Janus High-Yield Fund (JAHYX)

Core High-Yield Fixed Income



Inception Date12/29/1995
NAV (As of 10/6/15 )$8.21
Total Net Assets (As of 8/31/15)$2.00B
Annual Expense Ratio
(As of fiscal year end 6/30/14)
GROSS 0.87%
NET 0.87%


Distribution Yield at NAV (As of 9/30/15)

30 Day SEC Yield (As of 8/31/15)
with waivers
without waivers

Distribution FrequencyMonthly
Performance (As of 9/30/15)
1 Year-2.31%
3 Year3.79%
5 Year6.03%
10 Year6.70%
Morningstar (As of 9/30/15)
CategoryHigh Yield Bond
Overall Rating™
(Based on risk-adjusted returns)

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627 Funds Rated
Analyst Rating
Fixed Income
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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. For the most recent month-end performance click here.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/15.

Client Commitment

The Fund’s core high-yield strategy seeks strong, risk-adjusted results by investing in transformational balance sheet opportunities. Driven by a fundamentally based investment process, this dynamic, risk-aware approach seeks to temper the downside risks associated with the high-yield asset class over a full market cycle.

Fixed Income Insights with Gibson Smith

Why Invest in the Fund


The Portfolio Managers seek to identify high-yield corporate bonds from companies committed to transforming and improving their capital structure. Our fixed income team is structured around credit industries with fundamental credit analysis driving decision-making at every level of the investment process.


Partnership and fluid communication between fixed income and equity analysts promote idea generation. We believe the size of our portfolio gives us the scale to be an active player in the high-yield credit space, while the boutique nature of our firm gives us the flexibility to invest only where we have conviction.


Our proprietary fixed income portfolio and risk-management system, Quantum Global, is integrated into the investment process at each step. We identify and measure sources of risk in the portfolio at multiple levels to confirm that the portfolio is positioned as intended.


Competitive Returns with Less Volatility than Majority of Peers
Janus High-Yield Fund Compared to Index and Peers (10 Years: 7/1/05 - 6/30/15)
Janus High-Yield Fund Compared to Index and Peers chart
Based on the Fund's "parent" share class (typically that with the longest history). Performance varies by share class.
Standard Deviation measures historical volatility. Higher standard deviation implies greater volatility. 3-year Standard Deviation for Janus High-Yield Fund – T shares: 4.27%.


Gibson Smith

Gibson Smith

Fund Manager since 2003
Industry since 1991

Darrell Watters

Darrell Watters

Fund Manager since 2008
Industry since 1986


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Morningstar features Janus High-Yield as an option to navigate volatility in the high yield market.

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Morningstar talks with Gibson Smith about the greatest risk facing bond investors today.

CNBC logoGibson Smith sits down with CNBC to address liquidity in the fixed income market.


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