Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB) is an actively managed exchange-traded fund that seeks to deliver consistent risk-adjusted returns by investing primarily in a diversified portfolio of emerging markets hard currency bonds, including sovereign, quasi-sovereign, supranational and corporate debt issued by emerging market entities; fixed and floating rate securities; asset-backed securities; mortgage-backed securities; and perpetual bonds. The fund benchmarks against the JP Morgan EMBI Global Core Index, with an opportunity set encompassing both index-eligible and non-eligible bonds, emphasizing country allocation, bottom-up security selection, and active credit risk management through a proprietary forward-looking country ratings model and valuation framework; up to 30% may be allocated to corporate debt, 10% to asset-backed securities, mortgage-backed securities, contingent convertible bonds or distressed securities, and 20% to derivatives such as forward currency contracts, interest rate futures and total return swaps for risk management, with all holdings fully hedged to the U.S. dollar. Launched on August 13, 2024, and domiciled in the United States with total net assets of approximately $425 million as of late 2025, JEMB expands Janus Henderson Investors' active fixed income ETF suite, which includes products like JBBB, JSI, JMBS, VNLA and JLQD, targeting institutional and retail investors seeking exposure to emerging markets debt while mitigating currency risk.