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Trending ETFs

Janus Henderson High-Yield Fund

mutual fund
JHYRX
Payout Change
Pending
Price as of:
$7.41 -0.01 -0.13%
primary theme
High Yield Bond
share class
T (JAHYX) I (JHYFX) N (JHYNX) D (JNHYX) A (JHYAX) R (JHYRX) S (JDHYX) C (JDHCX)
JHYRX (Mutual Fund)

Janus Henderson High-Yield Fund

Payout Change
Pending
Price as of:
$7.41 -0.01 -0.13%
primary theme
High Yield Bond
share class
T (JAHYX) I (JHYFX) N (JHYNX) D (JNHYX) A (JHYAX) R (JHYRX) S (JDHYX) C (JDHCX)
JHYRX (Mutual Fund)

Janus Henderson High-Yield Fund

Payout Change
Pending
Price as of:
$7.41 -0.01 -0.13%
primary theme
High Yield Bond
share class
T (JAHYX) I (JHYFX) N (JHYNX) D (JNHYX) A (JHYAX) R (JHYRX) S (JDHYX) C (JDHCX)

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Janus Henderson High-Yield Fund

JHYRX | Fund

$7.41

$762 M

7.20%

$0.53

1.46%

Vitals

YTD Return

9.1%

1 yr return

11.9%

3 Yr Avg Return

0.9%

5 Yr Avg Return

2.5%

Net Assets

$762 M

Holdings in Top 10

16.6%

52 WEEK LOW AND HIGH

$7.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 120.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Janus Henderson High-Yield Fund

JHYRX | Fund

$7.41

$762 M

7.20%

$0.53

1.46%

JHYRX - Profile

Distributions

  • YTD Total Return 9.1%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.20%
DIVIDENDS
  • Dividend Yield 7.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Janus Henderson High-Yield Fund
  • Fund Family Name
    Janus Henderson Funds
  • Inception Date
    Dec 29, 1995
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Seth Meyer

Fund Description

The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in high-yield securities rated below investment grade (also known as “junk” bonds). Securities rated below investment grade may include their unrated equivalents or other high-yielding securities portfolio management believes offer attractive risk/return characteristics. The Fund may at times invest all of its assets in such securities. The Fund may also invest in money market instruments and foreign debt securities. The Fund may also invest in floating rate obligations, such as collateralized loan obligations, floating rate senior secured syndicated bank loans, floating rate unsecured loans, and other floating rate bonds, loans and notes. The Fund may also invest in securities that have contractual restrictions that prohibit or limit their public resale, which may include Rule 144A securities.Additionally, the Fund may invest its assets in derivatives. Derivative instruments have a value derived from, or directly linked to, an underlying asset, such as fixed-income securities, commodities, currencies, interest rates, or market indices. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the securities in which the Fund may directly invest. In particular, the Fund may invest in swaps, including index credit default swaps, to increase or decrease the Fund’s exposure to a particular market.Portfolio management’s investment process is research-driven, incorporating“top-down”and “bottom-up” factors to identify and manage exposure to risks across sectors,industries, and individual investments. Portfolio management evaluates expected risk-adjusted returns on a portfolio and position level by analyzing fundamentals,valuations, and market technical indicators.This research encompasses both traditional fundamental analysis and data driven quantitative models and signals from such models.As part of its investment process, portfolio management considers environmental, social, and governance (“ESG”) risks and opportunities (“ESG Factors”) that it believes are financially material, alongside other fundamental investment factors. Examples of potential financially material ESG Factors include corporate governance, company culture, exposure to climate change, and human capital management. To assess ESG Factors, portfolio management uses issuer reports, third-party data, and internally-generated analyses and may engage directly with issuers. ESG Factors are one of many considerations in the investment decision-making process and may not be determinative in deciding to include or exclude an investment from the portfolio.The Fund may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions, in an amount equal to up to one-third of its total assets as determined at the time of the loan origination.
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JHYRX - Performance

Return Ranking - Trailing

Period JHYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.1% -7.5% 18.1% 33.50%
1 Yr 11.9% -4.6% 18.6% 35.30%
3 Yr 0.9%* -14.4% 21.6% 91.83%
5 Yr 2.5%* -11.4% 37.2% 90.39%
10 Yr 3.7%* -4.7% 20.4% 72.75%

* Annualized

Return Ranking - Calendar

Period JHYRX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -4.7% 14.3% 66.07%
2022 -19.4% -33.4% 3.6% 93.38%
2021 0.8% -8.4% 8.2% 26.46%
2020 0.0% -13.2% 302.7% 48.32%
2019 9.4% -4.4% 13.3% 13.30%

Total Return Ranking - Trailing

Period JHYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.1% -7.5% 18.1% 33.50%
1 Yr 11.9% -4.6% 18.6% 35.30%
3 Yr 0.9%* -14.4% 21.6% 91.83%
5 Yr 2.5%* -11.4% 37.2% 90.39%
10 Yr 3.7%* -4.7% 20.4% 72.75%

* Annualized

Total Return Ranking - Calendar

Period JHYRX Return Category Return Low Category Return High Rank in Category (%)
2023 11.5% -4.7% 18.7% 66.39%
2022 -15.2% -33.4% 47.8% 94.37%
2021 5.2% -8.4% 12.4% 46.22%
2020 5.3% -9.6% 325.6% 54.69%
2019 15.2% -3.8% 19.4% 20.22%

