Eldridge BBB-B CLO ETFEldridge BBB-B CLO ETFEldridge BBB-B CLO ETF

Eldridge BBB-B CLO ETF

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Key stats


Assets under management (AUM)
‪793.57 M‬USD
Fund flows (1Y)
‪400.49 M‬USD
Dividend yield (indicated)
8.22%
Discount/Premium to NAV
0.2%
Shares outstanding
‪29.80 M‬
Expense ratio
0.50%

About Eldridge BBB-B CLO ETF


Issuer
NZC Capital LLC
Brand
Eldridge
Home page
www.clozfund.com
Inception date
Jan 24, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Eldridge Structured Credit Advisers LLC
Distributor
Quasar Distributors LLC
CLOZ targets USD-denominated collateralized loan obligations (CLOs) that are rated between BBB+ and B-. CLOs are issued by trusts or special purpose entities that are collateralized by a pool of loans, which may include senior secured loans, senior unsecured loans, and subordinate corporate loans. Investments could be of any maturity, purchased from both the primary and secondary markets. The fund primarily invests in CLOs rated BB- to BBB, which are expected to have about 70% exposure to high-yield tranches. The adviser applies a bottom-up approach to review the current market environment for potential investment opportunities. The portfolio is monitored daily to proactively position investments for changing market conditions. Positions may be sold for more attractive investments or after a reevaluation of the investments credit profile. Up to 10% of assets may be invested in CLOs rated above BBB+. No more than 20% is invested in obligations managed by a single CLO manager. Prior to January 2, 2025, the fund was named Panagram BBB-B CLO ETF.

Broaden your horizons with more funds linked to CLOZ via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
Broad credit
Niche
Floating rate
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Securitized
Bonds, Cash & Other100.00%
Securitized93.32%
Cash4.16%
Corporate2.52%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CLOZ trades at 26.73 USD today, its price has risen 0.13% in the past 24 hours. Track more dynamics on CLOZ price chart.
CLOZ net asset value is 26.64 today — it's risen 0.71% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CLOZ assets under management is ‪793.57 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CLOZ price has risen by 0.24% over the last month, and its yearly performance shows a −0.47% decrease. See more dynamics on CLOZ price chart.
NAV returns, another gauge of an ETF dynamics, showed a 4.95% increase in three-month performance and has increased by 8.26% in a year.
CLOZ fund flows account for ‪400.49 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CLOZ invests in bonds. See more details in our Analysis section.
CLOZ expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CLOZ isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CLOZ technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CLOZ shows the neutral signal. See more of CLOZ technicals for a more comprehensive analysis.
Yes, CLOZ pays dividends to its holders with the dividend yield of 8.22%.
CLOZ trades at a premium (0.19%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CLOZ shares are issued by NZC Capital LLC
CLOZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 24, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.