NPORT-EX 2 The_Long_Term_Care.htm
The
Long-Term
Care
ETF
Schedule
of
Investments
(unaudited)
July
31,
2021
Janus
Detroit
Street
Trust
1
Shares
Value
Common
Stocks
-
100.0%
Commercial
Services
&
Supplies
-
1.4%
Healthcare
Services
Group,
Inc.
17,273
$
450,825
Diversified
Consumer
Services
-
1.2%
Benesse
Holdings,
Inc.
17,700
405,447
Equity
Real
Estate
Investment
Trusts
(REITs)
-
58.6%
Aedifica
SA
8,395
1,202,539
Care
Property
Invest
NV
6,009
202,363
CareTrust
REIT,
Inc.
22,110
533,293
Diversified
Healthcare
Trust
54,750
213,525
Healthpeak
Properties,
Inc.
93,506
3,456,917
Ingenia
Communities
Group
67,500
287,276
LTC
Properties,
Inc.
8,973
339,628
National
Health
Investors,
Inc.
10,184
694,854
New
Senior
Investment
Group,
Inc.
17,983
165,803
Omega
Healthcare
Investors,
Inc.
40,806
1,480,442
Sabra
Health
Care
REIT,
Inc.
49,441
919,108
Ventas,
Inc.
64,936
3,881,874
Welltower
,
Inc.
72,509
6,298,132
19,675,754
Health
Care
Providers
&
Services
-
36.8%
Addus
HomeCare
Corp.*
3,638
315,742
Ambea
AB
(144A)
17,852
131,233
Amedisys
,
Inc.*
5,556
1,448,005
Arvida
Group
Ltd.
109,180
156,977
Attendo
AB
(144A)*
24,484
119,914
Brookdale
Senior
Living,
Inc.*
42,182
317,209
Cano
Health,
Inc.*
33,550
360,663
CareMax
,
Inc.*
12,715
128,167
Charm
Care
Corp.
KK
3,800
38,121
Chartwell
Retirement
Residences
48,596
510,349
Chemed
Corp.
3,042
1,448,053
Elan
Corp.
6,600
71,382
Ensign
Group,
Inc.
(The)
12,097
1,029,092
Estia
Health
Ltd.*
45,000
78,062
Extendicare,
Inc.
18,496
122,679
Five
Star
Senior
Living,
Inc.*
4,175
23,714
Japara
Healthcare
Ltd.*
60,731
61,604
Korian
SA
17,220
653,423
LHC
Group,
Inc.*
7,045
1,515,943
Mediterranean
Towers
Ltd.
19,187
58,631
National
HealthCare
Corp.
2,853
221,535
Oceania
Healthcare
Ltd.
108,194
112,516
Orpea
SA
11,698
1,484,943
Pennant
Group,
Inc.
(The)*
5,993
205,080
Regis
Healthcare
Ltd.
29,002
44,341
Ryman
Healthcare
Ltd.
88,783
816,713
Sienna
Senior
Living,
Inc.
15,444
196,831
Solasto
Corp.
11,300
137,247
St-Care
Holding
Corp.
2,600
22,292
Summerset
Group
Holdings
Ltd.
52,299
470,877
Viemed
Healthcare,
Inc.*
8,207
57,065
12,358,403
Hotels,
Restaurants
&
Leisure
-
0.1%
Silver
Life
Co.
Ltd.*
1,100
18,823
The
Long-Term
Care
ETF
Schedule
of
Investments
(unaudited)
July
31,
2021
2
July
31,
2021
Shares
Value
Common
Stocks
-
(continued)
Professional
Services
-
1.3%
SMS
Co.
Ltd.
16,000
$
446,834
Real
Estate
Management
&
Development
-
0.6%
Lifestyle
Communities
Ltd.
