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ACLO

GradeANew York Stock Exchange

TCW AAA CLO ETF

Specialty Bonds · TCW · Inception 2024-11-15

$50.48+0.01 (+0.02%)

As of Sep 23, 2026, 12:59 PM EDT

History starts Nov 18, 2024.
Intraday session: up, 7 prints from 50.47 to 50.48. Range 50.48 to 50.51. Use the arrow keys to read each point.$50.49$50.5010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$591M
1Y return
+5.0%
Yield · Last 12 months
4.87%
Holdings
354
Volume · 30D
0M sh
NAV per share
$50.47
52W range
low $50.15high $50.95

The ETF.net ACLO Grade

A

76/ 100

Rank 4 of 34 in Collateralized Loan Obligations (CLO)⁠

Confidence Medium

Six-pillar profile for ACLO. Scores out of 100: Cost 83, Risk 72, Mission not scored, Tradability 67, Holdings 85, Durability 64. Strongest: Holdings (85). Weakest: Durability (64). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 76 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 83
    Category rank4/34 · top 12%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 72
    Category rank7/33 · top 21%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank9/34 · top 26%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 85
    Category rank3/34 · top 9%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank13/34 · top 38%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ACLO

ETF.net Research

AA 2024 arrival in the crowded AAA CLO aisle. TCW runs it actively, holding roughly 300 of the highest-rated slices of leveraged-loan pools, paying income monthly, at a fee matching the category's cheapest tier.

Stated mandate

The fund seeks capital preservation and current income through principal investment in U.S. dollar-denominated AAA-rated collateralized loan obligations.

Why people hold it

  1. 01At 0.20% it undercuts the AAA CLO cohort median of 0.25% and matches the cheapest names in the group, including JAAA and CLOA.
  2. 02The mandate is stated narrowly: capital preservation and current income from US dollar AAA-rated CLOs, the top-rated tranches of the structure.tcw.com
  3. 03Roughly 300 positions, chosen deal by deal rather than tracked, so no single CLO carries the portfolio.
  4. 04Pays monthly, and the portfolio itself grades out as one of the stronger books among AAA CLO funds.

Worth knowing

  1. 01It trades lightly next to the giants of the category, so spreads can run wider. Limit orders earn their keep here.
  2. 02Launched in late 2024, so the record is short and has not spanned a full credit cycle.
  3. 03Active with no declared index, so there is no tracking figure to hold it to. Results ride on TCW's deal selection.

ACLO Holdings

As of Sep 20, 2026, 7:35 AM
Asset class
Bonds
Holdings
354
Top-10 weight
10%
Largest holding
US DOLLAR1.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 24.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US DOLLAR1.67%9,838,836$10M223
002—TCW CENTRAL CASH FUND TCW CENTRAL CASH FUND INST1.39%8,203,243$8M8
003—AMERICAN MONEY MANAGEMENT CORP AMMC 2022 27A A2R 144A0.95%5,600,000$6M1
004—ROCKFORD TOWER CLO LTD ROCKT 2025 1A A1 144A0.93%5,500,000$6M1
005—OCTAGON INVESTMENT PARTNERS 51 OCT51 2021 1A AR 144A0.93%5,500,000$6M3
006—MADISON PARK FUNDING LTD MDPK 2021 49A AR 144A0.93%5,500,000$6M2
007—GOLUB CAPITAL PARTNERS CLO LT GCBSL 2017 19RA A2R3 144A0.93%5,500,000$6M1
008—DRYDEN SENIOR LOAN FUND DRSLF 2019 68A ARR 144A0.90%5,288,000$5M5
009—MILFORD PARK CLO LTD. MLFPK 2022 1A AR 144A0.89%5,280,000$5M4
010—GOLUB CAPITAL PARTNERS CLO LT GCBSL 2026 88A A1 144A0.88%5,200,000$5M2
011—PARK AVENUE INSTITUTIONAL ADVI PAIA 2022 2A A1R2 144A0.85%5,000,000$5M1
012—MADISON PARK FUNDING LTD MDPK 2019 35A A1R2 144A0.85%5,000,000$5M2
013—GOLUB CAPITAL PARTNERS CLO LT GCBSL 2024 77A A1 144A0.85%5,000,000$5M1
014—KKR FINANCIAL CLO LTD KKR 2013 1A A1R3 144A0.85%5,000,000$5M2
015—OCTAGON 64 LTD OCT64 2022 1A A1R 144A0.80%4,700,000$5M3

Showing 1–15 of 350 holdings

ACLO Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ACLO$10,504
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ACLO $10,504. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ACLO. Periods over one year show the average yearly return.
PeriodACLO
Year to date+3.7%
1 month+0.4%
3 months+1.2%
1 year+5.0%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ACLO
YearReturn barACLO
2026 YTD+3.7%
2025+5.3%
2024+0.8%

History from Nov 18, 2024

ACLO in the news

ETF.net Research hasn’t filed on ACLO yet — coverage lands here as it’s written.

ACLO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
4.87%Last 12 months
Payout per share
$2.46Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 23 payments from 2024 to 2026 YTD. Dec 2, 2024 $0.06; Dec 18, 2024 $0.22; Dec 30, 2024 $0.01; Feb 3, 2025 $0.22; Mar 3, 2025 $0.21; Apr 1, 2025 $0.21; May 1, 2025 $0.20; Jun 2, 2025 $0.19; Jul 1, 2025 $0.19; Aug 1, 2025 $0.20; Sep 2, 2025 $0.19; Oct 1, 2025 $0.18; Nov 3, 2025 $0.22; Dec 1, 2025 $0.22; Dec 17, 2025 $0.22; Feb 2, 2026 $0.21; Mar 2, 2026 $0.21; Apr 1, 2026 $0.21; May 1, 2026 $0.21; Jun 1, 2026 $0.21; Jul 1, 2026 $0.19; Aug 3, 2026 $0.19; Sep 1, 2026 $0.19. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.19
Aug 3, 2026Aug 5, 2026$0.19
Jul 1, 2026Jul 6, 2026$0.19
Jun 1, 2026Jun 3, 2026$0.21
May 1, 2026May 5, 2026$0.21
Apr 1, 2026Apr 6, 2026$0.21
Mar 2, 2026Mar 4, 2026$0.21
Feb 2, 2026Feb 4, 2026$0.21
Dec 17, 2025Dec 19, 2025$0.22
Dec 1, 2025Dec 3, 2025$0.22
Nov 3, 2025Nov 5, 2025$0.22
Oct 1, 2025Oct 3, 2025$0.18

ACLO Risk

How much the fund’s monthly returns vary, scaled to a year.
0.7%
Annualised · 21 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.80
vs 3-month T-bills · 21 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−1.0%
22 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ACLO Cost

Expense ratio0.20%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

6 of the 34 Collateralized Loan Obligations (CLO) funds charge less.

ACLO costs $20.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.