NYLIM Investment Grade CLO ETF (CLOO)

The NYLIM Investment Grade CLO ETF (CLOO) is an actively managed exchange-traded fund from New York Life Investment Management that invests in investment-grade tranches of collateralized loan obligations.

CLOs pool senior secured corporate loans and issue debt in tranches of different seniority and credit quality. The fund focuses on tranches rated investment grade, seeking income from floating-rate securities with meaningful structural protection, and draws on its adviser's credit research to evaluate collateral pools and CLO managers. Its floating-rate holdings keep interest-rate sensitivity low.