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Invesco USD AAA CLO UCITS ETF GBP Hdg Dist

Invesco · IE000DZN13O8

Invesco USD AAA CLO UCITS ETF GBP Hdg Dist is an exchange-traded fund (ETF) from Invesco, traded under the ticker ICLG (ISIN IE000DZN13O8). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about lending to governments and companies in return for regular interest,…

· Tracks the J.P. Morgan CLOIE AAA Index index ?

Bond ?Distributing ?Physical ?Ireland ?

Low yearly feePays cash dividendsOwns the shares directlyOther

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Invesco funds Domiciled in Ireland Distributing Physically replicated Other bonds Yearly fee under 0.25%

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Fund size (AUM) ?

€718.3M

Risk level (SRI) ?

2 / 7 · Low

Yearly fee (TER) ?

0.25%

All-in cost ≈ 0.58%

About this fund

What you own

The J.P. Morgan CLOIE AAA Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 122 companies across Other in a single purchase.

Dividends

The fund pays dividends out to you as cash, usually a few times a year.

You get the dividends as cash you can spend or move elsewhere, which some people like for a sense of income. If you would rather it compounded, you buy more units yourself — it will not reinvest on its own the way an accumulating version does. The same fund is often sold in both versions; what it holds underneath is identical.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.25%Yearly fee (TER)

0.58%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

J.P. Morgan CLOIE AAA Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

May 2025

Recommended holding period

3 years

Bond details

Inflation-linked ?

No — nominal (fixed) payouts

What's inside

The 10 biggest holdings make up 28.5% of the fund — the rest is spread across roughly 106 more companies.

Top 10 holdings

#	Company	Weight
1	OCP CLO 2020-20 Ltd FRN 18/04/37	3.3%
2	Ares Direct Lending CLO 8 LLC FRN 20/01/39	3.1%
3	Symphony Clo 47 Ltd FRN 20/04/38	3.1%
4	Captree Park CLO Ltd FRN 20/07/37	3.1%
5	Pikes Peak Clo 16 Ltd FRN 25/07/39	3.1%
6	OWL Rock CLO XXV LLC FRN 22/07/36	2.9%
8	Benefit Street Partners CLO 48 Ltd FRN 20/04/38	2.5%
9	Ballyrock CLO 17 Ltd FRN 20/10/38	2.5%
10	AGL CLO 23 Ltd FRN 20/04/38	2.5%
12	AIMCO CLO 16 Ltd FRN 17/07/39	2.4%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
LSE	ICLG	GBP	★ Primary
GBP listings
EO	ICLGGBX	GBP
EU	ICLGGBX	GBP
X1	ICLGGBX	GBP
X2	ICLGGBX	GBP
XA	ICLGGBX	GBP
XF	ICLGGBX	GBP
XG	ICLGGBX	GBP
XH	ICLGGBX	GBP
XJ	ICLGGBX	GBP
XL	ICLGGBX	GBP
XO	ICLGGBX	GBP
XQ	ICLGGBX	GBP
XU	ICLGGBX	GBP
XV	ICLGGBX	GBP
XW	ICLGGBX	GBP
XX	ICLGGBX	GBP
XY	ICLGGBX	GBP
XZ	ICLGGBX	GBP

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2025-08-13 · the fund's own published holdings.

#	Company	Weight
1	OCP CLO 2020-20 Ltd FRN 18/04/37	3.3%
2	Ares Direct Lending CLO 8 LLC FRN 20/01/39	3.1%
3	Symphony Clo 47 Ltd FRN 20/04/38	3.1%
4	Captree Park CLO Ltd FRN 20/07/37	3.1%
5	Pikes Peak Clo 16 Ltd FRN 25/07/39	3.1%
6	OWL Rock CLO XXV LLC FRN 22/07/36	2.9%
8	Benefit Street Partners CLO 48 Ltd FRN 20/04/38	2.5%
9	Ballyrock CLO 17 Ltd FRN 20/10/38	2.5%
10	AGL CLO 23 Ltd FRN 20/04/38	2.5%
12	AIMCO CLO 16 Ltd FRN 17/07/39	2.4%
13	Ocp Clo 2024-33 Ltd FRN 20/07/39	2.1%
14	RRE 18 Loan Management DAC FRN 15/04/38	2.0%
15	OHA Credit Funding 25 Ltd FRN 20/04/39	2.0%
16	Golub Capital Partners CLO 52 B R FRN 20/07/39	1.8%
17	Aimco CLO 11 Ltd FRN 17/07/37	1.8%
18	Bain Capital Credit CLO 2025-4 Ltd FRN 17/01/39	1.8%
19	Arini European CLO V DAC FRN 15/01/39	1.7%
20	OCP CLO 2023-26 Ltd FRN 17/04/37	1.6%
21	ABPCI Direct Lending Fund CLO XVII FRN 01/08/38	1.6%
23	Apidos Clo Lii FRN 20/04/38	1.5%
24	Bain Capital Credit CLO 2024-2 Ltd FRN 15/07/39	1.5%
25	OCP CLO 2025-42 Ltd FRN 21/05/38	1.5%
26	Golub Capital Partners CLO 19B-R3 FRN 20/10/36	1.5%
27	GoldenTree Loan Management US CLO FRN 20/10/38	1.4%
28	Ares Direct Lending CLO 6 LLC FRN 16/10/37	1.4%
29	Pikes Peak CLO 18 FRN 20/04/38	1.4%
30	AGL Core CLO 36 Ltd FRN 23/01/38	1.3%
31	Golub Capital Partners CLO 60B Ltd FRN 25/10/34	1.3%
32	APIDOS CLO XLVIII Ltd FRN 25/07/37	1.2%
33	Bain Capital Credit CLO 2022-5 Ltd FRN 24/01/37	1.2%
34	Symphony CLO 30 Ltd FRN 20/10/37	1.2%
35	Apidos Clo Lvii FRN 20/07/39	1.2%
36	Ballyrock CLO 16 Ltd FRN 20/04/38	1.2%
37	Golub Capital CLO 88 B Ltd FRN 17/04/38	1.0%
38	AGL CLO 45 Ltd FRN 22/01/39	1.0%
39	Peebles Park CLO Ltd FRN 21/04/37	1.0%
40	OCP CLO 2020-19 Ltd FRN 20/04/38	0.9%
41	Pikes Peak Clo 12 Ltd FRN 20/04/38	0.9%
42	Bain Capital Credit Clo 2024-5 Ltd FRN 21/10/37	0.9%
43	RR 18 Ltd FRN 15/07/40	0.9%
44	Carlyle Global Market Strategies E FRN 16/01/39	0.8%
45	Peace Park CLO Ltd FRN 20/10/38	0.8%
46	Apidos CLO XXXV FRN 20/07/39	0.7%
47	Jubilee Clo 2025-XXX DAC FRN 20/04/38	0.7%
48	Arini European CLO II DAC FRN 15/10/38	0.7%
49	Voya Euro CLO VIII DAC FRN 15/01/39	0.7%
50	Cross Ocean Bosphorus CLO XI DAC FRN 15/04/38	0.7%
52	BlackRock DLF X 2025-C CLO LP FRN 21/11/33	0.7%
53	Symphony CLO XXIV Ltd FRN 23/10/35	0.6%
54	GoldenTree Loan Management US CLO FRN 20/01/38	0.6%
55	OHA Credit Funding 20 Ltd FRN 20/04/38	0.6%
56	APIDOS CLO FRN 20/07/39	0.6%
57	OCP CLO 2025-40 Ltd FRN 16/04/38	0.6%
58	Benefit Street Partners Clo XXXIII FRN 25/01/39	0.6%
59	AGL CLO 34 LTD FRN 22/01/38	0.5%
60	AGL CLO 15 Ltd FRN 20/01/39	0.5%
61	Golub Capital Partners CLO 77 B Lt FRN 25/01/38	0.5%
62	AIMCO CLO Series 2017-A FRN 20/01/38	0.5%
63	Symphony CLO 37 Ltd FRN 20/01/37	0.5%
64	Contego CLO XI DAC FRN 20/11/38	0.5%
65	Antares CLO 2023-1 Ltd FRN 25/07/37	0.4%
66	Cerberus Loan Funding XL LLC FRN 22/03/35	0.4%
67	Pikes Peak CLO 6 FRN 18/05/34	0.4%
68	Bain Capital Credit CLO 2024-4 Ltd FRN 23/10/37	0.4%
69	OCP CLO 2026-49 Ltd FRN 16/04/38	0.4%
70	Pikes Peak Copper FRN 20/04/39	0.4%
71	AIMCO CLO 23 Ltd FRN 20/04/38	0.4%
72	AGL Core CLO 8 LTD FRN 20/01/38	0.4%
73	AGL Core CLO 38 Ltd FRN 22/01/38	0.4%
74	Apidos Clo LV FRN 20/01/39	0.4%
75	Golub Capital Partners Clo 45M Ltd FRN 20/07/37	0.4%
76	Bain Capital Credit CLO 2025-1 Ltd FRN 23/04/38	0.4%
77	Blackrock MT Lassen Clo XV LLC FRN 15/07/37	0.4%
79	Aimco CLO 15 Ltd FRN 17/04/38	0.4%
80	RR 19 Ltd FRN 15/04/40	0.4%
81	Flatiron CLO 28 Ltd FRN 15/07/36	0.4%
83	Cairn CLO XIII DAC FRN 20/10/33	0.4%
84	Arbour CLO VI DAC FRN 15/11/37	0.4%
85	Northwoods Capital 24 Euro DAC FRN 15/10/35	0.4%
86	OCP CLO 2024-36 Ltd FRN 16/10/37	0.4%
87	AGL CLO 43 Ltd FRN 10/09/38	0.3%
88	Newbridge Park CLO DAC FRN 15/04/40	0.3%
89	Apidos CLO XLII Ltd FRN 20/04/38	0.3%
90	Barings Euro CLO 2024-1 DAC FRN 20/04/39	0.3%
91	AGL CLO 19 Ltd FRN 21/07/38	0.3%
92	OHA Credit Funding 11 Ltd FRN 19/07/37	0.3%
93	AGL CLO 12 Ltd FRN 20/10/38	0.3%
94	Golub Capital BDC CLO 8 LLC FRN 20/10/36	0.3%
95	BlackRock Shasta CLO XIII LLC FRN 15/07/36	0.2%
96	AGL CLO 10 Ltd FRN 15/04/39	0.2%
97	CVC Cordatus Loan Fund XVIII DAC FRN 29/07/34	0.2%
98	Cairn Clo XVI DAC FRN 15/01/40	0.2%
99	Bain Capital Credit CLO 2020-1 Ltd FRN 18/04/33	0.2%
100	AGL CLO 29 Ltd FRN 21/04/39	0.2%
101	Symphony CLO 40 Ltd FRN 05/01/38	0.2%
102	Bain Capital Credit CLO 2024-1 Ltd FRN 16/04/39	0.2%
103	Contego Clo XIV DAC FRN 15/10/37	0.2%
104	AGL CLO 20 Ltd FRN 20/10/37	0.2%
105	Palmer Square European Clo 2026-1 FRN 15/04/39	0.1%
106	Contego CLO IV DAC FRN 23/10/39	0.1%
107	Dryden 56 Euro CLO 2017 DAC FRN 15/04/38	0.1%
108	Ares European CLO XXI DAC FRN 15/04/38	0.1%
109	Apidos CLO XLV Ltd FRN 26/07/38	0.1%
110	GoldenTree Loan Management US CLO FRN 20/01/39	0.1%
111	Golub Capital Partners CLO 17 Ltd FRN 09/02/39	0.1%
112	Bain Capital Credit CLO 2021-1 Ltd FRN 18/04/34	0.1%
113	Ivy Hill Middle Market Credit Fund FRN 19/07/37	0.1%
114	OCP CLO 2024-38 Ltd FRN 21/01/38	0.1%
115	Point Au Roche Park CLO Ltd FRN 20/01/39	0.1%
116	Golub Capital Partners CLO 69M FRN 09/11/38	0.1%
117	Apidos CLO XXXVII FRN 22/10/34	0.1%
118	Bain Capital Credit CLO 2020-4 Ltd FRN 20/10/36	0.1%
119	AGL CLO 35 Ltd FRN 21/01/38	0.1%
120	AIMCO CLO 18 Ltd FRN 20/07/37	0.1%
121	AGL CLO 16 Ltd FRN 20/01/35	0.0%
122	Cash and/or Derivatives	-4.2%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 11% of similar ETFs💰 All-in cost cheaper than 0%