NAV & Total Return History

JHYRX - Holdings

Concentration Analysis

JHYRX Category Low Category High JHYRX % Rank
Net Assets 762 M 3.13 M 25.3 B 42.32%
Number of Holdings 176 2 4432 83.42%
Net Assets in Top 10 109 M -492 M 6.67 B 45.32%
Weighting of Top 10 16.56% 4.2% 146.0% 32.02%

Top 10 Holdings

  1. Janus Henderson Cash Liquidity Fund LLC 3.39%
  2. FIP 10.5 06/01/27 144A 1.97%
  3. ATSG 4.75 02/01/28 144A 1.67%
  4. BMCAUS 3.375 01/15/31 144A 1.54%
  5. RGCARE 10 06/01/32 144A 1.48%
  6. TEP 6 09/01/31 144A 1.47%
  7. HEARTL 10.5 04/30/28 144A 1.36%
  8. FMGAU 4.375 04/01/31 144A 1.26%
  9. OGN 5.125 04/30/31 144A 1.21%
  10. TIBX 6.5 03/31/29 144A 1.21%

Asset Allocation

Weighting Return Low Return High JHYRX % Rank
Bonds 		91.21% 0.00% 145.36% 82.19%
Stocks 		6.66% 0.00% 97.54% 7.68%
Convertible Bonds 		2.19% 0.00% 17.89% 19.21%
Other 		1.76% -39.08% 99.23% 11.00%
Preferred Stocks 		0.79% 0.00% 4.97% 10.51%
Cash 		0.20% -52.00% 48.02% 95.89%

Stock Sector Breakdown

Weighting Return Low Return High JHYRX % Rank
Consumer Cyclical 		36.63% 0.00% 100.00% 6.53%
Technology 		33.17% 0.00% 33.17% 2.08%
Basic Materials 		25.82% 0.00% 100.00% 3.56%
Communication Services 		4.38% 0.00% 99.99% 45.40%
Utilities 		0.00% 0.00% 100.00% 70.03%
Real Estate 		0.00% 0.00% 86.71% 69.14%
Industrials 		0.00% 0.00% 93.12% 73.29%
Healthcare 		0.00% 0.00% 22.17% 66.47%
Financial Services 		0.00% 0.00% 100.00% 72.40%
Energy 		0.00% 0.00% 100.00% 91.10%
Consumer Defense 		0.00% 0.00% 100.00% 68.25%

Stock Geographic Breakdown

Weighting Return Low Return High JHYRX % Rank
US 		6.66% 0.00% 97.54% 7.72%
Non US 		0.00% -0.01% 0.83% 66.83%

Bond Sector Breakdown

Weighting Return Low Return High JHYRX % Rank
Corporate 		93.73% 0.00% 100.00% 59.38%
Securitized 		1.27% 0.00% 97.24% 22.70%
Cash & Equivalents 		0.20% 0.00% 48.02% 88.34%
Municipal 		0.00% 0.00% 1.17% 61.51%
Government 		0.00% 0.00% 99.07% 72.04%
Derivative 		-0.09% -14.58% 42.26% 96.06%

Bond Geographic Breakdown

Weighting Return Low Return High JHYRX % Rank
US 		91.21% 0.00% 126.57% 65.85%
Non US 		0.00% 0.00% 96.91% 76.52%

JHYRX - Expenses

Operational Fees

JHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.46% 0.02% 38.33% 22.95%
Management Fee 0.59% 0.00% 1.75% 60.88%
12b-1 Fee 0.50% 0.00% 1.00% 65.45%
Administrative Fee 0.25% 0.00% 0.50% 89.19%

Sales Fees

JHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 45.92%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 120.00% 1.00% 255.00% 94.79%

JHYRX - Distributions

Dividend Yield Analysis

JHYRX Category Low Category High JHYRX % Rank
Dividend Yield 7.20% 0.00% 11.76% 60.52%

Dividend Distribution Analysis

JHYRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

JHYRX Category Low Category High JHYRX % Rank
Net Income Ratio 4.20% -2.39% 9.30% 59.87%

Capital Gain Distribution Analysis

JHYRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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JHYRX - Fund Manager Analysis

Managers

Seth Meyer

Start Date

Tenure

Tenure Rank

Dec 31, 2015

6.42

6.4%

"Seth Meyer is a Portfolio Manager at Janus Henderson Investors responsible for co-managing the High Yield, Global High Yield, Multi-Sector Credit and Short Duration High Yield strategies. He also has co-managed the fixed income portion of the Perkins Value Plus Income strategy since 2018. Seth was promoted to assistant portfolio manager supporting primarily the High Yield and Short Duration High Yield strategies in 2012. He joined Janus in 2004 as a product manager covering a variety of equity and fixed income strategies before becoming a credit analyst. Prior to Janus, he was a consultant relations manager at OppenheimerFunds. Seth received his bachelor of science degree in business administration with a concentration in finance from the University of Colorado. He holds the Chartered Financial Analyst designation and has 21 years of financial industry experience."

Brent Olson

Start Date

Tenure

Tenure Rank

Jun 28, 2019

2.93

2.9%

Brent Olson is a Portfolio Manager and Credit Analyst at Janus Henderson Investors. Brent rejoined Janus Henderson in 2017. Prior to this, he was a lead portfolio manager at Scout Investments on a growth equity strategy that emphasised fixed income metrics and credit data points to select stocks. Before Scout, he oversaw high-yield and leveraged equity research as well as managed fixed income products at Three Peaks Capital Management from 2005 until 2013. From 2000 until 2004, he was an investment analyst at Invesco Funds Group. He started his financial career in 1997 as a credit analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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