Janus Henderson AA-A CLO ETF (JA)

Janus Henderson AA-A CLO ETF is an actively managed fixed income fund from Janus Henderson Investors that invests in collateralized loan obligations. CLOs are securitized pools of senior secured corporate loans divided into tranches with different levels of credit priority.

This fund concentrates on CLO tranches rated in the AA to A range, which sit below the most senior AAA layer and offer higher yields in exchange for somewhat more credit risk. CLO debt typically pays floating-rate coupons, so its income adjusts with short-term interest rates. The fund draws on the securitized credit team that also runs Janus Henderson's other CLO ETFs.