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Trending ETFs

Janus Henderson Short Duration Flexible Bond Fund

mutual fund
JNSTX
Payout Change
Pending
Price as of:
$2.86 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
JNSTX (Mutual Fund)

Janus Henderson Short Duration Flexible Bond Fund

Payout Change
Pending
Price as of:
$2.86 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
JNSTX (Mutual Fund)

Janus Henderson Short Duration Flexible Bond Fund

Payout Change
Pending
Price as of:
$2.86 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration

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

$2.86

$739 M

5.41%

$0.15

0.67%

Vitals

YTD Return

2.2%

1 yr return

6.3%

3 Yr Avg Return

0.5%

5 Yr Avg Return

1.6%

Net Assets

$739 M

Holdings in Top 10

19.6%

52 WEEK LOW AND HIGH

$2.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 112.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

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

$2.86

$739 M

5.41%

$0.15

0.67%

JNSTX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.68%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Janus Henderson Short Duration Flexible Bond Fund
  • Fund Family Name
    Janus Henderson Funds
  • Inception Date
    Sep 01, 1992
  • Shares Outstanding
    N/A
  • Share Class
    D
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Seth Meyer

Fund Description

The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in short- and intermediate-term securities such as corporate bonds or notes or government securities, including agency securities, commercial and residential mortgage-backed securities, and asset-backed securities. The Fund may invest in fixed and floating rate obligations with varying durations and credit risk transfer securities (“CRTs”). The Fund will invest at least 65% of its net assets in investment grade debt securities. The Fund may invest up to 35% of its net assets in high-yieldbonds (also known as “junk” bonds). The Fund’s investments in short-term securities may include money market instruments. The Fund may enter into “to be announced” or “TBA” commitments when purchasing mortgage-backed securities or other securities, and may also invest in inflation-linked securities, including Treasury Inflation-Protected Securities, also known as TIPS. The Fund may also invest in securities that have contractual restrictions that prohibit or limittheir public resale (these are known as “restricted securities”), which may include Rule 144A securities. The Fund may also invest in foreign securities. 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 average portfolio duration typically ranges between one and three years. As of June 30, 2023, the Fund’s average portfolio duration was 2.35 years.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. In particular, the Fund may use futures, including Treasury bond futures and interest rate swaps, to manage interest rate risk, yield curve positioning, and country exposure. The Fund may also use index credit default swaps for hedging purposes (to offset risks associated with an investment exposure, or market conditions), to increase or decrease the Fund’s exposure to a particular market, and to earn income, enhance returns, or preserve capital. 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. The Fund may engage in short sales of derivatives instruments.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.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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JNSTX - Performance

Return Ranking - Trailing

Period JNSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -85.4% 12.9% 31.30%
1 Yr 6.3% -84.9% 23.7% 24.86%
3 Yr 0.5%* -47.2% 4.4% 48.77%
5 Yr 1.6%* -31.1% 4.8% 45.53%
10 Yr 1.4%* -19.2% 169.9% 56.27%

* Annualized

Return Ranking - Calendar

Period JNSTX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -1.6% 7.6% 67.47%
2022 -7.2% -17.7% -2.6% 55.58%
2021 -1.6% -4.0% 4.4% 49.61%
2020 2.6% -7.1% 7.6% 27.54%
2019 1.7% -2.3% 9.3% 68.66%

Total Return Ranking - Trailing

Period JNSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -85.4% 12.9% 31.30%
1 Yr 6.3% -84.9% 23.7% 24.86%
3 Yr 0.5%* -47.2% 4.4% 48.77%
5 Yr 1.6%* -31.1% 4.8% 45.53%
10 Yr 1.4%* -19.2% 169.9% 56.27%

* Annualized

Total Return Ranking - Calendar

Period JNSTX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% 1.8% 15.2% 43.12%
2022 -5.2% -17.3% -1.3% 57.66%
2021 0.1% -2.7% 7.7% 43.36%
2020 4.9% -2.4% 14.5% 33.13%
2019 4.2% 0.6% 12.6% 67.63%

NAV & Total Return History


JNSTX - Holdings

Concentration Analysis

JNSTX Category Low Category High JNSTX % Rank
Net Assets 739 M 14.5 K 57.3 B 59.44%
Number of Holdings 386 2 9251 52.41%
Net Assets in Top 10 144 M 993 K 6.33 B 62.41%
Weighting of Top 10 19.62% 2.1% 103.0% 65.37%

