Get the latest news on Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF stock with updates on market trends, financials, and analysis from Benzinga. Stay informed on JBBB performance

Latest Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF  News | BATS:JBBB | Benzinga

The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in CLOs of any maturity that are rated between and inclusive of BBB+ and B- (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. However, as part of such investment, the Fund will not invest more than 15% of its net assets in CLOs rated below investment grade (BB+ or lower) at the time of purchase by the Fund, or if unrated, determined to be of comparable credit quality by the Adviser. Additionally, no CLO, at the time of purchase by the Fund, will have a rating that is below B- (or equivalent by an NRSRO) or, if unrated, determined to be of comparable credit quality by the Adviser. For purposes of the Funds investment policies, CLOs are floating rate debt securities issued in different tranches, with varying degrees of 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 domestic and foreign senior secured loans, senior unsecured loans and subordinate corporate loans, which may individually be rated below investment grade or the equivalent if unrated. The underlying loans are selected by a CLOs manager.

Janus Detr Henderson Aaa Clo ETF

Janus Henderson B-BBB CLO ETF

Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF

Comments

Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF Stock News

News

Latest Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF News | BATS:JBBB | Benzinga

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga