Key stats
About BondBloxx Private Credit CLO ETF
Expense ratio
0.68%
Home page
Inception date
Dec 2, 2024
PCMM is an actively managed ETF that focuses on private credit collateralized loan obligations (CLOs). It primarily invests in loans to private companies, which may be U.S. or non-U.S. senior secured or subordinated corporate loans. Typically, the focus is on small to medium-sized private entities. Up to 20% can be allocated to broadly syndicated loans, high yield bonds, and other investments, but no more than 10% can be invested in a single CLO. While emphasizing investment-grade securities, the fund permits up to 25% in high-yield instruments and similarly allows up to 25% in non-U.S. dollar assets. Through active trading, PCMM aims to harness market opportunities, particularly during volatile times. The portfolio manager employs a comprehensive approach, combining top-down economic analysis with bottom-up research and quantitative modeling, and evaluates factors like expected returns, yield, and risk for dynamic trading decisions.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized95.05%
Cash4.95%
Displays a symbol's price movements over previous years to identify recurring trends.