Summary
JSI Chart
JSI: High-Quality MBS ETF, Above-Average Yield, Strong, Short Performance Track-Record
JSI is a diversified bond ETF, focusing on high-quality, short-term securitized assets, including agency and non-agency MBS, and ABS. JSI's more niche securities generate quite a bit more income than most high-quality assets. JSI itself yields 6.2%. The fund's targeted portfolio and active management drive higher yields and outperformance versus major bond index ETFs, despite a short track record.
Why Don't More People Own This $1.4b ETF That Pays Nearly 6%?
The Janus Henderson Securitized Income ETF (NYSEARCA:JSI) offers a 5.7% yield through securitized debt, an income strategy most retail investors overlook.
JSI: Plodding Along, But With A Hick-Up (Rating Downgrade)
Janus Henderson Securitized Income ETF is downgraded to 'Hold' after a recent -1.5% drawdown tied to Tricolor Auto's bankruptcy. JSI's exposure to sub-investment grade securitizations introduces significant credit risk. Current benign credit conditions mask underlying risks; a true recession could trigger larger drawdowns and higher default rates for JSI.
Janus Henderson Securitized Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 210,763 | $11.02M | $10.8M | -$214,919.68 | -1.95% |
| RR rosemary richard WCG Wealth Advisors LLC | 10,512 | $549,462.24 | $538,687.44 | -$10,774.8 | -1.96% |
| RWM Revisor Wealth Management LLC Revisor Wealth Management LLC | 5,832 | $303,874.81 | $298,919.16 | -$4,955.65 | -1.63% |
| MTW Masso Torrence Wealth Management Inc. Masso Torrence Wealth Management Inc. | 64,068 | $3.32M | $3.29M | -$38,543.08 | -1.16% |
| TJL Timothy J. Landolt Endowment Wealth Management Inc. | 41,831 | $2.17M | $2.15M | -$28,458.37 | -1.31% |
Janus Henderson Securitized Income ETF (JSI) FAQ
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Does it pay dividends? What is the current yield?
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Janus Henderson Securitized Income ETF Profile
| ARCA Exchange | US Country |
Overview
The company operates as a fund advisor with a specialized focus on securitized securities. It is committed to achieving its investment objective by allocating at least 80% of its net assets, alongside any borrowings for investment purposes, into a diversified portfolio of securitized securities. This approach underscores the company's strategy to leverage the underlying assets of these securities to generate returns for its investors. The fund is characterized by its non-diversified status, which allows for concentrated investments in this specific asset class, aiming to capitalize on the unique opportunities they present.
Products and Services
- Asset-backed Securities (ABS)
ABS represents a category of securities backed by a pool of assets, typically consisting of receivables such as credit card payments, auto loans, and student loans. These securities allow investors to benefit from the cash flow generated by the underlying assets.
- Collateralized Loan Obligations (CLOs)
CLOs are a form of securitization where payments from multiple middle-market and large corporate loans are pooled together. This structure allows for diversification within the corporate loan space, with investors benefiting from the interest payments generated by these loans.
- Agency and Non-agency Mortgage-backed Securities (MBS)
MBS are created by pooling home loans and selling their cash flows to investors as securities. Agency MBS are backed by government agencies, offering a degree of safety, whereas non-agency MBS are backed by private entities and may offer higher yields albeit with increased risk.
- Collateralized Mortgage Obligations (CMOs)
CMOs are a type of mortgage-backed security in which the cash flows are structured into different tranches with varying levels of risk and return. This allows investors to select tranches that best meet their risk tolerance and investment objectives.
