Eldridge AAA CLO ETF
CLOX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 600 Steamboat Road, 2nd Floor Greenwich CT United States of America 6830
- IPO Date
- Jul 19, 2023
- Website
- cloxfund.com
- Similar Companies
- Business
- Eldridge AAA CLO ETF (CLOX) is an actively managed exchange-traded fund that seeks consistent return income through a diverse portfolio primarily invested in AAA- and AA-rated collateralized loan obligations (CLOs); it employs a long-only investment strategy focused on high-quality, floating-rate securitized debt instruments issued by various CLO managers, including top holdings such as Ares LXIII CLO Ltd., Goldentree Loan Management US CLO 17 Ltd., and Sixth Street CLO XVII Ltd. The fund offers exposure to asset-backed securities, bank loans, and corporate bonds, with approximately 90.60% allocation to asset-backed securities, 62.14% to non-US bonds, and 37.91% to US bonds as of the latest reporting. CLOX targets investors seeking higher-quality fixed income alternatives with low volatility and stable income generation, tracking benchmarks like the JP Morgan CLO AAA Index. Launched on July 18, 2023, and domiciled in the United States, CLOX is managed by Eldridge Structured Asset Management, an affiliate of Eldridge Industries, with a net expense ratio of 0.20% and total net assets exceeding $233 million USD; the fund lists and trades on NYSE Arca under the ticker CLOX. In recent developments, the management team transitioned to Tony Minella, Tarek Barbar, and Andrew Ward effective November 1, 2024, enhancing its actively managed approach to CLO selection. Eldridge expanded its CLO ETF suite internationally with the launch of the Eldridge AAA CLO UCITS ETF (TAAA) in early 2025, domiciled in Luxembourg, listed on Deutsche Borse, and targeting USD-denominated US AAA CLOs with up to 20% flexibility in European AAA CLOs; this move builds on CLOX's US strategy to offer global investors similar floating-rate income solutions. These expansions align with Eldridge Industries' establishment of a dedicated asset management arm announced in late 2024.