# Portfolio overlap — JMUDX vs GSZAX

Comparing **Janus Henderson Multi-Sector Income Fund** (2026-03-31) and **Goldman Sachs Dynamic Bond Fund** (2026-03-31).

- Shared positions: 54
- Janus Henderson Multi-Sector Income Fund covered by Goldman Sachs Dynamic Bond Fund: 0.1209746176953685920521214880
- Goldman Sachs Dynamic Bond Fund covered by Janus Henderson Multi-Sector Income Fund: 0.1209746176953685920521214881

## Janus Henderson Multi-Sector Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FNCL 5.5 4/26 | 0.037551 | ✓ |
| Janus Henderson Cash Liquidity Fund LLC | 0.031372 |  |
| Janus Henderson Emerging Markets Debt Hard Currency ETF | 0.030371 |  |
| FNCL 4.5 4/26 | 0.023456 | ✓ |
| US ULTRA BOND CBT Sep25 | 0.023301 |  |
| FNCL 3.5 4/26 | 0.023098 |  |
| FNCL 3 4/26 | 0.021886 | ✓ |
| FNCL 5 4/26 | 0.019822 | ✓ |
| FNCL 6 4/26 | 0.017892 | ✓ |
| FNCL 4 4/26 | 0.010742 | ✓ |
| G2SF 3.5 5/25 | 0.010497 |  |
| Janus Henderson Cash Collateral Fund LLC | 0.008920 |  |
| BCC 2023-3A A1R | 0.007263 |  |
| MDPK 2025-73A A1 | 0.006707 |  |
| CIFC Funding Ltd., Series 2019-7A, Class A1R | 0.005806 |  |
| STACR 2021-HQA3 B2 | 0.004869 |  |
| BSP 2022-28A AR | 0.004666 | ✓ |
| NZES 2025-FHT1 A 144A 6.545% 03-25-32 | 0.004620 |  |
| STACR 2021-DNA7 B1 | 0.004610 |  |
| CEDF 2021-14A AR | 0.004418 |  |
| SUN V7.875 PERP 144A | 0.004200 |  |
| FN FA2021 | 0.004183 |  |
| Magnetite XLIV Ltd | 0.004165 |  |
| LEIA FINCO US TL 1L 10/9/2031 | 0.003847 |  |
| CGMS 2017-2A AR2 | 0.003792 |  |
| GRNT 8.875 11/05/29 | 0.003725 |  |
| TEP 6.75 03/15/34 144A | 0.003641 |  |
| Humana Inc | 0.003618 |  |
| BLP Commercial Mortgage Trust, Series 2025-IND2, Class E | 0.003503 |  |
| ALPHA GENERATION LLC REGD 144A P/P 6.25000000 | 0.003478 |  |
| BSP 2025-43A A | 0.003457 |  |
| Jane Street Group / JSG Finance Inc. | 0.003399 |  |
| CEDF 2018-9A AR | 0.003383 |  |
| ITT HOLDINGS LLC SR UNSECURED 144A 08/29 6.5 | 0.003365 |  |
| FNMA Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B1 | 0.003265 |  |
| Switch ABS Issuer LLC, Series 2026-1A, Class A21 | 0.003238 |  |
| SFARM 2025-1A A2 | 0.003217 |  |
| STACR 2021-HQA4 B1 12/41 | 0.003204 |  |
| STACR 2021-HQA4 B2 | 0.003168 |  |
| WHITE CAP BUYER LLC 2026 INCREMENTAL TERM LOAN B | 0.003154 |  |
| MDPK 2024-66A A2 | 0.003141 |  |
| HESS MIDSTREAM PARTNERS LP 4.25% 02/15/2030 144A | 0.003138 |  |
| Dryden 37 Senior Loan Fund | 0.003039 |  |
| OAKC 2021-8A A2R | 0.003037 |  |
| AMCX 10.5 07/15/32 144A | 0.003034 |  |
| FR RJ3069 | 0.003019 |  |
| Cloud Software Group Inc | 0.003014 |  |
| FNCL 2.5 4/26 | 0.002922 | ✓ |
| Barings Loan Partners CLO Ltd., Series LP-5A, Class A | 0.002915 |  |
| NCLH 5.875 01/15/31 144A | 0.002910 |  |

