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Janus Detroit Street Trust - Janus Henderson AAA CLO ETF (JAAA)
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Upturn Advisory Summary
11/03/2025: JAAA (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 14.12% | Avg. Invested days 249 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/03/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.08 | 52 Weeks Range 47.49 - 50.78 | Updated Date 06/29/2025 |
52 Weeks Range 47.49 - 50.78 | Updated Date 06/29/2025 |
Upturn AI SWOT
Janus Detroit Street Trust - Janus Henderson AAA CLO ETF
ETF Overview
Overview
The Janus Henderson AAA CLO ETF (JAAA) seeks to provide current income by investing primarily in U.S. dollar-denominated AAA-rated CLOs. It aims to deliver higher yields than traditional fixed-income investments while managing credit risk through its focus on the highest-rated tranche of CLOs. The fund is actively managed.
Reputation and Reliability
Janus Henderson is a well-established global asset manager with a long track record of managing various investment strategies.
Management Expertise
The fund is managed by experienced portfolio managers specializing in structured credit and fixed-income markets.
Investment Objective
Goal
To provide current income.
Investment Approach and Strategy
Strategy: Actively managed fund focusing on AAA-rated CLOs.
Composition Primarily holds U.S. dollar-denominated AAA-rated collateralized loan obligations (CLOs).
Market Position
Market Share: JAAA holds a significant market share within the AAA CLO ETF market, but it is not the only option available to investors.
Total Net Assets (AUM): 2890000000
Competitors
Key Competitors
- INVESCO Senior Loan ETF (BKLN)
- Oaktree Financial Opportunities ETF (Oakt)
- AXS First Priority CLO Bond ETF (CLOA)
Competitive Landscape
The AAA CLO ETF market has few players where JAAA dominates. JAAA benefits from Janus Hendersonu2019s expertise in fixed income and structured credit. Competitors like BKLN and CLOA have different risk and return profiles, focusing on senior loans or CLOs across different rating bands, which is a disadvantage compared to JAAA. JAAA has an advantage because it focuses on AAA rated debt which has less risk.
Financial Performance
Historical Performance: Historical performance data needs to be obtained from financial data providers.
Benchmark Comparison: Comparison with benchmarks is essential to gauge relative performance.
Expense Ratio: 0.27
Liquidity
Average Trading Volume
The ETF has decent liquidity based on its average daily trading volume.
Bid-Ask Spread
The bid-ask spread represents the cost of trading the ETF, and typically remains low due to its popularity.
Market Dynamics
Market Environment Factors
Economic growth, interest rate movements, and credit market conditions influence the performance of JAAA.
Growth Trajectory
Growth is dependent on investor demand for high-yielding, relatively safe fixed income assets, and CLO market dynamics.
Moat and Competitive Advantages
Competitive Edge
JAAA benefits from Janus Henderson's expertise in structured credit and fixed-income markets. Its focus on AAA-rated CLOs provides a relatively safer profile compared to ETFs investing in lower-rated CLOs or senior loans. This niche focus allows it to attract investors seeking higher yields than traditional fixed income with mitigated credit risk. The active management team enhances the fund's ability to navigate market conditions.
Risk Analysis
Volatility
The ETF's volatility is influenced by interest rate sensitivity and CLO market dynamics.
Market Risk
Specific risks include credit risk (though mitigated by AAA ratings), interest rate risk, and liquidity risk within the CLO market.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking current income, willing to accept moderate interest rate risk, and comfortable with the complexities of CLOs.
Market Risk
It may be suitable for long-term investors or those seeking to enhance portfolio yield with a relatively low-risk fixed income allocation.
Summary
Janus Henderson AAA CLO ETF (JAAA) offers investors exposure to AAA-rated CLOs, seeking to provide current income. It is actively managed by Janus Henderson, a reputable asset manager. While focusing on the highest-rated CLO tranches to reduce credit risk, investors should be aware of interest rate and liquidity risks. JAAA is suitable for income-seeking investors with a moderate risk tolerance and understanding of structured credit products. The ETF has a relatively low expense ratio and competes in the AAA CLO sector with other fixed income and structured product funds.
Similar ETFs
Sources and Disclaimers
Data Sources:
- Janus Henderson Website
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Janus Detroit Street Trust - Janus Henderson AAA CLO ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The advisor pursues the investment objective by investing, under normal circumstances, at least 90% of the fund's net assets in CLOs of any maturity that are rated AAA at the time of purchase, or if unrated, determined to be of comparable credit quality by the Adviser. The fund may invest its remaining assets in other high-quality CLOs with a minimum rating of A-at the time of purchase or if unrated, determined to be of comparable credit quality by the Adviser.
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