Janus Henderson Flexible Bond Fund
Fund
JDFAX
Price as of:
$9.24
- $0.01
- 0.11%
Primary Theme
fund company
Name
As of 11/21/2024Price
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
Vitals
YTD Return
2.0%
1 yr return
7.1%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
0.2%
Net Assets
$2.69 B
Holdings in Top 10
13.1%
52 WEEK LOW AND HIGH
$9.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.89%
SALES FEES
Front Load 4.75%
Deferred Load N/A
TRADING FEES
Turnover 132.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/21/2024Price
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
JDFAX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return -2.4%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.74%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJanus Henderson Flexible Bond Fund
-
Fund Family NameJanus Henderson Funds
-
Inception DateJul 07, 1987
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael 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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JDFAX - Performance
Return Ranking - Trailing
| Period | JDFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -6.4% | 11.1% | 45.07% |
| 1 Yr | 7.1% | -2.1% | 16.2% | 36.04% |
| 3 Yr | -2.4%* | -10.6% | 27.5% | 57.11% |
| 5 Yr | 0.2%* | -7.5% | 58.4% | 34.63% |
| 10 Yr | 1.4%* | -2.9% | 73.8% | 52.53% |
* Annualized
Return Ranking - Calendar
| Period | JDFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.4% | -16.2% | 8.1% | 78.50% |
| 2022 | -16.0% | -34.7% | 131.9% | 48.63% |
| 2021 | -2.7% | -11.6% | 4.4% | 22.66% |
| 2020 | 8.0% | -10.1% | 946.1% | 9.22% |
| 2019 | 6.3% | -1.7% | 16.9% | 23.84% |
Total Return Ranking - Trailing
| Period | JDFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -6.4% | 11.1% | 45.07% |
| 1 Yr | 7.1% | -2.1% | 16.2% | 36.04% |
| 3 Yr | -2.4%* | -10.6% | 27.5% | 57.11% |
| 5 Yr | 0.2%* | -7.5% | 58.4% | 34.63% |
| 10 Yr | 1.4%* | -2.9% | 73.8% | 52.53% |
* Annualized
Total Return Ranking - Calendar
| Period | JDFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.9% | -11.3% | 11.9% | 56.07% |
| 2022 | -13.8% | -32.2% | 131.9% | 55.79% |
| 2021 | -1.0% | -9.4% | 9.2% | 48.29% |
| 2020 | 10.6% | -1.9% | 1009.0% | 12.74% |
| 2019 | 9.5% | 1.1% | 21668.0% | 31.67% |
NAV & Total Return History
JDFAX - Holdings
Concentration Analysis
| JDFAX | Category Low | Category High | JDFAX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.69 B | 2.9 M | 314 B | 39.08% |
| Number of Holdings | 648 | 1 | 17787 | 54.06% |
| Net Assets in Top 10 | 341 M | 1.62 M | 35.1 B | 54.27% |
| Weighting of Top 10 | 13.14% | 4.4% | 432.9% | 83.38% |
Top 10 Holdings
- Janus Henderson Cash Liquidity Fund LLC 4.80%
- United States Treasury Note/Bond 3.25%
- FN FS0662 0.72%
- CDNS 4.375 10/15/24 0.69%
- G2-30YR-Multi 0.65%
- G2 MA7535 0.63%
- CNC 4.25 12/15/27 0.61%
- SORT 2022-1A A2 0.60%
- CBG 5.95 08/15/34 0.59%
- FABSJV 5.875 01/25/34 0.59%
Asset Allocation
| Weighting | Return Low | Return High | JDFAX % Rank | |
|---|---|---|---|---|
| Bonds | 76.08% | 0.00% | 993.61% | 93.03% |
| Other | 23.61% | -16.55% | 52.94% | 6.37% |
| Stocks | 5.35% | 0.00% | 99.99% | 5.44% |
| Convertible Bonds | 2.13% | 0.00% | 7.93% | 26.29% |
| Cash | 0.14% | -54.51% | 237.69% | 88.90% |
| Preferred Stocks | 0.00% | 0.00% | 71.02% | 80.27% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JDFAX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 95.30% |
| Technology | 0.00% | 0.00% | 43.45% | 94.77% |
| Real Estate | 0.00% | 0.00% | 99.26% | 95.17% |
| Industrials | 0.00% | 0.00% | 48.31% | 95.44% |
| Healthcare | 0.00% | 0.00% | 17.70% | 94.90% |
| Financial Services | 0.00% | 0.00% | 100.00% | 7.38% |
| Energy | 0.00% | 0.00% | 100.00% | 96.78% |
| Communication Services | 0.00% | 0.00% | 100.00% | 95.30% |
| Consumer Defense | 0.00% | 0.00% | 99.67% | 95.30% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 95.03% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 94.90% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JDFAX % Rank | |
|---|---|---|---|---|
| US | 5.35% | 0.00% | 99.99% | 5.45% |
| Non US | 0.00% | 0.00% | 86.16% | 73.07% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JDFAX % Rank | |
|---|---|---|---|---|
| Securitized | 36.74% | 0.00% | 98.40% | 28.57% |
| Government | 30.85% | 0.00% | 86.23% | 37.89% |
| Corporate | 24.50% | 0.00% | 100.00% | 70.39% |
| Derivative | 0.44% | -1.58% | 44.82% | 18.29% |
| Cash & Equivalents | 0.14% | -0.46% | 237.69% | 85.20% |
| Municipal | 0.00% | 0.00% | 100.00% | 91.93% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JDFAX % Rank | |
|---|---|---|---|---|
| US | 76.08% | 0.00% | 993.61% | 91.26% |
| Non US | 0.00% | 0.00% | 30.95% | 82.43% |
JDFAX - Expenses
Operational Fees
| JDFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.89% | 0.01% | 39.64% | 32.89% |
| Management Fee | 0.41% | 0.00% | 1.76% | 74.66% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 51.39% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| JDFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.75% | 2.00% | 5.75% | 2.96% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| JDFAX 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.
| JDFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 132.00% | 2.00% | 493.39% | 51.92% |
JDFAX - Distributions
Dividend Yield Analysis
| JDFAX | Category Low | Category High | JDFAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.72% | 0.00% | 10.11% | 24.00% |
Dividend Distribution Analysis
| JDFAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| JDFAX | Category Low | Category High | JDFAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.74% | -1.28% | 4.79% | 48.00% |
Capital Gain Distribution Analysis
| JDFAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.036 | OrdinaryDividend |
| Sep 30, 2024 | $0.035 | OrdinaryDividend |
| Aug 30, 2024 | $0.040 | OrdinaryDividend |
| Jul 31, 2024 | $0.037 | OrdinaryDividend |
| Apr 30, 2024 | $0.037 | OrdinaryDividend |
| Mar 28, 2024 | $0.036 | OrdinaryDividend |
