Janus Henderson AAA CLO ETF(JAAA · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

JAAA $50.58
Snapshot
$50.58
Pre-market $50.58 +0.00%
52-Week Range
$50.32 – $50.82
YTD
-0.06%
IV Rank (30D)
0
Straddle Price
$10.95
P/C Vol Ratio
3.52
Info

Janus Henderson AAA CLO ETF (JAAA) ETF

Exchange
ARCX
Inception
2020-10-16
Has Options
Yes
ETF Profile
holdings as of 2026-10-31
Holdings
551
AUM
$26.3B
Provider
Nport
Inception
2020-10-16
Exchange
ARCX
Data As Of
2026-10-31
Expense Ratio
Dividend Yield
4.89%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-08-31 2026-09-04 $0.2077 CD
2026-07-31 2026-08-06 $0.1994 CD
2026-06-30 2026-07-07 $0.2004 CD
2026-05-29 2026-06-04 $0.1979 CD
2026-04-30 2026-05-06 $0.2008 CD
2026-03-31 2026-04-07 $0.2024 CD
Asset Allocation
Top Holdings
top 50 of 551 holdings
Symbol Name Weight % Asset Class Country
Janus Henderson Cash Liquidity Fund LLC 2.16% Short-term investment US
OCP CLO Ltd. 1.02% Other US
Octagon Investment Partners 51 Ltd. 1.00% Other US
KKR CLO 35 Ltd. 0.99% Other US
Ares Loan Funding VIII Ltd. 0.93% Other US
Anchorage Capital CLO 16 Ltd. 0.91% Other US
AB BSL CLO 1 Ltd. 0.88% Other US
Neuberger Berman Loan Advisers CLO 40 Ltd. 0.84% Other US
Anchorage Capital CLO 17 Ltd. 0.79% Other US
Balboa Bay Loan Funding Ltd. 0.77% Other US
Magnetite XXXIX Ltd. 0.69% Other US
Carlyle US CLO Ltd. 0.67% Other US
Magnetite XXXII Ltd. 0.67% Other US
Galaxy 35 CLO Ltd. 0.66% Other US
Diameter Capital CLO 9 Ltd. 0.65% Other US
OFSI BSL XV CLO Ltd. 0.65% Other US
Fortress Credit BSL XVIII Ltd. 0.64% Other US
AMMC CLO 26 Ltd. 0.64% Other US
Ballyrock CLO Ltd. 0.63% Other US
CBAMR Ltd. 0.62% Other US
Regatta XVIII Funding Ltd. 0.62% Other US
CIFC Funding Ltd. 0.61% Other US
Ares Loan Funding IX Ltd. 0.59% Other US
OCP Aegis CLO Ltd. 0.58% Other US
Madison Park Funding LXXI Ltd. 0.58% Other US
Sycamore Tree CLO Ltd. 0.57% Other US
Symphony CLO XVIII Ltd. 0.56% Other US
Ocean Trails CLO XIV Ltd. 0.55% Other US
Cedar Funding XIV CLO Ltd. 0.55% Other US
AGL CLO 16 Ltd. 0.55% Other US
Elevation CLO Ltd. 0.55% Other US
Birch Grove CLO 11 Ltd. 0.54% Other US
CIFC Funding Ltd. 0.53% Other US
Barings CLO Ltd. 0.53% Other US
Dryden 76 CLO Ltd. 0.52% Other US
Ballyrock CLO 17 Ltd. 0.52% Other US
1988 CLO 1 Ltd. 0.52% Other US
CIFC Funding 0.52% Other US
Kennedy Lewis CLO 9 Ltd. 0.51% Other US
Voya CLO Ltd. 0.51% Other US
OCP CLO Ltd. 0.51% Other US
ARES Loan Funding II Ltd. 0.50% Other US
Navesink CLO 3 Ltd. 0.50% Other US
Whitebox CLO I Ltd. 0.50% Other US
Regatta XXIII Funding Ltd. 0.49% Other US
Madison Park Funding XXXVIII Ltd. 0.49% Other US
Cedar Funding IV CLO Ltd. 0.48% Other US
Sixth Street CLO XXIII Ltd. 0.48% Other US
Anchorage Capital CLO 15 Ltd. 0.48% Other US
Ares LXX CLO Ltd. 0.48% Other US
Non-Equity Breakdown
Janus Henderson AAA CLO ETF · NPORT-P period 2026-10-31 (filed 2026-03-23)
Net assets: $26.14B · 551 total positions · equity 0.00% · non-equity 100.46%
Non-equity holdings — 551 positions, 100.46% of NAV
Category Weight Value Positions
CBO/CDO (Corporate) 98.30% $25.70B 550
Short-term investment 2.16% $564.5M 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.29% 6
Feb +0.08% 6
Mar -0.02% 6
Apr +0.29% 6
May +0.01% 6
Jun +0.18% 6
Jul +0.47% 6
Aug +0.25% 6
Sep +0.20% 6
Oct +0.31% 5
Nov +0.48% 5
Dec +0.02% 5
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $50.61
SMA 50: $50.59
SMA 200: $50.60
Current: $50.58
EMA 12: $50.59
EMA 26: $50.60
MACD: -0.0061 | Signal: -0.0116
BULLISH
ADX (14): 22.46
WEAK TREND
+DI: 34.49
−DI: 38.53

Momentum Oscillators

RSI (14): 47.29
NEUTRAL
Stoch %K: 21.67
Stoch %D: 14.44
Williams %R: -65.00

Volume & Volatility

BB Upper: $50.72
BB Lower: $50.49
NEUTRAL
OBV: 742,579,975
Vol SMA 20: 6,651,659
Vol ROC: 38.38%
ATR: $0.03
True Range: $0.04
HV 20: 1.5%
HV 30: 1.6%
HV 60: 1.4%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-09-09T00:00:00 – 2026-09-04T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
IV Rank (30D)
0
IV Rank (7D)
72.13
Avg IV
14.8%
Straddle (30D)
$10.95
Straddle (7D)
$1.85
P/C Volume
3.52
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.01
Correlation (SPY)
8.3%
0.01
Ann. Volatility
1.5%
SPY Volatility
12.8%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month