Fixed Income

Bank Loans & CLOs ETFs

Loans and CLO tranches reset with short rates, so they hold value when rates rise and yield falls when rates are cut. The risk is credit, not duration: AAA CLO funds are conservative, while BB tranches and leveraged loans behave like high yield.

Theme performance

Equal-weighted across every fund in this objective

1Y: +7.2%
5Y ann.: +5.3%
10Y ann.: —
All-time ann.: —

Sort5 funds

JAAA

Janus Henderson AAA CLO ETF

Janus Henderson

Only AAA-rated CLO tranches: cash-like risk with a meaningful yield pickup over T-bills.

Fee: 0.20%
AUM: $26.4B
Yield: 5.9%

1Y: +6.1%
5Y ann.: +5.4%
10Y ann.: —
Max ann.: —

BKLN

Invesco Senior Loan ETF

Invesco

The largest senior loan fund: floating-rate, below-investment-grade corporate loans.

Fee: 0.65%
AUM: $7.4B
Yield: 7.9%

1Y: +7.1%
5Y ann.: +5.1%
10Y ann.: —
Max ann.: —

SRLN

SPDR Blackstone Senior Loan ETF

SPDR

Actively managed loans run by Blackstone, with more freedom to avoid stressed credits.

Fee: 0.70%
AUM: $6.9B
Yield: 8.1%

1Y: +7.4%
5Y ann.: +5.4%
10Y ann.: —
Max ann.: —

JBBB

Janus Henderson B-BBB CLO ETF

Janus Henderson

Mezzanine CLO tranches: much higher yield, real loss risk in a credit downturn.

Fee: 0.49%
AUM: $1.6B
Yield: 8.4%

1Y: +8.9%
5Y ann.: —
10Y ann.: —
Max ann.: —

CLOI

VanEck CLO ETF

VanEck

Actively managed CLO portfolio spanning AAA down to BBB, run by PineBridge.

Fee: 0.40%
AUM: $1.1B
Yield: 6.4%

1Y: +6.6%
5Y ann.: —
10Y ann.: —
Max ann.: —