Janus Henderson Sustainable Corporate Bond ETF
Top 10 Holdings
What is SCRD?
The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus anyborrowings for investment purposes) in U.S. dollar denominated corporate bonds and commercial paper of various maturities. Under normal circumstances, no more than 15% of the Fund s net assets will be invested in securities rated below investment grade (sometimes referred to as junk bonds); however, such bonds will have a minimum rating of B- by a Nationally Recognized Statistical Ratings Organization ( NRSRO ) or, if unrated, determined to be of comparable credit quality by Janus Capital. The Fund seeks to invest in debt instruments issued by companies that Janus Capital believes exhibit sustainable business practices. As discussed further below, the portfolio managers seek to select securities that align with certain positive social and environmental themes. In identifying investment opportunities for the Fund, the portfolio managers use a proprietary multi-factor sustainability framework, along with an analysis of fundamental business and credit quality factors, to guide both security selection and overall portfolio composition. The sustainability framework incorporates thematic investing, exclusions, positive tilting, sector- and issuer-level environmental, social and governance factor analysis and issuer engagement considerations as determined by Janus Capital. The Fund may invest up to 20% of itsnet assets in other domestic or foreign debt securities, including U.S. Treasuries, bank loans, and cash and cash alternatives. TheFund may invest up to 10% of its net assets in emerging market issuers. The Fund may invest up to 5% of its assets in asset-backed securities and up to 5% of its assets in non-U.S. dollar denominated securities.
ETFs related toSCRD
ETFs correlated to SCRD include UNIY, PYLD, LQD
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.