Understanding the NYLI INVESTMENT GRADE CLO ETF (CLOO)

What this ETF is trying to do

The NYLI INVESTMENT GRADE CLO ETF (ticker: CLOO) is an exchange-traded fund listed on the NYSE. While specific investment details regarding its exact holdings are not provided in this report, the fund's name suggests it focuses on investment-grade Collateralized Loan Obligations (CLOs).

What the numbers show

As of October 9, 2026, the current price of CLOO is $25.15.

Regarding performance history, total return data (which includes both price changes and distributions) and price return data (which only tracks the share price) were not supplied for the year-to-date, one-year, or three-year periods. Because there is no recorded history of share splits for this ETF, an estimated price from roughly one year ago is also not available in the provided data.

Income and distribution explanation

Investors often look at ETFs for regular cash payments, known as distributions. For CLOO:

• Distribution Yield: The distribution yield is approximately 1.79%. This number describes the cash distributions relative to the current ETF price.

• Trailing Distributions: The trailing distributions are approximately $0.45 per share.

• Frequency: The fund usually pays out on a quarterly basis. In the last 12 months, there were 5 payout counts.

• Timing: Based on recent data, the most common day for distributions to occur is Friday.

It is important to remember that a distribution yield is not the same as a total return. The yield tells you how much cash was paid out, but it does not account for whether the share price went up or down during that time.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Currently, there is no severe erosion-risk flag for this ETF. The erosion score is withheld because there is insufficient verified price history available in the data provided.

Pros

• The fund provides regular cash distributions, usually on a quarterly schedule.

• There is no history of share splits or reverse splits recorded in the current data.

Cons

• There is a lack of available historical performance data (price returns and total returns) to evaluate how the fund has performed over time.

• Detailed information regarding the top holdings and specific portfolio exposure was not supplied.

Beginner takeaway

CLOO is an ETF that provides regular distributions, typically every quarter. While the current distribution yield is approximately 1.79%, new investors should look for total return data to see how the share price moves alongside these payments. Because historical performance and specific holding data were not supplied, it is difficult to see the fund's long-term track record from this data alone.