JAAA Stock, Janus Henderson AAA CLO Information

Janus Henderson AAA CLO ETF seeks capital preservation and current income by seeking to deliver floating-rate exposure to high quality AAA-rated collateralized loan obligations (CLOs). The Fund pursues its investment objective by investing, under normal circumstances, at least 90% of its net assets (plus anyborrowings made for investment purposes) in CLOs of any maturitythat are rated AAA (or equivalent by a nationally recognizedstatistical rating organization (NRSRO)) at the time of purchase, or if unrated, determined to be of comparable credit quality byJanus Capital. For purposes of the Funds investment policies, CLOs are floating- or fixed-rate debt securities issued in differenttranches, with varying degrees of risk, by a trust or other special purpose vehicle and backed by an underlying portfolio consistingprimarily of below investment grade corporate loans.