Janus Henderson AAA CLO ETF (JAAAON) price

JAAAON tracks Janus Henderson AAA CLO ETF, a fund that holds bonds, Treasury securities, or loans and pays out the income they generate. Its price moves with interest rates and, for corporate debt and loans, with the credit quality of the borrowers.

Funds holding short-dated debt tend to move little when rates change, while funds holding long-dated bonds can swing sharply. Distributions from the fund are usually reflected in the token rather than paid in cash.

Tokenized asset from Ondo Finance representing Janus Henderson AAA CLO ETF (Ondo Tokenized).

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JAAAON contract address

KZtqx9BJbpcGY7vdzhqPXM3ECKChxE5YhXaDiwRondo

Ticker

JAAAON

Issuer

Ondo Finance

Status

Verified

JAAAON is issued by Ondo Finance. Ondo Finance issues its tokenized stocks and ETFs through Ondo Global Markets, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. JAAAON tracks the price of Janus Henderson AAA CLO ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Ondo Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping JAAAON, and it does not issue, back, or custody the token.

The price of JAAAON on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

When the underlying fund pays a distribution, Ondo Finance folds it into the token instead of paying it out, so each JAAAON comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

JAAAON can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of JAAAON comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for JAAAON is 1.0279. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

Other tokens tracking Janus Henderson AAA CLO ETF