Janus Henderson Securitized Income ETF Q1 2026 Commentary
Janus Henderson Investors·2026-05-05·via All Articles on Seeking Alpha
Summary
Janus Henderson Securitized Income ETF returned 0.29% and the ICE BofA US ABS & CMBS TR returned 0.48%.
U.S. securitized markets eked out positive returns for the quarter, overcoming a sudden shift in the outlook for inflation and global monetary policy after war in Iran sent oil prices sharply higher.
Asset allocation to CMOs and high-yield bonds contributed, as did security selection within ABS.
Asymmetric downside macro risks cause us to favor high-quality securitized credit, particularly residential mortgage-backed securities and ABS that offer attractive short-duration carry.
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At a glance
Performance
The Fund returned 0.29% and the ICE BofA US ABS & CMBS TR returned 0.48%.
Contributors/detractors
Allocations to collateralized mortgage obligations (CMOs) and security selection among asset-backed securities (ABS) contributed to performance. Yield-curve positioning and the
