Janus Short Duration Income ETF (VNLA)

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Janus Short Duration Income ETF (VNLA) Overview An Active, Absolute Return Approach to Put Cash to Work

Portfolio Managers

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The Negative Real Return on Cash Warrants a Different Approach

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Fund Characteristics

Why Invest in VNLA

Janus Short Duration Income ETF (VNLA) Overview

A Team with Absolute Return Experience

VNLA’s Construction Targets Consistent Absolute Returns

The Janus Global Macro Fixed Income Team’s Investment Approach

Yield Foundation

Structural Alpha

Duration

Yield Curve

Credit (IG and HY)

Interest Rates

Spread

Liquidity

Volatility

Country

Currency

Sector

Relative Value

Arbitrage

CDS

Directional

Target Excess Return

Target Yield 2–3% Target Return Above Cash

Janus Short Duration Income ETF (VNLA) Overview

The Risk/Reward Profile for VNLA Could Prove Powerful

VNLA’s Return Potential May Be Attractive for Its Target Risk Level