Janus Aspen Flexible Bond Portfolio (JAFLX)

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

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PORTFOLIO FACTS (JAFLX)

Inception Date9/13/1993
NAV (As of 2/24/17)$11.76
Total Net Assets (As of 1/31/17)$732.80M
Annual Expense Ratio
(As of fiscal year end 12/31/15)
GROSS 0.62%
NET 0.62%

Performance (As of 12/31/16)
1 Year2.46%
3 Year2.52%
5 Year3.12%
10 Year5.61%
Morningstar (As of 1/31/17)
CategoryUS Fund Intermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

856 Funds Rated
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 5/1/17.

Data as of 1/31/17. Index represents the Bloomberg Barclays U.S. Aggregate Bond Index.

TOP HOLDINGS (% of Portfolio)

United States Treasury Note/Bond , 2.88%, 11/15/2046 3.26
United States Treasury Note/Bond , 1.12%, 02/28/2021 2.87
US TSY INFL BOND .125 07/15/26 , 0.12%, 07/15/2026 2.63
United States Treasury Note/Bond , 1.75%, 12/31/2020 1.75
United States Treasury Note/Bond , 1.25%, 03/31/2021 1.55
United States Treasury Note/Bond , 1.38%, 01/31/2021 1.46
United States Treasury Note/Bond , 1.50%, 11/30/2019 1.19
BellSouth LLC , 4.40%, 04/26/2017 0.98
United States Treasury Note/Bond , 3.62%, 02/15/2044 0.78
Fannie Mae Pool , 4.50%, 05/01/2044 0.67
TOTAL17.14

CHARACTERISTICS

Number of Holdings
Debt Issues

524
Portfolio Turnover Rate
(1-year trailing)

105.13%
Weighted Average Maturity
(years)

8.28
Effective Duration
(years)

5.40
Weighted Average Coupon3.79%

SECTOR ALLOCATION (% of Portfolio)

US Preferred Stock 0.96
Credit-Investment Grade 40.40
MBS 24.38
Treasuries 14.53
Credit-High Yield 5.33
Bank Loans 5.29
CMBS 3.19
ABS 3.10
Inflation Linked 2.63
Cash & Equivalents 0.19

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Portfolio)

< 1 yr 6.21
1 - 3 yrs 7.79
3 - 5 yrs 22.45
5 - 7 yrs 21.88
7 - 10 yrs 30.86
10 - 20 yrs 2.52
> 20 yrs 7.14

CREDIT QUALITY OF FIXED INCOME HOLDINGS (% of Portfolio)

Aaa 42.11
Aa 0.21
A 7.58
Baa 36.65
Ba 10.06
B 1.73
NOT RATED 0.51

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).

DEVELOPED VS. EMERGING MARKET EXPOSURE (% of Portfolio)

U.S. 93.53
Non-U.S. Developed 5.46
Non-U.S. Emerging 0.82
Cash & Equivalents 0.19

REGIONS (% of Portfolio)

North America 94.05
Europe 4.65
Asia/Pacific Ex Japan 0.88
Latin America 0.23
Cash & Equivalents 0.19

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.