For Financial Professionals in the US

JASBX 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
$2.80
As of 09/25/2023

1-Day Change
$0.00 (0.01%)
As of 09/25/2023

YTD Return
1.56%
As of 09/25/2023

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.

Knowledge Shared

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

Greg Wilensky, CFA

Head of U.S. Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 08/31/2023)
Short Duration Flexible Bond Fund - Class T Shares 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 - Class T Shares 0.64 1.99 1.79 -0.86 1.04 1.00 3.32
Bloomberg 1-3 Year U.S. Government/Credit Index 0.37 1.92 1.57 -0.70 1.21 1.05 3.36
RETURNS (%) (As of 06/30/2023)
Short Duration Flexible Bond Fund - Class T Shares 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 - Class T Shares -0.55 0.95 1.45 -0.89 0.91 0.95 3.31
Bloomberg 1-3 Year U.S. Government/Credit Index -0.37 1.13 0.52 -0.88 1.13 0.99 3.36
Calendar Year Returns (%)
Short Duration Flexible Bond Fund - Class T Shares Bloomberg 1-3 Year U.S. Government/Credit Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Short Duration Flexible Bond Fund - Class T Shares -5.41 -0.22 4.70 4.07 0.79 1.18 1.48 0.19 0.55 1.34
Bloomberg 1-3 Year U.S. Government/Credit Index -3.69 -0.47 3.33 4.03 1.60 0.84 1.28 0.65 0.77 0.64

MORNINGSTAR PERCENTILE

(As Of 06/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 52 65 76 73 50
Short-Term Bond | Rank/Count 270/579 346/552 373/520 300/444 68/154
(As Of 08/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 66 63 72 76 50
Short-Term Bond | Rank / Count 354/579 334/553 355/523 312/444 66/153
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 08/31/2023 Class I Shares)

RISK / REWARD
VS. Bloomberg 1-3 Year US Govt/Credit TR Index
3YR 5YR
Information Ratio -0.09 -0.04
Alpha 0.40 -0.00
Tracking Error 1.27 2.08
Beta 1.21 1.14
R-squared (%) 78.96 47.44
UP/DOWN MARKET CAPTURE (%)
VS. Bloomberg 1-3 Year US Govt/Credit TR Index
3YR 5YR
Up Capture Ratio 140.23 114.68
Down Capture Ratio 132.10 128.69
STANDARD DEVIATION 3YR 5YR
Short Duration Flexible Bond Fund 2.63 2.86
Bloomberg 1-3 Year US Govt/Credit TR Index 1.94 1.75
SHARPE RATIO 3YR 5YR
Short Duration Flexible Bond Fund -0.94 -0.18
Bloomberg 1-3 Year US Govt/Credit TR Index -1.21 -0.25
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS T SHARES
Management Fees 0.44%
Other Expenses 0.29%
Total Gross Expenses 0.73%
Waivers -0.09%
Total Net Expenses 0.64%

Portfolio

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

Top Holdings (As of 08/31/2023)
% of Fund
United States Treasury Note/Bond, 4.62%, 06/30/25 7.45
United States Treasury Note/Bond, 0.38%, 10/31/23 5.40
United States Treasury Note/Bond, 3.00%, 07/31/24 3.81
United States Treasury Note/Bond, 4.25%, 12/31/24 3.00
United States Treasury Note/Bond, 0.50%, 11/30/23 2.51
United States Treasury Note/Bond, 4.25%, 09/30/24 2.38
United States Treasury Note/Bond, 4.38%, 08/31/28 2.10
Centene Corp, 4.25%, 12/15/27 1.60
United States Treasury Note/Bond, 0.88%, 01/31/24 1.50
CF Hippolyta Issuer LLC, 5.97%, 08/15/62 1.50
Total 31.25
View full holdings
Portfolio Characteristics (As of 08/31/2023)
  FUND INDEX
Number of Holdings
Debt Issues
325 1994
Portfolio Turnover Rate
(1-year trailing)
107.08% -
Weighted Average Maturity
(years)
2.82 1.88
Effective Duration
(years)
2.53 1.75
Yield to Worst
5.97% 5.17%

Yield to Worst is a portfolio level calculation that excludes cash and cash related costs.

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Maturity Breakdown of Fixed Income Holdings % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Credit Quality of Fixed Income Holdings % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)

Documents