---
ticker: "JMBS"
name: "Janus Henderson Mortgage-Backed Securities ETF"
url: "https://etf.net/etf/JMBS"
grade: "A"
score: 77
graded_at: "2026-10-12"
category: "Core Securitized Bond"
category_rank: "1 of 10"
methodology: "https://etf.net/methodology"
---

# JMBS: Janus Henderson Mortgage-Backed Securities ETF

Grade **A**, Score 77 of 100. Rank 1 of 10 in Core Securitized Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 93 | 1 of 10 |
| Mission | 100 | 1 of 10 |
| Risk | 33 | 10 of 10 |
| Tradability | 90 | 1 of 10 |
| Holdings | 22 | 10 of 10 |
| Durability | 84 | 2 of 10 |

## Top holdings

The fund holds 430 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | UMBS TBA 30yr 2.5% November Delivery, 2.50%, 11/12/26 | 17.29% |
| 2 | — | GNMA II TBA 30yr 2.5% October Delivery, 2.50%, 10/20/26 | 9.06% |
| 3 | — | UMBS TBA 30yr 6.5% November Delivery, 6.50%, 11/12/26 | 4.68% |
| 4 | — | FNMA 30yr Pool#FA5633 4.500% 01-Sep-2053, 4.50%, 09/01/53 | 4.66% |
| 5 | — | UMBS TBA 30yr 4% November Delivery, 4.00%, 11/12/26 | 4.63% |
| 6 | — | UMBS TBA 30yr 3% November Delivery, 3.00%, 11/12/26 | 4.52% |
| 7 | — | UMBS TBA 30yr 2% November Delivery, 2.00%, 11/12/26 | 4.28% |
| 8 | — | UMBS TBA 30yr 6% November Delivery, 6.00%, 11/12/26 | 3.22% |
| 9 | — | FNMA 30yr Pool#FA1943 5.500% 01-May-2055, 5.50%, 05/01/55 | 3.07% |
| 10 | — | GNMA II TBA 30yr 5% October Delivery, 5.00%, 10/20/26 | 2.94% |
| 11 | — | FNMA 30yr Pool#FA6706 6.000% 01-Jun-2056, 6.00%, 06/01/56 | 2.63% |
| 12 | — | GNMA II TBA 30yr 5.5% October Delivery, 5.50%, 10/20/26 | 2.51% |
| 13 | — | GNMA II TBA 30yr 3% October Delivery, 3.00%, 10/20/26 | 2.41% |
| 14 | — | UMBS TBA 30yr 3.5% November Delivery, 3.50%, 11/12/26 | 2.41% |
| 15 | — | FHLMC 30yr Pool#RJ6896 5.500% 01-Jun-2056, 5.50%, 06/01/56 | 2.37% |
| 16 | — | FNMA 30yr Pool#FA5682 5.500% 01-May-2056, 5.50%, 05/01/56 | 2.04% |
| 17 | — | FNMA 30yr Pool#FA5419 4.500% 01-Aug-2053, 4.50%, 08/01/53 | 2.02% |
| 18 | — | Segregated Cash | 1.98% |
| 19 | — | FNMA 30yr Pool#CB9787 5.000% 01-Jan-2055, 5.00%, 01/01/55 | 1.89% |
| 20 | — | FHLMC 30yr Pool#SL6335 6.000% 01-Aug-2056, 6.00%, 08/01/56 | 1.84% |
| 21 | — | GNMA II TBA 30yr 3.5% October Delivery, 3.50%, 10/20/26 | 1.75% |
| 22 | — | GNMA II TBA 30yr 4.5% October Delivery, 4.50%, 10/20/26 | 1.63% |
| 23 | — | FHLMC 30yr Pool#SL6334 6.000% 01-Jun-2056, 6.00%, 06/01/56 | 1.63% |
| 24 | — | FHLMC 30yr Pool#SL3899 5.000% 01-Jan-2056, 5.00%, 01/01/56 | 1.61% |
| 25 | — | FNMA 30yr Pool#FA2754 4.500% 01-Jan-2049, 4.50%, 01/01/49 | 1.60% |
| 26 | — | GNMA II TBA 30yr 4% October Delivery, 4.00%, 10/20/26 | 1.42% |
| 27 | — | FNMA 30yr Pool#FA5549 5.000% 01-Mar-2056, 5.00%, 03/01/56 | 1.38% |
| 28 | — | FNMA 30yr Pool#FA5913 5.500% 01-May-2056, 5.50%, 05/01/56 | 1.27% |
| 29 | — | FNMA 30yr Pool#FA3025 5.500% 01-Sep-2055, 5.50%, 09/01/55 | 1.26% |
| 30 | — | FHLMC 30yr Pool#SL5254 4.500% 01-Sep-2051, 4.50%, 09/01/51 | 1.23% |

Source: etf.net, https://etf.net/etf/JMBS. Please cite the page URL.