Please ensure Javascript is enabled for purposes of website accessibility Short Duration Income ETF - Janus Henderson Investors
For Individual Investors in the US

VNLA Short Duration Income ETF

A capital preservation and income-focused ETF that seeks returns above cash

NAV
$48.96
As of 12/04/2024

1-Day Change
$0.03 (0.06%)
As of 12/04/2024

Morningstar Rating

As of 10/31/2024

Overview

About this ETF

For investors looking to diversify their fixed income allocation and seeking a higher return on cash than a money market fund. VNLA seeks to generate income through investment flexibility across a global opportunity set, with low volatility and capital preservation across economic cycles.

Why Invest in this ETF

Capital preservation
Risk management is fully-integrated into our approach, and we will manage to our overall volatility budget actively and swiftly.

Income generation
A versatile solution combining return-seeking and consistent income generating objectives.

Global diversification
We collaborate on a global scale across team and portfolio to access the best relative value opportunities.

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.

Performance

RETURNS (%) (As of 09/30/2024)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 2.36 4.99 7.35 3.53 2.80 2.74
Market-Price 2.28 4.87 7.18 3.46 2.77 2.73
FTSE 3-Month U.S. Treasury Bill 1.37 4.17 5.63 3.63 2.38 2.09
RETURNS (%) (As of 10/31/2024)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 1.67 5.30 7.26 3.71 2.84 2.75
Market-Price 1.80 5.37 7.22 3.71 2.85 2.76
FTSE 3-Month U.S. Treasury Bill 1.34 4.62 5.59 3.78 2.44 2.12
Calendar Year Returns (%)
Nav FTSE 3-Month U.S. Treasury Bill
2023 2022 2021 2020 2019 2018 2017
Nav 6.02 -0.08 -0.18 3.07 4.28 1.58 2.07
FTSE 3-Month U.S. Treasury Bill 5.26 1.50 0.05 0.58 2.25 1.86 0.84

Premium/Discount History

Growth of a Hypothetical Investment

@Nav FTSE 3-Month U.S. Treasury Bill Ultrashort Bond

Returns-Based Statistics (As of 10/31/2024)

RISK / REWARD
VS. FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Information Ratio -0.07 0.29
Alpha -0.04 0.52
Tracking Error 0.98 1.36
Beta 2.16 -2.16
R-squared (%) 54.19 23.41
UP/DOWN MARKET CAPTURE (%)
FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Up Capture Ratio 98.13 116.72
STANDARD DEVIATION 3YR 5YR
Short Duration Income ETF 1.35 1.55
FTSE 3-Month U.S. Treasury Bill 0.63 0.68
SHARPE RATIO 3YR 5YR
Short Duration Income ETF -0.07 0.28
FTSE 3-Month U.S. Treasury Bill -0.03 0.05
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
12/02/202412/02/202412/06/2024$0.203961$0.000000$0.000000$0.203961
11/01/202411/01/202411/07/2024$0.204039$0.000000$0.000000$0.204039
10/01/202410/01/202410/07/2024$0.204359$0.000000$0.000000$0.204359
09/03/202409/03/202409/09/2024$0.208788$0.000000$0.000000$0.208788
08/01/2024 08/01/2024 08/07/2024 $0.198080 $0.000000$0.000000$0.198080
07/01/202407/01/202407/08/2024$0.202487$0.000000$0.000000$0.202487
06/03/202406/03/202406/07/2024$0.206707$0.000000$0.000000$0.206707
05/01/202405/02/202405/07/2024$0.199931$0.000000$0.000000$0.199931
View Full History

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of 12/03/2024)
% of Fund
Citigroup Inc. 5.61% 29-SEP-2026 1.55
Goldman Sachs Bank USA 5.283% 18-MAR-2027 1.50
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028 1.40
NOW Trust 2024-1 A 5.71% 14-JUN-2032 1.21
Bank Australia Limited FRN 21-FEB-2028 1.10
Bank of America Corporation 1.319% 19-JUN-2026 1.09
Korea Electric Power Corporation 4.875% 31-JAN-2027 1.05
Vistra Operations Co. LLC 5.125% 13-MAY-2025 1.04
Illumina, Inc. 5.8% 12-DEC-2025 1.04
Solventum Corporation 5.45% 25-FEB-2027 1.01
View full holdings
Portfolio Characteristics (As of 12/03/2024)
 
Number of Holdings
Debt Issues
232
Portfolio Turnover Rate
(1-year trailing)
40.49%
Weighted Average Maturity
(years)
1.82
Effective Duration
(years)
1.07
Yield to Worst
4.91%
Sector Allocation % of Fund % of Fund As of 12/03/2024
Regional Allocation % of Fund % of Fund As of December 3, 2024
Developed vs Emerging Markets % of Fund % of Fund As of December 3, 2024
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of December 3, 2024
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 12/03/2024

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