Janus Henderson Short Duration Income ETF
$48.69+0.02 (+0.04%)
- 0.25%
- $3.6B
- +3.6%
- 4.72%
- 0.4M sh
- $48.66
- low $48.55high $49.44
The ETF.net VNLA Grade
B
Score 61 out of 100
- 38 of 78
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F24 out of 100Rank 57 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 20 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 20 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 23 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 12 of 78
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
- 385
- 24%
- 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.
Not enough history yet.
VNLA$10,364
Returns run to the Oct 12, 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 | +2.6% |
| 1 month | +0.2% |
| 3 months | +0.7% |
| 1 year | +3.6% |
| 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 | +2.6% | |
| 2025 | +5.5% | |
| 2024 | +6.4% | |
| 2023 | +6.1% | |
| 2022 | −0.2% | |
| 2021 | −0.2% | |
| 2020 | +3.0% |
VNLA in the news
VNLA Dividends
- 4.72%
- $2.30
- $0.19 per share
- Monthly
Distribution history
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.
- 1.14
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.
- −1.6%
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
0.25%
VNLA0.25%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
56 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- BFTSMFirst Trust Enhanced Short Maturity ETFExpense ratio 0.29%1 year return +3.5%
- BCBILCorgi ETF Trust I - Corgi 3-12 Month T-Bill ETFExpense ratio 0.05%1 year return —
- BDLUXDoubleLine Ultrashort Income ETFExpense ratio 0.18%1 year return —
- BULSTState Street Ultra Short Term Bond ETFExpense ratio 0.20%1 year return +3.1%
- BPMMFiShares Prime Money Market ETFExpense ratio 0.20%1 year return +2.8%