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If investors are looking at the Allocation Balanced fund category, Janus Henderson Balanced T (JABAX) could be a potential option. JABAX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
Objective
JABAX is one of many Zacks' Allocation Balanced mutual funds to pick from. Allocation Balanced funds seek to invest in a balance of asset types, like stocks, bonds, and cash, though including precious metals or commodities is not unusual; these funds are mostly categorized by their respective asset allocation. Investors utilize Allocation Balanced funds as a way to get a good start with diversified mutual funds, as well as for core holdings in a portfolio of funds.
History of Fund/Manager
Janus Fund is responsible for JABAX, and the company is based out of Boston, MA. Since Janus Henderson Balanced T made its debut in November of 1992, JABAX has garnered more than $4.24 billion in assets. A team of investment professionals is the fund's current manager.
Performance
Investors naturally seek funds with strong performance. JABAX has a 5-year annualized total return of 10.37% and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 4.98%, which places it in the top third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, JABAX's standard deviation comes in at 12.19%, compared to the category average of 13.87%. Looking at the past 5 years, the fund's standard deviation is 11.78% compared to the category average of 15.05%. This makes the fund less volatile than its peers over the past half-decade.
Risk Factors
The fund has a 5-year beta of 0.68, so investors should note that it is hypothetically less volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. JABAX's 5-year performance has produced a negative alpha of -2.78, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.