Janus Flexible Bond Fund (JAFIX)

25+ Years of Fundamental Fixed Income Investing



Inception Date7/7/1987
NAV (As of 11/27/15 )$10.38
Total Net Assets (As of 10/31/15)$9.14B
Annual Expense Ratio
(As of fiscal year end 6/30/15)
GROSS 0.69%
NET 0.69%


Distribution Yield at NAV (As of 10/31/15)

30 Day SEC Yield (As of 10/31/15)
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 10/31/15)
CategoryIntermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

941 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 11/1/16.

Quarterly Commentary - Q3 2015


In a volatile period, the Fund generated positive total returns but underperformed the Barclays U.S. Aggregate Bond Index on a relative basis.

We remain defensively positioned, with our investment-grade and below investment-grade corporate credit allocation close to the lowest levels since the financial crisis.

Underperformance was largely attributable to our slightly lower duration position and out-of-index high-yield exposure.

We expect elevated volatility given slowing global growth, uncertain U.S. monetary policy, new bond issuance and elevated shareholder-friendly activity.


Gibson Smith

Gibson Smith

Fund Manager since 2007
Industry since 1991

Darrell Watters

Darrell Watters

Fund Manager since 2007
Industry since 1986