iShares AAA CLO Active ETFiShares AAA CLO Active ETFiShares AAA CLO Active ETF

iShares AAA CLO Active ETF

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Key stats


Assets under management (AUM)
‪990.18 M‬USD
Fund flows (1Y)
‪647.18 M‬USD
Dividend yield (indicated)
5.74%
Discount/Premium to NAV
−0.05%
Shares outstanding
‪19.10 M‬
Expense ratio
0.20%

About iShares AAA CLO Active ETF


Brand
iShares
Home page
Inception date
Jan 10, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
CLOA aims for capital preservation and current income by mainly investing in collateralized loan obligations (CLOs) that are rated AAA or equivalent. CLOs are issued by trusts or special purpose entities (SPEs) that are collateralized by a pool of loans. CLOs purchased by the fund will be the senior-most tranches, consisting of floating rate bonds that rank first in priority of payments. CLOs could be of any maturity, purchased from both the primary and secondary markets. Investments with lower credit ratings (AA and A) are limited to 20%. No single security comprises over 10% of the portfolio, and fixed-rate CLOs are capped at 10%. As an actively managed fund, CLOA has full discretion to make buy, sell, and hold decisions at any time. Prior to October 10, 2024, the fund used Blackrock for branding purposes instead of iShares.

Broaden your horizons with more funds linked to CLOA via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
Investment grade
Niche
Floating rate
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Securitized
Bonds, Cash & Other100.00%
Securitized102.37%
Mutual fund0.92%
Cash−3.28%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CLOA trades at 51.82 USD today, its price hasn't changed in the past 24 hours. Track more dynamics on CLOA price chart.
CLOA net asset value is 51.85 today — it's risen 0.46% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CLOA assets under management is ‪990.18 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CLOA price has fallen by −0.08% over the last month, and its yearly performance shows a −0.06% decrease. See more dynamics on CLOA price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.25% increase in three-month performance and has increased by 6.16% in a year.
CLOA fund flows account for ‪647.18 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CLOA invests in bonds. See more details in our Analysis section.
CLOA expense ratio is 0.20%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CLOA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CLOA technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CLOA shows the sell signal. See more of CLOA technicals for a more comprehensive analysis.
Yes, CLOA pays dividends to its holders with the dividend yield of 5.74%.
CLOA trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CLOA shares are issued by BlackRock, Inc.
CLOA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 10, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.