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Trending ETFs

Janus Henderson Flexible Bond Fund

mutual fund
JFLEX
Payout Change
Pending
Price as of:
$9.17 +0.0 +0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
C (JFICX) D (JANFX) I (JFLEX) T (JAFIX) A (JDFAX) S (JADFX) R (JDFRX) N (JDFNX)
JFLEX (Mutual Fund)

Janus Henderson Flexible Bond Fund

Payout Change
Pending
Price as of:
$9.17 +0.0 +0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
C (JFICX) D (JANFX) I (JFLEX) T (JAFIX) A (JDFAX) S (JADFX) R (JDFRX) N (JDFNX)
JFLEX (Mutual Fund)

Janus Henderson Flexible Bond Fund

Payout Change
Pending
Price as of:
$9.17 +0.0 +0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
C (JFICX) D (JANFX) I (JFLEX) T (JAFIX) A (JDFAX) S (JADFX) R (JDFRX) N (JDFNX)

Name

As of 12/24/2024

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

Janus Henderson Flexible Bond Fund

JFLEX | Fund

$9.17

$2.69 B

5.49%

$0.51

0.54%

Vitals

YTD Return

1.9%

1 yr return

2.2%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

0.4%

Net Assets

$2.69 B

Holdings in Top 10

18.3%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 132.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

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

Janus Henderson Flexible Bond Fund

JFLEX | Fund

$9.17

$2.69 B

5.49%

$0.51

0.54%

JFLEX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Janus Henderson Flexible Bond Fund
  • Fund Family Name
    Janus Henderson
  • Inception Date
    Jul 07, 1987
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Keough

Fund Description

The Fund 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 Fund may invest in fixed and floating rate obligations with varying durations. The Fund’s average portfolio duration typically ranges between three and seven years. As of June 30, 2024, the Fund’s average portfolio duration was 6.43 years.The Fund will invest at least 65% of its net assets in investment grade debt securities. The Fund will limit its investment in high-yield bonds (also known as “junk” bonds) to 35% or less of its net assets. The Fund generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund may enter into “to be announced” or “TBA” commitments when purchasing mortgage-backed securities or other securities. The Fund also invests in securities that have contractual restrictions that prohibit or limit their public resale, which may include Rule 144A securities. The Fund may also invest in foreign securities. Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.Additionally, the Fund 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 Fund may use interest rate swaps and futures, including Treasury bond futures, to manage interest rate risk, yield curve positioning, and country exposure. The Fund 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 Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund relative to its benchmark index, and to earn income, enhance returns, or preserve capital. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the securities in which the Fund may directly invest. The Fund 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.This research encompasses both traditional fundamental analysis and data driven quantitative models and signals from such models.As part of its investment process, portfolio management considers environmental, social, and governance (“ESG”) risks and opportunities (“ESG Factors”) that it believes are financially material, alongside other fundamental investment factors. Examples of potential financially material ESG Factors include corporate governance, company culture, exposure to climate change, and human capital management. To assess ESG Factors, portfolio management uses issuer reports, third-party data, and internally-generated analyses and may engage directly with issuers. ESG Factors are one of many considerations in the investment decision-making process and may not be determinative in deciding to include or exclude an investment from the portfolio.The Fund may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions, 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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JFLEX - Performance

Return Ranking - Trailing

Period JFLEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -7.8% 11.6% 40.77%
1 Yr 2.2% -7.5% 11.7% 39.94%
3 Yr -2.4%* -11.0% 27.4% 44.88%
5 Yr 0.4%* -7.6% 58.4% 24.88%
10 Yr 1.7%* -3.0% 73.8% 29.35%

* Annualized

Return Ranking - Calendar

Period JFLEX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -16.2% 8.1% 75.47%
2022 -16.0% -34.7% 131.9% 48.51%
2021 -2.8% -11.6% 4.4% 26.92%
2020 8.0% -9.9% 946.1% 8.75%
2019 6.2% -1.7% 16.9% 27.37%

Total Return Ranking - Trailing

Period JFLEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -7.8% 11.6% 40.77%
1 Yr 2.2% -7.5% 11.7% 39.94%
3 Yr -2.4%* -11.0% 27.4% 44.88%
5 Yr 0.4%* -7.6% 58.4% 24.88%
10 Yr 1.7%* -3.0% 73.8% 29.35%

