Year-to-date US CLO performance tops global fixed income products – Janus Henderson
US CLO triple Bs have outperformed all other fixed income sectors in the year-to-date and will likely continue to perform well in a higher interest rate landscape, according to new research from Janus Henderson

CLO secondary dynamics – July 2026
Trading activity cools while credit fundamentals remain constructive

Fund performance – July 2026
Smaller gains in May moderate strong April performance

CLO secondary dynamics – June 2026
Risk appetite softens after April surge while trading efficiency remains high

Fund performance – June 2026
Emerging markets hit top spot and CLO funds rebound after blip

CLO secondary dynamics – May 2026
Calm April likely to be followed by constructive markets in late spring

Fund performance – May 2026
Volatility hurts as most funds record negative returns

CLO secondary dynamics – April 2026
US CLO market softens as spreads widen and trading conditions moderate

Fund performance – April 2026
CLO funds struggle with worst performance in more than three years

CLO secondary dynamics – March 2026
CLO activity stabilises in February as trading and dealer flows level off

Fund performance – March 2026
Mixed month for CLO funds mars credit’s positive start to 2026

How to evaluate CLO managers
Portfolio manager incentives and MVOC volatility are crucial factors for CLO equity investors, says Dagmara Michalczuk

CLO secondary dynamics – January 2026
January trading activity suggested a market that is stabilising rather than accelerating, with consistent liquidity, tighter spreads, and improving sentiment across the capital structure

Fund performance – December 2025
All categories end 2025 positively as Pictet Alt takes 12-month crown

Private credit CLOs scaled new heights in 2025
CHART: Mid-market CLOs enjoyed their biggest issuance year ever, powered by a high number of pricings and underpinned by an especially prolific opening quarter

CLO equity has an 11-year track record of consistent mid-to-high teen returns
Distributions by MM CLOs are based on underlying loan performance, not market sentiment

CLO secondary dynamics – November 2025
The CLO market in November 2025 exhibited steady but shifting activity across trading and spreads, reflecting a market that remained active despite seasonal slowdowns and mixed sentiment

Fund performance – October 2025
Corporate distressed rises again but outliers drag down CLOs

CLO credit quality improving – Fitch
CLO performance remained stable in November, with few changes made to Fitch’s ratings

Fund performance – September 2025
CLO funds struggle while other categories stay positive

Fund performance – August 2025
Arena takes turn in the lead as mix of funds make top 10

Hot August sets tone for rest of 2025
Some European CLO managers still get time off in summer, but the days when the whole market shut down are long gone. So, in a busy year for CLOs, this August was the second busiest ever

Fund performance – July 2025
CLO funds dominate in early summer with clean sweep of top 10

Fund performance – June 2025
Emerging markets lead as CLOs and credit multi- strategy returns dip

Opportunity in CLO double B tranches
Given their low default rates, double B CLO tranches offer much higher coupons than might be expected — suggesting they offer some of the best risk/return trade-offs in all of fixed income