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JABAX Janus Balanced T

  • Fund
  • JABAX
  • Price as of: Aug 08, 2016
  • $29.35
  • - $0.05
  • - 0.17%
  • Category
  • Diversified Portfolio

JABAX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 6.5%
  • 5 Yr Annualized Return 7.9%
  • Net Assets $13.1 B
  • Holdings in Top 10 22.9%

52 WEEK LOW AND HIGH

$29.35
$26.70
$30.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.83%

SALES FEES

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

BROKERAGE FEES

  • Turnover 75.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Janus Balanced Fund
  • Fund Family Name Janus
  • Inception Date Sep 01, 1992
  • Shares Outstanding N/A
  • Share Class T
  • Currency USD
  • Domiciled Country United States
  • Manager R.Gibson Smith

Fund Description

The Janus Balanced Fund Class T (JABAX) is an actively managed, moderately allocated fund that owns a host of stocks and bonds from both foreign and domestic issuers. Unlike many balanced funds, JABAX employs fundamental macroeconomic analysis to shift its allocations to between 35% and 65% in stocks based on market conditions. This shift also occurs between foreign and domestic exposure.

Given its low costs and broad mandate of holdings, JABAX makes a perfect core position for many investors. The fund is internally managed by Janus Capital Management LLC.

JABAX - Performance

Return Ranking - Trailing

Period JABAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.4% -65.8% 22.5% 69.94% 4
1 Yr 1.3% -30.1% 18.0% 52.70% 3
3 Yr 6.5% * -14.0% 12.6% 17.48% 1
5 Yr 7.9% * -13.4% 12.2% 18.57% 1
10 Yr 7.6% * -5.6% 9.0% 2.23% 1

* Annualized


Return Ranking - Calendar

Period JABAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.4% -61.2% 48.7% 35.85% 2
2014 N/A -11.0% 4.5% N/A N/A
2013 N/A -11.5% 25.9% N/A N/A
2012 N/A 5.1% 15.7% N/A N/A
2011 N/A -7.3% 5.7% N/A N/A

Total Return Ranking - Trailing

Period JABAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.4% -65.8% 22.5% 70.80% 4
1 Yr 1.3% -30.1% 17.0% 39.52% 2
3 Yr 6.5% * -15.0% 12.6% 14.02% 1
5 Yr 7.9% * -13.7% 12.2% 15.73% 1
10 Yr 7.6% * -5.6% 9.0% 2.07% 1

* Annualized


Total Return Ranking - Calendar

Period JABAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.4% -61.2% 48.7% 35.75% 2
2014 N/A -11.0% 9.6% N/A N/A
2013 N/A -4.1% 29.6% N/A N/A
2012 N/A 7.8% 20.7% N/A N/A
2011 N/A -3.5% 11.7% N/A N/A

NAV & Total Return History

JABAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

JABAX Category Low Category High JABAX % Rank Quintile
Net Assets 13.1 B 81.4 K 102 B 0.87% 1
Number of Holdings 519 1 12089 5.17% 2
Net Assets in Top 10 3.01 B -654 M 19.5 B 1.69% 1
Weighting of Top 10 22.9% 0.0% 246.1% 23.43% 4

Top 10 Holdings

  1. Amgen Inc 2.50%
  2. Nike Inc B 2.15%
  3. MasterCard Inc A 2.43%
  4. Microsoft Corp 2.70%
  5. Alphabet Inc C 2.27%
  6. AbbVie Inc 1.97%
  7. Boeing Co 2.36%
  8. Bristol-Myers Squibb Company 2.49%
  9. Altria Group Inc 2.30%
  10. LyondellBasell Industries NV 1.75%

Asset Allocation

Weighting Category Low Category High JABAX % Rank Quintile
Stocks
59.09% -3.90% 139.24% 11.01% 2
Bonds
37.32% -0.39% 98.35% 12.33% 2
Other
1.94% -9.98% 131.62% 10.66% 2
Cash
1.39% -80.76% 100.06% 26.22% 5
Preferred Stocks
0.26% -0.04% 36.35% 7.92% 2
Convertible Bonds
0.00% 0.00% 33.12% 6.86% 5

Stock Sector Breakdown

Weighting Category Low Category High JABAX % Rank Quintile
Consumer Cyclical
9.61% -6.71% 67.05% 4.41% 1
Technology
8.81% -11.24% 86.30% 9.33% 2
Consumer Defense
8.27% -6.80% 33.05% 2.51% 1
Financial Services
8.26% -5.44% 81.82% 10.68% 2
Industrials
8.09% -4.76% 59.46% 6.69% 1
Healthcare
7.50% -0.78% 26.13% 9.56% 2
Basic Materials
2.22% -3.08% 25.70% 9.29% 2
Real Estate
1.90% -2.11% 51.75% 12.53% 3
Communication Services
1.25% -2.19% 32.13% 12.02% 4
Energy
0.00% -3.72% 31.87% 20.61% 5
Utilities
0.00% -6.48% 56.47% 15.13% 5

Stock Geographic Breakdown

Weighting Category Low Category High JABAX % Rank Quintile
US
59.09% -123.16% 136.63% 4.53% 1
Non US
0.00% -2.43% 163.55% 27.28% 5

Bond Sector Breakdown

Weighting Category Low Category High JABAX % Rank Quintile
Corporate
14.91% 0.00% 93.84% 14.37% 3
Securitized
12.72% -0.01% 42.26% 6.64% 2
Government
9.96% -160.96% 76.37% 12.68% 3
Cash & Equivalents
1.39% -80.82% 157.26% 25.86% 5
Municipal
0.00% 0.00% 137.36% 7.60% 5
Derivative
0.00% -84.53% 22.60% 2.97% 3

Bond Geographic Breakdown

Weighting Category Low Category High JABAX % Rank Quintile
US
35.88% -31.85% 93.68% 9.06% 2
Non US
1.44% -57.44% 70.46% 20.92% 5

JABAX - Expenses

Operational Fees

JABAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.83% 0.00% 165.34% 15.29% 2
Management Fee 0.55% 0.00% 2.55% 3.35% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.25% 0.00% 0.83% 1.15% 5

Sales Fees

JABAX Fees (% of AUM) Category Low Category High JABAX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

JABAX Fees (% of AUM) Category Low Category High JABAX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover 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.

JABAX Fees (% of AUM) Category Low Category High JABAX Rank Quintile
Turnover 75.00% 0.00% 5473.00% 8.72% 4

JABAX - Distributions

Dividend Yield Analysis

JABAX Category Low Category High JABAX % Rank Quintile
Dividend Yield 0.5% 0.00% 11.33% 8.08% 1

Dividend Distribution Analysis

JABAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

JABAX Category Low Category High JABAX % Rank Quintile
Net Income Ratio 1.89% -2.96% 9.94% 10.81% 2

Capital Gain Distribution Analysis

JABAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

JABAX - Managers

R.Gibson Smith

Manager

Start Date

May 01, 2005

Tenure

11.26

Tenure Rank

1.4%

Mr. Smith has managed the MainStay VP Janus Balanced Portfolio since 2012. He is Chief Investment Officer Fixed Income and Portfolio Manager of Janus Capital. He joined Janus Capital in 2001 as a fixed-income analyst. Mr. Smith holds a Bachelor's degree in Economics from the University of Colorado.


Mayur Saigal

Manager

Start Date

Dec 31, 2015

Tenure

0.58

Tenure Rank

6.6%

Mayur Saigal Global Head of Fixed Income Risk Management | Portfolio Manager Mayur Saigal is Global Head of Fixed Income Risk Management, a position he has held since 2009. Mr. Saigal also co-manages the Janus Real Return, U.S Corporate Credit, Core Plus, Intermediate Fixed Income, Long Duration and Short Duration strategies and all related portfolios. Mr. Saigal also co-manages the fixed income portion of the Janus Balanced strategy. From 2005 to 2009, Mr. Saigal served as a global research analyst on the fixed income team. Prior to joining Janus, he worked as a leveraged loan analyst at ING Investments in Scottsdale, Arizona. Mr. Saigal received his bachelor’s degree in engineering from Mumbai University and his MBA from the Thunderbird School of Global Management. He has 14 years of financial industry experience.


Jeremiah Buckley

Manager

Start Date

Dec 31, 2015

Tenure

0.58

Tenure Rank

6.6%

Jeremiah Buckley, CFA Portfolio Manager Jeremiah Buckley is a Portfolio Manager responsible for co-managing the Janus Growth & Income and Balanced strategies and all related portfolios. He also serves as Assistant Portfolio Manager on the Janus Focused Equity, Large Cap Growth and Opportunistic Growth strategies. Mr. Buckley is also team leader of the consumer sector research team. Mr. Buckley joined Janus in July 1998. During his tenure at Janus, he has covered numerous sectors including industrials, financials, media, software and telecommunications. He received his bachelor of arts degree in economics, graduating Phi Beta Kappa, from Dartmouth College. While attending Dartmouth, Mr. Buckley received the Class of ’39 scholarship for academic and athletic achievement and the Class of ’48 male scholar-athlete of the year. 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 and has 18 years of financial industry experience.


Darrell W. Watters

Manager

Start Date

Dec 31, 2015

Tenure

0.58

Tenure Rank

6.6%

Darrell W. Watters Portfolio Manager Darrell Watters is a Portfolio Manager on the fixed income team. In this role he co-manages the Janus High Yield, Core Plus, Short Duration, Short Duration High Yield, Intermediate Fixed Income, U.S. Corporate Credit, and Long Duration strategies and all related portfolios. Mr. Watters also co-manages the fixed income portion of the Janus Balanced and Perkins Value Plus Income strategies and related portfolios. Mr. Watters has been supporting Janus’ fixed income platform since 1996, serving in portfolio management and research analyst roles. Prior to joining Janus as a municipal bond trader in April 1993, he was a municipal bond trader with Piper Jaffray. Mr. Watters received his bachelor of science degree in economics from Colorado State University. He has 30 years of financial industry experience.


Marc Pinto

Manager

Start Date

May 01, 2005

Tenure

11.26

Tenure Rank

1.4%

Marc Pinto has been a Co-Portfolio Manager of the Balanced Component of the Risk Managed Balanced Portfolio since May 2014. He is a Vice President and Portfolio Manager of Janus. Mr. Pinto joined Janus in 1994 as an analyst. He holds a Bachelor's degree in History from Yale University and a Master's degree in Business Administration from Harvard University. He is also a CFA® charterholder.


Tenure Analysis

Category Low

0.0

Category High

35.6

Category Average

5.33

Category Mode

1.6