The Obesity ETF
SLIM
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- IPO Date
- Jun 8, 2016
- CIK
- 0001500604
- Similar Companies
- Business
- The Obesity ETF (NASDAQ:SLIM), issued by Janus Detroit Street Trust and managed by Janus Henderson Investors, seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive Obesity Index. The fund invests at least 80% of its net assets in stocks comprising the index, which tracks companies globally positioned to profit from addressing obesity and related diseases; this includes biotechnology, pharmaceutical, health care, and medical device firms focused on obesity treatments, as well as providers of weight loss programs, supplements, and plus-sized apparel. It offers exposure to a non-diversified portfolio concentrated in the health care sector, with top holdings typically featuring major players like Novo Nordisk and DexCom, targeting institutional and retail investors interested in thematic equity strategies related to the global obesity epidemic. Janus Detroit Street Trust serves as the statutory trust structure for multiple Janus Henderson ETFs, including SLIM, with fund management led by professionals such as Benjamin Wang and Scott M. Weiner. The ETF, which holds approximately $13.68 million in assets under management as of recent data, operates with a net expense ratio of 0.50% and trades on the NASDAQ exchange. It maintains global geographic operations through its underlying holdings spanning developed and emerging markets, primarily in North America, Europe, and Asia. Launched on June 8, 2016, the ETF was part of an initial suite of thematic products introduced by Janus Capital Management (predecessor to Janus Henderson), headquartered in Denver, Colorado, with additional key operations in London and other global financial centers. In recent years, Janus Henderson has pursued strategic expansions in the ETF space, including the 2024 acquisition of Tabula Investment Management, a European ETF provider specializing in fixed income and sustainable strategies, to enhance its active ETF offerings and global distribution platform. This move builds on the firm's position as the fourth-largest global provider of active fixed income ETFs and supports broader ETF innovation amid rising client demand for UCITS wrappers outside the U.S.