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For Individual Investors in the US

JA AA-A CLO ETF

Provides access to AA and A‑rated, floating‑rate CLOs through a liquid, transparent and risk‑managed ETF

NAV
$50.08
As of 08/10/2026

1-Day Change
$0.01 (0.02%)
 As of 08/10/2026

Overview

About this ETF

An ETF offering access to high quality, AA and A rated CLOs, aiming for consistent risk-adjusted returns, low volatility with limited downgrade risk, while maintaining low correlation to traditional fixed income.

Why CLO Investing at Janus Henderson

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.

*Designations

NAIC 1.F (2026 preliminary)

Portfolio Management

John Kerschner, CFA

Global Head of Securitised Products | Portfolio Manager

Industry since 1990. Joined Firm in 2010.

Nick Childs, CFA

Head of Structured and Quantitative Fixed Income | Portfolio Manager

Industry since 2003. Joined Firm in 2017.

Performance

RETURNS (%) (As of 06/30/2026)
Nav Market-Price 70% JPM CLO A/30% JPM CLO AA Index
 
3M Since Inception
(02/19/2026)
Nav 1.45 1.73
Market-Price 1.43 1.83
70% JPM CLO A/30% JPM CLO AA Index 1.65 1.88
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for very short time periods may not be indicative of future performance.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.
RETURNS (%) (As of 07/31/2026)
Nav Market-Price 70% JPM CLO A/30% JPM CLO AA Index
 
3M Since Inception
(02/19/2026)
Nav 1.24 2.17
Market-Price 1.26 2.31
70% JPM CLO A/30% JPM CLO AA Index 1.42 2.31
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for very short time periods may not be indicative of future performance.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.

Premium/Discount History
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
07/31/202607/31/202608/06/2026$0.2046460$0.0000000$0.0000000$0.2046460
06/30/202606/30/202607/07/2026$0.2187180$0.0000000$0.0000000$0.2187180
05/29/202605/29/202606/04/2026$0.1753870$0.0000000$0.0000000$0.1753870
04/30/202604/30/202605/06/2026$0.2055090$0.0000000$0.0000000$0.2055090
03/31/202603/31/202604/07/2026$0.2610730$0.0000000$0.0000000$0.2610730
View Full History

Portfolio

Index represents the 70% JPM CLO A Index / 30% JPM CLO AA Index

Top Holdings (As of 08/10/2026)
% of Fund
Whitebox CLO IV Ltd|5.50587|07/20/2039, 5.51%, 07/20/39 3.35
Venture 49 CLO Ltd|5.47921|04/20/2037, 5.48%, 04/20/37 3.34
Sixth Street CLO XVI Ltd|5.43373|01/21/2039, 5.43%, 01/21/39 3.34
Crown City CLO IV|5.67921|04/20/2037, 5.68%, 04/20/37 3.34
Magnetite XXIII Ltd|5.16015|01/25/2035, 5.16%, 01/25/35 3.34
Tikehau US CLO VII Ltd|5.81015|02/25/2038, 5.81%, 02/25/38 3.29
Symphony CLO XXVIII Ltd|5.55217|01/23/2036, 5.55%, 01/23/36 3.27
Ares LXII CLO Ltd|5.71015|01/25/2034, 5.71%, 01/25/34 3.17
Bear Mountain Park CLO Ltd|5.50292|07/15/2037, 5.50%, 07/15/37 2.92
Rad CLO 22 Ltd|5.67921|10/20/2040, 5.68%, 10/20/40 2.90
View full holdings

Download

Portfolio Characteristics (As of 08/10/2026)
 
Number of Holdings
Debt Issues		 45
Portfolio Turnover Rate
(1-year trailing)		 -
Weighted Average Maturity
(years)		 6.15
Effective Duration
(years)		 0.20
Yield to Worst
 5.45%
Sector Allocation % of Fund % of Fund As of 08/10/2026
Regional Allocation % of Fund % of Fund As of August 10, 2026
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 08/10/2026
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of August 10, 2026
Underlying ETFs are assigned a split rating. The rating displayed is the lower rating. For example, for a split rating of Aaa/Baa, Baa is shown.

Documents

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