Janus Henderson Short Duration Income ETF
Janus Detroit Street Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Janus Henderson Short Duration Income ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q1
Janus Henderson Short Duration Income ETF seeks current income, consistent with preservation of capital.
The fund invests at least 80% of assets in fixed-income securities across sectors and geographies, targeting investment-grade debt while allowing up to 15% in high-yield bonds and seeking to exploit market mispricings in underrepresented issuers and regions. It maintains a short duration of 0–2 years and may hold up to 70% in foreign securities, including emerging markets capped at 15%, with currency exposure normally limited to 15%. Because the fund's returns depend on the manager's security selection and market timing decisions rather than tracking an index, performance will diverge from any benchmark. The fund may use derivatives to manage duration and hedge currency risk.
| Share class | Gross | Net | As of |
|---|---|---|---|
| VNLA | 0.25% | 0.23% | 2026 Q2 |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 45.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 74.33% |
| Securitized | 15.51% |
| Cash & short-term | 11.26% |
| Derivatives | -0.03% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 22.5% |
| International | 19.1% |
| Financials | 17.4% |
| Securitized | 15.3% |
| 10 smaller | 25.6% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: AutoNation, Inc., Humana, Inc., Global Payments, Inc. ×2, Enbridge, Inc., Stellantis Financial Services US Corp. ×2, Oracle Corp.
Largest exited: Global Payments, Inc., Air Lease Corp. ×2, Goldman Sachs Bank USA, Jabil, Inc., Enbridge, Inc., Korea Electric Power Corp., Conagra Brands, Inc.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 59.6% |
| Floating rate | 40.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 21.8% |
| 1-3y | 46.9% |
| 3-5y | 9.0% |
| 5-10y | 9.8% |
| 10y+ | 12.5% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 66% |
| Interest rates | 34% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +1.67 yr |
| High yield | +0.02 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.05 yr | 6% |
| 1 yr | 0.51 yr | 60% |
| 5 yr | 0.27 yr | 31% |
| 10 yr | 0.02 yr | 3% |
| 30 yr | 0.00 yr | 0% |
| 3 mo | 0.05 yr | 3% |
| 1 yr | 0.80 yr | 47% |
| 5 yr | 0.66 yr | 39% |
| 10 yr | 0.17 yr | 10% |
| 30 yr | 0.01 yr | 1% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.05 | +0.05 | +0.00 | $17.4k | $119 |
| 1 yr | +0.51 | +0.79 | +0.01 | $254.0k | $3.5k |
| 5 yr | +0.27 | +0.65 | +0.01 | $208.7k | $2.7k |
| 10 yr | +0.02 | +0.17 | +0.00 | $54.1k | $0 |
| 30 yr | +0.00 | +0.01 | +0.00 | $3.8k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 0.86 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | AutoNation, Inc. | 2.39% | $76.99M | — |
| — | Humana, Inc. | 1.91% | $61.54M | — |
| — | Morgan Stanley Bank NA4.95% floating · due 2028-01-14 | 1.36% | $43.78M | — |
| — | Global Payments, Inc. | 1.30% | $41.98M | — |
| — | Enbridge, Inc. | 1.18% | $37.92M | — |
| — | Stellantis Financial Services US Corp. | 1.17% | $37.53M | — |
| — | Oracle Corp.4.55% · due 2029-02-04 | 1.02% | $32.75M | — |
| — | Global Payments, Inc. | 0.96% | $30.90M | — |
| — | Bank Australia Ltd.5.69% floating · due 2028-02-21 | 0.86% | $27.84M | — |
| — | Atlas Warehouse Lending Co. LP6.05% · due 2028-01-15 | 0.81% | $26.03M | — |
Top 10 positions are 12.96% of net assets, top 25 23.87%, across 184 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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