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
$49.04
As of 05/19/2025

1-Day Change
$0.03 (0.06%)
As of 05/19/2025

YTD Return
1.88%
As of 05/19/2025

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 03/27/2025

Overview

Alert:

Due to a system outage certain daily data updates as of May 20, 2025 are delayed and will be posted as soon as possible.

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 03/31/2025)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 1.25 1.25 6.44 4.79 3.34 2.89
Market-Price 1.27 1.27 6.52 4.76 3.33 2.89
FTSE 3-Month U.S. Treasury Bill 1.10 1.10 5.17 4.42 2.69 2.25
RETURNS (%) (As of 04/30/2025)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 0.98 1.52 6.53 4.98 3.17 2.89
Market-Price 1.04 1.48 6.55 4.96 3.14 2.89
FTSE 3-Month U.S. Treasury Bill 1.08 1.46 5.07 4.54 2.74 2.27
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 03/31/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 4 24 35 - 14
US Fund Ultrashort Bond | Rank/Count 11/256 47/210 76/197 0/0 20/172
 (As of 04/30/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 3 20 34 - 14
US Fund Ultrashort Bond | Rank / Count 12/256 39/218 70/197 -/- 20/172

Growth of a Hypothetical Investment

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

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

RISK / REWARD
VS. FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Information Ratio 0.47 0.45
Alpha 0.46 0.42
Tracking Error 0.90 0.91
Beta 3.44 4.90
R-squared (%) 33.52 42.22
UP/DOWN MARKET CAPTURE (%)
FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Up Capture Ratio 109.69 115.39
STANDARD DEVIATION 3YR 5YR
Short Duration Income ETF 1.08 1.20
FTSE 3-Month U.S. Treasury Bill 0.41 0.70
SHARPE RATIO 3YR 5YR
Short Duration Income ETF 0.37 0.34
FTSE 3-Month U.S. Treasury Bill -0.04 0.00
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
05/01/202505/01/202505/07/2025$0.205059$0.000000$0.000000$0.205059
04/01/202504/01/202504/07/2025$0.192379$0.000000$0.000000$0.192379
03/03/202503/03/202503/07/2025$0.198360 $0.000000$0.000000$0.198360
02/03/202502/03/202502/07/2025$0.178943$0.000000$0.000000$0.178943
12/23/202412/23/202412/30/2024$0.219471$0.000000$0.000000$0.219471
12/02/202412/02/202412/06/2024$0.203961$0.000000$0.000000$0.203961
11/01/202411/01/202411/07/2024$0.204039$0.000000$0.000000$0.204039
View Full History

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of 05/16/2025)
% of Fund
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028 1.72
Citigroup Inc. 5.61% 29-SEP-2026 1.37
Goldman Sachs Bank USA 5.283% 18-MAR-2027 1.31
Atlas Warehouse Lending Co. 6.05% 15-JAN-2028 1.02
Molex Electronic Technologies LLC 4.75% 30-APR-2028 0.98
Bank of America Corporation 4.979% 24-JAN-2029 0.97
Bank Australia Limited FRN 21-FEB-2028 0.96
Korea Electric Power Corporation 4.875% 31-JAN-2027 0.92
Illumina, Inc. 5.8% 12-DEC-2025 0.91
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048 0.90
View full holdings
Portfolio Characteristics (As of 05/16/2025)
 
Number of Holdings
Debt Issues
265
Portfolio Turnover Rate
(1-year trailing)
27.82%
Weighted Average Maturity
(years)
2.17
Effective Duration
(years)
0.84
Yield to Worst
5.13%
Sector Allocation % of Fund % of Fund As of 05/16/2025
Regional Allocation % of Fund % of Fund As of 05/16/2025
Developed vs Emerging Markets % of Fund % of Fund As of 05/16/2025
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 05/16/2025
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 05/16/2025

Documents