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
$49.24
As of 09/17/2025

1-Day Change
$0.00 (0.00%)
As of 09/17/2025

YTD Return
4.02%
As of 09/17/2025

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 06/30/2025)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 1.39 2.65 6.42 5.48 3.13 2.97
Market-Price 1.39 2.68 6.53 5.46 3.11 2.97
FTSE 3-Month U.S. Treasury Bill 1.09 2.21 4.88 4.75 2.88 2.31
RETURNS (%) (As of 08/31/2025)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 1.58 3.70 5.80 5.65 3.22 3.03
Market-Price 1.54 3.68 5.71 5.63 3.20 3.03
FTSE 3-Month U.S. Treasury Bill 1.11 2.97 4.69 4.92 3.03 2.35
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 - 14
US Fund Ultrashort Bond | Rank/Count 11/253 42/216 55/194 -/- 20/172
 (As of 08/31/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 10 20 25 - 14
US Fund Ultrashort Bond | Rank / Count 21/253 37/216 51/193 -/- 20/167

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
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
03/03/202503/03/202503/07/2025$0.1983600 $0.0000000$0.0000000$0.1983600
View Full History

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of 09/17/2025)
% of Fund
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028 1.59
Citigroup Inc. 5.61% 29-SEP-2026 1.28
Goldman Sachs Bank USA 5.283% 18-MAR-2027 1.23
Janus Henderson AAA CLO ETF 0.99
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028 0.95
Molex Electronic Technologies LLC 4.75% 30-APR-2028 0.94
Bank Australia Limited FRN 21-FEB-2028 0.93
Bank of America Corporation 4.979% 24-JAN-2029 0.91
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035 0.86
Korea Electric Power Corporation 4.875% 31-JAN-2027 0.86
View full holdings
Portfolio Characteristics (As of 09/16/2025)
 
Number of Holdings
Debt Issues
286
Portfolio Turnover Rate
(1-year trailing)
18.39%
Weighted Average Maturity
(years)
1.78
Effective Duration
(years)
0.66
Yield to Worst
4.60%
Sector Allocation % of Fund % of Fund As of 09/16/2025
Regional Allocation % of Fund % of Fund As of 09/16/2025
Developed vs Emerging Markets % of Fund % of Fund As of 09/16/2025
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 09/16/2025
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 09/16/2025

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