Securitized
Markets
Education and access
The securitized market, worth $14 trillion, offers investors significant opportunities
Explore each of the U.S. Securitized Markets to learn the characteristics of each asset class
Agency MBS
Mortgage-Backed
Securities
Agency MBS
Mortgage-Backed Securities
Agency MBS are issued or guaranteed by one of three government or quasi-government agencies: Fannie Mae, Freddie Mac, and Ginnie Mae. Because of this government support, the credit risk within agency MBS is considered negligible, similar to U.S. Treasuries.
Learn moreCMBS
Commercial Mortgage-
Backed Securities
CMBS
Commercial Mortgage-Backed Securities
CMBS are collections of commercial mortgage loans issued by banks, insurers, and alternate lenders to finance purchases of commercial real estate, such as office, industrial, retail, hospitality, and multi-family. CMBS structures help link the financing needs of real estate buyers with investors' capital.
Learn moreCLO
Collateralized Loan
Obligations
CLO
Collateralized Loan Obligations
CLOs are managed portfolios of bank loans that have been securitized into new instruments of varying credit ratings. CLOs have increasingly become the link between the financing needs of smaller companies and investors seeking higher yields.
Learn moreABS
Asset-Backed
Securities
ABS
Asset-Backed Securities
ABS are built around pools of similar cash-flowing assets that include auto loans, credit card receivables, and student loans, all of which grant investors exposure to the consumer credit market.
Learn moreNon-Agency MBS
Mortgage-Backed
Securities
Non-Agency MBS
Mortgage-Backed Securities
Non-agency MBS are created by private entities and do not carry a guarantee from a government agency. Non-agency MBS are typically comprised of residential mortgages that are unable to meet the criteria to qualify as agency loans.
Meet the team behind our success in securitized markets
1st
in flows across fixed income taxable bond ETFs
(as of 6/30/24)
4th
largest active fixed income provider
(as of 6/30/24)
$32.6B
in firmwide securitized assets
(as of 3/31/23)
Explore our suite of securitized ETFs
AAA CLO ETF >
For investors looking for a fund that seeks to generate yield above money markets while maintaining high-quality benefits.
BBB CLO ETF >
For investors looking for a fund that aims to maximize yield in a floating rate strategy.
For investors seeking above-market total returns by modeling inefficiencies in borrower behavior.
For investors looking for income diversification and higher yield potential.
Benefits of having securitized assets in your portfolio
Diversify risk exposures
Manage duration & improve credit quality
Access better yield opportunities
Insights