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Janus Henderson Flexible Bond Portfolio
mutual fund
JAFLX
Payout Change
Pending
Price as of:
$9.72
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
JAFLX (Mutual Fund)
Janus Henderson Flexible Bond Portfolio
Payout Change
Pending
Price as of:
$9.72
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
JAFLX (Mutual Fund)
Janus Henderson Flexible Bond Portfolio
Payout Change
Pending
Price as of:
$9.72
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
1.6%
1 yr return
1.9%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
0.6%
Net Assets
$589 M
Holdings in Top 10
20.6%
52 WEEK LOW AND HIGH
$9.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.64%
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 12/24/2024Price
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
JAFLX - Profile
Distributions
- YTD Total Return 1.6%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.72%
- Dividend Yield 5.4%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameJanus Henderson Flexible Bond Portfolio
-
Fund Family NameJanus Henderson Funds
-
Inception DateSep 13, 1993
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael 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, 2023, the Portfolio’s average portfolio duration was 6.27 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 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 public resale, which may include Rule 144A securities. The Portfolio may also invest in foreign 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.Derivative instruments 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.
Read More
JAFLX - Performance
Return Ranking - Trailing
| Period | JAFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -7.8% | 11.6% | 47.51% |
| 1 Yr | 1.9% | -7.5% | 11.7% | 48.96% |
| 3 Yr | -2.5%* | -11.0% | 27.4% | 52.35% |
| 5 Yr | 0.6%* | -7.6% | 58.4% | 18.43% |
| 10 Yr | 1.8%* | -3.0% | 73.8% | 23.55% |
* Annualized
Return Ranking - Calendar
| Period | JAFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.1% | -16.2% | 8.1% | 84.93% |
| 2022 | -17.5% | -34.7% | 131.9% | 83.19% |
| 2021 | -5.5% | -11.6% | 4.4% | 94.88% |
| 2020 | 7.3% | -9.9% | 946.1% | 10.70% |
| 2019 | 6.0% | -1.7% | 16.9% | 36.13% |
Total Return Ranking - Trailing
| Period | JAFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -7.8% | 11.6% | 47.51% |
| 1 Yr | 1.9% | -7.5% | 11.7% | 48.96% |
| 3 Yr | -2.5%* | -11.0% | 27.4% | 52.35% |
| 5 Yr | 0.6%* | -7.6% | 58.4% | 18.43% |
| 10 Yr | 1.8%* | -3.0% | 73.8% | 23.55% |
* Annualized
Total Return Ranking - Calendar
| Period | JAFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.5% | -11.3% | 11.9% | 70.27% |
| 2022 | -13.7% | -32.2% | 131.9% | 52.98% |
| 2021 | -0.9% | -9.4% | 9.2% | 45.38% |
| 2020 | 12.4% | -1.9% | 1009.0% | 7.71% |
| 2019 | 9.6% | 1.1% | 21668.0% | 30.01% |
NAV & Total Return History
JAFLX - Holdings
Concentration Analysis
| JAFLX | Category Low | Category High | JAFLX % Rank | |
|---|---|---|---|---|
| Net Assets | 589 M | 2.9 M | 314 B | 64.56% |
| Number of Holdings | 664 | 1 | 17880 | 52.96% |
| Net Assets in Top 10 | 132 M | 1.62 M | 35.1 B | 68.02% |
| Weighting of Top 10 | 20.55% | 4.7% | 3984.6% | 58.71% |
Top 10 Holdings
- Janus Henderson Cash Liquidity Fund LLC 7.94%
- United States Treasury Note/Bond 3.00%
- United States Treasury Note/Bond 2.35%
- US TREASURY N/B 2.03%
- United States Treasury Note/Bond 1.51%
- G2-30YR-Multi 0.87%
- FNMA-30YR 0.79%
- US TREASURY N/B 0.71%
- FNMA-30YR 0.71%
- United States Treasury Note/Bond 0.65%
Asset Allocation
| Weighting | Return Low | Return High | JAFLX % Rank | |
|---|---|---|---|---|
| Bonds | 75.68% | 0.00% | 9231.88% | 92.54% |
| Other | 21.16% | -27.25% | 1695.17% | 8.31% |
| Stocks | 7.99% | 0.00% | 99.98% | 4.15% |
| Convertible Bonds | 2.09% | 0.00% | 7.93% | 27.51% |
| Cash | 0.01% | -54.51% | 237.69% | 92.73% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 48.60% |
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 | 7.99% | 0.00% | 99.98% | 4.15% |
| Non US | 0.00% | 0.00% | 88.46% | 33.75% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JAFLX % Rank | |
|---|---|---|---|---|
| Securitized | 34.76% | 0.00% | 98.40% | 33.37% |
| Government | 31.99% | 0.00% | 86.23% | 32.85% |
| Corporate | 23.53% | 0.00% | 100.00% | 77.09% |
