Janus Henderson Short Duration Income ETF
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
5.5%
3 Yr Avg Return
2.4%
5 Yr Avg Return
2.5%
Net Assets
$2.25 B
Holdings in Top 10
17.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 74.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VNLA - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return 2.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.98%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJanus Henderson Short Duration Income ETF
-
Fund Family NameJanus Henderson Funds
-
Inception DateNov 16, 2016
-
Shares Outstanding51900000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Siluk
Fund Description
The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in a portfolio of fixed income instruments of varying maturities. As a general indication of the Fund’s risk/return profile, portfolio management will seek to select fixed-income instruments that can provide a return of 2-3% (net of fees) above the FTSE 3-Month US Treasury Bill Index. The Fund seeks value across sectors and geographies using a wide range of instruments to capitalize on investment opportunities to maximize current income while at the same time providing low volatility. The Fund seeks to take advantage of market mispricings and dislocations caused by structural inefficiencies in the fixed income market. For example, many fixed income indices are more heavily focused on the US or other larger regions globally, and may underrepresent smaller countries or regions that offer appealing risk-adjusted return prospects. Similarly, many fixed income indices are heavily influenced by one or more of the largest components of the index, and may underrepresent smaller issuers that offer appealing return prospects. The types of fixed income instruments in which the Fund may invest include bonds, debt securities, and other similar instruments issued by various U.S. and foreign public- or private-sector entities.
The Fund may invest up to 20% of its assets in asset-backed securities that are rated investment grade or of similar quality as determined by the Adviser. From time to time, the Fund may invest up to 5% of its assets in asset-backed securities that are rated below investment grade, and up to 5% in non-agency mortgage-backed securities, so long as such instruments, together with other asset-backed securities held by the Fund, do not exceed 20% of the Fund’s net assets. The Fund may also invest in cash or cash equivalents such as commercial paper, repurchase agreements and other short-term fixed-income securities. The Fund may invest its uninvested cash in affiliated or non-affiliated money market funds. The Fund may also invest in securities that have contractual restrictions that prohibit or limit their public resale, which may include Rule 144A securities.
Under normal circumstances, the average portfolio duration of the Fund generally will be within 0-2 years of the FTSE 3-Month US Treasury Bill Index. The Fund primarily invests in investment grade debt securities, rated Baa or higher by Moody’s Investors Services, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“Standard & Poor’s”) or Fitch, Inc. (“Fitch”), or, if unrated, determined by the Adviser to be of comparable quality. The Fund may invest in high-yield bonds, commercial paper, mortgage-backed securities, and floating rate securities that are rated below investment grade (commonly known as “high-yield debt” or “junk” bonds), but generally intends to invest 15% or less of its net assets in such securities.
The Fund may invest up to 70% of its assets in foreign securities. Within the Fund’s exposure to foreign securities, it may invest in emerging markets, but will normally limit emerging markets investments to 15% of its net assets, measured at the time of purchase. The Fund will normally limit its foreign currency exchange exposure to 15% of its total assets. The Fund may limit its foreign currency exchange exposure by hedging through the use of forward contracts, cross-currency swaps, and options.
The Fund may use futures, options and swaps in connection with its principal strategies in certain market conditions for various investment purposes, such as to manage or hedge portfolio risk, enhance return, or manage duration.
The Fund is “actively managed” and does not seek to replicate the performance of an index.
