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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_GrowthSecuritiesRiskMember_lbl" xml:lang="en-US">Growth Securities Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000093664Member_lbl" xml:lang="en-US">Janus Henderson Asset-Backed Securities ETF</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000262100Member_lbl" xml:lang="en-US">Janus Henderson Asset-Backed Securities ETF Shares</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_CommercialMortgageBackedSecuritiesRiskMember_lbl" xml:lang="en-US">Commercial Mortgage-Backed Securities Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_AgencyMortgageBackedSecuritiesRiskMember_lbl" xml:lang="en-US">Agency Mortgage-Backed Securities Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_DerivativesRiskMember_lbl" xml:lang="en-US">Derivatives Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_CounterpartyRiskMember_lbl" xml:lang="en-US">Counterparty Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_FloatingRateObligationsRiskMember_lbl" xml:lang="en-US">Floating Rate Obligations Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_RuleASecuritiesandOtherExemptSecuritiesRiskMember_lbl" xml:lang="en-US">Rule 144A Securities and Other Exempt Securities Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_LargeShareholderRiskMember_lbl" xml:lang="en-US">Large Shareholder Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000069705Member_lbl" xml:lang="en-US">Janus Henderson AAA CLO ETF</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000222294Member_lbl" xml:lang="en-US">Janus Henderson AAA CLO ETF Shares</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_DebtSecuritiesRiskMember_lbl" xml:lang="en-US">Debt Securities Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_InvestmentFocusRiskMember_lbl" xml:lang="en-US">Investment Focus Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_NewlyIssuedSecuritiesRiskMember" xlink:label="janus_NewlyIssuedSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_NewlyIssuedSecuritiesRiskMember" xlink:to="janus_NewlyIssuedSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_NewlyIssuedSecuritiesRiskMember_lbl" xml:lang="en-US">Newly Issued Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_ExtendedSettlementRiskMember" xlink:label="janus_ExtendedSettlementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_ExtendedSettlementRiskMember" xlink:to="janus_ExtendedSettlementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_ExtendedSettlementRiskMember_lbl" xml:lang="en-US">Extended Settlement Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_AAAINDEX1Member" xlink:label="janus_AAAINDEX1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_AAAINDEX1Member" xlink:to="janus_AAAINDEX1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_AAAINDEX1Member_lbl" xml:lang="en-US">Bloomberg U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_AAANDEX2Member" xlink:label="janus_AAANDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_AAANDEX2Member" xlink:to="janus_AAANDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_AAANDEX2Member_lbl" xml:lang="en-US">J.P. Morgan CLOIE AAA Total Return Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000074691Member" xlink:label="janus_S000074691Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000074691Member" xlink:to="janus_S000074691Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000074691Member_lbl" xml:lang="en-US">Janus Henderson B-BBB CLO ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000232781Member" xlink:label="janus_C000232781Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000232781Member" xlink:to="janus_C000232781Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000232781Member_lbl" xml:lang="en-US">Janus Henderson B-BBB CLO ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_BelowInvestmentGradeCLORiskMember" xlink:label="janus_BelowInvestmentGradeCLORiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_BelowInvestmentGradeCLORiskMember" xlink:to="janus_BelowInvestmentGradeCLORiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_BelowInvestmentGradeCLORiskMember_lbl" xml:lang="en-US">Below Investment Grade CLO Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_AffiliatedUnderlyingFundRiskMember" xlink:label="janus_AffiliatedUnderlyingFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_AffiliatedUnderlyingFundRiskMember" xlink:to="janus_AffiliatedUnderlyingFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_AffiliatedUnderlyingFundRiskMember_lbl" xml:lang="en-US">Affiliated Underlying Fund Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_BBBINDEX1Member" xlink:label="janus_BBBINDEX1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_BBBINDEX1Member" xlink:to="janus_BBBINDEX1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="janus_BBBINDEX1Member_lbl" xml:lang="en-US">Bloomberg U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_BBBINDEX2Member" xlink:label="janus_BBBINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_BBBINDEX2Member" xlink:to="janus_BBBINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_BBBINDEX2Member_lbl" xml:lang="en-US">J.P. Morgan CLO High Quality Mezzanine Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000073434Member" xlink:label="janus_S000073434Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000073434Member" xlink:to="janus_S000073434Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000073434Member_lbl" xml:lang="en-US">Janus Henderson Corporate Bond ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000230327Member" xlink:label="janus_C000230327Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000230327Member" xlink:to="janus_C000230327Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000230327Member_lbl" xml:lang="en-US">Janus Henderson Corporate Bond ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_CorporateBondRiskMember" xlink:label="janus_CorporateBondRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_CorporateBondRiskMember" xlink:to="janus_CorporateBondRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_CorporateBondRiskMember_lbl" xml:lang="en-US">Corporate Bond Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_HighYieldBondRiskMember" xlink:label="janus_HighYieldBondRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_HighYieldBondRiskMember" xlink:to="janus_HighYieldBondRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_HighYieldBondRiskMember_lbl" xml:lang="en-US">High-Yield Bond Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_ReverseRepurchaseAgreementRiskMember" xlink:label="janus_ReverseRepurchaseAgreementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_ReverseRepurchaseAgreementRiskMember" xlink:to="janus_ReverseRepurchaseAgreementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_ReverseRepurchaseAgreementRiskMember_lbl" xml:lang="en-US">Reverse Repurchase Agreement Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_LeverageRiskMember" xlink:label="janus_LeverageRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_LeverageRiskMember" xlink:to="janus_LeverageRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_LeverageRiskMember_lbl" xml:lang="en-US">Leverage Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_SmallerSizedFundRiskMember" xlink:label="janus_SmallerSizedFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_SmallerSizedFundRiskMember" xlink:to="janus_SmallerSizedFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_SmallerSizedFundRiskMember_lbl" xml:lang="en-US">Smaller Sized Fund Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_PortfolioTurnoverRiskMember" xlink:label="janus_PortfolioTurnoverRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_PortfolioTurnoverRiskMember" xlink:to="janus_PortfolioTurnoverRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_PortfolioTurnoverRiskMember_lbl" xml:lang="en-US">Portfolio Turnover Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_CORPINDEX2Member" xlink:label="janus_CORPINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_CORPINDEX2Member" xlink:to="janus_CORPINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="janus_CORPINDEX2Member_lbl" xml:lang="en-US">Bloomberg U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_CORPINDEX1Member" xlink:label="janus_CORPINDEX1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_CORPINDEX1Member" xlink:to="janus_CORPINDEX1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_CORPINDEX1Member_lbl" xml:lang="en-US">Bloomberg U.S. Corporate Bond Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000086372Member" xlink:label="janus_S000086372Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000086372Member" xlink:to="janus_S000086372Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000086372Member_lbl" xml:lang="en-US">Janus Henderson Emerging Markets Debt Hard Currency ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_FrontierMarketsRiskMember" xlink:label="janus_FrontierMarketsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_FrontierMarketsRiskMember" xlink:to="janus_FrontierMarketsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_FrontierMarketsRiskMember_lbl" xml:lang="en-US">Frontier Markets Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_SovereignandQuasiSovereignDebtRiskMember" xlink:label="janus_SovereignandQuasiSovereignDebtRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_SovereignandQuasiSovereignDebtRiskMember" xlink:to="janus_SovereignandQuasiSovereignDebtRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_SovereignandQuasiSovereignDebtRiskMember_lbl" xml:lang="en-US">Sovereign and Quasi-Sovereign Debt Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GeographicConcentrationRiskMember" xlink:label="us-gaap_GeographicConcentrationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeographicConcentrationRiskMember" xlink:to="us-gaap_GeographicConcentrationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeographicConcentrationRiskMember_lbl" xml:lang="en-US">Geographic Concentration Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_NewFundRiskMember" xlink:label="janus_NewFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_NewFundRiskMember" xlink:to="janus_NewFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_NewFundRiskMember_lbl" xml:lang="en-US">New Fund Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000251866Member" xlink:label="janus_C000251866Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000251866Member" xlink:to="janus_C000251866Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000251866Member_lbl" xml:lang="en-US">Janus Henderson Emerging Markets Debt Hard Currency ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_DEBTINDEX1Member" xlink:label="janus_DEBTINDEX1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_DEBTINDEX1Member" xlink:to="janus_DEBTINDEX1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_DEBTINDEX1Member_lbl" xml:lang="en-US">Bloomberg