Company Announcements

• Janus Henderson expands its leading securitized ETF franchise and suite of CLO ETFs with new fund investing in AA to A rated CLOs
• New fund complements Janus Henderson’s prominent JAAA and JBBB ETFs
• JA launches with $100 million in seed capital from Guardian

DENVER--(BUSINESS WIRE)--Feb. 19, 2026-- Janus Henderson Investors (NYSE: JHG) today announced it has launched the Janus Henderson AA-A CLO ETF (NYSE: JA), as the firm continues to expand its lineup of active fixed income ETFs in the securitized space. The Fund has secured $100 million in seed capital from The Guardian Life Insurance Company of America^® ("Guardian"), as part of Guardian and Janus Henderson’s previously announced multifaceted, strategic partnership.

JA is intended to provide access to high-quality AA to A rated CLOs, with broad diversification benefits based on historically low daily volatility and low correlation to traditional fixed income markets. The Fund is an expansion of the firm’s successful CLO ETF franchise and leadership in the space globally.

The Fund will be managed by long-tenured Portfolio Managers John Kerschner, CFA and Nick Childs, CFA, who bring decades of expertise within securitized markets and track records managing securitized ETFs together, including the successful JAAA, JBBB, JMBS, JABS, and JSI ETFs. Jessica Shill, who is also a portfolio manager on JAAA and JBBB, will also join the portfolio management team on JA.

The launch of JA enhances Janus Henderson’s suite of CLO products by offering a fund aiming to invest in products with a credit rating between the firm’s JAAA and JBBB ETFs. The profile of A-rated CLOs fits in between that of AAA and BBB, both from a potential return perspective and a risk perspective. For context, as of January 30, 2026, yield to worst was 5.1% for A-rated CLOs, between the 4.5% of AAA and 6.2% of BBB CLOs.¹

“Securitized markets are proving to be a bright spot for investors right now—offering competitive yields and diversification. JA seeks to allow investors to position portfolios for resilience and growth in an evolving economic landscape. Given the strong demand for Janus Henderson’s leading CLO ETFs, we’re excited to offer clients access to another segment of the CLO market,” said John Kerschner, Global Head of Securitized Products and Portfolio Manager at Janus Henderson.

Janus Henderson has been at the forefront of active ETF innovation and offers a number of pioneering ETFs. This launch comes on the heels of the ten-year anniversary of Janus Henderson’s ETF business and the founding of the Janus Detroit Street Trust, the investment trust holding the firm’s ETF suite which has grown to nearly $38 billion in AUM as of December 31, 2025, across 15 active ETFs.

Janus Henderson’s active securitized ETF suite of products includes JAAA, the largest CLO ETF, JBBB, which provides exposure to floating-rate CLOs generally rated BBB, JMBS, the largest actively managed mortgage-backed securities ETF, JABS, which offers access to investment grade asset-backed securities, and JSI, which invests in opportunities across the U.S. securitized markets.² The firm is the third largest active fixed income ETF provider globally³ and has approximately $65 billion in firmwide securitized assets.⁴

A full list of Janus Henderson ETFs can be accessed here.

¹Source: JPMorgan
²Source: Morningstar Asset Flows based on U.S. markets as December 31, 2025, and Janus Henderson analysis
³Source: Bloomberg as of December 31, 2025 based on global markets (taxable and municipal)
⁴As of December 31, 2025

Notes to editors

About Janus Henderson

Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through insights, disciplined investments, and world-class service. As of December 31, 2025, Janus Henderson had approximately US$493 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. The firm helps millions of people globally invest in a brighter future together. Headquartered in London, Janus Henderson is listed on the New York Stock Exchange.

Source: Janus Henderson Group plc

Please consider the charges, risks, expenses, and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus Henderson at 800.668.0434 or download the file from janushenderson.com/info. Read it carefully before you invest or send money.

Past performance is no guarantee of future results.

OBJECTIVE: Janus Henderson AA-A CLO ETF seeks capital preservation and current income.

Investing involves risk, including the possible loss of principal and fluctuation of value. There is no assurance the stated objective(s) will be met.

Collateralized Loan Obligations (CLOs) are debt securities issued in different tranches, with varying degrees of risk, and backed by an underlying portfolio consisting primarily of below investment grade corporate loans. The return of principal is not guaranteed, and prices may decline if payments are not made timely or credit strength weakens. CLOs are subject to liquidity risk, interest rate risk, credit risk, call risk and the risk of default of the underlying assets.

Derivatives can be more volatile and sensitive to economic or market changes than other investments, which could result in losses exceeding the original investment and magnified by leverage.

Concentrated investments in a single sector, industry or region will be more susceptible to factors affecting that group and may be more volatile than less concentrated investments or the market as a whole.

Actively managed portfolios may fail to produce the intended results. No investment strategy can ensure a profit or eliminate the risk of loss.

Yield to worst (YTW) is the lowest yield a bond can achieve provided the issuer does not default and accounts for any applicable call feature (ie, the issuer can call the bond back at a date specified in advance). At a portfolio level, this statistic represents the weighted average YTW for all the underlying issues.

ETFs distributed by ALPS Distributors, Inc. ALPS is not affiliated with Janus Henderson or any of its subsidiaries.

Janus Henderson® and any other trademarks used herein are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

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Source: Janus Henderson Investors