Janus Henderson Short Duration Income ETF
$48.73−0.06 (−0.11%)
- Expense ratio
- 0.25%
- Fund size
- $3.5B
- 1Y return
- +3.8%
- Yield · Last 12 months
- 4.73%
- Holdings
- 361
- Volume · 30D
- 0.4M sh
- NAV per share
- $48.79
- 52W range
The ETF.net VNLA Grade
Score 61 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 23Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 57Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 66Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 81Category rank
Our read on VNLA
BCash parking with a passport. VNLA is an actively run short-duration bond fund that roams global fixed income instead of hugging one index, measuring itself against a 3-month Treasury bill benchmark with low volatility as the stated priority.
VNLA seeks current income while emphasizing capital preservation and low volatility through an actively managed short-duration fixed-income strategy.
Why people hold it
- Active and unconstrained: the managers pick short-dated bonds across global markets, using a 3-month T-bill index as the yardstick rather than a portfolio blueprint.en-us.janushenderson.com
- Live since 2016 and now a multi-billion-dollar fund spread across roughly 300 positions, with income paid monthly.
- Short maturities keep interest rate sensitivity low by design, which is how the fund pursues capital preservation alongside current income.en-us.janushenderson.com
- Sits in the upper half of the ultrashort bond group, and the portfolio it actually holds lines up with the low-volatility mandate in its own documents.
Worth knowing
- Active management costs more: 0.25% a year against a 0.20% cohort median, with index-based rivals cheaper still (VUSB 0.10%, SHV and PULS 0.15%).
- Not a money market fund. The share price floats, and Janus Henderson notes the fund may carry greater investment risk than a money market fund.en-us.janushenderson.comjanushenderson.com
- The global reach adds credit and foreign currency exposure, so results ride on the managers' calls and can diverge from a plain Treasury bill fund.janushenderson.com
VNLA Holdings
- Bonds
- 361
- 21%
- FX Forward|USD|10/23/2026
Sectors
- Energy66.7%
- Industrials33.3%
VNLA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VNLA |
|---|---|
| Year to date | +2.4% |
| 1 month | +0.0% |
| 3 months | +0.8% |
| 1 year | +3.8% |
| 3 years | +5.5% |
| 5 years | +4.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VNLA |
|---|---|---|
| 2026 YTD | +2.4% | |
| 2025 | +5.5% | |
| 2024 | +6.4% | |
| 2023 | +6.1% | |
| 2022 | −0.2% | |
| 2021 | −0.2% | |
| 2020 | +3.0% |
VNLA in the news
ETF.net Research hasn’t filed on VNLA yet — coverage lands here as it’s written.
VNLA Dividends
- 4.73%
- $2.31
- $0.19 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.19 |
| Jul 31, 2026 | Aug 6, 2026 | $0.19 |
| Jun 30, 2026 | Jul 7, 2026 | $0.19 |
| May 29, 2026 | Jun 4, 2026 | $0.19 |
| Apr 30, 2026 | May 6, 2026 | $0.19 |
| Mar 31, 2026 | Apr 7, 2026 | $0.19 |
| Feb 27, 2026 | Mar 5, 2026 | $0.19 |
| Jan 30, 2026 | Feb 5, 2026 | $0.19 |
| Dec 22, 2025 | Dec 29, 2025 | $0.20 |
| Dec 1, 2025 | Dec 5, 2025 | $0.19 |
| Nov 3, 2025 | Nov 7, 2025 | $0.20 |
| Oct 1, 2025 | Oct 7, 2025 | $0.20 |
VNLA Risk
- 0.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.28
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VNLA Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
56 of the 77 Cash & Ultra-Short Income funds charge less.