Janus Launches Actively Managed Short Duration Income ETF (VNLA)

The launch signals Janus’ first step in actively managed ETFs

Company Release - 11/17/2016 8:06 AM ET

DENVER, Nov. 17, 2016 (GLOBE NEWSWIRE) -- Janus Capital Group, Inc. (NYSE:JNS) today announced the launch of the Janus Short Duration Income ETF (NYSE:VNLA) – an actively managed, fixed‐income exchange traded fund (ETF).

The Janus Short Duration Income ETF seeks to provide a steady income stream and a focus on capital preservation across various market cycles, by seeking to select fixed income instruments that can provide a return of two to three percent above the three-month LIBOR rate. Rather than tracking a benchmark, the Fund is designed to move beyond conventional constraints and provide positive absolute returns. It can also act as a traditional core fixed income diversifier and potentially reduce risk in an investor's portfolio.

Nick Maroutsos and Daniel Siluk, on Janus’ Global Macro Fixed Income Team, are portfolio managers of the Janus Short Duration Income ETF. Members of the team have been managing short duration income strategies together for almost 10 years, and VNLA is an extension of that core expertise.

"The key in short duration bond investing is to capitalize on structural inefficiencies in fixed‐income markets," Maroutsos said. "We believe we can better position this fund to outperform through market cycles by actively looking for value across sectors and geographies using a wide range of fixed‐income instruments.’’

The Short Duration Income ETF represents an expansion of Janus’ global macro fixed income lineup, continuing the firm’s strategy of intelligent diversification to offer best‐in‐class investment alternatives.   It also represents Janus’ first step into the active ETF market since its initial foray into exchange traded products (ETPs) following the acquisition of VelocityShares in 2014. Janus’ ETP strategy is focused on offering differentiated products in multiple categories including tactical, enhanced beta, thematic and active fixed income.
"Investors have embraced actively managed fixed‐income ETFs as they look for expert management to navigate low cash returns and potentially rising rates, while still enjoying the structural benefits of ETFs," said Nick Cherney, Senior Vice President and Head of Exchange Traded Products for Janus Capital Group.

About Janus Capital Group Inc.
Janus Capital Group Inc. (JCG) is a global investment firm dedicated to delivering better outcomes for clients through a broad range of investment solutions, including fixed income, equity, alternative and multi-asset class strategies. It does so through a number of distinct asset management platforms, including investment teams within Janus Capital Management LLC (Janus), as well as INTECH Investment Management LLC (INTECH), Perkins Investment Management LLC (Perkins) and Kapstream Capital Pty Limited (Kapstream), in addition to a suite of exchange-traded products. Each team brings distinct asset class expertise, perspective, style-specific experience and a disciplined approach to risk. Investment strategies are offered through open-end funds domiciled in both the U.S. and offshore, as well as through separately managed accounts, collective investment trusts and exchange-traded products. Based in Denver, JCG has offices located in 12 countries throughout North America, Europe, Asia and Australia. The firm had complex-wide assets under management and exchange traded note assets totaling $198.9 billion as of September 30, 2016.

Please consider the charges, risks, expenses, and investment objectives carefully before investing.  For a prospectus containing this and other information, please call 877.33JANUS (52687) or download the file from janus.com/ETFs.  Read it carefully before you invest or send money. 

OBJECTIVE: Janus Short Duration Income ETF (VNLA) seeks to provide a steady income stream with capital preservation across various market cycles. The Fund seeks to consistently outperform the LIBOR 3-month rate by a moderate amount through various market cycles while at the same time providing low volatility.

Investing involves risk, including the possible loss of principal and fluctuation of value. Past performance is no guarantee of future results. There is no assurance the stated objective(s) will be met. Diversification neither assures a profit nor eliminates the risk of experiencing investment losses.

Fixed income securities are subject to interest rate, inflation, credit and default risk.  As interest rates rise, bond prices usually fall, and vice versa.  Foreign securities, including sovereign debt, are subject to currency fluctuations, political and economic uncertainty, increased volatility and lower liquidity, all of which are magnified in emerging markets. Derivatives involve risks in addition to the risks of the underlying securities, including gains or losses which, as a result of leverage, can be substantially greater than the derivatives’ original cost.

Actively managed portfolios may fail to produce the intended results. No investment strategy can ensure a profit or eliminate the risk of loss.

The ETF is new and has less than one year of operating history.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.

ETF shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Units only.

Enhanced Beta or Smart Beta defines a set of investment strategies that emphasize the use of alternative index construction rules to traditional market capitalization based indices.

LIBOR (London Interbank Offered Rate) is a short-term interest rate that banks charge one another and that is generally representative of the most competitive and current cash rates available. An investment cannot be made directly in an index.

ETFs distributed by ALPS Distributors, Inc. Mutual funds distributed by Janus Distributors LLC. ALPS is not affiliated with Janus, INTECH, Perkins, Kapstream or VelocityShares. Janus, INTECH and Perkins are registered trademarks of Janus International Holding LLC. © Janus International Holding LLC.

C-1116-5709 11-30-2018

Media Contact:
Taylor Smith, 303‐336‐5031
[email protected] 

Investor Contact:
John Groneman, 303‐336‐7466
[email protected]  

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Source: Janus Capital Group Inc.