Please ensure Javascript is enabled for purposes of website accessibility US Short Duration High Yield Active Core UCITS ETF - Janus Henderson Investors - Europe PA Ireland
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For financial professionals in Ireland

JSHY US Short Duration High Yield Active Core UCITS ETF

A systematic US short‑duration high yield approach that targets attractive yields with lower duration, complemented by active alpha‑seeking through exploiting market inefficiencies.

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ISIN
IE0007W7MZL0

NAV
USD 10.21
As of 11/08/2026

JSHY
US Short Duration High Yield Active Core UCITS ETF

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Overview

Investment objective

The Fund aims to outperform ICE BofA 0-5 Year BB-B US High Yield Constrained Index, the Index Benchmark, over the long term by investing primarily in an actively managed portfolio of USD-denominated sub-investment grade corporate bonds.

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The Fund aims to invest at least 80% of its net assets in a portfolio of USD-denominated corporate bonds with the following characteristics: Fixed or floating rate bonds; Rated below Baa3 by Moody's Investors Services, Inc. (“Moody's”), or equivalently rated by Standard & Poor's Ratings Services (“Standard & Poor's”) or Fitch, Inc. (“Fitch”), or, if unrated, determined by the Investment Manager to be of comparable quality; Expected maturity of between 1 and 5.5 years; Minimum amount outstanding of USD 300 million and No Regulation S bonds.

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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

US Short Duration High Yield offers an attractive combination of high income, lower interest rate sensitivity and strong risk adjusted returns. By combining Janus Henderson’s deep fundamental credit expertise with advanced systematic signals, the strategy seeks consistent alpha, efficient portfolio construction and a more resilient way to access short dated high yield opportunities.

Past performance does not predict future returns. 
 

Why invest in this fund

Proprietary quantitative models

Proprietary multifactor models systematically identify potentially mispriced bonds and risks, enhanced by broad issuer coverage and deep research insights.

Systematic portfolio construction

Rules‑based construction maximises signal strength within strict risk constraints, targeting repeatable outperformance and controlled portfolio volatility.

Rigorous risk management

Combines quant signals, analyst recommendations, and fundamental PM oversight aiming to avoid uncompensated risks and ensure disciplined, consistent governance.

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 8226.04 $ 7843.85 $
Average Return each year -17.740% -4.741%
Unfavourable Scenario What you might get back after costs 9230.53 $ 10670.06 $
Average Return each year -7.695% 1.306%
Moderate Scenario What you might get back after costs 10626.70 $ 12423.95 $
Average Return each year 6.267% 4.436%
Favourable Scenario What you might get back after costs 11905.60 $ 14093.01 $
Average Return each year 19.056% 7.103%

Listings Information

Exchange Ticker Currency SEDOL WKN Bloomberg Ticker RIC
SIX Swiss Exchange (Small- & Medium-Caps) - SW JSHY SE USD BW46CT0 - JSHY SE EQUITY -
London Stock Exchange JSHY LN USD BP92JG0 A41R37 JSHY LN EQUITY JSHY.L

Portfolio Management

Erin Noel, CFA

Global Head of Quantitative Fixed Income | Portfolio Manager

Industry since 2008. Joined Firm in 2009.

Brent Olson

Portfolio Manager

Industry since 1997. Joined Firm in 2017.

Mike Talaga, CFA

Global Head of Credit Research | Portfolio Manager

Industry since 2002. 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 0.49%
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

Portfolio Characteristics (As of 31/07/2026)
 
Effective Duration
(years)		 -
Yield To Worst
 6.17
Option Adjusted Spread
 186.0
Yield To Maturity Usd
 6.49
Sector Allocation % of Fund % of Fund As of 31/07/2026

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

No data found at this time

No data found at this time

Documents

Related Insights

Differentiated insights are central to our investment approach.

Après-moi, le déluge: Is the credit market unprepared for the level of tech supply?
8 Jul 2026
Timely & Topical

Après-moi, le déluge: Is the credit market unprepared for the level of tech supply?

Revisiting the levels of supply related to the AI buildout and implications for credit markets.

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Global Perspectives: Actively managing opportunities and risks in multi-sector fixed income
3 Feb 2026
Features & Outlooks

Global Perspectives: Actively managing opportunities and risks in multi-sector fixed income

Why active management, fundamental research, and selectivity across sectors are key to identifying opportunities while managing volatility in fixed income.

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From power to compute: The expanding AI ecosystem in high yield credit
15 Dec 2025
Timely & Topical

From power to compute: The expanding AI ecosystem in high yield credit

Exploring the expanding opportunities for high yield investors to participate in the artificial intelligence (AI) narrative.

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  • 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.
  • When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise (or are expected to rise). This risk is typically greater the longer the maturity of a bond investment.
  • While high yield (non-investment grade) bonds generally offer higher rates of interest than investment grade bonds, they are more speculative and more sensitive to adverse changes in market conditions.
  • 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 6354002FWROTQ5DE9H23.

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