New York Life Investment Management today announced the launch of the NYLI Investment Grade CLO ETF (NYSE:CLOO), an actively managed exchange traded fund (ETF) designed to provide investors with access to investment grade collateralized loan obligations (CLOs) through a disciplined, research-driven approach.
The team behind CLOO seeks to identify CLO securities that offer attractive risk-adjusted returns by focusing primarily on higher-quality tranches of CLO securities, with at least 80% of the portfolio allocated to securities rated investment grade. The strategy is built to balance income generation with a strong emphasis on capital preservation, something many investors are prioritizing in today’s uncertain rate and credit environment.
CLOO is managed by New York Life Investment Management LLC with NYL Investors LLC serving as subadvisor. Portfolio managers Arthur Torrey and Christian Saltaformaggio bring decades of experience in structured credit and have been managing CLO portfolios using a similar framework since 2010.
“CLOs have evolved into a core building block within fixed income, offering attractive income with structural protections that many investors may not fully appreciate,” said Kirk Lehneis, Head of U.S. Retail at New York Life Investment Management. “With CLOO, we’re focused on delivering that opportunity through a high-quality lens and an active approach that’s grounded in deep credit work.”
The investment process blends top-down portfolio construction with bottom-up security selection. Guided by a disciplined approach, the team evaluates macro conditions and credit cycles by conducting detailed analysis of individual CLO structures, underlying collateral, and manager quality while seeking to uncover relative value opportunities without losing sight of downside risks.
“Not all CLO exposure is created equal,” said Art Torrey, Managing Director and Head of Public Credit Portfolio Management and Trading. “Our approach is about being selective. By understanding the structure, the manager, and underlying loans, we can build a portfolio that we believe can hold up across different market environments while continuing to generate income.”
For more information on the fund and on New York Life Investment Management’s full suite of ETF offerings, as well as insights and commentary on inflation and the current market environment, please visit our website here.
About New York Life Investment Management
With approximately $807 billion* in assets under management as of March 31, 2026, New York Life Investment Management is a Pensions & Investments’ Top 30 Largest Money Manager** and one of the largest active asset managers globally, with leading positions across both public and private markets. Comprised of the affiliated global asset management businesses of New York Life Insurance Company, New York Life Investment Management is committed to achieving enduring financial outcomes and building long-term partnerships across market cycles and generations. Our specialized, independent investment teams bring disciplined active management and deep expertise to help clients navigate the next era of investing.
“New York Life Investment Management” is the brand name and service mark used to represent a group of affiliated investment advisers of New York Life Insurance Company: Andera Partners, Apogem Capital LLC, Ausbil Investment Management Limited, Bow River Asset Management, LLC, Candriam S.C.A., Kartesia Management S.à r.l., MacKay Shields LLC, New York Life Investment Management LLC, NYL Investors LLC, and Tristan Capital Partners LLP.
*Assets under management (AUM) includes assets of the investment advisers that make up “New York Life Investment Management” as of 3/31/2026. AUM includes certain assets, such as nondiscretionary AUM, external fund selection, and overlay services, including ESG screening services, advisory consulting services, white labeling services, and model portfolio delivery services, that are not necessarily considered Regulatory Assets Under Management according to the SEC’s Form ADV. AUM is reported in USD. AUM not denominated in USD is converted at the spot rate as of 3/31/2026.
The total AUM figure for “New York Life Investment Management,” as a brand, is less than the sum of the AUM of each affiliated investment adviser in the group because it does not count AUM where the same assets can be counted by more than one affiliated investment adviser. In addition, AUM includes assets of certain, but not all, investment advisers affiliated with New York Life Insurance Company and excludes assets managed by Andera Partners and Bow River Asset Management, LLC. AUM is based on estimates and is subject to change.
**New York Life Investment Management ranked 28th largest institutional investment manager in Pensions & Investments’ Largest Money Managers 2025 published June 2025, based on worldwide institutional AUM as of Dec. 31, 2024. No direct or indirect compensation was paid for the creation and distribution of this ranking.
DISCLOSURES
About Risk: Investments involve risk, including possible loss of principal. As a new fund, there can be no assurance that the Fund will grow to or maintain an economically viable size. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time. This impact may be positive or negative, depending on the direction of market movement during the period affected. The Fund invests primarily in collateralized loan obligations (CLOs), which are subject to credit, interest rate, market, liquidity, and structural risks. CLOs are backed by pools of below investment-grade loans and are subject to borrower defaults, deterioration in collateral quality, and variable recovery rates. Cash flows may be adversely affected by loan prepayments, defaults, or the failure of structural tests (e.g., overcollateralization and interest coverage), which may redirect or reduce payments to certain tranches. Structural protections are designed to mitigate losses but are limited and do not eliminate the risk of loss, including for senior tranches. CLO securities may be less liquid and more complex than other fixed income investments, particularly in stressed market conditions. The Fund is actively managed and its performance depends on the investment adviser’s decisions. Shares are bought and sold at market price and may trade at a premium or discount to net asset value, and investors may incur brokerage commissions and bid-ask spreads.
Before investing, investors should carefully consider the investment objectives, risks, charges, and expenses of the investment company. This and other important information are contained in the prospectus and, if available, the summary prospectus, which may be obtained by visiting https://dfinview.com/NYLIM or by contacting your financial professional. Investors should read the prospectus and, if available, the summary prospectus carefully before investing.
Securities distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, Member FINRA/SIPC.
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