Please ensure Javascript is enabled for purposes of website accessibility EUR Short Duration Income Active Core UCITS ETF - Janus Henderson Investors - Europe PA Denmark
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For financial professionals in Denmark

JHES EUR Short Duration Income Active Core UCITS ETF

A short duration bond ETF with enhanced yield and focus on capital preservation*.

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ISIN
IE000CCQKON9

NAV
EUR 10.23
As of 08/06/2026

Yield
-
As of 08/06/2026

JHES
EUR Short Duration Income Active Core UCITS ETF

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Overview

Investment objective

The Fund aims to provide a steady income stream with capital preservation across various market cycles by investing in an actively managed portfolio of primarily short duration fixed income instruments.

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Under normal circumstances, the Fund will invest at least 80% of its net assets in a global portfolio of short duration fixed income instruments.The Fund primarily invests in investment grade debt securities, rated Baa3 or higher or, if unrated, determined by the Investment Manager to be of comparable quality.Such investments may be across multiple sectors including (but not limited to) certificates of deposit, treasury bills, government & government-related bonds (both fixed and floating rate), commercial paper, corporate bonds (both fixed and floating rate) and, to the extent set out below, ABS/MBS, with a focus on developed markets.The securities in which the Fund primarily invests have an expected maturity / weighted average life of less than five years.The Bloomberg Barclays Euro Treasury 0-3 Months Bond Index is used for performance comparison purposes only in the Fund’s marketing materials, as applicable.The Fund is actively managed and does not seek to replicate the composition or performance of the Index Benchmark.The Fund may invest in both agency and non-agency MBS, subject to the limits included in the Supplement.The Fund may invest a maximum of 15% in debt securities that are rated below investment grade, but it will not invest in securities rated below B3. The Fund may invest a maximum of 15% of its net assets in emerging markets. The Fund will normally limit its unhedged non-Base Currency exposure to 15% of its total assets.The Fund may invest up to 10% of its net asset value in the other Eligible Collective Investment Schemes , included those managed by the Investment Manager.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

About this fund

The Fund aims to provide a steady income stream with capital preservation across various market cycles by investing in an actively managed portfolio of primarily short duration fixed income instruments.

*The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.

Past performance does not predict future returns. 
 

Why invest in this fund

Short duration bond allocation

Useful for cash management, or can be used as a liquidity sleeve.

Depth of expertise

Highly experienced Portfolio managers within a global team.

Disciplined risk management

We collaborate on a global scale across team and portfolio to access the best relative value opportunities.

Performance scenarios

Recommended hold period: 5 years
Investment: 10000 €
Scenarios If you exit after 1 year If you exit after the 5-year recommended holding period
Minimum There is no minimum guaranteed return. You could lose some or all of your investment.
Stress Scenario What you might get back after costs 9381.02 € 9275.40 €
Average Return each year -6.190% -1.493%
Unfavourable Scenario What you might get back after costs 9783.20 € 9704.30 €
Average Return each year -2.168% -0.599%
Moderate Scenario What you might get back after costs 10000.29 € 9919.35 €
Average Return each year 0.003% -0.162%
Favourable Scenario What you might get back after costs 10431.27 € 10540.54 €
Average Return each year 4.313% 1.058%

Portfolio characteristics

(As of 30/04/2026)

EUR Acc.
Number of holdings: 134
Yield to worst (%): 3.63
Average rating: BBB+
Weighted average maturity 0.86
Option adjusted spread 50.10
EUR Inc.
Number of holdings: 134
Yield to worst (%): 3.63
Average rating: BBB+
Weighted average maturity 0.86
Option adjusted spread 50.10

Listings Information

Exchange Ticker Currency SEDOL WKN Bloomberg Ticker RIC
SIX Swiss Exchange (Small- & Medium-Caps) - SW JHES SE EUR BS7Z371 A40VMV JHES SE EQUITY JHES.S
Xetra JHES GY EUR BTY6D29 A40VMV JHES GY EQUITY JHES.DE
Borsa Italiana JHES IM EUR BPQF058 A40VMV JHES IM EQUITY JHES.MI

Portfolio Management

Daniel Siluk

Head of Global Short Duration & Liquidity | Portfolio Manager

Industry since 2004. Joined Firm in 2015.

Addison Maier

Portfolio Manager

Industry since 2011. Joined Firm in 2011.

Tim Winstone, CFA

Head of Investment Grade Credit | Portfolio Manager

Industry since 2003. Joined Firm in 2015.

Performance

There is currently insufficient data to provide a useful indication of past performance to investors. This share class has been established for less than a year. To view performance returns please choose an alternative share class, if available.

Fee Information
Initial Charge 0.00%
Annual Charge 0.25%
Ongoing Charge
(As of ) 		-
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

A single All-in-Fee expressed as a total expense ratio ("Total Expense Ratio/TER" or "Annual Management Charge/AMC") is payable out of the assets of the relevant Fund for all ongoing fees and expenses. Further information can be found in section "Fees, Charges and Expenses" section of the Prospectus and/or Fund Supplement to the Prospectus.

Portfolio

Regional Allocation % of Fund % of Fund As of 31/05/2026

Please note: due to rounding the figures in the holdings breakdowns may not add up to 100%.

Sector Allocation % of Fund % of Fund As of 31/05/2026

Please note: due to rounding the figures in the holdings breakdowns may not add up to 100%.

Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 31/05/2026

Please note: due to rounding the figures in the holdings breakdowns may not add up to 100%.

Documents

Related Insights

Differentiated insights are central to our investment approach.

Charting a course for short-duration bonds through the Hormuz inflation shock
21 May 2026
Timely & Topical

Charting a course for short-duration bonds through the Hormuz inflation shock

Bond investors need a framework to determine how to best position duration within a global portfolio during a period of conflict-driven inflation.

Read More

Fixed income balancing act
18 May 2026
Timely & Topical

Fixed income balancing act

Tom Ross and Tim Winstone, fixed income portfolio managers at Janus Henderson, reflect on why corporate bond markets are resilient in the face of geopolitical tensions.

Read More

Quick View: The Fed’s April decision – more than meets the eye
29 Apr 2026
Timely & Topical

Quick View: The Fed’s April decision – more than meets the eye

The unfolding geopolitical crisis lays bare the challenges central banks face when managing economic growth and inflation expectations.

Read More

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital. If this happens or the market perceives this may happen, the value of the bond will fall.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.
  • High exposure to a particular country or geographical region carries a higher level of risk than a more broadly diversified portfolio.
  • Derivatives may be used with the aim of reducing risk or managing the portfolio more efficiently. However, this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • Securities could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Losses could be incurred if a counterparty became unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • Information on compliance with EU Sustainability related disclosures can be found here.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.
  • The Legal Entity Identifier for this product is 6354009TEBIAXGR7FG92.

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