ATLASJanus Henderson AAA CLO ETF (JAAA): outlook, holdings and fees
Janus Henderson AAA CLO ETF (JAAA) is an exchange-traded fund and is managed by Janus Henderson. The expense ratio is 0.22% and the yield is 5.36%. The ten largest holdings are 31% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on JAAA
| Last price | $50.49 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 58% |
| Likely 1-month range (50%) | $49.83 – $51.70 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 5.36% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
JAAA fund facts
| Issuer | Janus Henderson |
|---|---|
| Theme | Loans & floating rate |
| Assets under management | $32.3B |
| Expense ratio | 0.22% |
| Number of holdings | 10 |
| Portfolio turnover | 46% |
| Inception | Oct 16, 2020 |
| Exchange | NYSE |
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.
JAAA top holdings
| Holding | Sector | Weight |
|---|---|---|
| OHA Credit Funding 3 Ltd/OHA Credit Funding 3 LLC 0% | – | 4.02% |
| Palmer Square CLO 2018-2 Ltd 0% | – | 4.07% |
| Federated Govt Oblig Tax-Mmk Funds Variable | – | 3.59% |
| Dryden 41 Senior Loan Fund LLC 0% | – | 3.43% |
| Madison Park Funding XVIII Limited 0% | – | 3.23% |
| Sound Point CLO XVII Limited / Sound Point CLO XVII LLC 0% | – | 3.33% |
| CIFC Funding 2014-IV-R LTD / LLC 0% | – | 2.83% |
| CIFC FUNDING 2021-VII LTD 0% | – | 2.30% |
| Shackleton 2017-XI CLO Ltd./LLC 0% | – | 2.30% |
| HPS LOAN MANAGEMENT 2021-16 LTD 0% | – | 2.07% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
JAAA returns and risk
| Year to date | +3.5% |
|---|---|
| 1 year | +4.6% |
| 3 years (annualised) | +6.3% |
| 5 years (annualised) | +4.9% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 0.7% |
| Sharpe ratio (3 years) | 2.22 |
Past returns do not guarantee future results.
JAAA: frequently asked questions
What does JAAA invest in?
Janus Henderson AAA CLO ETF invests in a portfolio of securities. Its largest holdings are OHA Credit Funding 3 Ltd/OHA Credit Funding 3 LLC 0% (4.0%), Palmer Square CLO 2018-2 Ltd 0% (4.1%), Federated Govt Oblig Tax-Mmk Funds Variable (3.6%), Dryden 41 Senior Loan Fund LLC 0% (3.4%), Madison Park Funding XVIII Limited 0% (3.2%).
What is the JAAA expense ratio?
0.22% a year: about $22.00 for every $10,000 invested.
What is the JAAA dividend yield?
5.36%. ATLAS does not hold the exact distribution dates for ETFs.
Will JAAA go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 58%, with a likely range (50%) of $49.83 to $51.70 from $50.49 today. It is a probability, not a prediction.
How has JAAA performed?
Year to date +3.5%, one year +4.6%, three years +6.3% a year, five years +4.9% a year. Past returns do not guarantee future results.
Similar ETFs: Loans & floating rate
Educational information, not investment advice. Disclaimer