For Financial Professionals in the US

JAAA AAA CLO ETF

Provides exposure to the high-quality, floating rate CLO market in a liquid, transparent manner

NAV
$49.05
As of 12/01/2022

1-Day Change
$0.00 (-0.01%)
As of 12/01/2022

YTD Return
-0.29%
As of 12/01/2022

Overview

We believe our expertise in managing CLO portfolios can deliver investors risk-managed access to an asset class that provides significant credit enhancement to floating rate loans, and low correlation to traditional fixed income asset classes while exhibiting low volatility with low downgrade risk.

ETF OBJECTIVE

Janus Henderson AAA CLO ETF seeks capital preservation and current income by seeking to deliver floating-rate exposure to high quality AAA-rated collateralized loan obligations (CLOs).

ABOUT THIS ETF

An ETF investing in high-quality CLOs which seeks to deliver investors risk-managed access to an asset class that may provide consistent risk-adjusted returns and low correlation to traditional fixed income asset classes while exhibiting low volatility with low downgrade risk.

WHY INVEST IN THIS ETF

High-Quality Asset Class
A robust asset class during uncertain times, AAA-rated CLOs have endured through the Global Financial Crisis and the COVID-19 pandemic, eliciting growth in the CLO market.

Risk Management
AAA-rated CLOs may help diversify a traditional fixed income portfolio, while exhibiting low volatility and low downgrade risk.

Efficient ETF Structure
Provides exposure to AAA-rated CLO markets historically available only to institutional investors with the lower cost, transparency, and liquidity characteristics of the ETF structure.

Knowledge Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions. We call this ethos Knowledge Shared.

PORTFOLIO MANAGEMENT

John Kerschner, CFA

Head of US Securitised Products | Portfolio Manager

Industry since 1990. Joined Firm in 2010.

Nick Childs, CFA

Portfolio Manager | Securitised Products Analyst

Industry since 2003. Joined Firm in 2017.

Performance

RETURNS (%) (As of 09/30/2022)
NAV Market Price J.P. Morgan CLO AAA Index
 
3M YTD 1YR Since Inception
(10/16/2020)
NAV 0.19 -1.92 -1.73 0.11
Market Price 0.87 -1.30 -1.14 0.47
J.P. Morgan CLO AAA Index 0.23 -1.45 -1.20 0.45
RETURNS (%) (As of 11/30/2022)
NAV Market Price J.P. Morgan CLO AAA Index
 
3M YTD 1YR Since Inception
(10/16/2020)
NAV 0.77 -0.28 -0.23 0.89
Market Price 1.06 -0.14 -0.10 0.99
J.P. Morgan CLO AAA Index 0.81 0.30 0.37 1.25

PREMIUM/DISCOUNT HISTORY

DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
12/01/202212/02/202212/07/2022$0.215154$0.000000$0.000000$0.215154
11/01/202211/02/202211/07/2022$0.172469$0.000000$0.000000$0.172469
10/03/202210/04/202210/07/2022$0.150445$0.000000$0.000000$0.150445
09/01/202209/02/202209/08/2022$0.153211$0.000000$0.000000$0.153211
08/01/202208/02/202208/05/2022$0.105168$0.000000$0.000000$0.105168
07/01/202207/05/202207/08/2022$0.088688$0.000000$0.000000$0.088688
05/02/202205/03/202205/06/2022$0.061719$0.000000$0.000000$0.061719
View Full History

Portfolio

Index represents the J.P. Morgan CLO AAA Index

Top Holdings (As of 12/01/2022)
% of Fund
OHA Credit Funding 3 LTD|3.84986|07/02/2035, 3.85%, 07/02/35 3.26
Palmer Square CLO 2018-2 Ltd|5.17914|07/16/2031, 5.18%, 07/16/31 3.25
Dryden 41 Senior Loan Fund|5.04914|04/15/2031, 5.05%, 04/15/31 2.79
Madison Park Funding XVIII Ltd|3.67171|10/21/2030, 3.67%, 10/21/30 2.75
SOUND POINT CLO XVII|3.68986|10/20/2030, 3.69%, 10/20/30 2.73
Cifc Funding 2014-IV-R Ltd|5.24914|01/17/2035, 5.25%, 01/17/35 2.31
Shackleton 2017-XI Clo Ltd|3.99514|08/15/2030, 4.00%, 08/15/30 2.12
Dryden 64 CLO Ltd|5.16371|04/18/2031, 5.16%, 04/18/31 2.10
AMMC CLO XII Ltd|3.86157|11/10/2030, 3.86%, 11/10/30 2.06
Octagon Investment Partners 49 Ltd|5.29914|01/15/2033, 5.30%, 01/15/33 1.93
View full holdings
Portfolio Characteristics (As of 12/01/2022)
 
Number of Holdings
Debt Issues
117
Portfolio Turnover Rate
(1-year trailing)
42.50%
Weighted Average Maturity
(years)
2.78
Effective Duration
(years)
0.14
Yield to Worst
6.71%

Yield to Worst calculation excludes cash.

Sector Allocation % OF FUND % OF FUND (As of 12/01/2022)
Regional Allocation % OF FUND % OF FUND (As of 12/01/2022)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 12/01/2022)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of 12/01/2022)

Documents