JAAA

Janus Henderson AAA CLO ETF

The largest CLO ETF (~$26B): actively managed, at least 90% in AAA-rated collateralized loan obligation tranches. Floating-rate coupons reset off SOFR, so duration is near zero; monthly distributions. Pioneered retail access to AAA CLOs in 2020.

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Fixed IncomeTER 0.21%Dist.

TER

0.21%

AUM

$26.5B

Holdings

~600

Data Range

— → —

Key Facts

ISIN

US47103U8457

Issuer

Janus Henderson

Benchmark

Actively managed (ref: J.P. Morgan CLO AAA Index)

Total Expense Ratio (TER)

0.21%

Assets Under Management

$26.5B approx.

Inception Date

2020-10-16

Domicile

United States

Legal Structure

Open-End Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Physical (Full Replication)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NYSE Arca

Number of Holdings

~600

Backtest this ETF Official Fund Page

Who Is This ETF For?

✓Portfolio stabilizer and income generator. Reduces overall portfolio volatility when paired with equities.

Key Risks to Consider

• Interest rate risk: bond prices fall when rates rise.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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TIP0.19% TER

iShares TIPS Bond ETF

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SHV0.15% TER

iShares Short Treasury Bond ETF

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Janus Henderson (metadata); research profile — price series pendingLast verified: 2026-08-28

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💬 Frequently Asked Questions

JAAA has a total expense ratio (TER) of 0.21%, which means you pay $21 per year for every $10,000 invested.

Yes, JAAA is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

JAAA is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

JAAA uses full physical replication, meaning it holds all (or nearly all) securities in the Actively managed (ref: J.P. Morgan CLO AAA Index) index directly.