JIII Income ETF

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

NAV
$49.90
As of 24/12/2024

1-Day Change
$0.02 (0.04%)
As of 24/12/2024

ITD Return
0.24%
As of 24/12/2024

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

ETF Details

Inception Date	Nov 12, 2024
Total Net Assets (As of 24/12/2024)	$67.37M
Gross Annual Expense Ratio (As of most recent prospectus)	0.55%
Net Annual Expense Ratio (As of most recent prospectus)	0.52%
CUSIP	47103U712
Morningstar Category (As of 30/11/2024)	Multisector Bond
NAV Ticker	JIIINV
Exchange	NYSE Arca
Benchmark	Bloomberg US Aggregate Bond Index

Net expense ratios reflect the expense waiver, if any, contractually agreed to through at least February 28, 2026. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Creation Unit size is 50,000 shares. Redemption Unit size is 100,000 shares.

Pricing Data (As of Market Close 24/12/2024)

Closing Market Price	$50.03
Bid/Ask Midpoint	$50.04
Day High	$50.03
Day Low	$49.98
Trading Volume (Shares)	891
Premium/Discount	0.28%
30-Day Median Bid/Ask Spread (As of 23/12/2024)	0.08%
Shares Outstanding	1.35M

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.

DISTRIBUTION OVERVIEW

Ex-Date	Record Date	Payable Date	Ordinary Income	Short-Term Capital Gains	Long-Term Capital Gains	Total Distribution
12/23/2024	12/23/2024	12/30/2024	$0.221312	$0.000000	$0.000000	$0.221312
						View Full History

Index represents the Bloomberg U.S. Aggregate Bond Index

Top Holdings (As of 24/12/2024)

	% of Fund
Janus Henderson Emerging Markets Debt Hard Currency ETF	4.94
Fannie Mae or Freddie Mac\|5.5\|01/14/2025, 5.50%, 01/14/25	3.79
Fannie Mae or Freddie Mac\|3.5\|01/14/2025, 3.50%, 01/14/25	3.12
Fannie Mae or Freddie Mac\|2.5\|01/14/2025, 2.50%, 01/14/25	2.92
Connecticut Avenue Securities Trust 2024-R03\|7.52533\|03/25/2044, 7.53%, 03/25/44	2.17
Fannie Mae or Freddie Mac\|5\|01/14/2025, 5.00%, 01/14/25	2.14
Fannie Mae or Freddie Mac\|6\|01/14/2025, 6.00%, 01/14/25	1.86
Palmer Square CLO 2022-1 Ltd\|5.9374\|04/20/2035, 5.94%, 04/20/35	1.77
Fannie Mae or Freddie Mac\|4.5\|01/14/2025, 4.50%, 01/14/25	1.70
Connecticut Avenue Securities Trust 2023-R06\|10.63403\|07/25/2043, 10.63%, 07/25/43	1.64
View full holdings

Download

Sector Allocation	% of Fund	% of Fund	As of 23/12/2024

Fixed Income country and/or regional weights primarily based on Bloomberg classifications.

Regional Allocation	% of Fund	% of Fund	As of 12/23/2024

Maturity Breakdown of Fixed Income Holdings	% of Fund	% of Fund	As of 23/12/2024

Credit Quality of Fixed Income Holdings	% of Fund	% of Fund	As of 12/23/2024

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.

JIII Income ETF

Overview

About this ETF

Why Invest in this ETF

Portfolio Management

Performance

Portfolio

Documents

Yield on the table: Why multisector may make sense in 2025

Key trends driving U.S. securitized fixed income in 2025

Non-Agency Residential Mortgage-Backed Securities: A securitized products primer

JIII Income ETF

Overview

About this ETF

Why Invest in this ETF

Portfolio Management

Performance

Portfolio

Documents

Related Insights

Yield on the table: Why multisector may make sense in 2025

Key trends driving U.S. securitized fixed income in 2025

Non-Agency Residential Mortgage-Backed Securities: A securitized products primer