For Individual Investors in the US

JAAA AAA CLO ETF

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

NAV
$50.23
As of 09/28/2023

1-Day Change
-$0.01 (-0.02%)
As of 09/28/2023

YTD Return
6.17%
As of 09/28/2023

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.

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

Magnifying glass

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

Industry since 2003. Joined Firm in 2017.

Jessica Shill

Portfolio Manager | Securitised Products Analyst

Industry since 2017.

Performance

RETURNS (%) (As of 08/31/2023)
NAV Market Price J.P. Morgan CLO AAA Index
 
3M YTD 1YR Since Inception
(10/16/2020)
NAV 2.79 5.57 7.21 2.85
Market Price 2.92 5.68 7.53 2.93
J.P. Morgan CLO AAA Index 2.70 5.77 7.44 3.18
RETURNS (%) (As of 06/30/2023)
NAV Market Price J.P. Morgan CLO AAA Index
 
3M YTD 1YR Since Inception
(10/16/2020)
NAV 2.07 3.55 6.30 2.30
Market Price 2.13 3.59 6.45 2.36
J.P. Morgan CLO AAA Index 2.04 3.83 6.71 2.68
Calendar Year Returns (%)
NAV J.P. Morgan CLO AAA Index
2022 2021
NAV 0.49 1.35
J.P. Morgan CLO AAA Index 1.05 1.40

PREMIUM/DISCOUNT HISTORY

DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
09/01/202309/05/202309/08/2023$0.274335$0.000000$0.000000$0.274335
08/01/202308/02/202308/07/2023$0.262126$0.000000$0.000000$0.262126
07/03/202307/05/202307/10/2023$0.252747$0.000000$0.000000$0.252747
06/01/202306/02/202306/07/2023$0.247984$0.000000$0.000000$0.247984
05/01/202305/02/202305/05/2023$0.251298$0.000000$0.000000$0.251298
04/03/202304/04/202304/10/2023$0.234412$0.000000$0.000000$0.234412
03/01/202303/02/202303/07/2023$0.214527$0.000000$0.000000$0.214527
View Full History

Portfolio

Index represents the J.P. Morgan CLO AAA Index

Top Holdings (As of 09/28/2023)
% of Fund
OHA Credit Funding 3 LTD|6.72775|07/02/2035, 6.73%, 07/02/35 2.49
Signal Peak CLO 12 Ltd|6.84989|07/18/2034, 6.85%, 07/18/34 2.00
Cifc Funding 2014-IV-R Ltd|6.73957|01/17/2035, 6.74%, 01/17/35 1.76
Octagon Investment Partners 29 Ltd|6.78718|01/24/2033, 6.79%, 01/24/33 1.71
CARLYLE US CLO 2021-1 LTD|6.70957|04/15/2034, 6.71%, 04/15/34 1.64
AGL CLO 14 Ltd|6.41143|12/02/2034, 6.41%, 12/02/34 1.46
RR 1 LLC|6.71957|07/15/2035, 6.72%, 07/15/35 1.42
Regatta XXIII Funding Ltd|6.73775|01/20/2035, 6.74%, 01/20/35 1.39
CIFC Funding 2020-III Ltd|6.71775|10/20/2034, 6.72%, 10/20/34 1.38
Dryden 75 CLO Ltd|6.60957|04/15/2034, 6.61%, 04/15/34 1.36
View full holdings
Portfolio Characteristics (As of 09/28/2023)
 
Number of Holdings
Debt Issues
180
Portfolio Turnover Rate
(1-year trailing)
41.35%
Weighted Average Maturity
(years)
3.70
Effective Duration
(years)
0.05
Yield to Worst
7.14%

Yield to Worst is a portfolio level calculation that excludes cash and cash related costs.

Sector Allocation % OF FUND % OF FUND (As of 09/28/2023)
Regional Allocation % OF FUND % OF FUND (As of September 28, 2023)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 09/28/2023)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of September 28, 2023)

Documents