ETF Evaluator:
Guggenheim Investment Grade CLO ETF ()
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(as of )
Best Performing in Securitized Bond - Focused Over the Last Year
| 6.0% | Reckoner BBB-B CLO ETF (RCLO) |
| 5.7% | iShares BBB-B CLO Active ETF (BCLO) |
| 5.6% | AAM Crescent CLO ETF (CLOC) |
| 5.4% | Nuveen AA-BBB CLO ETF (NCLO) |
| 5.3% | Reckoner Yield Enhanced AAA CLO ETF (RAAA) |
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ETF Details
Guggenheim Investment Grade CLO ETF Overview
Guggenheim Investment Grade CLO ETF (GCLO) is an actively managed Taxable Bond Securitized Bond - Focused exchange-traded fund (ETF). Guggenheim Investments launched the ETF in 2026.
The investment seeks to provide a high level of current income while maximizing total return.
The Advisor intends to pursue its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in investment grade-rated collateralized loan obligations (“CLOs”) and in derivatives and other instruments that have economic characteristics and provide investment exposure similar to investment grade-rated CLOs. It is non-diversified.
About Guggenheim Investment Grade CLO ETF (GCLO)
There are 4 members of the management team with an average tenure of 0.20 years: Adam Bloch (2026), Steven Brown (2026), Evan Serdensky (2026) and Karthik Narayanan (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Guggenheim Investment Grade CLO ETF has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Guggenheim Investment Grade CLO ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Guggenheim Investment Grade CLO ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Guggenheim Investment Grade CLO ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $60 million in total assets, which is below the $1 billion average for the Securitized Bond - Focused category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GCLO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Guggenheim Investment Grade CLO ETF expense ratio is below average compared to funds in the Securitized Bond - Focused category. Guggenheim Investment Grade CLO ETF has an expense ratio of 0.35%, which is 12% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Guggenheim Investment Grade CLO ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 40% for the Securitized Bond - Focused category.
Recently, in the month of October 2026, Guggenheim Investment Grade CLO ETF returned 0.3%, which earned it a grade of D, as the Securitized Bond - Focused category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Guggenheim Investment Grade CLO ETF has a trailing yield of 0.00%, which is below the 5.30% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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GCLO Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GCLO Return (NAV) | 0.3% | na | na | na | na | na |
| GCLO Return (Price) | 0.4% | na | na | na | na | na |
| NAV +/- Price Return | -0.088% | na | na | na | na | na |
| Securitized Bond - Focused Avg | 0.4% | 1.1% | 4.5% | 6.5% | 3.6% | 2.0% |
| GCLO Grade (NAV) | D | na | na | na | na | na |
| +/- Category (NAV) | -0.1% | na | na | na | na | na |
| GCLO Tax-Cost Ratio | na | na | na | na | na | na |
GCLO Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GCLO Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| GCLO Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Securitized Bond - Focused Avg | 3.6% | 5.9% | 7.6% | 9.0% | -3.7% | 0.3% | 5.8% | 7.5% | 0.6% | 3.1% | 3.0% |
| GCLO Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 60 Mil |
| Share Class Assets: | $ 60 Mil |
| Turnover: | na |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Bloch Adam (2026), Brown Steven (2026), Serdensky Evan (2026), Narayanan Karthik (2026) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Guggenheim Investments |
| Phone Number: | 800-820-0888 |
| Website: | www.guggenheiminvestments.com |
| Inception Date: | August 19, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.31% |
