iShares AAA CLO Active ETF
$51.83+0.02 (+0.04%)
- 0.20%
- $2.7B
- +4.9%
- 4.79%
- 0.6M sh
- $51.81
- low $51.53high $52.05
The ETF.net CLOA Grade
A
Score 83 out of 100
- 2 of 34
Score 83 of 100 falls in the A 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.A83 out of 100Rank 1 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.B67 out of 100Rank 11 of 33Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A90 out of 100Rank 3 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A98 out of 100Rank 1 of 34Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A91 out of 100Rank 2 of 34
Our read on CLOA
ABlackRock's play in AAA CLOs: active credit picking measured against J.P. Morgan's CLOIE AAA index, 0.20% a year, spread over roughly 400 positions. A billion-dollar-plus book built since its 2023 launch.
The fund seeks exposure to U.S. dollar-denominated AAA-rated collateralized loan obligations, using active credit selection to pursue income and capital preservation with potentially low volatility.
Why people hold it
- Charges 0.20% a year, below the 0.25% typical for CLO funds and level with what most of the category's biggest names (JAAA, FAAA, ACLO) charge.
- Roughly 400 separate CLO positions, one of the deepest books in its peer group, so no single deal carries the fund.
- Actively run: the team selects deals and CLO managers instead of buying whatever a benchmark holds. The CLOIE AAA index is the yardstick, not the rulebook.
- Income arrives monthly, and it sits among the easier funds in its cohort to get in and out of.
Worth knowing
- Active means manager-dependent. There is no index to fall back on, so outcomes hinge on which deals the desk picks.
- The mandate pursues income and capital preservation with potentially low volatility. That is the aim, not a floor; CLO prices still move.
- Trading since January 2023, so its record is short next to long-running bond funds and covers a narrow slice of credit history.
CLOA Holdings
- Bonds
- 449
- 9%
- BGCLO_24-19AAA A1R3 144A 4.98% 07/17/2037
Sectors
- CLO100.0%
Geography
- United States100.00%
CLOA 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.
CLOA$10,490
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 | CLOA |
|---|---|
| Year to date | +3.7% |
| 1 month | +0.3% |
| 3 months | +1.2% |
| 1 year | +4.9% |
| 3 years | +6.2% |
| 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 | CLOA |
|---|---|---|
| 2026 YTD | +3.7% | |
| 2025 | +5.4% | |
| 2024 | +7.2% | |
| 2023 | +8.4% |
CLOA in the news
CLOA Dividends
- 4.79%
- $2.48
- $0.20 per share
- Monthly
Distribution history
CLOA Risk
- 0.8%
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.
- 2.04
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.
- −1.4%
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.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CLOA Cost
0.20%
CLOA0.20%
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
6 of the 34 Collateralized Loan Obligations (CLO) funds charge less.
Other funds in Collateralized Loan Obligations (CLO)
- AJAAAJanus Henderson AAA CLO ETFExpense ratio 0.20%1 year return +5.0%
- APAAAPGIM AAA CLO ETFExpense ratio 0.19%1 year return +4.9%
- AACLOTCW AAA CLO ETFExpense ratio 0.20%1 year return +5.2%
- AFAAAFIDELITY AAA CLO ETFExpense ratio 0.20%1 year return —
- AICLOInvesco AAA CLO Floating Rate Note ETFExpense ratio 0.19%1 year return +4.9%