JABAX: Janus Henderson Balanced T

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JABAX Janus Henderson Balanced T

  • Fund
  • JABAX
  • Price as of: Dec 04, 2019
  • $36.52
    + $0.13 + 0.36%

Profile

JABAX - Profile

Vitals

  • YTD Return 18.1%
  • 3 Yr Annualized Return 13.0%
  • 5 Yr Annualized Return 8.2%
  • Net Assets $18.2 B
  • Holdings in Top 10 22.2%

52 WEEK LOW AND HIGH

$36.52
$29.78
$36.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

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

BROKERAGE FEES

  • Turnover 88.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

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

Distributions

  • YTD Total Return 18.1%
  • 3 Yr Annualized Total Return 13.0%
  • 5 Yr Annualized Total Return 8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Janus Henderson Balanced Fund
  • Fund Family Name
    Janus Henderson
  • Inception Date
    Sep 01, 1992
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    E. Marc Pinto

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.


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Categories

Fund Company Quick Screens

JABAX - Fund Company Quick Screens


Performance

JABAX - Performance

Return Ranking - Trailing

Period JABAX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.1% -45.0% 37.8% 9.79%
1 Yr 13.3% -38.1% 36.5% 4.56%
3 Yr 13.0%* -35.9% 16.5% 1.07%
5 Yr 8.2%* -39.5% 12.6% 2.02%
10 Yr 9.4%* -38.7% 17.4% 8.52%

* Annualized

Return Ranking - Calendar

Period JABAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.0% -31.8% 19.0% 16.16%
2017 12.4% -44.7% 46.3% 5.19%
2016 1.1% -84.5% 146.1% 82.88%
2015 -5.4% -40.7% 14.6% 37.45%
2014 2.0% -35.0% 306.6% 38.91%

Total Return Ranking - Trailing

Period JABAX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.1% -45.0% 37.8% 9.79%
1 Yr 13.3% -38.1% 36.5% 4.89%
3 Yr 13.0%* -35.9% 16.5% 1.07%
5 Yr 8.2%* -39.5% 12.6% 2.29%
10 Yr 9.4%* -38.7% 18.3% 9.53%

* Annualized

Total Return Ranking - Calendar

Period JABAX Return Category Return Low Category Return High Rank in Category (%)
2018 0.5% -27.4% 19.0% 3.46%
2017 18.4% -44.7% 46.3% 2.65%
2016 4.4% -84.5% 146.1% 69.41%
2015 0.5% -36.9% 14.6% 11.65%
2014 8.1% -35.0% 306.6% 27.17%

NAV & Total Return History


Holdings

JABAX - Holdings

Concentration Analysis

JABAX Category Low Category High JABAX % Rank
Net Assets 18.2 B 603 K 154 B 4.59%
Number of Holdings 607 2 13643 18.64%
Net Assets in Top 10 4.05 B -206 M 29 B 7.03%
Weighting of Top 10 22.19% 8.9% 210.3% 71.67%

Top 10 Holdings

  1. Microsoft Corp 3.81%
  2. Mastercard Inc A 2.88%
  3. Alphabet Inc Class C 2.27%
  4. Boeing Co 2.12%
  5. Apple Inc 2.01%
  6. McDonald's Corp 2.00%
  7. Costco Wholesale Corp 1.94%
  8. U.S. Bancorp 1.85%
  9. The Home Depot Inc 1.83%
  10. Comcast Corp Class A 1.48%

Asset Allocation

Weighting Return Low Return High JABAX % Rank
Stocks
61.46% -41.01% 77.78% 15.12%
Bonds
35.42% -4.17% 79.17% 69.33%
Cash
2.92% -110.26% 67.63% 63.68%
Preferred Stocks
0.11% 0.00% 49.94% 43.24%
Convertible Bonds
0.09% 0.00% 75.96% 73.27%
Other
0.00% -41.44% 209.72% 91.59%

