Janus Aspen Flexible Bond Portfolio (JAFLX)

20+ Years of All-Weather, Credit-Driven Fixed Income Investing



Inception Date9/13/1993
NAV (As of 11/27/15 )$11.86
Total Net Assets (As of 10/31/15)$644.27M
Annual Expense Ratio
(As of fiscal year end 12/31/14)
GROSS 0.59%
NET 0.57%

Performance (As of 9/30/15)
1 Year2.04%
3 Year2.21%
5 Year3.93%
10 Year5.94%
Morningstar (As of 10/31/15)
CategoryIntermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

941 Funds Rated
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 5/1/16.

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

Portfolio Manager since 2007
Industry since 1991

Darrell Watters

Darrell Watters

Portfolio Manager since 2007
Industry since 1986