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Launched

iShares BBB-B CLO Active ETF

BCLONasdaqiSharesD

$49.23+0.01 (+0.01%)

As of Nov 10, 2026, 11:15 AM ET

D34/ 100

Rank 29 of 34 in Collateralized Loan Obligations (CLO)

D34/100Rank 29 of 34inCollateralized Loan Obligations (CLO)
Intraday session: up, 22 prints from 49.23 to 49.23. Range 49.23 to 49.27. Use the arrow keys to read each point.49.2449.2549.2649.2710 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$113M
1Y total return
+5.5%
Yield · Last 12 months
6.32%
Holdings
72
Avg volume · 30D
18K sh
52W range
low $48.42high $50.09
Launched

The ETF.net BCLO Grade

Based on 5 of 6 pillars

D

Score 34 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
29 of 34
Six-pillar profile for BCLO. Scores out of 100: Cost 24, Risk 36, Mission not scored, Tradability 27, Holdings 55, Durability 67. Strongest: Durability (67). Weakest: Cost (24). Based on 5 of 6 pillars.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 25 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 22 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 29 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B55 out of 100
    Rank 19 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 11 of 34

Our read on BCLO

ETF.net Research

In short

DThe CLO ETF aisle is stacked with AAA-only funds. BCLO goes the other way: an active book of BBB+ to B- CLO tranches, reaching for current income further down the ratings ladder, with cash paid out monthly.

Stated mandate

The Fund seeks capital preservation and current income by investing principally in collateralized loan obligations rated from BBB+ to B-.

Why people hold it

  • Most CLO ETFs stop at AAA. BCLO's mandate is the BBB+ to B- band, a genuinely different slice of the same corporate loan pools.
  • Actively managed and concentrated in roughly 50 positions, so a manager is picking deals and tranches rather than buying a rating bucket wholesale.
  • Stated goals are capital preservation and current income, and the income arrives monthly.
  • Sits inside the iShares CLO lineup alongside the AAA fund CLOA, so the mezzanine mandate extends an existing platform rather than starting from scratch.

Worth knowing

  • At 0.45% the fee runs well above the AAA CLO crowd, where CLOA, JAAA and PAAA sit near 0.20%. Credit work below AAA costs more to run.
  • The mandate reaches down to B-, below investment grade, so this is a credit position with real default sensitivity, not an AAA cash-parking tool.
  • Launched in 2025 and thinly traded, so the track record is short and bid-ask spreads can be wider than the established AAA CLO funds.

BCLO Performance

Launched Jan 29, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
BCLO$10,545
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. BCLO $10,545. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BCLO. Periods over one year show the average yearly return.
PeriodBCLO
Year to date+4.5%
1 month−0.4%
3 months+0.9%
1 year+5.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BCLO
YearReturn barBCLO
2026 YTD+4.5%
2025+5.4%

History from Jan 30, 2025

BCLO in the news

BCLO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
6.32%Last 12 months
Payout per share
$3.11Last 12 months
Last payment
$0.26 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 21 payments from 2025 to 2026 YTD. Mar 3, 2025 $0.32; Apr 1, 2025 $0.31; May 1, 2025 $0.30; Jun 2, 2025 $0.30; Jul 1, 2025 $0.27; Aug 1, 2025 $0.30; Sep 2, 2025 $0.28; Oct 1, 2025 $0.29; Nov 3, 2025 $0.29; Dec 1, 2025 $0.27; Dec 19, 2025 $0.28; Feb 2, 2026 $0.27; Mar 2, 2026 $0.24; Apr 1, 2026 $0.27; May 1, 2026 $0.26; Jun 1, 2026 $0.26; Jul 1, 2026 $0.25; Aug 3, 2026 $0.26; Sep 1, 2026 $0.27; Oct 1, 2026 $0.23; Nov 2, 2026 $0.26. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 5, 2026$0.26
Oct 1, 2026Oct 6, 2026$0.23
Sep 1, 2026Sep 4, 2026$0.27
Aug 3, 2026Aug 6, 2026$0.26
Jul 1, 2026Jul 7, 2026$0.25
Jun 1, 2026Jun 4, 2026$0.26
May 1, 2026May 6, 2026$0.26
Apr 1, 2026Apr 7, 2026$0.27
Mar 2, 2026Mar 5, 2026$0.24
Feb 2, 2026Feb 5, 2026$0.27
Dec 19, 2025Dec 24, 2025$0.28
Dec 1, 2025Dec 4, 2025$0.27

See all 21 payments⁠

$10,000 in BCLO 1 year ago paid $625 in dividends.⁠

BCLO Risk

Risk pillarD36 out of 100Rank 22 of 33 in Collateralized Loan Obligations (CLO)
How much the fund’s monthly returns vary, scaled to a year.
2.7%
Annualised · 21 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.63
vs 3-month T-bills · 21 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−4.5%
21 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.16
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BCLO Cost

Compare BCLO and CLOC

Overpaying vs CLOC, cheapest in Collateralized Loan Obligations (CLO)

$5,292

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BCLO 0.45%

    $9,041

  • CLOC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • BCLO 0.45%
  • CLOC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530BCLO $9,041CLOC $3,749

Year by year

YearBCLOCLOCOverpaying
10$812$328$484
20$3,128$1,281$1,847
30$9,041$3,749$5,292

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