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ETFs

Invesco AAA CLO Floating Rate Note ETF

ICLO
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 9, 2022
Expense Ratio
0.26%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$149,025
AUM
$33,208,525
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Rad CLO 5 Ltd
6.12%
n/a
Palmer Square CLO 20151 Ltd
5.51%
n/a
Elmwood CLO IX Ltd
5.06%
n/a
AGL CLO 14 Ltd
4.62%
n/a
Signal Peak CLO 1 LTD
4.62%
n/a
Aimco CLO 14 Ltd
4.60%
n/a
Regatta XX Funding Ltd
4.15%
n/a
Madison Park Funding XXXVII Ltd
4.14%
n/a
Buckhorn Park CLO Ltd
4.08%
n/a
RR 1 LLC
4.05%
Invest with ICLO

What is ICLO?

Invesco AAA CLO Floating Rate Note ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks current income and capital preservation. The Fund seeks to achieve its investment objective by investing at least 80% of its net assets in floating rate note securities issued by collateralized loan obligations (CLOs) that are rated AAA or equivalent by nationally recognized statistical rating organizations (NRSROs).

ETFs related toICLO

ETFs correlated to ICLO include CLOI, TSLR, JAAA

ICLO
Invesco Actively Managed Exchange-Traded Fund Trust - Invesco AAA CLO Floating Rate Note ETF
CLOI
VanEck ETF Trust - VanEck CLO ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
JAAA
Janus Capital Management LLC - Janus Henderson AAA CLO ETF
MINT
Pimco Exchange Traded Fund - PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
FLRT
Pacer Funds Trust - Pacer Pacific Asset Floating Rate High Income ETF
JBBB
Janus Detroit Street Trust - Janus Henderson B-BBB CLO ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
PULS
PGIM ETF Trust - PGIM Ultra Short Bond ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
VNLA
Janus Capital Management LLC - Janus Henderson Short Duration Income ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

ICLO is a US Bonds ETF. Invesco AAA CLO Floating Rate Note ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks current income and capital preservation. The Fund seeks to achieve its investment objective by investing at least 80% of its net assets in floating rate note securities issued by collateralized loan obligations (CLOs) that are rated AAA or equivalent by nationally recognized statistical rating organizations (NRSROs).

Yes, ICLO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, ICLO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ICLO is 0.0073%. This is the percent change in the value of ICLO over the most recent 1-month period. The 3-month return on ICLO is 0.025%. This is the percent change in the value of ICLO over the most recent 3-month period.

ETFs similar to ICLO include CMBS, PAAA, and CLOZ.

ETFs correlated to ICLO include CLOI, TSLR, and JAAA.

ETFs that are inversely correlated to ICLO include IBDY, FLTR, and JPLD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.