Advisors Asset Management Expands Growing ETF Suite with Launch of the AAM Crescent CLO ETF (CLOC) - the Lowest Cost CLO ETF in the Marketplace
Rhea-AI Summary
Advisors Asset Management (NYSE: CLOC) launched the AAM Crescent CLO ETF (CLOC) on October 23, 2025, offering investors access to liquid, investment-grade tranches of collateralized loan obligations (CLOs).
The ETF is subadvised by Crescent Capital Group, which the announcement says has 30+ years of CLO experience, and carries a net expense ratio of 0.18% as of 10/23/25, described as the lowest-cost CLO ETF in the market. CLOC is positioned for income-seeking investors within AAM's 'Resilient Income' ETF suite.
Positive
- Net expense ratio of 0.18% as of 10/23/25
- Listed on NYSE under ticker CLOC (launched 10/23/25)
- Access to investment-grade CLO tranches via ETF structure
- Subadvised by Crescent with 30+ years of CLO experience
- Positioned for income as part of AAM's 'Resilient Income' suite
Negative
- None.
Insights
Launch of a low‑cost, actively managed CLO ETF expands income options; cost and subadvisor pedigree are the key value propositions.
AAM launched the AAM Crescent CLO ETF (CLOC) on
The primary dependency is the subadvisor’s execution: Crescent’s stated three decades of CLO experience underpins the strategy’s ability to select tranches and manage structural risk. Key risks noted are exposure to the CLO market structure and credit performance; the release explicitly ties the fund’s potential to Crescent’s experience rather than to any guaranteed outcome.
Concrete items to watch include initial portfolio composition, realized yield and credit quality of held tranches, and early liquidity behaviour over the first quarter after launch; these milestones should be observable by
CLOC offers investors access to investment grade CLOs, subadvised by one of the most experienced CLO managers in the industry.
CLOC is designed for investors seeking enhanced income opportunities relative to traditional credit sectors, while maintaining a disciplined focus on quality and liquidity. The strategy leverages Crescent's three decades of experience as both an issuer and investor in CLOs—an advantage that enables deeper insight into market dynamics, structural trends, and potential risks across the credit landscape.
"The launch of CLOC reinforces AAM's commitment to offering differentiated, actively managed strategies designed to meet the demand of today's investors," said Lance McGray, Managing Director, Head of ETF Product, AAM. "In an environment defined by inflation and interest-rate volatility, investors are increasingly looking beyond traditional fixed income sectors to source meaningful income. Our partnership with Crescent—one of the most experienced CLO managers in the market—allows us to bring institutional-caliber credit expertise to a broader audience through an accessible ETF. With a net expense ratio of
As sub-advisor to CLOC, Crescent brings over 30 years of credit expertise, specializing in corporate and structured credit strategies spanning bank loans, high yield bonds, CLOs, and private debt. Crescent was among the first firms to issue CLOs in 1993 and continues to be a leading participant today.
"Crescent's long-standing role as both a manager and issuer of CLOs gives us a distinct vantage point to identify relative value and mitigate risk across structures," said Wayne Hosang, Managing Director,Portfolio Manager, Crescent. "Through CLOC, investors can access an institutional-caliber portfolio built to provide compelling income potential with lower sensitivity to interest rate movements."
CLOC is also the latest addition to AAM's 'Resilient Income' suite of ETFs – AAM's lineup of their income-focused ETFs.
About Advisors Asset Management
With roots dating back to 1979, AAM has become a trusted resource for financial advisors and broker/dealers. The firm offers access to alternatives, exchange-traded funds, fixed income markets, managed accounts, mutual funds, structured products, and unit investment trusts. AAM is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. For more information, visit www.aamlive.com.
As of June 30, 2025, the brokerage and advised business at AAM represents approximately
About Crescent Capital Group LP
Crescent is a global credit investment manager with
Click here for CLOC prospectus.
*Gross expense ratio is
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contains this and other important information about the investment company, and it may be obtained by calling 800.617.0004 or visiting www.aamlive.com. Read it carefully before investing.
Investing involves risk; Principal loss is possible.
Principal Risks: Fixed-income securities are subject to the ability of an issuer to make timely principal and interest payments (credit risk), changes in interest rates (interest-rate risk), the creditworthiness of the issuer and general market liquidity (market risk). In a rising interest-rate environment, bond prices may fall and may result in periods of volatility and increased portfolio redemptions. In a declining interest-rate environment, the portfolio may generate less income. CLO Risk. CLOs are securities backed by an underlying portfolio of loan obligations. CLOs issue classes or "tranches" that vary in risk and yield and may experience substantial losses due to actual defaults, decrease of market value due to collateral defaults and removal of subordinate tranches, market anticipation of defaults and investor aversion to CLO securities as a class. The risks of investing in CLO securities include both the credit risk associated with the underlying loans combined with the risks associated with the CLO structure governing the priority of payments (and any legal and counterparty risk associated with carrying out the priority of payments). At certain times, this Fund may increase its exposure to and invest primarily in BBB+, BBB, and BBB- rated tranches (or equivalent ratings by a NRSRO); however, these ratings do not constitute a guarantee of credit quality and it's possible that under stressed market environments these tranches could experience substantial losses due to defaults, write-downs of the equity or other subordinated tranches, increased sensitivity to defaults due to underlying collateral default and impairment of subordinated tranches, market anticipation of defaults, and general market aversion to CLO securities as an asset class. The most common risks associated with investing in CLOs are interest rate risk, credit risk, liquidity risk, prepayment risk (i.e., the risk that in a declining interest rate period CLO tranches could be refinanced or paid off prior to their maturities and the Fund would then have to reinvest the proceeds at a lower rate), and the risk of defaults of the underlying assets. New Fund Risk: The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Management Risk: The Fund is actively managed and may not meet its investment objective based on the Adviser's success or failure in implementing investment strategies for the Fund. Bank Loans Risk: The CLOs in which the Fund invests are typically collateralized by bank loans. Bank loans are typically originated and structured by banks and institutions on behalf of corporate borrowers. Bank loans are typically distributed by the arranging banks and private client lenders to investors primarily consisting of: CLOs; senior secured loan and high yield bond mutual funds; closed-end funds, hedge funds, banks, insurance companies and finance companies. Investments in bank loans may expose the Fund to different risks, including liquidity risk, price volatility, ability to restructure loans, credit risks and less protective loan documentation.
Advisors Asset Management, Inc. (AAM) is a SEC-registered investment advisor and member FINRA/SIPC. | Registration does not imply a certain level of skill or training. | 18925 Base Camp Road |
AAM ETFs are distributed by Quasar Distributors, LLC. AAM and Quasar are not affiliated.
For more information, visit www.aamlive.com | LinkedIn: https://www.linkedin.com/company/advisors-asset-management-inc-/
CRN: 2025-1017-12941 R
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AAM CONTACT: |
CRESCENT CONTACT: |
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Matthew Bono |
Sarah Trout |
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JConnelly |
Medel Communications |
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(973) 590-9110 |
(917) 664-0319 |
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SOURCE Advisors Asset Management
FAQ
What is the AAM Crescent CLO ETF (CLOC) and when did it launch?
What is CLOC's net expense ratio (ticker CLOC)?
Who manages or subadvises the AAM Crescent CLO ETF (CLOC)?
What investment exposure does CLOC provide for investors?
How does CLOC fit within AAM's ETF lineup?
