ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Eldridge Capital Management operates a focused ETF lineup concentrated in the fixed income space. The firm currently manages one bond-focused ETF, CLOZ, which targets income-oriented investors seeking exposure to fixed income strategies. With a streamlined product offering, Eldridge Capital Management maintains a niche presence in the ETF market through its specialized bond fund approach.
See our curated list of related YouTube videos on CLOZ.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Janus Henderson operates a focused ETF lineup of six funds primarily concentrated in fixed-income and income-generating strategies. Their portfolio includes bond-focused funds across credit qualities (JAAA, JBBB, JMBS), an income-oriented equity fund (JSI), and specialized offerings like a Japanese equity fund (JUDO) and a non-leveraged alternatives fund (VNLA). The issuer targets investors seeking steady income streams and diversified exposure across traditional and alternative asset classes.
See our curated list of related YouTube videos on JAAA.
Seeks current income and capital appreciation by investing primarily in CLO debt tranches rated BBB to B.
Provide exposure to the fund's underlying index or strategy per issuer materials.
Asset class
Fixed Income
Fixed Income
Inception date
01/23/2023
10/16/2020
Beta
0.02
0.02
Last dividend
$0.1390
$0.2000
Ex-dividend date
07/02/2026
06/30/2026
Bottom lineChoose CLOZ if you want higher current income (6.34% vs 4.75% for JAAA). Choose JAAA if you want fixed-income ballast that steadies the portfolio when stocks fall.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
CLOZ has outpaced JAAA over the trailing twelve months, posting a 4.93% total return against 4.11%. The lead holds up over 3 years too: CLOZ has compounded at 9.56% a year, against 6.24% for JAAA. JAAA has been the steadier holding, though — annualized volatility of 1.3% against 3.7% for CLOZ. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jan 2023” measures every fund from January 24, 2023 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
CLOZ (Eldridge BBB-B CLO ETF) and JAAA (Janus Henderson AAA CLO ETF) are both monthly-pay dividend ETFs, but they take different approaches.
CLOZ offers the higher yield at 6.34% vs 4.75% for JAAA. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
JAAA is cheaper with an expense ratio of 0.21% compared to 0.51%.
JAAA is the larger fund by assets ($28.1B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose CLOZ
Eldridge BBB-B CLO ETF
Want higher current income — CLOZ yields 6.34% vs 4.75% for JAAA.
Want fixed-income ballast that cushions equity drawdowns.
Choose JAAA
Janus Henderson AAA CLO ETF
Want fixed-income ballast that cushions equity drawdowns.
Want to keep costs low — a 0.21% expense ratio vs 0.51% for CLOZ.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, CLOZ would generate roughly $52.83/month, while JAAA would produce $39.58/month, at current distribution rates. Both pay monthly distributions.
CLOZ yield6.34%
JAAA yield4.75%
Monthly diff on $10K$13.25
Cost & efficiency
Over 10 years on $10,000, CLOZ would cost approximately $510 in fees vs $210 for JAAA (simplified, not compounded). The $300.00 difference may be offset by yield or performance.
CLOZ ER0.51%
JAAA ER0.21%
Strategy & risk
CLOZ is an ETF, while JAAA tracks AAA-rated CLOs with a bonds approach.
CLOZ beta0.02
JAAA beta0.02
Fund details
CLOZ is managed by Eldridge Capital Management (launched 01/23/2023) with $683M in assets. JAAA is managed by Janus Henderson (launched 10/16/2020) with $28.1B in assets.
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Frequently asked questions
Is CLOZ or JAAA better for dividend income?
It depends on your goals. CLOZ currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between CLOZ and JAAA?
CLOZ (Eldridge BBB-B CLO ETF) is an ETF, while JAAA (Janus Henderson AAA CLO ETF) tracks AAA-rated CLOs with a bonds approach. They are issued by Eldridge Capital Management and Janus Henderson respectively.
Can I hold both CLOZ and JAAA?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, CLOZ or JAAA?
CLOZ has an expense ratio of 0.51% while JAAA charges 0.21%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in CLOZ vs JAAA generate?
At current rates, $10,000 in CLOZ would generate roughly $52.83 per month ($634.00 annually). The same in JAAA would produce about $39.58 per month ($475.00 annually).
Which has performed better historically, CLOZ or JAAA?
CLOZ has outpaced JAAA over the trailing twelve months, posting a 4.93% total return against 4.11%. The lead holds up over 3 years too: CLOZ has compounded at 9.56% a year, against 6.24% for JAAA. JAAA has been the steadier holding, though — annualized volatility of 1.3% against 3.7% for CLOZ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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