{
 "ticker": "JELM",
 "name": "Janus Henderson Equity Linked Moderate Income ETF",
 "issuer": "Janus Henderson",
 "desk": "income",
 "url": "https://etfiq.com/funds/jelm",
 "html": "https://etfiq.com/funds/jelm",
 "markdown": "https://etfiq.com/funds/jelm.md",
 "as_of": "2026-11-12",
 "verdict": "Since launch in Apr 2026, JELM paid 3.3% in cash and returned 4.1% in total.",
 "lead": "Since launch in Apr 2026, JELM paid 3.3% in cash and returned 4.1% in total.",
 "promise": {
  "badge": "delivered",
  "label": "Delivered",
  "category": "income",
  "sentence": "Over the time since its launch to Nov 12, 2026, JELM paid 3.3% in cash and returned 4.1% in total, covering 124.2% of its payout.",
  "figure": 124.2,
  "unit": "%",
  "from": "2026-04-22",
  "to": "2026-11-12",
  "url": "https://etfiq.com/promise-index/income/"
 },
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "3.3%",
   "source": "computed by ETFIQ from Tiingo daily prices and distributions",
   "as_of": "2026-11-12",
   "sentence": "JELM, cash paid, since launch, on its starting price: 3.3%, as of Nov 12, 2026.",
   "cite": {
    "value": "3.3%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices and distributions",
    "url": "https://etfiq.com/funds/jelm#fact-cash-paid-since-launch-on-its-starting-price",
    "text": "JELM, cash paid, since launch, on its starting price: 3.3%, as of Nov 12, 2026."
   }
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+4.1%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "JELM, total return, since launch: +4.1%, as of Nov 12, 2026.",
   "cite": {
    "value": "+4.1%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/jelm#fact-total-return-since-launch",
    "text": "JELM, total return, since launch: +4.1%, as of Nov 12, 2026."
   }
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "not set",
   "source": null,
   "as_of": "2026-11-12",
   "sentence": "JELM, benchmark: not set, as of Nov 12, 2026.",
   "cite": {
    "value": "not set",
    "as_of": "2026-11-12",
    "source": null,
    "url": "https://etfiq.com/funds/jelm#fact-benchmark",
    "text": "JELM, benchmark: not set, as of Nov 12, 2026."
   }
  },
  {
   "key": "latest_payout_annualized_on_today_s_price",
   "label": "Latest payout, annualized on today\u2019s price",
   "value": "8.4%",
   "source": "computed by ETFIQ from Tiingo daily prices and distributions",
   "as_of": "2026-11-12",
   "sentence": "JELM, latest payout, annualized on today\u2019s price: 8.4%, as of Nov 12, 2026.",
   "cite": {
    "value": "8.4%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices and distributions",
    "url": "https://etfiq.com/funds/jelm#fact-latest-payout-annualized-on-today-s-price",
    "text": "JELM, latest payout, annualized on today\u2019s price: 8.4%, as of Nov 12, 2026."
   }
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid monthly), ex-date Oct 30, 2026",
   "value": "$0.1767",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-10-30",
   "sentence": "JELM, last payment (paid monthly), ex-date Oct 30, 2026: $0.1767, as of Oct 30, 2026.",
   "cite": {
    "value": "$0.1767",
    "as_of": "2026-10-30",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/jelm#fact-last-payment",
    "text": "JELM, last payment (paid monthly), ex-date Oct 30, 2026: $0.1767, as of Oct 30, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$68m",
   "source": "issuer page, as of Nov 12, 2026",
   "as_of": "2026-11-12",
   "sentence": "JELM, net assets: $68m (issuer page, as of Nov 12, 2026).",
   "cite": {
    "value": "$68m",
    "as_of": "2026-11-12",
    "source": "issuer page, as of Nov 12, 2026",
    "url": "https://etfiq.com/funds/jelm#fact-net-assets",
    "text": "JELM, net assets: $68m (issuer page, as of Nov 12, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.59%",
   "source": "497 XBRL, Apr 24, 2026",
   "as_of": "2026-04-24",
   "sentence": "JELM, expense ratio: 0.59% (497 XBRL, Apr 24, 2026).",
   "cite": {
    "value": "0.59%",
    "as_of": "2026-04-24",
    "source": "497 XBRL, Apr 24, 2026",
    "url": "https://etfiq.com/funds/jelm#fact-expense-ratio",
    "text": "JELM, expense ratio: 0.59% (497 XBRL, Apr 24, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Not set",
   "source": null
  },
  {
   "key": "how_the_benchmark_is_set",
   "label": "How the benchmark is set",
   "value": "ETFIQ sets no benchmark for it. JELM has no published holdings, and its prospectus names no one reference, so none could be read.",
   "source": "ETFIQ"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$68m",
