Janus Henderson Expands Securitised Offering with Global Investment Grade CLO UCITS launch

The fund is managed by John Kerschner, Global Head of Securitised Products, alongside Denis Struc, Ian Bettney and Jessica Shill, portfolio managers on the Securitised team. Based across Europe and the US, the team has a successful, long-standing track record in CLO investing, managing $34.6 billion¹ in CLO assets globally. They leverage the expertise of the firm’s securitised and loans specialists.

The Janus Henderson Global IG CLO Active Core offers floating rate exposure to investment-grade CLOs rated AAA to BBB-, primarily targeting BBB-rated securities for enhanced income potential. It aims to deliver long-term returns through income and capital growth and can invest between European and US CLOs depending on relative value.

The fund will provide access to the sizable and growing investment-grade CLO market, with approximately $545 billion of US and European CLOs meeting EU regulatory requirements².

“Global investment-grade CLOs offer a compelling combination of income, credit quality, and diversification,” said John Kerschner, Global Head of Securitized Products at Janus Henderson, “They typically provide higher yields than similarly rated fixed income instruments and have historically demonstrated strong resilience, with no defaults recorded for US or European BBB tranches issued since 2010³. Over the past decade, BBB CLOs have delivered stronger performance than high-yield bonds and loans, supported by lower idiosyncratic risk.

As a global leader in CLOs, we believe our rigorous due diligence and portfolio construction process can provide competitive risk-adjusted returns”.

“We are thrilled to expand the range of CLO UCITS products available to investors,” said Ignacio De La Maza, Head of EMEA & LatAm Client Group at Janus Henderson. “The portfolio managers on the fund bring more than 20 years of experience in CLO investing and our proprietary tools and systems provide a degree of visibility into CLO collateral and relative value that market data vendors cannot match. We believe investment-grade CLOs with their floating-rate structure, low volatility, and low correlation to traditional markets, represent an attractive option for clients seeking diversification.”

Janus Henderson has significant experience in securitised investing globally, with a specialised team of ten portfolio managers and eleven dedicated securitised analysts. Together, they manage assets totalling over $65 billion⁴, with CLOs representing more than half of the firm’s securitised assets.

^{Waystone Investment Management (IE) Limited is the European investment distributor and is authorised in Ireland as an investment firm under the Markets in Financial Instruments Directive. Waystone Investment Management (IE) Limited is regulated by the Central Bank of Ireland and acts as a distributor in the European Union under reference number C1011. Waystone Investment Management (IE) Limited does not provide investment advice on an independent basis. For further details please contact IR@tabulagroup.com} 

^{Not for onward distribution. This is a marketing communication. It is not investment advice and is not an offer to sell or solicitation of an offer to buy any investment. This document is for Professional Clients (as defined by the FCA or MiFID Rules) and Qualified Investors only and should not be relied upon by any other persons. It is not for persons who are resident in the United States, Canada or any province or territory thereof. You should satisfy yourself as to the full observance of the laws of any country that might be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any investment. Janus Henderson Investors has not considered the suitability of any investment against your individual needs and risk tolerance.}

^{Janus Henderson Tabula Fund is an open-ended investment company organised as a société anonyme under the laws of the Grand Duchy of Luxembourg and qualifies as a SICAV. The Company was incorporated in Luxembourg on 2 December 2024 pursuant to the Luxembourg laws of 10 August 1915 on commercial companies (as amended) and is qualified as an undertaking for collective investment in transferable securities under Part I of the Luxembourg law of 17 December 2010 relating to undertakings for collective investment, as amended.}

^{No provider of information presented here, including index and ratings information, is liable for damages or losses arising from use of their information or for any losses relating to the accuracy, or completeness of such information. No warranty of accuracy is given and no liability in respect of any error or omission is accepted. The information in this document, especially as regards portfolio construction and parameter, may be changed without further notice and should not be relied on for investment decisions. Past performance does not predict future returns and should not be the sole factor of consideration when selecting a product. The price of the investments may go up or down and the investor you may not get back the amount invested. Your income is not fixed and may fluctuate. The value of investments involving exposure to foreign currencies can be affected by exchange rate movements. We remind you that the levels and bases of, and reliefs from, taxation may change. In respect of the products mentioned this document is intended for information purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy the securities described within.}

^{The Fund has appointed a Swiss representative Waystone Services (Switzerland) SA, Av. Villamont 17, 1005 Lausanne, Switzerland, Tel: +41 21 311 17 77, email: switzerland@waystone.com. The Fund’s Swiss paying agent is Banque Cantonale de Genève. The Prospectus, the Key Investor Information Documents, the Instrument of Incorporation as well as the annual and semi-annual reports may be obtained free of charge from the Swiss Representative in Lausanne. In respect of the Shares distributed in or from Switzerland, the place of performance and jurisdiction is at the registered office of the Swiss Representative. The issue and redemption prices are published at each issue and redemption on www.swissfunddata.ch. Janus Henderson Tabula Fund is a foreign collective investment scheme registered in Spain with the CMNV under number 2302. Issued by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Henderson Investors International Limited (reg no. 3594615), Janus Henderson Investors UK Limited (reg. no. 906355), Janus Henderson Fund Management UK Limited (reg. no. 2678531), Tabula Investment Management Limited (reg. no. 11286661), (each registered in England and Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial Conduct Authority) and Janus Henderson Investors Europe S.A. (reg no. B22848 at 78, Avenue de la Liberté, L-1930 Luxembourg, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier). Janus Henderson® and any other trademarks used herein are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.}

^{1 Source: Janus Henderson Investors, as at 30 September 2025.}

^{2 Source: Janus Henderson Investors, JP Morgan CLO Factbook, as at 30 September 2025.}

^{3 Source: S&P.}

^{4 Source: Janus Henderson Investors, as at 30 September 2025.}