iShares AAA CLO Active ETF
$51.97+0.03 (+0.05%)
History starts Jan 12, 2023.
- Expense ratio
- 0.20%
- Fund size
- $2.3B
- 1Y return
- +4.9%
- Yield · Last 12 months
- 4.81%
- Holdings
- 419
- Volume · 30D
- 0.4M sh
- NAV per share
- $51.95
- 52W range
The ETF.net CLOA Grade
Score 85 of 100 sits in the A 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.AScore 83Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 72Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 91Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 98Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 91Category rank
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
- 419
- 9%
- BLK CSH FND TREASURY SL AGENCY
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.
CLOA$10,494
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.
| Period | CLOA |
|---|---|
| Year to date | +3.5% |
| 1 month | +0.5% |
| 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 | +3.5% | |
| 2025 | +5.4% | |
| 2024 | +7.2% | |
| 2023 | +8.4% |
CLOA in the news
CLOA Dividends
- 4.81%
- $2.50
- $0.21 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.21 |
| Aug 3, 2026 | Aug 6, 2026 | $0.21 |
| Jul 1, 2026 | Jul 7, 2026 | $0.20 |
| Jun 1, 2026 | Jun 4, 2026 | $0.20 |
| May 1, 2026 | May 6, 2026 | $0.20 |
| Apr 1, 2026 | Apr 7, 2026 | $0.19 |
| Mar 2, 2026 | Mar 5, 2026 | $0.19 |
| Feb 2, 2026 | Feb 5, 2026 | $0.21 |
| Dec 19, 2025 | Dec 24, 2025 | $0.23 |
| Dec 1, 2025 | Dec 4, 2025 | $0.21 |
| Nov 3, 2025 | Nov 6, 2025 | $0.24 |
| Oct 1, 2025 | Oct 6, 2025 | $0.22 |
CLOA Risk
- 0.7%
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.
- 2.18
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.