Janus Flexible Bond Fund (JAFIX)

25+ Years of Fundamental Fixed Income Investing



Inception Date7/7/1987
NAV (As of 10/9/15 )$10.46
Total Net Assets (As of 8/31/15)$8.93B
Annual Expense Ratio
(As of fiscal year end 6/30/14)
GROSS 0.70%
NET 0.70%


Distribution Yield at NAV (As of 9/30/15)

30 Day SEC Yield (As of 9/30/15)
with waivers
without waivers

Distribution FrequencyMonthly
Performance (As of 9/30/15)
1 Year1.87%
3 Year2.07%
5 Year3.71%
10 Year5.66%
Morningstar (As of 9/30/15)
CategoryIntermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

945 Funds Rated
Analyst Rating
Fixed Income
Style Box

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 11/1/15.

Client Commitment

This dynamic core bond fund leverages a bottom-up, fundamentally driven investment process designed to generate risk-adjusted outperformance and capital preservation. Throughout its 25+ year history, the fund has utilized an active and flexible approach to manage across a variety of market and rate cycles.

Fixed Income Insights with Gibson Smith

Why Invest in the Fund


By emphasizing risk-adjusted returns and capital preservation, the fund can serve as a foundation for a fixed income portfolio. The strategy uses a bottom-up, fundamentally driven investment process that seeks to identify the best opportunities across fixed income sectors, including up to 35% high-yield.


Partnership and fluid communication between fixed income and equity analysts promote idea generation. Credit research emphasizes free cash flow generation, quality of management and security valuation.


Our proprietary fixed income portfolio and risk-management system, Quantum Global, is integrated into the investment process at each step. We identify and measure the sources of risk in the portfolio at multiple levels to confirm that the portfolio is positioned as intended.


Competitive Returns with Less Volatility than Majority of Peers
Janus Flexible Bond Fund Compared to Index and Peers (10-Years: 7/1/05 – 6/30/15)
Janus Flexible Bond Fund Compared to Index and Peers chart
Based on the Fund's "parent" share class (typically that with the longest history). Performance varies by share class. Standard Deviation measures historical volatility. Higher standard deviation implies greater volatility. 3-Year Standard Deviation for Janus Flexible Bond Fund – T Shares: 2.79%.


Gibson Smith

Gibson Smith

Fund Manager since 2007
Industry since 1991

Darrell Watters

Darrell Watters

Fund Manager since 2007
Industry since 1986


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