Global Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_DEBTINDEX2Member" xlink:label="janus_DEBTINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_DEBTINDEX2Member" xlink:to="janus_DEBTINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_DEBTINDEX2Member_lbl" xml:lang="en-US">J.P. Morgan EMBI Global Core Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000088762Member" xlink:label="janus_S000088762Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000088762Member" xlink:to="janus_S000088762Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000088762Member_lbl" xml:lang="en-US">Janus Henderson Income ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000255137Member" xlink:label="janus_C000255137Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000255137Member" xlink:to="janus_C000255137Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000255137Member_lbl" xml:lang="en-US">Janus Henderson Income ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_MortgageandAssetBackedSecuritiesRiskMember" xlink:label="janus_MortgageandAssetBackedSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_MortgageandAssetBackedSecuritiesRiskMember" xlink:to="janus_MortgageandAssetBackedSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_MortgageandAssetBackedSecuritiesRiskMember_lbl" xml:lang="en-US">Mortgage- and Asset-Backed Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_LoanRiskMember" xlink:label="janus_LoanRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_LoanRiskMember" xlink:to="janus_LoanRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_LoanRiskMember_lbl" xml:lang="en-US">Loan Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_CollateralizedLoanObligationRiskMember" xlink:label="janus_CollateralizedLoanObligationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_CollateralizedLoanObligationRiskMember" xlink:to="janus_CollateralizedLoanObligationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_CollateralizedLoanObligationRiskMember_lbl" xml:lang="en-US">Collateralized Loan Obligation Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_TBACommitmentsRiskMember" xlink:label="janus_TBACommitmentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_TBACommitmentsRiskMember" xlink:to="janus_TBACommitmentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_TBACommitmentsRiskMember_lbl" xml:lang="en-US">TBA Commitments Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_CreditRiskTransferSecuritiesRiskMember" xlink:label="janus_CreditRiskTransferSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_CreditRiskTransferSecuritiesRiskMember" xlink:to="janus_CreditRiskTransferSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_CreditRiskTransferSecuritiesRiskMember_lbl" xml:lang="en-US">Credit Risk Transfer Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_SovereignDebtRiskMember" xlink:label="janus_SovereignDebtRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_SovereignDebtRiskMember" xlink:to="janus_SovereignDebtRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_SovereignDebtRiskMember_lbl" xml:lang="en-US">Sovereign Debt Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_ShortExposureRiskMember" xlink:label="janus_ShortExposureRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_ShortExposureRiskMember" xlink:to="janus_ShortExposureRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_ShortExposureRiskMember_lbl" xml:lang="en-US">Short Exposure Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000063007Member" xlink:label="janus_S000063007Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000063007Member" xlink:to="janus_S000063007Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000063007Member_lbl" xml:lang="en-US">Janus Henderson Mortgage-Backed Securities ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000204446Member" xlink:label="janus_C000204446Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000204446Member" xlink:to="janus_C000204446Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000204446Member_lbl" xml:lang="en-US">Janus Henderson Mortgage-Backed Securities ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_MORTINDEX2Member" xlink:label="janus_MORTINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_MORTINDEX2Member" xlink:to="janus_MORTINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_MORTINDEX2Member_lbl" xml:lang="en-US">Bloomberg U.S. Mortgage Backed Securities Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000082930Member" xlink:label="janus_S000082930Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000082930Member" xlink:to="janus_S000082930Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000082930Member_lbl" xml:lang="en-US">Janus Henderson Securitized Income ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000246278Member" xlink:label="janus_C000246278Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000246278Member" xlink:to="janus_C000246278Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000246278Member_lbl" xml:lang="en-US">Janus Henderson Securitized Income ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_CollateralizedMortgageObligationRiskMember" xlink:label="janus_CollateralizedMortgageObligationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_CollateralizedMortgageObligationRiskMember" xlink:to="janus_CollateralizedMortgageObligationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_CollateralizedMortgageObligationRiskMember_lbl" xml:lang="en-US">Collateralized Mortgage Obligation Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_MortgageDollarRollsRiskMember" xlink:label="janus_MortgageDollarRollsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_MortgageDollarRollsRiskMember" xlink:to="janus_MortgageDollarRollsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_MortgageDollarRollsRiskMember_lbl" xml:lang="en-US">Mortgage