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 3/27/15 )$12.18
Total Net Assets (As of 2/28/15)$540.84M
Annual Expense Ratio
(As of fiscal year end 12/31/13)
GROSS 0.56%
NET 0.56%

Performance (As of 12/31/14)
1 Year4.94%
3 Year4.32%
5 Year5.52%
10 Year5.98%
Morningstar (As of 2/28/15)
CategoryIntermediate-Term Bond
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.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 5/1/15.

Data as of 2/28/15. 

TOP HOLDINGS (% of Portfolio)

U.S. Treasury Notes/Bonds , 2.25%, 11/15/2024 5.30
U.S. Treasury Notes/Bonds , 0.62%, 12/31/2016 5.30
U.S. Treasury Notes/Bonds , 0.50%, 11/30/2016 3.67
U.S. Treasury Notes/Bonds , 1.50%, 11/30/2019 3.12
U.S. Treasury Notes/Bonds , 0.50%, 01/31/2017 3.04
U.S. Treasury Notes/Bonds , 1.50%, 08/31/2018 2.37
U.S. Treasury Notes/Bonds , 1.00%, 12/15/2017 2.07
U.S. Treasury Notes/Bonds , 0.88%, 01/31/2017 1.67
U.S. Treasury Notes/Bonds , 3.12%, 08/15/2044 1.35
U.S. Treasury Notes/Bonds , 1.62%, 07/31/2019 1.28
TOTAL29.17

CHARACTERISTICS

Number of Holdings
Debt Issues

364
Portfolio Turnover Rate
(1-year trailing)

140.59%
Weighted Average Maturity
(years)

9.24
Effective Duration
(years)

5.16
Weighted Average Coupon3.42%

SECTOR ALLOCATION (% of Portfolio)

US Preferred Stock 1.74
Treasuries 38.81
Credit-Investment Grade 23.33
US MBS 17.30
Credit-High Yield 11.16
CMBS 3.28
ABS 2.28
Bank Loans 1.51
Government Related 0.13
Cash & Equivalents 0.46

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Portfolio)

< 1 yr 0.95
1 - 3 yrs 24.39
3 - 5 yrs 24.24
5 - 7 yrs 13.27
7 - 10 yrs 25.70
10 - 20 yrs 1.51
> 20 yrs 7.74

S&P QUALITY RATING OF FIXED INCOME HOLDINGS (% of Portfolio)

AAA 0.13
AA 56.55
A 4.35
BBB 22.34
BB 11.82
B 1.27
NOT RATED 1.34

Bond ratings provided by Standard & Poor's. Not rated securities are not rated by S&P but may be rated by other rating agencies.

DEVELOPED VS. EMERGING MARKET EXPOSURE (% of Portfolio)

U.S. 93.95
Non-U.S. Developed 4.80
Non-U.S. Emerging 0.79
Cash & Equivalents 0.46

REGIONS (% of Portfolio)

North America 93.96
Europe 3.52
Asia/Pacific Ex Japan 2.06
Cash & Equivalents 0.46

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.