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Trending ETFs

Janus Henderson Absolute Return Income Opportunities Fund

mutual fund
JUCTX
Payout Change
Pending
Price as of:
$8.85 +0.0 +0.0%
primary theme
Bond Sector Diversified
JUCTX (Mutual Fund)

Janus Henderson Absolute Return Income Opportunities Fund

Payout Change
Pending
Price as of:
$8.85 +0.0 +0.0%
primary theme
Bond Sector Diversified
JUCTX (Mutual Fund)

Janus Henderson Absolute Return Income Opportunities Fund

Payout Change
Pending
Price as of:
$8.85 +0.0 +0.0%
primary theme
Bond Sector Diversified

Name

As of 06/21/2024

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

$8.85

$54.1 M

5.08%

$0.45

1.44%

Vitals

YTD Return

2.4%

1 yr return

6.5%

3 Yr Avg Return

2.2%

5 Yr Avg Return

2.2%

Net Assets

$54.1 M

Holdings in Top 10

27.2%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.44%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 47.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$8.85

$54.1 M

5.08%

$0.45

1.44%

JUCTX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.25%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Janus Henderson Absolute Return Income Opportunities Fund
  • Fund Family Name
    Janus Henderson Funds
  • Inception Date
    May 27, 2014
  • Shares Outstanding
    N/A
  • Share Class
    T
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jason England

Fund Description

The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. For purposes of this 80% policy, the term bonds refers to a variety of fixed-income securities and instruments, and includes, but is not limited to, such investments as government notes and bonds, corporate bonds, convertible securities, commercial paper, commercial and residential mortgage-backed securities, asset-backed securities, collateralized loan obligations, fixed rate notes, floating rate securities, and derivatives such as forwards, swap agreements, futures contracts, and options that provide exposure to various fixed-income instruments (“Fixed-Income Instruments”). The Fund may invest a significant portion of its assets in certain types of Fixed-Income Instruments, including mortgage-backed securities. In pursuing its investment objective, the Fund will have exposure to investments that are economically tied to a number of countries throughout the world.The Fund employs an “absolute return” strategy, which means that the Fund benchmarks itself to an index of cash instruments, rather than a fixed-income index. In pursuing this strategy, the Fund seeks to achieve positive returns that exceed its benchmark index in a variety of market environments. The Fund seeks value across sectors and geographies using a wide range of instruments to capitalize on investment opportunities to maximize current income, while at the same time seeking to provide low volatility. The Fund seeks to take advantage of market mispricings and dislocations caused by structural inefficiencies in the fixed-income market. For example, portfolio management may favor investments in smaller countries or regions that tend to be underrepresented in fixed-income indices that are more heavily focused on the United States or other larger regions globally. A position may be sold if it reaches its total return target, if the investment thesis for owning it changes, or to limit potential losses.The Fund’s average portfolio duration may range from negative two years to plus four years. As of June 30, 2023, the Fund’s average portfolio duration was 1.25 years. The Fund may invest in securities of varying maturities, although the Fund’s average portfolio maturity is generally less than five years. While the Fund primarily invests in investment-grade debt securities, it may invest up to 25% of its assets in high-yield bonds (also known as “junk” bonds). The Fund may invest in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers.The Fund may invest in foreign debt securities, including investments in emerging markets. At times, the Fund may invest a substantial amount of its assets in foreign debt issuers located in a single region. The Fund will normally limit emerging markets investments to 15% of its net assets, measured at the time of purchase. The Fund will normally limit its foreign currency exchange exposure to 15% of its total assets. The Fund may limit its foreign currency exchange exposure by hedging through the use of forward contracts, cross-currency swaps, currency futures, and options. The Fund may invest in cash or cash equivalents such as short-term government bonds, commercial paper, repurchase agreements, and other short-duration fixed-income 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.The Fund may invest 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 utilize interest rate futures, interest rate swaps, credit default swaps (both single-name and index), options, swaptions, and currency forwards for various investment purposes, such as to manage or hedge portfolio risk, enhance return, or manage duration. The Fund may engage in short sales of derivatives instruments such as options, futures, and swaps.
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JUCTX - Performance

