New York Life Investment Management Debuts Investment Grade CLO ETF, Expanding Access to High-Quality Income
Actively managed strategy seeks to deliver income
and capital preservation through high-quality CLO exposure
The team behind CLOO seeks to identify CLO securities that offer attractive risk-adjusted returns by focusing primarily on higher-quality tranches of CLO securities, with at least 80% of the portfolio allocated to securities rated investment grade. The strategy is built to balance income generation with a strong emphasis on capital preservation, something many investors are prioritizing in today’s uncertain rate and credit environment.
CLOO is managed by
“CLOs have evolved into a core building block within fixed income, offering attractive income with structural protections that many investors may not fully appreciate,” said
The investment process blends top-down portfolio construction with bottom-up security selection. Guided by a disciplined approach, the team evaluates macro conditions and credit cycles by conducting detailed analysis of individual CLO structures, underlying collateral, and manager quality while seeking to uncover relative value opportunities without losing sight of downside risks.
“Not all CLO exposure is created equal,” said
For more information on the fund and on
About
With approximately
“New York Life Investment Management” is the brand name and service mark used to represent a group of affiliated investment advisers of
*Assets under management (AUM) includes assets of the investment advisers that make up “New York Life Investment Management” as of 3/31/2026. AUM includes certain assets, such as nondiscretionary AUM, external fund selection, and overlay services, including ESG screening services, advisory consulting services, white labeling services, and model portfolio delivery services, that are not necessarily considered Regulatory Assets Under Management according to the SEC’s Form ADV. AUM is reported in USD. AUM not denominated in USD is converted at the spot rate as of 3/31/2026.
The total AUM figure for “New York Life Investment Management,” as a brand, is less than the sum of the AUM of each affiliated investment adviser in the group because it does not count AUM where the same assets can be counted by more than one affiliated investment adviser. In addition, AUM includes assets of certain, but not all, investment advisers affiliated with
**
DISCLOSURES
About Risk: Investments involve risk, including possible loss of principal. As a new fund, there can be no assurance that the Fund will grow to or maintain an economically viable size. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time. This impact may be positive or negative, depending on the direction of market movement during the period affected. The Fund invests primarily in collateralized loan obligations (CLOs), which are subject to credit, interest rate, market, liquidity, and structural risks. CLOs are backed by pools of below investment-grade loans and are subject to borrower defaults, deterioration in collateral quality, and variable recovery rates. Cash flows may be adversely affected by loan prepayments, defaults, or the failure of structural tests (e.g., overcollateralization and interest coverage), which may redirect or reduce payments to certain tranches. Structural protections are designed to mitigate losses but are limited and do not eliminate the risk of loss, including for senior tranches. CLO securities may be less liquid and more complex than other fixed income investments, particularly in stressed market conditions. The Fund is actively managed and its performance depends on the investment adviser’s decisions. Shares are bought and sold at market price and may trade at a premium or discount to net asset value, and investors may incur brokerage commissions and bid-ask spreads.
Before investing, investors should carefully consider the investment objectives, risks, charges, and expenses of the investment company. This and other important information are contained in the prospectus and, if available, the summary prospectus, which may be obtained by visiting https://dfinview.com/NYLIM or by contacting your financial professional. Investors should read the prospectus and, if available, the summary prospectus carefully before investing.
Securities distributed by
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sara_j_guenoun@newyorklife.com
Craft & Capital
rob@craftandcapital.com
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