department.

Greg Wilensky


Start Date

Tenure

Tenure Rank

Feb 01, 2020

2.33

2.3%

Greg Wilensky, CFA Head of U.S. Fixed Income | Portfolio Manager Greg Wilensky is Head of U.S. Fixed Income and Portfolio Manager at Janus Henderson Investors, a position he has held since 2020. He is responsible for co-managing the Core Plus and Short Duration strategies and co-manages the fixed income portion of the Balanced strategy, all since 2020. Prior to joining the firm, Mr. Wilensky served as senior vice president, director of the U.S. multi-sector fixed income team and held several director and portfolio manager positions that spanned short duration, inflation-protected fixed income, securitized assets and multi-asset strategies at AllianceBernstein from 1996 to 2019. Prior to that, he was a treasury manager – corporate finance at AT&T Corp. from 1993 to 1996. Mr. Wilensky received his bachelor of science degree in business administration from Washington University, graduating magna cum laude. He also earned an MBA with high honors from the University of Chicago. Mr. Wilensky holds the Chartered Financial Analyst designation and has 27 years of financial industry experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16