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JABAX Janus Henderson Balanced T

  • Fund
  • JABAX
  • Price as of: May 21, 2019
  • $33.93 + $0.18 + 0.53%
  • Category
  • Diversified Portfolio

JABAX - Profile

Vitals

  • YTD Return 9.7%
  • 3 Yr Annualized Return 6.3%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $16.4 B
  • Holdings in Top 10 22.0%

52 WEEK LOW AND HIGH

$33.93
$29.78
$35.51

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

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 9.7%
  • 3 Yr Annualized Total Return 11.7%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.

JABAX - Performance

Return Ranking - Trailing

Period JABAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -3.6% 18.6% 37.57%
1 Yr 0.4% -27.6% 10.7% 14.57%
3 Yr 6.3%* -9.2% 14.1% 5.00%
5 Yr 1.9%* -24.5% 8.6% 9.27%
10 Yr 4.9%* -14.3% 9.7% 34.61%

* Annualized


Return Ranking - Calendar

Period JABAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.0% -34.6% 1.6% 11.98%
2017 12.4% -12.4% 33.2% 12.76%
2016 1.1% -65.8% 23.3% 81.35%
2015 -5.4% -64.9% 4.8% 35.96%
2014 2.0% -59.3% 68.3% 28.52%

Total Return Ranking - Trailing

Period JABAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -3.6% 18.6% 38.52%
1 Yr 6.9% -25.5% 11.4% 1.46%
3 Yr 11.7%* -9.2% 14.1% 1.15%
5 Yr 7.5%* -21.8% 47.6% 1.71%
10 Yr 9.9%* -12.6% 13.3% 9.44%

* Annualized


Total Return Ranking - Calendar

Period JABAX Return Category Return Low Category Return High Rank in Category (%)
2018 0.5% -32.7% 1.6% 0.76%
2017 18.4% -8.4% 33.2% 7.15%
2016 4.4% -65.2% 23.3% 69.81%
2015 0.5% -62.9% 9.2% 7.50%
2014 8.1% -28.5% 76.9% 13.82%

NAV & Total Return History

JABAX - Holdings

Concentration Analysis

JABAX Category Low Category High JABAX % Rank
Net Assets 16.4 B 608 K 144 B 3.54%
Number of Holdings 541 2 13342 24.04%
Net Assets in Top 10 3.46 B -752 M 26.4 B 9.93%
Weighting of Top 10 21.97% 0.0% 3196.0% 76.53%

Top 10 Holdings

  1. Microsoft Corp 3.43%

  2. Mastercard Inc A 2.65%

  3. United States Treasury Notes 3.12% 2.61%

  4. Alphabet Inc Class C 2.28%

  5. Boeing Co 2.22%

  6. McDonald's Corp 1.85%

  7. Apple Inc 1.78%

  8. Altria Group Inc 1.75%

  9. Costco Wholesale Corp 1.72%

  10. US Bancorp 1.68%


Asset Allocation

Weighting Return Low Return High JABAX % Rank
Stocks
59.47% -18.54% 99.89% 39.47%
Bonds
38.70% -342.57% 261.66% 44.91%
Cash
1.73% -285.07% 453.71% 75.59%
Convertible Bonds
0.10% -0.09% 39.88% 61.86%
Preferred Stocks
0.00% 0.00% 65.70% 90.89%
Other
0.00% -253.31% 51.84% 88.49%

Stock Sector Breakdown

Weighting Return Low Return High JABAX % Rank
Technology
13.84% -9.43% 28.91% 17.28%
Financial Services
9.92% -0.38% 47.66% 31.65%
Consumer Cyclical
8.20% -10.37% 33.33% 20.13%
Industrials
7.77% -0.28% 27.79% 17.78%
Healthcare
7.45% -2.72% 24.64% 35.95%
Consumer Defense
6.60% -1.62% 18.58% 7.85%
Real Estate
1.75% -3.85% 73.69% 51.71%
Communication Services
1.37% -0.92% 7.52% 57.34%
Energy
1.32% -2.23% 32.61% 82.47%
Basic Materials
1.25% -1.52% 21.64% 69.75%
Utilities
0.00% -0.60% 23.50% 96.84%

Stock Geographic Breakdown

Weighting Return Low Return High JABAX % Rank
US
58.72% -20.21% 124.70% 11.57%
Non US
0.75% -91.46% 98.02% 89.82%

Bond Sector Breakdown

Weighting Return Low Return High JABAX % Rank
Securitized
14.58% 0.00% 43.20% 25.74%
Corporate
12.97% 0.00% 93.54% 56.36%
Government
11.25% -203.24% 254.66% 47.38%
Cash & Equivalents
1.73% -278.69% 455.04% 72.36%
Derivative
0.00% -190.53% 70.06% 66.98%
Municipal
0.00% 0.00% 99.76% 88.24%

Bond Geographic Breakdown

Weighting Return Low Return High JABAX % Rank
US
37.38% -337.34% 210.96% 36.88%
Non US
1.32% -84.44% 144.19% 81.59%

JABAX - Expenses

Operational Fees

JABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.00% 11.64% 58.89%
Management Fee 0.55% 0.00% 2.50% 63.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.00% 0.83% 91.32%

Sales Fees

JABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 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 0.11% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 88.00% 0.00% 6067.00% 77.99%

JABAX - Distributions

Dividend Yield Analysis

JABAX Category Low Category High JABAX % Rank
Dividend Yield 0.01% 0.00% 0.31% 61.10%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

JABAX Category Low Category High JABAX % Rank
Net Income Ratio 1.61% -4.09% 6.99% 52.50%

Capital Gain Distribution Analysis

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

JABAX - Managers

E. Marc Pinto

Manager

Start Date

Tenure

Tenure Rank

May 01, 2005

14.01

14.0%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2015

3.33

3.3%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2015

3.33

3.3%

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.


Darrell W. Watters

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2015

3.33

3.3%

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

0.0

Category High

38.35

Category Average

6.56

Category Mode

6.95