We have started the Trading Strategy podcast. Listen to us on YouTube and Spotify.

nJBBB is designed to hold tokenized shares of the publicly traded Janus Henderson B-BBB CLO ETF, providing onchain exposure to floating-rate collateralized loan obligations generally rated from B to BBB through a liquid ETF structure.

Share token price

Other metrics

3M Sharpe
-1.1
3M volatility
3.4%
Age
0.08 years
Protocol Technical Risk
Lockup period
7d
Denomination

Performance and fees

1M3M6M1YLifetime
Gross Gross -3.8% --- --- --- -3.8%
Performance fee Performance No data No data No data No data No data
Management fee Management No data No data No data No data No data
Deposit fee Deposit 0.0%0.0%0.0%0.0%0.0%
Withdrawal fee Withdrawal 0.0%0.0%0.0%0.0%0.0%
Net Net No data No data No data No data No data

About the vault

nJBBB takes stablecoin deposits and allocates them into tokenized exposure to the Janus Henderson B-BBB CLO ETF (JBBB), an actively managed ETF focused on collateralized loan obligations generally rated between B and BBB.

The underlying ETF seeks to provide capital preservation and current income through floating-rate CLO exposure. CLOs are securitized portfolios of corporate loans, with cash flows divided into tranches that carry different levels of seniority, yield, and risk.

The strategy is designed for investors seeking onchain access to structured credit income through a liquid ETF wrapper. Returns from the underlying exposure are reflected in the vault token price, net of vault mechanics, fees, and market movements.

Curated by Nest DAO

This vault is curated by Nest DAO.

Nest DAO is the primary curator of Nest vaults.

View all Nest DAO vaults

Running on Nest protocol

This vault is running on Nest:

Real-world-asset vaults built by the team behind Plume, with Nest DAO LLC as their primary curator.

View all Nest vaults

Notes

Yield source: Yield is generated from the income produced by the underlying CLO holdings in the Janus Henderson B-BBB CLO ETF. These CLOs are backed by portfolios of corporate loans, with floating-rate coupons that can adjust as short-term rates move. The vault captures exposure to the ETF's income and price performance through tokenized ETF shares.

Risks: nJBBB is exposed to B-BBB rated CLO ETF risk, where performance depends on the credit quality of the underlying loan portfolios, CLO tranche structures, market liquidity, and interest-rate conditions. B-BBB CLO tranches generally carry higher credit and liquidity risk than senior AAA-rated CLO tranches, and ratings may be downgraded.

Returns and period details

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall------------------
Ranking on Ethereum#78#558---------#658
Ranking on Nest#1#34---------#36
CAGR (net)------------------
CAGR (gross)12.8%-3.8%----------3.8%
Returns (net)------------------
Returns (gross)0.2%-0.3%-0.3%-0.3%-0.3%-0.3%
Sharpe ratio----1.10-1.10-1.10-1.10-1.10
Max drawdown-0.1%-1.1%-1.1%-1.1%-1.1%-1.1%

Technical Details

Vault nameNest Janus Henderson B-BBB CLO ETF Vault
Vault address0x92b638038dc15177b5453a570e9680abba88a729
Chain Ethereum (1)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $0.999838 fetched
Share tokennJBBB
ProtocolNest
HomepageView vault on protocol website
Current TVL10,051.56 USDC
Peak TVL10,119.53 USDC
Last share price1.005 USDC
Last updated
Last updated block26,245,411
Data refreshed at
Data starts2026-09-21 21:08:47 UTC
Fee modeUnknown
Fees internalised---
Featureserc_7540_like, erc_7575_like, nest_like
Strategy tags---
Flags---
Whitelist statusUnknown
Deposit statusOpen
Redemption statusOpen
Deposit/redemption events1

Stay ahead with the best new vaults and essential DeFi updates.

Subscribe to Trading Strategy newsletter