ACLO vs CLOX: Grades, Fees and Holdings Compared

TCW AAA CLO ETF

ACLOANYSE

Eldridge AAA CLO ETF

CLOXBNYSE Arca

Overlap

No data

Expense ratio

ACLO0.20%CLOX0.20%

Avg volume · 30D

CLOX 4.7×the volume

ACLO36.8KCLOX172K

ACLO vs CLOX Performance

Oct 31, 2025 – Nov 2, 2026

+5.2%ACLO+5.1%CLOX

Expense ratio: ACLO 0.20%; CLOX 0.20%
Fund size: ACLO $595M; CLOX $349M
1Y total return: ACLO +5.2%, better; CLOX +5.1%
Yield (12M): ACLO 5.30%, better; CLOX 4.78%
Holdings: ACLO 369; CLOX 105
Avg volume (30D): ACLO 36.8K sh; CLOX 172K sh, better
NAV per share: ACLO $50.35; CLOX $25.57
52W range

ETF.net Grade

Pillar letters and Scores for ACLO, CLOX, with each pillar’s weight
Pillar	ACLO	CLOX
Cost30% weight	A80	A80
Mission25% weight	Not scored	Not scored
Risk15% weight	B68Higher	C50
Tradability15% weight	A70	A70
Holdings10% weight	A85Higher	B60
Durability5% weight	B64	B68Higher

Rank among Collateralized Loan Obligations (CLO) funds

How we build Categories ›

Same Category. ACLO and CLOX 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 CLOX 8th of 34 funds in the Collateralized Loan Obligations (CLO) Category.

Rank 1ACLOAiShares AAA CLO Active ETFScore 85
Rank 2AJAAAJanus Henderson AAA CLO ETFScore 82
Rank 2APAAAPGIM AAA CLO ETFScore 82
Rank 4AACLOTCW AAA CLO ETFScore 75
Rank 5AFAAAFIDELITY AAA CLO ETFScore 72
Rank 7BAAACColumbia AAA CLO ETFScore 70
Rank 8BCLOXEldridge AAA CLO ETFScore 68
Rank 9BCLOCAAM Crescent CLO ETFScore 65

Our read on each fund

ETF.net Research

ACLOATCW AAA CLO ETF

CLOXBEldridge AAA 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.

CLOX A 2023 arrival in the AAA CLO rush: top-rated slices of leveraged loan pools, roughly 70 of them, with income paid monthly. The 0.20% fee undercuts the cohort median and matches the category's biggest names.

Stated mandate

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

CLOX The fund aims to generate current income and preserve capital.

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.

CLOX Fee of 0.20% undercuts the cohort median of 0.25% and matches the largest names in the category (JAAA, CLOA, FAAA, ACLO).
The mandate is plain English: current income and capital preservation. Distributions are paid monthly.
Moderately traded with an asset base in the hundreds of millions, so it is not a thin, brand-new ticker.
Sits in the upper half of its AAA CLO peer group, a cohort stacked with large, well-resourced managers.

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.

CLOX Roughly 70 positions in one corner of structured credit. That makes it a specialist income sleeve rather than a broad core bond holding.
CLO debt pays floating rates, so the monthly income moves with short-term rates instead of locking in a fixed coupon.
Crowded shelf: PGIM's PAAA charges 0.19% and several rivals match CLOX at 0.20%, so the price edge is over the median, not the leaders.

Full ACLO profile⁠

Full CLOX profile⁠

ACLO vs CLOX Holdings

How ACLO and CLOX differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile92.2%
Asset classFixed Income100%

Sector

No Sector split for ACLO.

Country, concentration and asset class

Country by domicile

Country weights in ACLO and CLOX, widest gap first
Country	More in ACLOMore in CLOX	ACLO	CLOX
Cayman Islands	CLOX +7.7 points	86.5%	94.2%
Ireland	ACLO +3.8 points	3.8%	0.0%
United States	ACLO +3.0 points	5.8%	2.8%
United Kingdom	ACLO +0.9 points	3.9%	3.0%
Bermuda	ACLO +0.1 points	0.1%	0.0%

Outside the US: ACLO 8% developed, 92% emerging. CLOX 3% developed, 97% emerging.

Concentration

Weight in the 10 largest Holdings

ACLO9.9%
CLOX18.1%

Securities held

ACLO367
CLOX104

Asset class

ACLO: Fixed Income
CLOX: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. ACLO holds 367 securities, CLOX 104.

All 364 ACLO holdings⁠All 60 CLOX 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 CLOX Cost

Same expense ratio

$4,155

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

ACLO 0.20%
$4,155
CLOX 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

ACLO 0.20%
CLOX 0.20%

Year by year

Year	ACLO	CLOX
10	$365	$365
20	$1,421	$1,421
30	$4,155	$4,155

Expense ratio

0.20%ACLO
0.20%CLOX

ACLO0.20%CLOX0.20%

0.18%0.68%

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

ACLO 8th cheapest of 34 funds

CLOX 8th cheapest of 34 funds

ACLO vs CLOX Dividends

Last 12 months to Nov 2, 2026

Yield (12M): ACLO 5.30%, better; CLOX 4.78%
Payout (12M): ACLO $2.67; CLOX $1.22
Last payment: ACLO $0.20; CLOX $0.10
Ex-dividend: ACLO Nov 2, 2026; CLOX Oct 2, 2026
Paid on: ACLO Pays Nov 4, 2026; CLOX Oct 8, 2026
Frequency: ACLO Monthly; CLOX Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ACLOMonthly · 25 paymentsAll ACLO payments⁠

CLOXMonthly · 39 paymentsAll CLOX payments⁠

ACLO vs CLOX 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 2024CLOX 0.8%
Return per unit of riskSharpe ratio, 3 years: ACLO 1.74since Dec 2024CLOX 1.92
Worst fallMax drawdown, 5 years: ACLO −1.0%since Nov 2024CLOX −4.1%since Jul 2023
Market sensitivityBeta, 5 years: ACLO 0.04CLOX 0.03; Market = 1

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