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

VNLA Short Duration Income ETF

A capital preservation and income-focused ETF that seeks returns above cash

NAV
$49.17
As of 10/07/2025

1-Day Change
$0.01 (0.02%)
As of 10/07/2025

YTD Return
4.29%
As of 10/07/2025

Morningstar Rating

As of 08/31/2025

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 03/27/2025

Overview

About this ETF

For investors looking to diversify their fixed income allocation and seeking a higher return on cash than a money market fund. VNLA seeks to generate income through investment flexibility across a global opportunity set, with low volatility and capital preservation across economic cycles.

Why Invest in this ETF

Capital preservation
Risk management is fully-integrated into our approach, and we will manage to our overall volatility budget actively and swiftly.

Income generation
A versatile solution combining return-seeking and consistent income generating objectives.

Global diversification
We collaborate on a global scale across team and portfolio to access the best relative value opportunities.

Portfolio Management

Daniel Siluk

Head of Global Short Duration & Liquidity | Portfolio Manager

Industry since 2004. Joined Firm in 2015.

Addison Maier

Portfolio Manager

Industry since 2011. Joined Firm in 2011.

Performance

RETURNS (%) (As of 09/30/2025)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 1.49 4.19 5.52 5.91 3.31 3.05
Market-Price 1.41 4.12 5.62 5.92 3.28 3.05
FTSE 3-Month U.S. Treasury Bill 1.11 3.34 4.61 4.98 3.10 2.37
RETURNS (%) (As of 09/30/2025)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 1.49 4.19 5.52 5.91 3.31 3.05
Market-Price 1.41 4.12 5.62 5.92 3.28 3.05
FTSE 3-Month U.S. Treasury Bill 1.11 3.34 4.61 4.98 3.10 2.37
Calendar Year Returns (%)
Nav FTSE 3-Month U.S. Treasury Bill
2024 2023 2022 2021 2020 2019 2018 2017
Nav 6.34 6.02 -0.08 -0.18 3.07 4.28 1.58 2.07
FTSE 3-Month U.S. Treasury Bill 5.45 5.26 1.50 0.05 0.58 2.25 1.86 0.84

Premium/Discount History

Morningstar Percentile

 (As of 06/30/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 3 21 26 - 13
US Fund Ultrashort Bond | Rank/Count 11/253 42/216 55/194 -/- 19/166
 (As of 08/31/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 10 20 25 - 13
US Fund Ultrashort Bond | Rank / Count 21/253 37/216 51/193 -/- 19/166

Growth of a Hypothetical Investment

@Nav FTSE 3-Month U.S. Treasury Bill Ultrashort Bond

Returns-Based Statistics (As of 08/31/2025)

RISK / REWARD
VS. FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Information Ratio 0.84 0.22
Alpha 0.62 0.20
Tracking Error 0.83 0.82
Beta 4.00 2.66
R-squared (%) 23.19 56.18
UP/DOWN MARKET CAPTURE (%)
FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Up Capture Ratio 114.72 106.09
STANDARD DEVIATION 3YR 5YR
Short Duration Income ETF 0.91 1.20
FTSE 3-Month U.S. Treasury Bill 0.23 0.68
SHARPE RATIO 3YR 5YR
Short Duration Income ETF 0.78 0.14
FTSE 3-Month U.S. Treasury Bill 0.10 -0.01
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
10/01/202510/01/202510/07/2025$0.2014900$0.0000000$0.0000000$0.2014900
09/02/202509/02/202509/08/2025$0.1986910$0.0000000$0.0000000$0.1986910
08/01/202508/01/202508/07/2025$0.2035050$0.0000000$0.0000000$0.2035050
07/01/202507/01/202507/08/2025$0.2057000$0.0000000$0.0000000$0.2057000
06/02/202506/02/202506/06/2025$0.2102100$0.0000000$0.0000000$0.2102100
05/01/202505/01/202505/07/2025$0.2050590$0.0000000$0.0000000$0.2050590
04/01/202504/01/202504/07/2025$0.1923790$0.0000000$0.0000000$0.1923790
View Full History

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of 10/07/2025)
% of Fund
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028 1.62
Goldman Sachs Bank USA 5.283% 18-MAR-2027 1.23
Janus Henderson AAA CLO ETF 1.00
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028 0.96
Molex Electronic Technologies LLC 4.75% 30-APR-2028 0.95
Bank Australia Limited FRN 21-FEB-2028 0.93
Bank of America Corporation 4.979% 24-JAN-2029 0.92
Korea Electric Power Corporation 4.875% 31-JAN-2027 0.86
LPL Holdings, Inc. 4.625% 15-NOV-2027 0.85
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048 0.85
View full holdings
Portfolio Characteristics (As of 10/07/2025)
 
Number of Holdings
Debt Issues
286
Portfolio Turnover Rate
(1-year trailing)
15.90%
Weighted Average Maturity
(years)
1.70
Effective Duration
(years)
0.65
Yield to Worst
4.42%
Sector Allocation % of Fund % of Fund As of 10/07/2025
Regional Allocation % of Fund % of Fund As of 10/07/2025
Developed vs Emerging Markets % of Fund % of Fund As of 10/07/2025
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 10/06/2025
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 10/07/2025

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