CLOZEldridge BBB-B CLO ETF

Get income3y track recordRanked #485 of 1,622 in this goal

Seeks to generate current income with a secondary objective of capital preservation.

By Eldridge Capital Management · Launched 2023

Annual Cost

0.50%

#2,576 of 5,562 · average

Fund Size

$668M

#1,360 of 5,562 · large

Dividend YieldGoal

7.46%

Track Record

3 years

#2,905 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,569+5.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Focus

CLO

What it actually holds

By weight

Concentration

Top 10 holdings = 14.4% of fund✓ well diversified

U.S. Bank Money Market Deposit AccountUSBFS04

5.5%

Benefit Street Partners CLO Lt

1.1%

Neuberger Berman CLO Ltd

1.0%

Birch Grove CLO Ltd.

1.0%

Madison Park Funding Ltd

1.0%

Babson CLO Ltd

1.0%

Oak Hill Credit

1.0%

Carlyle Global Market Strategi

1.0%

Madison Park Funding Ltd

1.0%

Madison Park Funding Ltd

0.9%

Asset allocation

Bonds

90.8%

Cash

12.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.5%Low

Year-on-year price swings

Max drawdown

-5.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.68Strong risk-adjusted returns

Sortino (3Y)

2.29Good downside protection

Bond profile

Duration

7.7 years

Avg maturity

9.9 years

Credit ratings

BBB

50.6%

49.4%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to generate current income with a secondary objective of capital preservation.
Strategy: Actively managed, invests primarily in tranches of collateralized loan obligations (CLOs) rated between BBB+ and B-. Focuses on U.S. dollar-denominated CLOs, balancing total returns and capital protection through a bottom-up investment approach.
Inception date: January 23, 2023
Fund family: Eldridge Capital Management