Eldridge AAA CLO ETFEldridge AAA CLO ETFEldridge AAA CLO ETF

Eldridge AAA CLO ETF

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Key stats


Assets under management (AUM)
‪184.51 M‬USD
Fund flows (1Y)
‪126.24 M‬USD
Dividend yield (indicated)
5.67%
Discount/Premium to NAV
0.03%
Shares outstanding
‪7.25 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
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Eldridge Structured Credit Advisers LLC
Distributor
Quasar Distributors LLC
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%
Securitized98.03%
Cash1.97%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to CLOX via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CLOX trades at 25.46 USD today, its price has risen 0.02% in the past 24 hours. Track more dynamics on CLOX price chart.
CLOX net asset value is 25.46 today — it's risen 0.49% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CLOX assets under management is ‪184.51 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CLOX price has fallen by −0.08% over the last month, and its yearly performance shows a −0.24% decrease. See more dynamics on CLOX price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.48% increase in three-month performance and has increased by 5.93% in a year.
CLOX fund flows account for ‪126.24 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CLOX invests in bonds. See more details in our Analysis section.
CLOX expense ratio is 0.20%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CLOX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CLOX technical analysis shows the sell rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CLOX shows the strong sell signal. See more of CLOX technicals for a more comprehensive analysis.
Yes, CLOX pays dividends to its holders with the dividend yield of 5.67%.
CLOX trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CLOX shares are issued by NZC Capital LLC
CLOX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 19, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.