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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
In September 2025, the Janus Henderson Strategic Bond Fund returned 0.82%, outperforming its peer group average of 0.72%. The primary performance driver was the allocation to higher-yielding credit, supplemented by secondary contributions from US and New Zealand duration. Yields drifted lower globally, and the fund capitalized on this by slightly reducing US duration. Conversely, the managers added exposure to high-yield corporate bonds and subordinated financials. The forward outlook highlights a macroeconomic debate shifting toward AI infrastructure spending and US growth reacceleration, alongside a clear preference for taking credit risk over duration due to range-bound spreads and non-synchronised global interest rate cycles.
Active asset allocation across global credit and duration yield curves, prioritizing credit risk over duration to capture attractive yields within a supportive fundamental and range-bound spread environment.
The managers expect credit spreads to remain range-bound, supported by strong fundamental and technical backdrops. They believe the current environment of non-synchronised interest rate cycles across developed markets requires highly selective duration and geographical exposure, with a continued preference for taking credit risk over duration.
As of Sep 30, 2025
Hamish Chamberlayne, CFA, serves as Head of Global Sustainable Equities and has managed the fund since December 31, 2013. He holds a master's degree in chemistry from the University of Oxford and has over 21 years of financial industry experience. Aaron Scully, CFA, joined as Portfolio Manager on June 28, 2019, and holds a B.S. in finance from Indiana University with 26 years of financial experience. The Global Sustainable Equity Strategy was originally launched in July 1991, making it a strategy with over 30 years of track record. The management team operates from both Denver, Colorado and London offices, bringing extensive experience in sustainable investing and ESG integration.
Lead Portfolio Manager
Jenna Barnard, CFA
Managing Partner
High Conviction Bullish
Market Conviction
High-conviction positioning: The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Growth Outlook
Market outlook remains above average conviction: The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Risk Appetite
Risk appetite posture is above average conviction: The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Forward Guidance
Forward guidance signal: The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Language Signal
Tone analysis indicates above average conviction language: The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Time Horizon
Investment time horizon reflects a high conviction orientation. The Janus Henderson Strategic Bond Fund returned 0.82% in September 2025, outperforming its peer group. The managers are actively favoring credit risk over duration and have increa...
Top Conviction Themes
Key Catalysts
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