Janus Henderson Mortgage-Backed Securities ETF
$43.05−0.48 (−1.11%)
- Expense ratio
- 0.21%
- Fund size
- $6.5B
- 1Y return
- +0.5%
- Yield · Last 12 months
- 5.39%
- Holdings
- 441
- Volume · 30D
- 0.7M sh
- NAV per share
- $43.55
- 52W range
The ETF.net JMBS Grade
Score 77 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 93Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 98Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 33Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 91Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 25Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 84Category rank
Our read on JMBS
AThe original actively managed mortgage-backed securities ETF, launched in 2018. Rather than replicate the MBS index, the team picks through agency mortgage bonds, a corner of the market where prepayment behavior makes security selection its own craft.
The fund seeks a high level of total return through both income and capital appreciation.
Why people hold it
- Charges 0.21% a year against a 0.36% median for its bond peer group, and that buys an active specialist mandate rather than an index tracker.
- First mover: Janus Henderson launched it in 2018 as the first actively managed MBS ETF in the US, and it now runs several hundred mortgage bonds.prnewswire.com
- A multi-billion-dollar fund that trades actively and pays monthly, which is a real edge in a corner of the bond market where most products stay small.
- Does what its documents say it does, and stands as one of the stronger implementations in its broad-bond peer group.
Worth knowing
- This is one slice of the bond market, not a whole-market core. Broad aggregate funds such as BND, SPAB and SCHZ cover the full index for 0.03%.
- Mortgage bonds prepay. Homeowners refinance when rates fall and sit tight when they rise, so the portfolio's cash flows and rate sensitivity shift with the cycle.janushenderson.com
- The mandate targets total return from income plus price moves, so the monthly payout is not a fixed rate and the manager's calls drive the result.
JMBS Holdings
- Bonds
- 441
- 54%
- UMBS TBA 30yr 2.5% October Delivery, 2.50%, 10/13/26
Geography
- United States100.00%
JMBS 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 | JMBS |
|---|---|
| Year to date | −1.4% |
| 1 month | −1.5% |
| 3 months | −2.0% |
| 1 year | +0.5% |
| 3 years | +5.0% |
| 5 years | +0.3% |
| 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 | JMBS |
|---|---|---|
| 2026 YTD | −1.4% | |
| 2025 | +8.8% | |
| 2024 | +1.5% | |
| 2023 | +5.7% | |
| 2022 | −11.4% | |
| 2021 | −0.3% | |
| 2020 | +5.8% |
JMBS in the news
ETF.net Research hasn’t filed on JMBS yet — coverage lands here as it’s written.
JMBS Dividends
- 5.39%
- $2.35
- $0.20 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.20 |
| Jul 31, 2026 | Aug 6, 2026 | $0.19 |
| Jun 30, 2026 | Jul 7, 2026 | $0.20 |
| May 29, 2026 | Jun 4, 2026 | $0.19 |
| Apr 30, 2026 | May 6, 2026 | $0.19 |
| Mar 31, 2026 | Apr 7, 2026 | $0.20 |
| Feb 27, 2026 | Mar 5, 2026 | $0.19 |
| Jan 30, 2026 | Feb 5, 2026 | $0.21 |
| Dec 22, 2025 | Dec 29, 2025 | $0.20 |
| Dec 1, 2025 | Dec 5, 2025 | $0.19 |
| Nov 3, 2025 | Nov 7, 2025 | $0.19 |
| Oct 1, 2025 | Oct 7, 2025 | $0.20 |
JMBS Risk
- 6.7%
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.
- 0.07
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.
- −16.6%
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.
- 1.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JMBS Cost
- The middle half of Core Securitized Bond funds
- Median 0.40%
No Core Securitized Bond fund charges less.