Janus

Henderson

AAA

CLO

ETF

Schedule

of

Investments

(unaudited)

July

31,

2021

Janus

Detroit

Street

Trust

1

Shares/

Principal

Amounts

Value

Collateralized

Loan

Obligations

-

98.9%

AB

BSL

CLO

1

Ltd.

2020-1A

A1A,

ICE

LIBOR

USD

3

Month

+

1.5000%,

1.6261%,

1/15/33

(144A)

‡

$

3,780,000

$

3,786,097

AIG

CLO

Ltd.

2021-1A

A,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2837%,

4/22/34

(144A)

‡

1,000,000

1,001,098

AIMCO

CLO

Ltd.

2017-AA

AR,

ICE

LIBOR

USD

3

Month

+

1.0500%,

1.1842%,

4/20/34

(144A)

‡

1,300,000

1,299,999

Allegro

CLO

IX

Ltd.

2018-3A

A,

ICE

LIBOR

USD

3

Month

+

1.1650%,

1.2914%,

10/16/31

(144A)

‡

1,000,000

999,458

Apidos

CLO

XXIX

Ltd.

2018-29A

A1B,

ICE

LIBOR

USD

3

Month

+

1.3000%,

1.4253%,

7/25/30

(144A)

‡

2,000,000

2,000,336

Assurant

CLO

Ltd.

2018-2A

A,

ICE

LIBOR

USD

3

Month

+

1.0400%,

1.1743%,

4/20/31

(144A)

‡

1,500,000

1,500,783

Atrium

XIV

LLC

14A

A2A,

ICE

LIBOR

USD

3

Month

+

1.4500%,

1.5764%,

8/23/30

(144A)

‡

2,000,000

2,000,974

Benefit

Street

Partners

CLO

VIII

Ltd.

2015-8A

A1AR,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2342%,

1/20/31

(144A)

‡

3,000,000

3,001,086

Canyon

Capital

CLO

Ltd.

2014-1A

A1BR,

ICE

LIBOR

USD

3

Month

+

1.1700%,

1.2985%,

1/30/31

(144A)

‡

3,010,000

3,004,483

Carlyle

US

CLO

Ltd.

2016-4A

BR,

ICE

LIBOR

USD

3

Month

+

2.1000%,

2.2343%,

10/20/27

(144A)

‡

1,000,000

1,000,132

CBAM

Ltd.

2018-5A

A,

ICE

LIBOR

USD

3

Month

+

1.0200%,

1.1539%,

4/17/31

(144A)

‡

5,900,000

5,900,254

CIFC

Funding

Ltd.

2018-3A

A,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2339%,

7/18/31

(144A)

‡

2,500,000

2,501,432

CIFC

Funding

Ltd.

2014-3A

CR2,

ICE

LIBOR

USD

3

Month

+

2.3500%,

2.4883%,

10/22/31

(144A)

‡

1,250,000

1,249,995

CIFC

Funding

Ltd.

2019-6A

C,

ICE

LIBOR

USD

3

Month

+

2.7000%,

2.8264%,

1/16/33

(144A)

‡

1,500,000

1,502,904

Deer

Creek

CLO

Ltd.

2017-1A

A,

ICE

LIBOR

USD

3

Month

+

1.1800%,

1.3142%,

10/20/30

(144A)

‡

3,000,000

3,001,701

Dryden

37

Senior

Loan

Fund

2015-37A

AR,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2261%,

1/15/31

(144A)

‡

3,000,000

3,000,186

Dryden

53

CLO

Ltd.

2017-53A

A,

ICE

LIBOR

USD

3

Month

+

1.1200%,

1.2461%,

1/15/31

(144A)

‡

4,002,000

4,000,795

Dryden

57

CLO

Ltd.

2018-57A

A,

ICE

LIBOR

USD

3

Month

+

1.0100%,

1.1659%,

5/15/31

(144A)

‡

1,000,000

1,000,159

Eaton

Vance

CLO

Ltd.

2014-1RA

C,

ICE

LIBOR

USD

3

Month

+

2.1000%,

2.2261%,

7/15/30

(144A)

‡

3,077,215

3,078,643

Fillmore

Park

CLO

Ltd.