Top 10 Holdings

  1. United States Treasury Note/Bond 8.20%
  2. United States Treasury Note/Bond 2.12%
  3. Centene Corp 1.79%
  4. CF Hippolyta Issuer LLC 2022-1A A1 1.67%
  5. Janus Henderson Cash Liquidity Fund 1.41%
  6. JPMorgan Chase Co 0.91%
  7. Danske Bank A/S 0.90%
  8. Bank of America NA 0.89%
  9. Charles Schwab Corp 0.88%
  10. Celanese US Holdings LLC 0.85%

Asset Allocation

Weighting Return Low Return High JNSTX % Rank
Bonds
67.61% 0.00% 131.18% 82.96%
Other
31.25% -0.97% 69.02% 5.56%
Convertible Bonds
2.07% 0.00% 27.71% 54.17%
Stocks
1.63% 0.00% 99.97% 13.52%
Cash
0.06% -20.59% 55.85% 92.04%
Preferred Stocks
0.00% 0.00% 22.27% 26.85%

Stock Sector Breakdown

Weighting Return Low Return High JNSTX % Rank
Utilities
0.00% 0.00% 81.48% N/A
Technology
0.00% 0.00% 24.45% N/A
Real Estate
0.00% 0.00% 8.31% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 23.11% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 65.64% N/A
Consumer Defense
0.00% 0.00% 21.37% N/A
Consumer Cyclical
0.00% 0.00% 10.75% N/A
Basic Materials
0.00% 0.00% 22.71% N/A

Stock Geographic Breakdown

Weighting Return Low Return High JNSTX % Rank
US
1.63% 0.00% 99.97% 13.52%
Non US
0.00% 0.00% 0.01% 12.04%

Bond Sector Breakdown

Weighting Return Low Return High JNSTX % Rank
Securitized
34.82% 0.00% 97.27% 28.76%
Corporate
32.31% 0.00% 100.00% 63.45%
Government
27.60% 0.00% 73.63% 33.58%
Cash & Equivalents
0.06% 0.00% 55.85% 82.41%
Municipal
0.00% 0.00% 17.46% 58.63%
Derivative
-0.11% -0.33% 28.01% 92.04%

Bond Geographic Breakdown

Weighting Return Low Return High JNSTX % Rank
US
67.61% 0.00% 130.36% 81.30%
Non US
0.00% 0.00% 82.77% 26.67%

JNSTX - Expenses

Operational Fees

JNSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.01% 3.24% 50.93%
Management Fee 0.44% 0.00% 1.19% 81.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.12% 0.01% 0.41% 70.98%

Sales Fees

JNSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

JNSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

JNSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 112.00% 2.00% 500.00% 68.57%

JNSTX - Distributions

Dividend Yield Analysis

JNSTX Category Low Category High JNSTX % Rank
Dividend Yield 5.41% 0.00% 11.11% 16.85%

Dividend Distribution Analysis

JNSTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

JNSTX Category Low Category High JNSTX % Rank
Net Income Ratio 1.68% -1.27% 4.98% 20.45%

Capital Gain Distribution Analysis

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

Distributions History

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JNSTX - Fund Manager Analysis

Managers

Seth Meyer


Start Date

Tenure

Tenure Rank

Dec 03, 2019

2.49

2.5%

"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."

Michael Keough


Start Date

Tenure

Tenure Rank

Dec 03, 2019

2.49

2.5%

Michael Keough is a Portfolio Manager at Janus Henderson Investors, responsible for co-managing the Core Plus, U.S. Corporate Credit, Intermediate Fixed Income, and Long Duration strategies. Mr. Keough joined Janus as a research analyst in January 2007. Prior to his investment management career, he served as a captain in the United States Air Force working as a defense acquisition officer. Mr. Keough received his bachelor of science degree in business management from the United States Air Force Academy, where he was recognized as a Distinguished Graduate in the management department.

Greg Wilensky


Start Date

Tenure

Tenure Rank

Feb 01, 2020

2.33

2.3%

Greg Wilensky, CFA Head of U.S. Fixed Income | Portfolio Manager Greg Wilensky is Head of U.S. Fixed Income and Portfolio Manager at Janus Henderson Investors, a position he has held since 2020. He is responsible for co-managing the Core Plus and Short Duration strategies and co-manages the fixed income portion of the Balanced strategy, all since 2020. Prior to joining the firm, Mr. Wilensky served as senior vice president, director of the U.S. multi-sector fixed income team and held several director and portfolio manager positions that spanned short duration, inflation-protected fixed income, securitized assets and multi-asset strategies at AllianceBernstein from 1996 to 2019. Prior to that, he was a treasury manager – corporate finance at AT&T Corp. from 1993 to 1996. Mr. Wilensky received his bachelor of science degree in business administration from Washington University, graduating magna cum laude. He also earned an MBA with high honors from the University of Chicago. Mr. Wilensky holds the Chartered Financial Analyst designation and has 27 years of financial industry experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.18 2.41