Janus Balanced Fund (JBALX)

20+ Years of Dynamic Asset Allocation

SHARE CLASS

FUND FACTS (JBALX)

Inception Date9/1/1992
NAV (As of 5/26/17)$31.41
Total Net Assets (As of 4/30/17)$13.00B
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.67%
NET 0.67%

Morningstar Fee Level
(As of 4/30/17)
Fee Level Group
(out of 167 funds)
Moderate Allocation Institutional

Yields

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

2.12%
30 Day SEC Yield (As of 4/30/17)
with waivers
without waivers

1.94%
1.94%
Distribution FrequencyQuarterly
Performance (As of 3/31/17)
1 Year10.77%
3 Year5.80%
5 Year8.22%
10 Year7.23%
Morningstar (As of 4/30/17)
CategoryUS Funds Allocation-50% to 70% Equity
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

721 Funds Rated
Equity
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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.

Quarterly Commentary - Q1 2017

EXECUTIVE SUMMARY

The Fund outperformed the Balanced Index during the first quarter of 2017.

Stock selection in industrials aided the outperformance of our equity sleeve. Outperformance in the fixed income sleeve was driven by our investment-grade corporate credit holdings.

Despite rich valuations, we believe equities will continue to present more attractive risk-adjusted opportunities relative to fixed income.

FUND MANAGEMENT

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