Janus Henderson High-Yield Fund Class A

The Janus Henderson High-Yield Fund Class A typically dedicates at least 80% of its total net assets (including any funds borrowed for investment purposes) to speculative-grade debt. These are high-yield, higher-risk securities that carry a rating below investment grade. The fund's investment universe can also extend to unrated securities considered equivalent to such non-investment-grade debt, as well as other income-producing assets that the portfolio managers believe present attractive risk-adjusted return opportunities.