Exhibit (d)(1)(a)
AMENDMENT TO
JANUS DETROIT STREET TRUST
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
THIS AMENDMENT is made this 22nd day of January 2026, between JANUS DETROIT STREET TRUST, a Delaware statutory trust (the “Trust”), and JANUS HENDERSON INVESTORS US LLC, a Delaware limited liability company (the "Adviser"), regarding the funds listed in Appendix A (each, a “Fund” and together, the “Funds”).
WITNESSETH:
WHEREAS, the Adviser and the Trust, on behalf of the Funds, are parties to an Investment Advisory and Management Agreement dated May 30, 2017 (the “Agreement”);
WHEREAS, the parties desire to amend the Agreement as set forth in greater detail below;
WHEREAS, pursuant to Section 11 of the Agreement, the Agreement may be amended by the parties only if such amendment is approved by the Board, including a majority of the directors who are not interested persons of the Adviser, Distributor, or of the Trust and is in writing and signed by the parties to the Agreement; and
WHEREAS, Appendices A and B are hereby replaced with the attached Appendices A and B.
NOW, THEREFORE, in consideration of the premises and of the mutual agreements set forth below, the parties agree to amend the Agreement as follows:
1. The parties acknowledge that the Agreement, as amended, remains in full force and effect as of the date of this Amendment, and that this Amendment, together with the Agreement, contains the entire understanding and the full and complete agreement of the parties and supersedes and replaces any prior understandings and agreements among the parties respecting the subject matter hereof.
2. This Amendment may be contemporaneously executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Amendment as of the date and year first above written.
| JANUS HENDERSON INVESTORS US LLC | |||
By: |
/s/ Berg Crawford | ||
| Berg Crawford | |||
| Chief Accounting Officer | |||
JANUS DETROIT STREET TRUST |
|||
By: |
/s/ Jesper Nergaard |
||
| Jesper Nergaard | |||
| Vice President, Chief Financial Officer, Treasurer and Principal Accounting Officer | |||
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Appendix A
Janus Henderson AAA CLO ETF
Janus Henderson AA-A CLO ETF
Janus Henderson Asset-Backed Securities ETF
Janus Henderson B-BBB CLO ETF
Janus Henderson Corporate Bond ETF
Janus Henderson Emerging Markets Debt Hard Currency ETF
Janus Henderson Global Artificial Intelligence ETF
Janus Henderson Income ETF
Janus Henderson Mid Cap Growth Alpha ETF
Janus Henderson Mortgage-Backed Securities ETF
Janus Henderson Securitized Income ETF
Janus Henderson Short Duration Income ETF
Janus Henderson Small Cap Growth Alpha ETF
Janus Henderson Small/Mid Cap Growth Alpha ETF
Janus Henderson Transformational Growth ETF
Janus Henderson U.S. Real Estate ETF
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Appendix B
Management Fee Rates
The Funds listed below will each be subject to the following Fee Schedule, effective May 1, 2020:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$500 million | 0.30% | |
| Next $500 million | 0.25% | |
| Over $1 billion | 0.20% |
| Fund | Ticker |
| Janus Henderson Small Cap Growth Alpha ETF | JSML |
| Janus Henderson Small/Mid Cap Growth Alpha ETF | JSMD |
| Janus Henderson Short Duration Income ETF | VNLA |
| Janus Henderson Mortgage-Backed Securities ETF | JMBS |
The Fund listed below will be subject to the following Fee Schedule, effective October 14, 2020:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$1 billion | 0.25% | |
| Over $1 billion | 0.20% |
| Fund | Ticker |
| Janus Henderson AAA CLO ETF | JAAA |
The Fund listed below will be subject to the following Fee Schedule, effective April 22, 2021:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$250 million | 0.65% | |
| Next $750 million | 0.60% | |
| Over $1 billion | 0.50% |
| Fund | Ticker |
| Janus Henderson U.S. Real Estate ETF | JRE |
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The Fund listed below will be subject to the following Fee Schedule, effective July 22, 2021:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$500 million | 0.35% | |
| Over $500 million | 0.30% |
| Fund | Ticker |
| Janus Henderson Corporate Bond ETF | JLQD |
The Fund listed below will be subject to the following Fee Schedule, effective November 18, 2021:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$500 million | 0.49% | |
| Over $500 million | 0.45% |
| Fund | Ticker |
| Janus Henderson B-BBB CLO ETF | JBBB |
The Fund listed below will be subject to the following Fee Schedule, effective November 6, 2023:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$1 billion | 0.49% | |
| Next $2 billion | 0.46% | |
| Over $3 billion | 0.43% |
| Fund | Ticker |
| Janus Henderson Securitized Income ETF | JSI |
The Fund listed below will be subject to the following Fee Schedule, effective July 11, 2024:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$500 million | 0.52% | |
| Over $500 million | 0.48% |
| Fund | Ticker |
| Janus Henderson Emerging Markets Debt Hard Currency ETF | JEMB |
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The Fund listed below will be subject to the following Fee Schedule, effective July 11, 2024:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$500 million | 0.30% | |
| Next $500 million | 0.25% | |
| Over $1 billion | 0.20% |
| Fund | Ticker |
| Janus Henderson Mid Cap Growth Alpha ETF | JMID |
The Fund listed below will be subject to the following Fee Schedule, effective October 24, 2024:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$1 billion | 0.52% | |
| Next $2 billion | 0.50% | |
| Over $3 billion | 0.48% |
| Fund | Ticker |
| Janus Henderson Income ETF | JIII |
The Fund listed below will be subject to the following Fee Schedule, effective October 24, 2024:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$500 million | 0.57% | |
| Next $500 million | 0.55% | |
| Over $1 billion | 0.52% |
| Fund | Ticker |
| Janus Henderson Transformational Growth ETF | JXX |
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The Fund listed below will be subject to the following Fee Schedule, effective July 17, 2025:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$2 billion | 0.33% | |
| Next $3 billion | 0.30% | |
| Over $5 billion | 0.27% |
| Fund | Ticker |
| Janus Henderson Asset-Backed Securities ETF | JABS |
The Fund listed below will be subject to the following Fee Schedule, effective July 17, 2025:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$500 million | 0.59% | |
| Next $500 million | 0.57% | |
| Over $1 billion | 0.54% |
| Fund | Ticker |
| Janus Henderson Global Artificial Intelligence ETF | JHAI |
The Fund listed below will be subject to the following Fee Schedule, effective January 22, 2026:
| Assets Under Management | Daily Net Assets (annual rate) | |
| $0-$2 billion | 0.29% | |
| Next $3 billion | 0.27% | |
| Over $5 billion | 0.25% |
| Fund | Ticker |
| Janus Henderson AA-A CLO ETF | JA |
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