Eldridge AAA CLO ETF

The Eldridge AAA CLO ETF (NYSE Arca: CLOX) is an actively managed exchange-traded fund launched on July 19, 2023, and managed by Eldridge Structured Credit Advisers, LLC, a division of Eldridge Industries — a diversified American holding company headquartered in Greenwich, CT. The fund seeks to generate consistent current income and preserve capital by investing at least 80% of its net assets in USD-denominated collateralized loan obligations (CLOs) rated AAA at the time of purchase, with up to 20% permitted in AA- or A-rated CLOs. With approximately $297–$309 million in assets under management, CLOX charges a low expense ratio of 0.20% and distributes monthly income, offering a trailing 12-month distribution yield of approximately 5%, driven by floating-rate coupons typically benchmarked to SOFR. The portfolio is actively managed by Tony Minella, Tarek Barbar, and Andrew Ward, who employ a daily bottom-up monitoring approach across a diversified pool of roughly 96 CLO holdings, with no single CLO manager representing more than 20% of the portfolio.