Invesco Aaa Clo Floating Rate Note ETF (ICLO)
The ETF is actively managed and focuses on investing in floating rate note securities issued by collateralized loan obligations rated AAA or equivalent, with at least 80% of its net assets allocated to this strategy. It may include CLO securities of any maturity and is considered non-diversified.
ETF Info
| ISIN | US46090A7211 |
|---|---|
| CUSIP | 46090A721 |
| Issuer | Invesco |
| Inception Date | Dec 9, 2022 |
| Category | Ultrashort Bond |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.invesco.com |
| Asset Class | Bond |
Expense Ratio
ICLO has an expense ratio of 0.26%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ICLO vs. CLOI, ICLO vs. CLOA, ICLO vs. JAAA, ICLO vs. QQQ, ICLO vs. NOBL, ICLO vs. BKLN, ICLO vs. VMFXX, ICLO vs. FXAIX, ICLO vs. USFR, ICLO vs. TLT
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Aaa Clo Floating Rate Note ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Aaa Clo Floating Rate Note ETF had a return of 6.24% year-to-date (YTD) and 8.00% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.24% | 25.45% |
| 1 month | 0.59% | 2.91% |
| 6 months | 3.37% | 14.05% |
| 1 year | 8.00% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of ICLO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.65% | 0.60% | 0.57% | 0.62% | 0.53% | 0.62% | 0.63% | 0.45% | 0.55% | 0.70% | 6.24% | ||
| 2023 | 1.41% | 0.61% | -0.38% | 0.97% | 0.41% | 0.93% | 1.05% | 0.71% | 0.60% | 0.36% | 1.11% | 0.87% | 8.98% |
| 2022 | 0.38% | 0.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ICLO is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Aaa Clo Floating Rate Note ETF (ICLO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Aaa Clo Floating Rate Note ETF provided a 7.21% dividend yield over the last twelve months, with an annual payout of $1.85 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.85 | $1.81 |
Dividend yield | 7.21% | 7.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Aaa Clo Floating Rate Note ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.12 | $0.14 | $0.15 | $0.16 | $0.16 | $0.00 | $1.41 | |
| 2023 | $0.12 | $0.02 | $0.03 | $0.16 | $0.18 | $0.17 | $0.17 | $0.18 | $0.17 | $0.18 | $0.19 | $0.25 | $1.81 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Aaa Clo Floating Rate Note ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Aaa Clo Floating Rate Note ETF was 0.83%, occurring on Mar 21, 2023. Recovery took 15 trading sessions.
The current Invesco Aaa Clo Floating Rate Note ETF drawdown is 0.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.83% | Feb 24, 2023 | 18 | Mar 21, 2023 | 15 | Apr 12, 2023 | 33 |
| -0.62% | Aug 2, 2024 | 2 | Aug 5, 2024 | 9 | Aug 16, 2024 | 11 |
| -0.35% | Aug 20, 2024 | 1 | Aug 20, 2024 | 10 | Sep 4, 2024 | 11 |
| -0.23% | Oct 16, 2023 | 1 | Oct 16, 2023 | 13 | Nov 2, 2023 | 14 |
| -0.21% | Apr 10, 2024 | 1 | Apr 10, 2024 | 2 | Apr 12, 2024 | 3 |
Volatility
Volatility Chart
The current Invesco Aaa Clo Floating Rate Note ETF volatility is 0.22%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.