iShares AAA CLO Active ETF

Frequently Asked Questions About CLOA

What does CLOA invest in?

The iShares AAA CLO Active ETF is designed to offer investors both the preservation of capital and consistent income. It achieves this objective by primarily investing in a collection of U.S. dollar-denominated collateralized loan obligations (CLOs) that are rated AAA.

What is the expense ratio of CLOA?

iShares AAA CLO Active ETF (CLOA) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is CLOA's dividend yield?

CLOA's trailing-twelve-month yield is 4.90%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CLOA?

Effective duration measures CLOA's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CLOA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CLOA?

CLOA's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CLOA?

Yield to maturity (YTM) is the total return you'd earn from CLOA if every bond in the portfolio is held to maturity at the current price. CLOA's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.