Summary
JSI Chart
JSI: Upgrading To Buy As Yields Peak And Rates Risk Asymmetry Shifts Positive
Janus Henderson Securitized Income ETF is upgraded to 'buy' due to a favorable macro and rates environment. JSI's largest allocation is non-agency MBS, benefiting from attractive spreads and a 2.8-year duration profile. The fund's NAV already reflects anticipated Fed hikes, limiting further downside from duration risk.
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 $1.4b ETF That Pays Nearly 6%?
The Janus Henderson Securitized Income ETF (NYSEARCA:JSI) offers a 5.7% yield through securitized debt, an income strategy most retail investors overlook.
Janus Henderson Securitized Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 10,357 | $530,400 | $517,953.55 | -$12,446.45 | -2.35% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 208,735 | $10.91M | $10.44M | -$470,629.05 | -4.31% |
| AVO Anthony Van Ore NOTTINGHAM ADVISORS Inc. | 348,302 | $18.14M | $17.42M | -$724,427.71 | -3.99% |
| KM Kristin Mariani Janus Henderson Group PLC | 121,843 | $6.34M | $6.09M | -$249,778.56 | -3.94% |
| YA Yinka Akinsola Blue Trust Inc. | 409 | $21,010.33 | $20,454.09 | -$556.24 | -2.65% |
Janus Henderson Securitized Income ETF (JSI) FAQ
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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.
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