Morningstar

Janus Henderson Short Duration Flexible Bond Fund Class D JNSTX

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  • NAV / 1-Day Return $2.84  /  0.00
  • Fund Size $703.7M
  • Adjusted Expense Ratio 0.450%
  • Net Expense Ratio 0.480%
  • Fee Level: Distribution Below Average
  • Share Class Type No Load
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $2,500
  • Investment Status Limited
  • TTM Yield 4.50%
  • Average Effective Duration 1.93 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis JNSTX

Will JNSTX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JNSTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the JNSTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of JNSTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Competent but not compelling.

Principal Maciej Kowara

Maciej Kowara

Principal

Summary

Janus Henderson Short Duration Flexible Bond maintains a pragmatic profile in the competitive short-term bond space, offering investors a blend of corporate, securitized, and government exposures within a flexible mandate. The approach leverages the complementary expertise of lead manager Greg Wilensky, whose background includes multisector fixed income, and comanager Mike Keough, whose expertise lies in corporate credit research, to drive relative value decisions. The strategy’s architecture is grounded in an internal “strategic beta” benchmark that meaningfully diverges from its stated Bloomberg 1–3 Year Government/Corporate Index yardstick, allowing wide latitude in sector weightings.

by Maciej Kowara
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Portfolio Holdings JNSTX

More JNSTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.25%

5.33 38M
Government

United States Treasury Notes 3.75%

4.09 29M
Government

United States Treasury Notes 4.375%

3.29 23M
Government

United States Treasury Notes 3.625%

3.11 22M
Government

United States Treasury Notes 3.75%

2.71 19M
Government

Janus Henderson Cash Liquidity Fund Llc Funds

2.52 18M
Cash and Equivalents

United States Treasury Notes 3.375%

1.72 12M
Government

United Airlines Holdings Inc 4.875%

1.24 9M
Corporate

United States Treasury Notes 3.875%

1.13 8M
Government

United States Treasury Notes 4.25%

1.11 8M
Government

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