2018-1A

A2,

ICE

LIBOR

USD

3

Month

+

1.3400%,

1.4661%,

7/15/30

(144A)

‡

3,000,000

3,000,057

Galaxy

XVIII

CLO

Ltd.

2018-28A

A1,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2261%,

7/15/31

(144A)

‡

1,000,000

1,001,773

Galaxy

XX

CLO

Ltd.

2015-20A

AR,

ICE

LIBOR

USD

3

Month

+

1.0000%,

1.1342%,

4/20/31

(144A)

‡

4,000,000

4,000,268

Gallatin

CLO

VIII

Ltd.

2017-1A

A,

ICE

LIBOR

USD

3

Month

+

1.3000%,

1.4261%,

7/15/27

(144A)

‡

1,693,218

1,694,298

GoldenTree

Loan

Management

US

CLO

1

Ltd.

2017-1A

A1R2,

ICE

LIBOR

USD

3

Month

+

1.0200%,

1.1543%,

4/20/34

(144A)

‡

2,000,000

2,000,688

GREYWOLF

CLO

VII

Ltd.

2018-2A

A1,

ICE

LIBOR

USD

3

Month

+

1.1800%,

1.3142%,

10/20/31

(144A)

‡

2,000,000

2,001,724

HPS

Loan

Management

Ltd.

14A-19

A1R,

ICE

LIBOR

USD

3

Month

+

1.0200%,

1.1453%,

1/25/34

(144A)

‡

3,950,000

3,921,027

Kayne

CLO

10

Ltd.

2021-10A

A,

ICE

LIBOR

USD

3

Month

+

1.1700%,

1.3596%,

4/23/34

(144A)

‡

5,000,000

5,011,210

Janus

Henderson

AAA

CLO

ETF

Schedule

of

Investments

(unaudited)

July

31,

2021

2

July

31,

2021

Shares/

Principal

Amounts

Value

Collateralized

Loan

Obligations

-

(continued)

KKR

CLO

23

Ltd.

23

A1,

ICE

LIBOR

USD

3

Month

+

1.1500%,

1.2843%,

10/20/31

(144A)

‡

$

1,000,000

$

1,001,250

KKR

CLO

Ltd.

22A

A,

ICE

LIBOR

USD

3

Month

+

1.1500%,

1.2843%,

7/20/31

(144A)

‡

3,000,000

3,000,951

LCM

XVIII

LP

19A

AR,

ICE

LIBOR

USD

3

Month

+

1.2400%,

1.3661%,

7/15/27

(144A)

‡

1,062,448

1,063,263

Madison

Park

Funding

XI

Ltd.

2013-11A

CR2,

ICE

LIBOR

USD

3

Month

+

1.9500%,

2.0879%,

7/23/29

(144A)

‡

1,500,000

1,500,069

Madison

Park

Funding

XVIII

Ltd.

2015-18A

A1R,

ICE

LIBOR

USD

3

Month

+

1.1900%,

1.3242%,

10/21/30

(144A)

‡

3,400,000

3,404,121

Madison

Park

Funding

XXVI

Ltd.

2017-26A

AR,

ICE

LIBOR

USD

3

Month

+

1.2000%,

1.3296%,

7/29/30

(144A)

‡

5,000,000

5,004,860

Madison

Park

Funding

XXX

Ltd.

2018-30A

A,

ICE

LIBOR

USD

3

Month

+

0.7500%,

0.8761%,

4/15/29

(144A)

‡

4,985,618

4,986,356

Magnetite

XVII

Ltd.

2016-17A

AR,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2342%,

7/20/31

(144A)

‡

1,650,000

1,652,965

Marble

Point

CLO

XI

Ltd.

2017-2A

A,

ICE

LIBOR

USD

3

Month

+

1.1800%,

1.3139%,

12/18/30

(144A)

‡

3,000,000

3,000,393

MP

CLO

III

Ltd.

2013-1A

AR,

ICE

LIBOR

USD

3

Month

+

1.2500%,

1.3843%,

10/20/30

(144A)

‡

2,250,000

2,252,639

Nassau

Ltd.

