(CLOZ) Panagram Bbb-B Clo - Overview
ETF Category: Securitized Bond - Focused | Exchange: NYSE ARCA (USA) | Market Cap: 666m USD | Total Return: 6.2% in 12m
Avg Turnover: 5.12M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Panagram BBB-B CLO ETF (CLOZ) is an actively managed fund that targets mezzanine tranches of collateralized loan obligations. Under normal market conditions, the fund allocates at least 80% of its assets to CLO debt securities rated between BBB+ and B- by nationally recognized statistical rating organizations.
CLOs are structured credit instruments backed by a diversified pool of senior secured corporate loans, typically issued to private companies with below-investment-grade credit ratings. These vehicles employ a waterfall structure where cash flows from the underlying loan pool are distributed sequentially to different tranches based on seniority and risk profile.
As a non-diversified fund focusing on mezzanine debt, CLOZ seeks higher yields relative to senior tranches while maintaining a floating-rate structure that reduces sensitivity to interest rate fluctuations. For a deeper look into how these credit ratings impact long-term performance, consider reviewing the detailed metrics available on ValueRay.
- Rising interest rates increase yield on underlying floating-rate leveraged loan portfolios
- Widening credit spreads in mezzanine tranches reduce net asset value performance
- Elevated default rates among underlying corporate borrowers impair collateral interest payments
- Active management of BBB to B tranches mitigates idiosyncratic credit loss risks
- Capital market volatility impacts secondary market liquidity and fund share price premiums
As of June 08, 2026, the stock is trading at USD 26.32 with a total of 249,138 shares traded.
Over the past week, the price has changed by -0.19%,
over one month by +0.45%,
over three months by +4.42% and
over the past year by +6.19%.
Panagram Bbb-B Clo has no consensus analysts rating.