CLOA

CLOA is an actively managed bond ETF designed to target capital preservation and current income by holding mostly U.S. dollar-denominated AAA-rated CLO tranches.

It focuses on the senior-most, first-in-line-to-get-paid slices of CLOs, which are typically floating-rate instruments, and it can buy in both primary and secondary markets.

The strategy allows limited flexibility outside AAA (up to 20% in AA/A) and limits concentration (no position above 10%) while capping fixed-rate CLO exposure at 10%.