ICLO
Invesco AAA CLO Floating Rate Note ETF
📎 Investment Objective
The Invesco AAA CLO Floating Rate Note ETF (ICLO) seeks to provide investment results that correspond generally to the performance of the Bloomberg AAA CLO Floating Rate Note Index.
Overview
ETF tracking Invesco AAA CLO Floating Rate Note ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco AAA CLO Floating Rate Note ETF (ICLO) seeks to provide investment results that correspond generally to the performance of the Bloomberg AAA CLO Floating Rate Note Index.
🎯 Investment Strategy
The ETF invests primarily in a portfolio of AAA-rated collateralized loan obligation (CLO) floating rate notes. The fund seeks to replicate the performance of the underlying index by holding the same securities in similar proportions.
✨ Key Features
- Exposure to the AAA-rated segment of the CLO market
- Floating rate structure aims to provide protection against rising interest rates
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Credit risk: Exposure to the creditworthiness of the underlying CLO issuers
- Interest rate risk: Sensitivity to changes in interest rates
- Liquidity risk: Potential difficulty in buying or selling shares due to low trading volume
- Concentration risk: Significant exposure to the CLO market
👤 Best For
This ETF may be suitable for investors seeking exposure to the AAA-rated segment of the CLO market as part of a diversified fixed income allocation. Investors should have a higher risk tolerance and understand the unique characteristics and risks of the CLO market.