CLOC vs CLOX

CLOCBAAM Crescent CLO ETF

CLOXBEldridge AAA CLO ETF

In short

CLOC A 2025 arrival in the CLO aisle that undercuts the category on fee: 0.18% a year, below the typical CLO fund and below the giants it competes with. Its mandate leads with capital preservation, then low correlation and current income.

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

CLOC The Fund seeks capital preservation, low correlation with traditional asset classes, and current income.

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

Why people hold it

• CLOC Cheapest seat in the CLO aisle: 0.18% a year against a 0.25% category median, and a step under the biggest AAA CLO funds (JAAA, CLOA, PAAA, FAAA, ACLO at 0.19%-0.20%).
• The mandate is unusually explicit: capital preservation first, low correlation with traditional asset classes second, current income third.
• Young, but it already stands in the upper half of a crowded 27-fund CLO group.

• 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

• CLOC Thinly traded next to the multi-billion-dollar CLO names, so spreads can be wider and larger orders take patience.
• Launched in October 2025, so the history is short and there is not yet a full credit cycle to judge it by.
• Distributions have come on an irregular schedule rather than a fixed monthly rhythm, so income timing is less predictable.

• 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 CLOC profile⁠

Full CLOX profile⁠