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JIII Income ETF

Navigates the space between a traditional core bond fund and single sector constrained high yield fund

NAV
$50.44
As of 29/01/2025

1-Day Change
$0.01 (0.02%)
 As of 29/01/2025

YTD Return
0.84%
As of 29/01/2025

Overview

About this ETF

For investors seeking high current income with a secondary focus on capital appreciation. JIII aims to generate higher yields than those of standard core-plus portfolios and greater diversification than single-sector, high-yield strategies.

Why Invest in this ETF

Our Team
Culture of collaboration, global integration, and respectful challenge with a research-first mentality

Disciplined Risk Budgeting
Disciplined investment process targets repeatable performance by dynamically allocating around our starting point, the structural foundation

High Conviction
Bottom-up idea generation across a diverse set of return sources, seeking to opportunistically enhance yield per unit of risk

Portfolio Management

John Kerschner, CFA

Head of US Securitised Products | Portfolio Manager

Industry since 1990. Joined Firm in 2010.

John Lloyd

Lead, Multi-Sector Credit Strategies | Portfolio Manager

Industry since 1998. Joined Firm in 2005.

Performance

RETURNS (%) (As of 31/12/2024)
Nav Market-Price Bloomberg U.S. Aggregate Bond Index
 
Since Inception
(12/11/2024)
Nav 0.48
Market-Price 0.68
Bloomberg U.S. Aggregate Bond Index -0.22
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for very short time periods may not be indicative of future performance.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.
RETURNS (%) (As of 31/12/2024)
Nav Market-Price Bloomberg U.S. Aggregate Bond Index
 
Since Inception
(12/11/2024)
Nav 0.48
Market-Price 0.68
Bloomberg U.S. Aggregate Bond Index -0.22
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for very short time periods may not be indicative of future performance.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.

Premium/Discount History
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
12/23/202412/23/202412/30/2024$0.221312$0.000000$0.000000$0.221312
View Full History

Portfolio

Index represents the Bloomberg U.S. Aggregate Bond Index

Top Holdings (As of 29/01/2025)
% of Fund
Fannie Mae or Freddie Mac|5.5|02/13/2025, 5.50%, 02/13/25 4.63
Janus Henderson Emerging Markets Debt Hard Currency ETF 4.01
Fannie Mae or Freddie Mac|3.5|02/13/2025, 3.50%, 02/13/25 3.76
Fannie Mae or Freddie Mac|5|02/13/2025, 5.00%, 02/13/25 2.79
Fannie Mae or Freddie Mac|3|02/13/2025, 3.00%, 02/13/25 2.58
Fannie Mae or Freddie Mac|6|02/13/2025, 6.00%, 02/13/25 2.40
Fannie Mae or Freddie Mac|4.5|02/13/2025, 4.50%, 02/13/25 2.18
Connecticut Avenue Securities Trust 2024-R03|7.14932|03/25/2044, 7.15%, 03/25/44 2.16
Palmer Square CLO 2022-1 Ltd|5.61317|04/20/2035, 5.61%, 04/20/35 1.74
Ginnie Mae|3.5|02/20/2025, 3.50%, 02/20/25 1.70
View full holdings

Download

Portfolio Characteristics (As of 29/01/2025)
 
Number of Holdings
Debt Issues		 256
Portfolio Turnover Rate
(1-year trailing)		 -
Weighted Average Maturity
(years)		 8.49
Effective Duration
(years)		 3.82
Yield to Worst
 8.20%
Sector Allocation % of Fund % of Fund As of 29/01/2025
Fixed Income country and/or regional weights primarily based on Bloomberg classifications.
Regional Allocation % of Fund % of Fund As of 01/29/2025
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 29/01/2025
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 01/29/2025
Credit quality ratings reflect the middle rating received from Moody’s, Standard & Poor’s and Fitch, where all three agencies have provided a rating. If only two agencies rate a security, the lowest rating is used. If only one agency rates a security, that rating is used. Ratings are measured on a scale that ranges from Aaa (highest) to D (lowest).
Underlying ETFs are assigned a split rating. The rating displayed is the lower rating. For example, for a split rating of Aaa/Baa, Baa is shown.

Documents

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