Janus Henderson B-BBB CLO ETF (JBBB)
Janus Henderson B-BBB CLO ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Denver, CO, US. The stock last traded at $47.36, up 0.00% on the session, giving a market capitalisation of $1.42B. Its beta of 0.10 implies it has historically moved less than the broad market.
JBBB seeks to provide capital preservation and current income by investing in floating-rate collateralized loan obligations (CLOs) of any maturity. The fund will primarily be composed of CLOs rated between BBB+ and B-, with up to 15% in below investment grade (BB+ or lower) loans, and up to 10% in CLOs (or ETFs which provide exposure to CLOs) rated above BBB+. It is important to note this funds specific credit range, as it will increase credit risk and liquidity risk relative to more senior CLO tranches. JBBB will generally invest in USD denominated CLOs, but may invest up to 30% in those denominated in foreign currencies. The portfolio managers have full discretion with regards to the daily management of the fund, and will utilize a bottom-up approach in selecting securities to buy and sell. The fund also limits each CLO to 5% of the fund, and will hedge any foreign currency exposure.
Janus Henderson B-BBB CLO ETF is most often compared with the following Financial Services names: