Overview
Mezzanine CLO debt — the B-to-BBB tranches of collateralized loan obligations, actively selected by Janus Henderson's securitized desk.
Top Holdings
| Ticker | Holding | Weight |
|---|
Fund Details
Investment Thesis
Floating-rate 6.3% income that rises with rates instead of falling: CLO mezzanine paid through the hiking cycle while fixed-rate bonds bled. The complexity premium is the yield — JBBB's desk gets paid for credit work most investors can't do themselves.
Who It's For
Yield hunters comfortable with structured credit who want high floating-rate income insulated from duration risk.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | $47.95 | -- |
| 2024 | $49.16 | +2.5% |
| 2025 | $47.70 | -3.0% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | -- |
| 2021 | -- |
| 2022 | -- |
| 2023 | 8.10% |
| 2024 | 7.65% |
| 2025 | 7.41% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | -- | -- |
| 2024 | -- | -- |
| 2025 | $1.5B | -- |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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