Dollar Rolls Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_SECUINDEX2Member" xlink:label="janus_SECUINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_SECUINDEX2Member" xlink:to="janus_SECUINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_SECUINDEX2Member_lbl" xml:lang="en-US">ICE BofA US ABS &amp; CMBS Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000055281Member" xlink:label="janus_S000055281Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000055281Member" xlink:to="janus_S000055281Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000055281Member_lbl" xml:lang="en-US">Janus Henderson Short Duration Income ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000173876Member" xlink:label="janus_C000173876Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000173876Member" xlink:to="janus_C000173876Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000173876Member_lbl" xml:lang="en-US">Janus Henderson Short Duration Income ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_NotaMoneyMarketFundRiskMember" xlink:label="janus_NotaMoneyMarketFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_NotaMoneyMarketFundRiskMember" xlink:to="janus_NotaMoneyMarketFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_NotaMoneyMarketFundRiskMember_lbl" xml:lang="en-US">Not a Money Market Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_SDINDEX2Member" xlink:label="janus_SDINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_SDINDEX2Member" xlink:to="janus_SDINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_SDINDEX2Member_lbl" xml:lang="en-US">ICE BofA U.S. 3-Month Treasury Bill Total Return Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000094567Member" xlink:label="janus_S000094567Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000094567Member" xlink:to="janus_S000094567Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000094567Member_lbl" xml:lang="en-US">Janus Henderson Global Artificial Intelligence ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_ArtificialIntelligenceInvestingRiskMember" xlink:label="janus_ArtificialIntelligenceInvestingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_ArtificialIntelligenceInvestingRiskMember" xlink:to="janus_ArtificialIntelligenceInvestingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_ArtificialIntelligenceInvestingRiskMember_lbl" xml:lang="en-US">Artificial Intelligence Investing Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000071696Member" xlink:label="janus_S000071696Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000071696Member" xlink:to="janus_S000071696Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000071696Member_lbl" xml:lang="en-US">Janus Henderson U.S. Real Estate ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000227173Member" xlink:label="janus_C000227173Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000227173Member" xlink:to="janus_C000227173Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="janus_C000227173Member_lbl" xml:lang="en-US">Janus Henderson U.S. Real Estate ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_InitialPublicOfferingRiskMember" xlink:label="janus_InitialPublicOfferingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_InitialPublicOfferingRiskMember" xlink:to="janus_InitialPublicOfferingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_InitialPublicOfferingRiskMember_lbl" xml:lang="en-US">Initial Public Offering Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_ESGInvestmentRiskMember" xlink:label="janus_ESGInvestmentRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_ESGInvestmentRiskMember" xlink:to="janus_ESGInvestmentRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_ESGInvestmentRiskMember_lbl" xml:lang="en-US">E S G Investment Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_INDEX1JREMember" xlink:label="janus_INDEX1JREMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_INDEX1JREMember" xlink:to="janus_INDEX1JREMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_INDEX1JREMember_lbl" xml:lang="en-US">Russell 3000TM Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_INDEX2JREMember" xlink:label="janus_INDEX2JREMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_INDEX2JREMember" xlink:to="janus_INDEX2JREMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_INDEX2JREMember_lbl" xml:lang="en-US">FTSE Nareit Equity REITs Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000087757Member" xlink:label="janus_S000087757Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000087757Member" xlink:to="janus_S000087757Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000087757Member_lbl" xml:lang="en-US">Janus Henderson Mid Cap Growth Alpha ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000253667Member" xlink:label="janus_C000253667Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000253667Member" xlink:to="janus_C000253667Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000253667Member_lbl" xml:lang="en-US">Janus Henderson Mid Cap Growth Alpha ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_MidSizedCompaniesRiskMember" xlink:label="janus_MidSizedCompaniesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_MidSizedCompaniesRiskMember" xlink:to="janus_MidSizedCompaniesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_MidSizedCompaniesRiskMember_lbl" xml:lang="en-US">Mid-Sized Companies Risk.