(JAAA) Janus Detroit Street Trust - Overview
ETF Category: Securitized Bond - Focused | Exchange: NYSE ARCA (USA) | Market Cap: 26.878m USD | Total Return: 4.6% in 12m
Avg Trading Vol: 338M USD
Peers RS (IBD): 21.4
JAAA is an ETF investing primarily in AAA-rated Collateralized Loan Obligations (CLOs). CLOs are structured finance vehicles that pool and manage corporate loans, distributing cash flows to investors in tranches with varying risk and return profiles.
The fund allocates at least 90% of its net assets to AAA-rated CLOs at the time of purchase. AAA is the highest credit rating, indicating minimal credit risk. The remaining assets may be invested in other high-quality CLOs with a minimum rating of A-.
CLOs are a significant component of the securitized credit market, offering investors exposure to corporate debt. Understanding the underlying loan portfolios and the CLOs structure is crucial for assessing risk and return. For further insights into JAAAs holdings and performance, ValueRay offers detailed analytics.
- Interest rate hikes increase CLO yields
- Corporate default rates impact AAA CLO valuations
- Regulatory changes affect CLO market liquidity
- Investor demand for safe income drives inflows
Over the past week, the price has changed by -0.43%, over one month by -0.14%, over three months by +0.32% and over the past year by +4.63%.
| ISSUER | TARGET | UP/DOWN |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |