Nuveen AA-BBB CLO ETF logo

Nuveen AA-BBB CLO ETF (NCLO)

Market Closed
16 Oct, 08:00 PM
ARCA ARCA
$
25. 02
+0.03
+0.12%
$
- Market Cap
- Div Yield
28,300 Volume
$ 24.99
Previous Close
Add Transaction
Day Range
25 25.02
Year Range
24.22 25.36
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NCLO: Not A Good Time For CLO Risk

NCLO: Not A Good Time For CLO Risk

Nuveen AA-BBB CLO ETF offers investment-grade CLO exposure but faces an unfavorable macro environment in 2026. NCLO's floating-rate structure, while robust in rising rates, will see yields decline as Fed Funds fall, reducing current income. Credit spreads for CLOs are historically tight, exposing NCLOs to potential -10% drawdowns in a recession despite low default risk.

Seekingalpha | 7 months ago