Janus Balanced Fund (JBALX)

20+ Years of Dynamic Asset Allocation



Inception Date9/1/1992
NAV (As of 4/28/17)$31.02
Total Net Assets (As of 3/31/17)$12.92B
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.67%
NET 0.67%

Morningstar Fee Level
(As of 3/31/17)
Fee Level Group
(out of 166 funds)
Moderate Allocation Institutional


Distribution Yield at NAV (As of 3/31/17)

30 Day SEC Yield (As of 3/31/17)
with waivers
without waivers

Distribution FrequencyQuarterly
Performance (As of 3/31/17)
1 Year10.77%
3 Year5.80%
5 Year8.22%
10 Year7.23%
Morningstar (As of 3/31/17)
CategoryUS Funds Allocation-50% to 70% Equity
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

721 Funds Rated
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Fixed Income
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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. For the most recent month-end performance click here.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/18.

Client Commitment

Janus Balanced Fund’s dynamic asset allocation strategy has the flexibility to defensively position ahead of market volatility while seeking strong risk-adjusted returns. Unlike many competitor products, where asset allocations are constrained by static targets, the Fund’s asset allocations may vary between 35% and 65% equities depending on market conditions.

Why Invest in the Fund


The Fund’s portfolio managers make allocation decisions based on their view of overall market risk and careful examination of individual security valuations across equity and fixed income markets.


Janus equity and fixed income analysts work side-by-side covering the same six global sectors, facilitating deeper analysis of a company's fundamental outlook and understanding of management's true intentions.


The end result is a multi-asset, core holding portfolio offering the potential for long-term capital appreciation with the flexibility to navigate uncertain and volatile markets.


Equity Allocation Adapting to Market Changes
Janus Balanced Fund Equity Allocation in Relation to Market Volatility (12/31/97 - 3/31/17)
Over the last 10 years, the Janus Forty Fund delivered top-quartile risk-adjusted returns, as measured by alpha, through a high conviction stock selection process.
Chicago Board of Options Exchange (CBOE) Volatility Index® (VIX®) 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 and is often referred to as the "investor fear" gauge. The VIX® volatility methodology is the property of CBOE, which is not affiliated with Janus.


Marc Pinto

Marc Pinto, CFA

Fund Manager since 2005
Industry since 1985

Jeremiah Buckley

Jeremiah Buckley, CFA

Fund Manager since 2015
Industry since 1998

Darrell Watters

Darrell Watters

Fund Manager since 2015
Industry since 1986

Mayur Saigal

Mayur Saigal

Fund Manager since 2015
Industry since 2002


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