Eldridge AAA CLO ETFEldridge AAA CLO ETFEldridge AAA CLO ETF

Eldridge AAA CLO ETF

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Key stats


Assets under management (AUM)
‪104.73 M‬USD
Fund flows (1Y)
‪58.60 M‬USD
Dividend yield (indicated)
6.14%
Discount/Premium to NAV
0.2%
Shares outstanding
‪4.10 M‬
Expense ratio
0.20%

About Eldridge AAA CLO ETF


Issuer
NZC Capital LLC
Brand
Eldridge
Home page
Inception date
Jul 19, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
CLOX seeks current income, and to a lesser extent, preservation of capital by investing in the highest quality rated CLOs. The portfolio consists of USD-denominated collateralized loan obligations that are AAA rated, which may also include AA or A capped at 20% of assets. CLOs may include senior secured loans, senior unsecured loans, and subordinate corporate loans of any maturity, purchased from both the primary and secondary markets. The adviser monitors its portfolio daily and reviews current market environments using a bottom-up approach to proactively position investments for changing market conditions. No more than 20% is invested in obligations managed by a single CLO manager. Positions may be sold for more attractive investments or upon reevaluation of the investment's credit profile. As an actively managed fund, the managers have full discretion to make investment decisions at any time. Prior to January 2, 2025, the fund was named Panagram AAA CLO ETF.

Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
Investment grade
Niche
Floating rate
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Securitized
Bonds, Cash & Other100.00%
Securitized99.96%
Cash0.04%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.