Janus Henderson Launches B-BBB CLO Exchange Traded Fund to U.S. Investors (JBBB)

DENVER–(BUSINESS WIRE)–Janus Henderson Group plc (NYSE/ASX: JHG) today announced it has launched the Janus Henderson B-BBB CLO ETF (JBBB) for U.S. investors.

The exchange-traded fund (ETF), which is the first ETF focused on providing exposure to B-BBB-rated Collateralized Loan Obligations (CLOs), will be managed by Portfolio Managers John P. Kerschner, CFA and Nick Childs, CFA. Jessica Shill will serve as Associate Portfolio Manager. The ticker for the fund is JBBB.

The launch of JBBB follows the pioneering launch of the Janus Henderson AAA CLO ETF (JAAA), and provides investors with additional options to gain exposure in this highly specialized and traditionally hard-to-access asset class.

“JBBB provides exposure to the floating rate CLO market in a liquid, transparent manner,” said John Kerschner, Portfolio Manager at Janus Henderson Investors. “We believe our rigorous due diligence and portfolio construction process can provide competitive risk-adjusted returns and low correlation to traditional fixed income asset classes.”

The market for CLOs—structured securities collateralized predominantly by broadly syndicated, below-investment grade corporate loans—has grown dramatically in size and liquidity over the last few years, as investors seek floating rate exposure. This announcement is further demonstration of Janus Henderson’s innovative strategy and commitment to growing its offering of actively managed ETFs.

“The client reception for our pioneering launch of JAAA has been strong, and investors are looking for additional tools to manage the duration and income puzzle of the current market environment,” said Nick Cherney, Head of Exchange Traded Products. “JBBB will allow investors the potential to access yield while keeping exposure to floating rates and the unique structural profile of CLOs.”

Notes to editors

Janus Henderson Group (JHG) is a leading global active asset manager dedicated to helping investors achieve long-term financial goals through a broad range of investment solutions, including equities, fixed income, quantitative equities, multi-asset and alternative asset class strategies.

At 30 September 2021, Janus Henderson had approximately US$419 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).

Past performance is no guarantee of future results. There is no assurance the stated objective(s) will be met.

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus Henderson at 800.668.0434 or download the file from janushenderson.com/info. Read it carefully before you invest or send money.

OBJECTIVE: Janus Henderson B-BBB CLO ETF (JBBB) seeks capital preservation and current income by seeking to deliver floating-rate exposure to collateralized loan obligations (“CLOs”) generally rated between and inclusive of BBB+ and B-.

Investing involves risk, including the possible loss of principal and fluctuation of value.

Collateralized Loan Obligations (CLOs) are debt securities issued in different tranches, with varying degrees of risk, and backed by an underlying portfolio consisting primarily of below investment grade corporate loans. The return of principal is not guaranteed, and prices may decline if payments are not made timely or credit strength weakens. CLOs are subject to liquidity risk, interest rate risk, credit risk, call risk and the risk of default of the underlying assets.

Concentrated investments in a single sector, industry or region will be more susceptible to factors affecting that group and may be more volatile than less concentrated investments or the market as a whole.

Derivatives can be more volatile and sensitive to economic or market changes than other investments, which could result in losses exceeding the original investment and magnified by leverage.

Actively managed portfolios may fail to produce the intended results. No investment strategy can ensure a profit or eliminate the risk of loss.

Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Ratings may differ by rating agency.

Janus Henderson Investors US LLC is the investment adviser and ALPS Distributors, Inc. is the distributor. ALPS is not affiliated with Janus Henderson or any of its subsidiaries.

Janus Henderson is a trademark of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.


Janus Henderson Investors


Sarah Johnson, Director of Corporate Communications and Media Relations, North America
+1 720-364-0708

Investor Relations:

Jim Kurtz, Co-Head Investor Relations (US)

Melanie Horton, Co-Head Investor Relations (Non-US)
+44 (0)20 7818 2905

Published on January 12, 2022

Share this Article