As of
| 1yr | 2yr | 3yr | Incept. |
---|---|---|---|---|
NAV | - | - | - | - |
Market Price | - | - | - | - |
Index | - | - | - | - |
Product Name | BondBloxx Private Credit CLO ETF |
Ticker | PCMM |
CUSIP | 09789C671 |
Asset Class | Fixed Income |
Fund Inception Date | 12/02/2024 |
Exchange | Nasdaq |
Distribution Frequency | Monthly |
Fund Net Assets | $12,549,628 |
Shares Outstanding | 250,000 |
Median Spread | 0.38% |
Premium Discount Ratio | 0.07% |
Closing Price as of 12/12/2024 | $50.24 |
Benchmark | Bloomberg US Aggregate Index |
Ticker | LBUSTRUU |
The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
Ex-Date | Record Date | Pay Date | Distribution Paid (Per Share) |
---|---|---|---|
- | - | - | - |
As of
| 1yr | 2yr | 3yr | Incept. |
---|---|---|---|---|
NAV | - | - | - | - |
Market Price | - | - | - | - |
Index | - | - | - | - |
As of Dec 12, 2024 | WTD | MTD | QTD | YTD |
---|---|---|---|---|
NAV | 0.22% | - | - | - |
Market Price | - | - | - | - |
Index | -1.00% | - | - | - |
The performance quoted represents past performance and does not guarantee future results. The investment return and principal will fluctuate. Investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Returns less than one year are not annualized. Shares of the Fund are bought and sold at market price (not NAV) and are not individually redeemed from a Fund.
Number of Days At | 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 |
---|---|---|---|---|---|
Premium | -- | -- | -- | -- | -- | NAV | -- | -- | -- | -- | -- | Discount | -- | -- | -- | -- | -- |
© 2024 BondBloxx, Inc. All rights reserved
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. Read the prospectus carefully before investing.
There are risks associated with investing, including possible loss of principal. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline.
The Fund is a newly-organized, actively managed exchange-traded fund (“ETF”) that does not seek to replicate the performance of a specified index. The Fund invests, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in private credit collateralized loan obligations (“CLOs”), which are CLOs in which the majority of each such CLO consists of a pool of loans to private companies (“private credit CLOs,” also commonly known as “middle market CLOs”).
A CLO is a type of asset-backed security supported by interest and principal payments generated from a pool of loans, which may include, among others, U.S. and non-U.S. senior secured loans and subordinated corporate loans and privately placed loans. The term “private credit” refers to lending activity that occurs outside of the broadly syndicated loan markets in which the banks and other traditional lenders place an issuer’s debt obligations across a wide range of investors.
The risks of investing in CLOs include both the economic risks of the underlying loans combined with the risks associated with the CLO structure governing the priority of payments. The degree of such risk will generally correspond to the specific tranche in which the Fund is invested. The Fund intends to invest primarily in investment grade rated private credit CLOs; however, any such ratings do not constitute a guarantee, may be downgraded, and in stressed market environments it is possible that even investment grade rated CLO tranches could experience losses due to actual defaults, increased sensitivity to defaults due to collateral default and the disappearance of the subordinated/equity tranches, market anticipation of defaults, as well as negative market sentiment with respect to CLO securities as an asset class.
The Sub-Adviser may not be able to accurately predict how specific CLOs or the portfolio of underlying loans for such CLOs will react to changes or stresses in the market, including changes in interest rates. The most common risks associated with investing in CLOs are liquidity risk, interest rate risk, credit risk, prepayment risk, and the risk of default of the underlying asset, among others. These risks may be heightened for private credit CLOs, as the portfolios of underlying loans for such CLOs are typically smaller than those of broadly syndicated loan CLOs, and as such, private credit CLOs may not have the same access to the capital markets to potentially mitigate and/or diversify such risks.
Investment in middle market companies involves a number of significant risks. Generally, limited public information exists about these companies, and the Fund is required to rely on the ability of the Sub-Adviser’s investment professionals to obtain adequate information to evaluate the potential returns from investing in these companies. If the Sub-Adviser is unable to uncover all material information about these companies, it may not be able to make a fully informed investment decision, and the Fund may lose money on is investments.
The Fund is a newly organized entity and has no operating history. Distributor: Foreside Fund Services, LLC.
Back to Top