Janus Henderson Investors to Offer AAA Collateralized Loan Obligation Exchange Traded Fund to U.S. Investors
July 29 2020 - 8:07AM
Business Wire
Janus Henderson Investors (NYSE/ASX: JHG) today announced it has
filed a preliminary registration statement with the Securities and
Exchange Commission for the Janus Henderson AAA CLO ETF (JAAA) for
U.S. investors.
The Fund will be managed by Portfolio Managers John P.
Kerschner, CFA and Nick Childs, CFA. Jessica Shill will serve as
Assistant Portfolio Manager on the Fund.
The new actively managed exchange-traded fund (ETF) focused on
AAA-rated Collateralized Loan Obligations (“CLOs”) is expected to
be the first of its kind in the industry, demonstrating Janus
Henderson’s innovative strategy.
The investment objective of the Fund will be to seek capital
preservation and current income by seeking to deliver floating-rate
exposure to high quality AAA-rated CLOs.
The ticker for the fund will be JAAA, and if all approvals are
granted, the Fund is expected to launch on or around October 22,
2020.
Notes to editors
About Janus Henderson
Janus Henderson Group 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.
As of June 30, 2020, Janus Henderson had approximately US$337
billion in assets under management, more than 2,000 employees, and
offices in 27 cities worldwide. Headquartered in London, the
company is listed on the New York Stock Exchange (NYSE) and the
Australian Securities Exchange (ASX).
Investing involves risk, including the possible loss of
principal and fluctuation of value. Past performance is no
guarantee of future results. There is no assurance the stated
objective(s) will be met.
The information in the prospectus is not complete and may be
changed. The securities may not be sold until the registration
statement filed with the Securities Exchange Commission is
effective. The prospectus is not an offer to sell these securities
and is not soliciting an offer to buy these securities in any state
where the offer is not permitted.
Please consider the charges, risks, expenses and investment
objectives carefully before investing. A prospectus or, if
available, a summary prospectus will contain this and other
information. You can obtain a copy of the prospectus by calling
Janus Henderson at 800.668.0434. The final prospectus should be
read carefully before investing.
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. As interest rates rise, debt security
values usually fall, and vice versa. Securities with floating or
variable interest rates can be less sensitive to rate changes;
values may decline if their rates do not rise as much as broader
rates and may not increase if broader rates decline.
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.
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.
ETF shares are not individually redeemable and owners of the
shares may acquire those shares from the Fund and tender those
shares for redemption to the Fund in Creation Units only.
Janus Capital Management 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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Press Enquiries Janus Henderson Investors Media:
Sarah Johnson, +1 720-364-0708 sarah.johnson@janushenderson.com
Investor Relations: James Kurtz, 303-336-4529
James.Kurtz@janushenderson.com
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