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 3/24/17)$11.71
Total Net Assets (As of 2/28/17)$737.61M
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 2/28/17)
CategoryUS Fund Intermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

854 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 2/28/17. Index represents the Bloomberg Barclays U.S. Aggregate Bond Index.

TOP HOLDINGS (% of Portfolio)

United States Treasury Note/Bond , 2.88%, 11/15/2046 4.05
United States Treasury Note/Bond , 1.12%, 02/28/2021 2.84
US TSY INFL BOND .125 07/15/26 , 0.12%, 07/15/2026 2.62
United States Treasury Note/Bond , 1.25%, 03/31/2021 1.54
BellSouth LLC , 4.40%, 04/26/2017 0.98
United States Treasury Note/Bond , 2.00%, 11/15/2026 0.81
United States Treasury Note/Bond , 3.62%, 02/15/2044 0.77
United States Treasury Note/Bond , 1.38%, 01/31/2021 0.77
Fannie Mae Pool , 4.50%, 05/01/2044 0.66
Anheuser-Busch InBev Finance Inc , 3.65%, 02/01/2026 0.65
TOTAL15.69

CHARACTERISTICS

Number of Holdings
Debt Issues

530
Portfolio Turnover Rate
(1-year trailing)

103.98%
Weighted Average Maturity
(years)

8.76
Effective Duration
(years)

5.62
Weighted Average Coupon3.88%

SECTOR ALLOCATION (% of Portfolio)

US Preferred Stock 0.97
Credit-Investment Grade 41.26
MBS 24.31
Treasuries 12.32
Credit-High Yield 6.39
Bank Loans 5.25
ABS 3.02
CMBS 2.89
Inflation Linked 2.62
Cash & Equivalents 0.97

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Portfolio)

< 1 yr 5.72
1 - 3 yrs 6.48
3 - 5 yrs 20.11
5 - 7 yrs 22.41
7 - 10 yrs 32.21
10 - 20 yrs 2.88
> 20 yrs 8.25

CREDIT QUALITY OF FIXED INCOME HOLDINGS (% of Portfolio)

Aaa 39.59
Aa 0.21
A 7.47
Baa 37.70
Ba 10.63
B 2.06
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. 92.22
Non-U.S. Developed 5.97
Non-U.S. Emerging 0.84
Cash & Equivalents 0.97

REGIONS (% of Portfolio)

North America 92.81
Europe 4.85
Asia/Pacific Ex Japan 0.87
Africa/Mideast 0.25
Latin America 0.25
Cash & Equivalents 0.97

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.