Invesco AAA CLO Floating Rate Note ETFICLO
ICLO
0
Funds holding %
of 6,790 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
15% more funds holding
Funds holding: 27 [Q2] → 31 (+4) [Q3]
8% more capital invested
Capital invested by funds: $70.8M [Q2] → $76.3M (+$5.55M) [Q3]
3.91% less ownership
Funds ownership: 51.53% [Q2] → 47.63% (-3.91%) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
100% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 0 (-3) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for ICLO.
Financial journalist opinion
Positive
Seeking Alpha
2 months ago
ICLO: Not A Fund I'd Consider With Rates Dropping
Floating rate notes excelled during the Fed's rate hike cycle, but their appeal may wane as we enter a rate-cutting phase. The Invesco AAA CLO Floating Rate Note ETF focuses on top-quality AAA-rated collateralized loan obligations, offering higher credit quality and protection against defaults. ICLO's narrow focus on AAA-rated CLOs might lead to lower returns compared to funds with riskier assets, especially in a tight credit spread environment.
Positive
ETF Trends
2 months ago
CLO ETFs in Focus: Virtus, Blondbloxx, Nuveen Plot Entrance
Several firms are planning to launch collateralized loan obligation (CLO) ETFs, enhancing options for investors. CLOs have provided attractive risk-adjusted returns over the past decade, especially when compared to other fixed income investments.
Positive
Seeking Alpha
4 months ago
Is CLO Outperformance Set To Continue?
CLO ETF performance has been outstanding these past few years. Most have seen below-average drawdowns, significant dividend growth, and massive outperformance with above-average yields. Yields range from 6.4% to 8.9%, and that is without leverage or excessive credit risk.
Positive
Seeking Alpha
5 months ago
ICLO: AAA-Rated CLO ETF, Good 6.7% SEC Yield, Strong Performance
ICLO focuses on AAA-rated CLOs, high-quality, variable rate investments. I'm bullish on ICLO due to its 6.7% SEC yield, stable share price, and strong performance track record. It seems like a particularly compelling opportunity for more risk-averse, short-term investors.
Positive
Seeking Alpha
5 months ago
ICLO: Invests In AA-AAA Rated CLOs
Invesco AAA CLO Floating Rate Note ETF primarily invests in floating rate note securities issued by collateralized loan obligations rated AAA or AA. The ETF has $124 million in assets under management and a trailing twelve-month yield of 7.7%. After reviewing the ICLO ETF, I compare its performance against two other CLO ETFs that invest lower on the ratings scale with better results.
Positive
Seeking Alpha
6 months ago
ICLO: Invesco's AAA CLO Fund, 6.7% Yield
This article analyzes the Invesco AAA CLO Floating Rate Note ETF, focusing on its composition, performance, risks, and suitability for investors. ICLO invests in AAA (and a small portion in AA) CLO tranches, offering a 6.7% 30-day SEC yield. The fund has performed in line with similar AAA CLO ETFs since 2023.
Neutral
Zacks Investment Research
10 months ago
Fed Rate Cut Bets Ease: 5 ETF Areas at a 52-Week High
The bets over imminent Fed rate cuts weakened on central banks' cues. These ETFs that offer protection against rising rates are at a 52-week high currently.
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