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Address And Details

PO Box 55932 , Boston, MA 02205-5932
Fund Manager Michael Keough
Manager Tenure 6 Years 1 Months

Strategy And Objective

Janus Henderson Flexible Bond Fund seeks to obtain maximum total return, consistent with preservation of capital. The Fund pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, commercial and residential mortgage-backed securities, and zero-coupon bonds. The Fund will invest at least 65% of its assets in investment grade debt securities. The Fund may invest in securities of varying maturities, and as of June 30, 2020, the Fund s weighted average maturity was [ ] years. The Fund will limit its investment in high-yield/high-risk bonds, also known as junk bonds, to 35% or less of its net assets. The Fund generates total return from a combination of current income and capital appreciation, but income is usually the dominant portion. The Fund may also invest in asset-backed securities, including collateralized loan obligations, money market instruments, commercial loans, and foreign debt securities (which may include investments in emerging markets). The Fund may enter into to be announced or TBA commitments when purchasing mortgage-backed securities or other securities. Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds. Additionally, the Fund may invest its assets in derivatives, which are instruments that have a value derived from, or directly linked to, an underlying asset, such as equity securities, fixed-income securities, commodities, currencies, interest rates, or market indices. In particular, the Fund may use futures, including Treasury bond futures, to manage portfolio risk, duration and yield curve exposure. The Fund may also use index credit default swaps for hedging purposes (to offset risks associated with an investment exposure, or market conditions), to increase or decrease the Fund s exposure to a particular market to manage or adjust the risk profile of the Fund relative to its benchmark index, and to earn income, enhance returns, or preserve capital. The Fund s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the securities in which the Fund may directly invest. The Fund may also invest in floating rate obligations, such as collateralized loan obligations, floating rate senior secured syndicated bank loans, floating rate unsecured loans, and other floating rate bonds, loans and notes. Floating rate obligations feature rates that reset regularly, maintaining a fixed spread over the London InterBank Offered Rate ( LIBOR ) or the prime rates of large money-center banks. The interest rates on floating rate obligations typically reset quarterly, although rates on some obligations may adjust at other intervals. In addition to considering economic factors such as the effect of interest rates on the Fund s investments, the portfolio managers apply a bottom up approach in choosing investments. This means that the portfolio managers look at income-producing securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund s investment policies. The portfolio managers additionally consider the expected risk-adjusted return on a particular investment and the Fund s overall risk allocations and volatility. The Fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its total assets as determined at the time of the loan origination.

Net Asset Value

as of 5:58 PM ET 01/14/2022


  • 1 Week
  • -0.27%
  • 1 Month
  • -1.71%
  • 3 Months
  • -1.71%
  • 1 Yr Return
  • -3.45%
  • 5 Yr Return
  • +5.82%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 98.77%
Cash 11.79%
Preferred 0.09%
Stocks 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -10.65%
Total Net Assets 138.91 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.53 0.17 0.29
Beta 1.16 1.07 1.00
R Squared 0.76 0.77 0.79
Std Deviation 4.38 3.69 3.31
Sharpe Ratio 1.19 0.78 n/a

Purchase Information

as of 5:55 PM ET 01/13/2022
Minimum Initial $2500
Minimum Additional $0
Minimum Initial IRA $500


Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • -1.03%
  • -1.03%
-1.03% -1.03%
3 Year
  • +6.08%
  • +6.08%
+6.08% +6.08%
10 Year
  • +3.42%
  • +3.42%
+3.42% +3.42%
Life Of Fund
  • +4.40%
  • +4.40%
+4.40% +4.40%

Top 10 Holdings

Symbol Company Name % Of Assets

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