AAM Crescent CLO ETF (CLOC)

The AAM Crescent CLO ETF (CLOC) is an actively managed exchange-traded fund sponsored by Advisors Asset Management and sub-advised by Crescent Capital Group, a specialist in credit investing.

The fund invests in debt securities issued by collateralized loan obligations, which are pools of senior secured corporate loans sliced into tranches of differing seniority. Crescent's credit team selects tranches across the CLO capital structure based on analysis of collateral quality and manager track records. The floating-rate nature of CLO debt gives the fund relatively low interest-rate sensitivity.