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 12/7/16)$11.81
Total Net Assets (As of 10/31/16)$777.41M
Annual Expense Ratio
(As of fiscal year end 12/31/15)
GROSS 0.62%
NET 0.62%

Performance (As of 9/30/16)
1 Year4.50%
3 Year3.76%
5 Year3.99%
10 Year6.05%
Morningstar (As of 11/30/16)
CategoryIntermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

858 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 5/1/17.

Data as of 10/31/16. Index represents the Bloomberg Barclays U.S. Aggregate Bond Index.

TOP HOLDINGS (% of Portfolio)

United States Treasury Note/Bond , 1.12%, 02/28/2021 2.66
United States Treasury Note/Bond , 1.12%, 06/30/2021 2.35
United States Treasury Note/Bond , 0.75%, 09/30/2018 1.76
United States Treasury Note/Bond , 1.75%, 12/31/2020 1.64
United States Treasury Note/Bond , 1.25%, 03/31/2021 1.49
United States Treasury Note/Bond , 1.50%, 08/15/2026 1.48
United States Treasury Note/Bond , 1.38%, 01/31/2021 1.41
United States Treasury Note/Bond , 3.00%, 05/15/2045 1.26
United States Treasury Note/Bond , 1.50%, 11/30/2019 1.14
United States Treasury Note/Bond , 3.12%, 08/15/2044 1.10
TOTAL16.29

CHARACTERISTICS

Number of Holdings
Debt Issues

527
Portfolio Turnover Rate
(1-year trailing)

90.14%
Weighted Average Maturity
(years)

8.31
Effective Duration
(years)

5.26
Weighted Average Coupon3.60%

SECTOR ALLOCATION (% of Portfolio)

US Preferred Stock 0.92
Credit-Investment Grade 34.50
Treasuries 25.31
MBS 23.96
Credit-High Yield 4.72
Bank Loans 3.96
CMBS 3.26
ABS 2.87
Cash & Equivalents 0.50

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Portfolio)

< 1 yr 4.88
1 - 3 yrs 10.71
3 - 5 yrs 26.91
5 - 7 yrs 22.54
7 - 10 yrs 24.01
10 - 20 yrs 2.02
> 20 yrs 7.51

CREDIT QUALITY OF FIXED INCOME HOLDINGS (% of Portfolio)

Aaa 49.75
Aa 0.15
A 6.35
Baa 32.78
Ba 7.64
B 1.67
NOT RATED 0.24

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. 94.33
Non-U.S. Developed 4.61
Non-U.S. Emerging 0.56
Cash & Equivalents 0.50

REGIONS (% of Portfolio)

North America 94.70
Europe 3.48
Asia/Pacific Ex Japan 1.32
Cash & Equivalents 0.50

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.