PCLO

VIRTUS SEIX AAA Private Credit CLO ETF

$25.02

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Virtus Seix AAA Private Credit CLO ETF (PCLO) seeks to provide current income by investing primarily in collateralized loan obligations (CLOs) that are rated AAA.

Overview

ETF tracking VIRTUS SEIX AAA Private Credit CLO ETF

Category Fixed Income

Issuer Other

Inception Date 2024-12-03

Market Cap $17.5M

Average Volume N/A

Dividend Yield 4.65%

52-Week Range $24.76 - $25.14

VWAP $25.02

Performance

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Investment Summary

📎 Investment Objective

The Virtus Seix AAA Private Credit CLO ETF (PCLO) seeks to provide current income by investing primarily in collateralized loan obligations (CLOs) that are rated AAA.

🎯 Investment Strategy

The fund invests in a diversified portfolio of AAA-rated CLOs, which are structured credit products backed by a pool of senior secured corporate loans. The fund's investment manager aims to generate attractive risk-adjusted returns through active security selection and portfolio management.

✨ Key Features

Focuses on the highest-rated tranche of CLOs to potentially provide stable income with lower volatility
Provides exposure to the private credit market, which can offer diversification benefits for fixed income portfolios
Actively managed by an experienced team of credit analysts and portfolio managers

⚠️ Primary Risks

Credit risk: The fund is exposed to the creditworthiness of the underlying corporate loans in the CLO pool
Interest rate risk: CLO prices may decline when interest rates rise
Liquidity risk: The private credit market can be less liquid than public markets, which may impact the fund's ability to sell holdings
Concentration risk: The fund's focus on AAA-rated CLOs means it has limited diversification across credit quality

👤 Best For

This ETF may be suitable for investors seeking stable income and diversification within their fixed income allocation, with a higher risk tolerance than traditional bond funds. It is best suited for investors with a medium-to long-term investment horizon who understand the risks associated with structured credit products.