(cache)Janus Henderson Global Adaptive Capital Allocation Managed Account Q3 2024 Commentary

Summary

Global Adaptive Capital Allocation Managed Account portfolio returned 4.32% (gross) and the 30% MSCI ACWI/70% Bloomberg Global Agg 3-5 Year Index returned 6.26%.
Fixed income positioning detracted from relative performance, while international and U.S. equity investments contributed.
We continue to monitor the balance of inflation and recession risks, as well as the potential for political and fiscal policy developments that may impact risk assets.

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Returns	Cumulative (3Q24)	Cumulative (YTD)	Cumulative (1 Yr)		Annualized (3 Yr)	Annualized (5 Yr)	Annualized (10 Yr)	Since Inception (08/01/17)
Composite (gross)	4.32	8.13	14.54		3.65	4.80	—	4.60

Symbol	Last Price	% Chg
JAAA	50.96	0.04%
Janus Henderson AAA CLO ETF
JHG	45.27	-0.11%
Janus Henderson Group plc
JBBB	49.44	0.03%
Janus Henderson B-BBB CLO ETF
VNLA	49.05	0.02%
Janus Henderson Short Duration Income ETF
JSML	72.74	-0.33%
Janus Henderson Small Cap Growth Alpha ETF