For Individual Investors in the US

JGBDX Global Bond Fund

A dynamic global bond fund that seeks superior risk-adjusted returns relative to the benchmark over a market cycle

NAV
$10.15
As of 07/23/2021

1-Day Change
-$0.01 (-0.09%)
As of 07/23/2021

YTD Return
-2.61%
As of 07/23/2021

Morningstar Rating

As of 06/30/2021

Overview

ABOUT THIS FUND

This dynamic, global multi-sector fixed income fund seeks risk-adjusted returns and capital preservation.

WHY INVEST IN THIS FUND

Risk Management: Our risk process is focused on understanding portfolio behaviors and adjusting the risk exposure over a market cycle, seeking to deliver superior risk-adjusted returns relative to the benchmark.

Cross asset collaboration: We draw on the input and experience of specialists across different asset classes. Incorporating these insights results in a deeper understanding of the current investment regime, helping us to identify the major turning points and specific opportunities.

Scenario-driven research: Investment decisions are made through a probabilistic lens, not a central forecast. Our assessment is informed by considering the distribution of potential outcomes and in turn a focus on relative attractiveness of fixed income sectors.

Knowledge. Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions.

We call this ethos Knowledge. Shared.

PORTFOLIO MANAGEMENT

Andrew Mulliner, CFA

Head of Global Aggregate Strategies | Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Nick Maroutsos

Head of Global Bonds | Portfolio Manager

Industry since 1999. Joined Firm in 2015.

Helen Anthony, CFA

Portfolio Manager

Industry since 2010. Joined Firm in 2010.

Performance

RETURNS (%) (As of 06/30/2021)
Global Bond Fund - Class D Shares Bloomberg Barclays Global Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/28/2010)
Global Bond Fund - Class D Shares 1.63 -2.98 3.94 4.84 2.85 2.85 3.19
Bloomberg Barclays Global Aggregate Bond Index 1.31 -3.21 2.63 4.23 2.34 2.05 2.52
RETURNS (%) (As of 06/30/2021)
Global Bond Fund - Class D Shares Bloomberg Barclays Global Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/28/2010)
Global Bond Fund - Class D Shares 1.63 -2.98 3.94 4.84 2.85 2.85 3.19
Bloomberg Barclays Global Aggregate Bond Index 1.31 -3.21 2.63 4.23 2.34 2.05 2.52
CALENDAR YEAR RETURNS (%)
Global Bond Fund - Class D Shares Bloomberg Barclays Global Aggregate Bond Index
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Global Bond Fund - Class D Shares 6.65 8.02 -2.01 5.58 -4.36 0.25 7.26 -2.37 5.90 13.12
Bloomberg Barclays Global Aggregate Bond Index 5.64 4.32 -2.60 0.59 -3.15 2.09 7.39 -1.20 6.84 9.20
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 06/30/2021 Class I Shares)

RISK / REWARD
VS. Bloomberg Barclays Global Aggregate Bond Index
3YR 5YR
Information Ratio 0.41 0.37
Alpha 0.66 0.53
Tracking Error 1.62 1.49
Beta 1.00 1.01
R-squared (%) 88.22 90.58
UP/DOWN MARKET CAPTURE (%)
VS. Bloomberg Barclays Global Aggregate Bond Index
3YR 5YR
Up Capture Ratio 106.46 106.56
Down Capture Ratio 97.80 98.76
STANDARD DEVIATION 3YR 5YR
Global Bond Fund 4.71 4.85
Bloomberg Barclays Global Aggregate Bond Index 4.44 4.56
SHARPE RATIO 3YR 5YR
Global Bond Fund 0.76 0.36
Bloomberg Barclays Global Aggregate Bond Index 0.66 0.26
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/20)
CLASS D SHARES
Management Fees 0.60%
Other Expenses 0.33%
Total Gross Expenses 0.93%
Waivers -0.20%
Total Net Expenses 0.73%

Portfolio

Index represents the Bloomberg Barclays Global Aggregate Bond Index.

Top Holdings (As of 06/30/2021)
% of Fund
Japanese Government CPI Linked Bond, 0.10%, 03/10/29 4.53
Japan Government Ten Year Bond, 0.10%, 12/20/29 4.43
United States Treasury Note/Bond, 2.62%, 12/31/25 3.30
United States Treasury Note/Bond, 0.12%, 03/31/23 3.02
United States Treasury Note/Bond, 2.88%, 10/31/23 2.81
China Government Bond, 2.68%, 05/21/30 2.68
United Kingdom Gilt, 1.62%, 10/22/28 2.52
Indonesia Treasury Bond, 8.38%, 03/15/34 2.42
Spain Government Bond, 1.25%, 10/31/30 2.35
China Government Bond, 3.86%, 07/22/49 1.97
Total 30.03
View Full Holdings
Portfolio Characteristics (As of 06/30/2021)
  FUND INDEX
Number of Holdings
Debt Issues
217 27152
Portfolio Turnover Rate
(1-year trailing)
54.36% -
Weighted Average Maturity
(years)
9.16 11.03
Effective Duration
(years)
8.02 7.41
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 06/30/2021)
Treasuries 43.67 52.99
Credit-Investment Grade 23.46 18.59
Government Related 10.35 14.51
Credit-High Yield 8.28 -
MBS 5.75 10.44
Inflation Linked 4.52 -
ABS 1.11 0.14
CMO 0.37 -
Cash & Equivalents 2.49 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of June 30, 2021)
North America 36.47 40.23
Europe 25.60 29.45
Asia/Pacific Ex Japan 13.47 12.62
Japan 12.73 13.68
Latin America 3.27 1.09
Africa/Mideast 3.03 0.76
Supranational 2.94 2.17
Cash & Equivalents 2.49 -
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of June 30, 2021)
Non-U.S. Developed 42.21 47.95
U.S. 31.73 36.66
Non-U.S. Emerging 20.63 13.22
Other 2.94 2.17
Cash & Equivalents 2.49 -
MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of June 30, 2021)
< 1 yr 1.64 0.93
1 - 3 yrs 9.74 20.74
3 - 5 yrs 23.90 17.49
5 - 7 yrs 5.28 12.03
7 - 10 yrs 39.40 13.90
10 - 20 yrs 7.60 13.83
> 20 yrs 9.62 21.08
N/A 0.33 -
Credit Quality of Fixed Income Holdings % OF FUND % of Index % OF FUND % of Index (As of June 30, 2021)
Aaa 22.46 36.97
Aa 14.96 15.28
A 30.26 31.62
Baa 20.61 16.13
Ba 6.23 -
B 2.66 -
NOT RATED 0.33 -

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