2016 Lipper Award
Janus Balanced Fund (JANBX)
20+ Years of Dynamic Asset Allocation

FUND SNAPSHOT (JANBX)

Who Should Consider This Fund?

Investors looking for an actively managed fund with a mix of stocks and bonds that seeks to produce solid long term returns in a variety of market conditions.

Asset ClassAsset Allocation
Share Class D
RISK TOLERANCE SPECTRUM
target risk moderate

Funds are placed on the risk tolerance spectrum to demonstrate the wide spectrum of risk levels among asset classes in which they are expected to typically invest. The spectrum is for informational purposes only, is not intended to be forward looking and is subject to change. 

Yields

Distribution Yield at NAV (As of 12/31/16)

2.17%
30 Day SEC Yield (As of 12/31/16)
with waivers
without waivers

1.72%
1.72%
Distribution FrequencyQuarterly
Fund Facts
Inception Date9/1/1992
NAV (As of 1/20/17)$29.84
Daily NAV Change$0.03
Daily NAV % Change0.10%
Total Net Assets (As of 12/31/16)$12.70B
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 0.73%
NET 0.73%

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/17.

Morningstar (As of 12/31/16)
CategoryUS Funds Allocation-50% to 70% Equity
Overall Rating™
(Based on risk-adjusted returns)
710 Funds Rated
View all Ratings
Equity
Style Box
Fixed Income
Style Box
Performance (As of 12/31/16)
YTD (As of 1/20/17) 1.91%
1 Year 4.51%
3 Year 4.48%
5 Year 9.07%
10 Year 6.96%

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.

Client Commitment

Janus Balanced Fund’s dynamic asset allocation strategy has the flexibility to defensively position ahead of market volatility while seeking strong risk-adjusted returns. Unlike many competitor products, where asset allocations are constrained by static targets, the Fund’s asset allocations may vary between 35% and 65% equities depending on market conditions.

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 12/31/16

TOP HOLDINGS (% of Fund)

Microsoft Corp 3.16
United States Treasury Bill , 0.00%, 11/09/2017 3.08
Boeing Co 2.57
Mastercard Inc 2.55
Altria Group Inc 2.37
Amgen Inc 2.18
CME Group Inc 2.11
LyondellBasell Industries NV 2.04
Alphabet Inc 2.02
NIKE Inc 1.90
TOTAL23.98

SECTOR ALLOCATION (% of Fund)

Equity62.97%
Consumer Discretionary13.07%
Information Technology12.14%
Financials9.52%
Industrials8.11%
Consumer Staples7.69%
Health Care7.32%
Real Estate2.60%
Materials2.36%
Equity Other0.16%
Fixed Income36.69%
Credit-Investment Grade14.37%
MBS8.50%
Treasuries6.18%
Bank Loans2.06%
Credit-High Yield2.03%
CMBS1.53%
ABS1.42%
Inflation Linked0.60%
Cash & Equivalents0.34%

Why Invest in the Fund

DYNAMIC ASSET ALLOCATION

The Fund’s portfolio managers make allocation decisions based on their view of overall market risk and careful examination of individual security valuations across equity and fixed income markets.

INTEGRATED RESEARCH

Janus equity and fixed income analysts work side-by-side covering the same six global sectors, facilitating deeper analysis of a company's fundamental outlook and understanding of management's true intentions.

SEEKS CONSISTENT RESULTS

The end result is a multi-asset, core holding portfolio offering the potential for long-term capital appreciation with the flexibility to navigate uncertain and volatile markets.

FUND MANAGEMENT

Marc Pinto

Marc Pinto, CFA

Fund Manager since 2005
Industry since 1985

Jeremiah Buckley

Jeremiah Buckley, CFA

Fund Manager since 2015
Industry since 1998

Darrell Watters

Darrell Watters

Fund Manager since 2015
Industry since 1986

Mayur Saigal

Mayur Saigal

Fund Manager since 2015
Industry since 2002