Morningstar

Janus Henderson Balanced Fund Class I JBALX

Morningstar Medalist Rating
Medalist Rating as of | See Janus Henderson Investment Hub
  • NAV / 1-Day Return 49.49  /  +0.18 %
  • Total Assets 27.1B
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Moderate Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Status Open
  • TTM Yield 1.71%
  • Turnover 75%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis JBALX

Will JBALX outperform in the future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JBALX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the JBALX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of JBALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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.

by Jason Kephart
Published on

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Portfolio Holdings JBALX

More JBALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 30.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

5.80 2B
Technology

Microsoft Corp

4.39 1B
Technology

Alphabet Inc Class C

4.12 1B
Communication Services

United States Treasury Notes 4.375%

3.69 1B
Government

Janus Henderson Cash Liquidity Fund Llc Funds

3.33 943M
Cash and Equivalents

Apple Inc

2.99 846M
Technology

Amazon.com Inc

2.96 838M
Consumer Cyclical

Broadcom Inc

2.15 609M
Technology

Micron Technology Inc

1.66 470M
Technology

JPMorgan Chase & Co

1.43 406M
Financial Services

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