ACLO — Tcw Aaa Clo ETF
Data updated: 2026-09-28
ACLO — Tcw Aaa Clo ETF. Intermediate Securitized (MBS/ABS/CMBS) Bond · $520.53M AUM · 0.20% expense ratio. Holdings, fees, performance and SEC filings.
ACLO Fund Overview
ACLO — Tcw Aaa Clo ETF is a US ETF managed by TCW ETF Trust, categorised as Intermediate Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: TCW ETF Trust
- Category: Intermediate Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $520.53M
- 1-year return: 5.1%
- Ticker: ACLO
- SEC CIK: 0001831313
- SEC series ID: S000085544
- Share class ID: C000250837
ACLO Investment Objective and Strategy
Tcw Aaa Clo ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by TCW ETF Trust.
Investment objective
Investment Objective: The Funds investment objective is to seek to provide capital preservation and current income by investing principally in a portfolio composed of U.S. dollar-denominated AAA-rated collateralized loan obligations (CLOs).
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF). The Fund will invest, under normal circumstances, at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in U.S. dollar-denominated CLOs that are, at the time of purchase, rated AAA (or an equivalent rating) by at least one of the major rating agencies or, if unrated, determined by the Adviser to be of comparable quality, in accordance with Rule 35d-1 under the Investment Company Act of 1940, as amended (the 1940 Act). If the Fund changes this investment policy, it will notify shareholders in writing at least 60 days in advance of the change. The Fund has no restrictions on investment maturity. The Fund may purchase CLOs in both the primary market (e.g., directly from the issuer) and in the secondary market.
A CLO is ordinarily issued by a trust or other special purpose entity (SPE) and is a security backed by an underlying portfolio of loan obligations, which may include, among others, domestic and non-U.S. senior secured loans, senior unsecured loans, covenant lite loans (which have few or no financial maintenance covenants) and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans, and high yield bonds rated below investment grade (commonly known as junk bonds), held by such issuer. The cash flows from the SPE are split into two or more tranches of debt that vary in risk and yield. The riskiest CLO tranche is the equity tranche, which bears the first loss from defaults from the bonds or loans in the SPE and serves to protect the other, more senior tranches from default (though such protection is not complete).
Since it is partially protected from defaults, a senior CLO tranche typically has higher ratings and lower yields than its underlying securities and may be rated AAA. The Fund may invest up to 20% of its assets in CLOs denominated in any currency and in CLOs that are, at the time of purchase, rated AA or A (or an equivalent rating) by at least one of the major rating agencies or, if unrated, determined by the Adviser to be of comparable quality. The Fund may invest in floating- and fixed-rate CLOs. The Fund may also buy when-issued securities and participate in delayed delivery transactions. When-issued and delayed delivery transactions involve a commitment to purchase or sell specific securities at a predetermined price or yield in which payment and delivery take place after the customary settlement period for that type of security.
Typically, no interest accrues to the purchaser until the security is delivered. The Fund uses a bottom-up analysis to select CLO investments which considers various factors, including an assessment of the CLO manager, the CLOs underlying collateral, expected performance under various stress scenarios and an analysis of the CLOs documentation and structural terms. The Fund may use derivatives for hedging purposes, for risk management or to increase income or gains for the Fund. The types of derivative instruments in which the Fund will principally invest are options, futures and swap agreements, as well as interest rate or foreign currency derivatives, including swaps and forward contracts. The Fund is a non-diversified fund, which means that it may invest its assets in a smaller number of issuers than a diversified fund.
ACLO Holdings
Top 10 holdings of Tcw Aaa Clo ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| American Money Management Corporation | 1.07% |
| Rockford Tower CLO Ltd | 1.06% |
| Octagon Investment Partners 51 Ltd | 1.06% |
| Madison Park Funding Ltd | 1.06% |
| Golub Capital Partners CLO, LTD | 1.06% |
| Dryden Senior Loan Fund | 1.02% |
| Golub Capital Partners CLO, LTD | 0.96% |
| Octagon 64 Ltd | 0.90% |
| Voya CLO Ltd | 0.82% |
| Stratus CLO | 0.82% |
ACLO Portfolio Allocation
Asset-class allocation of Tcw Aaa Clo ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 98.9% |
| Cash & Equivalents | 0.7% |
| Equity | 0.7% |
ACLO Performance
Total returns for ACLO (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.9% |
| 1 year | 5.1% |
ACLO Risk Information
Risk metrics for ACLO, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.3%
ACLO Costs and Fees
ACLO costs about $20 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.20%
- Gross expense ratio: 0.20%
- Portfolio turnover: 72%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
ACLO Cashflows
Over the 12 months to 2026-07, Tcw Aaa Clo ETF had net inflows of $239.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $9.57M |
| 2026-06 | $7.59M |
| 2026-05 | $6.05M |
| 2026-04 | $33.18M |
| 2026-03 | $76.49M |
| 2026-02 | $34.78M |
ACLO Debt Constituents
No individual debt constituents are reported in Tcw Aaa Clo ETF's latest SEC N-PORT filing.
ACLO Prospectus and SEC Filings
Official Tcw Aaa Clo ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus supplement (497) — filed 2026-03-05
- Prospectus supplement (497) — filed 2025-03-06
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-12
Related Funds
Other Intermediate Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.