Janus Henderson B-BBB CLO ETF
$47.56−0.04 (−0.07%)
- Expense ratio
- 0.47%
- Fund size
- $1.5B
- 1Y return
- +5.1%
- Yield · Last 12 months
- 6.33%
- Holdings
- 270
- Volume · 30D
- 0.4M sh
- NAV per share
- $47.61
- 52W range
The ETF.net JBBB Grade
Score 41 of 100 sits in the C 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.DScore 27Category 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.DScore 25Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 61Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 88Category rank
Our read on JBBB
CMost CLO ETFs stop at AAA. JBBB deliberately goes down the stack to BBB+ through B- tranches: floating-rate income with real credit risk attached, from the same Janus Henderson shop that runs its AAA sibling.
The fund seeks capital preservation and current income through floating-rate exposure to collateralized loan obligations generally rated from BBB+ through B-.
Why people hold it
- The mezzanine option in a shelf full of AAA funds. While category leaders JAAA, CLOA and PAAA buy top-of-stack paper, JBBB targets CLOs rated BBB+ through B-.janushenderson.com
- CLO coupons float with short-term rates, so interest-rate duration is minimal. Stated goals are capital preservation and current income, and it pays monthly.
- Spread across roughly 220 positions inside a multi-billion-dollar, moderately traded fund, running as a standard 1940 Act ETF since January 2022.
Worth knowing
- 0.47% a year, close to double the 0.25% median for CLO funds and the roughly 0.20% the large AAA rivals charge.
- BBB+ to B- tranches sit further down the credit ladder than the AAA paper most peers hold. More credit risk is the point, not an accident.
- Floating rate cuts both ways: as short-term rates move lower, the coupons the portfolio collects reset lower with them.
JBBB Holdings
- Bonds
- 270
- 20%
- FX Forward|USD|11/04/2026
Sectors
- Financials100.0%
Geography
- United States100.00%
JBBB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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 | JBBB |
|---|---|
| Year to date | +3.8% |
| 1 month | +0.6% |
| 3 months | +2.1% |
| 1 year | +5.1% |
| 3 years | +7.5% |
| 5 years | — |
| 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 | JBBB |
|---|---|---|
| 2026 YTD | +3.8% | |
| 2025 | +4.4% | |
| 2024 | +10.7% | |
| 2023 | +16.9% | |
| 2022 | −6.6% |
JBBB in the news
ETF.net Research hasn’t filed on JBBB yet — coverage lands here as it’s written.
JBBB Dividends
- 6.33%
- $3.01
- $0.24 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.24 |
| Jul 31, 2026 | Aug 6, 2026 | $0.23 |
| Jun 30, 2026 | Jul 7, 2026 | $0.23 |
| May 29, 2026 | Jun 4, 2026 | $0.23 |
| Apr 30, 2026 | May 6, 2026 | $0.24 |
| Mar 31, 2026 | Apr 7, 2026 | $0.22 |
| Feb 27, 2026 | Mar 5, 2026 | $0.25 |
| Jan 30, 2026 | Feb 5, 2026 | $0.25 |
| Dec 22, 2025 | Dec 29, 2025 | $0.28 |
| Dec 1, 2025 | Dec 5, 2025 | $0.26 |
| Nov 3, 2025 | Nov 7, 2025 | $0.30 |
| Oct 1, 2025 | Oct 7, 2025 | $0.29 |
JBBB Risk
- 2.9%
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.
- 0.99
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.
- −10.8%
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.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JBBB Cost
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
25 of the 34 Collateralized Loan Obligations (CLO) funds charge less.