Return Ranking - Trailing

Period JUCTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -8.3% 12.4% 47.95%
1 Yr 6.5% -11.0% 27.6% 64.34%
3 Yr 2.2%* -18.2% 15.9% 18.57%
5 Yr 2.2%* -14.5% 14.4% 42.51%
10 Yr 1.3%* -13.8% 6.4% 77.21%

* Annualized

Return Ranking - Calendar

Period JUCTX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -12.0% 15.7% 48.19%
2022 -3.5% -31.8% 18.4% 3.72%
2021 -1.9% -26.6% 25.7% 59.84%
2020 1.8% -49.2% 18.7% 50.35%
2019 0.0% -35.1% 15.3% 91.56%

Total Return Ranking - Trailing

Period JUCTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -8.3% 12.4% 47.95%
1 Yr 6.5% -11.0% 27.6% 64.34%
3 Yr 2.2%* -18.2% 15.9% 18.57%
5 Yr 2.2%* -14.5% 14.4% 42.51%
10 Yr 1.3%* -13.8% 6.4% 77.21%

* Annualized

Total Return Ranking - Calendar

Period JUCTX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -7.0% 22.2% 65.86%
2022 -1.4% -31.8% 21.1% 8.67%
2021 -0.5% -13.5% 49.9% 83.04%
2020 4.2% -28.6% 24.1% 62.85%
2019 3.7% -4.8% 19.1% 91.93%

NAV & Total Return History


JUCTX - Holdings

Concentration Analysis

JUCTX Category Low Category High JUCTX % Rank
Net Assets 54.1 M 2.53 M 143 B 91.28%
Number of Holdings 142 2 9868 76.83%
Net Assets in Top 10 14.5 M -204 M 70.2 B 92.84%
Weighting of Top 10 27.15% 5.1% 271.9% 52.84%

Top 10 Holdings

  1. GLOBAL PAYMENTS INC 4.20%
  2. JABIL INC 3.73%
  3. Heartland Australia Group Pty Ltd 3.04%
  4. National Australia Bank Ltd 2.83%
  5. Volkswagen Financial Services NV 2.45%
  6. Vicinity Centres Trust 2.39%
  7. Janus Henderson AAA CLO 2.38%
  8. Australia New Zealand Banking Group Ltd 2.20%
  9. Macquarie Bank Ltd 2.07%
  10. Credit Agricole SA 1.87%

Asset Allocation

Weighting Return Low Return High JUCTX % Rank
Bonds
86.07% 0.00% 215.76% 57.01%
Convertible Bonds
20.59% 0.00% 33.50% 1.72%
Cash
8.10% -94.66% 100.00% 25.61%
Other
3.46% -66.66% 153.75% 46.65%
Stocks
2.38% -4.18% 99.84% 30.49%
Preferred Stocks
0.00% 0.00% 28.28% 59.45%

Stock Sector Breakdown

Weighting Return Low Return High JUCTX % Rank
Utilities
0.00% 0.00% 100.00% 2.08%
Technology
0.00% 0.00% 28.30% 36.46%
Real Estate
0.00% 0.00% 100.00% 9.90%
Industrials
0.00% 0.00% 100.00% 43.23%
Healthcare
0.00% 0.00% 18.60% 63.02%
Financial Services
0.00% 0.00% 100.00% 55.21%
Energy
0.00% 0.00% 100.00% 31.77%
Communication Services
0.00% 0.00% 100.00% 17.71%
Consumer Defense
0.00% 0.00% 99.97% 33.33%
Consumer Cyclical
0.00% 0.00% 89.95% 74.48%
Basic Materials
0.00% 0.00% 100.00% 67.19%

Stock Geographic Breakdown

Weighting Return Low Return High JUCTX % Rank
US
2.38% -4.11% 99.84% 29.27%
Non US
0.00% -0.07% 17.73% 45.27%

