Janus High-Yield Fund (JAHYX)

Core High-Yield Fixed Income

SHARE CLASS

FUND FACTS (JAHYX)

Inception Date12/29/1995
NAV (As of 2/17/17)$8.54
Total Net Assets (As of 1/31/17)$2.08B
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 0.87%
NET 0.87%

Yields

Distribution Yield at NAV (As of 1/31/17)

5.47%
30 Day SEC Yield (As of 1/31/17)
with waivers
without waivers

5.26%
5.26%
Distribution FrequencyMonthly
Performance (As of 12/31/16)
1 Year12.82%
3 Year3.85%
5 Year6.56%
10 Year6.57%
Morningstar (As of 1/31/17)
CategoryUS Fund High Yield Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

603 Funds Rated
Fixed Income
Style Box

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 11/1/17.

Quarterly Commentary - Q4 2016

EXECUTIVE SUMMARY

The Fund outperformed its benchmark in the fourth quarter of 2016.

Outperformance was driven by our security selection in high-yield corporate credit.

We are cautiously optimistic for high yield in the coming year. Yet we are closely watching the ability for corporate spreads to hold near current levels in a rising-rate environment.

FUND MANAGEMENT

Darrell Watters

Darrell Watters

Fund Manager since 2008
Industry since 1986

Seth Meyer, CFA

Seth Meyer, CFA

Fund Manager since 2015
Industry since 1998