Janus Global Unconstrained Bond Fund (JUCDX)

This Janus Global Unconstrained Bond Fund (JUCDX) is an actively managed mutual fund. The fund objective is to provide maximize total return and capital preservation. It may provide an active hedge against the effects of inflation and market volatility. This fixed income fund is previously known as Janus Unconstrained Bond Fund before October 2014.

This bond fund invests mainly in government notes and bonds, corporate bonds, convertible bonds, commercial and residential mortgage-backed securities, asset-backed securities, zero-coupon bonds, and derivatives. It may invest in high yield / high risk bonds.

JUCDX Fund Profile

• Fund Inception Date: 05/27/2014
• Ticker Symbol: JUCDX
• CUSIP: 47103D447
• Beta (3yr): -
• Rank in category (YTD): -
• Category: Nontraditional Bond
• Distribution Yield: -
• Capital Gains: -
• Expense Ratio: 1.06%
• Net Assets: $ 12.9 million
• Number of Years Up: -
• Number of Years Down: -
• Annual Turnover Rate: 15%

The current 30 day SEC yield is 0.60%. The fund manager is William H. Gross since October 2014. Bill Gross is a former Managing Director, Chief Investment Officer, and a founding partner of Pacific Investment Management Company LLC (“PIMCO”). Previous managers are Gibson Smith and Darrell Watters. Its expense fee is 1.06%.

Janus Global Unconstrained Bond Fund Return

Morningstar hasn’t ranked this Janus Fund yet. Since its inception, it has 3 month return of -0.83%.
You can buy this mutual fund with $2,500 initial funding. There are Other classes are: Class C (JUCCX), Class A (JUCAX), Institutional Class (JUCIX), Class N (JUCNX), Class S (JUCSX), and Class T (JUCTX).

JUCDX Fund Holdings

Top 3 holdings are U.S. Treasury Notes/Bonds, 0.50%, 06/30/2016, U.S. Treasury Bill, 0.00%, 05/28/2015, and U.S. Treasury Notes/Bonds, 0.38%, 05/31/2016. Top 3 assets are U.S. Treasuries (70%), High Yield Bond (19%), and Investment Grade Bond (4%). Top 5 sectors are energy, technology, consumer cyclical, banking, and consumer non-cyclical.

This bond fund has weighted average maturity of 4.49 years. The weighted average coupon is 1.91%. The weighted average duration is 3.30 years.

Pros:

• This Janus Global Unconstrained Bond Fund will be managed by Bill Gross.
• Bill Gross has good track record managing variety of PIMCO Funds.

Cons:

• The fund performance is still very limited due to its new nature

Other PIMCO Funds managed by Bill Gross before:

• PIMCO Total Return Fund (PTTRX)
• PIMCO Corporate & Income Opportunity Fund (PTY)