| Investment Objective: |
Janus Henderson Equity Linked High Income ETF seeks high current income. The fund will pursue its investment objective by providing investors with income distributions. The Fund currently expects to make distributions on a regular basis. The fund invests in equity securities and equity-linked securities. The Fund's equity and equity-linked securities include equity-linked notes ("ELNs") and swaps that replicate the payout structure of ELNs as well as options, futures contracts, total return swaps and common stocks. ELNs are structured debt instruments that combine aspects of fixed-income investments with potential returns that are tied to the performance of an underlying reference asset, such as single equity security, a basket of equity securities, or an index of equity securities. The Fund may invest up to 25% of its net assets in ELNs. The Fund may hold cash and cash equivalents, including U.S Treasury Bills. The Fund will have continuous investment exposure to multiple autocallable Equity Linked Instruments ("Autocallable Instruments"). Autocallable Instruments are market-linked instruments that pay regular coupons and return principal at maturity (or sooner, if called early), as long as the reference asset underlying the instrument does not fall below specific levels. |
