CLOX
Eldridge AAA CLO ETF
📎 Investment Objective
The Eldridge AAA CLO ETF (CLOX) seeks to provide exposure to the highest-rated tranches of collateralized loan obligations (CLOs).
Overview
ETF tracking Eldridge AAA CLO ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Eldridge AAA CLO ETF (CLOX) seeks to provide exposure to the highest-rated tranches of collateralized loan obligations (CLOs).
🎯 Investment Strategy
The fund invests primarily in AAA-rated CLO tranches, which are considered the safest and most senior portion of a CLO structure. The portfolio is actively managed to maintain exposure to high-quality CLO investments.
✨ Key Features
- Focuses on the highest-rated CLO tranches for potentially lower risk
- Actively managed portfolio to navigate the CLO market
- Low expense ratio of 0.00%
- Limited performance history due to recent fund launch
⚠️ Primary Risks
- Credit risk from underlying CLO investments
- Interest rate risk as CLO valuations can be sensitive to changes in rates
- Liquidity risk as the CLO market may have periods of lower trading volume
- Lack of long-term performance history to evaluate
👤 Best For
This ETF may be suitable for investors seeking exposure to the senior, highest-quality portion of the CLO market as part of a diversified fixed income allocation. However, the limited performance history means it may be more appropriate for experienced investors able to evaluate the risks.