Janus Henderson has further expanded its active fixed income ETF with a securitized income offering that covers a wide swath of the U.S. investable securitized market.
The Janus Henderson Securitized Income ETF (JSI) launched this week and aims to provide exposure across a variety of securitized strategies including ABS, CMBS, CLOs, mortgage credit, agency MBS and more, officials said. The fund will be managed by Portfolio Managers John Kerschner and Nick Childs.
“We believe securitized credit offers some of the most compelling yields available in the fixed income market with minimal interest rate risk,” said John Kerschner, head of U.S. Securitized Products and portfolio manager on the fund at Janus Henderson. “Investors are generally underexposed to securitized credit and JSI offers direct exposure to key areas of the securitized markets that investors otherwise wouldn’t have the ability to access.”
JSI will complement Janus Henderson’s suite of actively managed fixed income ETFs, including the Janus Henderson AAA CLO ETF (JAAA), which offers floating rate exposure to CLOs primarily rated AAA that totals $4 billion in assets. Additionally in the offering line-up is the Janus Henderson Mortgage-Backed Securities ETF (JMBS), which invests primarily in high-quality agency mortgage-backed securities and has $2 billion in assets, the global Janus Henderson Short Duration Income ETF (VNLA), which seeks to deliver returns above cash with low volatility across rate environments, and the Janus Henderson B-BBB CLO ETF (JBBB), which offers floating rate exposure to CLOs primarily rated BBB.
Janus Henderson said it is estimated to be the fifth largest provider of active fixed-income ETFs in the U.S. as ranked by assets under management, that total $9.2 billion as of Nov. 7.