This fund partially dodged market volatility by leaning on fixed income in 2022

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Janus Henderson Balanced was boosted by its tilt toward bonds, the portfolio manager said.

2022 was a bumpy year in the markets, even for portfolio mangers who purposefully went out of their way to avoid turmoil. But the Janus Henderson Investors' Balanced Fund has been able to shield itself from at least part of the year's volatility by reducing exposure to equities and leaning more on fixed income.

In early 2020, Janus Henderson lowered the fund's equity allocation, but quickly added exposure again as the market improved. Microsoft , which Buckley characterizes as a "core growth" stock, made up the largest share of the fund as of Nov. 30, at 4.4%. The top 10 holdings comprised nearly 23% of fund assets . Within fixed income, Buckley said the fund has been more conservative by reducing exposure to corporate credit.

 

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