Janus Multi-Sector Income Fund (JMUTX)

Seeking High and Consistent Income

SHARE CLASS

FUND FACTS (JMUTX)

Inception Date2/28/2014
NAV (As of 9/4/15 )$9.78
Total Net Assets (As of 7/31/15)$20.16M
Annual Expense Ratio
(Estimated)
GROSS 1.94%
NET 0.96%

Yields

Distribution Yield at NAV (As of 8/31/15)

4.87%
30 Day SEC Yield (As of 7/31/15)
with waivers
without waivers

3.71%
2.44%
Distribution FrequencyMonthly
Performance (As of 6/30/15)
1 Year2.11%
Since Inception3.72%
Morningstar (As of 8/31/15)
CategoryMultisector Bond
Equity
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.

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.

Why Invest in the Fund

SEEKS HIGH, CONSISTENT INCOME

Dynamic portfolio that seeks to capture attractive yield opportunities on a risk-adjusted basis across the fixed income sectors, while typically holding 35% to 65% in below investment grade bonds. The strategy uses a bottom-up, fundamentally driven process.

INTEGRATED RESEARCH

Partnership and fluid communication between fixed income and equity analysts promotes idea generation. Credit research emphasizes free cash flow generation, quality of management and security valuation.

SOPHISTICATED RISK MANAGEMENT

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.

FUND MANAGEMENT

Seth Meyer, CFA

Seth Meyer, CFA

Fund Manager since 2014
Industry since 1998

John Kerschner, CFA

John Kerschner, CFA

Fund Manager since 2014
Industry since 1990

John Lloyd

John Lloyd

Fund Manager since 2014
Industry since 1998

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