BlackRock AAA CLO ETF
CLOA
Market cap $508M

51.84 USD

-0.01

0.02%

At close Oct 17, 4:00 PM EDT

1 day

-0.02%

5 days

0.00%

1 month

-0.06%

3 months

0.02%

6 months

0.27%

Year to date

1.11%

1 year

1.35%

5 years

3.29%

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,375% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 4

1,100% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 1

434% more capital invested

Capital invested by funds: $35.1M [Q1] → $187M (+$152M) [Q2]

289% more funds holding

Funds holding: 19 [Q1] → 74 (+55) [Q2]

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

32.51% more ownership

Funds ownership: 30.82% [Q1] → 63.33% (+32.51%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for CLOA.

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Financial journalist opinion

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.

CLO ETFs in Focus: Virtus, Blondbloxx, Nuveen Plot Entrance

CLOA: Viable Alternative To JAAA

The BlackRock AAA CLO ETF invests in AAA-rated CLO securities, providing safety and attractive yields. The CLOA is almost identical to JAAA in terms of performance. However, its smaller size means the fund is less liquid. With the economy slowing, I believe investors should high-grade their portfolios with the CLOA or JAAA ETFs.

CLOA: Viable Alternative To JAAA

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.

Is CLO Outperformance Set To Continue?

3 Bank Funds To Buy For Your Retirement Income

The financial sector is still out of favor due to rate shock, income is pouring into the willings' coffers. You can invest in banks, bank-like institutions, or both. Don't neglect this sector. Lower risk, higher yields, a retiree's dream.

3 Bank Funds To Buy For Your Retirement Income

CLOA: A Question Of Fixed Vs. Floating

CLOs offer higher yield and lower volatility than traditional fixed-rate bonds, particularly in rising rate environments. BlackRock AAA CLO ETF consists of high-quality AAA-rated CLOs managed by experienced credit professionals with active exposure. CLOA provides strong yield and diversification, but investors should be aware of potential credit risks and liquidity issues.

CLOA: A Question Of Fixed Vs. Floating

CLOA: AAA-Rated CLO ETF, Good 6.1% Yield, Strong Performance

CLOA focuses on AAA-rated CLO tranches, which have extremely low credit and rate risk. It sports an above-average 6.3% yield and has outperformed since inception. It is also very similar to other AAA-rated CLO ETFs in the market, including JAAA.

CLOA: AAA-Rated CLO ETF, Good 6.1% Yield, Strong Performance

CLOA: The Forgotten AAA CLO Fund From BlackRock

Launched in 2023, the BlackRock AAA CLO ETF has seen slow investor adoption compared to its competitor JAAA. Both offer similar 1-year total returns (~9.8%) and low volatility due to their AAA CLO holdings. The fund has an attractive 6.54% yield with low credit risk and volatility. CLOA has lower fees (20 bps) when compared to JAAA (22 bps).

CLOA: The Forgotten AAA CLO Fund From BlackRock

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