The strategys absolute return objective and broad global opportunity set grant the portfolio managers flexibility to express their investment insights that are not constrained by traditional fixed income benchmarks. This flexibility transcends the breadth of the global fixed income opportunity set to include structural alphas. The investment process is decidedly top-down in approach. The portfolio managers formulate their secular and opportunistic views across different countries, currencies and sectors and translate those views into portfolio exposures yield foundation and structural alphas that represent highest-conviction ideas, and implement them through cash or derivative instruments. This is a capital preservation, global fixed income strategy that targets moderate level of return.
The investment team has been focused on managing strategies with absolute return targets that seek to provide stable and consistent performance with a low tolerance for risk. The team has managed unconstrained, absolute return portfolios through marked periods of extreme volatility and stress.
Investment Flexibility across a Global Opportunity Set
The strategy invests broadly across global fixed income markets and is not constrained by benchmark-specific guidelines. This latitude allows the team to fully express high-conviction active views and avoid areas where we see greater downside risk.
The strategy seeks to provide positive long-term returns through the combination of core fixed income securities and derivative based structural alpha strategies. This allows access to sources of returns that are intended to be uncorrelated to traditional risk assets.
Hear why the team believes having a global opportunity set allows them to seek the best risk-adjusted returns for clients.
Quarterly insight from our fixed income teams to help clients navigate the markets and opportunities ahead.
In this video, Portfolio Managers Nick Maroutsos, Dan Siluk and Jason England discuss the risks with increased issuance and an influx of BBB-rated securities.
Central to a strategy seeking to deliver positive returns is a bond portfolio that incorporates securities able to generate income and have sufficient yield cushions to counteract rising rates. Learn more from our experts.
Past performance cannot guarantee future results.
Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes, if any, and reflect the reinvestment of dividends and other earnings.
The gross performance results presented do not reflect the deduction of investment advisory fees and returns will be reduced by such advisory fees and other contractual expenses as described in the individual contract and Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but they do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy shown and may be higher or lower than model advisory fees. Returns for each client will be reduced by such fees and expenses as negotiated in any client contract as discussed in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period,contact us.
There is no assurance the stated objective(s) will be met.
Indexreturns are provided to represent the investment environment existing during the periods shown. The index is fully invested, including the reinvestment of dividends and capital gains. Index returns do not include any transaction costs, management fees or other costs, and are gross of non-reclaimable withholding taxes, if any.
Janus Henderson provides investment advisory services in the U.S. through Janus Capital Management LLC, together with its participating affiliates.