Please ensure Javascript is enabled for purposes of website accessibility Absolute Return Income Opportunities Fund - Janus Henderson Investors
For Institutional Investors in the US

JUCIX Absolute Return Income Opportunities Fund

An absolute return strategy that takes advantage of flexibility to express high-conviction active views through a macro lens

NAV
$8.88
As of 07/12/2024

1-Day Change
$0.00 (0.01%)
As of 07/12/2024

YTD Return
2.89%
As of 07/12/2024

Overview

CLIENT COMMITMENT

This benchmark-agnostic fund has the flexibility to invest across global fixed income markets. The Fund has latitude to act on high-conviction ideas and seeks to achieve positive absolute returns in a variety of market environments.

WHY INVEST IN THE PORTFOLIO

Experienced Investors: The investment team focuses on managing strategies with absolute return targets that seek to provide a stable and consistent performance with a low tolerance for risk. The team has managed unconstrained, absolute return portfolios through marked periods of extreme volatility and stress.

Investment Flexibility Across a Global Opportunity Set: The Fund invests broadly across global fixed income markets and is not constrained by benchmark-specific guidelines. This latitude allows the team to fully express high-conviction active views and potentially or seeks to avoid areas where we see greater downside risk.

Uncorrelated Sources of Return: The Fund seeks to provide positive long-term returns through the combination of core fixed income securities and derivative-based, return-seeking strategies. This allows access to potential sources of returns that are intended to be uncorrelated to traditional risk assets.

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.

Dylan Bourke, CFA

Portfolio Manager

Industry since 2009. Joined Firm in 2015.

Performance

RETURNS (%) (As of 06/30/2024)
Absolute Return Income Opportunities Fund - I Shares FTSE 3-Month U.S. Treasury Bill Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/27/2014)
Absolute Return Income Opportunities Fund - I Shares 1.33 2.31 6.51 2.41 2.54 1.58 1.57
FTSE 3-Month U.S. Treasury Bill Index 1.37 2.76 5.64 3.17 2.22 1.53 1.52
RETURNS (%) (As of 06/30/2024)
Absolute Return Income Opportunities Fund - I Shares FTSE 3-Month U.S. Treasury Bill Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/27/2014)
Absolute Return Income Opportunities Fund - I Shares 1.33 2.31 6.51 2.41 2.54 1.58 1.57
FTSE 3-Month U.S. Treasury Bill Index 1.37 2.76 5.64 3.17 2.22 1.53 1.52
Calendar Year Returns (%)
Absolute Return Income Opportunities Fund - I Shares FTSE 3-Month U.S. Treasury Bill Index
2023 2022 2021 2020 2019 2018 2017 2016 2015
Absolute Return Income Opportunities Fund - I Shares 7.01 -1.46 -0.43 3.56 3.37 -3.88 2.43 5.26 -0.43
FTSE 3-Month U.S. Treasury Bill Index 5.26 1.50 0.05 0.58 2.25 1.86 0.84 0.27 0.03
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS I SHARES
Management Fees 0.65%
Other Expenses 0.60%
Total Gross Expenses 1.25%
Waivers -0.52%
Total Net Expenses 0.73%

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of 05/31/2024)
% of Fund
Heartland Australia Group Pty Ltd, 6.35%, 07/09/24
National Australia Bank Ltd, 6.36%, 11/18/31
Volkswagen Financial Services NV, 6.50%, 09/18/27
Vicinity Centres Trust, 4.00%, 04/26/27
Janus Henderson AAA CLO ETF
Australia & New Zealand Banking Group Ltd, 6.41%, 07/26/29
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26
Macquarie Bank Ltd, 5.90%, 06/17/31
Vistra Operations Co LLC, 5.12%, 05/13/25
Pay NZD BANK BILL 3MO Receive Fixed 5.44%, 5.44%, 07/27/25
TOTAL 24.36
View full holdings
Portfolio Characteristics (As of 05/31/2024)
 
Number of Holdings
Debt Issues
113
Portfolio Turnover Rate
(1-year trailing)
47.79%
Weighted Average Maturity
(years)
3.30
Effective Duration
(years)
1.52
Yield to Worst
6.11%
Sector Allocation % of Fund % of Fund As of 05/31/2024
Regional Allocation % of Fund % of Fund As of May 31, 2024
Developed vs Emerging Markets % of Fund % of Fund As of May 31, 2024
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of May 31, 2024
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 05/31/2024

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