Please ensure Javascript is enabled for purposes of website accessibility Short Duration Flexible Bond Fund - Janus Henderson Investors - US Advisor
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For Financial Professionals in the US

JSHAX Short Duration Flexible Bond Fund

Core fund that benefits from a bottom-up, fundamentally driven investment process designed to generate risk adjusted returns and preserve capital

NAV
$2.88
As of 05/09/2025

1-Day Change
$0.00 (0.01%)
 As of 05/09/2025

YTD Return at NAV
2.01%
As of 05/09/2025

Overview

ABOUT THIS FUND

This dynamic, short-duration bond fund seeks risk-adjusted returns and capital preservation. Our approach leverages a bottom-up, fundamentally driven investment process.

WHY INVEST IN THIS FUND

Dynamic Core Short-Duration Bond Holding
The Fund emphasizes risk-adjusted returns and capital preservation while seeking to identify the best opportunities across fixed income sectors using a bottom-up, fundamentally driven investment process.

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.

Portfolio Management

Greg Wilensky, CFA: Head of US Fixed Income/Head of Core Plus | Portfolio Manager
Greg Wilensky, CFA

Head of US Fixed Income/Head of Core Plus | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough: Portfolio Manager
Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 03/31/2025)
Short Duration Flexible Bond Fund - A Shares (NAV) Short Duration Flexible Bond Fund - A Shares (MOP) Bloomberg 1-3 Year U.S. Government/Credit Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Short Duration Flexible Bond Fund - A Shares (NAV) 1.83 1.83 6.11 3.40 2.58 1.78 3.23
Short Duration Flexible Bond Fund - A Shares (MOP) -0.71 -0.71 3.46 2.54 2.06 1.52 3.07
Bloomberg 1-3 Year U.S. Government/Credit Index 1.63 1.63 5.61 3.10 1.56 1.73 3.47
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Maximum Offering Price (MOP) returns include the maximum sales charge of 2.5%. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns..

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.
RETURNS (%) (As of 04/30/2025)
Short Duration Flexible Bond Fund - A Shares (NAV) Short Duration Flexible Bond Fund - A Shares (MOP) Bloomberg 1-3 Year U.S. Government/Credit Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Short Duration Flexible Bond Fund - A Shares (NAV) 1.46 2.22 7.20 3.96 2.27 1.81 3.23
Short Duration Flexible Bond Fund - A Shares (MOP) -1.08 -0.34 4.52 3.09 1.75 1.55 3.08
Bloomberg 1-3 Year U.S. Government/Credit Index 1.93 2.39 6.76 3.54 1.59 1.80 3.48
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Maximum Offering Price (MOP) returns include the maximum sales charge of 2.5%. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns..

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.
Calendar Year Returns (%)
Short Duration Flexible Bond Fund - A Shares (NAV) Bloomberg 1-3 Year U.S. Government/Credit Index
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Short Duration Flexible Bond Fund - A Shares (NAV) 5.43 5.31 -5.80 0.05 4.31 4.01 0.73 1.11 1.42 0.13
Bloomberg 1-3 Year U.S. Government/Credit Index 4.36 4.61 -3.69 -0.47 3.33 4.03 1.60 0.84 1.28 0.65
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Fund returns shown are at Net Asset Value (NAV) and exclude sales charges, which would have reduced returns.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.

Morningstar Percentile

 (As of 03/31/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 38 53 56 71 66
Short-Term Bond | Rank/Count 188/559 242/538 273/517 286/453 89/139
 (As of 04/30/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 38 52 54 72 67
Short-Term Bond | Rank / Count 193/561 232/538 268/519 294/453 90/139

Growth of a Hypothetical Investment

Short-Term Bond Fund - A Shares (NAV) Bloomberg 1-3 Year U.S. Government/Credit Index Short-Term Bond
Fund returns shown are at Net Asset Value (NAV) and exclude sales charges, which would have reduced returns.
Source: Morningstar, Inc.

This graph compares the performance of a hypothetical $1 investment in the fund, the fund’s Morningstar category average and its benchmark(s). Fund performance is on a Net Asset Value (NAV) basis with net income reinvested where applicable.

Returns-Based Statistics (As of 04/30/2025 Class I Shares)

RISK / REWARD
VS. Bloomberg 1-3 Year US Govt/Credit TR Index		 3YR 5YR
Information Ratio 0.48 0.65
Alpha 0.84 1.24
Tracking Error 1.36 1.37
Beta 1.18 1.29
R-squared (%) 79.95 78.48
UP/DOWN MARKET CAPTURE (%)
Bloomberg 1-3 Year US Govt/Credit TR Index		 3YR 5YR
Up Capture Ratio 120.63 144.03
Down Capture Ratio 121.10 129.64
STANDARD DEVIATION 3YR 5YR
Short Duration Flexible Bond Fund 2.91 2.78
Bloomberg 1-3 Year US Govt/Credit TR Index 2.20 1.98
SHARPE RATIO 3YR 5YR
Short Duration Flexible Bond Fund -0.11 -0.09
Bloomberg 1-3 Year US Govt/Credit TR Index -0.44 -0.57
Annual Fees & Expenses (As of the most recent prospectus)
CLASS A SHARES
Management Fees 0.44%
12b-1 Fees 0.25%
Other Expenses 0.12%
Total Gross Expenses 0.81%
Waivers -0.11%
Total Net Expenses 0.70%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for at least a one-year period commencing on October 28, 2024. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

Index represents the Bloomberg Barclays 1-3 Year U.S. Government/Credit Index.

Top Holdings (As of 03/31/2025)
% of Fund
United States Treasury Note/Bond, 4.00%, 02/28/2030 5.82
United States Treasury Note/Bond, 3.75%, 08/31/2026 3.55
United States Treasury Note/Bond, 4.25%, 12/31/2026 2.40
CF Hippolyta Issuer LLC, 5.97%, 08/15/2062 1.41
JPMorgan Chase & Co, 4.08%, 04/26/2026 0.95
Bank of America Corp, 4.98%, 01/24/2029 0.94
United States Treasury Note/Bond, 3.88%, 03/15/2028 0.75
Discover Financial Services, 4.10%, 02/09/2027 0.74
Berry Global Inc, 5.80%, 06/15/2031 0.74
Synopsys Inc, 4.85%, 04/01/2030 0.74
TOTAL 18.04
View full holdings
Portfolio Characteristics (As of 03/31/2025)
  FUND INDEX
Number of Holdings
Debt Issues		 418 1954
Portfolio Turnover Rate
(1-year trailing)		 131.02% -
Weighted Average Maturity
(years)		 3.18 1.89
Effective Duration
(years)		 2.11 1.78
Yield to Worst
 5.20% 4.09%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 03/31/2025
Regional Allocation % of Fund % of Index % of Fund % of Index As of 03/31/2025
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 03/31/2025
Credit Quality of Fixed Income Holdings % of Fund % of Index % of Fund % of Index As of 03/31/2025

The credit rating displayed is determined based on the availability of ratings from specific agencies. If Moody's, S&P, and Fitch all provide ratings, the middle rating of the three is shown. If only two of these agencies provide ratings, the more conservative (lower) rating is displayed. Should only one of these agencies offer a rating, that rating alone is used. In cases where none of the primary agencies (Moody's, S&P, Fitch) provide a rating, ratings from secondary agencies KBRA or DBRS are considered. If both secondary agencies provide ratings, the more conservative of the two is shown. If only one secondary agency provides a rating, that rating is displayed.

Maturity Breakdown of Fixed Income Holdings % of Fund % of Index % of Fund % of Index As of 03/31/2025

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