For Individual Investors in the US

High-Yield Fund Holdings

Full Portfolio Holdings

(As of June 30, 2022)

% OF INVESTMENTS
Medline Borrower LP, 5.25%, 10/01/29 1.46
Standard Industries Inc/NJ, 3.38%, 01/15/31 1.15
ARD Finance SA, 6.50%, 06/30/27 1.13
Ciena Corp, 4.00%, 01/31/30 1.01
Cargo Aircraft Management Inc, 4.75%, 02/01/28 1.01
CHS/Community Health Systems Inc, 6.88%, 04/15/29 0.99
Western Midstream Operating LP, 4.55%, 02/01/30 0.97
Gray Television Inc, 4.75%, 10/15/30 0.97
Diamond BC BV, 4.62%, 10/01/29 0.96
Twitter Inc, 5.00%, 03/01/30 0.94
First Quantum Minerals Ltd, 7.50%, 04/01/25 0.91
Organon & Co / Organon Foreign Debt Co-Issuer BV, 5.12%, 04/30/31 0.90
II-VI Inc, 5.00%, 12/15/29 0.90
Sunoco LP / Sunoco Finance Corp, 4.50%, 04/30/30 0.90
Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/01/26 0.88
LSF9 Atlantis Holdings LLC / Victra Finance Corp, 7.75%, 02/15/26 0.87
Watco Cos LLC / Watco Finance Corp, 6.50%, 06/15/27 0.85
NGL Energy Operating LLC / NGL Energy Finance Corp, 7.50%, 02/01/26 0.82
Full House Resorts Inc, 8.25%, 02/15/28 0.80
Connect Finco SARL / Connect US Finco LLC, 6.75%, 10/01/26 0.79
Hudbay Minerals Inc, 4.50%, 04/01/26 0.79
PECF USS Intermediate Holding III Corp, 8.00%, 11/15/29 0.79
Tenet Healthcare Corp, 6.12%, 06/15/30 0.79
ION Trading Technologies Sarl, 5.75%, 05/15/28 0.76
TerraForm Power Operating LLC, 4.75%, 01/15/30 0.75
Organon & Co / Organon Foreign Debt Co-Issuer BV, 4.12%, 04/30/28 0.74
Lithia Motors Inc, 4.38%, 01/15/31 0.73
CA Magnum Holdings, 5.38%, 10/31/26 0.72
Seagate HDD Cayman, 4.12%, 01/15/31 0.72
Jane Street Group / JSG Finance Inc, 4.50%, 11/15/29 0.71
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 4.88%, 02/15/30 0.70
TopBuild Corp, 4.12%, 02/15/32 0.70
Service Corp International/US, 3.38%, 08/15/30 0.70
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 5.50%, 01/15/28 0.69
Premier Entertainment Sub LLC / Premier Entertainment Finance Corp, 5.62%, 09/01/29 0.69
Occidental Petroleum Corp, 6.62%, 09/01/30 0.69
Block Communications Inc, 4.88%, 03/01/28 0.68
Premier Entertainment Sub LLC / Premier Entertainment Finance Corp, 5.88%, 09/01/31 0.67
Citigroup Inc, 4.00%, 03/10/99 0.67
GCI LLC, 4.75%, 10/15/28 0.67
Victoria's Secret & Co, 4.62%, 07/15/29 0.66
Ford Motor Credit Co LLC, 3.62%, 06/17/31 0.65
LABL Inc, 8.25%, 11/01/29 0.64
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc, 3.88%, 03/01/31 0.64
SVB Financial Group, 4.25%, 02/15/99 0.64
Match Group Holdings II LLC, 5.62%, 02/15/29 0.63
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp, 6.00%, 08/01/26 0.63
Scripps Escrow II Inc, 5.38%, 01/15/31 0.62
Altice Financing SA, 5.00%, 01/15/28 0.61
Apache Corp, 4.25%, 01/15/30 0.60
Allegheny Technologies Inc, 5.12%, 10/01/31 0.60
Med Trust 2021-MDLN, 5.33%, 11/15/38 0.60
MSCI Inc, 3.62%, 11/01/31 0.60
ModivCare Escrow Issuer Inc, 5.00%, 10/01/29 0.60
FTAI Infra Escrow Holdings LLC, 10.50%, 06/01/27 0.59
Viper Energy Partners LP, 5.38%, 11/01/27 0.59
Hadrian Merger Sub Inc, 8.50%, 05/01/26 0.59
Ziggo Bond Co BV, 5.12%, 02/28/30 0.59
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc, 5.50%, 01/15/30 0.59
