Janus Henderson Fallen Angels Bond ESG Active Core UCITS ETF (USD) - EUR-Hedged Acc.

AuM:
$56,497,375
Ongoing charges:
0.55%
NAV:
11.248
Ticker:
THFE
View the factsheet
Download Factsheet

Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 2026-03-12

Past performance does not predict future returns. The value of an investment may go down as well as up and you may lose the amount originally invested. Investors should read the Key Risks section of this page, Key Investor Information Document and Prospectus prior to investing.

Systematic active low tracking error Global HY corporate bond exposure

The Janus Henderson Fallen Angels Bond ESG Active Core UCITS ETF (the Fund) aims to replicate the performance of the Bloomberg Global Corporate ex-EM Fallen Angels 3% Issuer Capped Index (BXFATRUU Index), less fees and expenses.

Investment objective

The Fund is actively managed and aims to outperform the Bloomberg Global Corporate ex-EM Fallen Angels 3% Issuer Capped Index over the long term by investing primarily in an actively managed portfolio of sub-investment grade corporate bonds, focused on bonds that were investment grade in the past but which have been downgraded to sub-investment grade (“Fallen Angels”).

Investment process

The Fund will invest at least 70% of its net assets in a portfolio of bonds downgraded to sub-investment grade which have the following characteristics: Issued by corporate issuers in developed markets; Rated B3 or better by Moody’s Investors Services Inc, or equivalently by Standard & Poor’s Ratings Services or Fitch Inc, or, if unrated, as determined by the Sub-Investment Manager to be of comparable quality; and structured as fixed rate bonds or Pay-in-Kind (“PIK”) notes (where interest is paid in the form of additional debt rather than in cash).

The Fund may invest up to 30% of its net assets in other fixed or floating rate corporate bonds rated B3 or better, including investment grade bonds where the Investment Manager deems them to be transitioning between investment grade and sub-investment grade credit ratings and may also invest up to 20% of its net assets in corporate bonds issued by emerging markets issuers.

The Fund will not invest more than 10% of its net asset value in Eligible Collective Investment Schemes, including those managed by the Investment Manager and may hold up to 20% of its net asset value in ancillary liquid assets (deposits, certificates of deposit, commercial paper, US Treasury Bills and money market funds) in accordance with the UCITS Regulations.

The Fund may invest in government bonds for efficient portfolio management purposes and also invest in financial derivative instruments (FDIs) for efficient portfolio management purposes.

The Fund promotes environmental and social characteristics, as defined under Article 8 of SFDR.

Registered countries

The fund is currently registered for sale in Austria, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Portugal, Sweden, Switzerland, Luxembourg and the United Kingdom.

Fund information
Issuer: Janus Henderson ICAV
Investment manager:Tabula Investment Management Ltd.
Asset class:Fixed Income
Investment focus:Global Bonds
Portfolio managers:Rhys Petheram; Francesco Romano, CFA
ESG integration:Yes, SFDR Article 9
Style:Actively managed ETF
Management company:Waystone Management Company (IE) Limited
Administration:HSBC Securities Services (Ireland) DAC
Custodian:HSBC Continental Europe, Dublin Branch
Fund inception:21 June 2023
Share class inception:08 August 2023
TER:0.55%
Income treatment: Accumulating
Domicile: Ireland
Base currency: USD
Share class currency: EUR
Primary listing: Xetra
Listing currency:EUR
Primary ticker:THFE
ISIN: IE000LH4DDC2
UK distributor/reporting status:Yes
ISA & SIPP eligible: Yes
Index Benchmark information
Index Benchmark name:Bloomberg Global Corporate ex-EM Fallen Angels 3% Issuer Capped Index
Index Benchmark provider:Bloomberg
Index Benchmark ticker:BXFATRUU Index
Regional focus:Global
Listing information
Exchange:Xetra
Trading hours:0800 to 1630 (Frankfurt)
Trading currency:EUR
Settlement (Creation):T+1
Settlement (Redemption):T+2
Exchange ticker:THFE
Bloomberg ticker:THFE GY
RIC:THFE.DE
SEDOL/VALORBMCHZF2
WKN:A3EFLF

Key risks

Active Management: Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times

Credit Risk: An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital. If this happens or the market perceives this may happen, the value of the bond will fall.

Interest Rates: When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise (or are expected to rise). This risk is typically greater the longer the maturity of a bond investment.

High Yield Bonds: While high yield (non-investment grade) bonds generally offer higher rates of interest than investment grade bonds, they are more speculative and more sensitive to adverse changes in market conditions.

ESG Screening: The environmental, social and governance screening criteria are embedded with the index selection process, which seeks to exclude bonds issued by companies involved in certain activities. The investment manager is not Responsible for monitoring the screening process or confirming that all bonds which pass the screening process are issued by companies with adequate environmental, social or governance standards.

Derivatives: Derivatives may be used with the aim of reducing risk or managing the portfolio more efficiently. However, this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.

Exchange Rates: If the Sub-Fund holds assets in currencies other than the base currency of the Sub[1]Fund, and does not seek to hedge those assets (i.e. does not seek to mitigate exchange rate movements between the currencies), the value of your investment may be impacted by changes in exchange rates.

Liquidity: Securities could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.

Counterparty and Operational Risks: Losses could be incurred if a counterparty became unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider

Currency risk: Currency hedging may not completely eliminate currency risk in the Sub-Fund and may affect its performance.


For more information on the risks to the Sub-Fund, please see the supplement for the Sub-Fund and the prospectus of Janus Henderson ICAV, available on the product pages of jhetf.com.

Contact us

Email  etfs@janushenderson.com