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

VNLA Short Duration Income ETF

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

NAV
$48.94
As of 10/10/2024

1-Day Change
$0.04 (0.08%)
As of 10/10/2024

YTD Return
5.07%
As of 10/10/2024

Morningstar Rating

As of 09/30/2024

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 09/30/2024)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 2.36 4.99 7.35 3.53 2.80 2.74
Market-Price 2.28 4.87 7.18 3.46 2.77 2.73
FTSE 3-Month U.S. Treasury Bill 1.37 4.17 5.63 3.63 2.38 2.09
RETURNS (%) (As of 09/30/2024)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 2.36 4.99 7.35 3.53 2.80 2.74
Market-Price 2.28 4.87 7.18 3.46 2.77 2.73
FTSE 3-Month U.S. Treasury Bill 1.37 4.17 5.63 3.63 2.38 2.09
Calendar Year Returns (%)
Nav FTSE 3-Month U.S. Treasury Bill
2023 2022 2021 2020 2019 2018 2017
Nav 6.02 -0.08 -0.18 3.07 4.28 1.58 2.07
FTSE 3-Month U.S. Treasury Bill 5.26 1.50 0.05 0.58 2.25 1.86 0.84

Premium/Discount History

Morningstar Percentile

 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 18 41 18 - 14
Ultrashort Bond | Rank/Count 43/254 86/213 34/201 -/- 22/177
 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 18 41 18 - 14
Ultrashort Bond | Rank / Count 43/254 86/213 34/201 -/- 22/177

Returns-Based Statistics (As of 08/31/2024)

RISK / REWARD
VS. FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Information Ratio -0.18 0.23
Alpha -0.14 0.45
Tracking Error 0.97 1.35
Beta 2.00 -2.25
R-squared (%) 55.70 22.52
UP/DOWN MARKET CAPTURE (%)
FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Up Capture Ratio 94.80 113.88
STANDARD DEVIATION 3YR 5YR
Short Duration Income ETF 1.37 1.54
FTSE 3-Month U.S. Treasury Bill 0.66 0.66
SHARPE RATIO 3YR 5YR
Short Duration Income ETF -0.15 0.23
FTSE 3-Month U.S. Treasury Bill -0.04 0.06
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
10/01/202410/01/202410/07/2024$0.204359$0.000000$0.000000$0.204359
09/03/202409/03/202409/09/2024$0.208788$0.000000$0.000000$0.208788
08/01/2024 08/01/2024 08/07/2024 $0.198080 $0.000000$0.000000$0.198080
07/01/202407/01/202407/08/2024$0.202487$0.000000$0.000000$0.202487
06/03/202406/03/202406/07/2024$0.206707$0.000000$0.000000$0.206707
05/01/202405/02/202405/07/2024$0.199931$0.000000$0.000000$0.199931
04/01/202404/02/202404/05/2024$0.198809$0.000000$0.000000$0.198809
03/01/202403/04/202403/07/2024$0.193838$0.000000$0.000000$0.193838
View Full History

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of 10/09/2024)
% of Fund
Citigroup Inc. 5.61% 29-SEP-2026 1.57
Goldman Sachs Bank USA 5.283% 18-MAR-2027 1.52
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028 1.41
NOW Trust 2024-1 A 14-JUN-2032 1.39
Macquarie Group Limited 6.207% 22-NOV-2024 1.33
Bank Australia Limited FRN 21-FEB-2028 1.18
GE Healthcare Technologies Inc. 5.55% 15-NOV-2024 1.15
Bank of America Corporation 1.319% 19-JUN-2026 1.10
Vistra Operations Co. LLC 5.125% 13-MAY-2025 1.08
Korea Electric Power Corporation 4.875% 31-JAN-2027 1.07
View full holdings
Portfolio Characteristics (As of 10/09/2024)
 
Number of Holdings
Debt Issues
224
Portfolio Turnover Rate
(1-year trailing)
42.00%
Weighted Average Maturity
(years)
2.29
Effective Duration
(years)
0.77
Yield to Worst
5.16%
Sector Allocation % of Fund % of Fund As of 10/09/2024
Regional Allocation % of Fund % of Fund As of 10/09/2024
Developed vs Emerging Markets % of Fund % of Fund As of 10/09/2024
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 10/09/2024
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 10/09/2024

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