Janus Short-Term Bond Fund (JASBX)

25+ Years of Fundamental Fixed Income Investing

SHARE CLASS

FUND FACTS (JASBX)

Inception Date9/1/1992
NAV (As of 8/4/15 )$3.04
Total Net Assets (As of 6/30/15)$2.63B
Annual Expense Ratio
(As of fiscal year end 6/30/14)
GROSS 0.84%
NET 0.74%

Yields

Distribution Yield at NAV (As of 7/31/15)

1.37%
30 Day SEC Yield (As of 6/30/15)
with waivers
without waivers

0.97%
0.85%
Distribution FrequencyMonthly
Performance (As of 6/30/15)
1 Year0.08%
3 Year1.21%
5 Year1.76%
10 Year3.38%
Morningstar (As of 6/30/15)
CategoryShort-Term Bond
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

468 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.

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

Quarterly Commentary - Q2 2015

EXECUTIVE SUMMARY

During the quarter, short-term rates rose on anticipation that a rate hike was nearing.

Fund underperformance was primarily due to our yield curve positioning in Treasurys.

We are defensively positioned due not only to the possibility of rate hikes, but also a flood of new issuance, shareholder-friendly activity and illiquid markets.

To generate favorable risk-adjusted returns in a challenging environment, we will rely upon our fundamental, bottom-up, and security-specific investment approach.

FUND MANAGEMENT

Gibson Smith

Gibson Smith

Fund Manager since 2010
Industry since 1991

Darrell Watters

Darrell Watters

Fund Manager since 2007
Industry since 1986