ICLOInvesco AAA CLO Floating Rate Note ETF

Get income3y track recordRanked #341 of 1,622 in this goal

Seeks current income and capital preservation.

By Invesco · Launched 2022

Annual Cost

0.19%

#957 of 5,562 · low cost

Fund Size

$466M

#1,615 of 5,562 · large

Dividend YieldGoal

5.12%

Track Record

3 years

#2,878 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,548+5.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Strategy

Active selection

Focus

CLO

What it actually holds

By weight

Concentration

Top 10 holdings = 18.3% of fund✓ well diversified

Signal Peak CLO 11 Ltd.

2.6%

Blackrock MT. Lassen Clo XV, LLC

2.0%

Park Blue CLO 2025-VII Ltd.

1.9%

OHA Credit Partners VII, Ltd.

1.9%

OCP CLO Ltd.

1.8%

Park Blue CLO 2022-1 Ltd.

1.7%

GoldenTree Loan Management US CLO 9, Ltd.

1.7%

Cedar Funding IX CLO Ltd.

1.6%

Elmwood CLO III Ltd.

1.6%

Neuberger Berman Loan Advisers Clo 40 Ltd.

1.6%

Asset allocation

Bonds

100.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.4%Low

Year-on-year price swings

Max drawdown

-3.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.15Strong risk-adjusted returns

Sortino (3Y)

1.53Good downside protection

Bond profile

Duration

4.8 years

Avg maturity

10.2 years

Credit ratings

AAA

83.5%

14.7%

Other

1.8%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks current income and capital preservation.
Strategy: Actively managed ETF investing primarily in floating rate note securities issued by AAA-rated CLOs, targeting at least 80% of net assets. May include domestic and foreign senior secured loans, senior unsecured loans, and subordinate corporate loans. Purchases can occur in primary and secondary markets, including unrated CLO securities assessed for credit quality by the Sub-Adviser. Up to 15% of net assets may be in below AAA-rated CLOs with a minimum rating of AA at the time of purchase.
Inception date: December 9, 2022
Fund family: Invesco