Line of Credit The investment seeks high current income; capital appreciation is a secondary investment objective.
The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in high-yield/high-risk securities rated below investment grade. Securities rated below investment grade may include their unrated equivalents or other high-yielding securities the portfolio managers believe offer attractive risk/return characteristics.
The fund may invest in lower-quality debt securities that involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional risk information for this product may be found in the prospectus or other product materials, if available.
This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.
The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class's actual inception of 07/06/2009. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 12/29/1995, adjusted to reflect the fees and expenses of this share class (when this share class's fees and expenses are higher.) Please refer to a fund's prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.
| Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
|---|---|---|---|---|---|
FUND Janus Henderson High-Yield Fund Class I | 8.34% | 1.01% | 2.85% | 4.35% | 6.60% |
PRIMARY BENCHMARK | 1.25% | -2.41% | -0.33% | 1.35% | 4.11% |
SECONDARY BENCHMARK | 8.19% | 2.92% | 4.21% | 5.17% | 6.61% |
MORNINGSTAR CATEGORY AVERAGE | 7.63% | 2.78% | 3.72% | 4.33% | -- |
Janus Henderson High-Yield Fund Class I | 5.39% | -1.51% | 0.47% | 1.88% | 3.86% |
| 4.26% | 0.13% | 1.31% | 2.00% | -- | |
Janus Henderson High-Yield Fund Class I | 4.88% | -0.36% | 1.12% | 2.22% | 3.98% |
| 4.20% | 0.91% | 1.77% | 2.25% | -- |