Janus Henderson Absolute Return Income Opportunities Fund Q4 2025 Commentary

Janus Henderson Investors3.61K FollowersFollow5ShareSavePlay(7min)CommentsSummaryThe Fund returned 1.31% and the ICE BofA 3 Month U.S. Treasury Bill TR Index returned 0.97%.Income from the Fund's core of short-duration corporate credits contributed to performance, with hedges against rate volatility contributing to a lesser degree.Global bonds gained over the period, mainly driven by the U.S. market as rising expectations for interest rate cuts by the Federal Reserve were realized.Corporate bonds generated positive returns as the yield differentials between them and those of their sovereign benchmarks, or spreads, narrowed. Torsten Asmus/iStock via Getty Images At a glance Performance The Fund returned 1.31% and the ICE BofA 3 Month U.S. Treasury Bill TR Index returned 0.97%. Contributors/detractors Income from the Fund's core of short-duration corporate credits contributed to performance, withThis article was written byJanus Henderson Investors3.61K FollowersFollowJanus Henderson Investors exists to help clients achieve their long-term financial goals. Formed in 2017 from the merger between Janus Capital Group and Henderson Global Investors, we are committed to adding value through active management. For us, active is more than our investment approach – it is the way we translate ideas into action, how we communicate our views and the partnerships we build in order to create the best outcomes for clients. While our investment managers have the flexibility to follow approaches best suited to their areas of expertise, overall our people come together as a team. This is reflected in our Knowledge. Shared ethos, which informs the dialogue across the business and drives our commitment to empowering clients to make better investment and business decisions.www.janushenderson.com