About this ETF
PCMM is an actively managed ETF that focuses on private credit collateralized loan obligations (CLOs). It primarily invests in loans to private companies, which may be U.S. or non-U.S. senior secured or subordinated corporate loans. Typically, the focus is on small to medium-sized private entities. Up to 20% can be allocated to broadly syndicated loans, high yield bonds, and other investments, but no more than 10% can be invested in a single CLO. While emphasizing investment-grade securities, the fund permits up to 25% in high-yield instruments and similarly allows up to 25% in non-U.S. dollar assets. Through active trading, PCMM aims to harness market opportunities, particularly during volatile times. The portfolio manager employs a comprehensive approach, combining top-down economic analysis with bottom-up research and quantitative modeling, and evaluates factors like expected returns, yield, and risk for dynamic trading decisions.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +0.32% | +0.40% | +0.99% | -0.20% | -0.56% | — | — | — | -0.31% |
| Total return | +0.75% | +1.40% | +3.65% | +3.93% | +5.26% | — | — | — | +5.69% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.68% | Annual cost of a $10,000 investment | $68.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 24, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 99 holdings stored, 25 shown.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | CASHUSD | USD | 4.88% | 12.98M | $13.0M |
| 2 | ANTR 2023-1A BR V/R 07/25/37 | — | 3.75% | 10.00M | $10.0M |
| 3 | WDMNT 2022-9A A1 V/R 10/25/36 | — | 3.24% | 8.60M | $8.6M |
| 4 | MFCLO 1A CR V/R 10/23/37 | — | 2.44% | 6.50M | $6.5M |
| 5 | DPATH 2023-1A A1 V/R 04/15/37 | — | 2.26% | 6.00M | $6.0M |
| 6 | ANTR 2019-2A A1R V/R 07/23/38 | — | 2.26% | 6.00M | $6.0M |
| 7 | MCMML 2022-2A CR V/R 10/24/34 | — | 2.25% | 6.00M | $6.0M |
| 8 | LSHR 2021-1A AR V/R 01/15/37 | — | 1.92% | 5.10M | $5.1M |
| 9 | ABPCI 2019-6A A1 V/R 01/27/37 | — | 1.90% | 5.00M | $5.0M |
| 10 | CERB 2025-4A A V/R 01/15/38 | — | 1.88% | 5.00M | $5.0M |
| 11 | ANTR 2024-6A A2 V/R 01/20/37 | — | 1.88% | 5.00M | $5.0M |
| 12 | BCMM 2023-2A A1R V/R 10/21/35 | — | 1.88% | 5.00M | $5.0M |
| 13 | SPCSL 2025-1A A2 V/R 04/20/38 | — | 1.87% | 5.00M | $5.0M |
| 14 | COVST 2025-3A A1 V/R 01/15/38 | — | 1.87% | 5.00M | $5.0M |
| 15 | CHMML 2022-1A AR V/R 04/20/38 | — | 1.87% | 5.00M | $5.0M |
| 16 | GOCAP 2020-47A D V/R 11/05/39 | — | 1.87% | 5.00M | $5.0M |
| 17 | WDMNT 2022-10A C V/R 04/15/38 | — | 1.87% | 5.00M | $5.0M |
| 18 | IVYH 20A A1R V/R 07/19/37 | — | 1.69% | 4.50M | $4.5M |
| 19 | JCPDL 2025-1A A1 V/R 10/15/37 | — | 1.68% | 4.50M | $4.5M |
| 20 | GOCAP 2023-65A D V/R 04/20/37 | — | 1.60% | 4.25M | $4.3M |
| 21 | BXSL 2024-1A B V/R 10/20/36 | — | 1.59% | 4.25M | $4.2M |
| 22 | IVYH 2026-25A A1 V/R 10/20/39 | — | 1.52% | 4.00M | $4.0M |
| 23 | GOCAP 2019-45A A V/R 07/20/37 | — | 1.50% | 4.00M | $4.0M |
| 24 | OR 2022-7A AR V/R 04/20/38 | — | 1.50% | 4.00M | $4.0M |
| 25 | JCPDL 2023-1A DR V/R 07/20/37 | — | 1.49% | 4.00M | $4.0M |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 6.09% | Paid (last 12 months) | $3.0449 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.2076 (Oct 06, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 06, 2026 | $0.2076 |
| Sep 01, 2026 | Sep 01, 2026 | Sep 04, 2026 | $0.2381 |
| Aug 03, 2026 | Aug 03, 2026 | Aug 06, 2026 | $0.2559 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 07, 2026 | $0.2555 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 04, 2026 | $0.2631 |
| May 01, 2026 | May 01, 2026 | May 06, 2026 | $0.2791 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 07, 2026 | $0.2279 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 05, 2026 | $0.2317 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 05, 2026 | $0.2648 |
| Dec 30, 2025 | Dec 30, 2025 | Jan 05, 2026 | $0.2769 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 04, 2025 | $0.2550 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 06, 2025 | $0.2892 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 3.05% / — | Sharpe 1Y / 3Y | 0.363 / — |
| Max drawdown 1Y / 3Y | -2.15% / — | Sortino 1Y | 0.526 |
| Beta vs S&P 500 (3Y) | 0.072 | Correlation vs S&P 500 (1Y) | 0.038 |
| Downside deviation 1Y | 2.11% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 26, 2026. Formulas →
Liquidity
| Volume today | 44.99K | Average volume | 44.71K |
| AUM | $265.9M | Premium/Discount | +0.44% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | $2.9M | +1.11% | $262.7M → $265.9M |
| 1 Month | $47.5M | +21.80% | $218.1M → $265.9M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for PCMM
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.
PCMM