Janus Henderson B-BBB CLO ETF

Frequently Asked Questions About JBBB

What does JBBB invest in?

JBBB seeks to provide capital preservation and current income by investing in floating-rate collateralized loan obligations (CLOs) of any maturity. The fund will primarily be composed of CLOs rated between BBB+ and B-, with up to 15% in below investment grade (BB+ or lower) loans, and up to 10% in CLOs (or ETFs which provide exposure to CLOs) rated above BBB+. It is important to note this funds specific credit range, as it will increase credit risk and liquidity risk relative to more senior CLO tranches. JBBB will generally invest in USD denominated CLOs, but may invest up to 30% in those denominated in foreign currencies. The portfolio managers have full discretion with regards to the daily management of the fund, and will utilize a bottom-up approach in selecting securities to buy and sell. The fund also limits each CLO to 5% of the fund, and will hedge any foreign currency exposure.

What is the expense ratio of JBBB?

Janus Henderson B-BBB CLO ETF (JBBB) charges an expense ratio of 0.47%. This is the annual fee deducted from fund assets to cover management and operations.

How big is JBBB?

Janus Henderson B-BBB CLO ETF (JBBB) manages $1.40B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is JBBB actively managed or an index fund?

JBBB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was JBBB launched?

Janus Henderson B-BBB CLO ETF (JBBB) launched in January 2022 and is managed by Janus Henderson.

How has JBBB performed?

JBBB's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.