(ACLO) TCW Trust - Ratings and Ratios

The TC ETF Trust (NASDAQ:ACLO) is an ultrashort bond ETF primarily focused on U.S. dollar-denominated collateralized loan obligations (CLOs). Under normal conditions, the fund allocates at least 80% of its net assets and borrowings to CLOs rated AAA by major rating agencies or deemed of equivalent quality by its adviser. This threshold underscores the funds commitment to high credit quality, aiming to mitigate risk through stringent selection criteria. CLOs are structured financial instruments collateralized by syndicated loans, typically offering floating-rate returns and seniority in the capital structure, which can provide protection against defaults. The funds strategy is designed to capitalize on the relatively stable yields of high-grade CLOs while maintaining a short duration profile to navigate interest rate risks.

From a technical standpoint, ACLO has shown a stable price pattern, with its 20-day, 50-day, and 200-day simple moving averages (SMA) clustered closely around 50.18. The average trading volume over the past 20 days is approximately 136,895 shares, indicating moderate liquidity. The Average True Range (ATR) of 0.03 reflects low price volatility, suggesting minimal daily price fluctuations. Fundamentally, the ETF manages net assets of $197.94 million, positioning it as a small to medium-sized fund in its category. This size allows for efficient portfolio management while maintaining access to a diversified pool of CLO securities.