NYSE Arca · ETF
Invest in CLOO ETF from India
Indian and foreign residents can buy NYLI Investment Grade CLO ETF (CLOO) units directly through Paasa.
By Paasa · Updated
CLOO at a glance
- Price
- $25.22+$0.02 (0.06%)
- Expense ratio
- 0.25%
- Day range
- $25.21 – $25.22
- Assets
- $41.4M
- Domicile
- the US
- Holdings
- 95
- Launched
- 2026
- Dividends
- Distributing
Top 10 holdings
- 1DREY INST PREF GOV MM INS2.2%
- 2ELM28 2024-4A AR FRN 4/17/20371.6%
- 3BCC 2024-2A A1R FRN 7/15/20391.6%
- 4KKR 2026-63A A1 FRN 4/20/20391.6%
- 5PIPK 2023-15A AR FRN 10/20/20381.6%
- 6HLM 2024-19A A1R FRN 4/15/20371.6%
- 7BSP 2015-6BR A1R FRN 4/20/20381.6%
- 8APID 2025-55A A1 FRN 1/20/20391.6%
- 9SIXST 2023-22A AR FRN 4/21/20381.6%
- 10AIMCO 2026-27A A1 FRN 4/20/20391.6%
CLOO holds 95 securities in total. These 10 are 16.3% of the fund.
Where the money is invested
Countries
- United States97.8%
- Other2.2%
How to invest in CLOO from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search CLOO and buy
Find the fund by its ticker, CLOO, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in CLOO from India
What CLOO holds
CLOO is an actively managed exchange-traded fund that primarily allocates its capital to top-tier collateralized loan obligations (CLOs). This fund aims to safeguard investors' principal while generating a consistent income stream, accomplished by offering diversified access to the most secure segments of CLOs.
Hold a dollar asset
CLOO is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one CLOO unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy CLOO from India?
Yes. Indian residents can buy NYLI Investment Grade CLO ETF (CLOO) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does CLOO invest in?
NYLI Investment Grade CLO ETF holds 95 securities. Its largest holdings are DREY INST PREF GOV MM INS (2.2%), ELM28 2024-4A AR FRN 4/17/2037 (1.6%) and BCC 2024-2A A1R FRN 7/15/2039 (1.6%). It is a distributing fund domiciled in the US.
What is the expense ratio of CLOO?
NYLI Investment Grade CLO ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $41.4M.
How are CLOO dividends taxed in India?
NYLI Investment Grade CLO ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell CLOO?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one CLOO unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.22, and there is no minimum trade size.
What happens to my CLOO units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.