CLOs delivered positive performance in April, supported by tighter spreads, recovering secondary prices, and continued carry. While issuance softened amid macro uncertainty, stable Fed policy, elevated yields, low defaults, and resilient loan performance helped support returns and income. Constructive technicals and higher-quality collateral continue to reinforce the relative attractiveness of CLOs for institutional investors.

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For Institutional Investor use only. Past performance is not indicative of future results. All data as of month-end unless otherwise noted. This information is presented for informational purposes only. This is not to be construed as an offer to buy or sell any financial instruments and should not be relied upon as the sole investment making decision. CLO, Bank loan, corporate securities, and high yield bonds involve risk of default on interest and principal payments or price changes due to changes in credit quality of the borrower, among other risks. All material is compiled from sources believed to be reliable, but accuracy cannot be guaranteed. The opinions expressed herein are based on current market conditions and are subject to change without notice.