2018-IIA

A,

ICE

LIBOR

USD

3

Month

+

1.2800%,

1.4061%,

10/15/31

(144A)

‡

1,000,000

997,518

Neuberger

Berman

Loan

Advisers

CLO

29

Ltd.

2018-29A

A1,

ICE

LIBOR

USD

3

Month

+

1.1300%,

1.2639%,

10/19/31

(144A)

‡

1,000,000

1,000,515

OCP

CLO

Ltd.

2014-5A

A1R,

ICE

LIBOR

USD

3

Month

+

1.0800%,

1.2053%,

4/26/31

(144A)

‡

1,250,000

1,251,158

Octagon

Investment

Partners

34

Ltd.

2017-1A

A2,

ICE

LIBOR

USD

3

Month

+

1.2500%,

1.3843%,

1/20/30

(144A)

‡

2,000,000

1,997,280

Octagon

Investment

Partners

XVII

Ltd.

2013-1A

A1R2,

ICE

LIBOR

USD

3

Month

+

1.0000%,

1.1252%,

1/25/31

(144A)

‡

5,900,000

5,905,977

Octagon

Loan

Funding

Ltd.

2014-1A

ARR,

ICE

LIBOR

USD

3

Month

+

1.1800%,

1.3351%,

11/18/31

(144A)

‡

6,000,000

6,000,432

OHA

Credit

Funding

5

Ltd.

2020-5A

A2A,

ICE

LIBOR

USD

3

Month

+

1.4500%,

1.5839%,

4/18/33

(144A)

‡

1,350,000

1,353,220

OHA

Credit

Partners

XIV

Ltd.

2017-14A

C,

ICE

LIBOR

USD

3

Month

+

1.8000%,

1.9343%,

1/21/30

(144A)

‡

1,000,000

1,000,158

Palmer

Square

CLO

Ltd.

2018-2A

A1A,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2264%,

7/16/31

(144A)

‡

5,000,000

5,008,210

Palmer

Square

Loan

Funding

Ltd.

2020-1A

A1,

ICE

LIBOR

USD

3

Month

+

0.8000%,

0.9552%,

2/20/28

(144A)

‡

4,010,447

4,010,487

Recette

CLO

Ltd.

2015-1A

ARR,

ICE

LIBOR

USD

3

Month

+

1.0800%,

1.2143%,

4/20/34

(144A)

‡

4,000,000

4,004,136

Riserva

CLO

Ltd.

2016-3A

ARR,

ICE

LIBOR

USD

3

Month

+

1.0600%,

1.1939%,

1/18/34

(144A)

‡

1,000,000

1,000,146

Rockford

Tower

CLO

Ltd.

2018-1A

A,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2553%,

5/20/31

(144A)

‡

2,000,000

2,000,604

Signal

Peak

CLO

8

Ltd.

2020-8A

C,

ICE

LIBOR

USD

3

Month

+

2.0000%,

2.1342%,

4/20/33

(144A)

‡

2,000,000

2,000,138

Sound

Point

CLO

VI-R

Ltd.

2014-2RA

A,

ICE

LIBOR

USD

3

Month

+

1.2500%,

1.3843%,

10/20/31

(144A)

‡

4,000,000

3,999,992

Sound

Point

CLO

XIX

Ltd.

2018-1A

A,

ICE

LIBOR

USD

3

Month

+

1.0000%,

1.1261%,

4/15/31

(144A)

‡

3,000,000

3,002,367

Sounds

Point

CLO

IV-R

Ltd.

2013-3RA

A,

ICE

LIBOR

USD

3

Month

+

1.1500%,

1.2839%,

4/18/31

(144A)

‡

5,000,000

5,001,765

Janus

Henderson

AAA

CLO

ETF

Schedule

of

Investments

(unaudited)

July

31,

2021

Janus

Detroit

Street

Trust

3

Shares/

Principal

Amounts

Value

Collateralized

Loan

Obligations

-

(continued)

Symphony

CLO

XXII

Ltd.

2020-22A

A1A,

ICE

LIBOR

USD

3

Month

+

1.2900%,

1.4239%,

4/18/33

(144A)

‡

$

2,650,000

$

2,655,557

THL

Credit

Wind

River

CLO

Ltd.

