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Janus Henderson Balanced Portfolio
mutual fund
JABLX
Payout Change
Pending
Price as of:
$53.35
+0.35
+0.66%
primary theme
U.S. Balanced Allocation
share class
JABLX (Mutual Fund)
Janus Henderson Balanced Portfolio
Payout Change
Pending
Price as of:
$53.35
+0.35
+0.66%
primary theme
U.S. Balanced Allocation
share class
JABLX (Mutual Fund)
Janus Henderson Balanced Portfolio
Payout Change
Pending
Price as of:
$53.35
+0.35
+0.66%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/04/2024Price
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
19.0%
1 yr return
23.5%
3 Yr Avg Return
5.5%
5 Yr Avg Return
9.5%
Net Assets
$9.07 B
Holdings in Top 10
30.8%
52 WEEK LOW AND HIGH
$53.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 56.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/04/2024Price
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
JABLX - Profile
Distributions
- YTD Total Return 19.0%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 9.5%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.91%
- Dividend Yield 1.8%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameJanus Henderson Balanced Portfolio
-
Fund Family NameJanus Henderson Funds
-
Inception DateSep 13, 1993
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeremiah Buckley
Fund Description
The Portfolio pursues its investment objective by normally investing 35-70% of its assets in equity securities and the remaining assets in fixed-income securities and cash equivalents. The Portfolio normally invests at least 25% of its assets in fixed-income senior securities. As of December 31, 2023, approximately 61.13% of the Portfolio’s assets were held in equity securities, including common stocks, and 38.87% of the Portfolio’s assets were held in fixed-income securities and cash equivalents.The Portfolio’s equity investments include, but are not limited to, common stocks and other securities with equity characteristics. The Portfolio’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 Portfolio may also invest in money market instruments. The Portfolio may invest in fixed and floating rate obligations with varying durations.The Portfolio 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 Portfolio may enter into “to be announced” or “TBA” commitments when purchasing mortgage-backed securities or other securities. The Portfolio also invests in securities that have contractual restrictions that prohibit or limit their public resale, which may include Rule 144A securities. The Portfolio may also invest in foreign securities, which may include investments in emerging market securities.The Portfolio 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 Portfolio 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 Portfolio 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 Portfolio’s exposure to a particular market, to manage or adjust the risk profile of the Portfolio relative to its benchmark index, and to earn income, enhance returns, or preserve capital. The Portfolio’s exposure to derivatives will vary and may include derivatives that have characteristics similar to the securities in which the Portfolio may directly invest. The Portfolio may take short positions on derivatives instruments.In choosing equity investments, portfolio management 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 Portfolio’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.In choosing fixed-income investments,portfolio management 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 Portfolio 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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JABLX - Performance
Return Ranking - Trailing
| Period | JABLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.0% | -2.8% | 90.1% | 13.34% |
| 1 Yr | 23.5% | -0.5% | 92.8% | 15.54% |
| 3 Yr | 5.5%* | -3.2% | 24.3% | 29.39% |
| 5 Yr | 9.5%* | -2.1% | 24.4% | 15.35% |
