Janus Real Return Fund (JURDX)
Fixed Income Focused on Inflation Protection

FUND SNAPSHOT (JURDX)

Who Should Consider This Fund?

Investors looking to invest in an actively managed fund that is intended to serve as a hedge against inflation while delivering positive returns in all market conditions.

Asset ClassFixed Income
Share Class D
RISK TOLERANCE SPECTRUM
target risk conservative

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 2/28/17)

3.53%
30 Day SEC Yield (As of 2/28/17)
with waivers
without waivers

3.00%
1.45%
Distribution FrequencyMonthly
Fund Facts
Inception Date5/13/2011
NAV (As of 3/23/17)$9.47
Daily NAV Change$0.01
Daily NAV % Change0.11%
Total Net Assets (As of 2/28/17)$20.45M
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 1.68%
NET 0.56%
Morningstar Fee Level
(As of 2/28/17)
Fee Level Group
(out of 118 funds)
High-Yield Bond No Load

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

Morningstar (As of 2/28/17)
CategoryUS Fund High Yield Bond
Overall Rating™
(Based on risk-adjusted returns)
597 Funds Rated
View all Ratings
Fixed Income
Style Box
Performance (As of 12/31/16)
YTD (As of 3/23/17) 0.58%
1 Year 4.63%
3 Year 2.39%
5 Year 2.91%
Since Inception 1.64%

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

The Fund seeks inflation protection by investing across a broad range of fixed income sectors and inflation-oriented asset classes. Our bottom-up, fundamentally driven investment process is designed to protect against both inflationary and deflationary environments.  

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 2/28/17

TOP HOLDINGS (% of Fund)

United States Treasury Bill , 0.00%, 04/06/2017 4.06
US TSY INFL BOND .125 07/15/26 , 0.12%, 07/15/2026 2.98
Meritage Homes Corp , 4.50%, 03/01/2018 2.38
Tenet Healthcare Corp , 6.25%, 11/01/2018 2.18
Altice Financing SA , 6.50%, 01/15/2022 2.14
Nielsen Co Luxembourg SARL , 5.50%, 10/01/2021 1.89
MGM Resorts International , 5.25%, 03/31/2020 1.85
Ally Financial Inc , 3.25%, 02/13/2018 1.83
Post Holdings Inc , 6.75%, 12/01/2021 1.76
Michaels Stores Inc , 5.88%, 12/15/2020 1.74
TOTAL22.81

SECTOR ALLOCATION (% of Fund)

US Preferred Stock 0.17
Credit-High Yield 66.34
Credit-Investment Grade 19.65
Treasuries 6.24
Inflation Linked 2.98
CMBS 1.31
Bank Loans 0.86
ABS 0.61
Convertibles 0.21
Cash & Equivalents 1.63

Why Invest in the Fund

INFLATION-ORIENTED BOND FUND

Employs a bottom-up, fundamentally driven investment process designed to protect against the potential for inflationary or deflationary environments. Invests across a broad range of fixed income sectors and inflation-oriented asset classes, including short-duration high yield.

INTEGRATED RESEARCH

Partnership and fluid communication between fixed income and equity analysts promote 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 the sources of risk in the portfolio at multiple levels to confirm that the portfolio is positioned as intended.

FUND MANAGEMENT

Darrell Watters

Darrell Watters

Fund Manager since 2012
Industry since 1986

Mayur Saigal

Mayur Saigal

Fund Manager since 2013
Industry since 2002