- Business
- Janus Henderson Flexible Bond Fund - T Shares (JAFIX) is an open-end mutual fund that seeks maximum total return, consistent with preservation of capital, by investing primarily in a diversified portfolio of fixed income securities. The fund allocates at least 80% of its net assets to bonds, including investment-grade corporate bonds, U.S. agency mortgage-backed securities, asset-backed securities, government securities, commercial mortgage-backed securities, and high-yield bonds limited to 35% of net assets; its portfolio emphasizes U.S. bonds (88.85%), non-U.S. bonds (7.90%), and cash equivalents (3.26%), with top sectors comprising corporate bonds (25.09%), agency mortgage-backed (24.37%), and asset-backed securities (14.43%). Managed by a team led by Michael Keough (since 2015), Greg Wilensky (since 2020), and John Lloyd (since June 2024), the fund follows a research-driven process with strategic asset allocation, sector rotation, and security selection to exploit market inefficiencies across fixed income sectors; it is domiciled in the United States, available for sale to U.S. investors, with total net assets of $2.72 billion, a net expense ratio of 0.65%, and a minimum initial investment of $2,500.
Janus Henderson Flexible Bond Fund - T Shares operates within the intermediate core-plus bond category, targeting institutional and retail investors seeking flexible fixed income exposure with moderate credit quality and interest-rate sensitivity. Launched on July 7, 1987, the fund is offered by Janus Henderson Investors, a global asset manager founded through the 2017 merger of Janus Capital (established 1969 in Denver, Colorado) and Henderson Investors (roots in 1934 in London), headquartered at 151 Detroit Street, Denver, Colorado, with significant operations in the U.S., U.K., and globally.
In recent developments, Janus Henderson Investors, the fund's sponsor, announced in October 2025 a definitive agreement to acquire a majority stake in Victory Park Capital Advisors, a global private credit manager specializing in asset-backed lending, to expand private credit capabilities and complement its securitized credit franchise; the deal, structured with cash and stock, is expected to be neutral to accretive to earnings per share in 2025. Earlier, in 2024, the firm entered a strategic partnership with NBK Wealth to form an emerging markets private capital division and pursued acquisitions in ETFs and emerging markets to meet client demand. Additionally, the fund added John Lloyd as co-portfolio manager in June 2024, and announced changes to its ETF lineup in July 2025, including a planned liquidation of one fund effective October 2025.