For Individual Investors in the US

High-Yield Fund Holdings

Full Portfolio Holdings

(As of May 31, 2022)

% OF INVESTMENTS
Mozart Debt Merger Sub Inc, 5.25%, 10/01/29 1.41
Standard Industries Inc/NJ, 3.38%, 01/15/31 1.18
ARD Finance SA, 6.50%, 06/30/27 1.12
Gray Television Inc, 4.75%, 10/15/30 0.97
Cargo Aircraft Management Inc, 4.75%, 02/01/28 0.96
Western Midstream Operating LP, 4.55%, 02/01/30 0.96
CHS/Community Health Systems Inc, 6.88%, 04/15/29 0.96
Diamond BC BV, 4.62%, 10/01/29 0.90
Sunoco LP / Sunoco Finance Corp, 4.50%, 04/30/30 0.91
Organon & Co / Organon Foreign Debt Co-Issuer BV, 5.12%, 04/30/31 0.89
II-VI Inc, 5.00%, 12/15/29 0.88
Twitter Inc, 5.00%, 03/01/30 0.87
Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/01/26 0.84
Watco Cos LLC / Watco Finance Corp, 6.50%, 06/15/27 0.81
Full House Resorts Inc, 8.25%, 02/15/28 0.80
First Quantum Minerals Ltd, 7.50%, 04/01/25 0.79
Ciena Corp, 4.00%, 01/31/30 0.76
NGL Energy Operating LLC / NGL Energy Finance Corp, 7.50%, 02/01/26 0.76
Connect Finco SARL / Connect US Finco LLC, 6.75%, 10/01/26 0.75
Hudbay Minerals Inc, 4.50%, 04/01/26 0.75
LSF9 Atlantis Holdings LLC / Victra Finance Corp, 7.75%, 02/15/26 0.75
Organon & Co / Organon Foreign Debt Co-Issuer BV, 4.12%, 04/30/28 0.71
Advanced Micro Devices Inc 0.71
TopBuild Corp, 4.12%, 02/15/32 0.71
Lithia Motors Inc, 4.38%, 01/15/31 0.70
CA Magnum Holdings, 5.38%, 10/31/26 0.68
Premier Entertainment Sub LLC / Premier Entertainment Finance Corp, 5.62%, 09/01/29 0.68
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 4.88%, 02/15/30 0.67
Tacala Investment Corp, 8.56%, 02/05/28 0.67
Premier Entertainment Sub LLC / Premier Entertainment Finance Corp, 5.88%, 09/01/31 0.67
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 5.50%, 01/15/28 0.67
Ford Motor Credit Co LLC, 3.62%, 06/17/31 0.66
Occidental Petroleum Corp, 6.62%, 09/01/30 0.66
CSC Holdings LLC, 5.38%, 02/01/28 0.66
Block Communications Inc, 4.88%, 03/01/28 0.64
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc, 3.88%, 03/01/31 0.64
ION Trading Technologies Sarl, 5.75%, 05/15/28 0.63
LABL Inc, 8.25%, 11/01/29 0.63
Allegheny Technologies Inc, 5.12%, 10/01/31 0.63
TerraForm Power Operating LLC, 4.75%, 01/15/30 0.62
GCI LLC, 4.75%, 10/15/28 0.62
Altice Financing SA, 5.00%, 01/15/28 0.61
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc, 5.25%, 08/15/27 0.60
Scripps Escrow II Inc, 5.38%, 01/15/31 0.60
Ziggo Bond Co BV, 5.12%, 02/28/30 0.59
ModivCare Escrow Issuer Inc, 5.00%, 10/01/29 0.59
SVB Financial Group, 4.25%, 02/15/99 0.59
PECF USS Intermediate Holding III Corp, 8.00%, 11/15/29 0.59
Altice France SA/France, 5.12%, 07/15/29 0.58
Apache Corp, 4.25%, 01/15/30 0.58
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp, 6.00%, 08/01/26 0.58
Match Group Holdings II LLC, 5.62%, 02/15/29 0.58
FMG Resources August 2006 Pty Ltd, 6.12%, 04/15/32 0.58
DT Midstream Inc, 4.12%, 06/15/29 0.57
OneMain Finance Corp, 5.38%, 11/15/29 0.55
Shea Homes LP / Shea Homes Funding Corp, 4.75%, 04/01/29 0.55