| Cash & Equivalents | 0.01% | 0.00% | 237.69% | 89.51% |
| Municipal | 0.00% | 0.00% | 100.00% | 81.28% |
| Derivative | -0.01% | -6.56% | 43.84% | 66.87% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JAFLX % Rank | |
|---|---|---|---|---|
| US | 75.68% | 0.00% | 9042.62% | 91.48% |
| Non US | 0.00% | 0.00% | 189.26% | 55.87% |
JAFLX - Expenses
Operational Fees
| JAFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.01% | 39.64% | 54.75% |
| Management Fee | 0.50% | 0.00% | 1.76% | 89.72% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.50% | 26.26% |
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% | 4.00% | 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% | 55.58% |
JAFLX - Distributions
Dividend Yield Analysis
| JAFLX | Category Low | Category High | JAFLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.38% | 0.00% | 10.11% | 24.35% |
Dividend Distribution Analysis
| JAFLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
| JAFLX | Category Low | Category High | JAFLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.72% | -1.28% | 4.79% | 49.51% |
Capital Gain Distribution Analysis
| JAFLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.262 | OrdinaryDividend |
| Jun 13, 2024 | $0.234 | OrdinaryDividend |
| Dec 14, 2023 | $0.222 | OrdinaryDividend |
| Jun 21, 2023 | $0.207 | OrdinaryDividend |
| Dec 08, 2022 | $0.142 | OrdinaryDividend |
| Jun 15, 2022 | $0.125 | OrdinaryDividend |
| Jun 15, 2022 | $0.020 | CapitalGainShortTerm |
| Jun 15, 2022 | $0.185 | CapitalGainLongTerm |
| Dec 09, 2021 | $0.107 | OrdinaryDividend |
| Jun 10, 2021 | $0.146 | OrdinaryDividend |
| Jun 10, 2021 | $0.084 | CapitalGainShortTerm |
| Jun 10, 2021 | $0.246 | CapitalGainLongTerm |
| Dec 10, 2020 | $0.148 | OrdinaryDividend |
| Jun 11, 2020 | $0.218 | OrdinaryDividend |
| Jun 11, 2020 | $0.218 | CapitalGainLongTerm |
| Dec 09, 2019 | $0.169 | OrdinaryDividend |
| Jun 10, 2019 | $0.224 | OrdinaryDividend |
| Dec 10, 2018 | $0.169 | OrdinaryDividend |
| Jun 22, 2018 | $0.192 | OrdinaryDividend |
| Dec 11, 2017 | $0.159 | OrdinaryDividend |
| Jun 28, 2017 | $0.190 | OrdinaryDividend |
| Dec 12, 2016 | $0.159 | OrdinaryDividend |
| Jun 21, 2016 | $0.181 | OrdinaryDividend |
| Dec 07, 2015 | $0.125 | OrdinaryDividend |
| Jun 19, 2015 | $0.157 | OrdinaryDividend |
| Jun 19, 2015 | $0.057 | CapitalGainLongTerm |
| Dec 08, 2014 | $0.179 | OrdinaryDividend |
| Jun 19, 2014 | $0.242 | OrdinaryDividend |
| Dec 09, 2013 | $0.118 | OrdinaryDividend |
| Jun 26, 2013 | $0.182 | OrdinaryDividend |
| Jun 26, 2013 | $0.211 | CapitalGainShortTerm |
| Jun 26, 2013 | $0.240 | CapitalGainLongTerm |
| Dec 07, 2012 | $0.186 | OrdinaryDividend |
| Jun 27, 2012 | $0.258 | OrdinaryDividend |
| Jun 27, 2012 | $0.049 | CapitalGainShortTerm |
| Jun 27, 2012 | $0.195 | CapitalGainLongTerm |
| Dec 09, 2011 | $0.216 | OrdinaryDividend |
| Jun 29, 2011 | $0.273 | OrdinaryDividend |
| Jun 29, 2011 | $0.483 | CapitalGainShortTerm |
| Jun 29, 2011 | $0.268 | CapitalGainLongTerm |
| Dec 10, 2010 | $0.213 | OrdinaryDividend |
| Jun 29, 2010 | $0.286 | OrdinaryDividend |
| Jun 29, 2010 | $0.313 | CapitalGainShortTerm |
| Jun 29, 2010 | $0.043 | CapitalGainLongTerm |
| Dec 11, 2009 | $0.283 | OrdinaryDividend |
| Jun 19, 2009 | $0.267 | OrdinaryDividend |
| Jun 19, 2009 | $0.011 | CapitalGainLongTerm |
| Dec 29, 2008 | $0.260 | OrdinaryDividend |
| Jun 27, 2008 | $0.259 | OrdinaryDividend |
| Dec 27, 2007 | $0.291 | OrdinaryDividend |
| Jun 28, 2007 | $0.261 | OrdinaryDividend |
| Dec 28, 2006 | $0.285 | OrdinaryDividend |
| Jun 29, 2006 | $0.274 | OrdinaryDividend |
| Jun 29, 2006 | $0.024 | CapitalGainLongTerm |
| Dec 29, 2005 | $0.252 | OrdinaryDividend |
| Jun 29, 2005 | $0.340 | OrdinaryDividend |
| Jun 29, 2005 | $0.061 | CapitalGainShortTerm |
| Jun 29, 2005 | $0.369 | CapitalGainLongTerm |
| Dec 30, 2004 | $0.406 | OrdinaryDividend |
| Jun 29, 2004 | $0.322 | OrdinaryDividend |
| Dec 30, 2003 | $0.300 | OrdinaryDividend |
| Jun 27, 2003 | $0.294 | OrdinaryDividend |
| Dec 27, 2002 | $0.261 | OrdinaryDividend |
| Jun 28, 2002 | $0.300 | OrdinaryDividend |
| Dec 26, 2001 | $0.340 | OrdinaryDividend |
| Jun 28, 2001 | $0.330 | OrdinaryDividend |
| Dec 29, 2000 | $0.200 | OrdinaryDividend |
| Jun 30, 2000 | $0.310 | OrdinaryDividend |
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 |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
