Despite the potential for Fed rate cuts, which could lower dividends for most CLO ETFs, the author remains bullish on these funds for three reasons: their strong current yields, their expected strong yields for the next two years as per Fed guidance, and their low risk profile with little credit or interest rate risk. The author also provides a brief overview of CLOs and explains the three CLO ETF types: AAA-rated (JAAA), BBB-rated (JBBB), and BBB and BB-rated (CLOZ).