Janus Short-Term Bond Fund (JASBX)
25+ Years of Fundamental, Credit-Driven Fixed Income Investing

SHARE CLASS

FUND FACTS (JASBX)

Inception Date9/1/1992
NAV (As of 2/27/15 )$3.05
Total Net Assets (As of 1/31/15)$2.82B
Annual Expense Ratio
(As of fiscal year end 6/30/14)
GROSS 0.84%
NET 0.74%

Yields

Distribution Yield at NAV (As of 1/31/15)

1.06%
30 Day SEC Yield (As of 1/31/15)
with waivers
without waivers

0.75%
0.64%
Distribution FrequencyMonthly
Performance (As of 12/31/14)
1 Year0.55%
3 Year1.76%
5 Year2.00%
10 Year3.39%
Morningstar (As of 1/31/15)
CategoryShort-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

435 Funds Rated
Analyst RatingBronze
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.

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

Quarterly Commentary - Q4 2014

EXECUTIVE SUMMARY

Short-term rates rose as a consensus grew around the Federal Reserve’s rate hike sometime in mid- to late 2015.

Underperformance was driven largely by our security selection within corporate credit, where we are overweight.

We anticipate that the global financial markets may be vulnerable to increased volatility, and given our focus on capital preservation, we have reduced our credit exposure and increased our Treasury exposure.

FUND MANAGEMENT

Gibson Smith

Fund Manager since 2010
Industry since 1991

Darrell Watters

Fund Manager since 2007
Industry since 1986