Quarterly update
Watch the investment team recap this quarter.
(Note: As at April 2026).
Investment objective
The Fund aims to provide a return from a combination of income and capital growth over the long term by investing in an actively managed portfolio of AAA-rated collateralised loan obligations (CLOs). The Fund is actively managed with reference to the J.P. Morgan European Collateralised Loan Obligation Index AAA sub-set (€-CLOIE AAA).
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The Fund will invest at least 80% of its Net Asset Value in eligible CLOs of any maturity that are rated AAA (or equivalent by a nationally recognised ratings agency) at the time of purchase with a focus on European CLOs.
In case securities in the portfolio are downgraded below a rating of AAA (or equivalent), the Investment Manager will seek to sell the relevant securities as soon as reasonably possible, provided that it determines that it is in the best interests of investors
The Fund may invest up to:
5% of its Net Asset Value in a single CLO security
15% of its Net Asset Value in CLOs managed by an individual manager
30% of its Net Asset Value in eligible non-European focused CLOs with non-Euro denominated; securities hedged back to Euro
10% of its Net Asset Value in fixed rate securities that are hedged back to floating rate.
The Fund will not invest more than 10% of its Net Asset Value in Eligible Collective Investment Schemes.
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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.
About this fund
The Fund aims to provide a return from a combination of income and capital growth over the long term by investing in an actively managed portfolio of AAA-rated collateralised loan obligations (CLOs).
The Fund will invest at least 80% of its Net Asset Value in eligible CLOs of any maturity that are rated AAA (or equivalent by a nationally recognised ratings agency) at the time of purchase with a focus on European CLOs.
Past performance is no indication of current or future performance. The performance data does not take into account the commissions and costs incurred on the issue and redemption of units. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.
Why invest in this fund
Specialised and experienced team
Janus Henderson has a long-standing history of CLO investing, supported by a global portfolio management team that combines the expertise of securitised and loan specialists.
Disciplined investment process
Rigorous CLO manager due diligence and portfolio construction seeking to deliver optimal risk-adjusted returns through different market environments.
Global CLO platform
Scale and expertise seeking to offer competitive investor advantages, from deep market access to efficient execution.
Portfolio characteristics
(As of 01/05/2026)
EUR Acc.
| Number of holdings: | 76 |
| Average CLO Rating: | AAA |
| Indicative EUR current yield: | 3.40% |
| Indicative EUR yield to maturity (Cash rates): | 3.41% |
| Indicative EUR yield to maturity (Forward rates): | 3.98% |
| Effective interest rate duration (years): | 0.33 |
| Weighted average life (years): | 4.88 |
| Spread to maturity: | 1.22% |
EUR Dist.
| Number of holdings: | 76 |
| Average CLO Rating: | AAA |
| Indicative EUR current yield: | 3.40% |
| Indicative EUR yield to maturity (Cash rates): | 3.41% |
| Indicative EUR yield to maturity (Forward rates): | 3.98% |
| Effective interest rate duration (years): | 0.33 |
| Weighted average life (years): | 4.88 |
| Spread to maturity: | 1.22% |
USD-Hedged Acc.
| Number of holdings: | 76 |
| Average CLO Rating: | AAA |
| Indicative USD current yield: | 5.06% |
| Indicative USD yield to maturity: | 5.07% |
| Effective interest rate duration (years): | 0.33 |
| Weighted average life (years): | 4.88 |
| Spread to maturity: | 1.22% |
GBP-Hedged Dist.
| Number of holdings: | 76 |
| Average CLO Rating: | AAA |
| Indicative GBP current yield: | 5.15% |
| Indicative GBP yield to maturity: | 5.16% |
| Effective interest rate duration (years): | 0.33 |
| Weighted average life (years): | 4.88 |
| Spread to maturity: | 1.22% |
CHF-Hedged Acc.
| Number of holdings: | 76 |
| Average CLO Rating: | AAA |
| Indicative CHF current yield: | 1.38% |
| Indicative CHF yield to maturity: | 1.38% |
| Effective interest rate duration (years): | 0.33 |
| Weighted average life (years): | 4.88 |
| Spread to maturity: | 1.22% |
