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 4/28/17)$11.83
Total Net Assets (As of 3/31/17)$737.24M
Annual Expense Ratio
(As of fiscal year end 12/31/15)
GROSS 0.62%
NET 0.62%

Performance (As of 3/31/17)
1 Year1.27%
3 Year2.19%
5 Year2.86%
10 Year5.54%
Morningstar (As of 3/31/17)
CategoryUS Fund Intermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

851 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, contractually agreed to through 5/1/18.

Data as of 3/31/17. Index represents the Bloomberg Barclays U.S. Aggregate Bond Index.

TOP HOLDINGS (% of Portfolio)

United States Treasury Note/Bond , 2.88%, 11/15/2046 3.56
United States Treasury Note/Bond , 2.00%, 11/15/2026 3.34
United States Treasury Note/Bond , 1.12%, 02/28/2021 1.75
United States Treasury Note/Bond , 1.25%, 03/31/2021 1.69
United States Treasury Note/Bond , 2.25%, 02/15/2027 1.57
United States Treasury Note/Bond , 1.12%, 02/28/2019 1.35
United States Treasury Note/Bond , 2.12%, 02/29/2024 1.08
BellSouth LLC , 4.40%, 04/26/2017 1.06
United States Treasury Note/Bond , 3.62%, 02/15/2044 0.81
Fannie Mae Pool , 4.50%, 05/01/2044 0.70
TOTAL16.91

CHARACTERISTICS

Number of Holdings
Debt Issues

519
Portfolio Turnover Rate
(1-year trailing)

103.16%
Weighted Average Maturity
(years)

8.72
Effective Duration
(years)

5.64
Weighted Average Coupon3.90%

SECTOR ALLOCATION (% of Portfolio)

US Preferred Stock 1.02
Credit-Investment Grade 38.25
MBS 24.95
Treasuries 17.26
Credit-High Yield 7.13
Bank Loans 4.94
ABS 3.03
CMBS 2.67
Cash & Equivalents 0.75

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Portfolio)

< 1 yr 4.43
1 - 3 yrs 8.65
3 - 5 yrs 16.76
5 - 7 yrs 27.26
7 - 10 yrs 31.58
10 - 20 yrs 1.77
> 20 yrs 7.78

CREDIT QUALITY OF FIXED INCOME HOLDINGS (% of Portfolio)

Aaa 42.55
Aa 0.22
A 5.49
Baa 36.66
Ba 10.75
B 2.16
NOT RATED 0.40

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. 92.63
Non-U.S. Developed 5.73
Non-U.S. Emerging 0.89
Cash & Equivalents 0.75

REGIONS (% of Portfolio)

North America 93.25
Europe 4.54
Asia/Pacific Ex Japan 0.95
Africa/Mideast 0.26
Latin America 0.25
Cash & Equivalents 0.75

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.