Hartford AAA CLO ETF (TRPA)
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Hartford AAA CLO ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CW Cathleen Wrisberg Convergence Financial, LLC | 96,069 | $3.73M | $3.74M | $10,432.84 | 0.28% |
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Hartford AAA CLO ETF Profile
| BATS Exchange | US Country |
Overview
This company appears to be a fund that focuses primarily on investment in Collateralized Loan Obligations (CLOs), particularly emphasizing those with a AAA credit rating, which signifies the highest level of creditworthiness. A substantial portion of its net assets, at least 80%, is dedicated to such top-tier rated CLOs. However, it retains the flexibility to diversify its portfolio by including up to 20% of its net assets in CLOs with slightly lower ratings, specifically those rated AA or A, but no less than A- at the time of purchase. The fund operates without geographic limitation, investing in CLOs organized both in the United States and internationally. Additionally, it holds investments in safe-haven assets such as U.S. Treasury bills, notes, and bonds, as well as debts issued by agencies and instrumentalities of the U.S. government, though these are not its primary focus. This investment strategy suggests the fund aims to combine high credit quality and potential income generation through CLOs with the safety and stability provided by U.S. government debt securities.
Products and Services
- AAA Rated CLO Investments
The fund commits a major part of its portfolio, at least 80% of net assets, to investments in Collateralized Loan Obligations with a AAA rating. This product is designed for investors seeking exposure to high-quality CLOs, which are assessed to have the lowest risk of default and are therefore considered secure investments.
- AA and A Rated CLO Investments
For diversification and potentially higher returns, the fund provides the option to invest up to 20% of its net assets in CLOs rated AA or A, with a minimum rating of A- at the time of purchase. This option allows investors a measure of flexibility, tapping into CLOs with slightly higher risk but potentially greater rewards compared to AAA rated CLOs.
- U.S. Treasury and Government Debt Investments
Aside from CLOs, the fund invests in U.S. Treasury bills, notes, and bonds, including debt securities issued by agencies and instrumentalities of the U.S. government. While not the primary focus, these investments provide a foundation of stability and safety to the fund's portfolio, catering to investors looking for secure and less volatile assets.
