Symbols

ACLO

TCW AAA CLO ETF·NYSE

--(--)

Key Stats

Assets Under Management

335.94MUSD

Fund Flows (1Y)

279.36MUSD

Dividend Yield

4.90%

Discount/Premium to NAV

0.03%

Shares Outstanding

6.68M

Expense Ratio

0.20%

About TCW AAA CLO ETF

Issuer

TCW Investment Management Company LLC

Brand

TCW

Home Page

https://www.tcw.com/Products/ETFs/ACLO

Inception Date

Nov 15, 2024

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

TCW Investment Management Co. LLC

Distributor

ACLO is actively managed to invest primarily in AAA-rated USD-denominated collateralized loan obligations (CLOs). These CLOs are backed by diverse loan obligations and issued by trusts or SPEs. The fund has no restrictions on investment maturity and may invest in floating- and fixed-rate CLOs. It may hold up to 20% of its assets in AA or A-rated CLOs and those denominated in other currencies. The fund uses a bottom-up analysis to select CLOs, considering factors such as the managers assessment and the CLO's underlying collateral, expected performance under stress tests, documentation, and structural terms. The fund may use derivatives such as options, futures, swap agreements, and interest rate or foreign currency derivatives, for hedging, risk management, or to enhance gains.