Please ensure Javascript is enabled for purposes of website accessibility Low Duration Multi-Sector Income Fund - Janus Henderson Investors - US Investor
For Individual Investors in the US

JUCDX Low Duration Multi-Sector Income Fund

Low duration, our “best ideas” multi-sector income portfolio dynamically allocates across global opportunities and market cycles, seeking high current income and attractive risk-adjusted returns

NAV
$9.08
As of 03/05/2026

1-Day Change
-$0.01 (-0.10%)
As of 03/05/2026

Morningstar Rating

As of 02/28/2026

Overview

About this Fund

Low duration, our “best ideas” multi-sector income portfolio dynamically allocates across global opportunities and market cycles, seeking high current income and attractive risk-adjusted returns. Managed by an experienced team of co-portfolio managers, supported by a global platform comprised of 130+ dedicated fixed income investment professionals.

Why Invest in the Portfolio

Our Team
Culture of collaboration, global integration, and respectful challenge with a research-first mentality

Disciplined Risk Budgeting
Disciplined investment process and risk management framework targets repeatable performance utilizing our strategic asset allocation, which we believe is a better starting point than traditional benchmarks.

High Conviction
Our best ideas portfolio uses bottom up research and security selection to seek excess returns. The team focuses on sourcing smaller, hard to access issuers that are not widely covered by sell side analysts.

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.

John Lloyd

Global Head of Multi-Sector Credit | Portfolio Manager

Industry since 1998. Joined Firm in 2005.

John Kerschner, CFA

Global Head of Securitised Products | Portfolio Manager

Industry since 1990. Joined Firm in 2010.

Performance

RETURNS (%) (As of 12/31/2025)
Absolute Return Income Opportunities Fund -D Shares ICE BofA US 3M Trsy Bill TR USD
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/27/2014)
Absolute Return Income Opportunities Fund -D Shares 1.30 6.64 6.64 6.52 3.45 2.69 2.14
ICE BofA US 3M Trsy Bill TR USD 0.97 4.18 4.18 4.81 3.17 2.18 1.88
RETURNS (%) (As of 01/31/2026)
Absolute Return Income Opportunities Fund -D Shares ICE BofA US 3M Trsy Bill TR USD
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/27/2014)
Absolute Return Income Opportunities Fund -D Shares 1.28 0.51 6.51 6.25 3.56 2.73 2.16
ICE BofA US 3M Trsy Bill TR USD 0.92 0.29 4.09 4.80 3.23 2.21 1.89
Calendar Year Returns (%)
Absolute Return Income Opportunities Fund -D Shares ICE BofA US 3M Trsy Bill TR USD
2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Absolute Return Income Opportunities Fund -D Shares 6.64 6.09 6.85 -1.50 -0.48 3.49 3.38 -4.04 2.20 4.91
ICE BofA US 3M Trsy Bill TR USD 4.18 5.25 5.01 1.46 0.05 0.67 2.28 1.87 0.86 0.33

Growth of a Hypothetical Investment

Absolute Return Income Opportunities Fund - D Shares ICE BofA US 3M Trsy Bill TR USD Nontraditional Bond
Annual Fees & Expenses (As of the most recent prospectus)
CLASS D SHARES
Management Fees 0.35%
Other Expenses 0.91%
Total Gross Expenses 1.26%
Waivers -0.74%
Total Net Expenses 0.52%

Portfolio

Index represents the Bloomberg U.S. Aggregate Bond 1-3 Year Index

Top Holdings (As of 01/31/2026)
% of Fund
PARENT OIS PAY FIX USD 3.365% REC SOFRRATE 21Nov27 CME_US, 3.37%, 11/21/2027 5.14
PARENT OIS PAY FIX USD 3.4775% REC SOFRRATE 27Aug27 CME_US, 3.48%, 08/27/2027 4.95
National Australia Bank Ltd, 5.67%, 11/18/2031 3.12
Volkswagen Financial Services NV, 6.50%, 09/18/2027 2.75
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/2027 2.69
PARENT OIS REC FIX GBP 3.5513% PAY SONIO/N 06Nov27 CME_US, 3.55%, 11/06/2027 2.61
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/2027 2.61
Macquarie Bank Ltd, 5.28%, 06/17/2031 2.28
Pay INACTIVE NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/2026 2.22
Commonwealth Bank of Australia, 4.96%, 08/20/2031 2.02
TOTAL 30.39
View full holdings
Portfolio Characteristics (As of 01/31/2026)
 
Number of Holdings
Debt Issues
167
Portfolio Turnover Rate
(1-year trailing)
44.47%
Weighted Average Maturity
(years)
2.80
Effective Duration
(years)
0.85
Yield to Worst
4.86%
Sector Allocation % of Fund % of Fund As of 01/31/2026
Regional Allocation % of Fund % of Fund As of 01/31/2026
Developed vs Emerging Markets % of Fund % of Fund As of 01/31/2026
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 01/31/2026
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 01/31/2026

Documents