PCMM

BondBloxx Private Credit CLO ETF

$50.31

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The BondBloxx Private Credit CLO ETF (PCMM) seeks to provide exposure to the private credit collateralized loan obligation (CLO) market, which consists of securitized pools of senior secured corporate loans.

Overview

ETF tracking BondBloxx Private Credit CLO ETF

Category Fixed Income

Issuer Other

Inception Date 2024-12-03

Market Cap $161.0M

Average Volume N/A

Dividend Yield 5.94%

52-Week Range $48.85 - $51.31

VWAP $50.30

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF aims to track the performance of the BondBloxx Private Credit CLO Index, which is designed to measure the performance of the U.S. private credit CLO market. The fund invests primarily in CLO securities issued by private credit managers.

✨ Key Features

Exposure to the private credit CLO market, which can provide diversification benefits for fixed income portfolios
Potential for higher yields compared to traditional fixed income investments
Actively managed portfolio of CLO securities selected by the fund's investment team
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: The risk that the underlying corporate loans within the CLO securities may default or experience credit downgrades
Liquidity risk: The private credit CLO market may have lower liquidity compared to more traditional fixed income markets
Interest rate risk: Changes in interest rates can affect the value of the CLO securities held by the fund
Concentration risk: The fund's focus on the private credit CLO market means it may be more susceptible to sector-specific risks

👤 Best For

The BondBloxx Private Credit CLO ETF may be suitable for investors seeking exposure to the private credit CLO market as part of a diversified fixed income portfolio. Investors should have a higher risk tolerance and a longer-term investment horizon to accommodate the potential volatility and illiquidity of the underlying investments.