16,545
206,744
Total
Common
Stocks
(cost
$31,585,527)
33,562,830
Total
Investments
(total
cost
$31,585,527)
-
100.0%
33,562,830
Cash,
Receivables
and
Other
Assets,
net
of
Liabilities
-
0.0%
11,864
Net
Assets
-
100.0%
$33,574,694
Summary
of
Investments
by
Country
-
(Long
Positions)
(unaudited)
Country
Value
%
of
Investment
Securities
United
States
$
25,504,669
76.0
%
France
2,138,366
6.4
New
Zealand
1,557,083
4.6
Belgium
1,404,902
4.2
Japan
1,140,146
3.4
Canada
829,859
2.5
Australia
678,027
2.0
Sweden
251,147
0.7
Israel
58,631
0.2
Total
$
33,562,830
100.0
%
Schedule
of
Affiliated
Investments
-
(%
of
Net
Assets)
Dividend
Income
Realized
Gain/
(Loss)
Change
in
Unrealized
Appreciatio
n/
(Depreciation)
Value
at
7/31/21
Investments
Purchased
with
Cash
Collateral
from
Securities
Lending
-
N/A
Investment
Companies
-
N/A
Janus
Henderson
Cash
Collateral
Fund
LLC,
0.0011%
∞
$
341
Δ
$
–
$
–
$
–
Market
Value
at
10/31/20
Purchases
Sales
Market
Value
at
7/31/21
Investments
Purchased
with
Cash
Collateral
from
Securities
Lending
-
N/A
Investment
Companies
-
N/A
Janus
Henderson
Cash
Collateral
Fund
LLC,
0.0011%
∞
$
115,844
$
697,701
$
(813,545)
$
–
Notes
to
Schedule
of
Investments
and
Other
Information
(unaudited)
Janus
Detroit
Street
Trust
3
LLC
Limited
Liability
Company
*
Non-income
producing
security.
∞
Rate
shown
is
the
7-day
yield
as
of
July
31,
2021.
Δ
Net
of
income
paid
to
the
securities
lending
agent
and
rebates
paid
to
the
borrowing
counterparties.
144A
Securities
sold
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended,
are
subject
to
legal
and/or
contractual
restrictions
on
resale
and
may
not
be
publicly
sold
without
registration
under
the
1993
Act.
Unless
otherwise
noted,
these
securities
have
been
determined
to
be
liquid
in
accordance
with
the
requirements
of
Rule
22e-4,
under
the
1940
Act.
The
total
value
of
144A
securities
as
of
the
period
ended
July
31,
2021
is
$251,147
which
represents
0.7%
of
net
assets.
The
following
is
a
summary
of
the
inputs
that
were
used
to
value
the
Fund's
investments
in
securities
and
other
financial
instruments
as
of
July
31,
2021
.
See
Notes
to
Financial
Statements
for
more
information.
Valuation
Inputs
Summary
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Assets
Investments
in
Securities:
Common
Stocks
$
33,562,830
$
—
$
—
Total
Assets
$
33,562,830
$
—
$
—
4
July
31,
2021
Investment
Valuation 
Securities
held
by
the
Fund
are
valued
in
accordance
with
policies
and
procedures
established
by
and
under
the
supervision
of
the
Trustees
(the
“Valuation
Procedures”).
Equity
securities,
including
shares
of
exchange-traded
funds,
traded
on
a
domestic
securities
exchange
are
generally
valued
at
the
closing
prices
on
the
primary
market
or
exchange
on
which
they
trade.
If
such
price
is
lacking
for
the
trading
period
immediately
preceding
the
time
of
determination,
such
securities
are
valued
at
their
current
bid
price.
Equity
securities
that
are
traded
on
a
foreign
exchange
are
generally
valued
at
the
closing
prices
on
such
markets.
In
the
event
that
there
is
no
current
trading
volume
on
a
particular
security
in
such
foreign
exchange,
the
bid
price
from
the
primary
exchange
is
generally
used
to
value
the
security.
Securities
that
are
traded
on
the
over-the-counter
(“OTC”)
markets
are
generally
valued
at
their
closing
or
latest
bid
prices
as
available.
Foreign
securities
and
currencies
are
converted
to
U.S.
dollars
using
the
applicable
exchange
rate
in
effect
at
the
close
of
the
London
Stock
Exchange.
The
Fund
will
determine
the
market
value
of
individual
securities
held
by
it
by
using
prices
provided
by
one
or
more
approved
professional
pricing
services
or,
as
needed,
by
obtaining
market
quotations
from
independent
broker-dealers.
Most
debt
securities
are
valued
in
accordance
with
the
evaluated
bid
price
supplied
by
the
pricing
service
that
is
intended
to
reflect
market
value.
The
evaluated
bid
price
supplied
by
the
pricing
service
is
an
evaluation
that
may
consider
factors
such
as
security
prices,
yields,
maturities
and
ratings.
Certain
short-term
securities
maturing
within
60
days
or
less
may
be
evaluated
and
valued
on
an
amortized
cost
basis
provided
that
the
amortized
cost
determined
approximates
market
value.
Securities
for
which
market
quotations
or
evaluated
prices
are
not
readily
available,
or
are
deemed
by
Janus
Capital
to
be
unreliable,
are
valued
at
fair
value
determined
in
good
faith
under
the
Valuation
Procedures.
