Key stats
About Eldridge BBB-B CLO ETF
Home page
www.clozfund.com
Inception date
Jan 24, 2023
Structure
Open-Ended Fund
Replication method
Physical
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized93.32%
Cash4.16%
Corporate2.52%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CLOZ invests in bonds. The fund's major sectors are Securitized, with 93.32% stocks, and Corporate, with 2.52% of the basket. The assets are mostly located in the N/A region.
CLOZ last dividends amounted to 0.16 USD. The month before, the issuer paid 0.16 USD in dividends, which shows a 3.50% decrease.
CLOZ assets under management is 793.57 M USD. It's risen 3.55% over the last month.
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.
Yes, CLOZ pays dividends to its holders with the dividend yield of 8.22%. The last dividend (Jul 8, 2025) amounted to 0.16 USD. The dividends are paid monthly.
CLOZ shares are issued by NZC Capital LLC under the brand Eldridge. The ETF was launched on Jan 24, 2023, and its management style is Active.
CLOZ expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
CLOZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CLOZ invests in bonds.
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.
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 trades at a premium (0.19%) meaning the ETF is trading at a higher price than the calculated NAV.