Janus Henderson Mortgage-Backed Securities ETF

Janus Henderson Mortgage-Backed Securities ETF is a fixed income exchange-traded fund designed to provide investors with exposure to the U.S. mortgage-backed securities market. The fund primarily seeks a high level of total return, consisting of income and capital appreciation, by investing at least 80%—and often nearly all—of its assets in a diversified portfolio of mortgage-related fixed income instruments with varying maturities. A central feature of the ETF is its blend of agency mortgage-backed securities, typically issued or guaranteed by government-sponsored enterprises like the Federal National Mortgage Association (Fannie Mae) and Government National Mortgage Association (Ginnie Mae), along with significant flexibility to allocate to non-agency holdings. This approach positions the fund between pure agency-focused and broader mortgage bond strategies. Managed with a bottom-up, loan-level analysis, the ETF plays an important role in the fixed income segment by offering diversified mortgage credit exposure, supporting income generation, and serving as a tool for portfolio diversification within the broader bond market.