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Trending ETFs

Janus Henderson Multi-Sector Income Fund

mutual fund
JMUIX
Payout Change
Pending
Price as of:
$8.57 +0.0 +0.0%
primary theme
Bond Sector Diversified
JMUIX (Mutual Fund)

Janus Henderson Multi-Sector Income Fund

Payout Change
Pending
Price as of:
$8.57 +0.0 +0.0%
primary theme
Bond Sector Diversified
JMUIX (Mutual Fund)

Janus Henderson Multi-Sector Income Fund

Payout Change
Pending
Price as of:
$8.57 +0.0 +0.0%
primary theme
Bond Sector Diversified

Name

As of 06/14/2024

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

$8.57

$3.67 B

7.37%

$0.63

0.72%

Vitals

YTD Return

3.4%

1 yr return

8.7%

3 Yr Avg Return

0.1%

5 Yr Avg Return

2.7%

Net Assets

$3.67 B

Holdings in Top 10

24.1%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 119.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$8.57

$3.67 B

7.37%

$0.63

0.72%

JMUIX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.13%
DIVIDENDS
  • Dividend Yield 7.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Janus Henderson Multi-Sector Income Fund
  • Fund Family Name
    Janus Henderson Funds
  • Inception Date
    Feb 28, 2014
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Seth Meyer

Fund Description

The Fund pursues its investment objective by primarily investing, under normal circumstances, in a multi-sector portfolio of U.S. and non-U.S. debt securities of varying maturities that portfolio management believes have high income potential relative to other fixed-income instruments available at a given point in time. Portfolio management may also consider the capital appreciation potential of certain investments. The Fund’s investment sectors include, but are not limited to: (i) government notes and bonds; (ii) corporate bonds, including high-yield bonds (also known as “junk” bonds); (iii) commercial loans; (iv) agency and non-agency commercial and residential mortgage-backed securities; (v) asset-backed securities; (vi) convertible securities and preferred stock; and (vii) emerging market debt. Portfolio management believes that by investing in multiple sectors that potentially have low correlation to each other, the Fund’s overall volatility may be reduced. The Fund may not have exposure to all of these investment sectors, and the Fund’s exposure to any one investment sector will vary over time. Due to the nature of the securities in which the Fund invests, it may have relatively high portfolio turnover compared to other funds.The Fund’s investments in below investment grade securities are limited to 65% of its net assets, but under unusual circumstances, such as when new issue allocations are higher than expected, this limit may be exceeded on a temporary basis.The Fund may invest up to 50% of its total assets in the commercial loans sector. Such investments may include bank loans, bridge loans, debtor-in-possession (“DIP”) loans, mezzanine loans, and other fixed and floating rate loans. Normally, the Fund’s exposure to the commercial loans sector will be approximately 15% of the Fund’s total assets. The Fund may invest in floating rate obligations, including collateralized loan obligations, credit risk transfer securities (“CRTs”), 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 money market instrumentsand zero-coupon bonds. The Fund may enter into “to be announced” or “TBA” commitments when purchasing mortgage-backed securities or other securities. The Fund may also invest in securities that have contractual restrictions that prohibit or limit their public resale (these are known as “restricted securities”), 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 equity securities, fixed-income securities, commodities, currencies, interest rates, or market indices. In particular, the Fund may use swaps, including index credit default swaps, commercial mortgage-backed securities index swaps, and single-name credit default swaps, forward currency exchange contracts, interest rate futures, and put and call options. The Fund may use derivatives for various investment purposes including for hedging purposes, such as to manage portfolio risk or currency risk, to enhance returns, or manage duration. The Fund’s exposure to derivatives will vary. The Fund may engage in short sales of derivatives instruments.In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, portfolio management applies a “bottom up” approach in choosing investments. This means that portfolio management looks at securities one at a time to determine if a security is an attractive investment opportunity and if it is consistent with the Fund’s investment policies. Portfolio management additionally considers the expected risk-adjusted return on a particular investment and the Fund’s overall risk allocations and volatility.The Fund may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions on a short-term or long-term basis, 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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JMUIX - Performance

Return Ranking - Trailing

Period JMUIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -7.7% 410.0% 22.88%
1 Yr 8.7% -11.0% 435.7% 24.09%
3 Yr 0.1%* -18.2% 72.2% 50.55%
5 Yr 2.7%* -13.9% 43.6% 31.55%
10 Yr 3.6%* -13.8% 6.5% 5.41%

* Annualized

Return Ranking - Calendar

Period JMUIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -12.0% 15.7% 41.99%
2022 -16.1% -31.8% 18.4% 76.93%
2021 -1.0% -26.6% 25.7% 38.40%
2020 0.5% -49.2% 18.7% 62.50%
2019 5.7% -35.1% 15.3% 36.59%

Total Return Ranking - Trailing

Period JMUIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -7.7% 410.0% 22.88%
1 Yr 8.7% -11.0% 435.7% 24.09%
3 Yr 0.1%* -18.2% 72.2% 50.55%
5 Yr 2.7%* -13.9% 43.6% 31.55%
10 Yr 3.6%* -13.8% 6.5% 5.41%

* Annualized

Total Return Ranking - Calendar

Period JMUIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.9% -7.0% 22.2% 12.69%
2022 -11.2% -31.8% 21.1% 67.49%
2021 3.4% -13.5% 49.9% 25.28%
2020 6.9% -28.6% 24.1% 35.24%
2019 12.2% -4.8% 19.1% 13.88%

