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 2/26/15 )$12.12
Total Net Assets (As of 1/31/15)$596.99M
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 1/31/15)
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 1/31/15. 

TOP HOLDINGS (% of Portfolio)

U.S. Treasury Notes/Bonds , 2.25%, 11/15/2024 6.34
U.S. Treasury Notes/Bonds , 0.62%, 12/31/2016 4.81
U.S. Treasury Notes/Bonds , 0.50%, 11/30/2016 3.90
U.S. Treasury Notes/Bonds , 1.50%, 11/30/2019 3.22
U.S. Treasury Notes/Bonds , 1.50%, 08/31/2018 2.46
U.S. Treasury Notes/Bonds , 1.00%, 12/15/2017 2.12
U.S. Treasury Notes/Bonds , 3.12%, 08/15/2044 1.99
U.S. Treasury Notes/Bonds , 0.50%, 08/31/2016 1.69
U.S. Treasury Notes/Bonds , 0.88%, 01/31/2017 1.66
U.S. Treasury Notes/Bonds , 0.38%, 10/31/2016 1.33
TOTAL29.52

CHARACTERISTICS

Number of Holdings
Debt Issues

341
Portfolio Turnover Rate
(1-year trailing)

132.11%
Weighted Average Maturity
(years)

9.35
Effective Duration
(years)

5.24
Weighted Average Coupon3.45%

SECTOR ALLOCATION (% of Portfolio)

US Preferred Stock 1.36
Treasuries 38.84
Credit-Investment Grade 22.97
US MBS 17.13
Credit-High Yield 11.23
CMBS 3.10
ABS 1.97
Bank Loans 1.35
Government Related 0.13
Cash & Equivalents 1.92

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Portfolio)

< 1 yr 0.88
1 - 3 yrs 22.69
3 - 5 yrs 25.34
5 - 7 yrs 12.88
7 - 10 yrs 25.12
10 - 20 yrs 1.66
> 20 yrs 8.15

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

AAA 0.17
AA 56.37
A 4.39
BBB 22.32
BB 11.09
B 1.17
CCC 0.17
NOT RATED 1.04

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. 92.71
Non-U.S. Developed 4.59
Non-U.S. Emerging 0.78
Cash & Equivalents 1.92

REGIONS (% of Portfolio)

North America 92.71
Europe 3.40
Asia/Pacific Ex Japan 1.97
Cash & Equivalents 1.92

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.