Janus Flexible Bond Fund (JANFX)
25+ Years of Fundamental Fixed Income Investing

FUND SNAPSHOT (JANFX)

Who Should Consider This Fund?

Investors looking for a core fixed income fund that can serve as a portfolio anchor. The Fund has the flexibility to alter its approach to take advantage of market conditions while seeking risk-adjusted returns and capital preservation.

Asset ClassFixed Income
Share Class D
RISK TOLERANCE SPECTRUM
target risk conservative

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)

2.91%
30 Day SEC Yield (As of 12/31/16)
with waivers
without waivers

2.36%
2.36%
Distribution FrequencyMonthly
Fund Facts
Inception Date7/7/1987
NAV (As of 1/20/17)$10.28
Daily NAV Change$0.00
Daily NAV % Change0.01%
Total Net Assets (As of 12/31/16)$9.15B
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 0.60%
NET 0.60%

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/17.

Morningstar (As of 12/31/16)
CategoryUS Fund Intermediate-Term Bond
Overall Rating™
(Based on risk-adjusted returns)
869 Funds Rated
View all Ratings
Fixed Income
Style Box
Performance (As of 12/31/16)
YTD (As of 1/20/17) 0.04%
1 Year 2.61%
3 Year 2.51%
5 Year 3.06%
10 Year 5.41%

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

This dynamic core bond fund leverages a bottom-up, fundamentally driven investment process designed to generate risk-adjusted outperformance and capital preservation. Throughout its 25+ year history, the fund has utilized an active and flexible approach to manage across a variety of market and rate cycles.

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 12/31/16

TOP HOLDINGS (% of Fund)

United States Treasury Bill , 0.00%, 03/16/2017 3.03
United States Treasury Note/Bond , 1.12%, 02/28/2021 2.86
United States Treasury Note/Bond , 1.75%, 12/31/2020 1.77
United States Treasury Note/Bond , 1.25%, 03/31/2021 1.62
US TSY INFL BOND .125 07/15/26 , 0.12%, 07/15/2026 1.54
United States Treasury Note/Bond , 1.38%, 01/31/2021 1.52
United States Treasury Bill , 0.00%, 01/12/2017 1.33
United States Treasury Note/Bond , 1.50%, 11/30/2019 1.21
BellSouth LLC , 4.40%, 04/26/2017 1.01
United States Treasury Bill , 0.00%, 11/09/2017 0.88
TOTAL16.77

SECTOR ALLOCATION (% of Fund)

US Preferred Stock 0.95
Credit-Investment Grade 37.20
MBS 24.53
Treasuries 18.28
Credit-High Yield 5.39
Bank Loans 5.13
CMBS 3.57
ABS 3.18
Inflation Linked 1.54
Cash & Equivalents 0.23

Why Invest in the Fund

DYNAMIC CORE BOND HOLDING

By emphasizing risk-adjusted returns and capital preservation, the fund can serve as a foundation for a fixed income portfolio. The strategy uses a bottom-up, fundamentally driven investment process that seeks to identify the best opportunities across fixed income sectors, including up to 35% high-yield.

INTEGRATED RESEARCH

Partnership and fluid communication between fixed income and equity analysts promote idea generation. Credit research emphasizes free cash flow generation, quality of management and security valuation.

SOPHISTICATED RISK MANAGEMENT

Our proprietary fixed income portfolio and risk-management system, Quantum Global, is integrated into the investment process at each step. We identify and measure the sources of risk in the portfolio at multiple levels to confirm that the portfolio is positioned as intended.

FUND MANAGEMENT

Darrell Watters

Darrell Watters

Fund Manager since 2007
Industry since 1986

Mayur Saigal

Mayur Saigal

Fund Manager since 2015
Industry since 2002

Micheal Keough

Michael Keough

Fund Manager since 2015
Industry since 2006