| Investment Objective: |
Janus Henderson Equity Linked Moderate Income ETF seeks high current income. The Fund currently expects to make distributions on a regular basis by investing 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. Unlike a bond with a fixed interest rate, an ELN can have a payout at its maturity that is variable, depending on the performance of the underlying reference asset. 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, as long as the reference asset underlying the instrument does not fall below specific levels. |
