Invesco AAA CLO Floating Rate Note ETF
$25.57−0.01 (−0.02%)
History starts Dec 9, 2022.
- Expense ratio
- 0.19%
- Fund size
- $581M
- 1Y return
- +5.0%
- Yield · Last 12 months
- 4.83%
- Holdings
- 159
- Volume · 30D
- 0.1M sh
- NAV per share
- $25.56
- 52W range
The ETF.net ICLO Grade
Score 70 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.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 80Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 84Category rank
Our read on ICLO
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.
The actively managed ETF seeks current income and capital preservation.
Why people hold it
- At 0.19% a year it undercuts the 0.25% median for CLO funds and sits at the low end of the AAA CLO field, level with PAAA and a hair under JAAA, CLOA, FAAA and ACLO at 0.20%.
- Coupons on CLO floating rate notes reset with short-term rates, so interest-rate sensitivity is minimal by design. This is a credit sleeve, not a duration bet.invesco.com
- Actively run, not index-shadowing: Invesco's team picks roughly 150 CLO tranches rather than taking whatever a benchmark prints, and income is paid out monthly.invesco.com
- Listed in 2022, it was among the first AAA CLO ETFs to reach retail brokerage accounts, giving it a longer live record than most of the peer group.invesco.com
Worth knowing
- AAA here means top of the CLO capital stack, not Treasury-grade. The collateral underneath is leveraged corporate loans, and senior tranches can still move in a credit squeeze.invesco.com
- Floating rate cuts both ways. Coupons reset upward when short-term rates rise, and the income the fund passes through shrinks when they fall.invesco.com
- It is not the most heavily traded name in the AAA CLO group, so bid-ask spreads can run wider than at the category's largest funds. Limit orders matter more here.
ICLO Holdings
- Other
- 159
- 23%
- Elmwood CLO 29 Ltd 4.93% 04/20/2037
ICLO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ICLO$10,499
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 | ICLO |
|---|---|
| Year to date | +3.6% |
| 1 month | +0.5% |
| 3 months | +1.2% |
| 1 year | +5.0% |
| 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 | ICLO |
|---|---|---|
| 2026 YTD | +3.6% | |
| 2025 | +5.3% | |
| 2024 | +7.1% | |
| 2023 | +9.0% | |
| 2022 | +0.4% |
ICLO in the news
ICLO Dividends
- 4.83%
- $1.24
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.10 |
| Aug 24, 2026 | Aug 28, 2026 | $0.09 |
| Jul 20, 2026 | Jul 24, 2026 | $0.10 |
| Jun 22, 2026 | Jun 26, 2026 | $0.10 |
| May 18, 2026 | May 22, 2026 | $0.09 |
| Apr 20, 2026 | Apr 24, 2026 | $0.09 |
| Mar 23, 2026 | Mar 27, 2026 | $0.10 |
| Feb 23, 2026 | Feb 27, 2026 | $0.10 |
| Jan 20, 2026 | Jan 23, 2026 | $0.10 |
| Dec 22, 2025 | Dec 26, 2025 | $0.10 |
| Nov 24, 2025 | Nov 28, 2025 | $0.13 |
| Oct 20, 2025 | Oct 24, 2025 | $0.12 |
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.
- 2.35
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.
ICLO Cost
0.19%
ICLO0.19%
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
No Collateralized Loan Obligations (CLO) fund charges less.