Janus Henderson Launches US Equity Enhanced Income ETF (JUDO)

Key Terms

covered call option strategy financial

An investment approach where an investor holds shares of a stock and sells call options on those same shares to collect option fees as extra income. It matters to investors because it can boost returns and provide a small cushion against mild price drops, like renting out a house while remaining the owner, but it also limits upside if the stock jumps and the shares must be sold at the option’s agreed price.

covered calls financial

A covered call is a financial strategy where an investor sells the right to buy their owned stock at a specific price within a certain time frame. This allows the investor to earn extra income from the stock they already own, especially if they believe the stock price will stay stable or rise slightly. It helps generate additional earnings while potentially limiting the upside if the stock's price increases significantly.

options financial

Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.

prospectus regulatory

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

DENVER--(BUSINESS WIRE)-- Janus Henderson (NYSE: JHG), today announced it has launched the Janus Henderson US Equity Enhanced Income ETF (JUDO). This ETF aims to generate current income by actively investing in primarily dividend-paying equities, while seeking risk reduction and additional income from an opportunistic covered call option strategy.

JUDO, managed by Portfolio Manager Jeremiah Buckley, CFA, seeks to deliver an actively managed portfolio of high-quality companies — defined by revenue growth, earnings growth and increasing dividends, while aiming to provide dampened volatility. The team believes these companies can participate in market gains while being resilient on the downside.

“JUDO’s options strategy aims to enhance income and reduce risk among a universe of predominantly US large cap dividend stocks, which we believe show growth potential, strong competitive advantages, growing end markets, and sustainable cash flow,” said Jeremiah Buckley.

The fund utilizes an options strategy mainly focused on writing covered calls held in the portfolio to try to generate additional cash flow.

The firm’s ETF suite has grown to nearly $41 billion in AUM as of February 28, 2026, across 16 active ETFs. Janus Henderson’s research-driven ETF franchise, which leverages the firm’s long history of fundamental investing includes: JXX, the Transformational Growth ETF, JHAI, the firm’s first artificial intelligence ETF and JRE, a US real estate ETF. The firm’s other equity ETF offerings include JMID, JSMD & JSML; mid, SMID and small cap growth alpha ETFs. A full list of Janus Henderson ETFs can be accessed here.

Notes to editors

Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. As of December 31, 2025, Janus Henderson had approximately US$493 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. The firm helps millions of people globally invest in a brighter future together. Headquartered in London, Janus Henderson is listed on the New York Stock Exchange.

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus Henderson at 800.668.0434 or download the file from janushenderson.com/info. Read it carefully before you invest or send money.

Investing involves risk, including the possible loss of principal and fluctuation of value.

Janus Henderson U.S. Equity Enhanced Income ETF seeks current income and long-term capital growth.

There is no assurance the stated objective(s) will be met.

Actively managed investment portfolios are subject to the risk that the investment strategies and research process employed may fail to produce the intended results. Accordingly, a portfolio may underperform its benchmark index or other investment products with similar investment objectives.

Covered call strategies can limit the ability to benefit from increases in the market value of the underlying securities because upside potential is capped by the option’s strike price. While option premiums can help offset declines, they may not fully protect against losses, and option exercises can result in selling securities at times that may not be advantageous.

Dividend-oriented stocks that have paid regular dividends to shareholders may decrease or eliminate dividend payments in the future. A decrease in dividend payments by an issuer may result in a decrease in the value of the security.

Equity securities are subject to risks including market risk. Returns will fluctuate in response to issuer, political and economic developments.

Growth stocks are subject to increased risk of loss and price volatility and may not realize their perceived growth potential.

Options may be difficult to trade under certain market conditions, and imperfect correlation between an option and its underlying securities can reduce the effectiveness of an options strategy.

Technology industries can be significantly affected by obsolescence of existing technology, short product cycles, falling prices and profits, competition from new market entrants, and general economic conditions. A concentrated investment in a single industry could be more volatile than the performance of less concentrated investments and the market as a whole.

Any risk management process discussed includes an effort to monitor and manage risk which should not be confused with and does not imply low risk or the ability to control certain risk factors.

Janus Henderson Investors US LLC is the investment adviser and ALPS Distributors, Inc. is the distributor. ALPS is not affiliated with Janus Henderson or any of its subsidiaries.

Janus Henderson® and any other trademarks used herein are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

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Source: Janus Henderson Investors