ICLO ETF Analysis: Aaa Clo Floating Rate Note | BATS

Securitized Bond - Focused | BATS, USA | Market Cap: 582m USD | 12M Return: 4.9% | US46090A7211 | Charts, Fundamentals & Technical Analysis

AAA CLO Notes, Floating Rate Securities, Collateralized Debt, Securitized Bonds
Total Rating 54
Safety 70
Buy Signal -0.01
Securitized Bond - Focused
Category Rotation: +9.8
TER: 0.27%
AUM: 582M
Avg Turnover: 3.11M
Risk 3d forecast
Volatility1.32%
VaR 5th Pctl0.22%
VaR vs Median-4.78%
Reward TTM
Sharpe Ratio0.55
Rel. Str. IBD42.8
Rel. Str. Peer Group56.3
Character TTM
Beta0.019
Beta Downside-0.017
Hurst Exponent0.277
Drawdowns 3y
Max DD3.46%
CAGR/Max DD1.79
CAGR/Mean DD112.36

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Seasonality 3.5 years of data

Jan -0.0% 12
Feb -0.1% 42
Mar -0.3% 40
Apr -0.0% 11
May -0.0% 12
Jun +0.0% 11
Jul +0.0% 26
Aug -0.0% 0
Sep -0.1% 31
Oct +0.0% 0
Nov -0.1% 37
Dec -0.1% 13

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: ICLO Aaa Clo Floating Rate Note

The Invesco AAA CLO Floating Rate Note ETF (ICLO) is an actively managed ETF that invests at least 80% of its net assets in floating rate notes issued by collateralized loan obligations (CLOs) rated AAA by a nationally recognized statistical rating organization at the time of purchase. The fund may invest in CLO securities of any maturity.

CLOs are structured credit vehicles that pool together underlying loans-typically leveraged loans to corporate borrowers-and issue tranched securities with varying risk and return profiles. The AAA tranche represents the most senior level of the CLO capital structure, carrying the lowest credit risk within the deal and offering yields above comparable-rated corporate bonds as compensation for the structural complexity of CLOs.

Because the underlying notes are floating rate, their interest payments adjust periodically with benchmark rates such as SOFR, which generally limits interest rate risk but exposes investors to credit risk tied to the performance of the loan pool backing each CLO.

Headlines to Watch Out For
  • Fed rate cuts compress floating rate CLO income yields
  • AAA CLO ETF rivalry intensifies as JAAA dominates AUM
  • CLO credit spreads tighten on robust demand for floating rate paper
What is the price of ICLO shares?

As of September 27, 2026, the stock is trading at USD 25.58 with a total of 87,564 shares traded. Over the past week, the price has changed by +0.09%, over one month by +0.41%, over three months by +1.19% and over the past year by +4.93%.

Current recommended Stop Loss: 25.50 (which is 0.3% or 2.7 ATR below the current price).

Is ICLO a buy, sell or hold?

Aaa Clo Floating Rate Note has no consensus analysts rating.