Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 06/12/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Janus Henderson Short Duration Income ETF

VNLA | Active ETF

$48.97

$3.28 B

4.63%

$2.26

0.25%

Vitals

YTD Return

1.5%

1 yr return

4.6%

3 Yr Avg Return

5.8%

5 Yr Avg Return

3.8%

Net Assets

$3.28 B

Holdings in Top 10

12.7%

52 WEEK LOW AND HIGH

$49.0
$48.85
$49.33

Expenses

OPERATING FEES

Expense Ratio 0.25%

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 06/12/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Janus Henderson Short Duration Income ETF

VNLA | Active ETF

$48.97

$3.28 B

4.63%

$2.26

0.25%

VNLA - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.98%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Janus Henderson Short Duration Income ETF
  • Fund Family Name
    Janus Henderson Funds
  • Inception Date
    Nov 16, 2016
  • Shares Outstanding
    51900000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Siluk

Fund Description

p id="xdx_A8__eoef--StrategyNarrativeTextBlock_zhT26O55IciI" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"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. 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 U.S. 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, 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/span/p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"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./span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"span style="-sec-ix-redline: true" /span/p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"Under normal circumstances, the average portfolio duration of the Fund generally will be 0-2 years. The Fund primarily invests in investment grade debt securities (that is, securities rated equal to or higher than Baa3/BBB- or equivalent by a nationally recognized statistical rating organization (“NRSRO”), or if unrated, determined to be of comparable credit quality by the Adviser). 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. /span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"span style="-sec-ix-redline: true" /span/p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"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./span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"span style="-sec-ix-redline: true" /span/p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"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./span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"span style="-sec-ix-redline: true" /span/p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"Portfolio management’s investment process is research driven, incorporating “top-down” and “bottom-up” factors to identify and manage exposure to risks across sectors, industries, and individual investments. Portfolio management evaluates expected risk-adjusted returns on a portfolio and position level by analyzing fundamentals, valuations, and market technical indicators. This research encompasses both traditional fundamental analysis and data driven quantitative models and signals from such models. Under normal circumstances, the Fund will generally sell or dispose of its portfolio investments when, in the opinion of the Adviser, they have reached their profit or price target, or as the result of changing market conditions. /span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"span style="-sec-ix-redline: true" /span/p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"The Fund is “actively managed” and, thus, does not seek to replicate the performance of a specified index. Accordingly, portfolio management has discretion on a daily basis to manage the Fund’s portfolio in accordance with the Fund’s investment objective. /span/p
Read More

VNLA - Performance

Return Ranking - Trailing

Period VNLA Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% 0.5% 2.6% 73.85%
1 Yr 4.6% 2.9% 8.6% 18.97%
3 Yr 5.8%* 3.7% 8.9% 12.82%
5 Yr 3.8%* 1.7% 5.3% 17.30%
10 Yr N/A* -3.4% 28.6% 16.26%

* Annualized

Return Ranking - Calendar

Period VNLA Return Category Return Low Category Return High Rank in Category (%)
2025 0.5% -0.8% 2.1% 19.49%
2024 1.2% -2.2% 2.2% 10.77%
2023 1.9% -2.3% 4.3% 24.10%
2022 -4.3% -6.5% 0.5% 89.36%
2021 -1.8% -2.0% 0.3% 98.35%

Total Return Ranking - Trailing

Period VNLA Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% 0.5% 2.6% 73.85%
1 Yr 4.6% 2.9% 8.6% 18.97%
3 Yr 5.8%* 3.7% 8.9% 12.82%
5 Yr 3.8%* 1.7% 5.3% 17.30%
10 Yr N/A* -3.4% 28.6% N/A

* Annualized

Total Return Ranking - Calendar

Period VNLA Return Category Return Low Category Return High Rank in Category (%)
2025 5.5% 3.5% 8.7% 25.64%
2024 6.4% 3.8% 9.0% 30.77%
2023 6.1% 3.1% 12.1% 36.41%
2022 -0.2% -5.1% 2.5% 51.06%
2021 -0.2% -1.4% 14.5% 85.16%

VNLA - Holdings

Concentration Analysis

VNLA Category Low Category High VNLA % Rank
Net Assets 3.28 B 28.1 K 38.4 B 28.21%
Number of Holdings 339 2 1429 49.23%
Net Assets in Top 10 377 M 27.4 K 43 B 38.97%
Weighting of Top 10 12.73% 4.9% 156.3% 76.41%

Top 10 Holdings

  1. Global Payments, Inc. 3.02%
  2. Air Lease Corp. 1.59%
  3. Morgan Stanley Bank NA 1.49%
  4. Goldman Sachs Bank USA 1.14%
  5. Jabil, Inc. 1.05%
  6. Bank Australia Ltd. 0.92%
  7. Enbridge, Inc. 0.92%
  8. Atlas Warehouse Lending Co. LP 0.89%
  9. Molex Electronic Technologies LLC 0.87%
  10. Bank of America Corp., Series FIX 0.85%

Asset Allocation

Weighting Return Low Return High VNLA % Rank
Bonds 		82.57% 0.00% 128.31% 45.64%
Convertible Bonds 		14.54% 0.00% 15.25% 1.03%
Cash 		9.55% 0.00% 105.56% 32.82%
Other 		7.89% -52.16% 99.98% 56.92%
Stocks 		0.00% 0.00% 94.39% 37.44%
Preferred Stocks 		0.00% 0.00% 0.00% 24.10%

Bond Sector Breakdown

Weighting Return Low Return High VNLA % Rank
Corporate 		79.35% 0.00% 99.91% 4.12%
Cash & Equivalents 		8.77% 0.00% 105.56% 31.28%
Government 		5.36% 0.00% 100.00% 37.63%
Securitized 		1.70% 0.00% 100.00% 76.29%
Municipal 		0.00% 0.00% 61.92% 59.28%
Derivative 		-0.60% -47.17% 12.66% 96.92%

Bond Geographic Breakdown

Weighting Return Low Return High VNLA % Rank
US 		69.39% 0.00% 128.31% 65.64%
Non US 		13.18% 0.00% 13.18% 0.51%

VNLA - Expenses

Operational Fees

VNLA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.08% 5.13% 83.33%
Management Fee 0.23% 0.00% 1.19% 36.92%
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% 3.75% 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% 336.00% 62.11%

VNLA - Distributions

Dividend Yield Analysis

VNLA Category Low Category High VNLA % Rank
Dividend Yield 4.63% 0.98% 8.76% 67.18%

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% -0.91% 14.86% 13.90%

Capital Gain Distribution Analysis

VNLA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

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 6.52 7.92

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.