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ETFs

Janus Henderson Sustainable Corporate Bond ETF

SCRD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 08 2021
Expense Ratio
0.35%
Type
Global Bonds
Fund Owner
Janus
Volume (1m avg. daily)
$1,787
AUM
$29,658,295
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CBOT 10 Year US Treasury Note DEC 23
2.38%
n/a
CBOT 5 Year US Treasury Note DEC 23
1.98%
AWK/24
American Water Capital Corp - 3.85% NT REDEEM 01/03/2024 USD 1000
1.92%
ATHU5166291
Athene Global Funding
1.48%
HPE24B
Hewlett Packard Enterprise Co - 5.90% NT REDEEM 01/10/2024 USD 2000
1.45%
AON/32
Aon plc - 5% NT REDEEM 12/09/2032 USD 2000
1.39%
NNN33
NNN REIT Inc - 5.60% NT REDEEM 15/10/2033 USD 2000
1.36%
EIX/28A
Southern California Edison Co - 5.30% BD REDEEM 01/03/2028 USD 1000
1.32%
CFHP5147576
CF Hippolyta Issuer LLC
1.28%
ROIC5652787
Retail Opportunity Investments Partnership LP
1.24%
Invest with SCRD

What is SCRD?

The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus anyborrowings for investment purposes) in U.S. dollar denominated corporate bonds and commercial paper of various maturities. Under normal circumstances, no more than 15% of the Fund s net assets will be invested in securities rated below investment grade (sometimes referred to as junk bonds); however, such bonds will have a minimum rating of B- by a Nationally Recognized Statistical Ratings Organization ( NRSRO ) or, if unrated, determined to be of comparable credit quality by Janus Capital. The Fund seeks to invest in debt instruments issued by companies that Janus Capital believes exhibit sustainable business practices. As discussed further below, the portfolio managers seek to select securities that align with certain positive social and environmental themes. In identifying investment opportunities for the Fund, the portfolio managers use a proprietary multi-factor sustainability framework, along with an analysis of fundamental business and credit quality factors, to guide both security selection and overall portfolio composition. The sustainability framework incorporates thematic investing, exclusions, positive tilting, sector- and issuer-level environmental, social and governance factor analysis and issuer engagement considerations as determined by Janus Capital. The Fund may invest up to 20% of itsnet assets in other domestic or foreign debt securities, including U.S. Treasuries, bank loans, and cash and cash alternatives. TheFund may invest up to 10% of its net assets in emerging market issuers. The Fund may invest up to 5% of its assets in asset-backed securities and up to 5% of its assets in non-U.S. dollar denominated securities.

ETFs related toSCRD

ETFs correlated to SCRD include UNIY, PYLD, LQD

SCRD
Janus Capital Management LLC - Janus Henderson Sustainable Corporate Bond ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
DYLD
Two Roads Shared Trust - LeaderShares Dynamic Yield ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond 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.

Automated Strategies
Related toSCRD

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SCRD using Composer

FAQ

SCRD is a Global Bonds ETF. The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus anyborrowings for investment purposes) in U.S. dollar denominated corporate bonds and commercial paper of various maturities. Under normal circumstances, no more than 15% of the Fund s net assets will be invested in securities rated below investment grade (sometimes referred to as junk bonds); however, such bonds will have a minimum rating of B- by a Nationally Recognized Statistical Ratings Organization ( NRSRO ) or, if unrated, determined to be of comparable credit quality by Janus Capital. The Fund seeks to invest in debt instruments issued by companies that Janus Capital believes exhibit sustainable business practices. As discussed further below, the portfolio managers seek to select securities that align with certain positive social and environmental themes. In identifying investment opportunities for the Fund, the portfolio managers use a proprietary multi-factor sustainability framework, along with an analysis of fundamental business and credit quality factors, to guide both security selection and overall portfolio composition. The sustainability framework incorporates thematic investing, exclusions, positive tilting, sector- and issuer-level environmental, social and governance factor analysis and issuer engagement considerations as determined by Janus Capital. The Fund may invest up to 20% of itsnet assets in other domestic or foreign debt securities, including U.S. Treasuries, bank loans, and cash and cash alternatives. TheFund may invest up to 10% of its net assets in emerging market issuers. The Fund may invest up to 5% of its assets in asset-backed securities and up to 5% of its assets in non-U.S. dollar denominated securities.

Yes, SCRD 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, SCRD 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 SCRD is -0.0127%. This is the percent change in the value of SCRD over the most recent 1-month period. The 3-month return on SCRD is -0.0291%. This is the percent change in the value of SCRD over the most recent 3-month period.

The standard deviation of SCRD for the past year is 0.0697%. 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 SCRD include IGSB, VCIT, and VCSH.

ETFs correlated to SCRD include UNIY, PYLD, and LQD.

ETFs that are inversely correlated to SCRD include TBX, PST, and TTT.

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.