</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_JMIDINDEX1Member" xlink:label="janus_JMIDINDEX1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_JMIDINDEX1Member" xlink:to="janus_JMIDINDEX1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="janus_JMIDINDEX1Member_lbl" xml:lang="en-US">Russell 3000TM Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_JMIDINDEX2Member" xlink:label="janus_JMIDINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_JMIDINDEX2Member" xlink:to="janus_JMIDINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_JMIDINDEX2Member_lbl" xml:lang="en-US">Russell Midcap&#174; Growth Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000052563Member" xlink:label="janus_S000052563Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000052563Member" xlink:to="janus_S000052563Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000052563Member_lbl" xml:lang="en-US">Janus Henderson Small Cap Growth Alpha ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000165024Member" xlink:label="janus_C000165024Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000165024Member" xlink:to="janus_C000165024Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000165024Member_lbl" xml:lang="en-US">Janus Henderson Small Cap Growth Alpha ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_SmallSizedCompaniesRiskMember" xlink:label="janus_SmallSizedCompaniesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_SmallSizedCompaniesRiskMember" xlink:to="janus_SmallSizedCompaniesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_SmallSizedCompaniesRiskMember_lbl" xml:lang="en-US">Small-Sized Companies Risk.</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_JANUSSMALLCAPINDEX1Member" xlink:label="janus_JANUSSMALLCAPINDEX1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_JANUSSMALLCAPINDEX1Member" xlink:to="janus_JANUSSMALLCAPINDEX1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="janus_JANUSSMALLCAPINDEX1Member_lbl" xml:lang="en-US">Russell 3000TM Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_JANUSSMALLCAPINDEX2Member" xlink:label="janus_JANUSSMALLCAPINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_JANUSSMALLCAPINDEX2Member" xlink:to="janus_JANUSSMALLCAPINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_JANUSSMALLCAPINDEX2Member_lbl" xml:lang="en-US">Russell 2000TM Growth Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_S000052564Member" xlink:label="janus_S000052564Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_S000052564Member" xlink:to="janus_S000052564Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_S000052564Member_lbl" xml:lang="en-US">Janus Henderson Small/Mid Cap Growth Alpha ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000165025Member" xlink:label="janus_C000165025Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000165025Member" xlink:to="janus_C000165025Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000165025Member_lbl" xml:lang="en-US">Janus Henderson Small/Mid Cap Growth Alpha ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_JANUSSMALLMIDINDEX1Member" xlink:label="janus_JANUSSMALLMIDINDEX1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_JANUSSMALLMIDINDEX1Member" xlink:to="janus_JANUSSMALLMIDINDEX1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="janus_JANUSSMALLMIDINDEX1Member_lbl" xml:lang="en-US">Russell 3000TM Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_JANUSSMALLMIDINDEX2Member" xlink:label="janus_JANUSSMALLMIDINDEX2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_JANUSSMALLMIDINDEX2Member" xlink:to="janus_JANUSSMALLMIDINDEX2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_JANUSSMALLMIDINDEX2Member_lbl" xml:lang="en-US">Russell 2500TM Growth Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_JANUSSMALLMIDINDEX3Member" xlink:label="janus_JANUSSMALLMIDINDEX3Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_JANUSSMALLMIDINDEX3Member" xlink:to="janus_JANUSSMALLMIDINDEX3Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="janus_JANUSSMALLMIDINDEX3Member_lbl" xml:lang="en-US">Russell 2000TM Growth Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_C000263100Member" xlink:label="janus_C000263100Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000263100Member" xlink:to="janus_C000263100Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000263100Member_lbl" xml:lang="en-US">Janus Henderson Global Artificial Intelligence ETF Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="janus-20260227.xsd#janus_INCOMEINDEX1Member" xlink:label="janus_INCOMEINDEX1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_INCOMEINDEX1Member" xlink:to="janus_INCOMEINDEX1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="janus_INCOMEINDEX1Member_lbl" xml:lang="en-US">Bloomberg U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_BBBINDEX1Member" xlink:to="janus_BBBINDEX1Member_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_BBBINDEX1Member_2_lbl" xml:lang="en-US">Bloomberg U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes) [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_CORPINDEX2Member" xlink:to="janus_CORPINDEX2Member_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_CORPINDEX2Member_2_lbl" xml:lang="en-US">CORPINDEX2Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="janus_C000227173Member" xlink:to="janus_C000227173Member_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="janus_C000227173Member_2_lbl" xml:lang="en-US">Janus Henderson U.S. Real Estate ETF Shares</link:label>
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