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Diversified Credit Fund

A well-diversified portfolio of Australian and global credit securities for investors seeking higher yielding risk-adjusted outcomes over time.

Overview

Quarterly Update

The investment team recap this quarter.

(Note: Filmed 16 October 2025).

INVESTMENT OBJECTIVE

The Janus Henderson Diversified Credit Fund ('Fund') seeks to achieve a total return before fees that exceeds the total return of the Benchmark by 2.00% p.a. over rolling three-year periods.

ABOUT THIS FUND

An actively managed portfolio of Australian and global higher yielding securities that seeks to provide investors with a diversified exposure to a wide range of fixed income securities.

The Fund seeks to achieve a total return before fees that exceeds the total return of the Benchmark by 2.00% p.a. over rolling three-year periods.

The Manager’s approach is to determine the overall level of credit and duration risk in the Fund by taking a top down approach, which considers trends in credit fundamentals, market dynamics and current valuations.

HEADLINE

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Portfolio Management

Jay Sivapalan, CFA

Head of Australian Fixed Interest | Portfolio Manager

Industry since 1998. Joined Firm in 2015.

Shan Kwee, CFA

Portfolio Manager

Industry since 2003. Joined Firm in 2018.

Performance

Portfolio

Top Holdings (As of 31/07/2026)
Holding % of Fund
BNP Paribas SA 6.4273% 03/12/2036 FRN AUD REGS 1.88
Barclays PLC 8% FIX/FRN PERP AUD REGS 1.42
Sydney Airport Finance Co Pty 5.50% 23/4/2032 1.30
Scentre Group Trust 1 6.69% 10/09/2054 FRN AUD 1.27
Pacific Life Global Funding II 5.39984% 22Apr31 FRN AUD REGS 1.24
Ampol Ltd 5.85% 30/10/2055 FIX/FRN AUD Regs 1.21
Blue Owl Credit Income 6.50% 23/10/2027 AUD 1.19
Ausnet Services Holdings Pty Ltd Subordinated FRN 12/02/2031 1.17
Brisbane Airport Corp Senior Secured 4.5% 01/10/2030  1.17
Westpac Banking Corp 7.199% 15/11/2038 1.14
TOTAL -
Sector Allocation % of Fund % of Fund As of 31/07/2026
Sub Sector Allocation % of Fund % of Fund As of 31/07/2026
Maturity Breakdown of Fixed Income Holdings % of Fund % of Index % of Fund % of Index As of 31/07/2026
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 31/07/2026
Country/Geographic Exposures % of Fund % of Fund As of 31/07/2026
Regional Allocation % of Fund % of Fund As of 31/07/2026

Documents