Janus Aspen Flexible Bond Portfolio (JAFLX)
20+ Years of All-Weather, Credit-Driven Fixed Income Investing

SHARE CLASS

PORTFOLIO FACTS (JAFLX)

Inception Date9/13/1993
NAV (As of 4/24/15 )$12.23
Total Net Assets (As of 3/31/15)$541.43M
Annual Expense Ratio
(As of fiscal year end 12/31/13)
GROSS 0.56%
NET 0.56%

Performance (As of 3/31/15)
1 Year4.82%
3 Year4.20%
5 Year5.41%
10 Year6.26%
Morningstar (As of 3/31/15)
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 3/31/15. 

TOP HOLDINGS (% of Portfolio)

U.S. Treasury Notes/Bonds , 0.62%, 12/31/2016 5.76
U.S. Treasury Notes/Bonds , 2.25%, 11/15/2024 4.29
U.S. Treasury Notes/Bonds , 0.50%, 01/31/2017 3.35
U.S. Treasury Notes/Bonds , 1.50%, 08/31/2018 2.34
U.S. Treasury Notes/Bonds , 1.50%, 11/30/2019 2.13
U.S. Treasury Notes/Bonds , 1.00%, 12/15/2017 2.07
U.S. Treasury Notes/Bonds , 2.50%, 02/15/2045 1.87
U.S. Treasury Notes/Bonds , 0.88%, 01/31/2017 1.65
U.S. Treasury Notes/Bonds , 2.00%, 02/15/2025 1.34
U.S. Treasury Notes/Bonds , 0.50%, 11/30/2016 1.33
TOTAL26.13

CHARACTERISTICS

Number of Holdings
Debt Issues

383
Portfolio Turnover Rate
(1-year trailing)

139.90%
Weighted Average Maturity
(years)

10.10
Effective Duration
(years)

5.62
Weighted Average Coupon3.55%

SECTOR ALLOCATION (% of Portfolio)

US Preferred Stock 1.78
Treasuries 35.82
Credit-Investment Grade 25.27
US MBS 17.28
Credit-High Yield 12.57
CMBS 3.62
ABS 1.95
Bank Loans 1.39
Government Related 0.13
Cash & Equivalents 0.19

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Portfolio)

< 1 yr 1.08
1 - 3 yrs 21.53
3 - 5 yrs 24.02
5 - 7 yrs 12.10
7 - 10 yrs 27.19
10 - 20 yrs 2.55
> 20 yrs 9.56

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

AAA 0.13
AA 53.17
A 5.57
BBB 23.70
BB 13.01
B 1.02
NOT RATED 1.43

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. 94.39
Non-U.S. Developed 4.64
Non-U.S. Emerging 0.78
Cash & Equivalents 0.19

REGIONS (% of Portfolio)

North America 94.38
Europe 3.49
Asia/Pacific Ex Japan 1.94
Cash & Equivalents 0.19

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.