VNLA - Performance
Return Ranking - Trailing
Period | VNLA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -1.5% | 3.1% | 81.02% |
1 Yr | 5.5% | -0.4% | 12.7% | 60.47% |
3 Yr | 2.4%* | -2.1% | 5.8% | 46.83% |
5 Yr | 2.5%* | -1.0% | 3.9% | 15.43% |
10 Yr | N/A* | -4.5% | 27.5% | 16.26% |
* Annualized
Return Ranking - Calendar
Period | VNLA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.9% | -2.3% | 4.3% | 23.61% |
2022 | -4.3% | -6.5% | 0.5% | 90.43% |
2021 | -1.8% | -2.1% | 0.3% | 98.03% |
2020 | 1.8% | -3.1% | 1.8% | 1.03% |
2019 | 1.2% | -1.2% | 6.1% | 10.33% |
Total Return Ranking - Trailing
Period | VNLA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -1.5% | 3.1% | 81.02% |
1 Yr | 5.5% | -0.4% | 12.7% | 60.47% |
3 Yr | 2.4%* | -2.1% | 5.8% | 46.83% |
5 Yr | 2.5%* | -1.0% | 3.9% | 15.43% |
10 Yr | N/A* | -4.5% | 27.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VNLA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.1% | 0.8% | 12.1% | 34.72% |
2022 | -0.2% | -5.1% | 2.5% | 49.28% |
2021 | -0.2% | -2.1% | 14.5% | 83.74% |
2020 | 3.0% | -1.0% | 3.6% | 6.70% |
2019 | 4.4% | 0.3% | 9.6% | 5.98% |
VNLA - Holdings
Concentration Analysis
VNLA | Category Low | Category High | VNLA % Rank | |
---|---|---|---|---|
Net Assets | 2.25 B | 25.6 K | 22.6 B | 32.73% |
Number of Holdings | 259 | 2 | 1291 | 50.91% |
Net Assets in Top 10 | 414 M | 32.5 K | 17.3 B | 30.45% |
Weighting of Top 10 | 17.67% | 5.6% | 163.3% | 58.18% |
Top 10 Holdings
- Jabil, Inc. 2.88%
- Global Payments, Inc. 2.85%
- Conagra Brands, Inc. 2.25%
- New Zealand Government Bond 2.20%
- Citigroup, Inc. 1.51%
- Morgan Stanley Bank NA 1.33%
- Macquarie Group Ltd. 1.24%
- Janus Henderson AAA CLO ETF 1.19%
- Pfizer Investment Enterprises Pte. Ltd. 1.13%
- CVS Health Corp. 1.10%
Asset Allocation
Weighting | Return Low | Return High | VNLA % Rank | |
---|---|---|---|---|
Bonds | 83.43% | 0.00% | 128.16% | 39.09% |
Convertible Bonds | 14.54% | 0.00% | 15.25% | 0.91% |
Cash | 13.21% | 0.00% | 109.89% | 25.45% |
Other | 2.17% | -29.59% | 99.92% | 60.91% |
Stocks | 0.00% | 0.00% | 97.29% | 46.82% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 35.45% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VNLA % Rank | |
---|---|---|---|---|
Corporate | 79.35% | 0.00% | 99.91% | 3.65% |
Cash & Equivalents | 9.98% | 0.00% | 109.89% | 28.18% |
Government | 5.36% | 0.00% | 100.00% | 36.53% |
Securitized | 1.70% | 0.00% | 100.00% | 76.26% |
Municipal | 0.00% | 0.00% | 70.39% | 66.67% |
Derivative | -0.20% | -29.59% | 21.59% | 81.82% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VNLA % Rank | |
---|---|---|---|---|
US | 63.67% | 0.00% | 128.16% | 73.64% |
Non US | 19.76% | 0.00% | 22.24% | 3.18% |
VNLA - Expenses
Operational Fees
VNLA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.23% | 0.02% | 28.11% | 87.16% |
Management Fee | 0.23% | 0.00% | 1.19% | 35.45% |
12b-1 Fee | N/A | 0.00% | 1.00% | 57.73% |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
VNLA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
VNLA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
