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Launched

Janus Henderson Income ETF

JIIINYSE ArcaJanus HendersonC

$48.39−0.05 (−0.10%)

At close: Nov 2, 2026, 4:00 PM ET

C47/ 100

Rank 88 of 116 in US Aggregate Bond

C47/100Rank 88 of 116inUS Aggregate Bond
Intraday session: down, 79 prints from 48.44 to 48.39. Range 48.32 to 48.58. Use the arrow keys to read each point.48.3548.5048.5510 AM12 PM2 PM4 PM
Expense ratio
0.54%*
Fund size
$339M
1Y total return
+1.8%
Yield · Last 12 months
7.66%
Holdings
577
Avg volume · 30D
54.9K sh
52W range
low $47.99high $51.43
Launched

*After a fee waiver that ends Feb 28, 2028. Without it: 0.56%.

The ETF.net JIII Grade

C

Score 47 out of 100

Category
US Aggregate Bond⁠
Rank
88 of 116
Six-pillar profile for JIII. Scores out of 100: Cost 16, Risk 82, Mission 79, Tradability 34, Holdings 34, Durability 40. Strongest: Risk (82). Weakest: Cost (16). Leans toward Risk and Mission.

Score 47 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.
    F16 out of 100
    Rank 96 of 115

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A79 out of 100
    Rank 84 of 100

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A82 out of 100
    Rank 8 of 116

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D34 out of 100
    Rank 90 of 116

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 95 of 115

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C40 out of 100
    Rank 82 of 116

Our read on JIII

ETF.net Research

In short

CActive multi-sector income from Janus Henderson, built to sit between a core bond fund and a single-sector high-yield fund. Pays monthly. Costs 0.54%, net of a waiver through February 28, 2028.

Stated mandate

The fund seeks long-term returns through a combination of income and capital growth.

Why people hold it

  • Actively managed across bond sectors, US and non-US, instead of tracking one index. Janus Henderson positions it between a core bond fund and a constrained high-yield fund.janushenderson.com
  • Income comes first in the mandate, capital appreciation second, and cash goes out monthly rather than quarterly.janushenderson.com
  • Roughly 500 holdings spread across credit, securitized and government debt, so the risk is not purely a bet on Treasury rates.janushenderson.com

Worth knowing

  • At 0.54% net of a waiver through February 28, 2028 (0.56% gross), it sits above the category median, while index trackers AGG, BND and SPAB each charge 0.03%.
  • Launched in 2024, so the live record is short, and the fund trades moderately rather than heavily.
  • A manager's sector calls drive the portfolio, which can leave it looking quite different from a plain aggregate-bond index fund.janushenderson.com

JIII Performance

Launched Nov 12, 2024

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.
JIII$10,182
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. JIII $10,182. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 JIII. Periods over one year show the average yearly return.
PeriodJIII
Year to date+0.7%
1 month+1.1%
3 months−0.4%
1 year+1.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 JIII
YearReturn barJIII
2026 YTD+0.7%
2025+8.3%
2024+0.5%

History from Nov 13, 2024

JIII in the news

JIII Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
7.66%Last 12 months
Payout per share
$3.71Last 12 months
Upcoming payment
$0.22 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 23 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.22; Feb 3, 2025 $0.34; Mar 3, 2025 $0.25; Apr 1, 2025 $0.27; May 1, 2025 $0.18; Jun 2, 2025 $0.26; Jul 1, 2025 $0.25; Aug 1, 2025 $0.28; Sep 2, 2025 $0.28; Oct 1, 2025 $0.31; Nov 3, 2025 $0.29; Dec 1, 2025 $0.26; Dec 22, 2025 $0.75; Jan 30, 2026 $0.24; Feb 27, 2026 $0.27; Mar 31, 2026 $0.27; Apr 30, 2026 $0.25; May 29, 2026 $0.25; Jun 30, 2026 $0.24; Jul 31, 2026 $0.22; Aug 31, 2026 $0.25; Sep 30, 2026 $0.20; Oct 30, 2026 $0.22. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 5, 2026$0.22
Sep 30, 2026Oct 6, 2026$0.20
Aug 31, 2026Sep 4, 2026$0.25
Jul 31, 2026Aug 6, 2026$0.22
Jun 30, 2026Jul 7, 2026$0.24
May 29, 2026Jun 4, 2026$0.25
Apr 30, 2026May 6, 2026$0.25
Mar 31, 2026Apr 7, 2026$0.27
Feb 27, 2026Mar 5, 2026$0.27
Jan 30, 2026Feb 5, 2026$0.24
Dec 22, 2025Dec 29, 2025$0.75
Dec 1, 2025Dec 5, 2025$0.26

See all 23 payments⁠

$10,000 in JIII 1 year ago paid $724 in dividends.⁠

JIII Risk

Risk pillarA82 out of 100Rank 8 of 116 in US Aggregate Bond
How much the fund’s monthly returns vary, scaled to a year.
3.0%
Annualised · 23 months to Oct 2026
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.
0.10
vs 3-month T-bills · 23 months to Oct 2026
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.
−3.5%
23 months · trough Apr 2025
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.
0.14
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.

FMP measures it over up to five years of monthly returns.

JIII Cost

Compare JIII and BKAG

Overpaying vs BKAG, cheapest in US Aggregate Bond

$10,720

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JIII 0.54%

    $10,720

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • JIII 0.54%
  • BKAG 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530JIII $10,720BKAG $0

Year by year

YearJIIIBKAGOverpaying
10$971$0$971
20$3,724$0$3,724
30$10,720$0$10,720
How the 0.54% is worked out

Full fee 0.56%− waiver 0.02%= you pay 0.54%

The waiver ends Feb 28, 2028. After that the fee is 0.56% unless Janus Henderson renews it. Source: prospectus, Feb 2026.

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