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BCLO

GradeDNASDAQ Global Select

iShares BBB-B CLO Active ETF

Specialty Bonds · IShares · Inception 2025-01-28

$49.82+0.00 (+0.01%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Jan 30, 2025.
Intraday session: up, 24 prints from 49.82 to 49.82. Range 49.78 to 49.87. Use the arrow keys to read each point.$49.80$49.84$49.8810 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$89M
1Y return
+6.1%
Yield · Last 12 months
6.42%
Holdings
56
Volume · 30D
0M sh
NAV per share
$49.65
52W range
low $48.42high $50.22

The ETF.net BCLO Grade

D

34/ 100

Rank 28 of 34 in Collateralized Loan Obligations (CLO)⁠

Confidence Medium

Six-pillar profile for BCLO. Scores out of 100: Cost 27, Risk 37, Mission not scored, Tradability 21, Holdings 53, Durability 67. Strongest: Durability (67). Weakest: Tradability (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 27
    Category rank24/34 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 37
    Category rank24/33 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 21
    Category rank28/34 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 53
    Category rank20/34 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 67
    Category rank11/34 · top 32%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BCLO

ETF.net Research

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

  1. 01Most CLO ETFs stop at AAA. BCLO's mandate is the BBB+ to B- band, a genuinely different slice of the same corporate loan pools.
  2. 02Actively managed and concentrated in roughly 50 positions, so a manager is picking deals and tranches rather than buying a rating bucket wholesale.
  3. 03Stated goals are capital preservation and current income, and the income arrives monthly.
  4. 04Sits 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

  1. 01At 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.
  2. 02The mandate reaches down to B-, below investment grade, so this is a credit position with real default sensitivity, not an AAA cash-parking tool.
  3. 03Launched 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

As of Sep 22, 2026, 5:09 AM
Asset class
Bonds
Holdings
56
Top-10 weight
38%
Largest holding
BLK CSH FND TREASURY SL AGENCY6.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BLK CSH FND TREASURY SL AGENCY6.47%0$6M440
002—VOYA_20-2A D1RR 144A 6.53% 01/20/20384.55%0$4M1
003—OAKC_17_14AR D1R 144A 6.58% 07/21/20374.55%0$4M2
004—PLMRS_24-4A D1 144A 6.40% 01/15/20383.82%0$3M2
005—GLM_10-R DR 144A 6.83% 10/20/20373.46%0$3M2
006—APID_24-50A D1 144A 6.53% 01/20/20383.28%0$3M1
007—GLM_23-17A DR 144A 6.53% 01/20/20392.85%0$3M1
008—OAKC_21-10RA D1 144A 6.43% 07/18/20382.85%0$3M2
009—WWICK_25-7A D1 144A 6.48% 10/21/20382.84%0$3M1
010—BGCLO_24-11A D1 144A 6.83% 01/22/20382.84%0$3M1
011—GCBSL_24-7A D1 144A 7.01% 07/25/20372.54%0$2M2
012—PLMRS_23-1R D1R 144A 6.38% 01/20/20382.53%0$2M2
013—KKR_29-RR DRR 144A 6.92% 07/15/20392.29%0$2M1
014—ARES_24-75A D1 144A 6.55% 01/15/20372.28%0$2M1
015—BALLY_24-28A C1 144A 6.53% 01/20/20382.27%0$2M1

Showing 1–15 of 57 holdings

BCLO Performance

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

BCLO$10,612
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BCLO $10,612. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+4.7%
1 month+0.6%
3 months+1.7%
1 year+6.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+4.7%
2025+5.4%

History from Jan 30, 2025

BCLO in the news

ETF.net Research hasn’t filed on BCLO yet — coverage lands here as it’s written.

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 Sep 22, 2026.
6.42%Last 12 months
Payout per share
$3.20Last 12 months
Last payment
$0.27 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. 19 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. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Pays Oct 6, 2026$0.29
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
Nov 3, 2025Nov 6, 2025$0.29

BCLO Risk

How much the fund’s monthly returns vary, scaled to a year.
2.8%
Annualised · 19 months to Aug 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.
0.74
vs 3-month T-bills · 19 months to Aug 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%
19 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.

BCLO Cost

Expense ratio0.45%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

23 of the 34 Collateralized Loan Obligations (CLO) funds charge less.

BCLO costs $45.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.