Eldridge AAA CLO ETF Stock Price, News & Analysis

Panagram AAA CLO ETF (NYSE: CLOX) is a prominent investment fund managed by Panagram Structured Asset Management, a seasoned credit asset manager with over $14.7 billion in assets under management. Specializing in collateralized loan obligations (CLOs), Panagram has established a robust presence in the structured credit market.

The primary objective of the Panagram AAA CLO ETF is capital preservation. CLOX invests exclusively in AAA-rated CLOs, a segment of the corporate credit market known for its strong historical performance and zero defaults over the past 25 years. These high-quality investments focus on senior secured loans, providing investors with a secure and high-yield option.

Some of the key features of CLOX include:

• Capital Preservation: Targeting high-quality, AAA-rated CLOs to ensure minimal downside risk.
• Potential for Higher Income: CLOX aims to pay a monthly dividend to its investors, offering consistent income streams.
• Diverse Exposure: The fund provides exposure to a wide array of industries, companies, and institutional loan managers.
• Low Correlation: Investments in CLOX have lower correlation with traditional stocks and bonds, making it a strategic addition to diversified portfolios.
• Expert Management: The ETF benefits from Panagram's extensive experience and established relationships within the institutional CLO market, ensuring preferential access to premium assets.

Actively managed by Panagram's team of experts, CLOX leverages deep industry insights and sophisticated strategies to maximize returns and mitigate risks. CLOX's expense ratio is competitively set at 0.20%. Notably, a portion of CLOX’s management fees is donated to the Mosholu Montefiore Community Center, highlighting Panagram's commitment to social responsibility and community support.

Founded in 2021 as a subsidiary of Eldridge, Panagram has quickly grown into a leading investor in CLO debt and majority equity. The company's investment team has been managing structured credit assets since 2014, making it one of the most experienced and reliable players in the market.

Important Disclosures: Past performance is not indicative of future results. Investors should carefully consider the fund's objectives, risks, charges, and expenses. For more detailed information, please refer to the prospectus available on the CLOX website. Investing in CLO securities involves various risks, including credit risk, liquidity risk, and interest rate risk. CLOX is a new investment vehicle with no operating history, and its shares may trade at a premium or discount to its net asset value.