2014-2A

AR,

ICE

LIBOR

USD

3

Month

+

1.1400%,

1.2661%,

1/15/31

(144A)

‡

1,000,000

1,000,474

THL

Credit

Wind

River

CLO

Ltd.

2019-2A

C,

ICE

LIBOR

USD

3

Month

+

2.6500%,

2.7761%,

1/15/33

(144A)

‡

1,500,000

1,501,623

THL

Credit

Wind

River

CLO

Ltd.

2017-1A

ARR,

ICE

LIBOR

USD

3

Month

+

1.0600%,

1.1939%,

4/18/36

(144A)

‡

2,500,000

2,495,502

Venture

32

CLO

Ltd.

2018-32A

A1,

ICE

LIBOR

USD

3

Month

+

1.1000%,

1.2339%,

7/18/31

(144A)

‡

3,766,000

3,763,386

Venture

XXVIII

CLO

Ltd.

2017-28A

A2,

ICE

LIBOR

USD

3

Month

+

1.1100%,

1.2443%,

7/20/30

(144A)

‡

1,000,000

999,230

Voya

CLO

Ltd.

2014-2A

A1RR,

ICE

LIBOR

USD

3

Month

+

1.0200%,

1.1539%,

4/17/30

(144A)

‡

4,376,418

4,378,646

Voya

CLO

Ltd.

2019-1A

AR,

ICE

LIBOR

USD

3

Month

+

1.0600%,

1.1861%,

4/15/31

(144A)

‡

1,000,000

1,000,639

Voya

CLO

Ltd.

2013-3A

A1RR,

ICE

LIBOR

USD

3

Month

+

1.1500%,

1.2839%,

10/18/31

(144A)

‡

1,993,114

1,993,552

Wind

River

CLO

Ltd.

2016-1A

AR,

ICE

LIBOR

USD

3

Month

+

1.0500%,

1.1761%,

7/15/28

(144A)

‡

559,096

559,226

York

CLO-2

Ltd.

2015-1A

AR,

ICE

LIBOR

USD

3

Month

+

1.1500%,

1.2882%,

1/22/31

(144A)

‡

2,000,000

2,002,234

Zais

CLO

8

Ltd.

2018-1A

A,

ICE

LIBOR

USD

3

Month

+

0.9500%,

1.0761%,

4/15/29

(144A)

‡

923,848

917,697

Total

Collateralized

Loan

Obligations

(cost

$166,387,978)

167,130,296

Investment

Companies

-

4.0%

Money

Market

Funds

-

4.0%

Federated

Hermes

Government

Obligations

Tax-Managed

Fund,

0.0100%

∞

(cost

$6,817,369)

6,817,369

6,817,369

Total

Investments

(total

cost

$173,205,347)

-

102.9%

173,947,665

Liabilities,

net

of

Cash,

Receivables

and

Other

Assets

-

(2.9%)

(4,897,500)

Net

Assets

-

100.0%

$169,050,165

Summary

of

Investments

by

Country

-

(Long

Positions)

(unaudited)

Country

Value

%

of

Investment

Securities

Cayman

Islands

$

167,130,296

96.1

%

United

States

6,817,369

3.9

Total

$

173,947,665

100.0

%

Notes

to

Schedule

of

Investments

and

Other

Information

(unaudited)

4

July

31,

2021

ICE

Intercontinental

Exchange

LIBOR

LIBOR

(London

Interbank

Offered

Rate)

is

a

short-term

interest

rate

that

banks

offer

one

another

and

generally

represents

current

cash

rates.

LLC

Limited

Liability

Company

LP

Limited

Partnership

∞

Rate

shown

is

the

7-day

yield

as

of

July

31,

2021.

‡

The

interest

rate

on

floating

rate

notes

is

based

on

an

index

or

market

interest

rates

and

is

subject

to

change.

Rate

in

the

security

description

is

as

of

July

31,

2021

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

$167,130,296

which

represents

98.9%

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:

Collateralized

Loan

Obligations

$

—

$

167,130,296

$

—

Investment

Companies

6,817,369

—

—

Total

Assets

$

6,817,369

$

167,130,296

$

—

Janus

Detroit

Street

Trust

5

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.

6

July

31,

2021

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.