ACLO vs CLOO: Grades, Fees and Holdings Compared

TCW AAA CLO ETF

ACLOANYSE

NYLI Investment Grade CLO ETF

CLOOBNYSE Arca

Overlap

No data

Expense ratio

ACLO −0.05pt a year

ACLO0.20%CLOO0.25%

Avg volume · 30D

ACLO 2.6×the volume

ACLO36.8KCLOO14K

ACLO vs CLOO Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%ACLO+1.0%CLOO

Expense ratio: ACLO 0.20%, better; CLOO 0.25%
Fund size: ACLO $596M; CLOO $48M
1Y total return: ACLO +5.0%; CLOO No data
Yield (12M): ACLO 4.89%; CLOO No data
Holdings: ACLO 368; CLOO 128
Avg volume (30D): ACLO 36.8K sh, better; CLOO 14K sh
NAV per share: ACLO $50.53; CLOO $25.10
52W range

ETF.net Grade

Pillar letters and Scores for ACLO, CLOO, with each pillar’s weight
Pillar	ACLO	CLOO
Cost30% weight	A80Higher	C53
Mission25% weight	Not scored	Not scored
Risk15% weight	B64	A81Higher
Tradability15% weight	A70Higher	C41
Holdings10% weight	A84Higher	A81
Durability5% weight	B64Higher	D26

Rank among Collateralized Loan Obligations (CLO) funds

How we build Categories ›

Same Category. ACLO and CLOO are both graded against the same 34 Collateralized Loan Obligations (CLO) funds, so their Grades compare head to head.

Collateralized Loan Obligations (CLO)⁠

Category · 34 funds

See all 34 ›

ACLO ranks 4th and CLOO 11th of 34 funds in the Collateralized Loan Obligations (CLO) Category.

Rank 1ACLOAiShares AAA CLO Active ETFScore 83
Rank 1AJAAAJanus Henderson AAA CLO ETFScore 83
Rank 3APAAAPGIM AAA CLO ETFScore 82
Rank 4AACLOTCW AAA CLO ETFScore 74
Rank 5AFAAAFIDELITY AAA CLO ETFScore 73
Rank 10BFUSIAmerican Century Ultrashort Income ETFScore 64
Rank 11BCLOONYLI Investment Grade CLO ETFScore 57
Rank 11BTRPAHartford AAA CLO ETFScore 57

Our read on each fund

ETF.net Research

ACLOATCW AAA CLO ETF

CLOOBNYLI Investment Grade CLO ETF

In short

ACLO A 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.

CLOO Most CLO ETFs park at AAA and stop. CLOO's mandate is the wider investment-grade stack, seeking capital preservation and current income from CLO debt tranches for 0.25% a year.

Stated mandate

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

CLOO The Fund seeks capital preservation and current income by investing in investment grade-rated debt tranches of collateralized loan obligations.

Why people hold it

ACLO 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.

CLOO Buys investment grade-rated CLO tranches broadly, not only the AAA slice that the shelf's biggest names (JAAA, CLOA, PAAA, FAAA, ACLO) are built around.
0.25% a year lands right at the median for CLO funds, a few basis points north of the AAA-only crowd.
A focused book of roughly 100 CLO positions, and the portfolio behind it is the fund's strongest feature; overall it sits in the upper half of its CLO peer group.

Worth knowing

ACLO 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.

CLOO Launched in 2026, so there is no long record here, and the risk read so far rests on a short window.
Reaching below AAA into lower investment-grade tranches means taking credit risk the AAA-only funds leave on the table.
Still a small, thinly traded fund, so spreads can run wider than at the category's heavyweights.

Full ACLO profile⁠

Full CLOO profile⁠

ACLO vs CLOO Holdings

How ACLO and CLOO differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile94.6%
Asset classFixed Income100%

Sector

No Sector split for ACLO and CLOO.

