Janus Henderson US Short Duration High Yield Active Core UCITS ETF (USD) Acc.

AuM:
$10,014,009
Ongoing charges:
0.49%
NAV:
10.014
Ticker:
JSHY

Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 2026-02-10

Past performance does not predict future returns. The value of an investment may go down as well as up and you may lose the amount originally invested. Investors should read the Key Risks section of this page, Key Investor Information Document and Prospectus prior to investing.

Our Capital Markets team

Our team maintains relations with APs, market makers and banks/brokers and will help you find the most efficient way to execute.

Contact us for further information about Janus Henderson ETFs trading and liquidity.

Email  capmarkets@jhetf.com

When it comes to trading, Janus Henderson ETFs combine the best of listed securities and mutual funds – the flexibility to trade throughout the day, plus the ability to trade at NAV for large orders. Trading in our ETFs is supported by both Authorised Participants and Market Makers.

Ways to trade

– On exchange – Pay bid/offer spread plus broker commission
– Over-The-Counter at risk – Bank/broker provides price
– Over-The-Counter at NAV – Pay NAV plus/minus a spread agreed with AP

What to consider

– Size of trade
– Timing / urgency
– Market environment
– Specific underlying
and many other factors…

Definitions:

– The bid offer spread is the difference between the price a buyer is willing to pay for an asset and the price a seller is willing to accept.
– Over-the-counter refers to trades made off exchange.

Understanding ETF trading

Like a mutual fund, the liquidity of an ETF is driven primarily by the liquidity of the underlying index. ETFs shares can be created and redeemed at NAV by Authorised Participants (the “primary market”).

What makes ETFs so liquid?

However, unlike mutual funds, ETFs also trade on the secondary market, via an Exchange or Over-The-Counter. ETF shares can be exchanged between investors or via a Market Maker, thus Authorised Participants don’t necessarily need to create/redeem shares on the primary market.

ETF secondary market can provide an additional layer of liquidity for investors seeking exposure to the underlying market.

Unlike for shares, exchange volume is not the only measure of liquidity

Unlike for shares, exchange volume is not the only measure of liquidity

Key risks

No capital protection: The value of your investment may go down as well as up and you may not get back the amount you invested.

Liquidity risk: Lower liquidity means there are insufficient buyers or sellers to allow the Sub-Fund to sell or buy investments readily. Neither the Index provider nor the issuer make any representation or forecast on liquidity.

Active Management: Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.

Credit Risk: An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital. If this happens or the market perceives this may happen, the value of the bond will fall.

Interest Rates: When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise (or are expected to rise). This risk is typically greater the longer the maturity of a bond investment.

High Yield Bonds: While high yield (non-investment grade) bonds generally offer higher rates of interest than investment grade bonds, they are more speculative and more sensitive to adverse changes in market conditions.

County or Region: High exposure to a particular country or geographical region carries a higher level of risk than a more broadly diversified portfolio.

Derivatives: Derivatives may be used with the aim of reducing risk or managing the portfolio more efficiently. However, this introduces other risks, in particular, that a derivative counterparty may not
meet its contractual obligations.

Liquidity: Securities could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.

Counterparty and Operational Risks: Losses could be incurred if a counterparty became unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.


For more information on the risks to the Sub-Fund, please see the supplement for the Sub-Fund and the prospectus of Janus Henderson ICAV, available on the product pages of jhetf.com.

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