| 10 Yr | 8.6%* | 1.2% | 14.2% | 10.22% |
* Annualized
Return Ranking - Calendar
| Period | JABLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.1% | -12.2% | 23.9% | 22.08% |
| 2022 | -20.3% | -34.7% | 2.8% | 69.84% |
| 2021 | 15.2% | -11.9% | 18.1% | 1.84% |
| 2020 | 10.4% | -20.9% | 39.7% | 24.84% |
| 2019 | 17.0% | 0.8% | 25.7% | 14.85% |
Total Return Ranking - Trailing
| Period | JABLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.0% | -2.8% | 90.1% | 13.34% |
| 1 Yr | 23.5% | -0.5% | 92.8% | 15.54% |
| 3 Yr | 5.5%* | -3.2% | 24.3% | 29.39% |
| 5 Yr | 9.5%* | -2.1% | 24.4% | 15.35% |
| 10 Yr | 8.6%* | 1.2% | 14.2% | 10.22% |
* Annualized
Total Return Ranking - Calendar
| Period | JABLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.4% | -12.2% | 26.8% | 28.65% |
| 2022 | -16.4% | -29.0% | 10.9% | 77.71% |
| 2021 | 17.2% | -3.0% | 27.3% | 9.80% |
| 2020 | 15.0% | -19.5% | 40.6% | 29.81% |
| 2019 | 22.6% | 2.2% | 32.7% | 14.52% |
NAV & Total Return History
JABLX - Holdings
Concentration Analysis
| JABLX | Category Low | Category High | JABLX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.07 B | 861 K | 235 B | 12.34% |
| Number of Holdings | 785 | 2 | 16143 | 15.06% |
| Net Assets in Top 10 | 2.86 B | 859 K | 66.9 B | 19.88% |
| Weighting of Top 10 | 30.82% | 10.8% | 122.7% | 71.64% |
Top 10 Holdings
- Microsoft Corp. COM USD0.00000625 5.86%
- NVIDIA Corp. COM USD0.001 4.94%
- Apple Inc. COM USD0.00001 3.69%
- Janus Henderson Cash Liquidity Fund LLC 2.76%
- Alphabet Inc. CAP USD0.001 CL C 2.67%
- Amazon.com, Inc. COM USD0.01 2.48%
- Meta Platforms Inc COM USD0.000006 CL 'A' 2.33%
- MasterCard Incorporated COM USD0.0001 CLASS A 2.22%
- US TREASURY N/B 2.01%
- UnitedHealth Group Inc. COM USD0.01 1.86%
Asset Allocation
| Weighting | Return Low | Return High | JABLX % Rank | |
|---|---|---|---|---|
| Stocks | 64.63% | 0.00% | 100.10% | 60.67% |
| Bonds | 30.04% | 0.00% | 75.29% | 33.77% |
| Other | 7.37% | -42.55% | 113.97% | 3.80% |
| Convertible Bonds | 0.59% | 0.00% | 23.84% | 41.24% |
| Preferred Stocks | 0.00% | 0.00% | 24.59% | 42.84% |
| Cash | 0.00% | -7.92% | 100.00% | 94.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JABLX % Rank | |
|---|---|---|---|---|
| Technology | 29.60% | 0.00% | 44.21% | 3.10% |
| Healthcare | 15.31% | 0.00% | 29.35% | 22.01% |
| Financial Services | 13.88% | 0.00% | 38.77% | 63.96% |
| Consumer Cyclical | 13.51% | 0.00% | 19.36% | 5.17% |
| Communication Services | 9.37% | 0.00% | 38.10% | 13.15% |
| Industrials | 9.21% | 0.00% | 24.37% | 69.13% |
| Consumer Defense | 8.68% | 0.00% | 15.14% | 19.35% |
| Real Estate | 0.44% | 0.00% | 65.01% | 92.76% |
| Utilities | 0.00% | 0.00% | 99.55% | 93.35% |
| Energy | 0.00% | 0.00% | 85.65% | 95.72% |
| Basic Materials | 0.00% | 0.00% | 25.57% | 96.60% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JABLX % Rank | |
|---|---|---|---|---|
| US | 64.63% | 0.00% | 100.10% | 55.41% |
| Non US | 0.00% | 0.00% | 42.80% | 45.32% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JABLX % Rank | |
|---|---|---|---|---|
| Government | 36.41% | 0.00% | 97.26% | 30.78% |
| Securitized | 28.04% | 0.00% | 92.13% | 20.77% |
| Corporate | 23.37% | 0.00% | 98.21% | 74.08% |
| Cash & Equivalents | 0.00% | 0.00% | 99.92% | 82.31% |
| Municipal | 0.00% | 0.00% | 24.80% | 73.49% |
| Derivative | 0.00% | -4.58% | 41.29% | 85.67% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JABLX % Rank | |
|---|---|---|---|---|
| US | 30.04% | 0.00% | 75.29% | 32.46% |
| Non US | 0.00% | 0.00% | 15.37% | 35.23% |
JABLX - Expenses
Operational Fees
| JABLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.62% | 0.03% | 27.98% | 83.87% |
| Management Fee | 0.55% | 0.00% | 1.83% | 64.30% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.83% | 21.08% |
Sales Fees
| JABLX 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
| JABLX 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.
| JABLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 56.00% | 0.83% | 343.00% | 64.84% |
JABLX - Distributions
Dividend Yield Analysis
| JABLX | Category Low | Category High | JABLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.84% | 0.00% | 17.90% | 58.93% |
Dividend Distribution Analysis
| JABLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| JABLX | Category Low | Category High | JABLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.91% | -2.34% | 13.92% | 63.24% |
Capital Gain Distribution Analysis
| JABLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.473 | OrdinaryDividend |
| Jun 21, 2023 | $0.435 | OrdinaryDividend |
| Dec 08, 2022 | $0.308 | OrdinaryDividend |
| Dec 08, 2022 | $0.015 | CapitalGainShortTerm |
| Dec 08, 2022 | $0.035 | CapitalGainLongTerm |
| Jun 15, 2022 | $0.229 | OrdinaryDividend |
| Jun 15, 2022 | $0.055 | CapitalGainShortTerm |
| Jun 15, 2022 | $1.272 | CapitalGainLongTerm |
| Dec 09, 2021 | $0.191 | OrdinaryDividend |
| Jun 10, 2021 | $0.235 | OrdinaryDividend |
| Jun 10, 2021 | $0.101 | CapitalGainShortTerm |
| Jun 10, 2021 | $0.266 | CapitalGainLongTerm |
| Dec 10, 2020 | $0.361 | OrdinaryDividend |
| Jun 11, 2020 | $0.366 | OrdinaryDividend |
| Jun 11, 2020 | $0.246 | CapitalGainShortTerm |
| Jun 11, 2020 | $0.612 | CapitalGainLongTerm |
| Dec 09, 2019 | $0.345 | OrdinaryDividend |
| Jun 10, 2019 | $0.376 | OrdinaryDividend |
| Jun 10, 2019 | $1.028 | CapitalGainLongTerm |
| Dec 10, 2018 | $0.238 | OrdinaryDividend |
| Jun 22, 2018 | $0.097 | OrdinaryDividend |
| Jun 22, 2018 | $0.022 | CapitalGainLongTerm |
| Dec 11, 2017 | $0.195 | OrdinaryDividend |
| Jun 28, 2017 | $0.340 | OrdinaryDividend |
| Jun 28, 2017 | $0.067 | CapitalGainLongTerm |
| Dec 12, 2016 | $0.283 | OrdinaryDividend |
| Jun 21, 2016 | $0.383 | OrdinaryDividend |
| Jun 21, 2016 | $0.436 | CapitalGainLongTerm |
| Dec 07, 2015 | $0.156 | OrdinaryDividend |
| Jun 19, 2015 | $0.346 | OrdinaryDividend |
| Jun 19, 2015 | $0.086 | CapitalGainShortTerm |
| Jun 19, 2015 | $0.982 | CapitalGainLongTerm |
| Dec 08, 2014 | $0.178 | OrdinaryDividend |
| Jun 19, 2014 | $0.368 | OrdinaryDividend |
| Jun 19, 2014 | $0.824 | CapitalGainLongTerm |
| Dec 09, 2013 | $0.116 | OrdinaryDividend |
| Jun 26, 2013 | $0.337 | OrdinaryDividend |
| Jun 26, 2013 | $0.222 | CapitalGainShortTerm |
| Jun 26, 2013 | $1.467 | CapitalGainLongTerm |
| Dec 07, 2012 | $0.370 | OrdinaryDividend |
| Jun 27, 2012 | $0.425 | OrdinaryDividend |
| Jun 27, 2012 | $2.087 | CapitalGainLongTerm |
| Dec 09, 2011 | $0.288 | OrdinaryDividend |
| Jun 29, 2011 | $0.406 | OrdinaryDividend |
| Jun 29, 2011 | $0.056 | CapitalGainShortTerm |
| Jun 29, 2011 | $1.446 | CapitalGainLongTerm |
| Dec 10, 2010 | $0.343 | OrdinaryDividend |
| Jun 29, 2010 | $0.438 | OrdinaryDividend |
| Dec 11, 2009 | $0.354 | OrdinaryDividend |
| Jun 19, 2009 | $0.399 | OrdinaryDividend |
| Jun 19, 2009 | $0.964 | CapitalGainLongTerm |
| Dec 29, 2008 | $0.303 | OrdinaryDividend |
| Jun 27, 2008 | $0.435 | OrdinaryDividend |
| Jun 27, 2008 | $0.010 | CapitalGainShortTerm |
| Jun 27, 2008 | $1.969 | CapitalGainLongTerm |
| Dec 27, 2007 | $0.339 | OrdinaryDividend |
| Jun 28, 2007 | $0.421 | OrdinaryDividend |
| Dec 28, 2006 | $0.280 | OrdinaryDividend |
| Jun 29, 2006 | $0.302 | OrdinaryDividend |
| Dec 29, 2005 | $0.252 | OrdinaryDividend |
| Jun 29, 2005 | $0.318 | OrdinaryDividend |
| Dec 30, 2004 | $0.355 | OrdinaryDividend |
| Jun 29, 2004 | $0.183 | OrdinaryDividend |
| Dec 30, 2003 | $0.218 | OrdinaryDividend |
| Jun 27, 2003 | $0.265 | OrdinaryDividend |
| Dec 27, 2002 | $0.283 | OrdinaryDividend |
| Jun 28, 2002 | $0.250 | OrdinaryDividend |
| Dec 26, 2001 | $0.310 | OrdinaryDividend |
| Jun 28, 2001 | $0.300 | OrdinaryDividend |
| Dec 29, 2000 | $0.210 | OrdinaryDividend |
| Jun 30, 2000 | $0.469 | OrdinaryDividend |
| Jun 30, 2000 | $1.313 | CapitalGainLongTerm |
JABLX - 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 | 6.36 | 2.41 |
