Janus Short-Term Bond Fund (JNSTX)
20+ Years of Fundamental Fixed Income Investing

FUND SNAPSHOT (JNSTX)

Who Should Consider This Fund?

Investors looking for a fixed income fund that employs a conservative, risk-averse approach to serve as a core holding in their portfolio.

Asset ClassFixed Income
Share Class D
RISK TOLERANCE SPECTRUM
target risk very 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 1/31/17)

1.27%
30 Day SEC Yield (As of 1/31/17)
with waivers
without waivers

1.21%
1.09%
Distribution FrequencyMonthly
Fund Facts
Inception Date9/1/1992
NAV (As of 2/24/17)$3.03
Daily NAV Change$0.00
Daily NAV % Change0.00%
Total Net Assets (As of 1/31/17)$2.16B
Annual Expense Ratio
(As of fiscal year end 6/30/16)
GROSS 0.76%
NET 0.63%

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 Short-Term Bond
Overall Rating™
(Based on risk-adjusted returns)
453 Funds Rated
View all Ratings
Fixed Income
Style Box
Performance (As of 12/31/16)
YTD (As of 2/24/17) 0.55%
1 Year 1.58%
3 Year 0.84%
5 Year 1.49%
10 Year 3.06%

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 dynamic, short duration bond fund seeks risk-adjusted returns and capital preservation. Our approach leverages a bottom-up, fundamentally driven investment process.

Fund Overview

CALENDAR YEAR PERFORMANCE
Data as of 1/31/17

TOP HOLDINGS (% of Fund)

United States Treasury Note/Bond , 0.75%, 01/31/2018 2.98
BellSouth LLC , 4.40%, 04/26/2017 2.35
Wells Fargo Bank NA , 1.65%, 01/22/2018 2.34
United States Treasury Note/Bond , 0.88%, 07/15/2018 2.22
CIT Group Inc , 5.00%, 05/15/2018 1.94
Anheuser-Busch InBev Finance Inc , 1.90%, 02/01/2019 1.51
Bank of America Corp , 6.40%, 08/28/2017 1.47
Citigroup Inc , 1.85%, 11/24/2017 1.47
United States Treasury Note/Bond , 0.75%, 02/28/2018 1.46
United States Treasury Note/Bond , 0.75%, 04/15/2018 1.39
TOTAL19.13

SECTOR ALLOCATION (% of Fund)

Credit-Investment Grade 59.56
Treasuries 16.13
Credit-High Yield 11.29
ABS 6.16
Bank Loans 4.31
CMBS 2.38
Cash & Equivalents 0.17

Why Invest in the Fund

DYNAMIC CORE SHORT-DURATION BOND HOLDING

The Fund emphasizes risk-adjusted returns and capital preservation while seeking to identify the best opportunities across fixed income sectors using a bottom-up, fundamentally driven investment process.

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 2007
Industry since 1986

Mayur Saigal

Mayur Saigal

Fund Manager since 2015
Industry since 2002