Panagram BBB-B CLO ETF

CLOZ

Market cap $854M

Overview Fund Activity

26.85 USD

+0.01

0.04%

At close Updated Sep 16, 4:00 PM EDT

Pre-market

After hours

26.88

+0.03

0.11%

1 day

0.04%

5 days

0.19%

1 month

-0.04%

3 months

0.52%

6 months

0.37%

Year to date

-0.44%

1 year

-0.07%

5 years

6.76%

10 years

6.76%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

3.02% more ownership

Funds ownership: 39.12% [Q1] → 42.14% (+3.02%) [Q2]

1% more capital invested

Capital invested by funds: $325M [Q1] → $328M (+$2.57M) [Q2]

0% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 21

0% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 24

3% less funds holding

Funds holding: 87 [Q1] → 84 (-3) [Q2]

40% less funds holding in top 10

Funds holding in top 10: 5 [Q1] → 3 (-2) [Q2]

See Fund Rankings

Financial journalist opinion

CEFs Are Becoming Less Appealing For Income Investors

The investment case for closed-end funds (CEFs) is weak now due to tight discounts, high leverage costs, and expensive underlying assets. Most CEFs do not deliver sustainable alpha, and lower-fee actively managed ETFs now offer similar exposures with better economics. We have reduced our CEF allocation, favoring alternatives like BDCs, select ETFs, preferreds, and bonds for better value and risk/reward.

CEFs Are Becoming Less Appealing For Income Investors

3 Of The Best CLO ETFs: Good Returns, Great Yields, And Below-Average Risk

CLO ETFs have higher yields, lower risk and volatility, than most other types of fixed-income ETFs. Performance has been exceedingly strong for years, albeit a bit weaker since the Fed cut rates last year. There are CLO ETFs with different risk-return profiles, some appropriate for more risk-averse investors, some for more aggressive ones.

3 Of The Best CLO ETFs: Good Returns, Great Yields, And Below-Average Risk

CLOZ Vs. USHY: Which Is Best For Income Investors And Retirees?

CLOs have been one of the best-performing income asset classes of these past few years, as has CLOZ. Due to the fund's strong investment thesis and popularity, I thought to compare it with USHY, a simple high-yield bond ETF. CLOZ has a higher yield, stronger past returns, and lower risk and volatility.

CLOZ Vs. USHY: Which Is Best For Income Investors And Retirees?

CLOZ: You May Not Want To Buy BB CLO Tranches At Current Spreads

CLOZ offers exposure to BB and BBB CLO tranches, blending investment-grade and high-yield risk for a 7.7% SEC yield and floating rate income. Current CLO spreads are historically tight, making the risk/reward unattractive; a significant drawdown is possible if spreads widen to past levels. Recent management changes add uncertainty, as the fund lost an experienced manager, and new leadership's performance in stressed markets is unproven.

CLOZ: You May Not Want To Buy BB CLO Tranches At Current Spreads

Eldridge's Gilbert: CLOs “Incredibly Resilient, Often Misunderstood”

Fixed income investors who want to diversify their portfolios in a challenging market environment shouldn't overlook CLOs. Danielle Gilbert, managing director at Eldridge Capital Management, discussed the value of CLOs in investment portfolios with VettaFi's Todd Rosenbluth in the recent Income Investment Strategy Symposium.

Eldridge's Gilbert: CLOs “Incredibly Resilient, Often Misunderstood”

Eldridge's Gilbert: CLOs “Incredibly Resilient, Often Misunderstood”

Fixed income investors who want to diversify their portfolios in a challenging market environment shouldn't overlook CLOs. Danielle Gilbert, managing director at Eldridge Capital Management, discussed the value of CLOs in investment portfolios with VettaFi's Todd Rosenbluth in the recent Income Investment Strategy Symposium.

Eldridge's Gilbert: CLOs “Incredibly Resilient, Often Misunderstood”

Advisors Plan to Take on Credit — Not Duration — Risk

Advisors don't want to take on much interest rate risk. But many are willing to take on some credit risk.

Advisors Plan to Take on Credit — Not Duration — Risk

Rush to De-Risk: Nervous Exodus From Structured Credit ETFs

Rising tariff turmoil has sparked a run from credit-sensitive instruments, with escalating trade tensions threatening economic stability. Wednesday's GDP print stoked recessionary fears when it showed the U.S. economy contracted for the first time since early 2022.

Rush to De-Risk: Nervous Exodus From Structured Credit ETFs

CLOZ: Riskier Than You Think, Yet Probably Still Worth It

Eldridge BBB-B CLO ETF remains resilient despite the changing credit cycle, supported by its commendable yield and industry diversification. Recent performance and fundamental resilience of CLOZ highlight its robustness as a higher-risk CLO vehicle. A cash-as-contingency feature bolsters our confidence in CLOZ's ability to navigate rising leverage loan risks.

CLOZ: Riskier Than You Think, Yet Probably Still Worth It

CLOZ: Better Income Than A Money Market Account And Less Volatile Than Stocks

The fund's strategy focuses on generating consistent income from CLO debt investments rated at a BBB and BB. The outlook for the fund remains positive, supported by strong market fundamentals and effective management strategies. The portfolio is highly diverse and NAV growth has been positive. Although there are risks related to CLOs, CLOZ focuses on higher rated debt investments.

CLOZ: Better Income Than A Money Market Account And Less Volatile Than Stocks

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