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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 tranches of collateralized loan obligations ("CLOs") that are rated, at the time of purchase, AAA or an equivalent rating by a nationally recognized statistical rating organization ("NRSRO") (or, if unrated, securities deemed by the Adviser to be of comparable quality). CLOs are structured products with a "long-only" investment strategy (i.e., a strategy that does not include short positions) that issue multiple tranches of asset-backed securities. CLOs are collateralized by a pool of loans, which may include, among others, senior secured loans, senior unsecured loans, and subordinate corporate loans. The Fund invests primarily in AAA rated tranches of CLOs, which is the highest quality rating that a CLO can receive. CLOs are securities structured to be exposed to the senior secured loans in a corporate capital structure, which means that the loans have payment priority over unsecured debt and common equity in a default situation. These loans are often issued as "covenant lite" loans, which have few or no financial maintenance covenants.
Eldridge Aaa Clo ETF trades on the ARCA stock market under the symbol CLOX.
As of August 28, 2026, CLOX stock price climbed to $25.58 with 69,055 million shares trading.
CLOX has a beta of 0.01, meaning it tends to be less sensitive to market movements. CLOX has a correlation of 0.00 to the broad based SPY ETF.
CLOX has a market cap of $320.97 million. This is considered a Small Cap stock.
In the last 3 years, CLOX traded as high as $25.74 and as low as $24.10.
CLOX has underperformed the market in the last year with a return of +4.7%, while the SPY ETF gained +20.1%. In the last 3 month period, CLOX fell short of the market, returning +1.1%, while SPY returned +2.8%. However, in the most recent 2 weeks CLOX has outperformed the stock market by returning +0.1%, while SPY returned -1.1%.
CLOX support price is $25.51 and resistance is $25.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLOX shares will trade within this expected range on the day.
