Panagram BBB-B CLO ETF (CLOZ)
ARCA ARCA Primary Summary
CLOZ Chart
CLOZ And The Real Risk Of BBB Tranches
CLOZ is an ETF that works with BBB CLO tranches, high yielding. Together with JBBB, it has become a very popular solution with spread tightening: stable prices and higher yields than AAA tranches. But CLOZ has a higher spread duration than solutions based on AAA tranches; therefore, greater risk of contraction in case of spread widening.
3 Of The Best CLO ETFs: Good Returns, Great Yields, And Below-Average Risk
CLO ETFs have higher yields, lower risk and volatility, than most other types of fixed-income ETFs. Performance has been exceedingly strong for years, albeit a bit weaker since the Fed cut rates last year. There are CLO ETFs with different risk-return profiles, some appropriate for more risk-averse investors, some for more aggressive ones.
CLOZ Vs. USHY: Which Is Best For Income Investors And Retirees?
CLOs have been one of the best-performing income asset classes of these past few years, as has CLOZ. Due to the fund's strong investment thesis and popularity, I thought to compare it with USHY, a simple high-yield bond ETF. CLOZ has a higher yield, stronger past returns, and lower risk and volatility.
Panagram BBB-B CLO ETF (CLOZ) FAQ
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Panagram BBB-B CLO ETF Profile
| ARCA Exchange | US Country |
Overview
This fund operates as an actively managed exchange-traded fund (ETF) that specializes in investing primarily in collateralized loan obligations (CLOs). Its strategic focus is on CLOs that are rated from BBB+ to B- or have an equivalent rating by a Nationally Recognized Statistical Rating Organization (NRSRO). Structured as a non-diversified fund, it dedicates at least 80% of its net assets, in addition to any borrowings for investment purposes, towards its core investment strategy. This approach allows the fund to navigate and exploit opportunities within the CLO market, aiming to achieve its investment objective through precise and targeted investments.
Products and Services
- Collateralized Loan Obligations (CLOs) Investment
The fund's primary service offering involves the investment in CLOs that are rated between BBB+ and B- or hold an equivalent rating by an NRSRO. These investments form the core of the fund's portfolio, providing exposure to a range of credit opportunities within the CLO market. This strategy is designed to navigate the complexities of the CLO space, targeting investments that offer a balanced risk-return profile within the specified rating band.
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