CLOZ: Best-Performing CLO ETF, Above-Average Yield, Improving Market Environment
The Eldridge BBB-B CLO ETF (CLOZ) is gaining attention as a top-performing investment option in a stabilizing market. It offers an above-average dividend yield of 7.0% and has shown strong performance compared to other bonds. As the market environment improves, variable rate investments like CLOZ are becoming increasingly attractive to investors.
- ▪CLOZ focuses on variable rate BBB-BB CLOs.
- ▪It has an above-average dividend yield of 7.0%.
- ▪CLOZ has outperformed most bonds on both absolute and risk-adjusted bases.
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