Versus the Bonds · Other · GBP ETFs we track.

Concentration depth

~63 ?

Effective number of holdings

Roughly 122 companies are held, but the largest names carry most of the weight — so it behaves like ~63 equal-sized positions.

Documents

📄 KID (PDF)

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Other bonds

Compare side by side

6 similar funds

	Invesco USD AAA CLO UCITS ETF GBP Hdg DistInvescoYou're viewing	State Street® SPDR® S&P® Dividend ETFSPDRBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares Core € Corp Bond UCITS ETFiSharesBroader match	iShares Core € Corp Bond UCITS ETFiSharesBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match
Why it's similar	This is the fund on this page.	BondsPhysical Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsDistributingPhysicalCheaper fee Tracks a different index in the same category.	BondsDistributingPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	J.P. Morgan CLOIE AAA Index	S&P High Yield Dividend Aristocrats Index
Yearly fee (TER)	0.25%	0.35%	0.10%	0.11%	0.11%	0.07%	0.07%
All-in cost	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Fund size	€718.3M	€19.1B	€12.5B	€12.4B	€12.4B	€10.9B	€10.9B
Domicile	Ireland	United States	Ireland	Ireland	Ireland	Ireland	Ireland
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.		+7.0%	+2.5%	+6.9%		+5.9%	+4.4%
5-yr return p.a.		+4.8%	+0.0%			+2.8%	+1.8%
# holdings	122	158	97	4,156	4,156	97	97

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Data as of 0000-00-00 · Source: issuer data, compiled by Finance Hamster

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