For Individual Investors in the US

JANBX Balanced Fund

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

NAV
$41.27
As of 01/22/2021

1-Day Change
-$0.10 (-0.24%)
As of 01/22/2021

YTD Return
0.56%
As of 01/22/2021

Morningstar Rating

As of 12/31/2020

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
Fund Highlights

Knowledge. Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions.

We call this ethos Knowledge. Shared.

PORTFOLIO MANAGEMENT

Jeremiah Buckley, CFA

Portfolio Manager

Industry since 1998. Joined Firm in 1998.

Marc Pinto, CFA

Portfolio Manager

Industry since 1983. Joined Firm in 1994.

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 12/31/2020)
Balanced Fund - Class D Shares S&P 500® Index Bloomberg Barclays U.S. Aggregate Bond Index Balanced Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Balanced Fund - Class D Shares 7.12 14.33 14.33 12.12 11.79 10.09 10.05
S&P 500® Index 12.15 18.40 18.40 14.18 15.22 13.88 9.90
Bloomberg Barclays U.S. Aggregate Bond Index 0.67 7.51 7.51 5.34 4.44 3.84 5.47
Balanced Index 6.97 14.20 14.20 10.60 10.57 9.52 8.19
RETURNS (%) (As of 12/31/2020)
Balanced Fund - Class D Shares S&P 500® Index Bloomberg Barclays U.S. Aggregate Bond Index Balanced Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Balanced Fund - Class D Shares 7.12 14.33 14.33 12.12 11.79 10.09 10.05
S&P 500® Index 12.15 18.40 18.40 14.18 15.22 13.88 10.14
Bloomberg Barclays U.S. Aggregate Bond Index 0.67 7.51 7.51 5.34 4.44 3.84 5.45
Balanced Index 6.97 14.20 14.20 10.60 10.57 9.52 8.32
CALENDAR YEAR RETURNS (%)
Balanced Fund - Class D Shares S&P 500® Index
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Balanced Fund - Class D Shares 1.44 13.07 19.72 8.46 0.60 4.51 18.51 0.63 22.52 14.33
S&P 500® Index 2.11 16.00 32.39 13.69 1.38 11.96 21.83 -4.38 31.49 18.40
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 12/31/2020 Class I Shares)

RISK / REWARD
VS. S&P 500® Index
3YR 5YR
Information Ratio -0.25 -0.53
Alpha 3.25 2.37
Tracking Error 7.82 6.30
Beta 0.60 0.61
R-squared (%) 97.11 95.74
UP/DOWN MARKET CAPTURE (%)
VS. S&P 500® Index
3YR 5YR
Up Capture Ratio 62.15 64.01
Down Capture Ratio 54.43 55.87
STANDARD DEVIATION 3YR 5YR
Balanced Fund 11.38 9.48
S&P 500® Index 18.79 15.26
SHARPE RATIO 3YR 5YR
Balanced Fund 0.93 1.13
S&P 500® Index 0.67 0.92
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS D SHARES
Management Fees 0.55%
Other Expenses 0.17%
Total Gross Expenses 0.72%
Waivers 0.00%
Total Net Expenses 0.72%

Portfolio

Index represents the S&P 500® Index.

Top Holdings (As of 12/31/2020)
% of Fund
Microsoft Corp 4.74
Apple Inc 3.68
Amazon.com Inc 3.09
Alphabet Inc 2.64
Mastercard Inc 2.48
UnitedHealth Group Inc 2.05
Adobe Inc 1.98
Home Depot Inc 1.72
Accenture PLC 1.51
Comcast Corp 1.46
Total 25.35
View Full Holdings
Portfolio Characteristics (As of 12/31/2020)
 
Number of Holdings
Equity Issues
67
Number of Holdings
Debt Issues
568
Market Capitalization
Weighted Average
$522.02B
Portfolio Turnover Rate
(1-year trailing)
73.44%
Price/Earnings Ratio
(1-year forward)
34.14
Price/Book Ratio
(1-year forward)
10.92
Earnings Growth Rate
(1-year forward)
12.10%
Weighted Average Maturity
(years)
8.42
Effective Duration
(years)
6.31
Asset Allocation:
Equity Fixed Income Cash & Equivalents
Sector Allocation % OF FUND % OF FUND (As of 12/31/2020)
Information Technology 20.44
Consumer Discretionary 10.38
Health Care 10.09
Financials 6.15
Communication Services 5.83
Industrials 4.46
Consumer Staples 4.16
Real Estate 0.75
Materials 0.46
Credit-Investment Grade 14.03
Credit-High Yield 5.71
MBS 5.25
Treasuries 4.94
CMO 1.91
CMBS 1.75
ABS 1.65
Inflation Linked 1.14
Bank Loans 0.14
Regional Allocations % OF FUND % OF FUND (As of December 31, 2020)
North America 97.41
Europe 1.62
Asia/Pacific Ex Japan 0.11
Latin America 0.10
Cash & Equivalents 0.76
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF FUND (As of December 31, 2020)
Over $100B 46.13
$50B to $100B 11.25
$10B to $50B 5.09
N/A 0.25
Developed VS Emerging Markets % OF FUND % OF FUND (As of December 31, 2020)
U.S. 97.12
Non-U.S. Developed 2.02
Non-U.S. Emerging 0.10
Cash & Equivalents 0.76
MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS % OF FUND % OF FUND (As of December 31, 2020)
< 1 yr 1.42
1 - 3 yrs 5.05
3 - 5 yrs 8.38
5 - 7 yrs 3.92
7 - 10 yrs 9.53
10 - 20 yrs 3.21
> 20 yrs 3.64
N/A 1.37
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of December 31, 2020)
Aaa 13.19
Aa 0.32
A 3.74
Baa 12.04
Ba 4.96
B 1.74
NOT RATED 0.53

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