# Portfolio overlap — JSHAX vs JMUAX

Comparing **Janus Henderson Short Duration Flexible Bond Fund** (2026-03-31) and **Janus Henderson Multi-Sector Income Fund** (2026-03-31).

- Shared positions: 53
- Janus Henderson Short Duration Flexible Bond Fund covered by Janus Henderson Multi-Sector Income Fund: 0.08368373037443665620802011763
- Janus Henderson Multi-Sector Income Fund covered by Janus Henderson Short Duration Flexible Bond Fund: 0.08368373037443665620802011763

## Janus Henderson Short Duration Flexible Bond Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| US TREASURY N/B | 0.040583 |  |
| US TREASURY N/B | 0.030857 |  |
| UNITED KINGDOM GILT /GBP/ REGD REG S 4.12500000 | 0.021783 |  |
| US TREASURY N/B | 0.021302 |  |
| Janus Henderson Cash Liquidity Fund LLC | 0.017460 | ✓ |
| US TREASURY N/B | 0.017074 |  |
| SORT 2022-1A A1 | 0.013617 | ✓ |
| UAL 4.875 03/01/29 | 0.012152 |  |
| US TREASURY N/B | 0.011179 |  |
| US TREASURY N/B | 0.008911 |  |
| Takeoff Merger Sub, Inc. | 0.007665 |  |
| US TREASURY N/B | 0.007585 |  |
| DT Midstream Inc | 0.007464 | ✓ |
| DISCOVER FIN SVS | 0.007462 |  |
| ORACLE CORP | 0.007411 |  |
| SALESFORCE INC | 0.007280 |  |
| LPL HOLDINGS INC | 0.006833 |  |
| OBDC 3.125 04/13/27 * | 0.006607 |  |
| COLEM Mortgage Trust, Series 2022-HLNE, Class A | 0.006535 |  |
| CCL 5.125 05/01/29 144A | 0.006506 |  |
| Genesee & Wyoming Term Loan B 200 2031-03-25 | 0.006502 |  |
| DNKN 2017-1A A2II 4.03% 11/20/2047 144A | 0.006478 |  |
| Rocket Cos., Inc. | 0.006357 | ✓ |
| Maple Parent Holdings Corp. | 0.006012 |  |
| APPLOVIN CORP | 0.005966 |  |
| HESS MIDSTREAM PARTNERS LP 4.25% 02/15/2030 144A | 0.005841 | ✓ |
| Compass Datacenters Issuer II LLC, Series 2025-1A, Class A1 | 0.005784 |  |
| EATON CORP | 0.005749 |  |
| MORGAN STANLEY | 0.005694 |  |
| Takeoff Merger Sub Inc | 0.005684 |  |
| GOLDMAN SACHS GP | 0.005668 |  |
| QTS Issuer ABS I LLC, Series 2025-1A, Class B | 0.005644 |  |
| TMHC 5.75 01/15/28 144A | 0.005465 |  |
| DROP Mortgage Trust 2021-FILE | 0.005378 | ✓ |
| US TREASURY N/B | 0.005321 |  |
| CVS HEALTH CORP | 0.005061 |  |
| US BANCORP | 0.005012 |  |
| LPL HOLDINGS INC | 0.004977 |  |
| SV RNO Property Owner 1 LLC | 0.004933 | ✓ |
| SM ENERGY CO 144A LIFE SR UNSEC 8.625% 11-01-30 | 0.004889 |  |
| BOOZ ALLEN HAMILTON INC REGD 144A P/P 3.87500000 | 0.004850 |  |
| CyrusOne Data Centers Issuer I LLC, Series 2024-3A, Class A2 | 0.004759 |  |
| ROBLOX CORP SR UNSECURED 144A 05/30 3.875 | 0.004752 | ✓ |
| TLN TL B 1L USD | 0.004738 |  |
| EMRLD Borrower L.P., Incremental Term Loan B | 0.004603 | ✓ |
| BX Trust, Series 2025-VLT7, Class A | 0.004552 |  |
| ORACLE CORP | 0.004550 |  |
| Formula One Term Loan B 200 2031-09-01 | 0.004449 |  |
| UFC Holdings, LLC, Term Loan | 0.004383 |  |
| NRG ENERGY INC SR SECURED 144A 10/30 4.734 | 0.004375 |  |

## 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 | ✓ |


## Sources

- N-PORT (fund A) — accession `0000277751-26-000162` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/277751/000027775126000162/0000277751-26-000162-index.htm>
- N-PORT (fund B) — accession `0000277751-26-000160` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/277751/000027775126000160/0000277751-26-000160-index.htm>

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_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._

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