Eldridge Marks Three Years of CLOZ: Enhancing Income Outside the Aggregate Bond Index
MWN-AI** Summary
Eldridge has recently celebrated the third anniversary of its Eldridge BBB?B CLO ETF (CLOZ), highlighting the fund's role in providing investors with enhanced income through exposure to the credit markets beyond the traditional aggregate bond index. CLOZ, an actively managed ETF, primarily invests in a diversified selection of BBB and BB-rated tranches of collateralized loan obligations (CLOs), which are floating-rate bonds backed by senior secured corporate loans. This structure offers attractive relative value and low correlation to core bond markets, making it a compelling addition to traditional fixed-income portfolios.
Danielle Gilbert, Managing Director at Eldridge Capital Management, emphasized the importance of CLOZ's three-year performance, attributing its success to the investment team's expertise and the institutional strategy to deliver differentiated solutions. As the first CLO ETF in Eldridge's suite of actively managed fixed-income ETFs—which also includes the Eldridge AAA CLO ETF (CLOX)—CLOZ provides a liquid investment vehicle for income-focused investors.
As of December 31, 2025, CLOZ reported a cumulative return exceeding 37% with an annualized return around 11.2%, offering a SEC 30-day yield of approximately 7.3%. CLOX, launched later in 2023, focuses on AAA-rated CLO tranches, with a lower cumulative return of over 17% and a yield of around 5.4%. Eldridge's strong presence in the structured credit market, including varied investment strategies from diversified credit to real estate credit, reinforces its commitment to innovating across asset classes.
Investors are advised to consider the risks associated with CLO securities, including credit risk and potential market volatility, before investing. Eldridge continues to advance its integrated asset management platform and remains committed to delivering income-enhancing solutions for a diverse set of investors.
MWN-AI** Analysis
As Eldridge recognizes the third anniversary of its BBB?B CLO ETF (CLOZ), investors have ample reason to consider this fund as a strategic component for income augmentation in today's volatile bond market. CLOZ has been positioned as an attractive alternative to traditional bond indices, particularly with its substantial annualized return of ~11.2% and a favorable SEC 30-day yield around 7.3%. Given the environment of rising interest rates, the floating-rate nature of CLOs provides a buffer against interest rate risk which is paramount in fixed-income investing.
CLOZ’s focus on BBB and BB-rated tranches allows investors to tap into a diversified credit market that generally exhibits low correlation with core bond markets. This provides not only potential for enhanced yield but also increased diversification benefits, which are crucial under the current economic uncertainties. The actively managed aspect of CLOZ ensures that investment strategies can be adapted to changing market conditions, capitalizing on credit opportunities as they arise.
Moreover, the historical performance of CLOZ—boasting over a 37% cumulative return—reinforces its viability as a complement to traditional portfolios, especially for those seeking income beyond conventional bonds. Eldridge’s established expertise in structured credit, reinforced by its long-standing operation in the market, instills additional confidence for both retail and institutional investors.
However, potential investors should remain cognizant of the inherent risks associated with CLO securities. The credit risk tied to underlying loans and the complexities of CLO structures necessitate careful due diligence. With market conditions evolving, it’s prudent to continuously assess portfolio allocations and consider employing CLOZ as a dynamic tool for balancing income and risk exposure. As part of a diversified strategy, CLOZ can effectively meet the needs of income-focused investors.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Eldridge marks the third anniversary of the Eldridge BBB?B CLO ETF (NYSE Arca: CLOZ). Eldridge believes CLOZ has provided investors with a consistent source of enhanced income through exposure to credit markets outside the traditional aggregate bond index over those three years.
An actively managed exchange-traded fund (ETF), CLOZ invests in a diversified portfolio of primarily BBB and BB-rated tranches of collateralized loan obligations (CLO) — floating-rate bonds backed by senior secured corporate loans. These assets typically offer attractive relative value and low correlation to core bond markets, making CLOZ a strategic complement to traditional fixed-income allocations.
Investors can gain access to a professionally managed pool of high-quality CLO bonds through a simple, liquid ETF structure, offering the potential for enhanced yield and diversification not available through conventional bond ETFs.
