Panagram Bbb-B Clo Etf

CLOZ actively invests in USD-denominated collateralized loan obligations of any maturity that are rated between BBB+ and B-.

Angel Oak Income ETF

Saba Closed-End Funds ETF

CARY, CLOZ, and CEFS are three of the strongest income ETFs in the market right now. CARY's diversified, high-quality portfolio is perfect for more risk-averse investors. It has a solid 6.2% yield, and outstanding risk-returns. CEFS is much more aggressive, offering a good 7.8% yield, and strong returns. It is riskier than most.

3 Strong Income ETFs, Yields 6.2% - 8.3%

SPDR Bloomberg 1-3 Month T-Bill ETF

Vanguard Total Bond Market ETF

iShares 7-10 Year Treasury Bond ETF

Janus Henderson AAA CLO ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF

WisdomTree Bloomberg Floating Rate Treasury Fund

iShares Broad USD High Yield Corporate Bond ETF

Federal Reserve cuts will lead to lower dividend yields on ultra short-term and variable rate investments. Most of these trade with healthy spreads to comparable fixed-rate bonds. Breakevens vary though, with some variable rate investments likely to offer above-average yields for years to come, others not so much.

Breakeven Federal Reserve Cuts For Short-Term And Variable Rate ETFs

Panagram's Bbb-B Clo ETF offers a high yield through BBB and BB-rated debt, aiming for capital preservation and high current income with a 9% dividend yield. CLOZ's net investment income comfortably covers distributions by itself, without relying on net realized gains. There is no risk of a dividend cut at the moment. The main risk is borrower defaults, influenced by interest rates; however, historical default rates for CLOs have been low, even during financial crises.

CLOZ: Collecting A Higher Yield With Less Risk

Blackrock AAA CLO ETF

Vaneck CLO ETF

Invesco AAA CLO Floating Rate Note ETF

Janus Detroit Street Trust-Janus Henderson B-BBB CLO ETF

Palmer Square CLO Senior Debt ETF

Palmer Square Credit Opportunities ETF

Several firms are planning to launch collateralized loan obligation (CLO) ETFs, enhancing options for investors. CLOs have provided attractive risk-adjusted returns over the past decade, especially when compared to other fixed income investments.

CLO ETFs in Focus: Virtus, Blondbloxx, Nuveen Plot Entrance

Eagle Point Credit

Oxford Lane Capital

CLOs have several tranches. Equity tranches are the riskiest ones, but also have the highest yields, and strongest potential returns. Debt tranches are safer and lower-yielding, some significantly so, some moderately so.

CLO Debt ETFs Or CLO Equity CEFs: Which Are Best For Income Investors And Retirees

Equities are down, due to bearish sentiment, mediocre economic news, and the unwinding of the Japanese carry trade. High-yield bonds and senior loans are seeing some pain too, albeit much reduced. CLO ETFs keep chugging along, without significant losses or underperformance.

CLOs In The Current Market Selloff

AXS First Priority CLO Bond ETF

CLO ETF performance has been outstanding these past few years. Most have seen below-average drawdowns, significant dividend growth, and massive outperformance with above-average yields. Yields range from 6.4% to 8.9%, and that is without leverage or excessive credit risk.

Is CLO Outperformance Set To Continue?

iShares Core U.S. Aggregate Bond ETF

Invesco BulletShares 2034 Corporate Bond ETF

SPDR Bloomberg High Yield Bond ETF

Schwab Short-Term US Treasury ETF

iShares 20+ Year Treasury Bond ETF

Vanguard Long-Term Corporate Bond ETF

In the first half of 2024, fixed income ETFs represented 29% of the U.S. industry's flows. This is encouraging as the asset category represents just 18% of the asset base.

Fixed Income ETFs Support Range of Advisor Objectives

Panagram BBB-B CLO ETF invests in below investment grade CLOs with a focus on BBB-B ratings for high-income and capital preservation. CLOZ is a unique product offering that has significant exposure to BB rated CLOs. BBB and BB rated CLOs are currently attractive relative to similar risk corporate securities.

CLOZ: 4 Reasons Why I Am Bullish

iShares Interest Rate Hedged High Yield Bond ETF

FolioBeyond Rising Rates ETF

Some income ETFs offer high yields and strong value propositions, but fly under the radar of most investors. I've identified three such ETFs: RISR, HYGH and CLOZ. These offer yields in the 7% - 9% range, have outperformed since inception, and get little coverage at Seeking Alpha.

3 Strong, Little-Known Income ETFs

VanEck Vectors BDC Income ETF

BIZD, CEFS, and CLOZ are three income ETFs offering investors strong, above-average yields, in the 8.4%-10.5% range. BIZD has the highest yield but is quite risky. CLOZ has the lowest yield, with low realized volatility, but some liquidity risks. CEFS is somewhere in between. All are strong, albeit somewhat risky, choices.

3 Strong Income ETFs, With +8.0% Yields

JAAA and JBBB are both actively-managed ETFs investing in senior loan CLO tranches. JBBB focuses on BBB-rated tranches, CLOZ an even mix of BBB and BB. Both funds are broadly similar, with strong yields and performance track-records, and low volatility. There are some important differences between these, however.

JBBB Vs. CLOZ: Which High-Yield CLO ETF Is Best For Income Investors?

Robo Global Artificial Intelligence ETF

Panagram AAA CLO ETF

On this week's episode of ETF Prime, Host Nate Geraci was joined by VettaFi Senior Research Analyst Zeno Mercer to discuss the artificial intelligence field and AI-related ETFs. Afterward, Geraci welcomed John Kim, Panagram CEO & CIO, to discuss his firm's CLOs ETFs.

ETF Prime: Mercer on AI Investing & Developments + CLOs

CLO ETFs offer investors strong yields with little credit or interest rate risk. These are variable rate ETFs, and should see declining dividends as the Fed cuts rates. I still think they are buys, for three key reasons.

3 Reasons CLO ETFs Are A Buy, Even If The Fed Cuts

Capital Group Core Plus Income ETF

First Trust TCW Opportunistic Fixed Income ETF

John Hancock Mortgage-Backed Securities ETF

Pimco Senior Loan Active Exchange-Traded Fund

RiverFront Strategic Income Fund

Touchstone Securitized Income ETF

Touchstone Ultra Short Income ETF

A changing interest rate narrative prompted many advisors and investors to reevaluate their bond exposures this month. Asset managers stepped in to offer their perspectives on the changing market dynamics and where the risks and opportunities lie in the 2024 Fixed Income Symposium hosted by VettaFi.

Recapping the 2024 Fixed Income Symposium

Invesco Senior Loan ETF

Fixed income ETFs gathered $51 billion of new money in the first quarter. This represented 26% of the industry's net inflows.

Looking to Loan ETFs

CLO debt ETFs offer investors strong yields without significant credit or rate risk. CLOZ focuses on CLO tranches rated BBB-BB, yielding significantly more than most bond ETFs, somewhat higher than its CLO peers. The fund has performed exceedingly well since its inception, and I have high hopes for the future.

CLOZ: High-Yield CLO Debt ETF, Strong 9.6%, Outstanding Performance

FlexShares High Yield Value-Scored Bond Index Fund

ETFs offer investors diversified exposure to different asset classes, including U.S. and international equities, fixed-rate and variable rate bonds. Within each market sub-segment some ETFs offer particularly compelling yields. A short, curated overview of some of these ETFs follows. Yields range from 5% - 10%.

Higher-Yield ETFs By Asset Class

iShares Fallen Angels USD Bond ETF

SPDR Portfolio High Yield Bond ETF

On Seeking Alpha, I focus on dividend ETFs targeted towards income investors and retirees. Dividend ETFs focusing on bonds and fixed-income securities have seen significant dividend growth these past two years. Some offer incredibly compelling yields. Of these, five funds stand out. A quick look at these follows.

Juan's Top Dividend ETFs For 2024

MORT is a poorly performing income ETF with high risk and consistent losses. Investors seeking high yields should consider alternatives. With an unfavorable view of MORT, I offer my views as to why along with some alternatives.

Sell MORT, Buy These ETFs Instead

Panagram Bbb-B Clo ETF has had strong performance since its inception, but its future success depends on credit risk. The fund primarily invests in BBB and BB-rated Collateralized Loan Obligation tranches, offering current income and capital preservation. The CLOZ ETF stands out from similar funds due to its focus on lower-rated tranches, offering higher yields but also higher risk.

CLOZ: Strong Results Out Of The Gate

Collateralized loan obligations, or CLOs, may be a way for advisors to enhance retail clients' portfolios. They provide investors with access to a diverse pool of senior secured loans.

How CLOs Can Enhance Returns for Retail Clients

Apollo Senior Floating Rate Fund

Franklin Senior Loan ETF

iShares Floating Rate Bond ETF

XAI Octagon Floating Rate & Alternative Income Term Trust

Floating rate securities have strong yields, low duration, and have significantly outperformed YTD. There are several strong floating rate funds available to investors. Credit risk varies, but there are options with minimal risk and high yields in the floating rate space.

The Best Floating Rate Funds For Income Investors And Retirees

The CLOZ ETF has rallied significantly, delivering a full year's worth of returns in just 3 months as leveraged loans have performed well in 2023. At current portfolio yields ~10% and worst case default experience from GFC, CLOZ should still deliver 6-9% forward returns. However, tactically, I believe a pullback is imminent, as credit spreads have widened but leveraged loans and CLO ETFs have not yet responded.

CLOZ: Beware Widening Credit Spreads (Rating Downgrade)

 SPDR Blackstone Senior Loan ETF

Federal Reserve hikes have led to strong dividend growth in most variable rate securities and funds. Two of these are senior loans and CLO debt tranches. A look at the similarities, and differences, between these two asset classes follows.

News for Panagram Bbb-B Clo Etf ETF (CLOZ)