NAV & Total Return History


JMUIX - Holdings

Concentration Analysis

JMUIX Category Low Category High JMUIX % Rank
Net Assets 3.67 B 2.53 M 143 B 15.73%
Number of Holdings 681 2 9868 36.28%
Net Assets in Top 10 925 M -204 M 70.2 B 20.58%
Weighting of Top 10 24.08% 5.1% 271.9% 59.45%

Top 10 Holdings

  1. Janus Henderson Cash Liquidity Fund 4.91%
  2. Fannie Mae 3.69%
  3. Fannie Mae 2.98%
  4. Ginnie Mae 2.34%
  5. Fannie Mae 2.29%
  6. Fannie Mae 2.05%
  7. Fannie Mae 1.85%
  8. Fannie Mae 1.67%
  9. Fannie Mae 1.47%
  10. Flagstar Mortgage Trust 2021-13IN A2 0.83%

Asset Allocation

Weighting Return Low Return High JMUIX % Rank
Bonds
82.15% 0.00% 215.76% 65.40%
Other
34.52% -66.66% 153.75% 5.34%
Stocks
5.47% -4.18% 99.84% 22.10%
Convertible Bonds
1.24% 0.00% 33.50% 48.98%
Preferred Stocks
0.09% 0.00% 28.28% 34.15%
Cash
0.07% -94.66% 100.00% 92.99%

Stock Sector Breakdown

Weighting Return Low Return High JMUIX % Rank
Industrials
40.51% 0.00% 100.00% 4.51%
Consumer Cyclical
33.03% 0.00% 89.95% 2.54%
Technology
26.46% 0.00% 28.30% 1.41%
Utilities
0.00% 0.00% 100.00% 58.31%
Real Estate
0.00% 0.00% 100.00% 56.62%
Healthcare
0.00% 0.00% 18.60% 52.11%
Financial Services
0.00% 0.00% 100.00% 66.20%
Energy
0.00% 0.00% 100.00% 80.28%
Communication Services
0.00% 0.00% 100.00% 58.59%
Consumer Defense
0.00% 0.00% 99.97% 51.55%
Basic Materials
0.00% 0.00% 100.00% 53.52%

Stock Geographic Breakdown

Weighting Return Low Return High JMUIX % Rank
US
5.47% -4.11% 99.84% 21.65%
Non US
0.00% -0.07% 17.73% 37.80%

Bond Sector Breakdown

Weighting Return Low Return High JMUIX % Rank
Securitized
62.56% 0.00% 99.65% 10.06%
Corporate
34.40% 0.00% 96.66% 52.36%
Derivative
0.08% -66.66% 153.75% 37.31%
Cash & Equivalents
0.07% 0.00% 99.66% 88.69%
Municipal
0.00% 0.00% 54.26% 49.53%
Government
0.00% 0.00% 99.43% 87.89%

Bond Geographic Breakdown

Weighting Return Low Return High JMUIX % Rank
US
77.92% 0.00% 215.76% 52.44%
Non US
4.24% 0.00% 69.85% 42.23%

JMUIX - Expenses

Operational Fees

JMUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.03% 20.67% 81.00%
Management Fee 0.56% 0.00% 2.29% 40.54%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

JMUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JMUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

JMUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 119.00% 0.00% 632.00% 72.74%

JMUIX - Distributions

Dividend Yield Analysis

JMUIX Category Low Category High JMUIX % Rank
Dividend Yield 7.37% 0.00% 23.30% 17.07%

Dividend Distribution Analysis

JMUIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Quarterly

Net Income Ratio Analysis

JMUIX Category Low Category High JMUIX % Rank
Net Income Ratio 4.13% -1.55% 11.51% 16.56%

Capital Gain Distribution Analysis

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

Distributions History

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JMUIX - Fund Manager Analysis

Managers

Seth Meyer


Start Date

Tenure

Tenure Rank

Feb 28, 2014

8.26

8.3%

"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."

John Lloyd


Start Date

Tenure

Tenure Rank

Feb 28, 2014

8.26

8.3%

John Lloyd is Co-Head of Global Credit Research of Janus Henderson Investors. He is Executive Vice President and Co-Portfolio Manager of Janus Henderson Multi-Sector Income Fund, which he has co-managed since February 2014. Mr. Lloyd is also Portfolio Manager of other Janus Henderson accounts and performs duties as an analyst. He joined Janus Capital as a research analyst in January 2005. Mr. Lloyd holds a Bachelor of Arts degree in Economics from the University of Michigan and a Master of Business Administration degree from the Tuck School of Business at Dartmouth College.

John Kerschner


Start Date

Tenure

Tenure Rank

Feb 28, 2014

8.26

8.3%

John Kerschner, CFA, is Head of U.S. Securitized Products of Janus Henderson Investors. He also performs duties as a fixed-income analyst. Mr. Kerschner joined Janus Capital in December 2010. Prior to joining Janus Capital, Mr. Kerschner was director of portfolio management at BBW Capital Advisors from 2009-2010 and the Global Head of Credit Investing for Woodbourne Investment Management from 2007-2009.Kerschner is a senior portfolio manager with Smith Breeden. Kerschner joined Smith Breeden in 1994. Mr. Kerschner holds a Bachelor of Science degree (cum laude) in Biology from Yale University and a Master of Business Administration degree from the Fuqua School of Finance at Duke University, where he was designated a Fuqua Scholar. Kerschner holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19