Eldridge BBB-B CLO ETF (CLOZ)
Eldridge BBB-B CLO ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Greenwich, CT, US. The stock last traded at $26.34, up 0.04% on the session, giving a market capitalisation of $695.6M. Its beta of 0.02 implies it has historically moved less than the broad market.
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.
Eldridge BBB-B CLO ETF is most often compared with the following Financial Services names: