Please ensure Javascript is enabled for purposes of website accessibility AAA CLO ETF - Janus Henderson Investors
For Institutional Investors in the US

JAAA AAA CLO ETF

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

NAV
$50.68
As of 07/15/2024

1-Day Change
$0.00 (0.00%)
As of 07/15/2024

YTD Return
4.14%
As of 07/15/2024

Morningstar Rating

As of 06/30/2024

Overview

JHI

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

Barron’s recently featured JAAA and JBBB in an article talking about how CLOs, with their liquidity, transparency and high-yield potential, could be a strong complement for those considering the more opaque world of private credit. Discover how these ETFs may balance yield and default resiliency with less correlation to traditional fixed income indices, providing investors a path toward obtaining diversified and resilient returns amidst market fluctuations.

Read 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.

*Designations

NAIC 1.B (2024 preliminary)

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 06/30/2024)
Nav Market-Price J.P. Morgan CLO AAA Index
 
3M YTD 1YR 3YR Since Inception
(10/17/2020)
Nav 1.87 3.83 8.87 4.42 4.03
Market-Price 1.87 3.83 8.85 4.48 4.07
J.P. Morgan CLO AAA Index 1.77 3.64 8.48 4.61 4.21
RETURNS (%) (As of 06/30/2024)
Nav Market-Price J.P. Morgan CLO AAA Index
 
3M YTD 1YR 3YR Since Inception
(10/17/2020)
Nav 1.87 3.83 8.87 4.42 4.03
Market-Price 1.87 3.83 8.85 4.48 4.07
J.P. Morgan CLO AAA Index 1.77 3.64 8.48 4.61 4.21
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

MORNINGSTAR PERCENTILE

(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 2 - - 3
Ultrashort Bond | Rank/Count 13/252 3/214 -/- -/- 4/211
(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 2 - - 3
Ultrashort Bond | Rank / Count 13/252 3/214 -/- -/- 4/211

RETURNS-BASED STATISTICS (As of 06/30/2024 )

RISK / REWARD
VS. JPMorgan CLOIE AAA Index
3YR 5YR
Information Ratio -0.69 -
Alpha -0.25 -
Tracking Error 0.26 -
Beta 1.05 -
R-squared (%) 98.38 -
UP/DOWN MARKET CAPTURE (%)
VS. JPMorgan CLOIE AAA Index
3YR 5YR
Up Capture Ratio 98.83 -
Down Capture Ratio 112.15 -
STANDARD DEVIATION 3YR 5YR
AAA CLO ETF 1.96 -
JPMorgan CLOIE AAA Index 1.85 -
SHARPE RATIO 3YR 5YR
AAA CLO ETF 0.61 -
JPMorgan CLOIE AAA Index 0.74 -

PREMIUM/DISCOUNT HISTORY

DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
07/01/202407/01/202407/08/2024$0.277478$0.000000$0.000000$0.277478
06/03/202406/03/202406/07/2024$0.255975$0.000000$0.000000$0.255975
05/01/202405/02/202405/07/2024$0.274312$0.000000$0.000000$0.274312
04/01/202404/02/202404/05/2024$0.269852$0.000000$0.000000$0.269852
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
View Full History

Portfolio

Index represents the J.P. Morgan CLO AAA Index

Top Holdings (As of 07/15/2024)
% of Fund
Madison Park Funding XXXV Ltd|6.57617|04/20/2032, 6.58%, 04/20/32 1.46
AGL Core CLO 2 Ltd|6.7934|07/20/2037, 6.79%, 07/20/37 1.35
AGL CLO 17 Ltd|6.65456|01/21/2035, 6.65%, 01/21/35 1.34
Wind River 2024-1 CLO Ltd|6.9234|04/20/2037, 6.92%, 04/20/37 1.23
OHA Credit Funding 3 LTD|6.72617|07/02/2035, 6.73%, 07/02/35 1.03
Octagon Investment Partners 49 Ltd|6.81092|04/15/2037, 6.81%, 04/15/37 0.99
Sycamore Tree CLO 2023-3 Ltd|6.97456|04/20/2037, 6.97%, 04/20/37 0.97
RAD CLO 23 Ltd|6.88462|04/20/2037, 6.88%, 04/20/37 0.93
Silver Point Clo 4 Ltd|6.88711|04/15/2037, 6.89%, 04/15/37 0.92
Dryden 77 CLO Ltd|6.70735|05/20/2034, 6.71%, 05/20/34 0.92
View full holdings
Portfolio Characteristics (As of 07/15/2024)
 
Number of Holdings
Debt Issues
381
Portfolio Turnover Rate
(1-year trailing)
25.64%
Weighted Average Maturity
(years)
4.00
Effective Duration
(years)
0.19
Yield to Worst
6.82%
Sector Allocation % of Fund % of Fund As of 07/15/2024
Regional Allocation % of Fund % of Fund As of July 15, 2024
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of July 15, 2024
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 07/15/2024

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