CLOZ ETF Profile

Family:	Panagram
Name:	Panagram BBB-B CLO ETF

Inception Date:	23-Jan-2023
Termination Date:
Investment Objective:	Panagram BBB-B CLO ETF seeks to generate current income, with a secondary objective of capital preservation. 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 collateralized loan obligations ("CLOs") that are rated, at the time of purchase, between BBB+ and B- or an equivalent rating by a nationally recognized statistical rating organization ("NRSRO"). 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 intends to invest primarily in BBB and BB-rated tranches of CLOs and is expected to have significant exposure (up to 70% of its total assets) in CLO tranches rated below investment grade often referred to as "high-yield" or "junk" bonds.

Prospectus

Top 10 Holdings
	Top 10 Holdings Weight:

Number of Holdings:
Shares Outstanding:	10,600,000
Total Net Assets:	285,352,000
NAV:	26.73
Net Expense Ratio:	0.50%

Asset Class:	Bonds
Developed or Emerging:	Developed Market Funds
Country:	US
Region:
Strategy:
Currency:
Commodity:
Sector:
Industry:
Dividend Type:
Tax Exempt State:
Maturity Duration:	Fund Holds All Maturity Ranges
Market Cap:
Credit Quality:	Fund Holds Both Investment Grade & High Yield
Mortgage Bond Types:
Bond Type:	Non - Government Asset Backed Securities
Gov't Bond Types:
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Leverage Direction/Factor:
Is Currency Hedged:	No
US or Ex-US:	Domestic