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Launched · SEC filings

Janus Henderson AA-A CLO ETF

JANYSE ArcaC

$50.20+0.01 (+0.02%)

As of Oct 13, 2026, 3:59 PM

C49/ 100

Rank 17 of 34 in Collateralized Loan Obligations (CLO)

C49/100Rank 17 of 34inCollateralized Loan Obligations (CLO)
Intraday session: up, 7 prints from 50.19 to 50.20. Range 50.18 to 50.20. Use the arrow keys to read each point.50.1950.2010 AM12 PM2 PM4 PM
Expense ratio
0.32%
Fund size
$183M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
70
Avg volume · 30D
0M sh
NAV per share
$50.17
52W range
low $49.85high $50.38
Launched
Filings
SEC EDGAR

The ETF.net JA Grade

Based on 5 of 6 pillars

C

Score 49 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
17 of 34
Six-pillar profile for JA. Scores out of 100: Cost 45, Risk 63, Mission not scored, Tradability 49, Holdings 42, Durability 56. Strongest: Risk (63). Weakest: Holdings (42). Based on 5 of 6 pillars.

Score 49 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C45 out of 100
    Rank 19 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 13 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 16 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 27 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 15 of 34

Our read on JA

ETF.net Research

CAlmost every CLO ETF stops at AAA. JA steps one rung down the stack, actively picking AA and A rated tranches for the wider spreads they carry, and the extra credit risk that rides along.

Stated mandate

The fund seeks capital preservation and current income through an actively managed portfolio focused on high-quality AA to A rated collateralized loan obligations.

Why people hold it

  1. 01Actively managed to a plain brief: capital preservation and current income from AA to A rated CLOs. People picking tranches, not an index doing the sorting.
  2. 02Real differentiation. The cohort's heavyweights (CLOA, JAAA, PAAA, FAAA, ACLO) all park at AAA. JA is the one deliberately shopping a notch lower.
  3. 03Comes from the shop that also runs the AAA-only JAAA, so the CLO ETF machinery behind it is not brand new even if this fund is.

Worth knowing

  1. 010.32% a year, above the CLO ETF median and above the 0.19% to 0.20% charged by AAA leaders like PAAA and CLOA. You pay up for the step down the stack.
  2. 02AA and A tranches sit below AAA in the CLO waterfall, so they absorb losses earlier and move more when credit spreads widen. The book runs concentrated, a few dozen positions.
  3. 03A 2026 launch with a modest asset base and light trading, so bid-ask spreads can be wide and there is little history to judge it on.

JA Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
70
Top-10 weight
30%
Largest holding
Us Dollars4.9%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Us Dollars4.88%8,937,714$9M51
002—FX Forward|USD|11/04/20264.29%7,852,425$8M5
003—Crown City CLO IV BR2 5.67921% 20-APR-2037, 5.68%, 04/20/372.78%5,000,000$5M1
004—Whitebox CLO I Ltd AB FLTG 39, 5.51%, 07/20/392.78%5,000,000$5M1
005—Venture Clo Ltd 2024-49 Ab Fltg 37, 5.48%, 04/20/372.77%5,000,000$5M2
006—Tikehau US CLO VII C 5.81015% 25-FEB-2038, 5.81%, 02/25/382.72%4,900,000$5M1
007—Symphony CLO XXVIII CR 5.55217% 23-JAN-2036, 5.55%, 01/23/362.71%4,900,000$5M1
008—Ares LXII CLO CR 5.71015% 25-JAN-2034, 5.71%, 01/25/342.63%4,757,000$5M1
009—Silver Point CLO 14 C1 5.60292% 15-JAN-2039, 5.60%, 01/15/392.53%4,550,000$5M1
010—Rad Clo 22 Br 5.67921% 20-OCT-2040, 5.68%, 10/20/402.41%4,325,000$4M1
011—Apex Credit CLO 2024-I BR 5.57921% 20-APR-2036, 5.58%, 04/20/362.38%4,300,000$4M2
012—Kkr Clo 32 CR2 5.583276% 15-JUL-2039, 5.49%, 07/15/392.22%4,000,000$4M1
013—Bryant Park Funding 2023-19 BR 5.35292% 15-APR-2038, 5.35%, 04/15/382.22%4,000,000$4M1
014—Atlantic Avenue 2024-3 C 5.92921% 20-JAN-2035, 5.93%, 01/20/352.22%4,000,000$4M1
015—Palmer Square CLO 2022-2 CR 5.67921% 20-JUL-2037, 5.68%, 07/20/372.22%4,000,000$4M1

Showing 1–15 of 70 holdings

JA Performance

Launched Feb 18, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
JA$10,130
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. JA $10,130. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JA. Periods over one year show the average yearly return.
PeriodJA
Year to dateFund launched this year—
1 month+0.4%
3 months+1.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JA
YearReturn barJA
2026 YTD+3.2%

History from Feb 19, 2026

JA in the news

Filtered to JA · Collateralized Loan Obligations (CLO)

JA Dividends

Last payment
$0.21 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 7 payments in 2026 YTD. Mar 31, 2026 $0.26; Apr 30, 2026 $0.21; May 29, 2026 $0.18; Jun 30, 2026 $0.22; Jul 31, 2026 $0.20; Aug 31, 2026 $0.20; Sep 30, 2026 $0.21. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 6, 2026$0.21
Aug 31, 2026Sep 4, 2026$0.20
Jul 31, 2026Aug 6, 2026$0.20
Jun 30, 2026Jul 7, 2026$0.22
May 29, 2026Jun 4, 2026$0.18
Apr 30, 2026May 6, 2026$0.21
Mar 31, 2026Apr 1, 2026$0.26

JA Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

JA Cost

Expense ratio0.32%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

18 of the 34 Collateralized Loan Obligations (CLO) funds charge less.

JA costs $32.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.

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