Janus Henderson EUR Short Duration Income Active Core UCITS ETF - EUR Accumulating

Objective: The Sub-Fund aims to provide a steady income stream with capital preservation across various market cycles by investing in an actively managed portfolio of primarily short duration fixed income instruments. Investment Approach: Under normal circumstances, the Sub-Fund will invest at least 80% of its net assets in a global portfolio of short duration fixed income instruments.The Sub-Fund primarily invests in investment grade debt securities, rated Baa3 or higher or, if unrated, determined by the Sub-Investment Manager to be of comparable quality.Such investments may be across multiple sectors including (but not limited to) certificates of deposit, treasury bills, government & government-related bonds (both fixed and floating rate), commercial paper, corporate bonds (both fixed and floating rate) and, to the extent set out below, ABS/MBS, with a focus on developed markets.The securities in which the Sub- Fund primarily invests have an expected maturity / weighted average life of less than five years.The Bloomberg Barclays Euro Treasury 0-3 Months Bond Index is used for performance comparison purposes only in the Sub-Fund’s marketing materials, as applicable.The Sub-Fund is actively managed and does not seek to replicate the composition or performance of the Index Benchmark.The Sub-Fund may invest in both agency and non-agency MBS, subject to the limits included in the supplement.The Sub-Fund may invest a maximum of 15% in debt securities that are rated below investment grade, but it will not invest in securities rated below B3. The Sub-Fund may invest a maximum of 15% of its net assets in emerging markets. The Sub-Fund will normally limit its unhedged non-Base Currency exposure to 15% of its total assets.The Sub-Fund may invest up to 10% of its net asset value in the other Eligible Collective Investment Schemes , included those managed by the Sub-Investment Manager.The Sub-Fund may temporarily invest outside of these guidelines while dealing with subscriptions, redemptions, for liquidity management or for defensive purposes, including navigating unusual market conditions.The Sub-Fund may employ investment techniques and instruments (trading in futures, options, swaps, swaptions, CDS (both single name and indices) and forward currency exchange contracts) for efficient portfolio management or for investment purposes to gain or hedge exposure to the investments contemplated in these investment policies.The market risk of the Sub- Fund will be measured using the VaR methodology. The Fund promotes environmental and social characteristics, as defined under Article 8 of SFDR The Share Class of the Sub-Fund distributes income. – This Sub-Fund may not be appropriate for short-term investment. – The Share Class is denominated in GBP. The Sub-Fund is denominated in EUR n normal conditions, Authorised Participants may deal in shares directly with the Sub-Fund. Other investors can deal in shares daily through an intermediary on stock exchanges on which the shares are traded. For more information on the Share Class of the Sub-Fund, please see the supplement for the Sub-Fund and the prospectus of Janus Henderson ICAV, available on the product pages of www.jhetf.com. For an explanation of some of the terms used in this document, please visit the glossary on our website atwww.janushenderson.com