CLOZEldridge BBB-B CLO ETF

Get income3y track recordRanked #500 of 1,706 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%

#2,766 of 6,040 · average

Fund Size

$805M

#1,309 of 6,040 · large

Return (1Y)

+4.8%

Track Record

3 years

#2,848 of 6,040 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,469+4.7%

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

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Focus

CLO

Holdings

By weight

Concentration

Top 10 holdings = 18.4% of funddiversified

U.S. Bank Money Market Deposit AccountUSBFS04

8.4%

Benefit Street Partners CLO Lt

1.3%

Birch Grove CLO Ltd.

1.2%

Carlyle Global Market Strategi

1.1%

Babson CLO Ltd

1.1%

Magnetite CLO Ltd

1.1%

CIFC Funding Ltd

1.1%

Madison Park Funding Ltd

1.1%

Regatta XXV Funding Ltd.

1.0%

CIFC Funding Ltd

1.0%

Asset allocation

Bonds

93.2%

Cash

8.3%

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)

1.20Strong risk-adjusted returns

Sortino (3Y)

1.62Good downside protection

Bond profile

Duration

7.5 years

Avg maturity

9.9 years

Credit ratings

BBB

50.6%

49.4%

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to generate current income, with a secondary objective of capital preservation.
Strategy: Actively manages a portfolio primarily invested in tranches of collateralized loan obligations (CLOs) rated between BBB+ and B-. The Fund aims for current income and capital preservation, with significant exposure to high-yield CLO tranches, typically subordinate to other tranches.
Inception date: January 23, 2023
Fund family: Eldridge Capital Management