JFLEX: Janus Henderson Flexible Bond I

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JFLEX Janus Henderson Flexible Bond I


Profile

JFLEX - Profile

Vitals

  • YTD Return 6.8%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $3.91 B
  • Holdings in Top 10 12.4%

52 WEEK LOW AND HIGH

$11.28
$10.04
$11.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 175.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.67%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Janus Henderson Flexible Bond Fund
  • Fund Family Name
    Janus Henderson
  • Inception Date
    Jul 06, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Keough

Fund Description

The fund normally invests 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, convertible bonds, commercial and residential mortgage-backed securities, and zero-coupon bonds. It will invest at least 65% of its assets in investment grade debt securities. The fund will limit its investment in high-yield/high-risk bonds, also known as "junk" bonds, to 35% or less of its net assets.


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Categories

Fund Company Quick Screens

JFLEX - Fund Company Quick Screens


Performance

JFLEX - Performance

Return Ranking - Trailing

Period JFLEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -11.2% 328.8% 22.89%
1 Yr 6.8% -9.0% 322.7% 14.53%
3 Yr 2.7%* -7.2% 63.2% 24.65%
5 Yr 1.5%* -5.8% 34.1% 48.23%
10 Yr 0.3%* -4.8% 15.7% 61.21%

* Annualized

Return Ranking - Calendar

Period JFLEX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -1.3% 13.9% 31.83%
2018 -4.0% -10.3% 2.7% 75.75%
2017 0.6% -2.2% 8.1% 85.29%
2016 -0.1% -22.1% 192.8% 74.74%
2015 -2.5% -12.2% -0.4% 35.71%

Total Return Ranking - Trailing

Period JFLEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -11.2% 328.8% 22.89%
1 Yr 6.8% -9.0% 322.7% 14.53%
3 Yr 2.7%* -7.2% 63.2% 43.34%
5 Yr 1.5%* -5.8% 34.9% 67.02%
10 Yr 1.1%* -4.8% 16.3% 50.47%

* Annualized

Total Return Ranking - Calendar

Period JFLEX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -1.2% 13.9% 31.83%
2018 -4.0% -10.3% 3.9% 79.56%
2017 0.6% -2.2% 8.4% 88.59%
2016 -0.1% -22.1% 204.3% 83.96%
2015 -2.5% -12.2% 3.7% 59.40%

NAV & Total Return History


Holdings

JFLEX - Holdings

Concentration Analysis

JFLEX Category Low Category High JFLEX % Rank
Net Assets 3.91 B 3.16 M 288 B 32.09%
Number of Holdings 596 10 18180 52.69%
Net Assets in Top 10 491 M -1.2 B 39.4 B 33.02%
Weighting of Top 10 12.35% 7.5% 100.0% 92.81%

Top 10 Holdings

  1. United States Treasury Bonds 2% 2.34%
  2. United States Treasury Bonds 2.75% 2.24%
  3. Federal National Mortgage Association 3% 1.94%
  4. United States Treasury Bonds 2.38% 1.25%
  5. United States Treasury Bonds 1.12% 1.06%
  6. Federal National Mortgage Association 3.5% 0.78%
  7. Government National Mortgage Association 4% 0.73%
  8. Fnma Pass-Thru I 3% 0.72%
  9. Federal National Mortgage Association 3.5% 0.64%
  10. JPMorgan Chase & Co. 4.45% 0.64%

Asset Allocation

Weighting Return Low Return High JFLEX % Rank
Bonds
92.75% -67.87% 231.56% 59.35%
Cash
5.85% -137.69% 173.81% 39.34%
Convertible Bonds
1.40% 0.00% 4.38% 45.67%
Stocks
0.00% 0.00% 12.20% 75.70%
Preferred Stocks
0.00% 0.00% 79.92% 78.92%
Other
0.00% -7.84% 7.38% 70.49%

Bond Sector Breakdown

Weighting Return Low Return High JFLEX % Rank
Corporate
53.51% 0.00% 84.33% 14.05%
Securitized
31.97% 0.00% 89.23% 35.60%
Government
8.66% 0.00% 84.96% 90.16%
Cash & Equivalents
5.85% 0.00% 60.23% 45.43%
Derivative
0.00% -0.83% 26.28% 81.03%
Municipal
0.00% 0.00% 27.42% 91.33%

Bond Geographic Breakdown

Weighting Return Low Return High JFLEX % Rank
US
89.42% -68.10% 239.68% 22.72%
Non US
3.33% -140.55% 78.28% 88.06%

Expenses

JFLEX - Expenses

Operational Fees

JFLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.01% 18.96% 80.68%
Management Fee 0.40% 0.00% 1.00% 61.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

JFLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JFLEX 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.

JFLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 175.00% 3.00% 449.00% 65.87%

Distributions

JFLEX - Distributions

Dividend Yield Analysis

JFLEX Category Low Category High JFLEX % Rank
Dividend Yield 0.00% 0.00% 3.41% 72.09%

Dividend Distribution Analysis

JFLEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

JFLEX Category Low Category High JFLEX % Rank
Net Income Ratio 2.67% 0.45% 11.28% 49.15%

Capital Gain Distribution Analysis

JFLEX 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

JFLEX - Fund Manager Analysis

Managers

Michael Keough


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.67

4.7%

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

0.58

0.6%

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 31.68 6.57 4.46