DENVER, May 27, 2014 (GLOBE NEWSWIRE) -- Janus Capital Group Inc. (NYSE:JNS) today announced the launch of the Janus Unconstrained Bond Fund that seeks to maximize total returns, consistent with the preservation of capital. The fund, which launched on May 27, 2014, will be managed by Janus Capital Management LLC.
"For more than 25 years, we have successfully managed our flagship Janus Flexible Bond Fund for clients by focusing on risk-adjusted returns and capital preservation. We are excited to extend our fundamental, bottom-up, credit-oriented approach to the Janus Unconstrained Bond Fund," said Gibson Smith, CIO of Janus Fixed Income.
Janus Unconstrained Bond Fund (JUCTX) seeks positive total returns over a full market cycle, regardless of the prevailing fixed income market environment. The fund is not limited by duration or sector constraints and the portfolio duration may range from negative three years to eight years.
Janus Fixed Income manages $30.5 billion for clients globally with experience in multi-sector investing dating back to inception of the Janus Flexible Bond Fund in 1987. The Janus Flexible Bond Fund is an all-weather, core holding that, relative to the Morningstar Intermediate-Term Bond category, placed in the 17th (186 out of 1,099) percentile for the past 1-year, 20th (207 out of 1,038) percentile over 3-years, 44th (424 out of 955) percentile over 5-years, and 10th (84 out of 855) percentile over 10-years based on total returns (as of 3/31/14; Class T Shares).
Janus Unconstrained Bond Fund will be managed by Mr. Smith and Darrell Watters, portfolio manager of the Janus Flexible Bond Fund. The portfolio managers average more than 25 years of investment experience.
"Many clients are concerned about the current valuations in the fixed income markets and the potential for higher interest rates as the economy continues to heal and the Fed unwinds their unconventional monetary policy," said Mr. Smith. "The Janus Unconstrained Bond Fund provides us full flexibility to deliver for clients across a myriad of fixed income market environments."
About Janus Capital Group Inc.
Janus Capital Group Inc. (JCG) is a global investment firm dedicated to delivering better outcomes for clients through differentiated investment solutions from three independent managers: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager brings a distinct perspective, style-specific expertise and a disciplined approach to risk. JCG's multi-boutique approach provides clients with distinctive solutions across a broad range of asset classes including equities, fixed income, alternatives, asset allocation and income products.
At the end of March 2014, JCG managed approximately $174.1 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Milan, Munich, Singapore, Hong Kong, Tokyo, Melbourne, Paris, The Hague, Zurich, Frankfurt, Dubai and Taipei.
Past performance is no guarantee of future results. Call 877.33JANUS (52687) or visit janus.com/advisor/mutual-funds for current month-end performance.
There is no assurance the stated objectives will be met or that the investment process will consistently lead to successful investing.
Fixed income securities are subject to interest rate, inflation, credit and default risk. The bond market is volatile. As interest rates rise, bond prices usually fall, and vice versa. The return of principal is not guaranteed, and prices may decline if an issuer fails to make timely payments or its credit strength weakens.
High-yield/high-risk bonds, also known as "junk" bonds, involve a greater risk of default and price volatility than U.S. Government and other high quality bonds. High-yield/high-risk bonds can experience sudden and sharp price swings which will affect net asset value.
A Fund's performance may be affected by risks that include those associated with nondiversification, non-investment grade debt securities, high-yield/high-risk securities, undervalued or overlooked companies, investments in specific industries or countries and potential conflicts of interest. Additional risks to a Fund may also include, but are not limited to, those associated with investing in foreign securities, emerging markets, initial public offerings, real estate investment trusts (REITs), derivatives, short sales, commodity-linked investments and companies with relatively small market capitalizations. Each Fund has different risks. Please see a Janus prospectus for more information about risks, Fund holdings and other details.
Duration measures a bond price's sensitivity to changes in interest rates. The longer a bond's duration, the higher its sensitivity to changes in interest rates, all else being equal.
The Morningstar percentile ranking is based on the fund's total-return percentile rank relative to all funds that have the same category for the same time period. The highest (or most favorable) percentile rank is 1%, and the lowest (or least favorable) percentile rank is 100%. Morningstar total-return includes both income and capital gains or losses and is not adjusted for sales charges. The top-performing funds in a category will always receive a rank of 1.
Rankings are for the Fund's initial share class; other classes may have different performance characteristics. © 2014 Morningstar, Inc. All Rights Reserved.
Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus at 877.33JANUS (52687) or download the file from janus.com/info. Read it carefully before you invest or send money.
Janus Distributors LLC
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Source: Janus Capital Group Inc.