Skip to Content
ETFs

Janus Henderson AAA CLO ETF

JAAA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 16 2020
Expense Ratio
0.23%
Type
US Bonds
Fund Owner
Janus
Volume (1m avg. daily)
$20,063,582
AUM
$2,426,438,055
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
OHA Credit Funding 3 LTD
3.40%
n/a
Dryden 64 CLO Ltd
2.45%
n/a
Palmer Square CLO 2018-2 Ltd
2.42%
n/a
Dryden Collateralized Loan Obligations -15.04.31 Secured Class A-R 144A-3c7 Floating Rate
2.14%
n/a
Shackleton 2017-XI Clo Ltd
2.12%
n/a
SOUND POINT CLO XVII
2.04%
n/a
Madison Park Funding XVIII Ltd
2.03%
n/a
Madison Park Funding XXI Ltd
1.95%
n/a
Cifc Funding 2014-IV-R Ltd
1.71%
n/a
CBAM 2018-5A A
1.69%
Invest with JAAA

What is JAAA?

The Fund pursues its investment objective by investing, under normal circumstances, at least 90% of its net assets (plus any borrowings made for investment purposes) in CLOs of any maturity that are rated AAA (or equivalent by a nationally recognized statistical rating organization ( NRSRO )) at the time of purchase, or if unrated, determined to be of comparable credit quality by Janus Capital. For purposes of the Fund s investment policies, CLOs are floating or fixed-rate debt securities issued in different tranches, with varying degrees of risk, by a trust or other special purpose vehicle and backed by an underlying portfolio consisting primarily of below investment grade corporate loans. Such loans may include domestic and foreign senior secured loans, senior unsecured loans and subordinate corporate loans, which may individually be rated below investment grade or the equivalent if unrated. The underlying loans are selected by a CLO s manager. Under normal market conditions, the Fund will seek to maintain a minimum of 80% of its portfolio in AAA-rated CLOs. After purchase, a CLO may have its rating reduced below the minimum rating required by the Fund for purchase. In such cases, the Fund will consider whether to continue to hold the CLO. The Fund may temporarily deviate from the 80% policy while deploying new capital as the result of cash creation or redemption activity, or during unusual market conditions, or highly unusual market conditions such as a downgrade in the rating of one or more CLOs. The Fund will invest primarily in CLOs that are U.S. dollar denominated. However, the Fund may from time to time invest upto 30% of its net assets in CLOs that are denominated in foreign currencies. To the extent the Fund invests in non-U.S. dollar denominated securities, it will seek to hedge its exposure to foreign currency to U.S. dollars. The Fund is actively-managed .

ETFs related toJAAA

ETFs correlated to JAAA include CLOI, SEIX, JPST

JAAA
Janus Capital Management LLC - Janus Henderson AAA CLO ETF
CLOI
VanEck ETF Trust - VanEck CLO ETF
SEIX
Virtus ETF Trust II - Virtus Seix Senior Loan ETF
JPST
J.P.Morgan Investment Management Inc. - JPMorgan Ultra-Short Income ETF
NEAR
BlackRock Institutional Trust Company N.A. - BlackRock Short Maturity Bond ETF
GSST
Goldman Sachs ETF Trust - Goldman Sachs Access Ultra Short Bond ETF
MUST
Columbia ETF Trust I - Columbia Multi-Sector Municipal Income ETF
GSY
Invesco Capital Management LLC - Invesco Ultra Short Duration ETF
HYLD
Exchange Listed Funds Trust - High Yield ETF
ULST
SSgA Active Trust - SPDR SSgA Ultra Short Term Bond ETF
JPIB
J.P.Morgan Investment Management Inc. - JPMorgan International Bond Opportunities ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

JAAA is a US Bonds ETF. The Fund pursues its investment objective by investing, under normal circumstances, at least 90% of its net assets (plus any borrowings made for investment purposes) in CLOs of any maturity that are rated AAA (or equivalent by a nationally recognized statistical rating organization ( NRSRO )) at the time of purchase, or if unrated, determined to be of comparable credit quality by Janus Capital. For purposes of the Fund s investment policies, CLOs are floating or fixed-rate debt securities issued in different tranches, with varying degrees of risk, by a trust or other special purpose vehicle and backed by an underlying portfolio consisting primarily of below investment grade corporate loans. Such loans may include domestic and foreign senior secured loans, senior unsecured loans and subordinate corporate loans, which may individually be rated below investment grade or the equivalent if unrated. The underlying loans are selected by a CLO s manager. Under normal market conditions, the Fund will seek to maintain a minimum of 80% of its portfolio in AAA-rated CLOs. After purchase, a CLO may have its rating reduced below the minimum rating required by the Fund for purchase. In such cases, the Fund will consider whether to continue to hold the CLO. The Fund may temporarily deviate from the 80% policy while deploying new capital as the result of cash creation or redemption activity, or during unusual market conditions, or highly unusual market conditions such as a downgrade in the rating of one or more CLOs. The Fund will invest primarily in CLOs that are U.S. dollar denominated. However, the Fund may from time to time invest upto 30% of its net assets in CLOs that are denominated in foreign currencies. To the extent the Fund invests in non-U.S. dollar denominated securities, it will seek to hedge its exposure to foreign currency to U.S. dollars. The Fund is actively-managed .

Yes, JAAA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, JAAA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JAAA is -0.0055%. This is the percent change in the value of JAAA over the most recent 1-month period. The 3-month return on JAAA is 0.0125%. This is the percent change in the value of JAAA over the most recent 3-month period.

The standard deviation of JAAA for the past year is 0.032%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JAAA include CMBS, CARY, and JBBB.

ETFs correlated to JAAA include CLOI, SEIX, and JPST.

ETFs that are inversely correlated to JAAA include TSLY, TBIL, and GLL.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.