Country, concentration and asset class

Country by domicile

Country weights in ACLO and CLOO, widest gap first
Country	More in ACLOMore in CLOO	ACLO	CLOO
Cayman Islands	CLOO +5.3 points	86.5%	91.8%
Ireland	ACLO +3.8 points	3.8%	0.0%
United States	ACLO +1.4 points	5.8%	4.4%
Other countries (2)	ACLO +0.2 points	4.0%	3.8%

Outside the US: ACLO 8% developed, 92% emerging. CLOO 4% developed, 96% emerging.

Concentration

Weight in the 10 largest Holdings

ACLO9.4%
CLOO15.8%

Securities held

ACLO365
CLOO128

Asset class

ACLO: Fixed Income
CLOO: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. ACLO holds 365 securities, CLOO 128.

All 363 ACLO holdings⁠All 124 CLOO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACLO vs CLOO Cost

Overpaying CLOO vs ACLO

$1,004

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ACLO 0.20%
$4,155
CLOO 0.25%
$5,159

Amount$10,000

Years30 years

Cost over time

ACLO 0.20%
CLOO 0.25%
Overpaying

Year by year

Year	ACLO	CLOO	Overpaying
10	$365	$455	$90
20	$1,421	$1,769	$348
30	$4,155	$5,159	$1,004

Expense ratio

0.20%ACLO, cheaper
0.25%CLOO

ACLO0.20%CLOO0.25%

0.18%0.68%

Middle half of Collateralized Loan Obligations (CLO) funds
Median 0.28%

ACLO 8th cheapest of 34 funds

CLOO 16th cheapest of 34 funds

ACLO vs CLOO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ACLO 4.89%; CLOO No data
Payout (12M): ACLO $2.47; CLOO No data
Last payment: ACLO $0.19; CLOO $0.11
Ex-dividend: ACLO Oct 1, 2026; CLOO Oct 30, 2026
Paid on: ACLO Oct 5, 2026; CLOO Pays Nov 3, 2026
Frequency: ACLO Monthly; CLOO Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

ACLOMonthly · 24 paymentsAll ACLO payments⁠

CLOOMonthly · 6 paymentsAll CLOO payments⁠

ACLO vs CLOO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ACLO 0.6%since Dec 2024CLOO No data
Return per unit of riskSharpe ratio, 3 years: ACLO 1.74since Dec 2024CLOO No data
Worst fallMax drawdown, 5 years: ACLO −1.0%since Nov 2024CLOO No data
Market sensitivityBeta, 5 years: ACLO 0.04CLOO −0.02; Market = 1

ACLO and CLOO in the news

All news⁠

ETF Filings
PGIM files for a CLO fund at 0.28% and a real estate fund at 0.49%
Sep 28, 2026CLOO

Popular comparisons

ACLOAvsCLOAA
TCW AAA CLO ETF · iShares AAA CLO Active ETF
Expense ratio
0.20% · 0.20%
Category
CLOOBvsCLOAA
NYLI Investment Grade CLO ETF · iShares AAA CLO Active ETF
Expense ratio
0.25% · 0.20%
Category
ACLOAvsJAAAA
TCW AAA CLO ETF · Janus Henderson AAA CLO ETF
Expense ratio
0.20% · 0.20%
Category
CLOOBvsJAAAA
NYLI Investment Grade CLO ETF · Janus Henderson AAA CLO ETF
Expense ratio
0.25% · 0.20%
Category
ACLOAvsPAAAA
TCW AAA CLO ETF · PGIM AAA CLO ETF
Expense ratio
0.20% · 0.19%
Category
CLOOBvsPAAAA
NYLI Investment Grade CLO ETF · PGIM AAA CLO ETF
Expense ratio
0.25% · 0.19%
Category

ACLO vs CLOO

In short

Stated mandate

Why people hold it

Worth knowing

How ACLO and CLOO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

PGIM files for a CLO fund at 0.28% and a real estate fund at 0.49%

How ACLO and CLOO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings