JBALX: Janus Henderson Balanced I

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JBALX Janus Henderson Balanced I


Profile

JBALX - Profile

Vitals

  • YTD Return -7.9%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 1.7%
  • Net Assets $17.5 B
  • Holdings in Top 10 22.0%

52 WEEK LOW AND HIGH

$33.93
$29.82
$38.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 81.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -7.9%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Janus Henderson Balanced Fund
  • Fund Family Name
    Janus Henderson
  • Inception Date
    Jul 06, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    E. Marc Pinto

Fund Description

The fund pursues its investment objective by normally investing 35-65% of its assets in equity securities and the remaining assets in fixed-income securities and cash equivalents. It normally invests at least 25% of its assets in fixed-income senior securities. The fund's fixed-income investments may reflect a broad range of credit qualities and may include corporate debt securities, U.S. government obligations, non-U.S. government securities, mortgage-backed securities and other mortgage-related products, and short-term securities.


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Categories

Fund Company Quick Screens

JBALX - Fund Company Quick Screens


Performance

JBALX - Performance

Return Ranking - Trailing

Period JBALX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.9% -61.5% 53.8% 42.70%
1 Yr 0.3% -68.1% 49.8% 12.64%
3 Yr 3.6%* -34.6% 16.3% 4.42%
5 Yr 1.7%* -32.9% 16.0% 6.78%
10 Yr 2.9%* -34.3% 10.3% 21.61%

* Annualized

Return Ranking - Calendar

Period JBALX Return Category Return Low Category Return High Rank in Category (%)
2019 19.0% -50.4% 46.8% 6.53%
2018 -6.0% -31.8% 19.0% 15.81%
2017 12.5% -44.7% 46.3% 4.85%
2016 1.1% -84.5% 146.1% 81.83%
2015 -5.4% -40.7% 14.6% 36.95%

Total Return Ranking - Trailing

Period JBALX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.9% -61.5% 53.8% 42.70%
1 Yr 0.3% -68.1% 49.8% 12.64%
3 Yr 5.7%* -34.6% 16.3% 3.58%
5 Yr 5.1%* -32.9% 16.0% 2.77%
10 Yr 7.4%* -34.3% 10.3% 6.90%

* Annualized

Total Return Ranking - Calendar

Period JBALX Return Category Return Low Category Return High Rank in Category (%)
2019 19.0% -50.4% 46.8% 6.53%
2018 -4.9% -27.4% 19.0% 31.40%
2017 18.6% -44.7% 46.3% 2.67%
2016 5.8% -84.5% 146.1% 55.56%
2015 0.6% -36.9% 14.6% 10.01%

NAV & Total Return History


Holdings

JBALX - Holdings

Concentration Analysis

JBALX Category Low Category High JBALX % Rank
Net Assets 17.5 B 140 K 141 B 4.42%
Number of Holdings 603 2 13816 17.62%
Net Assets in Top 10 4.37 B -39.4 M 33.7 B 6.34%
Weighting of Top 10 22.02% 5.5% 100.0% 70.43%

Top 10 Holdings

  1. Microsoft Corp 4.05%
  2. Mastercard Inc A 2.97%
  3. Apple Inc 2.47%
  4. Alphabet Inc Class C 2.33%
  5. UnitedHealth Group Inc 1.86%
  6. McDonald's Corp 1.73%
  7. Boeing Co 1.70%
  8. United States Treasury Notes 1.75% 1.68%
  9. United States Treasury Notes 2.38% 1.62%
  10. The Home Depot Inc 1.61%

Asset Allocation

Weighting Return Low Return High JBALX % Rank
Stocks
60.64% -41.01% 78.13% 21.59%
Bonds
36.82% -4.03% 79.29% 59.61%
Cash
2.38% -102.09% 78.43% 69.28%
Convertible Bonds
0.10% -0.84% 52.57% 69.07%
Preferred Stocks
0.06% 0.00% 44.10% 49.41%
Other
0.00% -41.44% 154.72% 69.92%