| Feb 29, 2024 | $0.035 | OrdinaryDividend |
| Jan 31, 2024 | $0.034 | OrdinaryDividend |
| Dec 29, 2023 | $0.036 | OrdinaryDividend |
| Nov 30, 2023 | $0.033 | OrdinaryDividend |
| Oct 31, 2023 | $0.032 | OrdinaryDividend |
| Sep 29, 2023 | $0.034 | OrdinaryDividend |
| Aug 31, 2023 | $0.033 | OrdinaryDividend |
| Jul 31, 2023 | $0.028 | OrdinaryDividend |
| Jun 30, 2023 | $0.034 | OrdinaryDividend |
| May 31, 2023 | $0.029 | OrdinaryDividend |
| Apr 28, 2023 | $0.026 | OrdinaryDividend |
| Mar 31, 2023 | $0.031 | OrdinaryDividend |
| Feb 28, 2023 | $0.028 | OrdinaryDividend |
| Jan 31, 2023 | $0.025 | OrdinaryDividend |
| Dec 30, 2022 | $0.030 | OrdinaryDividend |
| Nov 30, 2022 | $0.025 | OrdinaryDividend |
| Oct 31, 2022 | $0.022 | OrdinaryDividend |
| Sep 30, 2022 | $0.024 | OrdinaryDividend |
| Aug 31, 2022 | $0.021 | OrdinaryDividend |
| Jul 29, 2022 | $0.019 | OrdinaryDividend |
| Jun 30, 2022 | $0.019 | OrdinaryDividend |
| May 31, 2022 | $0.016 | OrdinaryDividend |
| Apr 29, 2022 | $0.019 | OrdinaryDividend |
| Mar 31, 2022 | $0.015 | OrdinaryDividend |
| Feb 28, 2022 | $0.016 | OrdinaryDividend |
| Jan 31, 2022 | $0.012 | OrdinaryDividend |
| Dec 31, 2021 | $0.015 | OrdinaryDividend |
| Nov 30, 2021 | $0.012 | OrdinaryDividend |
| Oct 29, 2021 | $0.013 | OrdinaryDividend |
| Sep 30, 2021 | $0.016 | OrdinaryDividend |
| Aug 31, 2021 | $0.016 | OrdinaryDividend |
| Jun 30, 2021 | $0.017 | OrdinaryDividend |
| May 28, 2021 | $0.017 | OrdinaryDividend |
| Apr 30, 2021 | $0.019 | OrdinaryDividend |
| Mar 31, 2021 | $0.018 | OrdinaryDividend |
| Feb 26, 2021 | $0.017 | OrdinaryDividend |
| Jan 29, 2021 | $0.019 | OrdinaryDividend |
| Dec 31, 2020 | $0.022 | OrdinaryDividend |
| Nov 30, 2020 | $0.018 | OrdinaryDividend |
| Oct 30, 2020 | $0.021 | OrdinaryDividend |
| Sep 30, 2020 | $0.020 | OrdinaryDividend |
| Aug 31, 2020 | $0.019 | OrdinaryDividend |
| Jul 31, 2020 | $0.021 | OrdinaryDividend |
| Jun 30, 2020 | $0.021 | OrdinaryDividend |
| May 29, 2020 | $0.022 | OrdinaryDividend |
| Apr 30, 2020 | $0.021 | OrdinaryDividend |
| Mar 31, 2020 | $0.019 | OrdinaryDividend |
| Feb 28, 2020 | $0.021 | OrdinaryDividend |
| Jan 31, 2020 | $0.023 | OrdinaryDividend |
| Dec 31, 2019 | $0.022 | OrdinaryDividend |
| Nov 29, 2019 | $0.022 | OrdinaryDividend |
| Oct 31, 2019 | $0.023 | OrdinaryDividend |
| Sep 30, 2019 | $0.021 | OrdinaryDividend |
| Aug 30, 2019 | $0.025 | OrdinaryDividend |
| Jul 31, 2019 | $0.025 | OrdinaryDividend |
| Dec 30, 2016 | $0.020 | CapitalGainShortTerm |
| Dec 31, 2013 | $0.119 | CapitalGainLongTerm |
| Dec 31, 2012 | $0.116 | CapitalGainShortTerm |
| Dec 31, 2012 | $0.097 | CapitalGainLongTerm |
| Dec 22, 2011 | $0.033 | CapitalGainShortTerm |
| Dec 22, 2011 | $0.121 | CapitalGainLongTerm |
| Dec 22, 2010 | $0.084 | CapitalGainLongTerm |
| Dec 22, 2010 | $0.259 | CapitalGainShortTerm |
| Dec 22, 2009 | $0.046 | CapitalGainShortTerm |
| Dec 22, 2009 | $0.013 | CapitalGainLongTerm |
JDFAX - 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 |