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- Who we are
- 90 years of investment experience
- Helping over 60 million people
- Environmental, Social and Governance (ESG)
- Diversity, Equity and Inclusion
- Client commitment
For Financial Professionals in the US
Aims to generate high income through exposure to best ideas across the U.S. securitized market
NAV
$51.15
As of02/20/2024
1-Day Change
$0.08(0.16%)
As of02/20/2024
YTD Return
0.24%
As of02/20/2024
ETFs are bought and sold on public exchanges. Please contact your brokerage firm directly to place a trade.
Overview
About This ETF
An ETF investing in high-quality, best ideas across the U.S. Securitized Market. We aim to capitalize on these opportunities through active asset allocation and rigorous yield per unit of risk analysis.
Why Invest in this ETF
Underrepresented opportunities
Offers direct access to the growing and complex securitized market often underrepresented in fixed income benchmarks.
Income diversification
Helps diversify a traditional fixed income portfolio, by potentially reducing credit risk, dampening overall duration, and increasing average credit quality.
Best ideas
Rigorous yield per unit of risk analysis designed to identify best ideas across the securitized opportunity set.
YIELDS (%)
| Distribution Yield at NAV Monthly(As of 02/01/2024) | 5.38% |
| 30-Day SEC Yield - With Waivers (As of 01/31/2024) | 6.86% |
| 30-Day SEC Yield - Without Waivers (As of 01/31/2024) | 6.85% |
| Distribution Frequency | Monthly |
ETF Details
| Inception Date | Nov 8, 2023 |
| Total Net Assets (As of 02/20/2024) | $97.19M |
| Gross Annual Expense Ratio (As of most recent prospectus) | 0.53% |
| Net Annual Expense Ratio (As of most recent prospectus) | 0.50% |
| CUSIP | 47103U746 |
| Morningstar Category(As of 01/31/2024) | Short-Term Bond |
| Intraday Value | JSIIV |
| Exchange | NYSE Arca |
| Primary Benchmark | Bloomberg U.S. Aggregate Bond Index |
Net expense ratios reflect the expense waiver, if any, contractually agreed to through at least February 28, 2025. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.
Creation Unit size is 50,000 shares. Redemption Unit size is 200,000 shares.
Pricing Data (As of Market Close 02/20/2024)
| Closing Market Price | $51.28 |
| Bid/Ask Midpoint | $51.27 |
| Day High | $51.34 |
| Day Low | $51.27 |
| Trading Volume (Shares) | 8,010 |
| Premium/ | 0.23% |
| 30-Day Median Bid/Ask Spread(As of 02/20/2024) | - |
| Shares Outstanding |
PORTFOLIO MANAGEMENT
John Kerschner, CFA
Head of US Securitised Products | Portfolio Manager
Industry since 1990.Joined Firm in 2010.
Nick Childs, CFA
Portfolio Manager
Industry since 2003.Joined Firm in 2017.
Performance
DISTRIBUTION OVERVIEW
| Ex-Date | Record Date | Payable Date | Ordinary Income | Short-Term Capital Gains | Long-Term Capital Gains | Total Distribution |
|---|---|---|---|---|---|---|
| 02/01/2024 | 02/02/2024 | 02/07/2024 | $0.2251140 | $0.0000000 | $0.0000000 | $0.225114 |
| 12/22/2023 | 12/26/2023 | 12/29/2023 | $0.279540 | $0.0000000 | $0.0000000 | $0.279540 |
| 12/01/2023 | 12/04/2023 | 12/07/2023 | $0.1502570 | $0.0000000 | $0.0000000 | $0.150257 |
| View Full History |
Portfolio
Index represents the Bloomberg U.S. Aggregate Bond Index
Top Holdings(As of 02/20/2024)
| % of Fund | |
| Fannie Mae or Freddie Mac|6|03/13/2024, 6.00%, 03/13/24 | 7.82 |
| Janus Henderson AAA CLO ETF | 4.25 |
| Janus Henderson B-BBB CLO ETF | 4.24 |
| Fannie Mae or Freddie Mac|5|03/13/2024, 5.00%, 03/13/24 | 4.08 |
| Fannie Mae or Freddie Mac|5.5|03/13/2024, 5.50%, 03/13/24 | 2.91 |
| Fannie Mae or Freddie Mac|3|03/13/2024, 3.00%, 03/13/24 | 2.39 |
| Fannie Mae or Freddie Mac|4|03/13/2024, 4.00%, 03/13/24 | 2.13 |
| Fannie Mae - CAS|8.89464|10/25/2043, 8.89%, 10/25/43 | 1.85 |
| FREMF 2017-K729 Mortgage Trust|0|11/25/2049, 0.00%, 11/25/49 | 1.83 |
| Cedar Funding XI Clo Ltd|8.3655|05/29/2032, 8.37%, 05/29/32 | 1.59 |
| View full holdings | |
Download
Portfolio Characteristics(As of 02/20/2024)
| Number of Holdings Debt Issues | 174 |
| Portfolio Turnover Rate (1-year trailing) | - |
| Weighted Average Maturity (years) | 4.30 |
| Effective Duration (years) | 3.09 |
| Yield to Worst | 7.90% |
- Sector
- Region
- Maturity
- Credit Quality
| Sector Allocation | % OF FUND | % OF FUND | (As of 02/20/2024) |
| Regional Allocation | % OF FUND | % OF FUND | (As of 02/20/2024) |
| Maturity Breakdown of Fixed Income Holdings | % OF FUND | % OF FUND | (As of 02/20/2024) |
| Credit Quality of Fixed Income Holdings | % OF FUND | % OF FUND | (As of 02/20/2024) |
Documents
Related Insights
Our intellectual capital is readily available and central to our Knowledge Shared approach"
Dec 12, 2023
Busting the bias against US securitized
John Kerschner shares his U.S. securitized outlook, pointing out the biases that he believes keep some investors out of the asset class.
10 min read
Nov 9, 2023
5 reasons to add securitized assets to fixed income portfolios
Securitized sectors might play a key role for bond investors amid a higher interest rate environment.
8 min read
Oct 25, 2023
Global Perspectives: Demystifying securitized fixed income
Dissecting the securitized subset of the fixed income market and where we see the strongest opportunities ahead.
35 min read
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