FMG Resources August 2006 Pty Ltd, 6.12%, 04/15/32 0.59
Ryan Specialty Group LLC, 4.38%, 02/01/30 0.59
Entegris Inc, 3.62%, 05/01/29 0.58
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc, 5.25%, 08/15/27 0.58
Shea Homes LP / Shea Homes Funding Corp, 4.75%, 04/01/29 0.57
News Corp, 3.88%, 05/15/29 0.57
DT Midstream Inc, 4.12%, 06/15/29 0.57
Altice France SA/France, 5.12%, 07/15/29 0.57
CCO Holdings LLC / CCO Holdings Capital Corp, 5.12%, 05/01/27 0.57
Seagate HDD Cayman, 3.38%, 07/15/31 0.57
Sirius XM Radio Inc, 4.00%, 07/15/28 0.57
Arconic Corp, 6.12%, 02/15/28 0.56
TransDigm Inc, 4.88%, 05/01/29 0.56
OneMain Finance Corp, 5.38%, 11/15/29 0.55
Virtusa Corp, 7.12%, 12/15/28 0.54
Carnival Corp, 7.62%, 03/01/26 0.53
Tenet Healthcare Corp, 4.88%, 01/01/26 0.53
Tacala Investment Corp, 9.21%, 02/05/28 0.52
Liberty Interactive LLC, 8.25%, 02/01/30 0.52
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 6.00%, 09/01/31 0.52
Hudbay Minerals Inc, 6.12%, 04/01/29 0.52
Travel + Leisure Co, 6.60%, 10/01/25 0.52
Rent-A-Center Inc/TX, 6.38%, 02/15/29 0.51
Polar US Borrower LLC / Schenectady International Group Inc, 6.75%, 05/15/26 0.51
Syneos Health Inc, 3.62%, 01/15/29 0.50
New Enterprise Stone & Lime Co Inc, 5.25%, 07/15/28 0.50
Builders FirstSource Inc, 6.38%, 06/15/32 0.49
Iron Mountain Inc, 5.25%, 07/15/30 0.49
Goodyear Tire & Rubber Co, 5.25%, 04/30/31 0.49
Chobani LLC / Chobani Finance Corp Inc, 7.50%, 04/15/25 0.48
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 4.62%, 01/15/27 0.48
CSC Holdings LLC, 5.38%, 02/01/28 0.48
Life Time Inc, 5.75%, 01/15/26 0.48
Tenet Healthcare Corp, 4.25%, 06/01/29 0.48
Tutor Perini Corp, 6.88%, 05/01/25 0.47
CCO Holdings LLC / CCO Holdings Capital Corp, 4.50%, 06/01/33 0.46
Zayo Group Holdings Inc, 4.00%, 03/01/27 0.46
Axalta Coating Systems LLC, 3.38%, 02/15/29 0.46
Fortress Transportation and Infrastructure Investors LLC, 9.75%, 08/01/27 0.46
Advanced Micro Devices Inc 0.46
Charles Schwab Corp, 4.00%, 06/01/99 0.46
Lamar Media Corp, 3.62%, 01/15/31 0.45
United Airlines Holdings Inc, 4.88%, 01/15/25 0.44
LPL Holdings Inc, 4.38%, 05/15/31 0.44
Builders FirstSource Inc, 4.25%, 02/01/32 0.43
Consolidated Communications Inc, 5.00%, 10/01/28 0.43
CCO Holdings LLC / CCO Holdings Capital Corp, 4.50%, 08/15/30 0.43
APX Group Inc, 5.75%, 07/15/29 0.42
Six Flags Entertainment Corp 0.42
Travel + Leisure Co, 6.62%, 07/31/26 0.42
Covanta Holding Corp, 4.88%, 12/01/29 0.42
Hess Midstream Operations LP, 5.12%, 06/15/28 0.41
Coinbase Global Inc, 3.38%, 10/01/28 0.41
Level 3 Financing Inc, 3.62%, 01/15/29 0.41
Caesars Entertainment Inc, 8.12%, 07/01/27 0.40
FMG Resources August 2006 Pty Ltd, 4.38%, 04/01/31 0.40
Endeavor Energy Resources LP / EER Finance Inc, 6.62%, 07/15/25 0.40
CCO Holdings LLC / CCO Holdings Capital Corp, 5.00%, 02/01/28 0.39
CSC Holdings LLC, 7.50%, 04/01/28 0.39
KBR Inc, 4.75%, 09/30/28 0.38
Ball Corp, 3.12%, 09/15/31 0.37
Global Net Lease Inc / Global Net Lease Operating Partnership LP, 3.75%, 12/15/27 0.37
Howard Midstream Energy Partners LLC, 6.75%, 01/15/27 0.37
Nexstar Media Inc, 4.75%, 11/01/28 0.37
Credit Suisse Group AG, 4.50%, 03/03/99 0.36