“CLOZ’s three-year track record is a testament to the strength of our investment team and the depth of our credit platform,” said Danielle Gilbert, Managing Director at Eldridge Capital Management. “Our commitment to delivering differentiated solutions in areas where we believe we have built expertise cultivates interest across the spectrum, from the individual to institutional investor using CLOZ as a way to potentially enhance income.”
CLOZ is the first CLO ETF offering in Eldridge’s NYSE listed actively managed fixed-income ETF suite, which also includes the Eldridge AAA CLO ETF (CLOX). These CLO ETFs can offer streamlined access to asset class, giving investors compelling investment options when building portfolios.
Eldridge CLO NYSE Listed ETF Suite
(as of December 31, 2025)
Fund | Inception Date | Focus | Key Metrics |
CLOZ | 01/24/2023 | BBB- and BB-rated CLO tranches | Cumulative Return: 37%+ Annualized Return: ~11.2% SEC 30-Day Yield: ~7.3% $3.87/share income |
CLOX | 07/19/2023 | AAA-rated CLO tranches | Cumulative Return: 17%+ Annualized Return: ~7.0% SEC 30-Day Yield: ~5.4% ~$3.10/share income |
Performance data quoted represents past performance. Past performance is not indicative of, or a guarantee of, future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 1.800.617.004 or visit the Fund websites at www.clozfund.com or www.cloxfund.com .
Eldridge’s team has been involved in the structured credit market since its inception—across structuring, investing, and managing platforms. The firm has consistently invested its own capital across structured credit, underscoring a high-conviction approach to the asset class as a way to access credit across market cycles.
Since 2016, Eldridge and its affiliates have been active issuers in the equipment asset-backed securities (ABS) market, followed by expansion into middle-market CLO issuance beginning in 2018. Building on decades of broadly syndicated loan (BSL) CLO heritage, Eldridge re-entered the BSL loan CLO market in 2025, issuing two CLOs through its integrated asset management platform. In January 2026, Eldridge closed Eldridge Diversified Credit Fund I, the inaugural fund on Eldridge’s Diversified Credit Fund (EDCF) program.
About Eldridge
Eldridge is an asset management and insurance holding company with over $70 billion in assets under management that consists of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Capital Management, through its subsidiaries, focuses on four investment strategies – diversified credit, GP solutions, real estate credit, and sports & entertainment. Eldridge Wealth Solutions, an insurance and retirement solutions platform, is comprised of Eldridge’s wholly owned insurance companies, Security Benefit and Everly Life. Eldridge is wholly owned by Eldridge Industries. To learn more, visit www.eldridge.com .
An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. The prospectus can be found at www.clozfund.com . Please read the prospectus or summary prospectus carefully before investing.
The risks of investing in CLO securities include both the credit risk associated with the underlying loans combined with the risks associated with the CLO structure governing the priority of payments (and any legal and counterparty risk associated with carrying out the priority of payments). This Fund intends to invest primarily in BBB- and BB-rated tranches (or equivalent ratings by a NRSRO); however, these ratings do not constitute a guarantee of credit quality and it's possible that under stressed market environments these tranches could experience substantial losses due to actual defaults, write-downs of the equity or other subordinated tranches, increased sensitivity to defaults due to collateral default and impairment of subordinate tranches, market anticipation of defaults, and general market aversion to CLO securities as an asset class.
Distributor: Quasar Distributors, LLC.
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FAQ**
How does the "Panagram AAA CLO ETF CLOX" strategy differ from the Eldridge BBB?B CLO ETF (CLOZ) in terms of risk exposure and targeted returns?
Can you elaborate on the key performance metrics of the "Panagram AAA CLO ETF CLOX" and how they compare to those of CLOZ since their respective inception dates?
What are the primary advantages for investors in choosing the "Panagram AAA CLO ETF CLOX" over other fixed-income ETFs, particularly during fluctuating market conditions?
How does Eldridge’s experience in structured credit influence the performance and investment strategy of the "Panagram AAA CLO ETF CLOX" compared to existing offerings like CLOZ?
**MWN-AI FAQ is based on asking OpenAI questions about Panagram AAA CLO ETF (NYSE: CLOX).
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