(JBBB) Janus Detroit Street Trust - Ratings and Ratios

The Janus Henderson B-BBB CLO ETF (JBBB) is a fixed-income exchange-traded fund (ETF) designed to provide exposure to collateralized loan obligations (CLOs). The fund adheres to a conservative investment approach, with a maximum of 15% of its net assets allocated to CLOs rated below investment grade (BB+ or lower) at the time of purchase. If a CLO is unrated, the Adviser will assess its credit quality to ensure it aligns with the funds risk parameters. The ETF primarily focuses on U.S. dollar-denominated CLOs, minimizing exposure to foreign currency risks. Additionally, the fund may utilize derivatives, but only for hedging purposes, to mitigate risks associated with its CLO portfolio, such as interest rate fluctuations or credit exposures.

From a technical perspective, JBBB has demonstrated stable price action, with its 20-day, 50-day, and 200-day simple moving averages (SMA) clustered closely around its current price of $47.69. This suggests a lack of strong upward or downward momentum. The Average True Range (ATR) of 0.49 indicates relatively low volatility, making the ETF appealing to investors seeking stability in fixed-income markets. The funds average daily trading volume of 1.2 million shares provides sufficient liquidity for most investors.

Fundamentally, JBBB manages approximately $1.46 billion in assets under management (AUM), indicating a well-established and sizable ETF. As a bank loan ETF, its performance is closely tied to the credit quality of its underlying CLOs and broader economic conditions. The funds focus on higher-quality CLOs positions it to navigate potential credit downturns more effectively than funds with greater exposure to lower-rated securities.