JAAA - JAAA: The Train Already Left The Station

2024-05-28 05:17:07 ET

Summary

• Janus Henderson AAA CLO ETF offers exposure to high-quality Collateralized Loan Obligation debt instruments with a focus on triple-A rated quality.
• JAAA provides a high level of dividend income, making it attractive for income-focused investors, particularly those nearing or at retirement age.
• The risk profile of JAAA is low, with a majority of holdings rated AAA and a low historical default rate. However, the fund's performance may be affected by changes in interest rates.

Overview

I've covered some other Collateralized Loan Obligation funds here, but they've usually had a focus on below investment grade credit quality in order to provide double-digit yields. Janus Henderson AAA CLO ETF ( JAAA ) takes a different approach by providing exposure to the CLO space while simultaneously offering exposure to these debt instruments that have a majority of focus on triple-A rated quality. The primary objective of JAAA is to provide high-quality CLO exposure and to deliver risk-adjusted returns that are comparable to traditional fixed income assets while having a lower level of volatility....

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