ETF overview
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.
Fund facts
- Expense ratio
- 0.47%
- Fund assets
- 1.52B USD (all share classes)
- Issuer
- Janus Henderson
- Inception date
- Jan 11, 2022
- Number of holdings
- 288
Breakdown
Holdings (288)
| Name | Ticker | Weight |
|---|---|---|
| Palmer Square CLO 2024-2 D1R 6.69836% 20-JUL-2038, 6.50%, 07/20/38 | 1.33% | |
| Tikehau US CLO VII D1 6.91015% 25-FEB-2038, 6.91%, 02/25/38 | 1.33% | |
| Anchorage Capital CLO 9 DR4 6.99925% 15-JUL-2037, 7.00%, 07/15/37 | 1.32% | |
| Regatta XVIII Funding D1R 6.35292% 15-APR-2038, 6.35%, 04/15/38 | 1.22% | |
| Regatta X Funding D1R2 6.80584% 17-JUL-2037, 6.81%, 07/17/37 | 1.04% | |
| Aurium CLO X DR 5.64% 17-APR-2037, 5.64%, 04/17/37 | 1.04% | |
| Tikehau US CLO VI D1 7.02921% 18-JUL-2037, 7.03%, 07/18/37 | 0.99% | |
| Benefit Street Partners CLO XXV Ltd|6.39249|01/15/2035, 6.39%, 01/15/35 | 0.99% | |
| Sixth Street CLO XXV D1R 6.62509% 24-JUL-2037, 6.63%, 07/24/37 | 0.97% | |
| Elmwood CLO 18 D1RR 6.69952% 17-JUL-2037, 6.70%, 07/17/37 | 0.94% | |
| and 275 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.47%
- Fund assets
- 1.52B USD (all share classes)
- Issuer
- Janus Henderson
- Inception date
- Jan 11, 2022
- Number of holdings
- 288
| Name | Ticker | Weight |
|---|---|---|
| Palmer Square CLO 2024-2 D1R 6.69836% 20-JUL-2038, 6.50%, 07/20/38 | 1.33% | |
| Tikehau US CLO VII D1 6.91015% 25-FEB-2038, 6.91%, 02/25/38 | 1.33% | |
| Anchorage Capital CLO 9 DR4 6.99925% 15-JUL-2037, 7.00%, 07/15/37 | 1.32% | |
| Regatta XVIII Funding D1R 6.35292% 15-APR-2038, 6.35%, 04/15/38 | 1.22% | |
| Regatta X Funding D1R2 6.80584% 17-JUL-2037, 6.81%, 07/17/37 | 1.04% | |
| Aurium CLO X DR 5.64% 17-APR-2037, 5.64%, 04/17/37 | 1.04% | |
| Tikehau US CLO VI D1 7.02921% 18-JUL-2037, 7.03%, 07/18/37 | 0.99% | |
| Benefit Street Partners CLO XXV Ltd|6.39249|01/15/2035, 6.39%, 01/15/35 | 0.99% | |
| Sixth Street CLO XXV D1R 6.62509% 24-JUL-2037, 6.63%, 07/24/37 | 0.97% | |
| Elmwood CLO 18 D1RR 6.69952% 17-JUL-2037, 6.70%, 07/17/37 | 0.94% | |
| and 275 more | ||
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.
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