Janus Henderson Fallen Angels Bond ESG Active Core UCITS ETF

AuM:
$57,297,695
Ongoing charges:
0.50%
NAV:
12.063
Ticker:
THFA
Benchmark ticker:
I37640 Index
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Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 2026-03-11

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.

How we can assist

Our team maintains relations with APs, market makers and banks/brokers and will help you find the most efficient way to execute.

Contact us for further information about Janus Henderson ETFs trading and liquidity.

When it comes to trading, Janus Henderson ETFs combine the best of listed securities and mutual funds – the flexibility to trade throughout the day, plus the ability to trade at NAV for large orders. Trading in our ETFs is supported by both Authorised Participants and Market Makers.

Ways to trade

– On exchange – Pay bid/offer spread plus broker commission
– Over-The-Counter at risk – Bank/broker provides price
– Over-The-Counter at NAV – Pay NAV plus/minus a spread agreed with AP

What to consider

– Size of trade
– Timing / urgency
– Market environment
– Specific underlying
and many other factors…

Understanding ETF trading

Like a mutual fund, the liquidity of an ETF is driven primarily by the liquidity of the underlying index. ETFs shares can be created and redeemed at NAV by Authorised Participants (the “primary market”).

What makes ETFs so liquid?

However, unlike mutual funds, ETFs also trade on the secondary market, via an Exchange or Over-The-Counter. ETF shares can be exchanged between investors or via a Market Maker, thus Authorised Participants don’t necessarily need to create/redeem shares on the primary market.

ETF secondary market can provide an additional layer of liquidity for investors seeking exposure to the underlying market.

Unlike for shares, exchange volume is not the only measure of liquidity

Unlike for shares, exchange volume is not the only measure of liquidity

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



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