Janus Henderson AAA CLO ETF
$50.69+0.01 (+0.02%)
- Expense ratio
- 0.20%
- Fund size
- $31.3B
- 1Y return
- +4.9%
- Yield · Last 12 months
- 4.88%
- Holdings
- 606
- Volume · 30D
- 5.5M sh
- NAV per share
- $50.67
- 52W range
The ETF.net JAAA Grade
Score 84 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 83Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 69Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 99Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 83Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 92Category rank
Our read on JAAA
AThe AAA CLO trade in an ETF wrapper, running since 2020: floating-rate exposure to the senior slice of the corporate loan stack, aiming for capital preservation and income, at a fee below the group norm.
The fund seeks capital preservation and current income through floating-rate exposure to high-quality AAA-rated collateralized loan obligations.
Why people hold it
- Costs 0.20% a year, under the typical fee in its CLO peer group, and the newer AAA CLO rivals (CLOA, FAAA, ACLO) cluster at that same number rather than undercutting it.
- Very actively traded and a multi-billion-dollar fund, which is real market depth for an asset class that mostly lives in institutional hands.
- AAA CLO tranches pay floating coupons, so income resets as short-term rates move instead of being locked in. Distributions land monthly.
- Spread across roughly 400 positions at the top AAA rung of the loan capital stack, so no single deal carries the fund. One of the stronger builds in its peer group.
Worth knowing
- Actively managed with no declared index behind it, so which deals and tranches the fund owns comes down to the manager, not a published rulebook.
- Floating rate cuts both ways: when short-term rates fall, the income these deals throw off falls with them.
- AAA is the senior rung, but it is still corporate loan credit, not Treasuries. The fund's stated aim is capital preservation, not a guarantee of it.
JAAA Holdings
- Bonds
- 606
- 7%
- KKR CLO 35 AR 4.92921% 20-JAN-2038, 4.93%, 01/20/38
JAAA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
JAAA$10,486
Returns run to the Sep 22, 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.
| Period | JAAA |
|---|---|
| Year to date | +3.4% |
| 1 month | +0.4% |
| 3 months | +1.3% |
| 1 year | +4.9% |
| 3 years | +6.1% |
| 5 years | +5.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JAAA |
|---|---|---|
| 2026 YTD | +3.4% | |
| 2025 | +5.2% | |
| 2024 | +7.4% | |
| 2023 | +8.6% | |
| 2022 | +0.5% | |
| 2021 | +1.4% | |
| 2020 | +0.8% |
JAAA in the news
JAAA Dividends
- 4.88%
- $2.47
- $0.21 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.21 |
| Jul 31, 2026 | Aug 6, 2026 | $0.20 |
| Jun 30, 2026 | Jul 7, 2026 | $0.20 |
| May 29, 2026 | Jun 4, 2026 | $0.20 |
| Apr 30, 2026 | May 6, 2026 | $0.20 |
| Mar 31, 2026 | Apr 7, 2026 | $0.20 |
| Feb 27, 2026 | Mar 5, 2026 | $0.19 |
| Jan 30, 2026 | Feb 5, 2026 | $0.18 |
| Dec 22, 2025 | Dec 29, 2025 | $0.25 |
| Dec 1, 2025 | Dec 5, 2025 | $0.19 |
| Nov 3, 2025 | Nov 7, 2025 | $0.22 |
| Oct 1, 2025 | Oct 7, 2025 | $0.23 |
JAAA Risk
- 0.8%
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.
- 1.97
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.
- −2.6%
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.
- 0.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JAAA Cost
0.20%
JAAA0.20%
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
6 of the 34 Collateralized Loan Obligations (CLO) funds charge less.