Morningstar

Janus Henderson Developed World Bond Fund Class T HFATX

Morningstar Medalist Rating
Medalist Rating as of | See Janus Henderson Investment Hub
  • NAV / 1-Day Return 7.75  /  −0.13 %
  • Total Assets 476.8M
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.810%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Global Bond-USD Hedged
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.69%
  • Effective Duration 3.79 years

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 10:47 PM GMT+0

Morningstar’s Analysis HFATX

Will HFATX 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 HFATX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HFATX 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 HFATX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The exit of a longtime leader is a loss for this tight-knit team, but many strengths remain.

Analyst Giovanni Cafaro

Giovanni Cafaro

Analyst

Summary

Janus Henderson announced in June 2024 that John Pattullo would retire in March 2025, ending a two-decade partnership with Jenna Barnard in leading the strategy. To ensure continuity, Nicholas Ware, an experienced credit-focused manager involved in the strategy for more than 10 years, joined Barnard as comanager across all flexible mandates in July 2024. The team also includes Oliver Bardot, who became comanager on the Luxembourg-domiciled vehicle in January 2023 and works closely with Ware, leveraging the firm’s 26-member global credit research team. This tight-knit group, supported by broader fixed-income resources at the firm, benefits from seasoned leadership and strong collaboration, resulting in an Above Average People Pillar rating.

by Giovanni Cafaro
Rated on Published on

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Portfolio Holdings HFATX

More HFATX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

New Zealand (Government Of) 3%

3.65 17M
Government

Janus Henderson Cash Liquidity Fund Llc

2.47 12M
Cash and Equivalents

Federal National Mortgage Association 5.5%

2.38 11M
Securitized

Federal National Mortgage Association 5.5%

2.11 10M
Securitized

Germany (Federal Republic Of) 2.2%

2.06 10M
Government

Fnma Pass-Thru I 5.5%

1.77 8M
Securitized

Spain (Kingdom of) 3.2%

1.69 8M
Government

Tesco Property Finance 3 Plc 5.744%

1.30 6M
Securitized

Orange SA 1.375%

1.26 6M
Corporate

Federal National Mortgage Association 5.5%

1.19 6M
Securitized

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