Janus Henderson Anemoy AAA CLO Fund

Overview

JAAA is an open-ended BVI professional fund whose shares are issued as tokens through Centrifuge infrastructure. It invests in AAA-rated collateralized loan obligations, sub-advised by the Janus Henderson team that runs its AAA CLO ETF. Subscriptions and redemptions are made in stablecoins and the fund is limited to non-US professional investors.

Portfolio of AAA-rated CLO tranches (plus cash/stablecoin)

Product structure

Legal wrapper

Open-ended BVI professional fund; shares issued as tokens

Domicile

British Virgin Islands

Regulatory status

Licensed and regulated by the BVI Financial Services Commission as a professional fund

Asset segregation

Investors hold shares of a licensed BVI fund; no further segregation or SPV detail found in public documents

Custodian

J.P. Morgan (securities custodian) and Circle (crypto/stablecoin custody), per rwa.xyz

Fund administrator

Trident Trust (Cayman)

Auditor

MHA Cayman

Transfer agent

Unverified

Tokenization agent

Centrifuge

Proof of reserve

Unverified

Redemption & liquidity

Redemption terms

Daily subscriptions and redemptions in USDC/stablecoins; settlement typically T+1 to T+2 (April 2026 fact sheet; 2025 fact sheet stated T+3)

Secondary liquidity

Transfers limited to permissioned investor wallets; large allocations via Sky/Grove; no public DEX liquidity identified

Yield mechanism

NAV accrual

Fees

Management fee 50 bps p.a. (April 2026 fact sheet; April 2025 fact sheet showed 40 bps); no entry fee; additional service-provider costs (custody, administration, audit) borne by fund

On-chain information

EthereumAvalancheSolanaBaseStellarBNB ChainMonadArbitrum

Token standard

ERC-20 (EVM chains), Token-2022 (Solana), Stellar Asset Contract (Stellar)

Transfer restrictions

Permissioned: KYC'd, whitelisted non-US professional investors

Contract addresses: unverified

Notes & material events

AUM fell 17.6% in the 30 days to 2026-09-30 per rwa.xyz; holder base is highly concentrated, with Sky/Grove approving up to USD 1bn allocation (June 2025). Inception date differs across sources: rwa.xyz and 2025 fact sheet give 1 May 2025, April 2026 fact sheet gives 25 July 2025. Not to be confused with Janus Henderson's US-listed JAAA ETF.

Revision history

No published revisions.