Janus Detroit Street Trust - Janus Henderson U.S. Equity Enhanced Income ETF is an actively managed exchange-traded fund launched on March 24, 2026, and sponsored by Janus Henderson Investors US LLC. The Fund, trading under the ticker symbol JUDO, invests principally in dividend-paying equity securities of companies economically tied to the United States across diversified sectors and market capitalizations. It provides investors with actively selected U.S. equity exposure; a portfolio of companies identified through fundamental, bottom-up research for revenue and earnings growth, strong and sustainable cash-flow generation, dividend-growth potential, competitive advantages, and favorable unrecognized intrinsic value; and an opportunistic covered-call writing strategy on selected portfolio holdings intended to generate additional current income and help moderate portfolio risk and volatility. The Fund may invest directly in common stocks and utilize equity options and other derivatives in implementing its income-enhancement strategy, and targets a portfolio generally comprising 50 to 70 holdings. JUDO is benchmarked against the S&P 500 Index, carries a 0.55% net and gross expense ratio, and is offered to financial advisers, institutional investors, and individual investors seeking U.S. equity income with potential long-term capital appreciation. Janus Detroit Street Trust is headquartered at 151 Detroit Street, Denver, Colorado, United States. The Fund’s principal recent development is its March 2026 launch by Janus Henderson, expanding the firm’s active equity ETF and derivative-income offerings; the product is managed by Portfolio Manager Jeremiah Buckley, CFA, and combines dividend-focused U.S. equity selection with tactical covered calls to pursue cash-flow generation while retaining participation in equity-market growth.