CLOC vs DSCO

CLOCBAAM Crescent CLO ETF

DSCODDoubleLine Securitized Credit 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.

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

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

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

• 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.

• 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

• 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.

• 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 CLOC profile⁠

Full DSCO profile⁠