

$26.30
TER
0.50%
1Y Return
-1.75%
AUM
$825.6M
The fund is an actively-managed exchange-traded fund (“ETF”) that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in collateralized loan obligations (“CLOs”) that are rated, at the time of pu...
Top holdings
Cash & Other
Benefit Street Partners CLO XXVI Ltd
08186AAQ9
Barings CLO Ltd 2019-II
06761HBA5
CARLYLE US CLO 2017-3 Ltd
14314GAJ5
Magnetite XXXVI Ltd
559922AS8
CIFC Funding 2019-V Ltd
12554XBG6
Regatta XXV Funding Ltd
758978AU4
KKR Clo 37 Ltd
48254FAY4
CIFC Funding 2014-II-R Ltd
12551FAE4
Neuberger Berman Loan Advisers CLO 55 Ltd
640969AJ0
Top holdings
Cash & Other
Benefit Street Partners CLO XXVI Ltd
08186AAQ9
Barings CLO Ltd 2019-II
06761HBA5
CARLYLE US CLO 2017-3 Ltd
14314GAJ5
Magnetite XXXVI Ltd
559922AS8
CIFC Funding 2019-V Ltd
12554XBG6
Regatta XXV Funding Ltd
758978AU4
KKR Clo 37 Ltd
48254FAY4
CIFC Funding 2014-II-R Ltd
12551FAE4
Neuberger Berman Loan Advisers CLO 55 Ltd
640969AJ0
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Learn the fundamentals behind this asset.
An Exchange-Traded Fund is a single tradable share that holds dozens or hundreds of companies inside it. One purchase, one ticker, broad market exposure, and you can buy or sell it during market hours like any stock.
The annual fee a fund charges to manage your money. It sounds tiny on a year-by-year basis. Compounded over decades, it is the single most controllable factor in long-term investment returns.
Diversification is what happens when the things you own do not all rise and fall together. It is the closest thing investing has to a free lunch, but only if you actually buy assets that move differently, not the same asset in five different costumes.
Buy a fixed amount on a fixed schedule, regardless of price. The most-recommended retail investment habit, because it removes the single biggest source of underperformance: timing decisions.