Moderate beta approach driven by a bottom-up fundamentally based investment process
Designed to serve as a long-term strategic allocation, not a tactical allocation
Credit research emphasizes free cash flow generation, quality of management and security valuation
Leverages partnership with Janus equity team to better understand potential catalysts for a business
Since Fund Inception
Class T Shares
Barclays U.S. High Yield Corporate TR
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 11/1/14.
Gibson Smith Joined Janus 2001 Tenure on fund: Since 2003
Darrell Watters Joined Janus 1993 Tenure on fund: Since 2008
"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 "