- What does JUDO invest in?
- JUDO aims for current income and long-term capital growth by investing in US companies while also employing a covered call option strategy. Through stocks, depository receipts, and other related securities, the fund targets 5070 dividend-paying equities tied to the United States. The fund employs a bottom-up approach, considering fundamental analysis that includes capital returns, balance sheet flexibility, and dividend growth potential. The ETF aims to lower risk and enhance income by tactically selling short-term call option contracts on some or all of the securities in its portfolio. As such, it foregoes some participation if a securitys value rises. The fund identifies opportunities and sells options tactically, rather than keeping all positions covered and limiting potential upside when a security demonstrates strength or volatility. The fund may engage in securities lending. The actively managed ETF has full discretion to adjust the portfolio daily or at any time.
- What is the expense ratio of JUDO?
- Janus Detroit Street Trust - Janus Henderson U.S. Equity Enhanced Income ETF (JUDO) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.
- What is JUDO's distribution yield?
- JUDO's trailing-twelve-month yield is 2.88%, calculated from the sum of distributions over the past year divided by the current price.
- How does JUDO's covered-call strategy work?
- JUDO sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is JUDO?
- Janus Detroit Street Trust - Janus Henderson U.S. Equity Enhanced Income ETF (JUDO) manages $7.8M 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 JUDO actively managed or an index fund?
- JUDO's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
