Janus Henderson Balanced Fund Class T JABAX

Morningstar Medalist Rating
  • NAV / 1-Day Return$49.59  /  +0.71%
  • Fund Size$26.9B
  • Adjusted Expense Ratio0.820%
  • Net Expense Ratio0.810%
  • Fee Level: DistributionAverage
  • Share Class TypeNo Load
  • Morningstar CategoryModerate Allocation
  • Equity Style Box (Funds)Large Blend
  • Fixed-Income Style Box (Funds)Medium/Moderate
  • Investment StatusOpen
  • TTM Yield1.57%
  • Turnover Ratio75%

Morningstar’s Analysis JABAX

Will JABAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

Upcoming manager retirement; ratings unchanged

null Jason Kephart

Jason Kephart

Analyst Note

On July 24, 2026, Janus Henderson announced that Greg Wilensky, head of US fixed income and core plus strategies, will retire in June 2027. Wilensky has been a named manager on this fund since February 2020, and a direct replacement isn't expected to be named. His comanagers on this strategy, Jeremiah Buckley and Michael Keough, named here since 2015 and 2019, respectively, will continue in their roles. The trio has effectively worked together to manage this balanced fund, pairing Buckley's equity expertise with Keough and Wilensky's fixed-income experience to deliver strong long-term returns. Wilensky's experience will be missed, but Buckley and Keough's continued presence inspires confidence that the strategy can stay on track. It continues to earn an Above Average People rating.

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Portfolio Holdings JABAX

  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings30.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

5.862B
Technology

Microsoft Corp

4.491B
Technology

Alphabet Inc Class C

4.231B
Communication Services

United States Treasury Notes 4.375%

3.47963M
Government

Apple Inc

3.18882M
Technology

Amazon.com Inc

2.87797M
Consumer Cyclical

Janus Henderson Cash Liquidity Fund Llc Funds

2.80778M
Cash and Equivalents

Broadcom Inc

2.06572M
Technology

Micron Technology Inc

1.86517M
Technology

Eli Lilly and Co

1.43396M
Healthcare

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