Janus Henderson Mortgage-Backed Securities ETF (JMBS)

Overview

The fund is dedicated to achieving its investment objective by focusing primarily on mortgage-related instruments. It operates with a strategy that involves investing at least 80% of its net assets, and often substantially all, in a diversified portfolio of mortgage-related fixed income instruments that vary in maturities. This approach highlights the fund’s commitment to capitalizing on the opportunities within the mortgage market, aiming to provide returns through careful selection and management of mortgage-related securities. Additionally, the utilization of derivatives plays a part in the fund's investment strategy, providing a means to potentially enhance returns or manage risk within the portfolio.

Products and Services

The fund offers a specialized investment opportunity through its focus on mortgage-related instruments and the use of derivatives. Below is a detailed explanation of its primary investment focuses:

• Mortgage-Related Fixed Income Instruments - The core of the fund's investment strategy involves allocating at least 80% of its net assets in mortgage-related fixed income securities. These securities can range in maturities, providing the fund with flexibility in adjusting its portfolio according to market conditions. By investing in these instruments, the fund seeks to benefit from the interest income and potential capital appreciation offered by the mortgage market.
• Derivatives - As part of its strategy, the fund may also invest in derivatives, financial instruments whose value is derived from the value of an underlying asset. Derivatives are used by the fund for various purposes, including hedging against potential losses, enhancing returns, or gaining exposure to certain assets or markets with greater efficiency. This adds an additional layer of complexity to the fund’s investment approach, allowing it to tap into opportunities that may not be directly accessible through traditional securities.