Janus Henderson Equity Linked Moderate Income ETF (JELM) Stock Price, Quote, News & History | Benzinga

The Fund will pursue its investment objective by providing investors with income distributions. The Fund currently expects to make distributions on a regular basis. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and equity-linked securities (80 percent policy). The Funds equity and equity-linked securities include equity-linked notes (ELNs) and swaps that replicate the payout structure of ELNs (together with ELNs, Equity Linked Instruments), as well as options, futures contracts, total return swaps (each on equities and equity indices), and common stocks. For purposes of the 80% policy, derivative instruments will be valued at their notional value.