iShares BBB-B CLO Active ETF
$49.69+0.03 (+0.07%)
- 0.45%
- $109M
- +6.2%
- 6.33%
- 0M sh
- $49.45
- low $48.42high $50.09
The ETF.net BCLO Grade
D
Score 36 out of 100
- 25 of 34
Score 36 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.D27 out of 100Rank 24 of 34Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 21 of 33Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D26 out of 100Rank 31 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B59 out of 100Rank 17 of 34Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 11 of 34
Our read on BCLO
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.
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 Holdings
- Bonds
- 70
- 32%
- Blk Csh Fnd Treasury Sl Agency
Sectors
- CLO100.0%
Geography
- United States100.00%
BCLO Performance
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$10,617
Returns run to the Oct 12, 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.
| Period | BCLO |
|---|---|
| Year to date | +4.9% |
| 1 month | +0.3% |
| 3 months | +1.9% |
| 1 year | +6.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BCLO |
|---|---|---|
| 2026 YTD | +4.9% | |
| 2025 | +5.4% |
BCLO in the news
BCLO Dividends
- 6.33%
- $3.14
- $0.23 per share
- Monthly
Distribution history
BCLO Risk
- 2.7%
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.
- 0.84
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.
- −4.5%
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.
- 0.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BCLO Cost
0.45%
BCLO0.45%
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
23 of the 34 Collateralized Loan Obligations (CLO) funds charge less.
Other funds in Collateralized Loan Obligations (CLO)
- CJBBBJanus Henderson B-BBB CLO ETFExpense ratio 0.47%1 year return +5.2%
- DCLOZEldridge BBB-B CLO ETFExpense ratio 0.50%1 year return +6.0%
- DDSCODoubleLine Securitized Credit ETFExpense ratio 0.50%1 year return —
- DEVLNEaton Vance Floating-Rate ETFExpense ratio 0.60%1 year return +4.2%
- DRAARReckoner Yield Enhanced AAA CLO Reinvesting ETFExpense ratio 0.40%1 year return —