For Financial Professionals in the US

JBALX Balanced Fund

For 30 years, this dynamic allocation strategy has delivered our equity and fixed income expertise in a one-stop core solution.

NAV
$39.28
As of 01/26/2023

1-Day Change
$0.15 (0.38%)
As of 01/26/2023

YTD Return
4.38%
As of 01/26/2023

Morningstar Rating

As of 12/31/2022

Overview

30 YEAR HISTORY OF

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

Fund Highlights

  • High-conviction large-cap growth equities paired with an active 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

Equity Allocation Adapting to Market Changes

Balanced Fund equity allocation in relation to market volatility (12/31/97 – 12/31/22)

Balanced Graph Q4 2022

Cboe Volatility Index® or VIX® Index® shows the market’s expectation of 30-day volatility. It is constructed using the implied volatilities of a wide range of S&P 500® index options and is a widely used measure of market risk. The VIX Index volatility methodology is the property of Chicago Board of Options Exchange, which is not affiliated with Janus Henderson.

As of 12/31/22, Balanced Fund Class I Shares Morningstar Ratings™ in the Allocation - 50% to 70% Equity category: 4 stars out of 697 funds, 5 stars out of 657 funds and 5 stars out of 492 funds, for the 3-, 5-, and 10-year periods, respectively.

AN UNCOMPROMISING APPROACH

Equity markets may shift.
Our focus never does.

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PORTFOLIO MANAGEMENT

Jeremiah Buckley, CFA

Portfolio Manager

Industry since 1998. Joined Firm in 1998.

Greg Wilensky, CFA

Head of U.S. Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 12/31/2022)
Balanced Fund - Class 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 - Class I Shares 5.53 -16.55 -16.55 3.83 6.68 8.42 9.31
S&P 500® Index 7.56 -18.11 -18.11 7.66 9.42 12.56 9.74
Bloomberg U.S. Aggregate Bond Index 1.87 -13.01 -13.01 -2.71 0.02 1.06 4.54
Balanced Index 5.11 -15.52 -15.52 3.32 5.49 7.51 7.68
RETURNS (%) (As of 12/31/2022)
Balanced Fund - Class 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 - Class I Shares 5.53 -16.55 -16.55 3.83 6.68 8.42 9.31
S&P 500® Index 7.56 -18.11 -18.11 7.66 9.42 12.56 9.74
Bloomberg U.S. Aggregate Bond Index 1.87 -13.01 -13.01 -2.71 0.02 1.06 4.54
Balanced Index 5.11 -15.52 -15.52 3.32 5.49 7.51 7.68
Calendar Year Returns (%)
Balanced Fund - Class I Shares S&P 500® Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Balanced Fund - Class I Shares -16.55 17.24 14.39 22.59 0.70 18.58 4.61 0.64 8.53 19.86
S&P 500® Index -18.11 28.71 18.40 31.49 -4.38 21.83 11.96 1.38 13.69 32.39

MORNINGSTAR PERCENTILE

(As Of 12/31/2022)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 75 29 7 6 8
Allocation-50% to 70% Equity Category|Rank/Count 578/761 197/720 35/697 33/612 13/188
(As Of 12/31/2022)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 75 29 7 6 8
Allocation-50% to 70% Equity Category|Rank/Count 578/761 197/720 35/697 33/612 13/188
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 12/31/2022 Class I Shares)

RISK / REWARD
VS. S&P 500® Index
3YR 5YR
Information Ratio -0.49 -0.38
Alpha -1.54 0.38
Tracking Error 7.80 7.30
Beta 0.66 0.64
R-squared (%) 96.11 95.43
UP/DOWN MARKET CAPTURE (%)
VS. S&P 500® Index
3YR 5YR
Up Capture Ratio 60.48 61.27
Down Capture Ratio 71.06 64.70
STANDARD DEVIATION 3YR 5YR
Balanced Fund 14.16 12.15
S&P 500® Index 21.16 18.69
SHARPE RATIO 3YR 5YR
Balanced Fund 0.22 0.45
S&P 500® Index 0.33 0.44

Portfolio

Index represents the S&P 500® Index.

Top Holdings (As of 12/31/2022)
% of Fund
Microsoft Corp 4.34
Apple Inc 2.77
United States Treasury Note/Bond, 4.00%, 11/15/42 2.74
United States Treasury Note/Bond, 4.12%, 11/15/32 2.34
UnitedHealth Group Inc 2.24
Mastercard Inc 2.06
Alphabet Inc 1.94
United States Treasury Note/Bond, 4.38%, 10/31/24 1.70
Eli Lilly & Co 1.44
Progressive Corp 1.41
Total 22.98
View full holdings
Portfolio Characteristics (As of 12/31/2022)
 
Number of Holdings
Equity Issues
66
Number of Holdings
Debt Issues
568
Market Capitalization
Weighted Average
$422.57B
Portfolio Turnover Rate
(1-year trailing)
81.42%
Price/Earnings Ratio
(1-year forward)
18.42
Price/Book Ratio
4.93
Earnings Growth Rate
(1-year forward)
9.03%
Weighted Average Maturity
(years)
6.71
Effective Duration
(years)
5.97
Yield to Worst
5.30%

Yield to Worst calculation excludes cash.

Asset Allocation:
Equity Fixed Income Cash & Equivalents
Sector Allocation % OF FUND % OF FUND (As of 12/31/2022)
Regional Allocation % OF FUND % OF FUND (As of 12/31/2022)
Market Capitalization Range of Equity Holdings % OF FUND % OF FUND (As of 12/31/2022)
Developed vs Emerging Markets % OF FUND % OF FUND (As of 12/31/2022)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 12/31/2022)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of 12/31/2022)

Documents