Morningstar® Investment Profile™   Morningstar®
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Janus Henderson VIT Flexible Bond Instl  JAFLX
Release date as of 2024-10-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-10-31
Out of 529
Intermediate Core-Plus Bond Funds
Morningstar®
Style Box™
What is this?
As of 2024-08-31
Total Fund Assets ($ Mil)
625.41
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 94.0
Bullet Cash Cash 5.4
Bullet Other Other 0.7
Asset Allocation Rescaled Graph
Data through 2024-08-31
Morningstar Fixed-Income Sectors
% Fund
Government 12.30
Corporate 30.77
Securitized 51.55
Municipal 0.00
Cash & Equivalents 5.38
Derivative 0.00
Data through 2024-08-31
Credit Analysis
% Bonds
AAA 31.07
AA 26.24
A 9.23
BBB 20.64
BB 5.75
B 0.90
Below B 0.00
Not Rated 6.18
Data through 2024-08-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 657
% of Net Assets in Top 10 Holdings 14.39
Turnover % (as of 2023-12-31) 203.00
30 Day SEC Yield % 4.87
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
United States Treasury Notes 4% 2029-07-31 24,997 25,292 3.92
United States Treasury Notes 3.875% 2034-08-15 17,434 17,371 2.69
United States Treasury Bonds 4.125% 2044-08-15 15,191 14,823 2.30
United States Treasury Bonds 4.625% 2054-05-15 9,281 9,919 1.54
Government National Mortgage Association --- 5,936 5,524 0.86
United States Treasury Notes 4.625% 2026-06-30 4,122 4,167 0.65
United States Treasury Notes 4.125% 2031-07-31 4,001 4,076 0.63
Government National Mortgage Association --- 4,644 4,059 0.63
Fnma Pass-Thru I 2.5% 2052-02-01 4,397 3,800 0.59
United States Treasury Notes 3.75% 2027-08-15 3,731 3,727 0.58
Data through 2024-08-31
  Principal Risks   
Lending, Short Sale, Foreign Securities, Loss of Money, Not FDIC Insured, Active Management, High Portfolio Turnover, Interest Rate, Market/Market Volatility, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Restricted/Illiquid Securities, Derivatives, Fixed-Income Securities, Sovereign Debt, Regulation/Government Intervention
Show Risk Definitions
  Other Information
Inception Date: 1993-09-13
Portfolio Manager(s)
Greg J. Wilensky   (2020-02-01)
Greg Wilensky is Head of US Fixed Income and a portfolio manager at Janus Henderson Investors, a position he has held since 2020. Prior to joining the firm, Greg served as senior vice president, director of the US multi-sector fixed income team and held several director and portfolio manager positions that spanned short duration, inflation-protected fixed income, securitised 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. Greg received his bachelor of science degree in business administration from Washington University, graduating magna cum laude. He also earned an MBA with high honours from the University of Chicago. Greg holds the Chartered Financial Analyst designation and has 31 years of financial industry experience.
John Lloyd   (2024-06-01)
"John Lloyd is Co-Head of Global Credit Research and a Portfolio Manager at Janus Henderson Investors responsible for managing the Multi-Sector Income strategy. He has held these positions since 2009 and 2014, respectively. He also has co-managed the fixed income portion of the Perkins Value Plus Income strategy since 2018. He joined Janus as a research analyst in 2005. Prior to that, he worked as a private equity associate at H.I.G. Capital in Miami and at Willis Stein & Partners in Chicago. Earlier in his career, he was an investment banking analyst for Deutsche Banc Alex. Brown. John received his bachelor of arts degree in economics from the University of Michigan and his MBA from Dartmouth College, Tuck School of Business. He has 21 years of financial industry experience."
Michael Keough   (2015-12-31)
Michael Keough is a Portfolio Manager on the Corporate Credit and US Fixed Income teams at Janus Henderson Investors. He joined Janus as a research analyst in 2007. Prior to his investment management career, he served as a captain in the United States Air Force working as a defense acquisition officer. Michael received his bachelor of science degree in business management from the United States Air Force Academy, where he was recognised as a Distinguished Graduate in the management department. He has 18 years of financial industry experience.
Investment Advisor(s)
Janus Henderson Investors US LLC
Issuer
Janus Henderson
Subadvisor(s)
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Show Data Definitions

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