Fact sheet: Janus High Yield

Fund information
Fund name
Janus High Yield A Acc USD
Fund manager company
Janus Capital Funds
Fund type
No data available.
Fund managers
  • R.Gibson Smithsince 19/06/2008
  • Seth Meyersince 01/01/2016
  • Darrell Watterssince 05/12/2003
Fund objective
This Fund’s primary investment objective is to obtain high current income. Capital appreciation is a secondary objective when consistent with the primary objective. Capital appreciation may result, for example, from an improvement in the credit standing of an issuer whose securities are held by the Fund or from a general lowering of interest rates, or both. This Fund pursues its objectives by investing Primarily in Debt Securities or preferred stock rated below investment grade or unrated Debt Securities of similar quality of US Issuers as determined by the relevant Sub-Investment Adviser provided that at least 51% of its net asset value are invested in Debt Securities. The overall quality of the securities in this portfolio may vary greatly.
Benchmark
  • Barclays U.S. Corporate High Yield
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
7.7%
1 Year rank in sector
-
Sector
FO Fixed Int - USD High Yield
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.96%
Fund size
£649m (£696m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
80
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd31.9%
Allianz US HiYd30.5%
Old Mutual MtyInc HiYdBd25.9%
Nomura US Hg Yld Bd13.4%
SKY Hrb Gl Fd US Hi Yield11.1%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

  • USA81.6%
    Money Market4.2%
    Luxembourg2.8%
    UK2.1%
    Brazil1.9%
  • High Yield Bond83%
    Banks6.9%
    Cash & Cash Equivalents4.2%
    Investment Grade Bonds2.8%
    Asset/Mortgage-Backed Securities1.9%
  • US Corporate Fixed Interest83%
    US Fixed Interest12%
    Money Market4.2%
    US Equities0.5%
    Convertibles0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%0.7%4.9%7.7%7.2%29.1%
Sector0.7%0.8%5.3%8.7%8.7%32.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund10%-2.7%-0.6%6.2%13.1%
Sector10.9%-3.1%0.7%6.2%14.1%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.35
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.94
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.83
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.21
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.43
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.94
Price movement
52 week high25.92
52 week low22.59
Current bid price-
Current offer price-
Current mid price25.76
Region
1USA81.59%
2Money Market4.17%
3Luxembourg2.8%
4UK2.12%
5Brazil1.85%
6Canada1.79%
7Netherlands1.59%
8France1.35%
9Ireland1.03%
Industry sector
1High Yield Bond82.95%
2Banks6.91%
3Cash & Cash Equivalents4.17%
4Investment Grade Bonds2.84%
5Asset/Mortgage-Backed Securities1.92%
6Equities0.52%
7Convertibles0.39%
8Preference Shares0.3%
Asset type
1US Corporate Fixed Interest82.95%
2US Fixed Interest11.97%
3Money Market4.17%
4US Equities0.52%
5Convertibles0.39%
Individual holdings
1ADS TACTICAL INC 11% BDS 01/04/18 USD1000 144A1.9%
2HCA INC 5.375% BDS 01/02/25 USD20001.5%
3DELTA 2 LUX SARL 7.75 20221.3%
4BLACKBOARD INC 7.75% BDS 15/11/19 USD20001.2%
5FRONTIER COMMUNICATIONS CORP 10.5% BDS 15/09/22 USD 20001.2%
6HOWARD HUGHES CORP 6.875% BDS 01/10/21 USD1000 REGS1.2%
7FLORIDA EAST COAST HLDGS CORP 6.75% BDS 01/05/19 USD20001.1%
8HUNT COS INC 9.625% BDS 01/03/21 USD10001.1%
9JACK OHIO FINANCE LLC / JACK OHIO FINANCE 1 CORP 12.13 20181.1%
Management
Fund manager group
Janus Capital
Fund manager company
Janus Capital Funds
Fund type
No data available.
Fund objective
This Fund’s primary investment objective is to obtain high current income. Capital appreciation is a secondary objective when consistent with the primary objective. Capital appreciation may result, for example, from an improvement in the credit standing of an issuer whose securities are held by the Fund or from a general lowering of interest rates, or both. This Fund pursues its objectives by investing Primarily in Debt Securities or preferred stock rated below investment grade or unrated Debt Securities of similar quality of US Issuers as determined by the relevant Sub-Investment Adviser provided that at least 51% of its net asset value are invested in Debt Securities. The overall quality of the securities in this portfolio may vary greatly.
Benchmark
  • Barclays U.S. Corporate High Yield
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
R.Gibson Smith19/06/2008Gibson is Co-Portfolio Manager and Executive Vice President of Janus World Funds Plc - Balanced Fund, which he has co-managed since May 2005. He is Portfolio Manager and Executive Vice President of Janus World Funds Plc US High Yield Fund and Janus World Funds Plc - US Short-Term Bond Fund, which he has managed since December 2003 and July 2003, respectively.Prior to joining Janus in January 2001, Gibson worked in the fixed income division at Morgan Stanley.
Seth Meyer01/01/2016Seth Meyer is a Portfolio Manager on the fundamental fixed income team. In this role he serves as lead manager of the Janus Multi-Sector Income strategy and co-manages the Janus High Yield, Janus Multi-Sector Income and Janus Short Duration High Yield strategies. Mr. Meyer also serves as a Global Analyst, focusing primarily on the consumer and industrials and materials sectors globally. Mr. Meyer joined Janus in September 2004 as a product manager covering a variety of both equity and fixed income strategies. Prior to joining Janus, he served as a consultant relations manager at OppenheimerFunds. Mr. Meyer received his bachelor of science degree in business administration, with a concentration in finance, from the University of Colorado. Mr. Meyer holds the Chartered Financial Analyst designation and has 18 years of financial industry experience.
Darrell Watters05/12/2003Darrell Watters serves as Co-Portfolio Manager of the Janus short-term bond and flexible bond strategies and is a fixed income research analyst. During his tenure at Janus, Darrell worked closely with Ron Speaker, former Portfolio Manager of the Janus flexible bond strategies, and Gibson Smith, Co- CIO and Co-Portfolio Manager of Janus' flexible bond and high-yield strategies. Darrell was also Portfolio Manager and Executive Vice President of Janus Federal Tax-Exempt Fund from 1996 through 2000. Prior to joining Janus in 1993, Darrell was a municipal bond trader with Piper Jaffray. He has 21 years of professional investment experience.Darrell has a bachelor's degree in economics from Colorado State University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Spain, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Offshore, Peru, Singapore, Sweden, Taiwan - Province Of China
Janus High Yield A Acc HKD
Initial charge5%
Annual charge1%
Min single investment£15,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price13
CurrencyHKD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code09T6
Janus High Yield A Acc USD
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price25.76
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJG11
Janus High Yield A Hedged Acc CAD
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCAD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKQGX
Janus High Yield A Hedged Acc EUR
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price28.09
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJG08
Janus High Yield A Hedged Inc AUD
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price9.89
CurrencyAUD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0M2V
Janus High Yield A Hedged Inc CAD
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCAD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKQGW
Janus High Yield A Hedged Inc CNH
Initial charge5%
Annual charge1%
Min single investment£15,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price10.13
CurrencyCNH
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZJQ
Janus High Yield A Inc HKD
Initial charge5%
Annual charge1%
Min single investment£15,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price9.35
CurrencyHKD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code09T7
Janus High Yield A Inc USD
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price8.32
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJG10
Janus High Yield B Acc USD
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.96%
Total expense ratio (TER)2.96%
Bid price-
Offer price-
Mid price21.79
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJG13
Janus High Yield B Hedged Inc EUR
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.95%
Total expense ratio (TER)2.96%
Bid price-
Offer price-
Mid price9.01
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJK29
Janus High Yield B Inc USD
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.96%
Total expense ratio (TER)2.96%
Bid price-
Offer price-
Mid price8.97
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJG12
Janus High Yield E Acc USD
Initial charge1%
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.23
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNBVN
Janus High Yield I Acc USD
Initial charge2%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price16.58
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHVT4
Janus High Yield I Hedged Acc EUR
Initial charge2%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price24.41
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZZ76
Janus High Yield I Hedged Inc CNH
Initial charge2%
Annual charge0.65%
Min single investment£8,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price10.51
CurrencyCNH
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZJR
Janus High Yield I Inc USD
Initial charge2%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price8.98
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeZZ77
Janus High Yield U Acc USD
Initial charge-
Annual charge0.6%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.08
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNMXO
Janus High Yield U Hedged Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.08
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNMXN
Janus High Yield U Hedged Acc GBP
Initial charge-
Annual charge0.6%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.01%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price11.83
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI39Y
Janus High Yield U Hedged Inc GBP
Initial charge-
Annual charge0.6%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.01%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price9.42
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI39Z
Janus High Yield U Inc USD
Initial charge-
Annual charge0.6%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.08
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNMXP
Janus High Yield V Hedged AUD
Initial charge-
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)2.96%
Bid price-
Offer price-
Mid price9.11
CurrencyAUD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGRSX
Janus High Yield V USD
Initial charge-
Annual charge1%
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)2.96%
Bid price-
Offer price-
Mid price8.77
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGRSW
Janus High Yield Z Acc USD
Initial charge-
Annual charge-
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.87
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGSIQ
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.