JBBBJanus Henderson B-BBB CLO ETF
JBBB Fund Description
JBBB is an actively managed fund of floating-rate collateralized loan obligations (CLOs) of varying maturities, rated between BBB+ and B- from global issuers.
JBBB Factset Analytics Insight
JBBB seeks to provide capital preservation and current income by investing in floating-rate collateralized loan obligations (CLOs) of any maturity. The fund will primarily be composed of CLOs rated between BBB+ and B-, with up to 15% in below investment grade (BB+ or lower) loans, and up to 10% in CLOs (or ETFs which provide exposure to CLOs) rated above BBB+. It is important to note this fund’s specific credit range, as it will increase credit risk and liquidity risk relative to more senior CLO tranches. JBBB will generally invest in USD denominated CLOs, but may invest up to 30% in those denominated in foreign currencies. The portfolio managers have full discretion with regards to the daily management of the fund, and will utilize a “bottom-up” approach in selecting securities to buy and sell. The fund also limits each CLO to 5% of the fund, and will hedge any foreign currency exposure.
JBBB Summary Data
JBBB Portfolio Data
JBBB Index Data
JBBB Portfolio Management
JBBB Tax Exposures
JBBB Fund Structure
JBBB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of JBBB. JBBB is rated a N/A out of 5.
JBBB Performance Statistics
JBBB Holdings Statistics
JBBB Avg Life Maturity Distribution
JBBB OAS Breakdown
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.