MSCI Inc, 3.62%, 11/01/31 0.55
Entegris Inc, 3.62%, 05/01/29 0.55
Viper Energy Partners LP, 5.38%, 11/01/27 0.55
TransDigm Inc, 4.88%, 05/01/29 0.54
Hadrian Merger Sub Inc, 8.50%, 05/01/26 0.54
Sirius XM Radio Inc, 4.00%, 07/15/28 0.54
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc, 5.50%, 01/15/30 0.54
Med Trust 2021-MDLN, 4.88%, 11/15/38 0.54
CCO Holdings LLC / CCO Holdings Capital Corp, 5.12%, 05/01/27 0.53
Pilgrim's Pride Corp, 3.50%, 03/01/32 0.52
Arconic Corp, 6.12%, 02/15/28 0.52
Virtusa Corp, 7.12%, 12/15/28 0.52
Service Corp International/US, 3.38%, 08/15/30 0.52
Polar US Borrower LLC / Schenectady International Group Inc, 6.75%, 05/15/26 0.52
Jane Street Group / JSG Finance Inc, 4.50%, 11/15/29 0.52
Victoria's Secret & Co, 4.62%, 07/15/29 0.51
Rent-A-Center Inc/TX, 6.38%, 02/15/29 0.51
Tenet Healthcare Corp, 4.88%, 01/01/26 0.51
Hudbay Minerals Inc, 6.12%, 04/01/29 0.51
Liberty Interactive LLC, 8.25%, 02/01/30 0.50
Seagate HDD Cayman, 3.38%, 07/15/31 0.49
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 6.00%, 09/01/31 0.49
Travel + Leisure Co, 6.60%, 10/01/25 0.49
Goodyear Tire & Rubber Co, 5.25%, 04/30/31 0.48
Tenet Healthcare Corp, 4.25%, 06/01/29 0.48
Iron Mountain Inc, 5.25%, 07/15/30 0.48
Carpenter Technology Corp, 7.62%, 03/15/30 0.48
New Enterprise Stone & Lime Co Inc, 5.25%, 07/15/28 0.47
Tutor Perini Corp, 6.88%, 05/01/25 0.47
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 4.62%, 01/15/27 0.47
Tronox Holdings PLC 0.46
Zayo Group Holdings Inc, 6.12%, 03/01/28 0.46
CCO Holdings LLC / CCO Holdings Capital Corp, 4.50%, 06/01/33 0.46
Syneos Health Inc, 3.62%, 01/15/29 0.46
Seagate HDD Cayman, 4.12%, 01/15/31 0.46
Life Time Inc, 5.75%, 01/15/26 0.46
Builders FirstSource Inc, 4.25%, 02/01/32 0.45
OneMain Finance Corp, 8.88%, 06/01/25 0.44
Chobani LLC / Chobani Finance Corp Inc, 7.50%, 04/15/25 0.44
Axalta Coating Systems LLC, 3.38%, 02/15/29 0.44
Charles Schwab Corp, 4.00%, 06/01/99 0.44
Zayo Group Holdings Inc, 4.00%, 03/01/27 0.43
Consolidated Communications Inc, 5.00%, 10/01/28 0.42
Caesars Entertainment Inc 0.42
News Corp, 3.88%, 05/15/29 0.42
Hess Midstream Operations LP, 5.12%, 06/15/28 0.42
CCO Holdings LLC / CCO Holdings Capital Corp, 4.50%, 08/15/30 0.41
Ryan Specialty Group LLC, 4.38%, 02/01/30 0.41
APX Group Inc, 5.75%, 07/15/29 0.41
Covanta Holding Corp, 4.88%, 12/01/29 0.41
Level 3 Financing Inc, 3.62%, 01/15/29 0.41
LPL Holdings Inc, 4.38%, 05/15/31 0.41
United Airlines Holdings Inc, 4.88%, 01/15/25 0.41
Carvana Co, 4.88%, 09/01/29 0.40
Travel + Leisure Co, 6.62%, 07/31/26 0.40
Magenta Buyer LLC, 9.31%, 07/27/29 0.40
II-VI Inc 0.39
FMG Resources August 2006 Pty Ltd, 4.38%, 04/01/31 0.39
CDI Escrow Issuer Inc, 5.75%, 04/01/30 0.38
CSC Holdings LLC, 7.50%, 04/01/28 0.38
Credit Suisse Group AG, 4.50%, 03/03/99 0.38
Global Net Lease Inc / Global Net Lease Operating Partnership LP, 3.75%, 12/15/27 0.36
Endeavor Energy Resources LP / EER Finance Inc, 6.62%, 07/15/25 0.36
CCO Holdings LLC / CCO Holdings Capital Corp, 5.00%, 02/01/28 0.36
Howard Midstream Energy Partners LLC, 6.75%, 01/15/27 0.36
Windstream Escrow LLC / Windstream Escrow Finance Corp, 7.75%, 08/15/28 0.36
Nexstar Media Inc, 4.75%, 11/01/28 0.36
Century Communities Inc, 3.88%, 08/15/29 0.35
KBR Inc, 4.75%, 09/30/28 0.35
Bally's Corp 0.34
DT Midstream Inc, 4.38%, 06/15/31 0.34
Fortress Transportation and Infrastructure Investors LLC, 9.75%, 08/01/27 0.34
APi Group DE Inc, 4.12%, 07/15/29 0.34
Compass Minerals International Inc, 6.75%, 12/01/27 0.34
Directv Financing LLC / Directv Financing Co-Obligor Inc, 5.88%, 08/15/27 0.34
BellRing Brands Inc, 7.00%, 03/15/30 0.34
TK Elevator US Newco Inc, 5.25%, 07/15/27 0.33
ModivCare Inc, 5.88%, 11/15/25 0.33
Nordstrom Inc, 5.00%, 01/15/44 0.33
LCPR Senior Secured Financing DAC, 5.12%, 07/15/29 0.33
Weekley Homes LLC / Weekley Finance Corp, 4.88%, 09/15/28 0.33
HLF Financing Sarl LLC / Herbalife International Inc, 4.88%, 06/01/29 0.33
Ford Motor Co, 4.75%, 01/15/43 0.32
Coinbase Global Inc, 3.38%, 10/01/28 0.32
CHS/Community Health Systems Inc, 5.25%, 05/15/30 0.32
Kaiser Aluminum Corp, 4.50%, 06/01/31 0.32
Jaguar Land Rover Automotive PLC, 5.88%, 01/15/28 0.32
General Motors Financial Co Inc, 5.75%, 03/30/99 0.32
EnLink Midstream LLC, 5.62%, 01/15/28 0.32
NCR Corp, 5.12%, 04/15/29 0.32
Carnival Corp, 7.62%, 03/01/26 0.31
NVIDIA Corp 0.31
HCA Inc, 3.50%, 09/01/30 0.31
CP Atlas Buyer Inc, 7.00%, 12/01/28 0.31
Coinbase Global Inc, 3.62%, 10/01/31 0.31
Uber Technologies Inc, 4.50%, 08/15/29 0.31
Southwestern Energy Co, 5.38%, 03/15/30 0.31
Arko Corp, 5.12%, 11/15/29 0.31
Lamar Media Corp, 3.62%, 01/15/31 0.30
Southwestern Energy Co, 4.75%, 02/01/32 0.30
Mic Glen LLC, 7.72%, 07/21/29 0.30
Vibrantz Technologies Inc, 9.00%, 02/15/30 0.30
Antero Resources Corp, 5.38%, 03/01/30 0.30
Virgin Media Finance PLC, 5.00%, 07/15/30 0.30
Iron Mountain Inc, 4.88%, 09/15/27 0.30
Life Time Inc, 8.00%, 04/15/26 0.30
Teva Pharmaceutical Finance Netherlands III BV, 4.75%, 05/09/27 0.29
LABL Inc, 10.50%, 07/15/27 0.29
Delta Air Lines Inc, 7.38%, 01/15/26 0.28
Navient Corp, 5.50%, 03/15/29 0.28
Element Solutions Inc, 3.88%, 09/01/28 0.28
Citigroup Inc, 3.88%, 05/18/99 0.28
OneMain Finance Corp, 4.00%, 09/15/30 0.28
CCO Holdings LLC / CCO Holdings Capital Corp, 4.50%, 05/01/32 0.28
Yum! Brands Inc, 5.38%, 04/01/32 0.27
Sugarhouse HSP Gaming Prop Mezz LP / Sugarhouse HSP Gaming Finance Corp, 5.88%, 05/15/25 0.27
Boardriders Inc, 0.00%, 10/15/69 0.27
American Airlines Inc/AAdvantage Loyalty IP Ltd, 5.50%, 04/20/26 0.27
Yum! Brands Inc, 3.62%, 03/15/31 0.27
EnLink Midstream Partners LP, 4.15%, 06/01/25 0.27
Carvana Co, 10.25%, 05/01/30 0.27
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc, 6.75%, 01/15/30 0.27
Sunoco LP / Sunoco Finance Corp, 4.50%, 05/15/29 0.27
Dornoch Debt Merger Sub Inc, 6.62%, 10/15/29 0.27
EQM Midstream Partners LP, 4.75%, 01/15/31 0.27
Block Inc, 3.50%, 06/01/31 0.26
Realogy Group LLC / Realogy Co-Issuer Corp, 5.75%, 01/15/29 0.26
Allied Universal Holdco LLC / Allied Universal Finance Corp, 6.00%, 06/01/29 0.26
