Hartford AAA CLO ETF (TRPA)

The Hartford AAA CLO ETF (TRPA) is an actively managed fixed income fund from Hartford Funds. It invests primarily in the AAA-rated tranches of collateralized loan obligations (CLOs), which are securitized pools of senior secured loans made to businesses.

AAA tranches sit at the top of a CLO's capital structure and are first in line to receive cash flows. Because CLO debt typically pays floating rates, the fund's income tends to adjust with short-term interest rates, giving it low sensitivity to rate changes. The managers select individual CLOs based on credit research into collateral managers and deal structures. The ETF trades on Cboe BZX.