ACLO vs DSCO: Grades, Fees and Holdings Compared

TCW AAA CLO ETF

ACLOANYSE

DoubleLine Securitized Credit ETF

DSCODNYSE Arca

Overlap

No data

Expense ratio

ACLO −0.30pt a year

ACLO0.20%DSCO0.50%

Avg volume · 30D

DSCO 1.6×the volume

ACLO36.8KDSCO60.3K

ACLO vs DSCO Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%ACLO−0.1%DSCO

Expense ratio: ACLO 0.20%, better; DSCO 0.50%
Fund size: ACLO $596M; DSCO $239M
1Y total return: ACLO +5.0%; DSCO No data
Yield (12M): ACLO 4.89%; DSCO No data
Holdings: ACLO 368; DSCO 362
Avg volume (30D): ACLO 36.8K sh; DSCO 60.3K sh, better
NAV per share: ACLO $50.53; DSCO $24.51
52W range

ETF.net Grade

Pillar letters and Scores for ACLO, DSCO, with each pillar’s weight
Pillar	ACLO	DSCO
Cost30% weight	A80Higher	F17
Mission25% weight	Not scored	Not scored
Risk15% weight	B64Higher	F20
Tradability15% weight	A70Higher	C46
Holdings10% weight	A84Higher	A80
Durability5% weight	B64	A73Higher

Rank among Collateralized Loan Obligations (CLO) funds

How we build Categories ›

Same Category. ACLO and DSCO 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 DSCO 27th 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 27DBCLOiShares BBB-B CLO Active ETFScore 35
Rank 27DDSCODoubleLine Securitized Credit ETFScore 35
Rank 27DEVLNEaton Vance Floating-Rate ETFScore 35

Our read on each fund

ETF.net Research

ACLOATCW AAA CLO ETF

DSCODDoubleLine Securitized Credit 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.

DSCO Most funds in this corner own AAA CLO paper and stop there. DSCO goes wider: an actively managed mix of mortgage-backed, asset-backed and CLO bonds, with income as the stated first priority and total return second.

Stated mandate

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

DSCO The Fund primarily seeks income and secondarily seeks total return. It mainly invests in securitized credit products, including mortgage-backed securities, asset-backed securities, and 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.

DSCO One ticker covers the securitized alphabet: MBS, ABS and CLOs, chosen by a manager rather than tracked.doubleline.com
Income comes first in the mandate, total return second, and distributions are paid on a quarterly cadence.
Trading since 2019, so the active decisions have a live multi-year record behind them, not a model.
A US-focused, 1940 Act fund measured against the Bloomberg US Aggregate, so you can see the active bet against a familiar yardstick.

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.

DSCO It charges 0.50% a year, well above the AAA CLO peers (JAAA, CLOA, PAAA) that dominate this category. Security selection has to earn that gap.
The highest-rated funds nearby are AAA-only by design. DSCO's remit is securitized credit broadly, so it is not a like-for-like swap on risk.
Mid-sized and moderately traded rather than a category giant, so spreads are worth a look before sizing an order.

Full ACLO profile⁠

Full DSCO profile⁠

ACLO vs DSCO Holdings

How ACLO and DSCO differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile17.3%
Asset classFixed Income100%

Sector

No Sector split for ACLO and DSCO.

Country, concentration and asset class

Country by domicile

Country weights in ACLO and DSCO, widest gap first
Country	More in ACLOMore in DSCO	ACLO	DSCO
United States	DSCO +82.7 points	5.8%	88.5%
Cayman Islands	ACLO +76.2 points	86.5%	10.3%
Ireland	ACLO +3.5 points	3.8%	0.3%
United Kingdom	ACLO +3.1 points	3.9%	0.8%
Bermuda	ACLO +0.1 points	0.1%	0.0%

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

Concentration

Weight in the 10 largest Holdings

ACLO9.4%
DSCO15.6%

Securities held

ACLO365
DSCO360

Asset class

ACLO: Fixed Income
DSCO: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. ACLO holds 365 securities, DSCO 360.

All 363 ACLO holdings⁠All DSCO 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 DSCO Cost

Overpaying DSCO vs ACLO

$5,824

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

ACLO 0.20%
$4,155
DSCO 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

ACLO 0.20%
DSCO 0.50%
Overpaying

Year by year

Year	ACLO	DSCO	Overpaying
10	$365	$900	$535
20	$1,421	$3,460	$2,039
30	$4,155	$9,979	$5,824

Expense ratio

0.20%ACLO, cheaper
0.50%DSCO

ACLO0.20%DSCO0.50%

0.18%0.68%

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

ACLO 8th cheapest of 34 funds

DSCO 28th cheapest of 34 funds

ACLO vs DSCO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ACLO 4.89%; DSCO No data
Payout (12M): ACLO $2.47; DSCO No data
Last payment: ACLO $0.19; DSCO $0.12
Ex-dividend: ACLO Oct 1, 2026; DSCO Oct 1, 2026
Paid on: ACLO Oct 5, 2026; DSCO Oct 7, 2026
Frequency: ACLO Monthly; DSCO Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

ACLOMonthly · 24 paymentsAll ACLO payments⁠

DSCOMonthly · 8 paymentsAll DSCO payments⁠

ACLO vs DSCO 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 2024DSCO No data
Return per unit of riskSharpe ratio, 3 years: ACLO 1.74since Dec 2024DSCO No data
Worst fallMax drawdown, 5 years: ACLO −1.0%since Nov 2024DSCO No data
Market sensitivityBeta, 5 years: ACLO 0.04DSCO 0.38; Market = 1

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