CLOX

Panagram AAA CLO ETF

Updated as of: 7/19/2023

CLOX Details

Yield

  • SEC 30-Day Yield SEC 30-Day Yield: The fund’s annualized net investment income over the preceding 30 days divided by the maximum offering price as of the calculation date, multiplied by the average number of shares outstanding during the period -
  • Distribution Frequency Monthly

Fund Details

  • Fund Ticker CLOX
  • Exchange NYSE Arca
  • CUSIP 81752T486
  • Launch Date 7/19/2023
  • Total Net Assets -
  • Gross Expense Ratio 0.20%
  • Net Expense Ratio 0.20%
  • Primary Benchmark JP Morgan
    CLO AAA Index

Pricing Details

  • Previous Close - Previous Close: Market price
  • 30-Day Median Bid/Ask Spread
    (As of -) -
  • Premium/Discount -
  • Shares Outstanding -

 

FUND DESCRIPTION


Panagram AAA CLO ETF ("CLOX" or the "Fund") is an actively managed exchange-traded fund ("ETF") seeking consistent return income and a higher quality portfolio by investing primarily in a diverse portfolio of CLO AAAs

 

FUND ATTRIBUTES


CLOX SEEKS TO OFFER INVESTORS:

    CAPITAL PRESERVATION
    • CLO AAAs can be considered high-quality investments with robust historical performance and a zero-loss record
    POTENTIAL FOR HIGHER INCOME
    • CLO AAAs can offer attractive risk-adjusted yield in comparison to other similarly rated instruments
    DIVERSITY
    • CLOX can offer diverse exposure across a variety of industries, companies, and credit managers
    LOW CORRELATION
    • CLO AAAs can offer a low correlation to public debt and equity markets
    ACTIVE MANAGEMENT
    • Actively managed by Panagram, a specialist in CLO investing

 

HISTORICAL PREMIUM/DISCOUNT View

CLOX Details

Yield

  • SEC 30-Day Yield SEC 30-Day Yield: The fund’s annualized net investment income over the preceding 30 days divided by the maximum offering price as of the calculation date, multiplied by the average number of shares outstanding during the period -
  • Distribution Frequency Monthly

Fund Details

  • Fund Ticker CLOX
  • Exchange NYSE Arca
  • CUSIP 81752T486
  • Launch Date 7/19/2023
  • Total Net Assets -
  • Gross Expense Ratio 0.20%
  • Net Expense Ratio 0.20%
  • Primary Benchmark JP Morgan
    CLO AAA Index

Pricing Details

  • Previous Close - Previous Close: Market price
  • 30-Day Median Bid/Ask Spread
    (As of -) -
  • Premium/Discount -
  • Shares Outstanding -

Performance


Month-End Returns |


Quarter-End Returns

 

Returns (%)

(As of --)

1M YTD Since Inception
CLOX NAV
CLOX MKT - - -
JP Morgan CLO AAA Index - - -

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

QTD YTD Since Inception
CLOX NAV
CLOX MKT - - -
JP Morgan CLO AAA Index - - -

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Distribution Overview

Ex-Date Record Date Payable Date Ordinary Income Total Distribution
04/02/2024 04/03/2024 04/08/2024 $0.14587222 $0.14587222
03/04/2024 03/05/2024 03/08/2024 $0.12286213 $0.12286213
02/02/2024 02/05/2024 02/08/2024 $0.13237283 $0.13237283
12/28/2023 12/29/2023 01/02/2024 $0.08334612 $0.08334612
12/15/2023 12/18/2023 12/21/2023 $0.16077035 $0.16077035
11/10/2023 11/13/2023 11/16/2023 $0.12553332 $0.12553332
10/13/2023 10/16/2023 10/19/2023 $0.10509250 $0.10509250
09/15/2023 09/18/2023 09/21/2023 $0.16022667 $0.16022667
08/11/2023 08/14/2023 08/17/2023 $0.09923950 $0.09923950

Portfolio Management

John E. Kim

Portfolio Manager
CEO
Co-Founder of Panagram



Previously, John served as Principal and Head of Structured Products at Eldridge. Prior, John was a Managing Director at Natixis and head of CLO structuring at Deutsche Bank

MBA, NYU Stern School of Business
BA, Yale

Tim Wickstrom

Portfolio Manager
Managing Director
Co-Founder of Panagram



Previously, Tim was a Director at Eldridge in the structured products group. Prior, Tim was an Associate on Security Benefit’s investment team

AB, Bowdoin College

Partnership with MMCC

A portion of the Adviser’s management fees are donated to MMCC in furtherance of Panagram’s efforts to drive real change in local communities. MMCC is a vital resource that provides education and enrichment programs, support, and opportunities to more than 35,000 Bronx and Manhattan residents a year. Please refer to https://www.mmcc.org/ for additional information regarding MMCC.



Documents

Portfolio Top Holdings

(As of -)

CLOX Portfolio Top 10 Holdings

ISSUER TICKER CUSIP FACE VALUE MARKET VALUE WEIGHT %

 

Subject to Change

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

Industry concentration and additional portfolio metrics may be available upon request.