Symbols

JAAA

Janus Henderson AAA CLO ETF·NYSE

--(--)

Key Stats

Assets Under Management

24.22BUSD

Fund Flows (1Y)

9.41BUSD

Dividend Yield

5.30%

Discount/Premium to NAV

0.10%

Shares Outstanding

480.10M

Expense Ratio

0.20%

About Janus Henderson AAA CLO ETF

Issuer

Janus Henderson

Brand

Janus Henderson

Home Page

https://www.janushenderson.com/en-us/advisor/product/jaaa-aaa-clo-etf/

Inception Date

Oct 16, 2020

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Janus Henderson Investors US LLC

Distributor

ALPS Distributors, Inc.

JAAA provides access to a hard to reach area of the fixed income market, collateralized loan obligations (CLOs). The CLO market tends to be less liquid with varying degrees of risk. A CLO is backed by an underlying portfolio of corporate loans selected by the CLO's manager. JAAA offers expertise in this space by actively managing the fund portfolio to generate income and mitigate risk. Fund managers select high quality issues of various maturities. Securities selected for the portfolio must be AAA-rated at the time of purchase. In the event a rating is reduced after purchase, fund managers will determine whether to continue to hold the CLO. The fund will focus its holdings on those that are USD denominated but can hold up to 30% of the portfolio in CLOs denominated in foreign currencies. Caps are placed at 5% on any single CLO and 15% in CLOs managed by a single manager.