TCW AAA CLO ETF
$50.42−0.01 (−0.01%)
- 0.20%
- $584M
- +5.2%
- 4.90%
- 0M sh
- $50.40
- low $50.15high $50.95
The ETF.net ACLO Grade
A
Score 76 out of 100
- 4 of 34
Score 76 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A83 out of 100Rank 1 of 34Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 13 of 33Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 5 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A84 out of 100Rank 3 of 34Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 13 of 34
Our read on ACLO
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.
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
- At 0.20% it undercuts the AAA CLO cohort median of 0.25% and matches the cheapest names in the group, including JAAA and CLOA.
- The mandate is stated narrowly: capital preservation and current income from US dollar AAA-rated CLOs, the top-rated tranches of the structure.tcw.com
- Roughly 300 positions, chosen deal by deal rather than tracked, so no single CLO carries the portfolio.
- Pays monthly, and the portfolio itself grades out as one of the stronger books among AAA CLO funds.
Worth knowing
- It trades lightly next to the giants of the category, so spreads can run wider. Limit orders earn their keep here.
- Launched in late 2024, so the record is short and has not spanned a full credit cycle.
- Active with no declared index, so there is no tracking figure to hold it to. Results ride on TCW's deal selection.
ACLO Holdings
- Bonds
- 355
- 9%
- American Money Management Corp Ammc 2022 27A A2R 144A
Geography
- United States100.00%
ACLO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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ACLO$10,521
Returns run to the Oct 12, 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.
| Period | ACLO |
|---|---|
| Year to date | +4.0% |
| 1 month | +0.4% |
| 3 months | +1.3% |
| 1 year | +5.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ACLO |
|---|---|---|
| 2026 YTD | +4.0% | |
| 2025 | +5.3% | |
| 2024 | +0.8% |
ACLO in the news
ACLO Dividends
- 4.90%
- $2.47
- $0.19 per share
- Monthly
Distribution history
ACLO Risk
- 0.6%
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.
- 1.84
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.
- −1.0%
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.
- 0.04
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
0.20%
ACLO0.20%
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
6 of the 34 Collateralized Loan Obligations (CLO) funds charge less.
Other funds in Collateralized Loan Obligations (CLO)
- ACLOAiShares AAA CLO Active ETFExpense ratio 0.20%1 year return +4.9%
- APAAAPGIM AAA CLO ETFExpense ratio 0.19%1 year return +4.9%
- AFAAAFIDELITY AAA CLO ETFExpense ratio 0.20%1 year return —
- AICLOInvesco AAA CLO Floating Rate Note ETFExpense ratio 0.19%1 year return +4.9%
- AAAACColumbia AAA CLO ETFExpense ratio 0.20%1 year return —