BondBloxx Private Credit CLO ETF (PCMM)

BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund in the Securitized Bond Focused category. It has $239.21M in assets, an expense ratio of 0.68% and a 6.25% dividend yield. 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”). 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 fund is non-diversified.