Please ensure Javascript is enabled for purposes of website accessibility Balanced Fund 08 JIF - Janus Henderson Investors - US Advisor
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For Financial Professionals in the US

JBALX Balanced Fund

For 25 years, this dynamic allocation strategy has delivered our equity and fixed income expertise in a one-stop core solution

NAV
$51.74
As of 10/24/2025

1-Day Change
$0.30 (0.58%)
 As of 10/24/2025

YTD Return
14.62%
As of 10/24/2025

Morningstar Rating

As of 09/30/2025

Overview

25+ YEAR HISTORY OF

Providing S&P 500®-Like Returns with Significantly Less Volatility

Fund Highlights

  • Large-cap growth equities paired with an actively managed intermediate-term bond strategy
  • Dynamic asset allocation approach that migrates between 35%-65% equity depending on market conditions
  • Integrated research allows our equity and fixed income analysts to work side by side covering the same global sectors
Balance Scale

S&P assigns a Principal Stability Fund Rating (PSFR) for money market funds within a range from AAAm (highest) to Dm (lowest), where AAAm indicates S&P's opinion of a fund's extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk and Dm indicates a failure to maintain principal stability resulting in a realized or unrealized loss of principal. Ratings do not eliminate risk and should not be used as the sole basis for evaluating an investment product. Please see Ratings Criteria at disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria for further information. A fee was paid for the use of this data.

Portfolio Management

Jeremiah Buckley, CFA: Portfolio Manager
Jeremiah Buckley, CFA

Portfolio Manager

Industry since 1998. Joined Firm in 1998.

Greg Wilensky, CFA: Head of US Fixed Income/Head of Core Plus | Portfolio Manager
Greg Wilensky, CFA

Head of US Fixed Income/Head of Core Plus | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough: Portfolio Manager
Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 09/30/2025)
Balanced Fund - I Shares S&P 500® Index Bloomberg U.S. Aggregate Bond Index Balanced Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Balanced Fund - I Shares 4.93 13.12 13.20 16.71 9.57 10.41 9.86
S&P 500® Index 8.12 14.83 17.60 24.93 16.47 15.30 10.87
Bloomberg U.S. Aggregate Bond Index 2.03 6.13 2.88 4.93 -0.45 1.84 4.55
Balanced Index 5.66 11.43 11.67 16.06 8.97 9.42 8.31
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.
RETURNS (%) (As of 09/30/2025)
Balanced Fund - I Shares S&P 500® Index Bloomberg U.S. Aggregate Bond Index Balanced Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Balanced Fund - I Shares 4.93 13.12 13.20 16.71 9.57 10.41 9.86
S&P 500® Index 8.12 14.83 17.60 24.93 16.47 15.30 10.87
Bloomberg U.S. Aggregate Bond Index 2.03 6.13 2.88 4.93 -0.45 1.84 4.55
Balanced Index 5.66 11.43 11.67 16.06 8.97 9.42 8.31
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.
Calendar Year Returns (%)
Balanced Fund - I Shares S&P 500® Index
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Balanced Fund - I Shares 15.40 15.43 -16.55 17.24 14.39 22.59 0.70 18.58 4.61 0.64
S&P 500® Index 25.02 26.29 -18.11 28.71 18.40 31.49 -4.38 21.83 11.96 1.38
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.

Morningstar Percentile

 (As of 09/30/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 10 17 32 9 6
US Fund Moderate Allocation | Rank/Count 47/488 89/475 150/462 30/429 11/172
 (As of 09/30/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 10 17 32 9 6
US Fund Moderate Allocation | Rank / Count 47/488 89/475 150/462 30/429 11/172

Growth of a Hypothetical Investment

Balanced Fund - I Shares S&P 500® Index Bloomberg U.S. Aggregate Bond Index Balanced Index Moderate Allocation
Source: Morningstar, Inc.

This graph compares the performance of a hypothetical $1 investment in the fund, the fund’s Morningstar category average and its benchmark(s). Fund performance is on a Net Asset Value (NAV) basis with net income reinvested where applicable.

Returns-Based Statistics (As of 09/30/2025 Class I Shares)

RISK / REWARD
VS. Balanced Index (60%S&P500/40%BBUSAgg)		 3YR 5YR
Information Ratio 0.33 0.32
Alpha 0.37 0.33
Tracking Error 1.72 1.74
Beta 1.02 1.05
R-squared (%) 96.86 97.84
UP/DOWN MARKET CAPTURE (%)
Balanced Index (60%S&P500/40%BBUSAgg)		 3YR 5YR
Up Capture Ratio 103.80 106.84
Down Capture Ratio 101.91 104.50
STANDARD DEVIATION 3YR 5YR
Balanced Fund 9.78 11.44
Balanced Index (60%S&P500/40%BBUSAgg) 9.42 10.81
SHARPE RATIO 3YR 5YR
Balanced Fund 1.15 0.55
Balanced Index (60%S&P500/40%BBUSAgg) 1.12 0.53
Annual Fees & Expenses (As of the most recent prospectus)
CLASS I SHARES
Management Fees 0.55%
Other Expenses 0.11%
Total Gross Expenses 0.66%
Waivers 0.00%
Total Net Expenses 0.66%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for a one-year period commencing on January 28, 2025. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

Index represents the S&P 500® Index.

Top Holdings (As of 09/30/2025)
% of Fund
NVIDIA Corp 6.54
Microsoft Corp 5.68
Alphabet Inc 3.41
Apple Inc 3.09
Amazon.com Inc 3.06
United States Treasury Note/Bond, 3.63%, 09/30/2030 2.68
Broadcom Inc 2.33
Mastercard Inc 2.24
Meta Platforms Inc 2.22
American Express Co 1.56
TOTAL 32.81
View full holdings
Portfolio Characteristics (As of 09/30/2025)
 
Number of Holdings
Equity Issues		 63
Number of Holdings
Debt Issues		 707
Market Capitalization
Weighted Average		 $1,471.83B
Portfolio Turnover Rate
(1-year trailing)		 73.32%
Price/Earnings Ratio
(1-year forward)		 25.34
Price/Book Ratio
 7.84
Earnings Growth Rate
(1-year forward)		 16.80%
Weighted Average Maturity
(years)		 2.53
Effective Duration
(years)		 5.76
Yield to Worst
 5.03%
Asset Allocation:
Equity Fixed Income Cash Equivalents & Other
Sector Allocation % of Fund % of Fund As of 09/30/2025

Equity country, regional, sector and industry weights primarily based on MSCI and GICS classifications. Fixed income country, regional, sector and industry weights primarily based on Bloomberg classifications.

Regional Allocation % of Fund % of Fund As of 09/30/2025
Market Capitalization Range of Equity Holdings % of Fund % of Fund As of 09/30/2025
Developed vs Emerging Markets % of Fund % of Fund As of 09/30/2025
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 09/30/2025

The credit rating displayed is determined based on the availability of ratings from specific agencies. If Moody's, S&P, and Fitch all provide ratings, the middle rating of the three is shown. If only two of these agencies provide ratings, the more conservative (lower) rating is displayed. Should only one of these agencies offer a rating, that rating alone is used. In cases where none of the primary agencies (Moody's, S&P, Fitch) provide a rating, ratings from secondary agencies KBRA or DBRS are considered. If both secondary agencies provide ratings, the more conservative of the two is shown. If only one secondary agency provides a rating, that rating is displayed.

Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 09/30/2025

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