Bond Sector Breakdown

Weighting Return Low Return High JUCTX % Rank
Corporate
80.96% 0.00% 96.66% 2.99%
Cash & Equivalents
7.94% 0.00% 99.66% 24.62%
Securitized
6.01% 0.00% 99.65% 72.80%
Derivative
0.33% -66.66% 153.75% 23.55%
Municipal
0.00% 0.00% 54.26% 56.13%
Government
0.00% 0.00% 99.43% 88.99%

Bond Geographic Breakdown

Weighting Return Low Return High JUCTX % Rank
US
57.91% 0.00% 215.76% 75.15%
Non US
28.16% 0.00% 69.85% 14.48%

JUCTX - Expenses

Operational Fees

JUCTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.44% 0.03% 20.67% 39.67%
Management Fee 0.65% 0.00% 2.29% 59.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.00% 0.70% 78.50%

Sales Fees

JUCTX 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

JUCTX 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.

JUCTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 632.00% 17.31%

JUCTX - Distributions

Dividend Yield Analysis

JUCTX Category Low Category High JUCTX % Rank
Dividend Yield 5.08% 0.00% 23.30% 73.11%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JUCTX Category Low Category High JUCTX % Rank
Net Income Ratio 1.25% -1.55% 11.51% 89.94%

Capital Gain Distribution Analysis

JUCTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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JUCTX - Fund Manager Analysis

Managers

Jason England


Start Date

Tenure

Tenure Rank

Jun 28, 2019

2.93

2.9%

Jason England is a Global Bonds Portfolio Manager at Janus Henderson Investors responsible for co-managing the Absolute Return Income and Absolute Return Income Plus strategies. Prior to joining Janus in 2017, Jason was with PIMCO, most recently as senior vice president and portfolio manager for core sector fund separate account portfolios. While there from 1994 to 2015, he was involved with launching their first hedge fund, exchange-traded fund, and global multi-asset product portfolios as well as management of numerous fixed income and asset allocation portfolios. Jason received both a bachelor’s degree in business administration and finance and his MBA from the University of Southern California, Marshall School of Business.

Daniel Siluk


Start Date

Tenure

Tenure Rank

Jun 16, 2021

0.96

1.0%

Daniel Siluk is a Global Bonds Portfolio Manager at Janus Henderson Investors responsible for co-managing the Absolute Return Income strategy and Short Duration Income ETF. Daniel came to Janus when it acquired Kapstream in 2015. Prior to joining Kapstream in 2009, he served as manager of investment analytics at Challenger, a position he held from 2007 to 2009. While there, he provided attribution and risk metrics for the firm’s internal funds management business as well as their boutique partnerships, which included Kapstream. Before Challenger, he spent four years in London, where he implemented and tested attribution and risk systems for Insight Investment, the funds management arm of Halifax Bank of Scotland, and Northern Trust. Daniel received a bachelor of applied finance degree from Macquarie University.

Dylan Bourke


Start Date

Tenure

Tenure Rank

Jun 16, 2021

0.96

1.0%

Dylan Bourke is a Portfolio Manager for Kapstream Capital, and is responsible for credit analysis and portfolio management. Prior to joining Kapstream in 2014, Mr Bourke served as an Associate Analyst for Moody’s Investors Service, focusing on Australian structured finance products for over three years. While at Moody’s, Mr Bourke conducted extensive analysis predominantly on asset backed securities, residential mortgage backed securities and covered bonds. Additionally, he published numerous articles culminating in two Moody’s global structured finance research awards. Prior to Moody’s, Mr Bourke spent two years as a Credit Analyst at Macquarie Bank conducting financial institution and corporate counterparty analysis. Additionally he worked for six months on the Macquarie Special Situations Fund building valuation models, conducting due diligence on subordinated debt-issuance, bridge financing and unlisted equity investments. Mr Bourke holds a Bachelor of Commerce and a Bachelor of Law from Bond University and is a CFA charter holder.

Tenure Analysis

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