Circumstances
in
which
fair
value
pricing
may
be
utilized
include,
but
are
not
limited
to:
(i)
a
significant
event
that
may
affect
the
securities
of
a
single
issuer,
such
as
a
merger,
bankruptcy,
or
significant
issuer-
specific
development;
(ii)
an
event
that
may
affect
an
entire
market,
such
as
a
natural
disaster
or
significant
governmental
action;
(iii)
a
nonsignificant
event
such
as
a
market
closing
early
or
not
opening,
or
a
security
trading
halt;
and
(iv)
pricing
of
a
nonvalued
security
and
a
restricted
or
nonpublic
security.
Special
valuation
considerations
may
apply
with
respect
to
“odd-lot”
fixed-income
transactions
which,
due
to
their
small
size,
may
receive
evaluated
prices
by
pricing
services
which
reflect
a
large
block
trade
and
not
what
actually
could
be
obtained
for
the
odd-lot
position. 
Valuation
Inputs
Summary 
FASB
ASC
820,
Fair
Value
Measurements
and
Disclosures
(“ASC
820”),
defines
fair
value,
establishes
a
framework
for
measuring
fair
value,
and
expands
disclosure
requirements
regarding
fair
value
measurements.
This
standard
emphasizes
that
fair
value
is
a
market-based
measurement
that
should
be
determined
based
on
the
assumptions
that
market
participants
would
use
in
pricing
an
asset
or
liability
and
establishes
a
hierarchy
that
prioritizes
inputs
to
valuation
techniques
used
to
measure
fair
value.
These
inputs
are
summarized
into
three
broad
levels: 
Level
1
–
Unadjusted
quoted
prices
in
active
markets
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities.
Level
2
–
Observable
inputs
other
than
unadjusted
quoted
prices
included
in
Level
1
that
are
observable
for
the
asset
or
liability
either
directly
or
indirectly.
These
inputs
may
include
quoted
prices
for
the
identical
instrument
on
an
inactive
market,
prices
for
similar
instruments,
interest
rates,
prepayment
speeds,
credit
risk,
yield
curves,
default
rates
and
similar
data.
Assets
or
liabilities
categorized
as
Level
2
in
the
hierarchy
generally
include:
debt
securities
fair
valued
in
accordance
with
the
evaluated
bid
or
ask
prices
supplied
by
a
pricing
service;
securities
traded
on
OTC
markets
and
listed
securities
for
which
no
sales
are
reported
that
are
fair
valued
at
the
latest
bid
price
(or
yield
equivalent
thereof)
obtained
from
one
or
more
dealers
transacting
in
a
market
for
such
securities
or
by
a
pricing
service
approved
by
the
Fund’s
Trustees;
and
certain
short-term
debt
securities
with
maturities
of
60
days
or
less
that
are
fair
valued
at
amortized
cost.
Other
securities
that
may
be
categorized
as
Level
2
in
the
hierarchy
include,
but
are
not
limited
to,
preferred
stocks,
bank
loans,
swaps,
investments
in
unregistered
investment
companies,
options,
and
forward
contracts.
Level
3
–
Unobservable
inputs
for
the
asset
or
liability
to
the
extent
that
relevant
observable
inputs
are
not
available,
representing
the
Fund’s
own
assumptions
about
the
assumptions
that
a
market
participant
would
use
in
valuing
the
asset
or
liability,
and
that
would
be
based
on
the
best
information
available.
Janus
Detroit
Street
Trust
5
The
inputs
or
methodology
used
for
fair
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
securities.
The
summary
of
inputs
used
as
of
July
31,
2021 to
fair
value
the
Fund’s
investments
in
securities
and
other
financial
instruments
is
included
in
the
“Valuation
Inputs
Summary”
in
the
Notes
to
Schedule
of
Investments
and
Other
Information.
For
additional
information
on
the
Fund.
please
refer
to
the
Fund's
most
recent
semiannual
or
annual
shareholder
report.
Subsequent
Events 
Management
has
evaluated
whether
any
events
or
transactions
occurred
subsequent
to July
31,
2021
and
through
the
date
of
the
issuance
of
the
Fund's filing
and
determined
that
there
were
no
material
events
or
transactions
that
would
require
recognition
or
disclosure
in
the
Fund's
financial
statements
other
than
the
following:
On
July
23,
2021,
the
Board
of
Trustees
approved
a
plan
to
liquidate
and
terminate
the
Fund
with
such
liquidation
effective
on
or
about
October
14,
2021.