Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Collateralized loan obligations (CLOs) are structured securities ...

CLOB invests in a diversified portfolio of debt CLOs. Ratings range from AA to BB. Overall credit quality is high, with a strong 8.0% distribution yield. It is a young fund, created late September.

“It’s a new and innovative technology that we’re using at Parsons,” Kang said about Clo3D. “Students can see their designs in real time and see the variations. You can do virtual pattern making, ...