Stock Sector Breakdown

Weighting Return Low Return High JABAX % Rank
Technology
14.88% -6.80% 25.15% 8.69%
Financial Services
10.97% -7.21% 29.64% 13.52%
Consumer Cyclical
8.82% -10.60% 25.25% 5.79%
Industrials
7.86% -2.39% 24.85% 12.02%
Healthcare
7.06% -6.04% 20.92% 31.97%
Consumer Defense
6.13% -2.62% 11.56% 6.76%
Real Estate
1.92% -8.18% 51.84% 42.81%
Communication Services
1.48% -2.17% 9.78% 54.18%
Basic Materials
1.27% -1.68% 15.06% 53.54%
Energy
1.05% -2.02% 68.57% 78.33%
Utilities
0.00% -2.30% 59.59% 98.18%

Stock Geographic Breakdown

Weighting Return Low Return High JABAX % Rank
US
60.76% -41.02% 75.95% 7.14%
Non US
0.70% -2.07% 29.45% 83.28%

Bond Sector Breakdown

Weighting Return Low Return High JABAX % Rank
Corporate
18.83% 0.00% 85.45% 46.54%
Securitized
12.18% 0.00% 45.59% 41.21%
Government
4.61% -45.95% 75.63% 77.42%
Cash & Equivalents
2.92% -110.26% 72.04% 64.00%
Derivative
0.00% -11.79% 2.88% 82.85%
Municipal
0.00% 0.00% 58.76% 97.55%

Bond Geographic Breakdown

Weighting Return Low Return High JABAX % Rank
US
34.74% -5.44% 87.85% 60.49%
Non US
0.68% -14.01% 19.86% 83.81%

Expenses

JABAX - Expenses

Operational Fees

JABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.00% 18.45% 65.70%
Management Fee 0.55% 0.00% 2.00% 52.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.00% 0.83% 93.36%

Sales Fees

JABAX 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

JABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

JABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 88.00% 0.00% 1488.00% 72.89%

Distributions

JABAX - Distributions

Dividend Yield Analysis

JABAX Category Low Category High JABAX % Rank
Dividend Yield 0.35% 0.00% 11.09% 66.13%

Dividend Distribution Analysis

JABAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

JABAX Category Low Category High JABAX % Rank
Net Income Ratio 1.61% -4.40% 6.65% 55.66%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

JABAX - Fund Manager Analysis

Managers

E. Marc Pinto


Start Date

Tenure

Tenure Rank

May 01, 2005

14.51

14.5%

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.

Mayur Saigal


Start Date

Tenure

Tenure Rank

Dec 31, 2015

3.84

3.8%

Mayur Saigal is a Portfolio Manager at Janus Henderson Investors, a position he has held since 2013. From 2009 to 2018, he was also head of fundamental fixed income risk. Mr. Saigal pioneered Quantum Global, Janus Henderson’s proprietary portfolio management and risk analytics platform, which provides a multidimensional assessment of portfolios down to the instrument level. Mr. Saigal co-manages the U.S. Corporate Credit, Core Plus, Intermediate Fixed Income, Long Duration and Short Duration strategies. Additionally, he co-manages the fixed income portion of the Balanced strategy. From 2005 to 2009, he served as a global 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 16 years of financial industry experience.

Jeremiah Buckley


Start Date

Tenure

Tenure Rank

Dec 31, 2015

3.84

3.8%

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.

Darrell W. Watters


Start Date

Tenure

Tenure Rank

Dec 31, 2015

3.84

3.8%

Darrell Watters is Head of U.S. Fundamental Fixed Income at Janus Henderson Investors, a position he has held since 2015. He is also a Portfolio Manager responsible for co-managing the High Yield, Core Plus, Short Duration, Short Duration High Yield, Intermediate Fixed Income, U.S. Corporate Credit and Long Duration strategies. Additionally, Mr. Watters co-manages the fixed income portion of the Balanced strategy. He has been supporting the firm’s fixed income platform since 1996, serving in portfolio management and research analyst roles. Prior to joining Janus as a municipal bond trader in 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 32 years of financial industry experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 35.86 6.99 7.46