Janus Henderson Mortgage-Backed Securities ETF
JMBS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 151 Detroit Street Denver CO United States of America 80206
- IPO Date
- Sep 13, 2018
- CIK
- 0001500604
- Website
- janushenderson.com
- Similar Companies
- Business
- Janus Henderson Mortgage-Backed Securities ETF (JMBS) is an actively managed exchange-traded fund that seeks high levels of total return consisting of both income and capital appreciation through investment primarily in U.S. dollar-denominated investment grade mortgage-related fixed income securities; these include agency mortgage-backed securities (MBS) issued by the Government National Mortgage Association (Ginnie Mae), Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Mortgage Corporation (Freddie Mac), as well as limited allocations to non-agency MBS for yield enhancement and diversification. The fund employs a fundamental loan-level analysis combined with quantitative modeling to identify mispriced assets exhibiting attractive borrower behavior, while actively balancing allocations to minimize risk exposure and outperform benchmarks such as the Bloomberg U.S. Mortgage Backed Securities Index and Bloomberg U.S. Aggregate Bond Index. JMBS maintains at least 80% of its net assets in such mortgage-related instruments of varying maturities, offering investors income generation with low correlation to equities and corporate credit, alongside the liquidity, transparency, and cost efficiencies inherent to the ETF structure. Launched on September 12, 2018, and domiciled in the United States as part of Janus Detroit Street Trust, the ETF is managed by Janus Henderson Investors US LLC, with headquarters in Denver, Colorado, and operates within the broader securitized fixed income segment targeting institutional and retail investors seeking intermediate-term government bond exposure. Recent developments include the May 2025 launch of the UCITS-compliant Janus Henderson USD Mortgage-Backed Securities Active Core UCITS ETF (ticker: JMBS LN, ISIN: IE000YMBL844), listed on the London Stock Exchange and available across major European markets, extending the strategy's active MBS approach to non-U.S. investors under the management of the same core team—John Kerschner, Nick Childs, and Thomas Polus—who oversee over $15 billion in MBS assets as part of Janus Henderson's $44.6 billion securitized platform. In April 2025, Janus Henderson entered a multifaceted strategic partnership with Guardian Capital Group, under which Janus Henderson assumed management of Guardian's $45 billion investment grade public fixed income portfolio and received up to $400 million in seed capital to accelerate innovation in active fixed income ETFs, including JMBS, recognized as the largest actively managed MBS ETF; this alliance also involved Guardian acquiring equity warrants to foster mutual growth. Additional enhancements encompass the elimination of Rule 12b-1 fees and sales charges on Class A shares effective March 1, 2025, alongside a tax-free reorganization to optimize the ETF structure for improved cost efficiency and risk management through daily NAV transparency. The fund, with total net assets exceeding $6 billion, continues to emphasize high-quality agency MBS while allowing up to 10% non-agency exposure in the UCITS variant.