Employs a bottom-up fundamentally-driven investment process that focuses on credit-oriented investments
Fundamental credit research is used to build a mosaic of information in an effort to identify macro trends and inform allocations across fixed income sectors
Credit research emphasizes free cash flow generation, quality of management and security valuation
Since Portfolio Inception
Barclays U.S. Aggregate Bond Index
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 5/1/14.
Gibson Smith Joined Janus 2001 Tenure on fund: Since 2007
Darrell Watters Joined Janus 1993 Tenure on fund: Since 2007
"We have an integrated research model between fixed income and equity at Janus that is very powerful. We believe this integration allows us to analyze a business in its entirety and to make better informed decisions. "
"We have a bias toward credit investing or individual company investing because we believe we can get a competitive advantage from our in-depth fundamental credit research. Our process is enhanced by our integrated fixed income-equity research model, which allows us to analyze a business in its entirety and to make better informed decisions. "
Ratings are based on risk-adjusted returns. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics.
PORTFOLIO FACTS As of 03/31/2014
Total Net Assets (as of 03/31/2014)
Total Number of Equity Issues
Total Number of Debt Issues
Weighted Average Market Capitalization
Portfolio Turnover Rate
Annual Expense Ratios
Annual Expense Ratios
(as of fiscal year-end 12/31/2012)
Sharpe Ratio (3-Year-Fund)
Sharpe Ratio (3-Year - Barclays U.S. Aggregate Bond Index)
Standard Deviation (3-Year-Fund)
Standard Deviation (3-Year - Barclays U.S. Aggregate Bond Index)