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 1/13/17)$11.66
Total Net Assets (As of 12/31/16)$737.29M
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 12/31/16)
CategoryUS Fund Intermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

869 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, Janus Capital has contractually agreed to through 5/1/17.

Data as of 12/31/16. Index represents the Bloomberg Barclays U.S. Aggregate Bond Index.

TOP HOLDINGS (% of Portfolio)

United States Treasury Bill , 0.00%, 03/16/2017 3.00
United States Treasury Note/Bond , 1.12%, 02/28/2021 2.84
United States Treasury Note/Bond , 1.75%, 12/31/2020 1.75
US TSY INFL BOND .125 07/15/26 , 0.12%, 07/15/2026 1.54
United States Treasury Note/Bond , 1.25%, 03/31/2021 1.54
United States Treasury Note/Bond , 1.38%, 01/31/2021 1.45
United States Treasury Bill , 0.00%, 01/12/2017 1.35
United States Treasury Bill , 0.00%, 06/22/2017 1.28
United States Treasury Note/Bond , 1.50%, 11/30/2019 1.18
United States Treasury Note/Bond , 1.50%, 10/31/2019 1.01
TOTAL16.94

CHARACTERISTICS

Number of Holdings
Debt Issues

521
Portfolio Turnover Rate
(1-year trailing)

102.53%
Weighted Average Maturity
(years)

7.05
Effective Duration
(years)

4.44
Weighted Average Coupon3.82%

SECTOR ALLOCATION (% of Portfolio)

US Preferred Stock 0.95
Credit-Investment Grade 36.45
MBS 24.32
Treasuries 19.46
Credit-High Yield 5.26
Bank Loans 5.02
CMBS 3.35
ABS 3.05
Inflation Linked 1.54
Cash & Equivalents 0.60

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Portfolio)

< 1 yr 12.57
1 - 3 yrs 9.29
3 - 5 yrs 23.16
5 - 7 yrs 21.23
7 - 10 yrs 26.46
10 - 20 yrs 1.83
> 20 yrs 3.91

CREDIT QUALITY OF FIXED INCOME HOLDINGS (% of Portfolio)

Aaa 45.87
Aa 0.21
A 6.94
Baa 34.19
Ba 9.42
B 1.65
NOT RATED 0.17

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. 93.52
Non-U.S. Developed 5.29
Non-U.S. Emerging 0.59
Cash & Equivalents 0.60

REGIONS (% of Portfolio)

North America 93.89
Europe 4.00
Asia/Pacific Ex Japan 1.51
Cash & Equivalents 0.60

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.