Nuveen AA-BBB CLO ETF

NCLO

Market cap $80.9M

NCLO invests in a diversified portfolio of debt CLOs. Ratings range from AA to BB. Its 0.25% expense ratio is below-average, being the cheapest CLO ETF with exposure to several tranches. Same benefits as most CLO ETFs, with the extra diversification and lower expense ratio being its most important advantages to peers.

Nuveen AA-BBB CLO ETF is a relatively new CLO fund from Nuveen. The low expense ratios and high-quality underlying assets are a plus. We tell you how the big picture is looking for ominous for ECC and OXLC.

On Wednesday, Nuveen expanded its arsenal of ETFs with the launch of the Nuveen AA-BBB CLO ETF (NCLO).  The fund looks to provide high potential for current income for its investors.