Janus Henderson Balanced Fund returned -4.90% and the S&P 500 Index returned -4.33%. The Bloomberg U.S. Aggregate Bond Index returned -0.05%. The Balanced Index returned -2.62%.
Asset allocation positioning and overall security selection detracted from relative performance. Stock selection in financials and overweight allocations to loans and securitized credit helped offset underperformance.
Despite near-term geopolitical uncertainty, we believe substantial technology infrastructure investment and artificial intelligence-driven productivity gains create a favorable economic backdrop.
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At a glance
Performance
The Fund (JDBAX) returned -4.90% and the S&P 500® Index returned -4.33%. The Bloomberg U.S. Aggregate Bond Index returned -0.05%. The Balanced Index returned -2.62%.
