IQ

JELM Janus Henderson Equity Linked Moderate Income ETF

$25.32
0.0% · 1 day, price
Share ▾
Share on XDownload as PDF
Embed ▾

Free to use with the credit link. It updates every trading night.

Fund card

<iframe src="https://etfiq.com/embed/fund/jelm/" title="ETFIQ JELM analysis" width="100%" height="420" loading="lazy" style="border:0;max-width:600px"></iframe>
<p>Data: <a href="https://etfiq.com/funds/jelm">ETFIQ JELM analysis</a></p>

How to embed ETFIQ charts

In one line

Since launch in Apr 2026, JELM paid 3.3% in cash and returned 4.1% in total.

How does JELM compare with older funds like it?What drove JELM’s returns?What does JELM hold?
Total return since launch
+4.1%to Nov 12, 2026
Expense ratio
0.59%a year
Net assets
$68mon Nov 12, 2026
Option income, paying monthlyJanus Henderson ↗Expense ratio 0.59%Fund assets $68m on Nov 12, 2026First traded Apr 22, 2026Benchmark Not setFund page at the issuer ↗SEC filings ↗Every Janus Henderson fund ETFIQ coversDividend history

Did what it promises: YesOver the time since its launch to Nov 12, 2026, JELM paid 3.3% in cash and returned 4.1% in total, 124.2% of the cash it paid.

Analyze JELMPut to the committeeAdd to portfolioAlerts
Growth of $10,000

JELM, since Apr 2026

Total return, distributions reinvested, Apr 22, 2026 to Nov 12, 2026. No second line: no ETF prices its benchmark.

JELM $10,407 +4.1%Returns from daily closes. Data
Scorecard · vs

JELM risk and return scorecard

vs its benchmark

Not measured: ETFIQ sets no benchmark for it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Total return

What you earned

JELM −0.5%: total return over one month to Nov 12, 2026.
$10,000 in JELM would be $9,950, over one month to Nov 12, 2026.
JELM−0.5%
Paid 0.7% in cash. Price −1.2%.
JELM +1.0%: total return over three months to Nov 12, 2026.
$10,000 in JELM would be $10,100, over three months to Nov 12, 2026.
JELM+1.0%
Paid 2.0% in cash. Price −1.0%.
JELM +3.6%: total return over six months to Nov 12, 2026.
$10,000 in JELM would be $10,360, over six months to Nov 12, 2026.
JELM+3.6%
Paid 3.3% in cash. Price +0.3%.
JELM +4.1%: total return since launch to Nov 12, 2026.
$10,000 in JELM would be $10,410, since launch to Nov 12, 2026.
JELM+4.1%
Paid 3.3% in cash. Price +0.8%.
askIQ: what drove JELM’s returns? ↗
Fees over time · hypothetical
Fees paid
$575
Of the amount
5.8%

At JELM’s 0.59% a year, taken each year from the amount after growth. Hypothetical.

Cost to trade · hypothetical
One way
$24.00
Round trip
$48.00
A year
$48.00

One way: half its 30-day median bid-ask spread, as of Nov 11, 2026. A round trip buys and later sells the same size. Hypothetical. Trading page

First traded Apr 22, 2026

What can be shown yet

3.3%
Cash paid, since launch, on its starting price
Report
+4.1%
Total return, since launch
Report
not set
Benchmark
Report
8.4%
Latest payout, annualized on today’s price
Report
$0.1767
Last payment (paid monthly), ex-date Oct 30, 2026
Report
JELM has traded for 204 days. Numbers that need a year of prices are not shown yet.
Shown now
Net assets$68m
Expense ratio0.59%
Cash paid, since launch, Apr 22, 2026, over today’s price3.2%
First tradedApr 22, 2026
Not yet
One-year returnfrom Apr 22, 2027
Three-year returnfrom Apr 22, 2029
askIQ: what can JELM’s first months tell me? ↗

12 committee seats read JELM on data as of Nov 12, 2026: 1 Supports, 0 Mixed, 3 Challenges, 8 without enough data.

1 Supports0 Mixed3 Challenges8 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read JELM How the committee works

12 seats on JELM, as of Nov 12, 2026: 1 Supports, 3 Challenges, 8 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatNot enough data
Put JELM to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold JELM. Not advice.

As of Nov 13, 2026, JELM crossed 0 of 6 ETFIQ risk lines.

OverlapNot publishedNot published
Trading cost30-day median spread 0.48%Clear
Premium or discountNot publishedNot published
Return of capitalNot publishedClear
Promise checkDeliveredClear
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on JELM

Every number below is on this page. Open what you need.

The week's ETF fund flows, by email on Sundays.

One-click unsubscribe. See Privacy.

Price and total return since launch, Apr 22, 2026

$25.320.0%1 day, priceClose, Nov 12, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

JELM returns by window: total return, cash paid and price change
WindowTotal returnCash paidPrice
1M Oct 13 – Nov 12, 2026−0.5%0.7%−1.2%
3M Aug 13 – Nov 12, 2026+1.0%2.0%−1.0%
6M May 14 – Nov 12, 2026+3.6%3.3%+0.3%
Since launch Apr 22 – Nov 12, 2026+4.1%3.3%+0.8%

Total returns, distributions reinvested. Listed Apr 2026: no year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

JELM key stats

High since Apr 22, 2026, daily closes to Nov 12, 2026 (ETFIQ)$25.91 on Sep 16, 2026
Low since Apr 22, 2026, daily closes to Nov 12, 2026 (ETFIQ)$25.00 on Apr 27, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$25.32, 35% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

JELM return of capital and tax

Options it writes (holdings as of Jul 31, 2026)Option exposure through swaps or notes, not listed options
Rule 19a-1 noticesnot read by ETFIQ
Return of capital, annual reportnot yet filed
Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Nov 11, 2026
Trading · JELMas of Nov 11, 2026
·
Not scored1 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$2.400.24%
$10,000$240.24%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

JELM for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
JELM interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

JELM is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
May 2026Monthly, per shareOct 2026

6 distributions for JELM, $0.0736 to $0.1767 a share and $0.1508 in the middle, May 29, 2026 to Oct 30, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn.

Latest
$0.1767
Ex Oct 30, 2026 · paid about 2 days later
Annualized
8.4%
At its price on Nov 12, 2026
Since launch, Apr 22, 2026, at today’s price
3.2%
6 payments, ex May 29, 2026 to Oct 30, 2026: $0.821
Return of capital
Not published
No Rule 19a-1 notice has been published for this fund
Next, projected

JELM pays monthly. The last distribution was $0.1767 a share, which went ex on Oct 30, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 31 days the ex-date falls near Nov 30, 2026; that date is an ETFIQ projection, not the issuer’s.

Nov 30, 2026 · pay Dec 2, 2026$0.1767 ETFIQ projection

Expected distributions for JELM. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every income ETF going ex-dividend in the next 14 days →
Every distribution ETFIQ holds for JELM (6, most recent first)
Oct 30, 2026$0.1767
Sep 30, 2026$0.1759
Aug 31, 2026$0.1618
Jul 31, 2026$0.1397
Jun 30, 2026$0.0932
May 29, 2026$0.0736

Cash distributions per share for JELM. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

About JELM

Strategyoption income
BenchmarkNot set
How the benchmark is set (ETFIQ)ETFIQ sets no benchmark for it. JELM has no published holdings, and its prospectus names no one reference, so none could be read.
Paysmonthly
Net assets (issuer page, as of Nov 12, 2026)$68mReport
Latest payout, annualized (ETFIQ)8.4%
Expense ratio (497 XBRL, Apr 24, 2026)0.59%Report
Cash paid, since launch, Apr 22, 2026, over today’s price (ETFIQ)3.2%
First tradedApr 22, 2026
Paysmonthly
Typical gap between ex-dates31 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.1767 ex Oct 30, 2026
Cash paid in the 12 months to Nov 12, 2026, 6 distributions, ex May 29, 2026 to Oct 30, 2026$0.821
How we measure
Every number is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. Method

Questions people ask about JELM

How much has JELM paid since it launched?
Over the period from its first trade on Apr 22, 2026 to Nov 12, 2026, JELM paid 3.3% of its starting price in cash distributions, while the price rose 0.8%.
How often does JELM pay, and how much?
JELM pays monthly. The latest distribution annualizes to 8.4% at its price on Nov 12, 2026, which is not a promise; the next one can differ.
When does JELM next pay a distribution?
JELM pays monthly. The last distribution went ex on Oct 30, 2026 at $0.1767 a share. The next is not declared; on a cadence of about 31 days the ex-date falls near Nov 30, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does JELM cost?
The prospectus expense ratio is 0.59% a year.
Sources and dates
Prices, JELMTiingo end-of-day · Nov 12, 2026
Fee, 0.59%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $68mIssuer page · Nov 12, 2026
DistributionsTiingo end-of-day · 6 payments
All fund filingsFund filings on SEC EDGAR ↗
IssuerJanus Henderson page for JELM ↗
Janus Henderson’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, JELM, income ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/jelm

The payout bar for JELM, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return
Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.
Autocallable
A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.
Barrier
The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.
Full definitions: income ETFs vocabulary page. →
Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

JELM: JELM since launch: paid 3.3%, price +0.8%, total +4.1%, not measured against a benchmark. Data to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/income/jelm/" title="JELM: JELM since launch: paid 3.3%, price +0.8%, total +4.1%, not measured against a benchmark. Data to Nov 12, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">JELM: JELM since launch: paid 3.3%, price +0.8%, total +4.1%, not measured against a benchmark. Data to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/jelm">ETFIQ</a></figcaption>
</figure>

How to embed ETFIQ charts

Get the ETFIQ Daily

The day's ETF flows, a comparison and one number. Every trading morning. About the Daily

The ETFIQ Daily and our other emails. Unsubscribe from any one in a click. See Privacy.

Snapshot, Nov 12, 2026. More on the tabs above.