Janus Henderson High-Yield Fund - T Shares

The fund primarily directs a significant portion of its capital—at least 80% of its net assets, including any leveraged investments—towards higher-yielding, speculative-grade debt. This category encompasses bonds explicitly rated below investment grade, as well as unrated debt instruments considered to have similar credit risk. Additionally, the portfolio may include other high-income securities that the management team identifies as offering a compelling balance of risk and potential return.