Century Communities Inc, 3.88%, 08/15/29 0.36
II-VI Inc 0.36
BellRing Brands Inc, 7.00%, 03/15/30 0.36
Caesars Entertainment Inc 0.36
Windstream Escrow LLC / Windstream Escrow Finance Corp, 7.75%, 08/15/28 0.36
Compass Minerals International Inc, 6.75%, 12/01/27 0.35
ModivCare Inc, 5.88%, 11/15/25 0.35
Directv Financing LLC / Directv Financing Co-Obligor Inc, 5.88%, 08/15/27 0.35
TK Elevator US Newco Inc, 5.25%, 07/15/27 0.35
HLF Financing Sarl LLC / Herbalife International Inc, 4.88%, 06/01/29 0.34
DT Midstream Inc, 4.38%, 06/15/31 0.34
Mic Glen LLC, 8.39%, 07/21/29 0.34
Nordstrom Inc, 5.00%, 01/15/44 0.34
Ford Motor Credit Co LLC, 4.13%, 08/04/25 0.33
EnLink Midstream LLC, 5.62%, 01/15/28 0.33
Nexstar Media Group Inc 0.33
Jaguar Land Rover Automotive PLC, 5.88%, 01/15/28 0.33
Weekley Homes LLC / Weekley Finance Corp, 4.88%, 09/15/28 0.33
LGI Homes Inc, 4.00%, 07/15/29 0.32
CHS/Community Health Systems Inc, 5.25%, 05/15/30 0.32
Vibrantz Technologies Inc, 9.00%, 02/15/30 0.32
Ford Motor Co, 4.75%, 01/15/43 0.32
Southwestern Energy Co, 5.38%, 03/15/30 0.32
NCR Corp, 5.12%, 04/15/29 0.32
T-Mobile USA Inc, 3.50%, 04/15/31 0.31
Iron Mountain Inc, 4.88%, 09/15/27 0.31
Boardriders Inc, 0.00%, 10/15/69 0.31
Kaiser Aluminum Corp, 4.50%, 06/01/31 0.31
Graphic Packaging International LLC, 3.75%, 02/01/30 0.31
Teva Pharmaceutical Finance Netherlands III BV, 4.75%, 05/09/27 0.31
Life Time Inc, 8.00%, 04/15/26 0.30
Antero Resources Corp, 5.38%, 03/01/30 0.30
Southwestern Energy Co, 4.75%, 02/01/32 0.30
Delta Air Lines Inc, 7.38%, 01/15/26 0.30
Virgin Media Finance PLC, 5.00%, 07/15/30 0.30
Sugarhouse HSP Gaming Prop Mezz LP / Sugarhouse HSP Gaming Finance Corp, 5.88%, 05/15/25 0.30
LABL Inc, 10.50%, 07/15/27 0.30
Coinbase Global Inc, 3.62%, 10/01/31 0.29
Citigroup Inc, 3.88%, 05/18/99 0.29
Yum! Brands Inc, 5.38%, 04/01/32 0.29
Element Solutions Inc, 3.88%, 09/01/28 0.29
Bally's Corp 0.29
Yum! Brands Inc, 3.62%, 03/15/31 0.29
Magenta Buyer LLC, 9.90%, 07/27/29 0.29
CCO Holdings LLC / CCO Holdings Capital Corp, 4.50%, 05/01/32 0.29
NVIDIA Corp 0.29
Navient Corp, 5.50%, 03/15/29 0.28
Carvana Co, 10.25%, 05/01/30 0.28
Dornoch Debt Merger Sub Inc, 6.62%, 10/15/29 0.28
EnLink Midstream Partners LP, 4.15%, 06/01/25 0.28
EQM Midstream Partners LP, 4.75%, 01/15/31 0.28
General Motors Financial Co Inc, 5.75%, 03/30/99 0.28
Aruba Investments Holdings LLC, 9.38%, 11/24/28 0.28
OneMain Finance Corp, 4.00%, 09/15/30 0.27
Entegris Escrow Corp, 5.95%, 06/15/30 0.27
Zayo Group Holdings Inc, 6.12%, 03/01/28 0.27
CDI Escrow Issuer Inc, 5.75%, 04/01/30 0.27
Sunoco LP / Sunoco Finance Corp, 4.50%, 05/15/29 0.27
Intercontinental Exchange Inc 0.27
Compass Minerals International Inc, 4.88%, 07/15/24 0.27
Scripps Escrow Inc, 5.88%, 07/15/27 0.26
American Builders & Contractors Supply Co Inc, 4.00%, 01/15/28 0.26
Kobe US Midco 2 Inc, 9.25%, 11/01/26 0.26
Allied Universal Holdco LLC / Allied Universal Finance Corp, 6.00%, 06/01/29 0.25
Occidental Petroleum Corp, 6.38%, 09/01/28 0.25
Jaguar Land Rover Automotive PLC, 7.75%, 10/15/25 0.25
Archrock Partners LP / Archrock Partners Finance Corp, 6.88%, 04/01/27 0.25
