Invesco AAA CLO Floating Rate Note ETF
$25.58+0.02 (+0.08%)
- 0.19%
- $614M
- +4.8%
- 4.75%
- 133K sh
- low $25.23high $25.72
The ETF.net ICLO Grade
A
Score 71 out of 100
- 6 of 34
Score 71 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.A80 out of 100Rank 2 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.C54 out of 100Rank 15 of 33Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 4 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 21 of 34Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 5 of 34
Our read on ICLO
In short
AInvesco's play on the top slice of the CLO stack: an actively managed fund that keeps at least 80% in AAA-rated CLO floating rate notes, charges 0.19%, and pays monthly. One of the first ETFs to put this institutional corner into a ticker.
Stated mandate
The actively managed ETF seeks current income and capital preservation.
Why people hold it
Worth knowing
ICLO 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.
ICLO$10,482
Returns run to the Nov 2, 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 | ICLO |
|---|---|
| Year to date | +4.1% |
| 1 month | +0.3% |
| 3 months | +1.2% |
| 1 year | +4.8% |
| 3 years | +6.1% |
| 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 | ICLO |
|---|---|---|
| 2026 YTD | +4.1% | |
| 2025 | +5.3% | |
| 2024 | +7.1% | |
| 2023 | +9.0% | |
| 2022 | +0.4% |
ICLO in the news
ICLO Dividends
- 4.75%
- $1.21
- $0.10 per share
- Monthly
ICLO 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.
- 2.31
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.
- −3.5%
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.
- 0.02
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.
ICLO Cost
Overpaying vs CLOC, cheapest in Collateralized Loan Obligations (CLO)
$203
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
ICLO 0.19%
$3,952
CLOC 0.18% Cheapest
$3,749
Cost over time
Year by year
| Year | ICLO | CLOC | Overpaying |
|---|---|---|---|
| 10 | $347 | $328 | $19 |
| 20 | $1,351 | $1,281 | $70 |
| 30 | $3,952 | $3,749 | $203 |
Other funds in Collateralized Loan Obligations (CLO)
- AACLOTCW AAA CLO ETFExpense ratio 0.20%1 year return +5.2%
- AFAAAFIDELITY AAA CLO ETFExpense ratio 0.20%1 year return
- BAAACColumbia AAA CLO ETFExpense ratio 0.20%1 year return
- BCLOXEldridge AAA CLO ETFExpense ratio 0.20%1 year return +5.1%
- BCLOCAAM Crescent CLO ETFExpense ratio 0.18%1 year return +5.5%
