# Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation (JAAT)

**Page:** https://fundology.uk/fund/jaat · ISIN LU2994520851

## 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, JAAT (Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation, ISIN LU2994520851) closed at £8.21 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 +5.7%, or +1.9% after UK CPIH inflation.

## Summary

Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£8.21** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JAAT |
| ISIN | LU2994520851 |
| Also listed as | JAAA (London Stock Exchange, US dollars) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Janus Henderson Tabula |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £328m |
| Launched | 2025 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 26/03/2025 |

## 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 | +5.65% | +1.91% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +6.2%. Returns of Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | +6.2% | +2.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.29% | -3.69% |

## Largest fall

Volatility of Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 5.3% over 1 year. Largest fall in the price of Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation since May 2025, in pounds: −3.7% from 21/11/2025 to 30/01/2026. On 13/11/2026 the price of Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation was at its highest weekly close since May 2025, in pounds.

## Charges compared with similar funds

Ongoing charge of Janus Henderson USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation 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 04/11/2026)
- 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 JAAT?**

The ongoing charge of JAAT 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 USD AAA CLO Active Core UCITS ETF -USD ACC- Capitalisation 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 JAAT accumulating or distributing?**

JAAT is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of JAAT?**

The ISIN of JAAT is LU2994520851. An ISIN identifies one exact share class of a fund; JAAT is its ticker on the London Stock Exchange. The same share class is also listed as JAAA (London Stock Exchange, US dollars).

**What were JAAT’s returns in each of the last five years?**

Calendar-year returns of JAAT in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +6.2%. Past performance is not a guide to future returns.

**How has JAAT done after inflation?**

Over the year to 13/11/2026 JAAT’s total return was +5.7%, or +1.9% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.