* Annualized

Total Return Ranking - Calendar

Period JFLEX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -11.3% 11.9% 42.41%
2022 -13.5% -32.2% 131.9% 48.19%
2021 -0.7% -9.4% 9.2% 40.04%
2020 11.1% -1.9% 1009.0% 10.93%
2019 9.9% 1.1% 21668.0% 22.21%

NAV & Total Return History

JFLEX - Holdings

Concentration Analysis

JFLEX Category Low Category High JFLEX % Rank
Net Assets 2.69 B 2.9 M 314 B 39.17%
Number of Holdings 640 1 17880 53.79%
Net Assets in Top 10 508 M 1.62 M 35.1 B 46.52%
Weighting of Top 10 18.27% 4.7% 3984.6% 71.53%

Top 10 Holdings

  1. Janus Henderson Cash Liquidity Fund LLC 8.13%
  2. United States Treasury Note/Bond 3.61%
  3. US TREASURY N/B 1.52%
  4. FNMA-30YR 0.86%
  5. United States Treasury Note/Bond 0.78%
  6. FNMA-30YR 0.77%
  7. FN FS0662 0.70%
  8. CDNS 4.375 10/15/24 0.65%
  9. G2-30YR-Multi 0.64%
  10. FN FS9027 0.63%

Asset Allocation

Weighting Return Low Return High JFLEX % Rank
Bonds 		73.59% 0.00% 9231.88% 93.37%
Other 		22.81% -27.25% 1695.17% 6.54%
Stocks 		8.24% 0.00% 99.98% 3.94%
Convertible Bonds 		2.13% 0.00% 7.93% 26.26%
Cash 		0.03% -54.51% 237.69% 92.52%
Preferred Stocks 		0.00% 0.00% 72.34% 77.05%

Stock Sector Breakdown

Weighting Return Low Return High JFLEX % Rank
Utilities 		0.00% 0.00% 100.00% 95.57%
Technology 		0.00% 0.00% 43.45% 95.03%
Real Estate 		0.00% 0.00% 99.26% 95.44%
Industrials 		0.00% 0.00% 48.31% 95.70%
Healthcare 		0.00% 0.00% 17.70% 95.17%
Financial Services 		0.00% 0.00% 100.00% 7.65%
Energy 		0.00% 0.00% 100.00% 97.05%
Communication Services 		0.00% 0.00% 100.00% 95.57%
Consumer Defense 		0.00% 0.00% 99.67% 95.57%
Consumer Cyclical 		0.00% 0.00% 100.00% 95.30%
Basic Materials 		0.00% 0.00% 100.00% 95.17%

Stock Geographic Breakdown

Weighting Return Low Return High JFLEX % Rank
US 		8.24% 0.00% 99.98% 3.95%
Non US 		0.00% 0.00% 88.46% 70.92%

Bond Sector Breakdown

Weighting Return Low Return High JFLEX % Rank
Securitized 		36.74% 0.00% 98.40% 28.45%
Government 		30.85% 0.00% 86.23% 37.97%
Corporate 		24.50% 0.00% 100.00% 70.50%
Cash & Equivalents 		0.03% 0.00% 237.69% 89.30%
Municipal 		0.00% 0.00% 100.00% 91.84%
Derivative 		-0.04% -6.56% 43.84% 73.21%

Bond Geographic Breakdown

Weighting Return Low Return High JFLEX % Rank
US 		73.59% 0.00% 9042.62% 92.32%
Non US 		0.00% 0.00% 189.26% 81.62%

JFLEX - Expenses

Operational Fees

JFLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.01% 39.64% 67.08%
Management Fee 0.41% 0.00% 1.76% 75.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

JFLEX 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

JFLEX 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.

JFLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 132.00% 2.00% 493.39% 52.06%

JFLEX - Distributions

Dividend Yield Analysis

JFLEX Category Low Category High JFLEX % Rank
Dividend Yield 5.49% 0.00% 10.11% 28.70%

Dividend Distribution Analysis

JFLEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Quarterly

Net Income Ratio Analysis

JFLEX Category Low Category High JFLEX % Rank
Net Income Ratio 2.10% -1.28% 4.79% 25.85%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JFLEX - 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

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