VNLA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 74.00% | 0.00% | 369.54% | 57.84% |
VNLA - Distributions
Dividend Yield Analysis
VNLA | Category Low | Category High | VNLA % Rank | |
---|---|---|---|---|
Dividend Yield | 4.93% | 0.00% | 8.10% | 67.27% |
Dividend Distribution Analysis
VNLA | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
VNLA | Category Low | Category High | VNLA % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.98% | -1.30% | 14.86% | 13.68% |
Capital Gain Distribution Analysis
VNLA | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 05, 2024 | $0.199 | OrdinaryDividend |
Mar 07, 2024 | $0.194 | OrdinaryDividend |
Feb 07, 2024 | $0.190 | OrdinaryDividend |
Dec 29, 2023 | $0.186 | OrdinaryDividend |
Dec 07, 2023 | $0.167 | OrdinaryDividend |
Nov 07, 2023 | $0.175 | OrdinaryDividend |
Oct 06, 2023 | $0.171 | OrdinaryDividend |
Sep 08, 2023 | $0.163 | OrdinaryDividend |
Aug 07, 2023 | $0.170 | OrdinaryDividend |
Jul 10, 2023 | $0.163 | OrdinaryDividend |
Jun 07, 2023 | $0.159 | OrdinaryDividend |
May 05, 2023 | $0.147 | OrdinaryDividend |
Apr 07, 2023 | $0.141 | OrdinaryDividend |
Mar 07, 2023 | $0.126 | OrdinaryDividend |
Feb 07, 2023 | $0.141 | OrdinaryDividend |
Dec 30, 2022 | $1.334 | OrdinaryDividend |
Dec 07, 2022 | $0.129 | OrdinaryDividend |
Nov 07, 2022 | $0.095 | OrdinaryDividend |
Oct 07, 2022 | $0.086 | OrdinaryDividend |
Sep 08, 2022 | $0.066 | OrdinaryDividend |
Aug 05, 2022 | $0.066 | OrdinaryDividend |
Jul 08, 2022 | $0.051 | OrdinaryDividend |
Jun 07, 2022 | $0.050 | OrdinaryDividend |
May 06, 2022 | $0.048 | OrdinaryDividend |
Apr 07, 2022 | $0.044 | OrdinaryDividend |
Mar 07, 2022 | $0.046 | OrdinaryDividend |
Feb 07, 2022 | $0.046 | OrdinaryDividend |
Dec 30, 2021 | $0.346 | OrdinaryDividend |
Dec 07, 2021 | $0.049 | OrdinaryDividend |
Nov 05, 2021 | $0.048 | OrdinaryDividend |
Oct 07, 2021 | $0.048 | OrdinaryDividend |
Sep 08, 2021 | $0.045 | OrdinaryDividend |
Aug 06, 2021 | $0.044 | OrdinaryDividend |
Jul 08, 2021 | $0.044 | OrdinaryDividend |
Jun 07, 2021 | $0.043 | OrdinaryDividend |
May 07, 2021 | $0.042 | OrdinaryDividend |
Apr 08, 2021 | $0.041 | OrdinaryDividend |
Mar 05, 2021 | $0.040 | OrdinaryDividend |
Feb 05, 2021 | $0.039 | OrdinaryDividend |
Jan 06, 2021 | $0.048 | OrdinaryDividend |
Dec 07, 2020 | $0.023 | OrdinaryDividend |
Nov 06, 2020 | $0.021 | OrdinaryDividend |
Oct 07, 2020 | $0.023 | OrdinaryDividend |
Sep 08, 2020 | $0.030 | OrdinaryDividend |
Aug 07, 2020 | $0.051 | OrdinaryDividend |
Jul 08, 2020 | $0.051 | OrdinaryDividend |
Jun 05, 2020 | $0.056 | OrdinaryDividend |
May 07, 2020 | $0.065 | OrdinaryDividend |
Apr 07, 2020 | $0.080 | OrdinaryDividend |
Mar 06, 2020 | $0.076 | OrdinaryDividend |
Feb 07, 2020 | $0.089 | OrdinaryDividend |
Jan 06, 2020 | $0.129 | OrdinaryDividend |
Dec 06, 2019 | $0.219 | OrdinaryDividend |
Nov 07, 2019 | $0.093 | OrdinaryDividend |
Oct 07, 2019 | $0.183 | OrdinaryDividend |
Sep 09, 2019 | $0.103 | OrdinaryDividend |
Aug 07, 2019 | $0.117 | OrdinaryDividend |
Jul 08, 2019 | $0.107 | OrdinaryDividend |
