For Financial Professionals in the US

JCAIX Global Allocation Fund - Conservative

This fund of funds offers broad global diversification by utilizing the full spectrum of Janus Henderson Investment expertise and solutions

NAV
$10.64
As of 05/26/2023

1-Day Change
$0.04 (0.38%)
 As of 05/26/2023

YTD Return
2.90%
As of 05/26/2023

Overview

ABOUT THIS FUND

This fund of funds offers broad global diversification for investors by utilizing the full spectrum of Janus Henderson's investment expertise and solutions, with the goal of providing higher risk-adjusted returns than the broader markets.

WHY INVEST IN THIS FUND

Actively Managed Diversification
This fund actively allocates across a range of actively managed equity, fixed income and alternative asset classes while providing opportunity for higher returns and lower volatility through the benefits of diversification.

Powered by Janus Henderson’s Investment Expertise
The Portfolio Managers select from the full range of our investment groups’ expertise to build this portfolio, allowing for more complete diversification across investment styles, geographies and asset classes.

Defined Risk
Targeting an allocation of 30% to 50% equities, 50% to 65% fixed income and 0% to 20% alternatives, this fund may be suitable for conservative investors desiring a well-diversified portfolio that seeks to exceed the long-term returns of fixed income markets.

PORTFOLIO MANAGEMENT

Ashwin Alankar, PhD

Ashwin Alankar, PhD

Head of Global Asset Allocation | Portfolio Manager

Industry since 2001. Joined Firm in 2014.

Performance

RETURNS (%) (As of 03/31/2023)
Global Allocation Fund - Conservative - Class I Shares Bloomberg Global Aggregate Bond Index Global Conservative Allocation Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/30/2005)
Global Allocation Fund - Conservative - Class I Shares 4.45 4.45 -7.39 4.34 1.71 3.30 4.88
Bloomberg Global Aggregate Bond Index 3.01 3.01 -8.07 -3.43 -1.34 0.07 2.38
Global Conservative Allocation Index 4.72 4.72 -7.63 3.93 2.17 3.39 4.26
Performance for Class I Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

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

RETURNS (%) (As of 04/30/2023)
Global Allocation Fund - Conservative - Class I Shares Bloomberg Global Aggregate Bond Index Global Conservative Allocation Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/30/2005)
Global Allocation Fund - Conservative - Class I Shares -0.46 5.03 -0.90 2.77 1.95 3.18 4.89
Bloomberg Global Aggregate Bond Index 0.17 3.46 -2.31 -3.91 -0.93 -0.03 2.39
Global Conservative Allocation Index 0.73 5.60 -0.39 2.39 2.46 3.28 4.29
Performance for Class I Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

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

Calendar Year Returns (%)
Global Allocation Fund - Conservative - Class I Shares Bloomberg Global Aggregate Bond Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Global Allocation Fund - Conservative - Class I Shares -16.90 4.01 14.17 12.23 -4.98 12.95 2.41 -2.20 4.22 10.83
Bloomberg Global Aggregate Bond Index -16.25 -4.71 9.20 6.84 -1.20 7.39 2.09 -3.15 0.59 -2.60

MORNINGSTAR PERCENTILE

(As Of 03/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 60 92 78 72 46
Global Allocation | Rank/Count 248/403 374/397 321/389 254/326 104/210
(As Of 04/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 57 91 78 73 46
Global Allocation | Rank / Count 252/395 358/389 314/381 255/324 104/210
GROWTH OF A HYPOTHETICAL INVESTMENT
Source: Morningstar, Inc.
This graph compares the performance of a hypothetical $10,000 investment in the fund, the fund’s Morningstar category average and its benchmark(s).

RETURNS-BASED STATISTICS (As of 04/30/2023 Class I Shares)

RISK / REWARD
VS. Global Conservative Allocation Index		 3YR 5YR
Information Ratio 0.23 -0.35
Alpha 0.41 -0.45
Tracking Error 1.67 1.46
Beta 0.99 0.98
R-squared (%) 97.65 97.87
UP/DOWN MARKET CAPTURE (%)
VS. Global Conservative Allocation Index		 3YR 5YR
Up Capture Ratio 96.56 92.66
Down Capture Ratio 93.92 96.11
STANDARD DEVIATION 3YR 5YR
Global Allocation Fund - Conservative 10.89 9.90
Global Conservative Allocation Index 10.89 9.98
SHARPE RATIO 3YR 5YR
Global Allocation Fund - Conservative 0.16 0.05
Global Conservative Allocation Index 0.12 0.10
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2022)
CLASS I SHARES
Management Fees 0.05%
Other Expenses 0.83%
Total Gross Expenses 0.88%
Waivers 0.00%
Total Net Expenses 0.88%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for at least a one-year period commencing on October 28, 2022. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

Index represents the Bloomberg Barclays Global Aggregate Bond Index.

Top Holdings (As of 04/30/2023)
% of Fund
Janus Henderson Global Bond Fund 34.02
Janus Henderson Overseas Fund 6.16
Janus Henderson Flexible Bond Fund 5.82
Janus Henderson Adaptive Global Allocation Fund 5.46
Janus Henderson High-Yield Fund 5.39
Janus Henderson AAA CLO ETF 5.03
Janus Henderson Adaptive Risk Managed U.S. Equity Fund 4.24
Janus Henderson Emerging Markets Fund 3.90
Janus Henderson Global Select Fund 3.56
Janus Henderson Contrarian Fund 3.19
View full holdings

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Productivity: The antidote to an inflationary era
Mar 27, 2023
Timely & Topical

Productivity: The antidote to an inflationary era

Corporations can ease the ill effects of a higher inflation regime by focusing on productivity improvements.

5 min read

Options prices signal stronger capital markets in 2023
Nov 30, 2022
Timely & Topical

Options prices signal stronger capital markets in 2023

In this video, Ash Alankar explains that signals imbedded in forward-looking options markets indicate easing inflation creating a favorable environment for global equities and bonds in 2023.

6 min read

2022 market scorecard: butterfly 1, invisible hand 0
Oct 31, 2022
Timely & Topical

2022 market scorecard: butterfly 1, invisible hand 0

This year’s chaotic market volatility is partly owed to investors reeling from the absence of diversification among asset classes.

8 min read