Multi-sector income Fund
An active approach to capturing opportunities across global fixed income sectors.
- The Fund invests in debt securities/ preference shares (including below investment grade or unrated) and asset/ mortgage-backed securities; and is subject to greater interest rate, credit/ counterparty, volatility, liquidity, downgrading, valuation, credit rating risks. It may be more volatile.
- Investments in the Fund involve general investment, currency, hedging, economic, political, policy, foreign exchange, liquidity, tax, legal, regulatory, securities financing transactions related and preference shares related risks. In extreme market conditions, you may lose your entire investment.
Read more
- The Fund may invest in financial derivatives instruments for investment and efficient portfolio management purposes. This may involve counterparty, liquidity, leverage, volatility, valuation, over-the-counter transaction, credit, currency, index, settlement default and interest risks; and the Fund may suffer total or substantial losses.
- The Fund's investments are concentrated in US issuers and may be more volatile.
- The Fund may at its discretion pay dividends (i) pay dividends out of the capital of the Fund, and/ or (ii) pay dividends out of gross income while charging all or part of the fees and expenses to the capital of the Fund, resulting in an increase in distributable income available for the payment of dividends by the Fund and therefore, the Fund may effectively pay dividends out of capital. This may result in an immediate reduction of the Fund’s net asset value per share, and it amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
- Investors should not only base on this document alone to make investment decisions and should read the offering documents including the risk factors for further details.
Less
Why Multi-Sector Fixed Income matters now
The global fixed income universe is vast, spanning numerous sectors and industries, each with different credit and interest rate risks. A Multi-Sector Income Fund aims to allow investors to maximise income and diversification by allocating flexibly to the most compelling opportunities.
How our Multi-Sector Income Fund works
Capturing global opportunities
Actively positioning the portfolio to access a breadth of sectors and diversification.
Optimal risk blend
Balancing fixed income risk exposures with the aim of supporting smoother returns and delivering resilient outcomes across different market environments.
Aiming to deliver consistent income
Dynamically allocating to maximise yield per unit of volatility.
Delivered competitive risk-adjusted returns
The chart compares annualised return and volatility over three years, five years and since inception, illustrating the fund's aim to improve risk-adjusted outcome versus a core bond benchmark.
Multi-Sector Income Fund (MSI) risk/return profile versus US Aggregate Bond Index (US Agg)
Source: Janus Henderson Investors, as at 30 April 2026.
Note: Since inception (SI) date: 4 December 2019.
Fund: Janus Henderson Multi-Sector Income Fund A2 USD, NAV-NAV, gross income reinvested where applicable. Gross of fees (AMC), in USD. Comparator Benchmark: Bloomberg U.S Aggregate Bond Index. Fees can have a material impact on the value of your investment. Past performance does not predict future returns.
Calendar year returns
| Performance (%) | YTD at 2Q26 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019* |
|---|---|---|---|---|---|---|---|---|
| Multi-Sector Income Fund (A2 USD) | 1.29 | 8.29 | 6.03 | 8.35 | -12.55 | 1.91 | 4.38 | 0.40 |
| Bloomberg US Aggregate Bond Index | 0.62 | 7.30 | 1.25 | 5.53 | -13.01 | -1.54 | 7.51 | -0.05 |
| USD Flexible Bond - OE | 0.76 | 7.70 | 4.27 | 6.07 | -9.38 | -0.24 | 6.86 | 0.74 |
Source: Janus Henderson Investors, as at 30 June 2026.
Note: *Partial year performance from 04 December 2019, as at Fund inception.
Fund: Janus Henderson Multi-Sector Income Fund, A2 USD shares, net of fees, in USD, NAV-NAV, gross income reinvested where applicable. Inception: 04 December 2019. Benchmark: Bloomberg US Aggregate Bond Index. Peer group category: EAA Fund USD Flexible Bond. Peer group average is based on valuation point of underlying funds in universe. Past performance does not predict future returns. Investing involves risk, including the possible loss of principal and fluctuation of value.