Please ensure Javascript is enabled for purposes of website accessibility Mortgage-Backed Securities ETF - Janus Henderson Investors
For Financial Professionals in the US

JMBS Mortgage-Backed Securities ETF

Seeking above-market total returns by modeling inefficiencies in borrower behavior

NAV
$45.74
As of 10/10/2024

1-Day Change
$0.01 (0.02%)
As of 10/10/2024

YTD Return
3.50%
As of 10/10/2024

Morningstar Rating

As of 09/30/2024

Overview

About this ETF

For investors looking to generate income while also insulating their portfolio during material risk-off environments. JMBS provides exposure to agency mortgage-backed securities (MBS), which has historically provided low correlation to both corporate credit and equities.

Why Invest in this ETF

Our team
Culture of collaboration across portfolio managers and dedicated team of securitized analysts.

Fundamental and quantitative
Fundamental loan-level analysis combined with quantitative modeling to identify mispriced assets with attractive borrower behavior.

Active allocation
Aiming to minimize risk exposure and maximize excess return potential by balancing agency and non-agency MBS allocations.

What are MBS?

Hear from Tom Polus, MBS Associate Portfolio Manager, as he dives into the world of Mortgage-Backed Securities (MBS), and their pivotal part of the fixed-income market. Learn more about the complexities of MBS and discover their potential role in investment portfolios.

Portfolio Management

John Kerschner, CFA

Head of US Securitised Products | Portfolio Manager

Industry since 1990. Joined Firm in 2010.

Nick Childs, CFA

Head of Structured and Quant Fixed Income| Portfolio Manager

Industry since 2003. Joined Firm in 2017.

Performance

RETURNS (%) (As of 09/30/2024)
Nav Market-Price Bloomberg U.S. Mortgage Backed Securities (MBS) Index
 
3M YTD 1YR 3YR 5YR Since Inception
(09/13/2018)
Nav 5.81 5.00 13.10 -0.76 0.93 2.01
Market-Price 5.88 5.15 13.17 -0.73 0.95 2.04
Bloomberg U.S. Mortgage Backed Securities (MBS) Index 5.53 4.50 12.32 -1.20 0.04 1.25
RETURNS (%) (As of 09/30/2024)
Nav Market-Price Bloomberg U.S. Mortgage Backed Securities (MBS) Index
 
3M YTD 1YR 3YR 5YR Since Inception
(09/13/2018)
Nav 5.81 5.00 13.10 -0.76 0.93 2.01
Market-Price 5.88 5.15 13.17 -0.73 0.95 2.04
Bloomberg U.S. Mortgage Backed Securities (MBS) Index 5.53 4.50 12.32 -1.20 0.04 1.25
Calendar Year Returns (%)
Nav Bloomberg U.S. Mortgage Backed Securities (MBS) Index
2023 2022 2021 2020 2019
Nav 5.68 -11.51 -0.43 6.09 6.99
Bloomberg U.S. Mortgage Backed Securities (MBS) Index 5.05 -11.81 -1.04 3.87 6.35

Premium/Discount History

Morningstar Percentile

 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 17 18 - 38
Intermediate Core Bond | Rank/Count 22/459 56/431 69/402 -/- 152/394
 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 17 18 - 38
Intermediate Core Bond | Rank / Count 22/459 56/431 69/402 -/- 152/394

Returns-Based Statistics (As of 08/31/2024)

RISK / REWARD
VS. Bloomberg U.S. MBS Index
3YR 5YR
Information Ratio 0.77 0.08
Alpha 0.63 0.10
Tracking Error 0.70 2.17
Beta 1.02 0.95
R-squared (%) 99.36 89.46
UP/DOWN MARKET CAPTURE (%)
Bloomberg U.S. MBS Index
3YR 5YR
Up Capture Ratio 103.59 97.61
Down Capture Ratio 98.42 95.69
STANDARD DEVIATION 3YR 5YR
MBS ETF 8.51 6.73
Bloomberg U.S. MBS Index 8.35 6.72
SHARPE RATIO 3YR 5YR
MBS ETF -0.53 -0.23
Bloomberg U.S. MBS Index -0.60 -0.26
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
10/01/202410/01/202410/07/2024$0.197857$0.000000$0.000000$0.197857
09/03/202409/03/202409/09/2024$0.196427$0.000000$0.000000$0.196427
08/01/2024 08/01/2024 08/07/2024 $0.196569 $0.000000$0.000000$0.196569
07/01/202407/01/202407/08/2024$0.190669$0.000000$0.000000$0.190669
06/03/202406/03/202406/07/2024$0.189885$0.000000$0.000000$0.189885
05/01/202405/02/202405/07/2024$0.192066$0.000000$0.000000$0.192066
04/01/202404/02/202404/05/2024$0.194143$0.000000$0.000000$0.194143
03/01/202403/04/202403/07/2024$0.190366$0.000000$0.000000$0.190366
View Full History

Portfolio

Index represents the Bloomberg Barclays U.S. MBS Index.

Top Holdings (As of 10/10/2024)
% of Fund
Fannie Mae or Freddie Mac|2.5|11/14/2024, 2.50%, 11/14/24 26.25
Fannie Mae or Freddie Mac|3|11/14/2024, 3.00%, 11/14/24 10.53
FNCL 2 11/24|2|11/14/2024, 2.00%, 11/14/24 6.58
Ginnie Mae|4.5|10/21/2024, 4.50%, 10/21/24 5.08
Ginnie Mae|5|10/21/2024, 5.00%, 10/21/24 4.58
Ginnie Mae|3|10/21/2024, 3.00%, 10/21/24 3.38
Freddie Mac REMICS|6.43012|08/25/2054, 6.43%, 08/25/54 3.19
Fannie Mae Pool|4|10/01/2051, 4.00%, 10/01/51 2.69
Fannie Mae or Freddie Mac|5.5|11/14/2024, 5.50%, 11/14/24 2.48
Fannie Mae Pool|4|03/01/2051, 4.00%, 03/01/51 2.48
View full holdings
Portfolio Characteristics (As of 10/09/2024)
 
Number of Holdings
Debt Issues
599
Portfolio Turnover Rate
(1-year trailing)
38.85%
Weighted Average Maturity
(years)
7.93
Effective Duration
(years)
6.60
Yield to Worst
5.11%
Sector Allocation % of Fund % of Fund As of 10/09/2024
Regional Allocation % of Fund % of Fund As of 10/09/2024
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 10/09/2024
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 10/09/2024

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