Morningstar

Janus Henderson Multi-Sector Income Fund Class S JMUSX

Morningstar Medalist Rating
Medalist Rating as of | See Janus Henderson Investment Hub
  • NAV / 1-Day Return 8.36  /  −0.12 %
  • Total Assets 7.0B
  • Adj. Expense Ratio
    1.140%
  • Expense Ratio 1.060%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.96%
  • Effective Duration 4.18 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis JMUSX

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

  • People Pillar

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

A seasoned team and broader platform strengthen a distinctive multisector approach.

Principal Maciej Kowara

Maciej Kowara

Principal

Summary

Janus Henderson Multi-Sector Income remains a distinctive multisector bond offering, pairing a long-tenured specialist trio with an aggressive but disciplined framework that leans on securitized credit and selective spread risk. Its People rating moves to Above Average from Average because that stable leadership team now sits atop a stronger fixed-income platform.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings JMUSX

More JMUSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Contract - Usd

6.83 612M
Derivative

Janus Henderson Cash Liquidity Fund Llc Funds

5.08 455M
Cash and Equivalents

Federal National Mortgage Association 5.5%

3.54 317M
Securitized

Federal National Mortgage Association 4.5%

2.19 196M
Securitized

Federal National Mortgage Association 3.5%

2.14 192M
Securitized

Federal National Mortgage Association 3%

2.03 182M
Securitized

Federal National Mortgage Association 5%

1.86 166M
Securitized

Federal National Mortgage Association 6%

1.70 152M
Securitized

Janus Henderson Em Mkts Dbt Hrd Ccy ETF

1.47 132M
—

Janus Henderson B-BBB CLO ETF

1.31 117M
—

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