For Financial Professionals in the US

JGBIX Global Bond Fund

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

NAV
$10.57
As of 11/25/2020

1-Day Change
$0.02 (0.19%)
As of 11/25/2020

YTD Return
11.23%
As of 11/25/2020

Morningstar Rating

As of 10/31/2020

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.

Performance

RETURNS (%) (As of 09/30/2020)
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 2.99 8.77 8.21 4.44 3.69 3.43
Bloomberg Barclays Global Aggregate Bond Index 2.66 5.72 6.24 4.10 3.92 2.71
RETURNS (%) (As of 10/31/2020)
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 -0.36 8.92 7.76 4.59 3.63 3.42
Bloomberg Barclays Global Aggregate Bond Index -0.42 5.82 5.63 4.26 3.90 2.70
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 09/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 9 11 45 - 13
World Bond Category|Rank/Count 11/207 17/193 93/188 -/- 20/165
(As Of 10/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 8 10 45 - 14
World Bond Category|Rank/Count 10/205 18/191 93/186 -/- 21/163
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 10/31/2020 Class I Shares)

RISK / REWARD
VS. Bloomberg Barclays Global Aggregate Bond Index
3YR 5YR
Information Ratio 0.18 -0.16
Alpha 0.23 -0.02
Tracking Error 1.79 1.67
Beta 1.03 0.94
R-squared (%) 84.86 88.00
UP/DOWN MARKET CAPTURE (%)
VS. Bloomberg Barclays Global Aggregate Bond Index
3YR 5YR
Up Capture Ratio 108.69 94.71
Down Capture Ratio 108.94 96.26
STANDARD DEVIATION 3YR 5YR
Global Bond Fund 4.59 4.75
Bloomberg Barclays Global Aggregate Bond Index 4.13 4.74
SHARPE RATIO 3YR 5YR
Global Bond Fund 0.65 0.52
Bloomberg Barclays Global Aggregate Bond Index 0.64 0.58
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2020)
CLASS I SHARES
Management Fees 0.60%
Other Expenses 0.25%
Total Gross Expenses 0.85%
Waivers -0.16%
Total Net Expenses 0.69%

Portfolio

Index represents the Bloomberg Barclays Global Aggregate Bond Index.

Top Holdings (As of 10/31/2020)
% of Fund
Japan Government Ten Year Bond, 0.10%, 12/20/29 4.79
Japanese Government CPI Linked Bond, 0.10%, 03/10/29 4.49
Mexican Bonos, 8.00%, 12/07/23 4.15
United States Treasury Note/Bond, 0.38%, 03/31/22 3.47
European Union, 0.00%, 10/04/30 2.65
Freddie Mac Pool, 3.00%, 11/01/49 2.46
Indonesia Treasury Bond, 8.38%, 03/15/34 2.46
Spain Government Bond, 1.25%, 10/31/30 2.41
United Kingdom Gilt, 1.62%, 10/22/28 2.37
Province of British Columbia Canada, 2.85%, 06/18/25 1.92
Total 31.17
View full holdings
Portfolio Characteristics (As of 10/31/2020)
  FUND INDEX
Number of Holdings
Debt Issues
251 26326
Portfolio Turnover Rate
(1-year trailing)
135.74% -
Weighted Average Maturity
(years)
9.23 11.07
Effective Duration
(years)
7.36 7.33
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 10/31/2020)
Treasuries 38.92 53.14
Credit-Investment Grade 26.71 18.85
MBS 10.41 10.23
Government Related 10.38 14.05
Inflation Linked 4.50 -
Credit-High Yield 3.40 -
ABS 1.97 0.16
Futures 0.88 -
CMO 0.79 -
Cash & Equivalents 2.04 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 10/31/2020)
North America 36.63 39.77
Europe 24.02 30.05
Asia/Pacific Ex Japan 12.86 11.75
Japan 11.33 14.57
Latin America 7.64 1.09
Supranational 3.14 2.00
Africa/Mideast 2.34 0.77
Cash & Equivalents 2.04 -
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 10/31/2020)
Non-U.S. Developed 38.89 49.20
U.S. 32.33 36.43
Non-U.S. Emerging 23.60 12.37
Other 3.14 2.00
Cash & Equivalents 2.04 -
MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 10/31/2020)
< 1 yr 2.11 0.76
1 - 3 yrs 13.99 20.63
3 - 5 yrs 20.64 17.14
5 - 7 yrs 8.79 12.01
7 - 10 yrs 35.04 13.90
10 - 20 yrs 6.72 13.77
> 20 yrs 10.67 21.79
Credit Quality of Fixed Income Holdings % OF FUND % of Index % OF FUND % of Index (As of 10/31/2020)
Aaa 24.59 36.60
Aa 11.40 15.37
A 31.93 32.16
Baa 24.87 15.86
Ba 3.08 0.01
B 1.21 -
NOT RATED 0.88 -

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