# Janus Detroit Street Trust - Janus Henderson Equity Linked Moderate Income ETF (JELM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/jelm for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Janus Henderson · Asset class: Mixed Asset - Strategy: Actively Managed · Inception: 2026-04-21 JELM is an actively managed fund designed for income-focused investors seeking an alternative to traditional bonds or equities. The ETF is a portfolio of equity-linked derivatives, with at least half allocated to autocallable instruments that pay periodic coupons as long as the underlying reference assets remain above specified barrier levels and may be automatically redeemed if certain conditions are met. Up to half of the portfolio is invested in Stability Equity Linked Instruments, which generate income based on day-to-day stability of a reference assets price, with potential losses if t... ## Key Facts | Metric | Value | |---|---| | Price | $25.68 | | Expense Ratio | 0.59% | | Assets Under Management | $66.1M | | NAV | $25.51 | | Holdings Count | 0 | | Distribution Yield (TTM) | 2.51% | | Annual Distribution (TTM) | $0.64 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.92 – $29.25 | | Beta | 0.08 | ## Latest Distribution - Amount: $0.1759 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-06 ## Frequently Asked Questions ### What does JELM invest in? JELM is an actively managed fund designed for income-focused investors seeking an alternative to traditional bonds or equities. The ETF is a portfolio of equity-linked derivatives, with at least half allocated to autocallable instruments that pay periodic coupons as long as the underlying reference assets remain above specified barrier levels and may be automatically redeemed if certain conditions are met. Up to half of the portfolio is invested in Stability Equity Linked Instruments, which generate income based on day-to-day stability of a reference assets price, with potential losses if the asset drops below predefined thresholds. JELM utilizes a quantitative framework to allocate across multiple positions, structures, counterparties, and maturities, and employs a laddering approach to manage timing and risk. The portfolio is managed using a bottom-up, research-driven process, with active and frequent trading. ### What is the expense ratio of JELM? Janus Detroit Street Trust - Janus Henderson Equity Linked Moderate Income ETF (JELM) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations. ### What is JELM's dividend yield? JELM's trailing-twelve-month yield is 2.51%, calculated from the sum of dividends over the past year divided by the current price. ### How big is JELM? Janus Detroit Street Trust - Janus Henderson Equity Linked Moderate Income ETF (JELM) manages $66.1M 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 JELM actively managed or an index fund? JELM is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (JELM's is 0.59%) in exchange for the discretion to over- or under-weight positions. ### When was JELM launched? Janus Detroit Street Trust - Janus Henderson Equity Linked Moderate Income ETF (JELM) launched in April 2026 and is managed by Janus Henderson. ### Does JELM pay a dividend? Yes, Janus Detroit Street Trust - Janus Henderson Equity Linked Moderate Income ETF (JELM) distributes dividends to shareholders. The trailing-twelve-month yield is 2.51%. Full dividend history is on this page. ### How often does JELM pay dividends? Janus Detroit Street Trust - Janus Henderson Equity Linked Moderate Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is JELM's next ex-dividend date? The most recently announced ex-dividend date for JELM was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will JELM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.59% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does JELM charge its expense ratio? The expense ratio is deducted in tiny daily slices from JELM's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does JELM cost more than a fund like VOO? JELM is actively managed (current expense ratio 0.59%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether JELM's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to JELM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as JELM (0.59%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/jelm - Distribution history: https://www.dividenddata.com/funds/jelm/dividend - Holdings & diversification: https://www.dividenddata.com/funds/jelm/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/jelm/expenses - Peer comparison: https://www.dividenddata.com/funds/jelm/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.