Panagram BBB-B CLO ETF
CLOZ

$27.02

0.09%

Market Cap: 465M

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

233% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 3

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

25% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 5 (+1) [Q1 2024]

20% more funds holding

Funds holding: 20 [Q4 2023] → 24 (+4) [Q1 2024]

13% more capital invested

Capital invested by funds: $133M [Q4 2023] → $150M (+$16.8M) [Q1 2024]

11.01% less ownership

Funds ownership: 73.75% [Q4 2023] → 62.74% (-11.01%) [Q1 2024]

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Research analyst outlook

We haven’t received any recent analyst ratings for CLOZ.

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Financial journalist opinion

Fixed Income ETFs Support Range of Advisor Objectives

In the first half of 2024, fixed income ETFs represented 29% of the U.S. industry's flows. This is encouraging as the asset category represents just 18% of the asset base.

Fixed Income ETFs Support Range of Advisor Objectives

CLOZ: 4 Reasons Why I Am Bullish

Panagram BBB-B CLO ETF invests in below investment grade CLOs with a focus on BBB-B ratings for high-income and capital preservation. CLOZ is a unique product offering that has significant exposure to BB rated CLOs. BBB and BB rated CLOs are currently attractive relative to similar risk corporate securities.

CLOZ: 4 Reasons Why I Am Bullish

3 Strong, Little-Known Income ETFs

Some income ETFs offer high yields and strong value propositions, but fly under the radar of most investors. I've identified three such ETFs: RISR, HYGH and CLOZ. These offer yields in the 7% - 9% range, have outperformed since inception, and get little coverage at Seeking Alpha.

3 Strong, Little-Known Income ETFs

3 Strong Income ETFs, With +8.0% Yields

BIZD, CEFS, and CLOZ are three income ETFs offering investors strong, above-average yields, in the 8.4%-10.5% range. BIZD has the highest yield but is quite risky. CLOZ has the lowest yield, with low realized volatility, but some liquidity risks. CEFS is somewhere in between. All are strong, albeit somewhat risky, choices.

3 Strong Income ETFs, With +8.0% Yields

JBBB Vs. CLOZ: Which High-Yield CLO ETF Is Best For Income Investors?

JAAA and JBBB are both actively-managed ETFs investing in senior loan CLO tranches. JBBB focuses on BBB-rated tranches, CLOZ an even mix of BBB and BB. Both funds are broadly similar, with strong yields and performance track-records, and low volatility. There are some important differences between these, however.

JBBB Vs. CLOZ: Which High-Yield CLO ETF Is Best For Income Investors?

ETF Prime: Mercer on AI Investing & Developments + CLOs

On this week's episode of ETF Prime, Host Nate Geraci was joined by VettaFi Senior Research Analyst Zeno Mercer to discuss the artificial intelligence field and AI-related ETFs. Afterward, Geraci welcomed John Kim, Panagram CEO & CIO, to discuss his firm's CLOs ETFs.

ETF Prime: Mercer on AI Investing & Developments + CLOs

3 Reasons CLO ETFs Are A Buy, Even If The Fed Cuts

CLO ETFs offer investors strong yields with little credit or interest rate risk. These are variable rate ETFs, and should see declining dividends as the Fed cuts rates. I still think they are buys, for three key reasons.

3 Reasons CLO ETFs Are A Buy, Even If The Fed Cuts

Recapping the 2024 Fixed Income Symposium

A changing interest rate narrative prompted many advisors and investors to reevaluate their bond exposures this month. Asset managers stepped in to offer their perspectives on the changing market dynamics and where the risks and opportunities lie in the 2024 Fixed Income Symposium hosted by VettaFi.

Recapping the 2024 Fixed Income Symposium

Looking to Loan ETFs

Fixed income ETFs gathered $51 billion of new money in the first quarter. This represented 26% of the industry's net inflows.

Looking to Loan ETFs

CLOZ: High-Yield CLO Debt ETF, Strong 9.6%, Outstanding Performance

CLO debt ETFs offer investors strong yields without significant credit or rate risk. CLOZ focuses on CLO tranches rated BBB-BB, yielding significantly more than most bond ETFs, somewhat higher than its CLO peers. The fund has performed exceedingly well since its inception, and I have high hopes for the future.

CLOZ: High-Yield CLO Debt ETF, Strong 9.6%, Outstanding Performance

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