Janus Henderson Launches B-BBB CLO Exchange Traded Fund to U.S. Investors (JBBB)

Rhea-AI Summary

Janus Henderson Group plc (NYSE: JHG) has launched the Janus Henderson B-BBB CLO ETF (JBBB) targeting U.S. investors. This ETF focuses on B-BBB-rated Collateralized Loan Obligations (CLOs) and follows the successful launch of the Janus Henderson AAA CLO ETF (JAAA). Managed by experienced Portfolio Managers, JBBB aims to provide liquidity and exposure to the floating rate CLO market, catering to investor demand for yield in a challenging rate environment. Janus Henderson's commitment to expanding its ETF offerings underscores its innovative strategy in asset management.

Positive

• Launch of Janus Henderson B-BBB CLO ETF (JBBB) enhances investment options for investors.
• JBBB targets B-BBB-rated CLOs, a growing asset class with increasing liquidity.
• Positive reception for the previous Janus Henderson AAA CLO ETF (JAAA) indicates strong market interest.

Negative

• None.

DENVER--(BUSINESS WIRE)-- Janus Henderson Group plc (NYSE/ASX: JHG) today announced it has launched the Janus Henderson B-BBB CLO ETF (JBBB) for U.S. investors.

The exchange-traded fund (ETF), which is the first ETF focused on providing exposure to B-BBB-rated Collateralized Loan Obligations (CLOs), will be managed by Portfolio Managers John P. Kerschner, CFA and Nick Childs, CFA. Jessica Shill will serve as Associate Portfolio Manager. The ticker for the fund is JBBB.

The launch of JBBB follows the pioneering launch of the Janus Henderson AAA CLO ETF (JAAA), and provides investors with additional options to gain exposure in this highly specialized and traditionally hard-to-access asset class.

“JBBB provides exposure to the floating rate CLO market in a liquid, transparent manner,” said John Kerschner, Portfolio Manager at Janus Henderson Investors. “We believe our rigorous due diligence and portfolio construction process can provide competitive risk-adjusted returns and low correlation to traditional fixed income asset classes.”

The market for CLOs—structured securities collateralized predominantly by broadly syndicated, below-investment grade corporate loans—has grown dramatically in size and liquidity over the last few years, as investors seek floating rate exposure. This announcement is further demonstration of Janus Henderson’s innovative strategy and commitment to growing its offering of actively managed ETFs.

“The client reception for our pioneering launch of JAAA has been strong, and investors are looking for additional tools to manage the duration and income puzzle of the current market environment,” said Nick Cherney, Head of Exchange Traded Products. “JBBB will allow investors the potential to access yield while keeping exposure to floating rates and the unique structural profile of CLOs.”

Notes to editors

Janus Henderson Group (JHG) is a leading global active asset manager dedicated to helping investors achieve long-term financial goals through a broad range of investment solutions, including equities, fixed income, quantitative equities, multi-asset and alternative asset class strategies.

At 30 September 2021, Janus Henderson had approximately US$419 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).

Past performance is no guarantee of future results. There is no assurance the stated objective(s) will be met.

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus Henderson at 800.668.0434 or download the file from janushenderson.com/info. Read it carefully before you invest or send money.

OBJECTIVE: Janus Henderson B-BBB CLO ETF (JBBB) seeks capital preservation and current income by seeking to deliver floating-rate exposure to collateralized loan obligations (“CLOs”) generally rated between and inclusive of BBB+ and B-.

Investing involves risk, including the possible loss of principal and fluctuation of value.

Collateralized Loan Obligations (CLOs) are debt securities issued in different tranches, with varying degrees of risk, and backed by an underlying portfolio consisting primarily of below investment grade corporate loans. The return of principal is not guaranteed, and prices may decline if payments are not made timely or credit strength weakens. CLOs are subject to liquidity risk, interest rate risk, credit risk, call risk and the risk of default of the underlying assets.

Concentrated investments in a single sector, industry or region will be more susceptible to factors affecting that group and may be more volatile than less concentrated investments or the market as a whole.

Derivatives can be more volatile and sensitive to economic or market changes than other investments, which could result in losses exceeding the original investment and magnified by leverage.

Actively managed portfolios may fail to produce the intended results. No investment strategy can ensure a profit or eliminate the risk of loss.

Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Ratings may differ by rating agency.

Janus Henderson Investors US LLC is the investment adviser and ALPS Distributors, Inc. is the distributor. ALPS is not affiliated with Janus Henderson or any of its subsidiaries.

Janus Henderson is a trademark of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

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Janus Henderson Investors

Media:

Sarah Johnson, Director of Corporate Communications and Media Relations, North America

+1 720-364-0708

sarah.johnson@janushenderson.com

Investor Relations:

Jim Kurtz, Co-Head Investor Relations (US)

303-336-4529

Jim.Kurtz@janushenderson.com

Melanie Horton, Co-Head Investor Relations (Non-US)

+44 (0)20 7818 2905

melanie.horton@janushenderson.com

Source: Janus Henderson Group plc

FAQ

What is the Janus Henderson B-BBB CLO ETF (JBBB)?

The Janus Henderson B-BBB CLO ETF (JBBB) is a newly launched ETF providing exposure to B-BBB-rated Collateralized Loan Obligations (CLOs) aimed at U.S. investors.

When was the Janus Henderson B-BBB CLO ETF (JBBB) launched?

The Janus Henderson B-BBB CLO ETF (JBBB) was launched recently by Janus Henderson Group plc.

What are Collateralized Loan Obligations (CLOs)?

CLOs are structured securities backed by a diversified portfolio of below-investment-grade corporate loans, offering varying risk levels.

How does JBBB relate to other Janus Henderson ETFs?

JBBB complements the recently launched Janus Henderson AAA CLO ETF (JAAA), providing more options in the CLO market.

What is the investment objective of the JBBB ETF?

The investment objective of JBBB is to seek capital preservation and current income by offering floating-rate exposure to CLOs rated between BBB+ and B-.