Panagram Bbb-B Clo Etf

CLOZ actively invests in USD-denominated collateralized loan obligations of any maturity that are rated between BBB+ and B-.

The CLOZ ETF has rallied significantly, delivering a full year's worth of returns in just 3 months as leveraged loans have performed well in 2023. At current portfolio yields ~10% and worst case default experience from GFC, CLOZ should still deliver 6-9% forward returns. However, tactically, I believe a pullback is imminent, as credit spreads have widened but leveraged loans and CLO ETFs have not yet responded.

CLOZ: Beware Widening Credit Spreads (Rating Downgrade)

Invesco Senior Loan ETF

Janus Henderson AAA CLO ETF

Janus Detroit Street Trust-Janus Henderson B-BBB CLO ETF

 SPDR Blackstone Senior Loan ETF

Federal Reserve hikes have led to strong dividend growth in most variable rate securities and funds. Two of these are senior loans and CLO debt tranches. A look at the similarities, and differences, between these two asset classes follows.

Senior Loans Or CLO Debt, Which Is Best For Income Investors And Retirees?

Collateralized loan obligations, or CLOs, offer investors good growing dividends and low interest rate risk. Their performance since inception has been outstanding, if somewhat short. A quick look at 3 CLO ETFs follows.

The Best 3 CLO ETFs For Income Investors And Retirees

CLOZ is the highest-yielding CLO ETF in the market, with a strong, fully-covered 10.7%. It has very low interest rate risk as well. An overview of the fund follows.

CLOZ: BBB-BB CLO ETF, Strong 10.7% SEC Yield, Low Interest Rate Risk

VanEck Fallen Angel High Yield Bond ETF

Vaneck CLO ETF

Panagram AAA CLO ETF

ETFs continue to open up avenues of opportunity for individual investors by capturing institutional investor strategies in an easily, widely accessible wrapper. One such strategy, that of collateralized loan obligations (CLOs), offers investors attractive income and yield with lower default risk.

CLOs: An Institutional Strategy for the Masses

Panagram Structured Asset Management announced the launch of its second ETF: the Panagram AAA CLO ETF (NYSE Arca: CLOX). CLOX prioritizes capital preservation by investing in AAA-rated collateralized loan obligations (CLOs).

Panagram Launches Second Active CLO ETF

Blackrock Flexible Income ETF

Simplify Stable Income ETF

VettaFi's Fixed Income Symposium, happening on July 24th, is fast approaching. The symposium will bring together industry thought leaders.

Fixed Income Symposium Brings Thought Leaders Together

iShares Core U.S. Aggregate Bond ETF

Vanguard Total Bond Market ETF

PIMCO Active Bond ETF

Capital Group Core Plus Income ETF

Doubleline Opportunistic Bond ETF

JPMorgan Ultra-Short Income ETF

American Century Multisector Income ETF

Harbor Scientific Alpha High-Yield ETF

iShares 20+ Year Treasury Bond ETF

Vanguard S&P 500 ETF

Net inflows to U.S. listed ETFs of just over $200 billion in the first half of 2023 is modest compared to the pace achieved in recent years. However, once again fixed income ETFs are punching above their weight in the U.S. and globally.

Strong First Half for Fixed Income but What's Next?

The CLOZ ETF provides exposure to non-investment grade tranches of CLO securities. CLOs provide a yield pickup compared to similarly rated bonds. The CLOZ ETF is priced to deliver 6-9% forward total returns, depending on historical default rates. This may appeal to investors looking for yield with a higher risk tolerance.

CLOZ: Attractive Yields Based On Historical Default Rates

As Baron Rothschild once said: "Invest when there's blood in the streets". The credit markets seem to have some blood in them too, and we are seeing continuing bargains in high yield corporate credit.

JBBB And CLOZ: Safer, Higher-Rated CLO Debt Paying In The Double-Digits

Panagram Structured Asset Management, a $13.5 billion credit asset manager and a subsidiary of Eldridge, today announced the launch of its first ETF: the Panagram BBB-B CLO ETF (NYSE Arca: CLOZ). The actively managed fund invests in collateralized loan obligations (CLOs), which offer risk-adjusted exposure to corporate credit.

News for Panagram Bbb-B Clo Etf ETF (CLOZ)