Stock Sector Breakdown

Weighting Return Low Return High JBALX % Rank
Technology
22.85% 0.00% 72.78% 6.77%
Financial Services
17.00% 0.00% 62.98% 30.47%
Healthcare
12.72% 0.00% 63.06% 64.79%
Consumer Cyclical
12.28% 0.00% 45.84% 9.26%
Industrials
10.56% 0.00% 99.44% 40.52%
Consumer Defense
10.06% 0.00% 17.78% 15.24%
Communication Services
7.58% 0.00% 41.87% 54.74%
Real Estate
3.14% -2.05% 100.00% 58.01%
Basic Materials
2.07% 0.00% 19.70% 77.20%
Energy
1.74% 0.00% 100.00% 91.08%
Utilities
0.00% 0.00% 100.00% 93.00%

Stock Geographic Breakdown

Weighting Return Low Return High JBALX % Rank
US
59.96% -41.02% 76.29% 8.06%
Non US
0.68% -1.50% 32.14% 84.32%

Bond Sector Breakdown

Weighting Return Low Return High JBALX % Rank
Corporate
37.48% 0.00% 100.00% 35.66%
Securitized
34.02% 0.00% 54.42% 16.65%
Government
22.44% -0.45% 99.67% 53.81%
Cash & Equivalents
6.05% -3.87% 100.00% 75.62%
Derivative
0.00% -3.25% 55.67% 59.29%
Municipal
0.00% 0.00% 99.77% 69.71%

Bond Geographic Breakdown

Weighting Return Low Return High JBALX % Rank
US
36.02% -5.28% 84.24% 53.49%
Non US
0.80% -12.68% 26.09% 80.56%

Expenses

JBALX - Expenses

Operational Fees

JBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 7.27% 75.32%
Management Fee 0.55% 0.00% 2.00% 49.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.12% 0.01% 0.83% 45.35%

Sales Fees

JBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

JBALX 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.

JBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 0.00% 574.00% 71.80%

Distributions

JBALX - Distributions

Dividend Yield Analysis

JBALX Category Low Category High JBALX % Rank
Dividend Yield 0.00% 0.00% 11.85% 42.11%

Dividend Distribution Analysis

JBALX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

JBALX Category Low Category High JBALX % Rank
Net Income Ratio 2.07% -5.24% 6.65% 39.29%

Capital Gain Distribution Analysis

JBALX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

JBALX - Fund Manager Analysis

Managers

E. Marc Pinto


Start Date

Tenure

Tenure Rank

May 01, 2005

14.93

14.9%

Marc Pinto is a Portfolio Manager at Janus Henderson Investors and is responsible for the Opportunistic Growth strategy. He also co-manages the Balanced and Growth & Income strategies. Before joining Janus as a research analyst in 1994, Mr. Pinto worked as an associate in the investment banking division at Goldman Sachs and as a research associate at Fred Alger Management. Mr. Pinto received his bachelor of arts degree in history from Yale University and his MBA from Harvard Business School, where he graduated with distinction. He holds the Chartered Financial Analyst designation.

Jeremiah Buckley


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.25

4.3%

Jeremiah Buckley is a Portfolio Manager at Janus Henderson Investors, responsible for co-managing the Growth & Income and Balanced strategies. He also serves as Assistant Portfolio Manager on the Opportunistic Growth strategy. In addition, he is a member of the Janus Henderson proxy voting committee. Mr. Buckley joined Janus in 1998 as a Research Analyst covering the consumer, industrials, financials, media, software and telecommunications sectors. He served 10 years as Janus’ consumer sector lead before transitioning to full-time portfolio management. Mr. Buckley earned his bachelor of arts degree in economics from Dartmouth College, graduating Phi Beta Kappa. While there, he received the Class of ’39 scholarship for academic and athletic achievement and the Class of ’48 male scholar-athlete of the year award. He was also selected for the 1998 Academic All-Ivy Hockey Team and served as the men’s hockey captain from 1997 to 1998. Mr. Buckley holds the Chartered Financial Analyst designation.

Michael Keough


Start Date

Tenure

Tenure Rank

Dec 03, 2019

0.33

0.3%

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

0.16

0.2%

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
0.01 39.27 6.82 0.25