Panagram BBB-B CLO ETF (CLOZ)
ARCA ARCA Primary Summary
CLOZ Chart
CLOZ: Rate Hikes Would Be Good News For This Fund
Eldridge BBB-B CLO ETF remains a buy, now positioned as an income anchor amid higher-for-longer interest rates. CLOZ offers a 6.8% estimated annual yield, with monthly distributions and a portfolio shift toward higher-quality BBB CLOs for risk mitigation. Despite underperforming peers YTD due to higher BB tranche exposure, CLOZ's AUM has grown, reflecting renewed investor confidence post-Fed meeting.
3 Strong, High-Yield Income ETFs
As credit spreads narrow, fewer and fewer high-yield ETFs are compelling buys. There are exceptions, and I'll be showcasing three of these in this article: CEFS, CLOZ, and JEMB. CLOZ's CLO portfolio provides the highest 7.2% dividend yield and the strongest risk-adjusted returns.
3 Strong, High-Yield Income ETFs
As credit spreads narrow, fewer and fewer high-yield ETFs are compelling buys. There are exceptions, and I'll be showcasing three of these in this article: CEFS, CLOZ, and JEMB. CLOZ's CLO portfolio provides the highest 7.3% dividend yield and strongest risk-adjusted returns.
Panagram BBB-B CLO ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 12,205 | $322,470 | $318,306.4 | -$4,163.6 | -1.29% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10,827 | $291,160.43 | $282,368.16 | -$8,792.27 | -3.02% |
 Joseph Castro Nuveen LLC | 78,589 | $2.08M | $2.05M | -$26,696.88 | -1.29% |
 Richard Slavik Newbridge Financial Services Group Inc. | 1,554 | $41,678.28 | $40,528.32 | -$1,149.96 | -2.76% |
| ECD Elizabeth C. DeWan WMG Financial Advisors LLC | 10,000 | $264,800 | $264,000 | -$800 | -0.3% |
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.