## Goldman Sachs Dynamic Bond Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FNCL 5.5 4/26 | 0.076916 | ✓ |
| Uniform Mortgage-Backed Security, TBA | 0.068968 |  |
| US TREASURY N/B | 0.044126 |  |
| US TREASURY N/B | 0.026205 |  |
| G2SF 5.5 4/25 | 0.023352 |  |
| US TREASURY N/B | 0.023100 |  |
| USD-SOFR-OIS Compound---20350226 | 0.020507 |  |
| FNCL 6 4/26 | 0.019097 | ✓ |
| G2SF 5 5/26 | 0.017300 |  |
| FNCL 5 4/26 | 0.017268 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.50% 2/15/2053 | 0.017119 |  |
| ZURICH INSURANCE GROUP AG TRS 0.0000% 05-15-2033 | 0.014563 |  |
| G2SF 6 4/25 | 0.014495 |  |
| FNCL 4.5 4/26 | 0.014143 | ✓ |
| FNCL 2.5 4/26 | 0.014042 | ✓ |
| FNCL 4 4/26 | 0.009599 | ✓ |
| ZOOM COMMUNICATIONS INC | 0.008481 |  |
| Enel Finance America LLC | 0.008101 |  |
| E.ON SE | 0.008084 |  |
| Spire Inc | 0.006913 |  |
| Hyundai Capital America | 0.006897 |  |
| Bunzl Finance PLC | 0.006111 |  |
| G2SF 4.5 4/26 | 0.005894 |  |
| US TREASURY N/B | 0.005401 |  |
| Pikes Peak CLO 19 2025 | 0.004728 |  |
| Bell Telephone Co of Canada or Bell Canada/The | 0.004664 |  |
| MONEYMKT | 0.004452 |  |
| Regatta 30 Funding Ltd., Series 2024-4A, Class A1 | 0.004281 |  |
| Banco Bilbao Vizcaya Argentaria/New York NY | 0.004115 |  |
| Air Lease Corporation 0% CP 02/04/2026 | 0.004073 |  |
| Alexandria Real Estate Equities Inc | 0.004070 |  |
| Air Lease Corp. | 0.004068 |  |
| G2SF 4 4/23 | 0.003812 | ✓ |
| CBAMR 2018-5A A1R | 0.003759 |  |
| Providus CLO | 0.003695 |  |
| AGL CLO 23 Ltd., Series 2022-23A, Class A1R | 0.003650 |  |
| FNCL 3 4/26 | 0.003581 | ✓ |
| ZSCALER INC CFD | 0.003238 |  |
| Oracle Corp. 0% CP 02/10/2026 | 0.003103 |  |
| Palmer Square CLO Ltd., Series 2024-3A, Class A | 0.003056 |  |
| RWE AG | 0.002998 |  |
| REGATTA XVI FUNDING LTD. REG16 2019 2A A1R2 144A | 0.002930 |  |
| ENERGY TRANSFER PART LP | 0.002852 |  |
| McCormick & Co Inc/MD | 0.002850 |  |
| Sixth Street CLO XVI Ltd., Series 2020-16A, Class A1R2 | 0.002753 |  |
| MAN GLG US CLO 2021-1 LTD | 0.002729 |  |
| Elmwood CLO 35 Ltd | 0.002711 |  |
| Elmwood CLO X Ltd., Series 2021-3A, Class AR2 | 0.002700 |  |
| G2SF 2 4/26 | 0.002685 |  |
| Elmwood CLO Ltd., Series 2020-1A, Class AR | 0.002608 |  |


## Sources

- N-PORT (fund A) — accession `0000277751-26-000160` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/277751/000027775126000160/0000277751-26-000160-index.htm>
- N-PORT (fund B) — accession `0001410368-26-051328` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/822977/000141036826051328/0001410368-26-051328-index.htm>

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