BondBloxx Private Credit CLO ETF

PCMM

Market cap $203M

BondBloxx Private Credit CLO ETF is rated 'Sell' due to an unfavorable macro environment and historically tight CLO spreads. PCMM's focus on middle market CLO tranches exposes it to floating rate risk and potential for larger drawdowns compared to broadly syndicated CLO ETFs. Lower Fed Funds rates are expected to directly reduce PCMM's SEC yield, which currently stands at 6.15%.

Redemptions are rising and managers are starting to limit withdrawals. Software-linked lending is flashing stress signals.

We don't see recent events in private credit as a systemic risk. Yet they raise important questions about the broader implications for spread markets, default rates, and the impact of questionable rating practices.

State Street Investment Management is continuing its push into the intersection of public and private credit with the launch of a new ETF.  The firm announced today the launch of the State Street IG Public & Private ABS ETF (PRAB).

LARKSPUR, Calif., Feb. 19, 2026 (GLOBE NEWSWIRE) -- BondBloxx Investment Management, a leading provider of precision fixed income ETFs, is proud to announce that its BondBloxx Private Credit CLO ETF (PCMM) was named “Newcomer Fixed Income ETF of the Year” at the 2026 With Intelligence Mutual Fund & ETF Awards.

From a new Fed chair nominee to a hard turn to risk-off trading in some parts of the market - the broader landscape is rapidly changing for ETF investors. BondBloxx ETFs co-founder Joanna Gallegos and Strategas Securities technical strategist Todd Sohn sit down with CNBC's Dominic Chu to discuss this and much more on “ETF Edge.

Private markets were historically for institutional and ultra-high-net-worth investors. Today, that exclusivity is breaking down, as many retail investors realize the value behind private markets and advisors look for additional diversification tools.

PCMM offers investors access to a diversified private credit portfolio with the transparency and liquidity of an ETF and a management fee that is 50% less than most interval funds Exchange traded, pure private credit exposure offered by PCMM has helped make it a standout over the past twelve months as the universe of more accessible private credit investments has expanded LARKSPUR, Calif., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Launched just over a year ago, the BondBloxx Private Credit CLO ETF (PCMM) has quickly emerged as a leader in the private credit ETF category, offering investors targeted exposure to loans powering the growth of America's privately owned “middle market” companies, one of the true growth engines of the U.S. economy.

Launched earlier this year to considerable fanfare, the SPDR SSGA IG Public & Private Credit ETF (PRIV) was designed to democratize access to the private credit markets — a massive $3 trillion sector once exclusive to institutional players and high-net-worth individuals.

BondBloxx is today marking what has been a year of growth, momentum and major milestones for the firm and its growing lineup of Exchange Traded Funds.