   "source": "issuer page, as of Nov 12, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "8.4%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.59%",
   "source": "497 XBRL, Apr 24, 2026"
  },
  {
   "key": "cash_paid_since_launch_over_today_s_price",
   "label": "Cash paid, since launch, Apr 22, 2026, over today\u2019s price",
   "value": "3.2%",
   "source": "ETFIQ"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Apr 22, 2026",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "31 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "2 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.1767 ex Oct 30, 2026",
   "source": null
  },
  {
   "key": "cash_paid_in_the_12_months_to_nov_12_2026_6_distributions_ex_may_29_2026_to_oct_30_2026",
   "label": "Cash paid in the 12 months to Nov 12, 2026, 6 distributions, ex May 29, 2026 to Oct 30, 2026",
   "value": "$0.821",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u22120.5%",
   "Cash paid": "0.7%",
   "Price": "\u22121.2%"
  },
  {
   "window": "3 months",
   "Total return": "+1.0%",
   "Cash paid": "2.0%",
   "Price": "\u22121.0%"
  },
  {
   "window": "6 months",
   "Total return": "+3.6%",
   "Cash paid": "3.3%",
   "Price": "+0.3%"
  },
  {
   "window": "Since launch",
   "Total return": "+4.1%",
   "Cash paid": "3.3%",
   "Price": "+0.8%"
  }
 ],
 "questions": [
  {
   "q": "How much has JELM paid since it launched?",
   "a": "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%."
  },
  {
   "q": "How often does JELM pay, and how much?",
   "a": "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."
  },
  {
   "q": "When does JELM next pay a distribution?",
   "a": "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."
  },
  {
   "q": "What does JELM cost?",
   "a": "The prospectus expense ratio is 0.59% a year."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since Apr 22, 2026, daily closes to Nov 12, 2026",
   "value": "$25.91 on Sep 16, 2026",
   "as_of": "2026-09-16",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 25.9114,
   "window": {
    "from": "2026-04-22",
    "to": "2026-11-12"
   }
  },
  {
   "key": "low52",
   "label": "Low since Apr 22, 2026, daily closes to Nov 12, 2026",
   "value": "$25.00 on Apr 27, 2026",
   "as_of": "2026-04-27",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 25.0034,
   "window": {
    "from": "2026-04-22",
    "to": "2026-11-12"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Nov 12, 2026, within that range",
   "value": "$25.32, 35% of the way from the low to the high",
   "as_of": "2026-11-12",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 25.32
  }
 ],
 "return_of_capital": [
  {
   "key": "options",
   "label": "Options it writes (holdings as of Jul 31, 2026)",
   "value": "Option exposure through swaps or notes, not listed options",
   "date": "2026-07-31"
  },
  {
   "key": "nonotice",
   "label": "Rule 19a-1 notices",
   "value": "not read by ETFIQ"
  },
  {
   "key": "nofinal",
   "label": "Return of capital, annual report",
   "value": "not yet filed"
  }
 ],
 "trading": {
  "as_of": "2026-11-11",
  "score": null,
  "tier": null,
  "status": "not-scored",
  "lines": [
   "Not scored.",
   "$1,000: about $2.40, 0.24%, one way.",
   "$10,000: about $24, 0.24%, one way."
  ],
  "page": "https://etfiq.com/funds/jelm/trading/"
 },
 "outside_us": [
  {
   "key": "statutory",
   "label": "US tax withheld on dividends, no treaty",
   "value": "30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 30.0,
   "url": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf"
  },
  {
   "key": "treaty",
   "label": "Treaty rates on dividends (IRS table, read Oct 30, 2026)",
   "value": "65 countries, 10% to 30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 65.0,
   "url": "https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables"
  },
  {
   "key": "qii",
   "label": "JELM interest-related and short-term gain dividends",
   "value": "not read by ETFIQ"
  },
  {
   "key": "estate",
   "label": "US estate tax filing threshold, non-resident holders",
   "value": "$60,000",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/instructions/i706na",
   "number": 60000.0,
   "url": "https://www.irs.gov/instructions/i706na"
  },
  {
   "key": "dist",
   "label": "Share class",
   "value": "Distributing",
   "source": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section852&num=0&edition=prelim",
   "url": "https://etfiq.com/learn/non-us-holders"
  }
 ],
 "generated": "2026-11-13",
 "license": "https://etfiq.com/license/",
 "license_text": "Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, JELM, income ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/jelm"
}