Janus Henderson Investors announced that its pioneering AAA Collateralized Loan Obligation ETF, Janus Henderson AAA CLO ETF (JAAA), has surpassed $20 billion in assets under management (AUM). And JAAA is the largest CLO ETF as measured by AUM and ranked first in year-to-date net flows for all active ETFs. Janus Henderson’s suite of CLO products also includes JBBB and a European CLO ETF.
Last year, JAAA attracted the most inflows among all actively managed fixed-income ETFs, highlighting its appeal and the growing investor appetite for innovative fixed-income solutions. The Fund’s AUM experienced significant growth, starting last year at $5.3 billion and soaring to $16.6 billion by year end, representing a growth rate of over 200%. Janus Henderson is now the third-largest active fixed-income ETF provider and the eighth-largest active ETF provider.
JAAA was launched in October 2020 as one of the first CLO ETFs in the market. Since then, the fund has continued to significantly expand U.S. investor access to the high-quality floating rate AAA-rated CLO market. This asset class historically was primarily only available to institutional investors and is now available in a liquid, transparent, tax-efficient ETF structure.
Managed by Portfolio Managers John Kerschner, CFA, Nick Childs, CFA, and Jessica Shill, JAAA is an actively managed ETF that invests in sophisticated CLOs and seeks high yield without sacrificing quality or extending duration.
Janus Henderson has been at the forefront of active ETF innovation, and it offers several pioneering ETFs. And in Fixed Income, these include JAAA (the largest CLO ETF), JBBB (provides exposure to floating-rate CLOs generally rated BBB), JSI (invests in opportunities across the U.S. securitized markets), JMBS (an actively managed mortgage-backed securities ETF), VNLA (an active global short duration income ETF), JLQD (a corporate bond ETF), and JEMB (an emerging markets debt hard currency ETF). In Equities, Janus Henderson’s active ETFs include the recently launched JXX (the first fundamental active equity ETF from the firm’s Denver-based Equities team), JMID (a Mid Cap Growth Alpha ETF), and JRE (a U.S. real estate ETF), and others.
KEY QUOTES:
“We are pleased to reach this $20 billion milestone in less than five years and are encouraged by the continued interest in our CLO ETFs across retail, intermediary, and institutional clients. JAAA has demonstrated its benefits including diversification, attractive floating-rate yield, high credit quality, and liquidity through various market events, which have helped contribute to the growth of the asset class.”
- John Kerschner, Head of U.S. Securitized Products and Portfolio Manager at Janus Henderson
“The continued growth of JAAA demonstrates clearly that innovative solutions that address client needs will always be the core of any successful product offering. JAAA has enabled the addition of this important asset class to a whole range of portfolios which historically were unable to benefit from the compelling attributes of CLO allocations in a robust fixed income portfolio.”
- Nick Cherney, Head of Innovation at Janus Henderson
“We are grateful to our clients and their clients who have placed their confidence and trust in us to manage their capital. We believe investors should maintain diversification within their fixed income portfolios throughout the interest rate cycle. Therefore, in our view, an allocation to short duration fixed income remains highly relevant in the current environment, particularly considering how attractive short-term yields are.”
- Michael Schweitzer, Head of North America Client Group
