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Posted by
Two Blokes Jun 25 -
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Stock
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BondBloxx Private Credit CLO ETF is a mid-market CLO and BSL newcomer. The ETF follows a laddered approach to its ratings exposure, has a 30-day SEC yield of around 7.60%, and an expense ratio of 0.68%. Although it possesses an effective duration of merely 0.13, PCMM has a widish option-adjusted spread of 340 basis points and a yield-to-worst of 40 basis points below the YTM.