Vail Resorts Inc 0.26
Carrols Restaurant Group Inc, 5.88%, 07/01/29 0.25
Altice France Holding SA, 10.50%, 05/15/27 0.25
American Builders & Contractors Supply Co Inc, 4.00%, 01/15/28 0.25
Aruba Investments Holdings LLC, 8.77%, 11/24/28 0.25
Scripps Escrow Inc, 5.88%, 07/15/27 0.25
Compass Minerals International Inc, 4.88%, 07/15/24 0.24
DISH DBS Corp, 5.12%, 06/01/29 0.24
Carvana Co, 5.50%, 04/15/27 0.24
Kobe US Midco 2 Inc, 9.25%, 11/01/26 0.24
Archrock Partners LP / Archrock Partners Finance Corp, 6.88%, 04/01/27 0.24
Occidental Petroleum Corp, 6.38%, 09/01/28 0.24
Jaguar Land Rover Automotive PLC, 7.75%, 10/15/25 0.24
Papa John's International Inc, 3.88%, 09/15/29 0.23
Olympus Water US Holding Corp, 6.25%, 10/01/29 0.23
Wendy's International LLC, 7.00%, 12/15/25 0.23
Teva Pharmaceutical Finance Netherlands III BV, 5.12%, 05/09/29 0.23
Gray Escrow II Inc, 5.38%, 11/15/31 0.23
CSC Holdings LLC, 4.62%, 12/01/30 0.23
Arcline FM Holdings LLC, 9.26%, 06/23/29 0.22
Ball Corp, 2.88%, 08/15/30 0.22
AAdvantage Loyalty IP Ltd, 5.77%, 04/20/28 0.22
JELD-WEN Inc, 4.88%, 12/15/27 0.22
Michaels Cos Inc, 7.88%, 05/01/29 0.21
Citigroup Inc, 4.00%, 03/10/99 0.21
Madison IAQ LLC, 5.88%, 06/30/29 0.21
Teva Pharmaceutical Finance Co LLC, 6.15%, 02/01/36 0.20
Hess Midstream Operations LP, 4.25%, 02/15/30 0.20
Surgery Center Holdings Inc, 10.00%, 04/15/27 0.18
Arcosa Inc, 4.38%, 04/15/29 0.18
Scripps Escrow II Inc, 3.88%, 01/15/29 0.18
Nexstar Media Group Inc 0.18
Wynn Macau Ltd, 5.62%, 08/26/28 0.18
INEOS Quattro Finance 2 Plc, 3.38%, 01/15/26 0.17
Prime Healthcare Services Inc, 7.25%, 11/01/25 0.17
Chobani LLC / Chobani Finance Corp Inc, 4.62%, 11/15/28 0.17
DISH Network Corp, 2.38%, 03/15/24 0.17
Altice France SA/France, 5.50%, 10/15/29 0.17
LGI Homes Inc, 4.00%, 07/15/29 0.17
Service Corp International/US, 4.00%, 05/15/31 0.17
Antero Resources Corp, 7.62%, 02/01/29 0.16
T-Mobile USA Inc, 3.50%, 04/15/31 0.16
Post Holdings Inc, 4.50%, 09/15/31 0.16
Ball Corp, 3.12%, 09/15/31 0.16
Altice USA Inc 0.15
Ciena Corp 0.15
News Corp, 5.12%, 02/15/32 0.14
Summit Materials LLC / Summit Materials Finance Corp, 5.25%, 01/15/29 0.14
Graphic Packaging International LLC, 3.75%, 02/01/30 0.14
SRS Distribution Inc, 6.00%, 12/01/29 0.13
Atkore Inc, 4.25%, 06/01/31 0.12
OneMain Finance Corp, 6.62%, 01/15/28 0.10
Herens Holdco Sarl, 4.75%, 05/15/28 0.10
Delta Air Lines Inc, 3.75%, 10/28/29 0.09
Macy's Retail Holdings LLC, 6.12%, 03/15/32 0.08
Olympus Water US Holding Corp, 5.58%, 11/09/28 0.07
Community Health Systems Inc 0.06
Boardriders Inc, 9.06%, 04/23/24 0.04
National Mentor Holdings Inc, 8.31%, 03/02/29 0.02
Buy Protection CDX-NAHYS38V1-05Y, 5.00%, 06/20/27 -1.14
Buy Protection CDX-NAHYS38V1-05Y, 5.00%, 06/20/27 -1.08
Buy Protection CDX-NAHYS38V1-05Y, 5.00%, 06/20/27 -1.07
Buy Protection CDX-NAHYS38V1-05Y, 5.00%, 06/20/27 -1.09
Buy Protection CDX-NAHYS38V1-05Y, 5.00%, 06/20/27 -1.10
Cash & Equivalents 4.64
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.