The folks at a publicly traded, 2,000-employee, 24-city, $308.3-billion-AUM (as of September 30) asset manager are expanding their suite of active, fixed income ETFs again.

Nick Cherney Janus Henderson Investors Head of Innovation

This morning, Nick Cherney, head of innovation at Janus Henderson Investors [profile], and John Kerschner, head of U.S. securitized products, unveiled the launch of the Janus Henderson Securitized Income ETF (JSI on the NYSE Arca, Inc.). The new fund is a series of the Janus Detroit Street Trust.

JSI is an actively managed, non-diversified fund that comes with an expense ratio of 50 basis points. Its inception date was yesterday, and by end-of-day it had $50 million in AUM.

Janus Henderson Investors US LLC serves as the administrator and investment advisor to JSI. The new ETF's two co-PMs are: Nick Childs, portfolio manager on the securitized credit team; and Kerschner.

Kerschner argues that "securitized credit offers some of the most compelling yields available in the fixed income market with minimal interest rate risk" and that "investors are generally underexposed" to that niche. Cherney puts the launch of JSI in the context of the Janus Henderson team's broader efforts to offer a "highly differented suite of ETFs." (The team lays claim to being the country's fifth biggest active fixed income ETF provider by AUM.)

"JSI offers direct exposure to key areas of the securitized markets that investors otherwise wouldn't have the ability to access," Kerschner states.

JSI's other service providers include: SS&C's ALPS Distributors, Inc. as distributor; JPMorgan Chase Bank as custodian, securities lending agent, and transfer agent; and PricewaterhouseCoopers LLP as independent accounting firm. 

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