Janus High-Yield Fund (JAHYX)

Core High-Yield Fixed Income

SHARE CLASS

FUND FACTS (JAHYX)

Inception Date12/29/1995
NAV (As of 12/8/16)$8.42
Total Net Assets (As of 10/31/16)$2.00B
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 0.87%
NET 0.87%

Yields

Distribution Yield at NAV (As of 11/30/16)

6.23%
30 Day SEC Yield (As of 11/30/16)
with waivers
without waivers

5.56%
5.56%
Distribution FrequencyMonthly
Performance (As of 9/30/16)
1 Year8.72%
3 Year4.39%
5 Year7.35%
10 Year6.79%
Morningstar (As of 11/30/16)
CategoryHigh Yield Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

605 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.

Data as of 10/31/16. Index represents the Bloomberg Barclays U.S. Corporate High Yield Bond Index.

TOP HOLDINGS (% of Fund)

ADS Tactical Inc , 11.00%, 04/01/2018 1.91
HCA Inc , 5.38%, 02/01/2025 1.48
Blackboard Inc , 9.75%, 10/15/2021 1.36
Howard Hughes Corp , 6.88%, 10/01/2021 1.21
Frontier Communications Corp , 10.50%, 09/15/2022 1.17
Jack Ohio Finance LLC / Jack Ohio Finance 1 Corp , 12.12%, 09/01/2018 1.13
Delta 2 Lux Sarl , 7.75%, 07/29/2022 1.11
Florida East Coast Holdings Corp , 6.75%, 05/01/2019 1.11
Hunt Cos Inc , 9.62%, 03/01/2021 1.05
Kennedy-Wilson Inc , 5.88%, 04/01/2024 1.03
TOTAL12.56

CHARACTERISTICS

Number of Holdings
Debt Issues

227
Portfolio Turnover Rate
(1-year trailing)

66.60%
Weighted Average Maturity
(years)

6.09
Effective Duration
(years)

3.62
Weighted Average Coupon6.98%

SECTOR ALLOCATION (% of Fund)

US Common Stock 0.51
US Preferred Stock 0.30
Credit-High Yield 84.53
Bank Loans 6.28
Credit-Investment Grade 2.57
CMBS 1.31
MBS 0.59
Convertibles 0.40
Cash & Equivalents 3.51

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS  (% of Fund)

< 1 yr 1.31
1 - 3 yrs 9.15
3 - 5 yrs 24.38
5 - 7 yrs 26.86
7 - 10 yrs 30.25
10 - 20 yrs 1.63
> 20 yrs 1.35
N/A 0.75

TOP INDUSTRIES (% of Fund)

Consumer Cyclical 20.98
Communications 15.86
Consumer Non Cyclical 14.20
Energy 13.30
Capital Goods 6.96
Basic Industry 6.32
Technology 5.96
Transportation 3.01
Industrial Other 1.97
Electric 1.07
Financial Other 1.03
Insurance 0.80
Banking 0.76
REITS 0.56
Finance Companies 0.47

CREDIT QUALITY OF FIXED INCOME HOLDINGS (% of Fund)

Baa 3.09
Ba 23.23
B 44.25
Caa 20.91
Ca 0.27
NOT RATED 3.93

Bond credit quality ratings provided by Barclays and reflect the middle rating received from Moody's, Standard & Poor's and Fitch, where all three agencies have provided a rating. If only two agencies rate a security, the lowest rating is used. If only one agency rates a security, that rating is used. Ratings are measured on a scale that ranges from Aaa (highest) to D (lowest).

DEVELOPED VS. EMERGING MARKET EXPOSURE (% of Fund)

U.S. 82.49
Non-U.S. Developed 11.78
Non-U.S. Emerging 2.22
Cash & Equivalents 3.51

REGIONS (% of Fund)

North America 84.28
Europe 9.48
Latin America 1.85
Asia/Pacific Ex Japan 0.88
Cash & Equivalents 3.51

Equity country, regional, sector and industry weights based on MSCI and GICS classifications. Fixed income country, regional, sector and industry weights based on Barclays classifications.