JAAA UCITS Equivalent: ICLO
JAAA (Janus Henderson AAA CLO ETF, Janus Henderson) is a US-listed ETF you can't buy from Europe. Its closest UCITS equivalent is ICLO — Invesco USD AAA CLO UCITS ETF Dist — a 92% match by index, holdings and cost.
JAAA vs ICLO: side-by-side
| JAAA (US) | ICLO (UCITS) | |
|---|---|---|
| Fund | Janus Henderson AAA CLO ETF | Invesco USD AAA CLO UCITS ETF Dist |
| Strategy | AAA-rated CLOs · US | AAA-rated CLO tranches |
| Domicile | United States | Ireland |
| Ongoing charge (TER) | — | 0.25% |
| Income | Distributing (monthly) | Distributing (quarterly) |
| Trailing yield | 5.9% | 4.71% |
| Trading currency | USD | USD |
| Fund size | — | 100M |
| Buyable by EU/UK retail investors | Usually blocked (no PRIIPs KID) | Yes |
| US estate-tax exposure (non-US investors) | Yes, above $60k | No |
| US dividend withholding | Withheld on each payout (15% with a W-8BEN, else 30%) | 15% inside the fund (Ireland–US treaty), nothing extra to you |
UCITS data from UCITSIncome, updated November 2026. JAAA figures are indicative.
About JAAA
Other UCITS alternatives to JAAA
Why you can't buy JAAA in Europe
US-domiciled ETFs like JAAAdon't publish the EU “KID” disclosure document required by the PRIIPs regulation, so European and other non-US brokers block the order. It isn't illegal — you simply buy the UCITS equivalent (ICLO) instead. UCITS funds are also more tax-efficient for non-US investors: lower US dividend withholding and no US estate-tax exposure. Read the full explanation →
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Similar US ETF equivalents
Matches are based on the underlying index, holdings overlap and cost, sourced from UCITSIncome data. Information only — not financial advice. Always do your own research before investing.