Morningstar® Investment Profile™   Morningstar®
Disclosure
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for Print
Janus Henderson VIT Flexible Bond Instl  JAFLX
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 568
Intermediate Core-Plus Bond Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
591.23
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to obtain maximum total return, consistent with preservation of capital.
The Portfolio 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. The Portfolio’s average portfolio duration may normally range from 3 years to 7 years. The Portfolio will limit its investment in high-yield/high-risk bonds (also known as “junk” bonds) to 35% or less of its net assets.
  Morningstar Category: Intermediate Core-Plus Bond
Intermediate-term core-plus bond portfolios invest primarily in investment-grade U.S. fixed-income issues including government, corporate, and securitized debt, but generally have greater flexibility than core offerings to hold non-core sectors such as corporate high yield, bank loan, emerging-markets debt, and non-U.S. currency exposures. Their durations (a measure of interest-rate sensitivity) typically range between 75% and 125% of the three-year average of the effective duration of the Morningstar Core Bond Index. 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 0.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 88.0
Bullet Cash Cash 9.7
Bullet Other Other 2.3
Asset Allocation Rescaled Graph
Data through 2022-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 31.99
Corporate 23.53
Securitized 34.76
Municipal 0.00
Cash & Equivalents 9.71
Other 0.00
Data through 2022-03-31
Credit Analysis
% Bonds
AAA 61.39
AA 1.57
A 7.43
BBB 15.97
BB 6.57
B 0.82
Below B 0.00
Not Rated 6.25
Data through 2022-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 448
% of Net Assets in Top 10 Holdings 27.82
Turnover % (as of 2021-12-31) 160.00
30 Day SEC Yield % 2.22
Top Holdings
Maturity
Date
Shares
Value
$000
% of Net
Assets
United States Treasury Notes 1.25% 2026-12-31 44,719 42,251 6.18
United States Treasury Notes 1.875% 2032-02-15 40,520 38,912 5.69
United States Treasury Notes 1.5% 2027-01-31 25,838 24,691 3.61
United States Treasury Bonds 1.75% 2041-08-15 17,069 14,794 2.16
United States Treasury Bonds 1.875% 2051-11-15 16,191 14,203 2.08
Federal National Mortgage Association 3.5% 2048-08-25 13,726 13,745 2.01
Federal National Mortgage Association 2.5% 2049-08-25 13,516 12,891 1.88
United States Treasury Notes 0.875% 2026-09-30 10,731 9,988 1.46
United States Treasury Bonds 1.375% 2050-08-15 12,315 9,478 1.39
United States Treasury Notes 1.125% 2028-08-31 10,098 9,303 1.36
Data through 2022-03-31
  Principal Risks   
Lending, Short Sale, Foreign Securities, Loss of Money, Not FDIC Insured, Active Management, High Portfolio Turnover, Market/Market Volatility, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Restricted/Illiquid Securities, Derivatives, Fixed-Income Securities, Sovereign Debt, Variable-Rate Securities
Show Risk Definitions
  Other Information
Inception Date: 1993-09-13
Portfolio Manager(s)
Greg J. Wilensky   (2020-02-01)
Greg Wilensky, CFA Head of U.S. Fixed Income | Portfolio Manager Greg Wilensky is Head of U.S. Fixed Income and Portfolio Manager at Janus Henderson Investors, a position he has held since 2020. He is responsible for co-managing the Core Plus and Short Duration strategies and co-manages the fixed income portion of the Balanced strategy, all since 2020. Prior to joining the firm, Mr. Wilensky served as senior vice president, director of the U.S. multi-sector fixed income team and held several director and portfolio manager positions that spanned short duration, inflation-protected fixed income, securitized assets and multi-asset strategies at AllianceBernstein from 1996 to 2019. Prior to that, he was a treasury manager – corporate finance at AT&T Corp. from 1993 to 1996. Mr. Wilensky received his bachelor of science degree in business administration from Washington University, graduating magna cum laude. He also earned an MBA with high honors from the University of Chicago. Mr. Wilensky holds the Chartered Financial Analyst designation and has 27 years of financial industry experience.
Michael Keough   (2015-12-31)
Michael Keough is a Portfolio Manager at Janus Henderson Investors, responsible for co-managing the Core Plus, U.S. Corporate Credit, Intermediate Fixed Income, and Long Duration strategies. Mr. Keough joined Janus as a research analyst in January 2007. Prior to his investment management career, he served as a captain in the United States Air Force working as a defense acquisition officer. Mr. Keough received his bachelor of science degree in business management from the United States Air Force Academy, where he was recognized as a Distinguished Graduate in the management department.
Investment Advisor(s)
Janus Henderson Investors US LLC
Issuer
Janus Henderson
Subadvisor(s)
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Show Data Definitions

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