# Portfolio overlap — JMUTX vs JAFIX Comparing **Janus Henderson Multi-Sector Income Fund** (2026-03-31) and **Janus Henderson Flexible Bond Fund** (2026-03-31). - Shared positions: 109 - Janus Henderson Multi-Sector Income Fund covered by Janus Henderson Flexible Bond Fund: 0.1700551586450937570185581165 - Janus Henderson Flexible Bond Fund covered by Janus Henderson Multi-Sector Income Fund: 0.1700551586450937570185581164 ## 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 | ✓ | ## Janus Henderson Flexible Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Janus Henderson Cash Liquidity Fund LLC | 0.062921 | ✓ | | US TREASURY N/B | 0.045761 | | | FNCL 6 4/26 | 0.022155 | ✓ | | US TREASURY N/B | 0.021532 | | | UNITED KINGDOM GILT /GBP/ REGD REG S 4.12500000 | 0.020949 | | | Uniform Mortgage-Backed Security, TBA | 0.012073 | | | Janus Henderson Emerging Markets Debt Hard Currency ETF | 0.011580 | ✓ | | CITIGROUP INC | 0.007026 | | | FOUNDRY JV HOLDC | 0.006094 | | | UAL 4.875 03/01/29 | 0.005918 | | | Compass Datacenters Issuer II LLC, Series 2025-1A, Class A1 | 0.005502 | | | MORGAN STANLEY | 0.005473 | | | Federal Home Loan Mortgage Corp. | 0.005455 | | | SORT 2022-1A A2 144A 6.11% 08-15-62 | 0.005319 | ✓ | | ANTERO RESOURCES CORP SR UNSEC 5.4% 02-01-36 | 0.005167 | ✓ | | G2 MA7535 | 0.004976 | | | US TREASURY N/B | 0.004945 | | | SV RNO Property Owner 1 LLC | 0.004828 | ✓ | | JPMORGAN CHASE | 0.004728 | | | EMRLD Borrower L.P., Incremental Term Loan B | 0.004726 | ✓ | | FNMA, Other | 0.004473 | | | Genesee & Wyoming Term Loan B 200 2031-03-25 | 0.004375 | | | BX Trust, Series 2025-VLT7, Class A | 0.004324 | | | G2SF 2.5 4/24 | 0.004315 | | | Formula One Term Loan B 200 2031-09-01 | 0.004299 | | | UMBS Pool, 30 Year | 0.004286 | | | UFC Holdings, LLC, Term Loan | 0.004255 | | | FNCL 2.5 4/26 | 0.004204 | ✓ | | UMBS, 30 Year | 0.004115 | | | FN MA4378 | 0.004086 | | | US TREASURY N/B | 0.004056 | | | UMBS Pool, 30 Year | 0.003955 | | | FNMA, Other | 0.003927 | | | APPLOVIN CORP | 0.003869 | ✓ | | HUMANA INC | 0.003767 | | | BANK OF AMER CRP | 0.003743 | | | UMBS Pool, 30 Year | 0.003694 | | | FRSTST TL B 1L USD | 0.003673 | | | FNCL 4.5 4/26 | 0.003541 | ✓ | | G2 MA5930 | 0.003525 | | | NCLH 5.875 01/15/31 144A | 0.003459 | ✓ | | AGL CLO 26 Ltd., Series 2023-26A, Class A1R | 0.003457 | | | TEP 6.75 03/15/34 144A | 0.003455 | ✓ | | UMBS Pool, 30 Year | 0.003397 | | | Carnival Corp. | 0.003328 | ✓ | | Morgan Stanley | 0.003324 | | | HESS MIDSTREAM PARTNERS LP 4.25% 02/15/2030 144A | 0.003318 | ✓ | | SALESFORCE INC | 0.003285 | | | FR SD8212 | 0.003278 | | | CVS HEALTH CORP | 0.003272 | | ## Sources - N-PORT (fund A) — accession `0000277751-26-000160` (as of 2026-03-31) - N-PORT (fund B) — accession `0000277751-26-000141` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _