NYSE Arca · ETF
Invest in GCLO ETF from India
Indian and foreign residents can buy Guggenheim Investment Grade CLO ETF (GCLO) units directly through Paasa.
By Paasa · Updated
GCLO at a glance
- Price
- $50.31+$0.05 (0.10%)
- Expense ratio
- 0.35%
- Day range
- $50.31 – $50.31
- Assets
- $13.8M
- Domicile
- the US
- Holdings
- 64
- Launched
- 2026
- Dividends
- Distributing
Top 10 holdings
- 1KKR FINANCIAL CLO 2013-1 LTD19.6%
- 2AGL CLO 10 LTD16.9%
- 3VMC FINANCE 2026-FL6 LLC13.7%
- 4KKR CLO 28 LTD10.2%
- 5OWL ROCK CLO XV LLC6.4%
- 6OWL ROCK CLO VII LLC6.4%
- 7CARLYLE US CLO 2022-3 LTD5.6%
- 8AGL CLO 11 LTD3.7%
- 9STWD 2025-FL4 LLC2.9%
- 10ELDRIDGE CLO 2026-4 LTD2.6%
GCLO holds 64 securities in total. These 10 are 87.9% of the fund.
Where the money is invested
Countries
- United States82.4%
- Canada16.9%
- Israel0.8%
How to invest in GCLO 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 GCLO and buy
Find the fund by its ticker, GCLO, 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 GCLO from India
What GCLO holds
This actively-managed ETF seeks to provide a high level of current income while maximizing total return by investing, under normal circumstances, at least 80% of its assets in investment grade-rated collateralized loan obligations (CLOs) and in derivatives and other instruments that have economic characteristics similar to such CLOs.
Hold a dollar asset
GCLO 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 GCLO 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 GCLO from India?
Yes. Indian residents can buy Guggenheim Investment Grade CLO ETF (GCLO) 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 GCLO invest in?
Guggenheim Investment Grade CLO ETF holds 64 securities. Its largest holdings are KKR FINANCIAL CLO 2013-1 LTD (19.6%), AGL CLO 10 LTD (16.9%) and VMC FINANCE 2026-FL6 LLC (13.7%). It is a distributing fund domiciled in the US.
What is the expense ratio of GCLO?
Guggenheim Investment Grade CLO ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $13.8M.
How are GCLO dividends taxed in India?
Guggenheim Investment Grade CLO ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. 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 GCLO?
The US does not levy capital gains tax on shares for Indian residents. In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are 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 GCLO unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $50.31, and there is no minimum trade size.
What happens to my GCLO 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.