NYLI Investment Grade CLO ETF

Frequently Asked Questions About CLOO

What does CLOO invest in?

CLOO is an actively managed exchange-traded fund that primarily allocates its capital to top-tier collateralized loan obligations (CLOs). This fund aims to safeguard investors' principal while generating a consistent income stream, accomplished by offering diversified access to the most secure segments of CLOs.

What is the expense ratio of CLOO?

NYLI Investment Grade CLO ETF (CLOO) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is CLOO's dividend yield?

CLOO's trailing-twelve-month yield is 1.79%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CLOO?

Effective duration measures CLOO's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CLOO's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CLOO?

CLOO's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CLOO?

Yield to maturity (YTM) is the total return you'd earn from CLOO if every bond in the portfolio is held to maturity at the current price. CLOO's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.