Carvana Co, 5.50%, 04/15/27 0.25
Wendy's International LLC, 7.00%, 12/15/25 0.25
Altice France Holding SA, 10.50%, 05/15/27 0.25
Papa John's International Inc, 3.88%, 09/15/29 0.24
CP Atlas Buyer Inc, 7.00%, 12/01/28 0.24
Arcline FM Holdings LLC, 9.87%, 06/23/29 0.24
AAdvantage Loyalty IP Ltd, 6.38%, 04/20/28 0.24
Carpenter Technology Corp, 7.62%, 03/15/30 0.24
Ball Corp, 2.88%, 08/15/30 0.23
Teva Pharmaceutical Finance Netherlands III BV, 5.12%, 05/09/29 0.23
Olympus Water US Holding Corp, 6.25%, 10/01/29 0.23
DISH DBS Corp, 5.12%, 06/01/29 0.23
Gray Escrow II Inc, 5.38%, 11/15/31 0.23
Madison IAQ LLC, 5.88%, 06/30/29 0.22
Michaels Cos Inc, 7.88%, 05/01/29 0.22
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC, 6.00%, 06/15/27 0.21
Freeport-McMoRan Inc 0.21
LCPR Senior Secured Financing DAC, 5.12%, 07/15/29 0.21
Hess Midstream Operations LP, 4.25%, 02/15/30 0.20
Surgery Center Holdings Inc, 10.00%, 04/15/27 0.20
Arcosa Inc, 4.38%, 04/15/29 0.19
Scripps Escrow II Inc, 3.88%, 01/15/29 0.19
DISH Network Corp, 2.38%, 03/15/24 0.18
Chobani LLC / Chobani Finance Corp Inc, 4.62%, 11/15/28 0.18
Service Corp International/US, 4.00%, 05/15/31 0.17
Altice France SA/France, 5.50%, 10/15/29 0.17
Wynn Macau Ltd, 5.62%, 08/26/28 0.17
Carvana Co, 4.88%, 09/01/29 0.16
News Corp, 5.12%, 02/15/32 0.15
Ciena Corp 0.15
Summit Materials LLC / Summit Materials Finance Corp, 5.25%, 01/15/29 0.15
Fortress Transportation and Infrastructure Investors LLC, 6.50%, 10/01/25 0.15
Teva Pharmaceutical Finance Co LLC, 6.15%, 02/01/36 0.13
American Axle & Manufacturing Inc, 6.88%, 07/01/28 0.12
Atkore Inc, 4.25%, 06/01/31 0.12
T-Mobile USA Inc, 2.62%, 04/15/26 0.11
T-Mobile USA Inc, 3.38%, 04/15/29 0.11
American Axle & Manufacturing Inc, 6.25%, 03/15/26 0.11
Herens Holdco Sarl, 4.75%, 05/15/28 0.11
OneMain Finance Corp, 6.62%, 01/15/28 0.10
Olympus Water US Holding Corp, 6.19%, 11/09/28 0.07
Burford Capital Global Finance LLC, 6.25%, 04/15/28 0.07
Boardriders Inc, 9.71%, 04/23/24 0.04
National Mentor Holdings Inc, 8.96%, 03/02/29 0.03
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -1.21
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -1.22
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -1.20
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -1.18
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -0.56
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -0.56
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -1.12
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -0.55
Buy Protection CDX-NAHYS38V2-05Y, 5.00%, 06/20/27 -0.56
Cash & Equivalents 3.84
Janus Henderson publishes this listing of securities held as of the most recently available disclosure period, which varies depending on the portfolio. Any portion of holdings may be excluded from publication when deemed in the best interest of the portfolio. Securities are reported at market value.
The portfolio data and its presentation here is based on the investment book of record and may differ from the accounting book of record and complete schedules of investments in regulatory filings due to differing accounting and reporting standards.