# Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution (JCLS) **Source:** https://fundology.uk/fund/jcls · ISIN LU2941599834 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 01/10/2026, JCLS (Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution, ISIN LU2941599834) closed at £10.32 on the London Stock Exchange. Its ongoing charge is 0.26% a year (about £26 on £10,000). Over the year to 01/10/2026 its total return was +1.3%, or −1.9% after UK CPIH inflation. ## Summary Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution is an exchange-traded fund (ETF) from Janus Henderson, launched in 2025. It tracks the J.P. Morgan European CLOIE AAA Index - EUR - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.26% a year — about £26 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: **£10.32** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | JCLS | | ISIN | LU2941599834 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Janus Henderson | | Tracks | J.P. Morgan European CLOIE AAA Index - EUR - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.26% a year (£26 per £10,000) | | Fund size | £24.0m | | Launched | 2025 | | Domicile | Luxembourg | ## Past returns (periods to 01/10/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +1.32% | -1.86% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution in pounds (price only, income paid out not included): 2026 to 01/10/2026 +1.5%. Returns of Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +2.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 01/10/2026 | +1.5% | -1.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 1.56% | -0.87% | ## Largest fall Volatility of Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution in pounds, annualised from weekly returns to 01/10/2026: 1.6% over 1 year. No fall of 2% or more in the price of Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution since March 2025, in pounds, to 01/10/2026. On 01/10/2026 the price of Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution was 0.7% below its highest weekly close since March 2025 (17/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution 0.26% a year, as of 02/10/2026: 164 of the 392 other corporate and other bond funds charge more, 5 the same and 223 less (share classes counted once). ## Funds tracking the same index 5 funds track J.P. Morgan European CLOIE AAA Index - EUR - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.26% to 0.26% a year (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF -EUR Acc- Capitalisation | 0.26% | +1.0% | — | — | | Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution (this fund) | 0.26% | +1.3% | — | — | | Janus Henderson Fund SICAV - Janus Henderson EUR AAA CLO Active Core UCITS ETF-USD Hedged Acc- Capitalisation | 0.26% | +5.5% | — | — | | M&G European AAA CLO UCITS ETF Accum EUR | — | — | — | — | | M&G European AAA CLO UCITS ETF EUR | — | — | — | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.26%** per year - ISA eligible: yes - SIPP eligible: yes ## Questions people ask **What is the ongoing charge of JCLS?** The ongoing charge of JCLS is 0.26% a year — about £26 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 EUR AAA CLO Active Core UCITS ETF-GBP Hedged Dist- Distribution 0.26% a year, as of 02/10/2026: 164 of the 392 other corporate and other bond funds charge more, 5 the same and 223 less (share classes counted once). **What does JCLS track?** JCLS tracks the J.P. Morgan European CLOIE AAA Index - EUR - Benchmark TR Net. **Is JCLS accumulating or distributing?** JCLS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of JCLS?** The ISIN of JCLS is LU2941599834. An ISIN identifies one exact share class of a fund; JCLS is its ticker on the London Stock Exchange. **What were JCLS’s returns in each of the last five years?** Calendar-year returns of JCLS in pounds (price only, income paid out not included): 2026 to 01/10/2026 +1.5%. Past performance is not a guide to future returns. **How has JCLS done after inflation?** Over the year to 01/10/2026 JCLS’s total return was +1.3%, or −1.9% 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.