For Financial Professionals in the US

VNLA Short Duration Income ETF

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

NAV
$50.17
As of 09/27/2021

1-Day Change
$0.01 (0.02%)
As of 09/27/2021

YTD Return
0.05%
As of 09/27/2021

Morningstar Rating

As of 08/31/2021

Overview

Quarterly Update

Watch the investment team recap this quarter.

Striving to Deliver Cash PLUS 2%-3% from Investments

An ETF seeking global fixed income investments that can provide return above FTSE 3-Month U.S. Treasury Bill Index (a proxy for cash)

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Investors in VNLA may

  • Want to put cash to work to seek a steady income stream
  • Seek higher returns on cash than a money market fund
  • Place high priority on capital preservation
  • Be looking to diversify their fixed income allocation
  • Want intra-day liquidity for near-term needs

The Fund may be subject to greater investment risk than a money market fund.

In Your Portfolio

VNLA's targeted absolute return, coupled with a focus on risk, make it an attractive option for investors. By keeping duration low, the Fund seeks to minimize interest rate risk.

Hypothetical examples are for illustrative purposes only and do not represent the returns of any particular investment.

Differences between compared investments may include objectives, sales and management fees, liquidity, volatility, tax features and other features, which may result in differences in performance.

Benefits of an Absolute Return Approach

Without benchmark constraints, the fund is free to invest across global fixed income markets, giving the portfolio managers the latitude to:

  • Fully express their high-conviction active views
  • Avoid areas of the market where they see greater downside risk
  • Make what they believe to be the best investment decisions on behalf of investors.

Investment Process

STRUCTURAL ALPHA

Investments with Alpha-Generating Potential

An opportunity set that may leverage derivatives through alpha seeking or protection strategies to express our view on global credit, interest rates, and duration

YIELD FOUNDATION

Short-Term Fixed Income Investments

Predominantly high-quality investment grade short-duration fixed income assets, diversified across sectors and geographies worldwide

Janus Henderson Investors

VNLA – Our Cash PLUS ETF

An Active, Global Absolute Return Approach to Put Cash to Work

PORTFOLIO MANAGEMENT

Nick Maroutsos

Head of Global Bonds | Portfolio Manager

Industry since 1999. Joined Firm in 2015.

Daniel Siluk

Portfolio Manager

Industry since 2003. Joined Firm in 2015.

Jason England

Portfolio Manager

Industry since 1994. Joined Firm in 2017.

Performance

RETURNS (%) (As of 06/30/2021)
NAV Market Price FTSE 3-Month Treasury Bill Index
 
3M YTD 1YR 3YR Since Inception
(11/16/2016)
NAV 0.27 -0.13 0.92 2.69 2.35
Market Price 0.31 -0.09 0.80 2.65 2.35
FTSE 3-Month Treasury Bill Index 0.01 0.03 0.08 1.31 1.21
RETURNS (%) (As of 08/31/2021)
NAV Market Price FTSE 3-Month Treasury Bill Index
 
3M YTD 1YR 3YR Since Inception
(11/16/2016)
NAV 0.10 -0.04 0.43 2.50 2.29
Market Price 0.08 -0.02 0.37 2.47 2.29
FTSE 3-Month Treasury Bill Index 0.01 0.03 0.06 1.20 1.17

PREMIUM/DISCOUNT HISTORY

DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
09/01/2021 09/02/2021 09/08/2021 $0.044928 $0.000000 $0.000000 $0.044928
08/02/202108/03/202108/06/2021$0.044326$0.000000 $0.000000 $0.044326
07/01/2021 07/02/2021 07/08/2021 $0.043860 $0.000000 $0.000000 $0.043860
06/01/202106/02/202106/07/2021$0.042626$0.000000 $0.000000 $0.042626
05/03/202105/04/202105/07/2021$0.042123$0.000000 $0.000000 $0.042123
04/01/202104/05/202104/08/2021$0.040800$0.000000 $0.000000 $0.040800
View Full History

MORNINGSTAR PERCENTILE

(As Of 06/30/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 47 8 - - 9
Ultrashort Bond Category|Rank/Count 111/236 16/222 -/- -/- 18/208
(As Of 08/31/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 57 11 - - 12
Ultrashort Bond Category|Rank/Count 129/241 22/229 -/- -/- 19/212

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of 09/24/2021)
% of Fund
AT&T Inc. 0.9% 25-MAR-2024 1.19
Georgia-Pacific LLC 0.625% 15-MAY-2024 1.05
Morgan Stanley 1.512% 20-JUL-2027 1.01
Australia & New Zealand Banking Group Ltd|2.95|07/22/2030 0.91
Wells Fargo & Company 1.654% 02-JUN-2024 0.90
Boeing Company 1.433% 04-FEB-2024 0.89
Johnson & Johnson 0.55% 01-SEP-2025 0.86
Citigroup Inc. 1.122% 28-JAN-2027 0.86
Hewlett Packard Enterprise Company 1.45% 01-APR-2024 0.83
Cardinal Health, Inc. 3.079% 15-JUN-2024 0.81
View Full Holdings

Documents