# Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution (JAAS) **Page:** https://fundology.uk/fund/jaas · ISIN LU2994521669 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, JAAS (Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution, ISIN LU2994521669) closed at £10.09 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the year to 13/11/2026 its total return was +0.7%, or −2.9% after UK CPIH inflation. ## Summary Janus Henderson Fund SICAV - Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution is an exchange-traded fund (ETF) from Janus Henderson Tabula, launched in 2025. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£10.09** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | JAAS | | ISIN | LU2994521669 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Janus Henderson Tabula | | Income | Distributing | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £16.2m | | Launched | 2025 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/06/2025 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +0.66% | -2.90% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Janus Henderson Fund SICAV - Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution in pounds (price only, income paid out not included): 2026 to 13/11/2026 +0.7%. Returns of Janus Henderson Fund SICAV - Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: 0.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +0.7% | -2.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 2.34% | -1.22% | ## Largest fall Volatility of Janus Henderson Fund SICAV - Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution in pounds, annualised from weekly returns to 13/11/2026: 2.3% over 1 year. No fall of 2% or more in the price of Janus Henderson Fund SICAV - Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution since June 2025, in pounds, to 13/11/2026. On 13/11/2026 the price of Janus Henderson Fund SICAV - Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution was 0.6% below its highest weekly close since June 2025 (19/09/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Janus Henderson Fund SICAV - Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of JAAS?** The ongoing charge of JAAS is 0.25% a year — about £25 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Janus Henderson Fund SICAV - Janus Henderson USD AAA CLO Active Core UCITS ETF GBP Hedged Distribution 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once). **Is JAAS accumulating or distributing?** JAAS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly. **What is the ISIN of JAAS?** The ISIN of JAAS is LU2994521669. An ISIN identifies one exact share class of a fund; JAAS is its ticker on the London Stock Exchange. **What were JAAS’s returns in each of the last five years?** Calendar-year returns of JAAS in pounds (price only, income paid out not included): 2026 to 13/11/2026 +0.7%. Past performance is not a guide to future returns. **How has JAAS done after inflation?** Over the year to 13/11/2026 JAAS’s total return was +0.7%, or −2.9% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.