New CLO ETFs Offer Attractive Income, But Vary in Credit Risk

This article mentions three different stocks: Janus Henderson AAA CLO ETF (JAAA), Janus Henderson B-BBB CLO ETF (JBBB), and Panagram BBB-B CLO ETF (CLOZ). The author's recommendation is to buy and hold these stocks.

The author's core argument is that collateralized loan obligations (CLOs) offer strong dividends, low credit risk, and almost no interest rate risk. The author also mentions that CLOs currently yield more than comparable fixed income securities across credit ratings, asset classes, and maturities.

Key information and data provided in the article includes the credit risk, interest rate risk, performance track-record, and dividend yields of each of the three ETFs. It mentions that JAAA has extremely low credit risk, negligible interest rate risk, and a 6.7% SEC yield. JBBB has extremely low credit risk, negligible interest rate risk, and an 8.6% SEC yield. CLOZ has low credit risk, negligible interest rate risk, and a 10.8% SEC yield. The article also highlights the performance and volatility of each ETF.