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JUDO Janus Henderson U.S. Equity Enhanced Income ETF

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$27.75
−2.4% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the 6 months to Oct 30, 2026, JUDO paid 3.2% in cash and returned 5.9%, against 5.1% for its own stocks.

What drove JUDO’s returns?What can JUDO’s first months tell me?What does JUDO cost to hold and to trade?
Covered call on its own stocks, paying monthlyJanus Henderson ↗Expense ratio 0.55%Fund assets $7.0m net assets, latest filing (Jul 31, 2026)First traded Mar 25, 2026Benchmark JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026)SEC filings ↗Every Janus Henderson fund ETFIQ coversDividend history

Promise check: DeliveredOver the time since its launch to Oct 30, 2026, JUDO paid 3.8% in cash and returned 14.2% in total, covering 373.7% of its payout.

Compare with…Trading costsPut to the committeeaskIQ about JUDOAdd to portfolioOverlapFlowsAlerts

JUDO risk and return scorecard

vs JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026)

Not measured: its benchmark is its own holdings, which has no weekly price series.

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

Money in and out

Net fund flows · Jul 31, 2026
Since Feb 2026
+$6.3m
askIQ: what do these flows mean? ↗

What you earned

JUDO −1.0%, its own stocks −0.7%: total return over one month to Oct 30, 2026.
JUDO−1.0%
its own stocks−0.7%
Paid 0.5% in cash. Price −1.5%.
JUDO 0.0%, its own stocks −1.0%: total return over three months to Oct 30, 2026.
JUDO0.0%
its own stocks−1.0%
Paid 1.6% in cash. Price −1.6%.
JUDO +5.9%, its own stocks +5.1%: total return over six months to Oct 30, 2026.
JUDO+5.9%
its own stocks+5.1%
Paid 3.2% in cash. Price +2.7%.
JUDO +14.2%: total return since launch to Oct 30, 2026.
JUDO+14.2%
Paid 3.8% in cash. Price +10.4%.
askIQ: what drove JUDO’s returns? ↗

What can be shown yet

First traded Mar 25, 2026
3.2%
Cash paid, 6 months, on its starting price
Report
+5.9%
Total return, 6 months
Report
+0.8 pts
Against its own stocks
Report
6.5%
Latest payout, annualized on today’s price
Report
$0.15
Last payment (paid monthly), ex-date Oct 30, 2026
Report
JUDO has traded for 219 days. Numbers that need a year of prices are not shown yet.
Shown now
Net assets$7.0m
Expense ratio0.55%
Cash paid, since launch, Mar 25, 2026, over today’s price3.5%
First tradedMar 25, 2026
Not yet
One-year returnfrom Mar 25, 2027
Three-year returnfrom Mar 25, 2029
askIQ: what can JUDO’s first months tell me? ↗

More on JUDO

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Price and total return since launch, Mar 25, 2026

$27.75−2.4%1 day, priceClose, Oct 30, 2026

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

Source: Tiingo end-of-day prices. Data as of Oct 30, 2026. Updated every trading night. Report a data error

JUDO returns by window: total return, cash paid and price change
WindowTotal returnCash paidPriceits own stocksAhead or behind
1M Sep 30 – Oct 30, 2026−1.0%0.5%−1.5%−0.7%−0.3 pts
3M Jul 31 – Oct 30, 20260.0%1.6%−1.6%−1.0%+1.0 pts
6M May 1 – Oct 30, 2026+5.9%3.2%+2.7%+5.1%+0.8 pts
Since launch Mar 25 – Oct 30, 2026+14.2%3.8%+10.4%not publishednot available

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

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

Where the return came from
Price change −1.5%Cash paid +0.5%, reinvested−0.3 pts vs its own stocks

0.0%

Price change −1.6%Cash paid +1.6%, reinvested+1.0 pts vs its own stocks

0.0%

Price change +2.7%Cash paid +3.2%, reinvested+0.8 pts vs its own stocks

Money in and out

Monthly data · as of Jul 31, 2026

JUDO: in the month to Jul 31, 2026, nothing net moved, by its SEC filing.

Since Feb 2026
+$6.3m
Feb 1, 2026 to Jul 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions JUDO files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jul 2026. Every day and month ETFIQ holds for JUDO, back to Feb 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare JUDO with other funds in the flows tool

Month by month, money in and money outFeb 2026 to Jul 2026

JUDO, money in and money out each month from Feb 2026 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from JUDO’s SEC filings (N-PORT item B.6). Of the 6 months listed, money came in on net in 2 and went out in 0.

Every bar is from JUDO’s SEC filings (N-PORT item B.6). Of the 6 months listed, money came in on net in 2 and went out in 0.

MonthInOutNet
Jul 2026 SEC Form N-PORT$0$0$0
Jun 2026 SEC Form N-PORT$0$0$0
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT+$1.3m$0+$1.3m
Mar 2026 SEC Form N-PORT+$5.0m−$25+$5.0m
Feb 2026 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jul 31, 2026. Updated when the fund files its next report.

