Janus Henderson Mortgage-Backed Securities ETF
$42.57+0.08 (+0.19%)
- 0.21%
- $6.3B
- −2.2%
- 5.52%
- 0.8M sh
- $42.49
- low $41.93high $46.39
The ETF.net JMBS Grade
A
Score 77 out of 100
- 1 of 10
Score 77 of 100 falls in the A 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.A93 out of 100Rank 1 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 10 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A90 out of 100Rank 1 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F22 out of 100Rank 10 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 2 of 10
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
- 430
- 58%
- UMBS TBA 30yr 2.5% November Delivery, 2.50%, 11/12/26
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.
Not enough history yet.
JMBS$9,784
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.
| Period | JMBS |
|---|---|
| Year to date | −3.3% |
| 1 month | −1.7% |
| 3 months | −3.7% |
| 1 year | −2.2% |
| 3 years | +5.2% |
| 5 years | 0.0% |
| 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 | JMBS |
|---|---|---|
| 2026 YTD | −3.3% | |
| 2025 | +8.8% | |
| 2024 | +1.5% | |
| 2023 | +5.7% | |
| 2022 | −11.4% | |
| 2021 | −0.3% | |
| 2020 | +5.8% |
JMBS in the news
JMBS Dividends
- 5.52%
- $2.35
- $0.20 per share
- Monthly
Distribution history
JMBS Risk
- 6.9%
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.
- 0.03
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.
- −16.5%
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
0.21%
JMBS0.21%
- The middle half of Core Securitized Bond funds
- Median 0.40%
No Core Securitized Bond fund charges less.
Other funds in Core Securitized Bond
- AJPLDJPMorgan Limited Duration Bond ETFExpense ratio 0.30%1 year return +2.2%
- BFSECFIDELITY INVESTMENT GRADE SECURITIZED ETFExpense ratio 0.36%1 year return −1.2%
- BJHMBJohn Hancock Investments - Mortgage-Backed Securities ETFExpense ratio 0.39%1 year return −1.7%
- BSECRNYLI MacKay Securitized Income ETFExpense ratio 0.40%1 year return −2.0%
- CTRBFAngel Oak Total Return ETFExpense ratio 0.59%1 year return −1.9%