Eldridge AAA CLO ETF (CLOX)

The Eldridge AAA CLO ETF (CLOX) is an actively managed exchange-traded fund from Eldridge that invests primarily in AAA-rated tranches of collateralized loan obligations.

CLOs are securitized pools of senior secured loans to companies, with debt issued in layers of differing priority. The AAA tranches sit at the top of the structure and are the first to receive payments, giving them the strongest credit protection. Because these securities pay floating interest rates, the fund aims to provide income with minimal interest-rate sensitivity, relying on its managers' analysis to choose among CLO issues.