JUDO key stats

High since Mar 25, 2026, daily closes to Oct 30, 2026 (ETFIQ)$29.13 on Aug 13, 2026
Low since Mar 25, 2026, daily closes to Oct 30, 2026 (ETFIQ)$24.15 on Mar 30, 2026
Close on Oct 30, 2026, within that range (ETFIQ)$27.75, 72% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

JUDO return of capital and tax

Options it writes (holdings as of Jul 31, 2026)Options on one company’s shares, which are not Section 1256 contracts
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 Oct 30, 2026
Trading · JUDOas of Oct 30, 2026
·
Not scored1 of 6 measured · Oct 30, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

JUDO 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%
JUDO interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

JUDO 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
Apr 2026Monthly, per shareOct 2026

7 distributions for JUDO, $0.0964 to $0.15 a share and $0.145 in the middle, Apr 30, 2026 to Oct 30, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn.

Latest
$0.15
Ex Oct 30, 2026 · paid about 2 days later
Annualized
6.5%
At its price on Oct 30, 2026
Since launch, Mar 25, 2026
3.5%
7 payments, ex Apr 30, 2026 to Oct 30, 2026: $0.9577
Return of capital
Not published
No Rule 19a-1 notice has been published for this fund
Next, projected

JUDO pays monthly. The last distribution was $0.15 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 30 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$0.15 ETFIQ projection

Expected distributions for JUDO. 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 JUDO (7, most recent first)
Oct 30, 2026$0.15
Sep 30, 2026$0.15
Aug 31, 2026$0.15
Jul 31, 2026$0.145
Jun 30, 2026$0.1383
May 29, 2026$0.128
Apr 30, 2026$0.0964

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

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

Download all holdings

JUDO top ten by weight, 42.5% of the fund, of its 68 equity positions, from the holdings filed for Jul 31, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.

NVIDIA Corp. NVDA 7.84%
Alphabet, Inc. GOOG 6.79%
Microsoft Corp. MSFT 6.64%
Amazon.com, Inc. AMZN 5.17%
Apple, Inc. AAPL 4.38%
Broadcom, Inc. AVGO 3.56%
JPMorgan Chase & Co. JPM 2.31%
Eli Lilly & Co. LLY 2.07%
Micron Technology, Inc. MU 1.99%
Mastercard, Inc. MA 1.72%
Fund filings on SEC EDGAR ↗See all 68 holdings →Check overlap with another fund →

Source: The fund’s SEC filing.

About JUDO

Strategycovered call
BenchmarkJUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026)
How the benchmark is set (ETFIQ)Its long holdings without the options, priced from daily closes (Tiingo). Each stretch of a window uses the holdings the fund had filed by its first day, at the filed weights, rebalanced at each filing: 2 filings, Apr 30, 2026 to Jul 31, 2026. A window its filings do not cover has no data.
Paysmonthly
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$7.0mReport
Latest payout, annualized (ETFIQ)6.5%
Expense ratio (485BPOS XBRL, Mar 23, 2026)0.55%Report
Cash paid, since launch, Mar 25, 2026, over today’s price (ETFIQ)3.5%
First tradedMar 25, 2026
Paysmonthly
Typical gap between ex-dates30 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.15 ex Oct 30, 2026
Cash paid in the 12 months to Oct 30, 2026, 7 distributions, ex Apr 30, 2026 to Oct 30, 2026$0.9577
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
IQ Investment Committee on JUDO

12 seats on JUDO, as of Oct 30, 2026: 3 Mixed, 6 Challenges, 3 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityMixed
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges
In the tradition ofJohn TempletonTempleton-style Global ContrarianMixed
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
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 FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put JUDO to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about JUDO

How much has JUDO paid over the last 6 months?
Over the 6 months to Oct 30, 2026, JUDO paid 3.2% of its starting price in cash distributions, while the price rose 2.7%.
Is JUDO ahead of its own stocks?
Over the 6 months to Oct 30, 2026, with every distribution reinvested, JUDO returned +5.9% against +5.1% for JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026), so a holder was ahead of it by 0.8 points.
How often does JUDO pay, and how much?
JUDO pays monthly. The latest distribution annualizes to 6.5% at its price on Oct 30, 2026, which is not a promise; the next one can differ.
When does JUDO next pay a distribution?
JUDO pays monthly. The last distribution went ex on Oct 30, 2026 at $0.15 a share. The next is not declared; on a cadence of about 30 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 JUDO cost?
The prospectus expense ratio is 0.55% a year.
Sources and dates
Prices, JUDO and its own stocksTiingo end-of-day · Oct 30, 2026
Fee, 0.55%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $7.0mSEC filing, whole fund · Jul 31, 2026
HoldingsThe fund’s SEC filing · Jul 31, 2026
DistributionsTiingo end-of-day · 7 payments
All fund filingsFund filings on SEC EDGAR ↗
IssuerJanus Henderson website ↗

Links are sources, not endorsements.

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

ETFIQ, JUDO, income ETFs, data as of Oct 30, 2026. https://etfiq.com/funds/judo

The payout bar for JUDO, 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. →
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JUDO: JUDO since launch: paid 3.8%, price +10.4%, total +14.2%, not measured against a benchmark. Data to Oct 30, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/judo"><img src="https://etfiq.com/assistant/api/embed/income/judo.svg" alt="JUDO: JUDO since launch: paid 3.8%, price +10.4%, total +14.2%, not measured against a benchmark. Data to Oct 30, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">JUDO: JUDO since launch: paid 3.8%, price +10.4%, total +14.2%, not measured against a benchmark. Data to Oct 30, 2026. Data: <a href="https://etfiq.com/funds/judo">ETFIQ</a></figcaption>
</figure>

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Snapshot, Oct 30, 2026. More on the tabs above.