JGBIX Global Bond Fund

A dynamic global bond fund seeking risk-adjusted returns and capital preservation

NAV
$10.17
As of 07/09/2020

1-Day Change
$0.00 (0.00%)
As of 07/09/2020

YTD Return
6.48%
As of 07/09/2020

Morningstar Rating

As of 06/30/2020

Overview

ABOUT THIS FUND

This dynamic, global multi-sector fixed income fund seeks risk-adjusted returns and capital preservation.

WHY INVEST IN THIS FUND

Dynamic Core Global Bond Holding
The Fund emphasizes risk-adjusted returns and capital preservation while seeking to identify the best opportunities across fixed income sectors globally.

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.

Knowledge. Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions.

We call this ethos Knowledge. Shared.

PORTFOLIO MANAGEMENT

Andrew Mulliner, CFA

Head of Global Aggregate Strategies | Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Nick Maroutsos

Head of Global Bonds | Portfolio Manager

Industry since 1999. Joined Firm in 2015.

Helen Anthony, CFA

Portfolio Manager

Industry since 2010. Joined Firm in 2010.

Chris Diaz, CFA

Portfolio Manager

Industry since 1997. Joined Firm in 2011.

Performance

RETURNS (%) (As of 06/30/2020)
Global Bond Fund - Class I Shares Bloomberg Barclays Global Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR Since Inception
(12/28/2010)
Global Bond Fund - Class I Shares 3.86 5.62 6.47 3.94 3.07 3.20
Bloomberg Barclays Global Aggregate Bond Index 3.32 2.98 4.22 3.79 3.56 2.50
RETURNS (%) (As of 06/30/2020)
Global Bond Fund - Class I Shares Bloomberg Barclays Global Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR Since Inception
(12/28/2010)
Global Bond Fund - Class I Shares 3.86 5.62 6.47 3.94 3.07 3.20
Bloomberg Barclays Global Aggregate Bond Index 3.32 2.98 4.22 3.79 3.56 2.50
CALENDAR YEAR RETURNS (%)
Global Bond Fund - Class I Shares Bloomberg Barclays Global Aggregate Bond Index
 
  2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Bond Fund - Class I Shares 6.67 8.28 -1.95 5.81 -4.30 0.20 7.44 -2.32 5.95
Bloomberg Barclays Global Aggregate Bond Index 5.64 4.32 -2.60 0.59 -3.15 2.09 7.39 -1.20 6.84

MORNINGSTAR PERCENTILE

(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 3 13 37 - 13
World Bond Category|Rank/Count 5/213 24/198 71/190 -/- 21/168
(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 3 13 37 - 13
World Bond Category|Rank/Count 5/213 24/198 71/190 -/- 21/168
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 05/31/2020 Class I Shares)

RISK / REWARD
VS. Bloomberg Barclays Global Aggregate Bond Index
3YR 5YR
Information Ratio 0.08 -0.41
Alpha 0.14 -0.46
Tracking Error 1.80 1.76
Beta 1.00 0.93
R-squared (%) 82.69 85.70
UP/DOWN MARKET CAPTURE (%)
VS. Bloomberg Barclays Global Aggregate Bond Index
3YR 5YR
Up Capture Ratio 105.11 90.77
Down Capture Ratio 105.60 99.84
STANDARD DEVIATION 3YR 5YR
Global Bond Fund 4.32 4.56
Bloomberg Barclays Global Aggregate Bond Index 3.92 4.55
SHARPE RATIO 3YR 5YR
Global Bond Fund 0.43 0.31
Bloomberg Barclays Global Aggregate Bond Index 0.44 0.47
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2019)
CLASS I SHARES
Management Fees 0.60%
12b-1 Fees -
Other Expenses 0.28%
Total Gross Expenses 0.88%
Waivers -0.19%
Total Net Expenses 0.69%

Portfolio

Index represents the Bloomberg Barclays Global Aggregate Bond Index.

Top Holdings (As of 05/31/2020)
% of Fund
Japan Government Ten Year Bond, 0.10%, 12/20/29 4.98
Mexican Bonos, 8.00%, 12/07/23 4.67
Italy Buoni Poliennali Del Tesoro, 3.00%, 08/01/29 4.39
Japanese Government CPI Linked Bond, 0.10%, 03/10/29 4.38
United States Treasury Note/Bond, 0.38%, 03/31/22 3.89
Freddie Mac Pool, 3.00%, 11/01/49 3.00
Indonesia Treasury Bond, 8.38%, 03/15/34 2.65
United Kingdom Gilt, 1.62%, 10/22/28 2.56
United States Treasury Note/Bond, 5.00%, 05/15/37 2.44
Spain Government Bond, 1.25%, 10/31/30 2.14
Total 35.10
View full holdings
Portfolio Characteristics (As of 05/31/2020)
  FUND INDEX
Number of Holdings
Debt Issues
222 25344
Portfolio Turnover Rate
(1-year trailing)
154.31% -
Weighted Average Maturity
(years)
10.09 11.12
Effective Duration
(years)
7.61 7.21

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
Treasuries 45.67 53.11
Credit-Investment Grade 24.18 18.83
MBS 13.52 10.85
Government Related 7.36 13.23
Inflation Linked 4.37 -
CMO 2.02 -
ABS 1.61 0.20
Credit-High Yield 0.82 0.04
Credit Default Swap -3.12 -
Cash & Equivalents 3.57 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
North America 42.02 41.28
Europe 26.59 29.65
Japan 11.35 15.45
Asia/Pacific Ex Japan 8.39 9.81
Latin America 6.08 0.96
Africa/Mideast 2.00 0.77
Cash & Equivalents 3.57 -
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
Non-U.S. Developed 42.54 49.51
U.S. 37.77 37.96
Non-U.S. Emerging 16.12 10.45
Cash & Equivalents 3.57 -
MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 05/31/2020)
< 1 yr 0.68 0.79
1 - 3 yrs 10.96 20.56
3 - 5 yrs 20.26 17.13
5 - 7 yrs 13.45 11.96
7 - 10 yrs 28.86 13.72
10 - 20 yrs 12.60 13.14
> 20 yrs 12.74 22.66
N/A -3.12 0.04
Credit Quality of Fixed Income Holdings % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
Aaa 29.64 37.80
Aa 12.17 15.15
A 23.82 30.82
Baa 25.46 15.75
Ba 0.30 0.05
NOT RATED 5.04 0.43

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