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Janus Detroit Street Trust - Janus Henderson AAA CLO ETF (JAAA)
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Upturn Advisory Summary
03/27/2025: JAAA (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 16.86% | Avg. Invested days 152 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 8170855 | Beta 0.07 | 52 Weeks Range 47.71 - 50.73 | Updated Date 03/28/2025 |
52 Weeks Range 47.71 - 50.73 | Updated Date 03/28/2025 |
Upturn AI SWOT
Janus Detroit Street Trust - Janus Henderson AAA CLO ETF
ETF Overview
Overview
The Janus Henderson AAA CLO ETF (JAAA) is an actively managed ETF focusing on investing in senior, AAA-rated collateralized loan obligations (CLOs). It aims to provide current income while maintaining a high credit quality profile by focusing on the safest tranche of CLOs.
Reputation and Reliability
Janus Henderson Investors is a well-established global asset manager with a long history in the investment industry. They are known for their expertise in various asset classes, including fixed income.
Management Expertise
The ETF is managed by a team of experienced fixed-income professionals at Janus Henderson with specific expertise in structured credit products, including CLOs.
Investment Objective
Goal
The primary investment goal of JAAA is to provide current income.
Investment Approach and Strategy
Strategy: JAAA is actively managed, meaning the portfolio managers select the CLOs based on their analysis of credit quality, yield, and market conditions.
Composition The ETF primarily holds AAA-rated CLOs. These are the senior-most tranches of CLOs, offering the highest level of credit protection.
Market Position
Market Share: Data not publicly available regarding the market share.
Total Net Assets (AUM): 4350000000
Competitors
Key Competitors
- Invesco Senior Loan ETF (BKLN)
- VanEck CLO ETF (CLOI)
- XAI Octagon Floating Rate Alternative Income Term Trust (XAI)
Competitive Landscape
The competitive landscape consists of other ETFs focusing on fixed income and/or CLOs. JAAA's competitive advantage lies in its focus exclusively on AAA-rated CLOs, aiming for lower risk. A potential disadvantage is its lower yield compared to ETFs that invest in lower-rated CLO tranches, which carry higher risk but also offer higher potential returns. Data for market share is not available.
Financial Performance
Historical Performance: Historical performance data unavailable in structured format.
Benchmark Comparison: Benchmark data unavailable in structured format.
Expense Ratio: 0.23
Liquidity
Average Trading Volume
JAAA's average trading volume is relatively high, indicating good liquidity.
Bid-Ask Spread
JAAA's bid-ask spread is generally tight, reflecting its liquidity and efficient trading.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate movements, and the overall health of the credit markets significantly impact JAAA. Changes in regulations surrounding CLOs can also affect the ETF.
Growth Trajectory
JAAA's growth depends on investor demand for fixed-income investments and the relative attractiveness of AAA-rated CLOs compared to other fixed-income alternatives. Changes in the fund's strategy or holdings are driven by market conditions and the manager's outlook.
Moat and Competitive Advantages
Competitive Edge
JAAA's competitive edge stems from its strict focus on AAA-rated CLOs, offering a potentially lower-risk profile compared to other CLO ETFs. The fund's active management allows for strategic allocation within the AAA CLO market to optimize returns. Janus Henderson's expertise in structured credit provides a further advantage. The ETF targets investors seeking income with capital preservation, a specific niche within fixed income. Its expense ratio is competitive.
Risk Analysis
Volatility
JAAA's historical volatility is generally lower compared to broader fixed-income markets, due to its focus on AAA-rated CLOs.
Market Risk
Specific risks include credit risk associated with the underlying loans in the CLOs, interest rate risk, and liquidity risk in the CLO market, although AAA-rated CLOs are typically more liquid.
Investor Profile
Ideal Investor Profile
The ideal investor for JAAA is a risk-averse investor seeking current income and capital preservation, such as retirees or those nearing retirement.
Market Risk
JAAA is best suited for long-term investors seeking a stable income stream and willing to accept relatively lower returns in exchange for lower risk.
Summary
The Janus Henderson AAA CLO ETF (JAAA) offers exposure to senior, AAA-rated CLOs through an actively managed strategy. Its primary goal is to provide current income while prioritizing capital preservation. The ETF's focus on the highest-rated CLO tranches makes it a lower-risk option compared to other CLO ETFs. JAAA is suitable for risk-averse investors seeking income with a focus on capital stability and is managed by Janus Henderson, a reputable and reliable firm, with considerable assets under management.
Similar Companies
- CLOI
- SRLN
- BKLN
- XAI
- FLOT
Sources and Disclaimers
Data Sources:
- Janus Henderson Investors Website
- ETF.com
- FactSet
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment involves risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Janus Detroit Street Trust - Janus Henderson AAA CLO ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
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