Eldridge BBB-B CLO ETF

Frequently Asked Questions About CLOZ

What does CLOZ invest in?

This actively managed exchange-traded fund (ETF) aims to achieve its investment goal by primarily allocating its capital. Under typical circumstances, it commits a minimum of 80% of its net assets—including any funds borrowed for investment purposes—to collateralized loan obligations (CLOs). Upon acquisition, these CLOs are required to possess a credit rating between BBB+ and B-, or an equivalent assessment from a nationally recognized statistical rating organization (NRSRO). Importantly, the fund is structured as non-diversified.

What is the expense ratio of CLOZ?

Eldridge BBB-B CLO ETF (CLOZ) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is CLOZ's dividend yield?

CLOZ's trailing-twelve-month yield is 7.15%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CLOZ?

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

What is the credit quality of CLOZ?

CLOZ'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 CLOZ?

Yield to maturity (YTM) is the total return you'd earn from CLOZ if every bond in the portfolio is held to maturity at the current price. CLOZ'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.