The Janus Henderson AAA CLO ETF (NYSEARCA:JAAA) has become the default parking spot for cash-plus money in 2026.
Few tickers make a retail investor flinch quite like one built on collateralized loan obligations.
Janus Henderson AAA CLO ETF is rated Sell due to insufficient compensation for material risk of substandard performance over the next few years due to widening credit spreads. JAAA primarily holds AAA-rated Arbitrage CLOs, which lack the monitoring advantages of Balance Sheet CLOs and may be less resilient in adverse markets. Despite low capital loss risk, JAAA's risk/reward profile is less attractive compared to other zero-duration alternatives for short-term capital allocation.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 15,425 | $782,440.02 | $779,810.87 | -$2,629.15 | -0.34% |
| MM Michael Motolo CVS HEALTH Corp | 98,795 | $5M | $4.99M | -$2,469.88 | -0.05% |
| CN Chris Nelson MJP ASSOCIATES Inc. /ADV | 1.14M | $57.92M | $57.78M | -$139,847.29 | -0.24% |
Woodard & Co Asset Management Woodard & Co Asset Management Group Inc. | 6,500 | $329,615 | $328,607.5 | -$1,007.5 | -0.31% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 153,979 | $7.81M | $7.78M | -$26,209.88 | -0.34% |
| ARCA Exchange | US Country |
The company provides specialized investment services, with a focus on maximizing returns for investors by targeting specific segments of the financial market. It achieves this by dedicating a significant portion of its portfolio to collateralized loan obligations (CLOs), predominantly those with the highest credit ratings. The investment approach is grounded in a rigorous assessment of credit quality, opting for investments that are either rated AAA or, in the absence of official ratings, deemed to possess equivalent creditworthiness by the advising team. This strategy underscores the firm's commitment to risk management and capital preservation while seeking to generate competitive returns for its clients.
This product focuses on investments in collateralized loan obligations that hold the highest credit rating (AAA) at the time of purchase. This approach is designed for investors seeking to minimize risk while still participating in the income potential offered by CLOs. The product is characterized by a stringent selection process, ensuring only securities of the highest credit quality are added to the portfolio.
For investors looking to diversify within the CLO space but still maintain a focus on credit quality, this product offers exposure to CLOs with a minimum rating of A- at the time of acquisition. It represents a slightly broader risk profile when compared to the AAA-rated CLO investments, aiming to capture potentially higher yields from securities that still meet a high standard of creditworthiness, as determined by the Adviser.