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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 Balanced Fund

JABRX | Fund

$46.30

$24.9 B

1.84%

$0.84

1.07%

Vitals

YTD Return

16.8%

1 yr return

17.2%

3 Yr Avg Return

3.9%

5 Yr Avg Return

8.2%

Net Assets

$24.9 B

Holdings in Top 10

30.7%

52 WEEK LOW AND HIGH

$46.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

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 Balanced Fund

JABRX | Fund

$46.30

$24.9 B

1.84%

$0.84

1.07%

JABRX - Profile

Distributions

  • YTD Total Return 16.8%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.63%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Janus Henderson Balanced Fund
  • Fund Family Name
    Janus Henderson Funds
  • Inception Date
    Sep 01, 1992
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeremiah Buckley

Fund Description

The Fund pursues its investment objective by normally investing 35-65% of its assets in equity securities and the remaining assets in fixed-income securities and cash equivalents. The Fund normally invests at least 25% of its assets in fixed-income senior securities.As of September 30, 2023, approximately 61.50% of the Fund’s assets were held in equity securities, including common stocks, and 38.50% of the Fund’s assets were held in fixed-income securities and cash equivalents.The Fund’s equity investments include, but are not limited to, common stocks and other securities with equity characteristics. The Fund’s fixed-income investments include, but are not limited to, government notes and bonds, corporate bonds, commercial and residential mortgage-backed securities, and asset-backed securities. The Fund may also invest in money market instruments. The Fund may invest in fixed and floating rate obligations with varying durations.The Fund will limit its investments in high-yield bonds (also known as “junk” bonds) to 35% of the fixed-income portion of its net assets. 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, which may include investments in emerging market securities.The Fund may also invest its assets in derivatives, which are instruments that have a value derived from, or directly linked to, an underlying asset, such as fixed-income securities, currencies, interest rates, or market indices. In particular, the Fund may use forward currency contracts to offset risks associated with an investment, currency exposure, or market conditions and 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, and 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.In choosing investments, portfolio management that focuses on the equity portion of the Fund applies a “bottom up” approach. In other words, equity portfolio management looks at companies one at a time to determine if a company is an attractive investment opportunity and if it is consistent with the Fund’s investment policies. Factors that equity portfolio management will consider in its fundamental analysis include a company’s revenue growth potential, returns on capital, and balance sheet flexibility. Equity portfolio management will generally consider selling a security when, among other things, it reaches or exceeds its targeted value, the investment thesis for owning the position has changed, or to rebalance industry or sector weightings.Portfolio management that focuses on the fixed-income portion of the Fund uses research-driven, “top-down” and “bottom-up” factors to identify and manage exposure to risks across sectors, industries, and individual investments. Fixed-income portfolio management evaluates expected risk-adjusted returns on a portfolio and position level by analyzing fundamentals, valuations, and market technical indicators.The Fund 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 of its fixed-income investments as determined at the time of the loan origination.
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JABRX - Performance

Return Ranking - Trailing

Period JABRX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.8% -2.7% 72.6% 10.87%
1 Yr 17.2% -1.8% 67.6% 9.40%
3 Yr 3.9%* -5.1% 20.7% 32.13%
5 Yr 8.2%* -3.8% 21.1% 20.55%
10 Yr 8.4%* 0.7% 13.6% 11.55%

* Annualized

Return Ranking - Calendar

Period JABRX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -12.2% 23.9% 24.34%
2022 -18.2% -34.7% 2.8% 45.28%
2021 12.0% -11.9% 18.1% 8.19%
2020 11.3% -20.9% 39.7% 18.93%
2019 19.0% 0.8% 25.7% 6.17%

Total Return Ranking - Trailing

Period JABRX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.8% -2.7% 72.6% 10.87%
1 Yr 17.2% -1.8% 67.6% 9.40%
3 Yr 3.9%* -5.1% 20.7% 32.13%
5 Yr 8.2%* -3.8% 21.1% 20.55%
10 Yr 8.4%* 0.7% 13.6% 11.55%

* Annualized

Total Return Ranking - Calendar

Period JABRX Return Category Return Low Category Return High Rank in Category (%)
2023 15.0% -12.2% 26.8% 31.71%
2022 -16.9% -29.0% 10.9% 84.71%
2021 16.7% -3.0% 27.3% 12.36%
2020 13.9% -19.5% 40.6% 38.83%
2019 22.1% 2.2% 32.7% 17.50%

NAV & Total Return History

JABRX - Holdings

Concentration Analysis

JABRX Category Low Category High JABRX % Rank
Net Assets 24.9 B 861 K 235 B 5.86%
Number of Holdings 778 2 16143 15.63%
Net Assets in Top 10 8.11 B 859 K 66.9 B 10.18%
Weighting of Top 10 30.70% 10.8% 122.7% 71.83%

Top 10 Holdings

  1. Microsoft Corp. COM USD0.00000625 5.82%
  2. NVIDIA Corp. COM USD0.001 4.96%
  3. Apple Inc. COM USD0.00001 3.76%
  4. Janus Henderson Cash Liquidity Fund LLC 2.91%
  5. Alphabet Inc. CAP USD0.001 CL C 2.73%
  6. Amazon.com, Inc. COM USD0.01 2.49%
  7. Meta Platforms Inc COM USD0.000006 CL 'A' 2.34%
  8. MasterCard Incorporated COM USD0.0001 CLASS A 2.19%
  9. UnitedHealth Group Inc. COM USD0.01 1.84%
  10. The Progressive Corporation COM USD1.00 1.64%

Asset Allocation

Weighting Return Low Return High JABRX % Rank
Stocks 		65.07% 0.00% 100.10% 57.67%
Bonds 		29.80% 0.00% 77.71% 34.51%
Other 		7.62% -42.55% 113.97% 2.95%
Convertible Bonds 		0.61% 0.00% 23.84% 38.34%
Preferred Stocks 		0.00% 0.00% 24.59% 35.25%
Cash 		0.00% -7.92% 100.00% 94.40%

Stock Sector Breakdown

Weighting Return Low Return High JABRX % Rank
Technology 		29.56% 0.00% 44.21% 3.58%
Healthcare 		15.31% 0.00% 29.35% 21.91%
Financial Services 		13.78% 0.00% 38.77% 65.13%
Consumer Cyclical 		13.41% 0.00% 19.36% 6.41%
Communication Services 		9.48% 0.00% 38.10% 9.84%
Industrials 		9.24% 0.00% 24.37% 68.26%
Consumer Defense 		8.77% 0.00% 15.14% 18.63%
Real Estate 		0.45% 0.00% 65.01% 91.80%
Utilities 		0.00% 0.00% 99.55% 92.40%
Energy 		0.00% 0.00% 85.65% 95.23%
Basic Materials 		0.00% 0.00% 25.57% 96.13%

Stock Geographic Breakdown

Weighting Return Low Return High JABRX % Rank
US 		65.07% 0.00% 100.10% 51.92%
Non US 		0.00% 0.00% 42.80% 37.17%

Bond Sector Breakdown

Weighting Return Low Return High JABRX % Rank
Government 		35.03% 0.00% 97.26% 34.62%
Securitized 		29.09% 0.00% 92.13% 17.98%
Corporate 		24.25% 0.00% 98.21% 71.47%
Cash & Equivalents 		0.00% 0.00% 99.92% 79.50%
Municipal 		0.00% 0.00% 24.80% 69.09%
Derivative 		0.00% -4.58% 41.29% 81.12%

Bond Geographic Breakdown

Weighting Return Low Return High JABRX % Rank
US 		29.80% 0.00% 77.71% 33.33%
Non US 		0.00% 0.00% 15.37% 26.11%

JABRX - Expenses

Operational Fees

JABRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.03% 27.98% 43.84%
Management Fee 0.55% 0.00% 1.83% 63.69%
12b-1 Fee 0.25% 0.00% 1.00% 23.31%
Administrative Fee 0.25% 0.01% 0.83% 90.76%

Sales Fees

JABRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JABRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

JABRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 0.83% 343.00% 68.14%

JABRX - Distributions

Dividend Yield Analysis

JABRX Category Low Category High JABRX % Rank
Dividend Yield 1.84% 0.00% 17.90% 71.45%

Dividend Distribution Analysis

JABRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

JABRX Category Low Category High JABRX % Rank
Net Income Ratio 0.63% -2.34% 13.92% 76.58%

Capital Gain Distribution Analysis

JABRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Monthly

Distributions History

View More +

JABRX - Fund Manager Analysis

Managers

Jeremiah Buckley

Start Date

Tenure

Tenure Rank

Dec 31, 2015

6.42

6.4%

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.

Michael Keough

Start Date

Tenure

Tenure Rank

Dec 03, 2019

2.49

2.5%

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 34.51 6.39 2.41

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