Please ensure Javascript is enabled for purposes of website accessibility AAA CLO ETF - Janus Henderson Investors
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
$50.38
As of 03/01/2024

1-Day Change
$0.03 (0.06%)
As of 03/01/2024

YTD Return
1.34%
As of 03/01/2024

Morningstar Rating

As of 01/31/2024

Overview

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.

JAAA in the news

Bloomberg recently featured Portfolio Manager John Kerschner's comments on how JAAA is dominating the CLO ETF market in terms of inflows and where he sees further opportunity in the space.

Learn more

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.

PORTFOLIO MANAGEMENT

John Kerschner, CFA

Head of US Securitised Products | Portfolio Manager

Industry since 1990. Joined Firm in 2010.

Nick Childs, CFA

Portfolio Manager

Industry since 2003. Joined Firm in 2017.

Jessica Shill

Portfolio Manager | Securitised Products Analyst

Industry since 2017.

Performance

RETURNS (%) (As of 12/31/2023)
Nav Market-Price J.P. Morgan CLO AAA Index
 
3M YTD 1YR 3YR Since Inception
(10/16/2020)
Nav 2.24 8.58 8.58 3.41 3.45
Market-Price 2.20 8.59 8.59 3.47 3.50
J.P. Morgan CLO AAA Index 2.18 8.68 8.68 3.66 3.72
RETURNS (%) (As of 01/31/2024)
Nav Market-Price J.P. Morgan CLO AAA Index
 
3M YTD 1YR 3YR Since Inception
(10/16/2020)
Nav 2.55 0.70 8.06 3.54 3.58
Market-Price 2.51 0.68 7.97 3.62 3.62
J.P. Morgan CLO AAA Index 2.48 0.74 8.11 3.82 3.85
Calendar Year Returns (%)
Nav J.P. Morgan CLO AAA Index
2023 2022 2021
Nav 8.58 0.49 1.35
J.P. Morgan CLO AAA Index 8.68 1.05 1.40

GROWTH OF A HYPOTHETICAL INVESTMENT

@Nav J.P. Morgan CLO AAA Index Ultrashort Bond

PREMIUM/DISCOUNT HISTORY

DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
03/01/202403/04/202403/07/2024$0.261966$0.000000$0.000000$0.261966
02/01/202402/02/202402/07/2025$0.270294$0.000000$0.000000$0.270294
12/22/202312/26/202312/29/2023$0.276579$0.000000$0.000000$0.276579
12/01/202312/04/202312/07/2023$0.296171$0.000000$0.000000$0.296171
11/01/202312/04/202311/07/2023$0.263299$0.000000$0.000000$0.263299
10/02/202310/03/202310/06/2023$0.276399$0.000000$0.000000$0.276399
09/01/202309/05/202309/08/2023$0.274335$0.000000$0.000000$0.274335
View Full History

MORNINGSTAR PERCENTILE

(As Of 12/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 7 4 - - 4
Ultrashort Bond | Rank/Count 10/236 5/213 -/- -/- 5/216
(As Of 02/29/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 6 3 - - 4
Ultrashort Bond | Rank / Count 8/240 4/214 -/- -/- 5/213

Portfolio

Index represents the J.P. Morgan CLO AAA Index

Top Holdings (As of 03/01/2024)
% of Fund
OHA Credit Funding 3 LTD|6.71942|07/02/2035, 6.72%, 07/02/35 1.61
Octagon Investment Partners 49 Ltd|0|04/15/2037, 0.00%, 04/15/37 1.61
Silver Point Clo 4 Ltd|6.954|04/15/2037, 6.95%, 04/15/37 1.46
RAD CLO 23 Ltd|6|04/20/2037, 6.00%, 04/20/37 1.46
Madison Park Funding XXI Ltd|6.6556|10/15/2032, 6.66%, 10/15/32 1.39
AGL CLO 17 Ltd|6.64781|01/21/2035, 6.65%, 01/21/35 1.38
Ares LXI CLO Ltd|6.82743|10/20/2034, 6.83%, 10/20/34 1.33
Carlyle US CLO 2022-3 Ltd|0|04/20/2037, 0.00%, 04/20/37 1.31
BlueMountain CLO XXXII Ltd|6.7456|10/15/2034, 6.75%, 10/15/34 1.29
Post CLO 2024-1 Ltd|6.9|04/20/2037, 6.90%, 04/20/37 1.24
View full holdings
Portfolio Characteristics (As of 03/01/2024)
 
Number of Holdings
Debt Issues
303
Portfolio Turnover Rate
(1-year trailing)
35.96%
Weighted Average Maturity
(years)
3.81
Effective Duration
(years)
0.26
Yield to Worst
7.13%
Sector Allocation % OF FUND % OF FUND (As of 03/01/2024)
Regional Allocation % OF FUND % OF FUND (As of 03/01/2024)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 03/01/2024)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of 03/01/2024)

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