Janus Henderson AAA CLO ETF

Frequently Asked Questions About JAAA

What does JAAA invest in?

To achieve its investment objective, the Janus Henderson AAA CLO ETF (JAAA) typically allocates a substantial portion—at least 90%—of its net assets to Collateralized Loan Obligations (CLOs). These primary holdings must possess an AAA credit rating at the time of acquisition, or if unrated, be determined by the Adviser to be of equivalent credit quality. The fund maintains flexibility regarding maturity, investing in CLOs across various durations. Up to 10% of the remaining portfolio may be invested in other high-quality CLOs. For these supplemental investments, a minimum credit rating of A- is required upon purchase, or they must be judged by the Adviser to exhibit comparable credit strength if unrated.

What is the expense ratio of JAAA?

Janus Henderson AAA CLO ETF (JAAA) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is JAAA's dividend yield?

JAAA's trailing-twelve-month yield is 4.84%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JAAA?

Effective duration measures JAAA's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. JAAA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of JAAA?

JAAA's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of JAAA?

Yield to maturity (YTM) is the total return you'd earn from JAAA if every bond in the portfolio is held to maturity at the current price. JAAA's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.