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ETFs

Invesco AAA CLO Floating Rate Note ETF

ICLO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 09 2022
Expense Ratio
0.26%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$18,614
AUM
$30,460,225
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Rad CLO 5 Ltd
6.51%
n/a
Neuberger Berman CLO XV
6.40%
n/a
Cedar Funding XI Clo Ltd
6.01%
n/a
Elmwood CLO IX Ltd
5.32%
n/a
Signal Peak CLO 1 LTD
4.87%
n/a
AGL CLO 14 Ltd
4.86%
n/a
Aimco CLO 14 Ltd
4.83%
n/a
Madison Park Funding XXXVII Ltd
4.38%
n/a
Buckhorn Park CLO Ltd
4.30%
n/a
Golub Capital Partners Clo 25M Ltd
4.27%
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 MINT, VNLA, JAAA

ICLO
Invesco Actively Managed Exchange-Traded Fund Trust - Invesco AAA CLO Floating Rate Note ETF
MINT
Pimco Exchange Traded Fund - PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
VNLA
Janus Capital Management LLC - Janus Henderson Short Duration Income ETF
JAAA
Janus Capital Management LLC - Janus Henderson AAA CLO ETF
PULS
PGIM ETF Trust - PGIM Ultra Short Bond ETF
YEAR
AB Active ETFs Inc - AB Ultra Short Income ETF
GSY
Invesco Capital Management LLC - Invesco Ultra Short Duration ETF
SMMU
Pimco Exchange Traded Fund - PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
TFLO
BlackRock Institutional Trust Company N.A. - iShares Treasury Floating Rate Bond ETF
THD
BlackRock Institutional Trust Company N.A. - iShares MSCI Thailand ETF
CMBS
BlackRock Institutional Trust Company N.A. - iShares CMBS 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 -0.0034%. This is the percent change in the value of ICLO over the most recent 1-month period. The 3-month return on ICLO is 0.0169%. This is the percent change in the value of ICLO over the most recent 3-month period.

ETFs similar to ICLO include UYLD, CLOZ, and FSEC.

ETFs correlated to ICLO include MINT, VNLA, and JAAA.

ETFs that are inversely correlated to ICLO include RISR, AGZD, and DBMF.

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.