Janus Henderson files for BBB CLOs ETF in the US

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Janus Henderson has announced it has filed a preliminary registration statement with the SEC for the Janus Henderson B-BBB CLO ETF (JBBB) for US investors.

The ETF, which is expected to be the first ETF focused on providing exposure to B-BBB CLOs, (collateralised loan obligations) will be managed by Portfolio Managers John P. Kerschner, CFA and Nick Childs, CFA.

The launch of JBBB will follow the launch of the Janus Henderson AAA CLO ETF (JAAA) and will provide investors with additional options to gain exposure in this highly specialised and traditionally hard-to-access asset class.

The firm writes that the market for CLOs —structured securities collateralised 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. The firm adds that this announcement is further demonstration of Janus Henderson’s innovative strategy and commitment to growing its offering of actively managed ETFs.

The investment objective of the Fund will be to seek capital preservation and current income by seeking to deliver floating-rate exposure to B-BBB-rated CLOs.

The ticker for the fund will be JBBB, and if all approvals are granted, the Fund is expected to launch on or around December 15, 2021.

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