ETF Evaluator: Janus Henderson Em Mkts Dbt Hrd Ccy ETF () Follow This ETF

Janus Henderson Em Mkts Dbt Hrd Ccy ETF Overview

Janus Henderson Em Mkts Dbt Hrd Ccy ETF (JEMB) is an actively managed Taxable Bond Emerging Markets Bond exchange-traded fund (ETF). Janus Henderson launched the ETF in 2024.

The investment seeks to provide a return, from a combination of income and capital growth over the long term. The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in emerging markets debt securities denominated in hard currencies. Debt securities include, but are not limited to, fixed and floating rate securities, asset-backed securities (“ABS”), mortgage-backed securities (“MBS”), and perpetual bonds. The fund is non-diversified.

About Janus Henderson Em Mkts Dbt Hrd Ccy ETF (JEMB)

There are 4 members of the management team with an average tenure of 1.96 years: Jacob Nielsen (2024), Sorin Pirau (2024), Thomas Haugaard (2024) and Bent Lystbæk (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

Janus Henderson Em Mkts Dbt Hrd Ccy ETF has 353 securities in its portfolio. The top 10 holdings constitute 11.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Janus Henderson Em Mkts Dbt Hrd Ccy ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Janus Henderson Em Mkts Dbt Hrd Ccy ETF has 92.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 91.8% (-0.5% domestic bond, 92.2% foreign bond and 0.0% convertible bond). Janus Henderson Em Mkts Dbt Hrd Ccy ETF has 8.2% of the portfolio in cash.

Assets Under Management

The fund has $431 million in total assets, which is below the $1 billion average for the Emerging Markets Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

JEMB Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Janus Henderson Em Mkts Dbt Hrd Ccy ETF expense ratio is average compared to funds in the Emerging Markets Bond category. Janus Henderson Em Mkts Dbt Hrd Ccy ETF has an expense ratio of 0.52%, which is 13% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Janus Henderson Em Mkts Dbt Hrd Ccy ETF has a portfolio turnover rate of 53%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Emerging Markets Bond category.

Recently, in the month of July 2026, Janus Henderson Em Mkts Dbt Hrd Ccy ETF returned -1.4%, which earned it a grade of D, as the Emerging Markets Bond category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Janus Henderson Em Mkts Dbt Hrd Ccy ETF has a trailing yield of 6.95%, which is above the 6.13% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Janus Henderson Em Mkts Dbt Hrd Ccy ETF Grades

Year to date, the ETF has returned 2.0%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 8.7% over the past year (grade of B).

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