Jun 07, 2019 | $0.112 | OrdinaryDividend |
May 07, 2019 | $0.108 | OrdinaryDividend |
Apr 05, 2019 | $0.182 | OrdinaryDividend |
Mar 07, 2019 | $0.112 | OrdinaryDividend |
Feb 07, 2019 | $0.086 | OrdinaryDividend |
Jan 03, 2019 | $0.148 | OrdinaryDividend |
Dec 07, 2018 | $0.081 | OrdinaryDividend |
Nov 07, 2018 | $0.090 | OrdinaryDividend |
Oct 05, 2018 | $0.133 | OrdinaryDividend |
Sep 10, 2018 | $0.113 | OrdinaryDividend |
Aug 07, 2018 | $0.114 | OrdinaryDividend |
Jul 09, 2018 | $0.083 | OrdinaryDividend |
Jun 07, 2018 | $0.076 | OrdinaryDividend |
May 07, 2018 | $0.107 | OrdinaryDividend |
Apr 06, 2018 | $0.076 | OrdinaryDividend |
Mar 07, 2018 | $0.089 | OrdinaryDividend |
Feb 07, 2018 | $0.081 | OrdinaryDividend |
Jan 02, 2018 | $0.136 | OrdinaryDividend |
Dec 07, 2017 | $0.118 | OrdinaryDividend |
Nov 07, 2017 | $0.109 | OrdinaryDividend |
Oct 06, 2017 | $0.099 | OrdinaryDividend |
Sep 08, 2017 | $0.047 | OrdinaryDividend |
Aug 07, 2017 | $0.049 | OrdinaryDividend |
Jul 10, 2017 | $0.049 | OrdinaryDividend |
Jun 07, 2017 | $0.053 | OrdinaryDividend |
May 05, 2017 | $0.088 | OrdinaryDividend |
Apr 07, 2017 | $0.075 | OrdinaryDividend |
Mar 07, 2017 | $0.052 | OrdinaryDividend |
Feb 07, 2017 | $0.025 | OrdinaryDividend |
Jan 03, 2017 | $0.041 | OrdinaryDividend |
VNLA - Fund Manager Analysis
Managers
Daniel Siluk
Start Date
Tenure
Tenure Rank
Nov 16, 2016
5.54
5.5%
Daniel Siluk is a Global Bonds Portfolio Manager at Janus Henderson Investors responsible for co-managing the Absolute Return Income strategy and Short Duration Income ETF. Daniel came to Janus when it acquired Kapstream in 2015. Prior to joining Kapstream in 2009, he served as manager of investment analytics at Challenger, a position he held from 2007 to 2009. While there, he provided attribution and risk metrics for the firm’s internal funds management business as well as their boutique partnerships, which included Kapstream. Before Challenger, he spent four years in London, where he implemented and tested attribution and risk systems for Insight Investment, the funds management arm of Halifax Bank of Scotland, and Northern Trust. Daniel received a bachelor of applied finance degree from Macquarie University.
Jason England
Start Date
Tenure
Tenure Rank
Nov 01, 2018
3.58
3.6%
Jason England is a Global Bonds Portfolio Manager at Janus Henderson Investors responsible for co-managing the Absolute Return Income and Absolute Return Income Plus strategies. Prior to joining Janus in 2017, Jason was with PIMCO, most recently as senior vice president and portfolio manager for core sector fund separate account portfolios. While there from 1994 to 2015, he was involved with launching their first hedge fund, exchange-traded fund, and global multi-asset product portfolios as well as management of numerous fixed income and asset allocation portfolios. Jason received both a bachelor’s degree in business administration and finance and his MBA from the University of Southern California, Marshall School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 7.92 |