Janus Henderson AA-A CLO ETF (JA) Stock Price, Quote, News & History | Benzinga

The Fund pursues its investment objective by investing, under normal circumstances, at least 80 percent of its net assets (plus any borrowings made for investment purposes) in collateralized loan obligations (CLOs) of any maturity that are rated between and inclusive of AA+ and A- (or equivalent by a nationally recognized statistical rating organization (NRSRO)) at the time of purchase, or if unrated, determined to be of comparable credit quality by the Adviser. For purposes of the Funds investment policies, CLOs are floating- or fixed-rate debt securities issued in different tranches, with varying degrees of credit risk, by a trust or other special purpose vehicle and backed by an underlying portfolio consisting primarily of below investment grade corporate loans. Such loans may include senior secured loans, senior unsecured loans and subordinate corporate loans, which may individually be rated below investment grade or the equivalent if unrated.