2016 Lipper Award

Janus Balanced Fund (JABAX)

20+ Years of Dynamic Asset Allocation

SHARE CLASS

FUND FACTS (JABAX)

Inception Date9/1/1992
NAV (As of 12/8/16)$29.96
Total Net Assets (As of 10/31/16)$12.59B
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 0.83%
NET 0.83%

Yields

Distribution Yield at NAV (As of 9/30/16)

1.74%
30 Day SEC Yield (As of 11/30/16)
with waivers
without waivers

1.70%
1.70%
Distribution FrequencyQuarterly
Performance (As of 9/30/16)
1 Year5.92%
3 Year5.63%
5 Year10.04%
10 Year7.04%
Morningstar (As of 11/30/16)
CategoryAllocation-50% to 70% Equity
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

710 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 2/1/17.

Data as of 10/31/16. Index represents the S&P 500® Index.

TOP HOLDINGS (% of Fund)

Microsoft Corp 3.26
Mastercard Inc 2.83
Boeing Co 2.67
Altria Group Inc 2.48
Amgen Inc 2.25
Alphabet Inc 2.20
CME Group Inc 2.10
LyondellBasell Industries NV 2.07
NIKE Inc 2.01
Costco Wholesale Corp 1.85
TOTAL23.72

DEVELOPED VS. EMERGING MARKET EXPOSURE (% of Fund)

U.S. 97.36
Non-U.S. Developed 1.90
Non-U.S. Emerging 0.25
Cash & Equivalents 0.49

COUNTRIES (% of Fund)

FUND
United States 97.36
Belgium 0.55
United Kingdom 0.34
France 0.27
Taiwan, Province Of China 0.25
Singapore 0.21
Netherlands 0.19
Canada 0.17
Germany 0.09
Switzerland 0.07
Luxembourg 0.01
Cash & Equivalents 0.49

MONTHLY TOP EQUITY
CONTRIBUTORS & DETRACTORS

CONTRIBUTORS
Boeing Co
Mastercard Inc
Time Warner Inc
Microsoft Corp
Altria Group Inc
DETRACTORS
Amgen Inc
AbbVie Inc
Comcast Corp
NIKE Inc
CME Group Inc

SECTOR ALLOCATION (% of Fund)

Equity63.56%
Consumer Discretionary13.43%
Information Technology12.74%
Financials9.15%
Industrials8.06%
Health Care7.72%
Consumer Staples7.35%
Real Estate2.56%
Materials2.38%
Equity Other0.17%
Fixed Income35.95%
Credit-Investment Grade15.37%
MBS10.67%
Treasuries3.07%
Credit-High Yield2.02%
Bank Loans1.75%
CMBS1.60%
ABS1.47%
Cash & Equivalents0.49%

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS (% of Fund)

Over $100 Billion 19.07
$50 Billion to $100 Billion 20.96
$10 Billion to $50 Billion 19.19
$5 Billion to $10 Billion 1.98
$1 Billion to $5 Billion 1.95
N/A 0.41

REGIONS (% of Fund)

North America 97.53
Europe 1.52
Asia/Pacific Ex Japan 0.46
Cash & Equivalents 0.49

CHARACTERISTICS

Number of Holdings
Equity Issues
Debt Issues

60
483
Market Capitalization
Weighted Average
Median

$117.97B
$76.32B
Portfolio Turnover Rate
(1-year trailing)

69.97%
Price/Earnings Ratio
(1-year forward)

19.35
Price/Book Ratio
(1-year forward)

5.36
Earning Growth Rate
(1-year forward)

9.83%
Weighted Average Maturity
(years)

8.86
Effective Duration
(years)

5.31
Weighted Average Coupon4.09%

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Fund)

< 1 yr 2.17
1 - 3 yrs 3.09
3 - 5 yrs 6.74
5 - 7 yrs 10.04
7 - 10 yrs 10.13
10 - 20 yrs 0.92
> 20 yrs 2.86

CREDIT QUALITY OF FIXED INCOME HOLDINGS (% of Fund)

Aaa 13.96
Aa 0.08
A 2.82
Baa 14.89
Ba 3.33
B 0.75
NOT RATED 0.12

Bond credit quality ratings provided by Barclays and reflect the middle rating received from Moody's, Standard & Poor's and Fitch, where all three agencies have provided a rating. If only two agencies rate a security, the lowest rating is used. If only one agency rates a security, that rating is used. Ratings are measured on a scale that ranges from Aaa (highest) to D (lowest).

Equity country, regional, sector and industry weights based on MSCI and GICS classifications. Fixed income country, regional, sector and industry weights based on Barclays classifications.