We wish to provide investors with the following update relating to distributions for the
Janus Henderson Australian Fixed Interest Fund (ARSN 087 719 739, APIR IOF0046AU) and
Janus Henderson Australian Fixed Interest Fund – Institutional (ARSN 100 098 413,
APIR IOF0113AU), hereafter ‘the Funds’ collectively.
As Responsible Entity for the Funds, Janus Henderson Investors (Australia) Funds Management Limited does not anticipate that either of the Funds will make a distribution for the period ended
30 June 2024.
Distributions in all actively managed fixed income funds can vary and are influenced by factors including market movements, as well as realised profit and loss from active trading in securities, interest rate and credit derivatives, hedging, and overall risk management.
The Funds are currently in a position where realised losses (from bonds purchased in prior financial years when yields were much lower) are offsetting the income generated from their underlying assets. However, investors should take comfort that the higher level of underlying income generated by the securities held within the Funds is being reflected in the respective unit prices. We expect income from high-quality bonds to increase natural income production, and therefore, the distribution profile of the Funds over time.
Based on current yields and income generation, we expect distributions to resume in the new financial year, depending on market conditions. This timeline is intended to be indicative only, and may be impacted by variables including market movements, flows, income and the direction of capital prices.