Janus Global Unconstrained Bond Fund (JUCDX)
Global Macro-Driven Bond Fund Seeking Absolute Returns

FUND SNAPSHOT (JUCDX)

Who Should Consider This Fund?

Investors looking for a global bond fund that seeks positive absolute returns regardless of market conditions as a way to diversify their portfolio.

Asset ClassFixed Income
Global/International
Alternatives
Share Class D
RISK TOLERANCE SPECTRUM
target risk moderate

Funds are placed on the risk tolerance spectrum to demonstrate the wide spectrum of risk levels among asset classes in which they are expected to typically invest. The spectrum is for informational purposes only, is not intended to be forward looking and is subject to change. 

Yields

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

2.58%
30 Day SEC Yield (As of 1/31/17)
with waivers
without waivers

0.95%
0.95%
Distribution FrequencyMonthly
Fund Facts
Inception Date5/27/2014
NAV (As of 2/23/17)$9.61
Daily NAV Change$-0.01
Daily NAV % Change-0.09%
Total Net Assets (As of 1/31/17)$1.85B
Annual Expense Ratio
(Estimated)
GROSS 1.02%
NET 1.00%

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 11/1/17.

Morningstar (As of 1/31/17)
CategoryUS Fund Nontraditional Bond
View all Ratings
Equity
Style Box
Performance (As of 12/31/16)
YTD (As of 2/23/17) 0.52%
1 Year 4.91%
Since Inception 1.06%

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.

Client Commitment

This “unconstrained” fund has the flexibility to invest across global fixed income markets and is not managed to be compared to any specific index. The Fund has significant latitude to act on high conviction ideas and seeks to achieve positive absolute returns in a variety of market environments.

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 1/31/17

TOP HOLDINGS 

EMC Corp (Long) , 1.88%, 06/01/2018
Ally Financial Inc (Long) , 3.25%, 02/13/2018
Ally Financial Inc (Long) , 3.60%, 05/21/2018
General Motors Financial Co Inc (Long) , 4.75%, 08/15/2017
Ford Motor Credit Co LLC (Long) , 4.25%, 02/03/2017
Mexican Udibonos (Long) , 4.50%, 12/04/2025
Argentina Treasury Bill (Long) , 0.00%, 04/17/2017
Argentine Republic Government International Bond (Long) , 6.25%, 04/22/2019
Ford Motor Credit Co LLC (Long) , 1.47%, 09/08/2017
Icahn Enterprises LP - Icahn Enterprises Finance Corp (Long) , 3.50%, 03/15/2017

SECTOR ALLOCATION (% of Fund)

Fixed Income 80.38
Equities 4.24
Currency -0.09
Cash & Equivalents 15.47

Why Invest in the Fund

WORLD-RENOWNED INVESTOR

Bill Gross is one of the world’s foremost thought leaders on fixed income. His unconstrained, macro style of investing offers investors an exceptional approach to navigating today’s markets, which are deeply affected by central banks and macroeconomics.

INVESTMENT FLEXIBILITY

The Fund invests broadly across global fixed income markets and is not constrained by benchmark-specific guidelines. This latitude allows us to fully express our high-conviction active views and potentially avoid benchmark biases.

UNCORRELATED SOURCES OF RETURN

This bond fund seeks to provide positive long-term returns through the employment of derivatives and option-based strategies. This allows access to sources of returns that are intended to be uncorrelated to traditional risk assets.

FUND MANAGEMENT

Bill Gross

Bill Gross

Fund Manager since 2014
Industry since 1971

FUND NEWS

Janus Capital Group acquires a majority interest in Kapstream Capital, a pioneer in managing global unconstrained fixed income.

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