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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) ?

€853.2M

Risk level (SRI) ?

2 / 7 · Low

1-year return ?

-0.1%

Price Return · to 2026-10-16

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 136 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

Performance

Growth of £100 invested — the line starts at £100.

Invesco USD AAA CLO UCITS ETF GBP Hdg Dist

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+0.2%

1 year-0.1%

How bumpy has it been?

9964.0%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-99.0%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

The bigger picture

+0.6%

Since inception

Total growth since launch — about +0.4% a year.

+9897.0%

Best 12 months

The strongest one-year stretch on record.

-1.4%

Worst 12 months

The weakest one-year stretch on record.

-99.0%

Worst fall on record ?

It has not fully recovered yet.

What's inside

The 10 biggest holdings make up 25.3% of the fund — the rest is spread across roughly 119 more companies.

Top 10 holdings

#	Company	Weight
1	OCP CLO 2020-20 Ltd FRN 18/04/37	2.9%
2	Golub Capital Partners CLO 19B-R3 FRN 20/10/36	2.7%
3	Pikes Peak Clo 16 Ltd FRN 25/07/39	2.7%
4	Ares Direct Lending CLO 8 LLC FRN 20/01/39	2.7%
5	Captree Park CLO Ltd FRN 20/07/37	2.7%
6	Symphony Clo 47 Ltd FRN 20/04/38	2.7%
7	OWL Rock CLO XXV LLC FRN 22/07/36	2.6%
9	Benefit Street Partners CLO 48 Ltd FRN 20/04/38	2.2%
10	AIMCO CLO 16 Ltd FRN 17/07/39	2.1%
11	Ballyrock CLO 17 Ltd FRN 20/10/38	2.1%

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
ER	ICLGGBP	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 2026-10-16 · the fund's own published holdings.

#	Company	Weight
1	OCP CLO 2020-20 Ltd FRN 18/04/37	2.9%
2	Golub Capital Partners CLO 19B-R3 FRN 20/10/36	2.7%
3	Pikes Peak Clo 16 Ltd FRN 25/07/39	2.7%
4	Ares Direct Lending CLO 8 LLC FRN 20/01/39	2.7%
5	Captree Park CLO Ltd FRN 20/07/37	2.7%
6	Symphony Clo 47 Ltd FRN 20/04/38	2.7%
7	OWL Rock CLO XXV LLC FRN 22/07/36	2.6%
9	Benefit Street Partners CLO 48 Ltd FRN 20/04/38	2.2%
10	AIMCO CLO 16 Ltd FRN 17/07/39	2.1%
11	Ballyrock CLO 17 Ltd FRN 20/10/38	2.1%
12	AGL CLO 23 Ltd FRN 20/04/38	2.1%
13	Ocp Clo 2024-33 Ltd FRN 20/07/39	1.9%
14	OHA Credit Funding 25 Ltd FRN 20/04/39	1.7%
15	RRE 18 Loan Management DAC FRN 15/04/38	1.7%
16	Penta CLO S.A. FRN 15/01/39	1.7%
17	Golub Capital Partners CLO 52 B R FRN 20/07/39	1.6%
18	Aimco CLO 11 Ltd FRN 17/07/37	1.6%
19	AGL CLO 17 Ltd FRN 21/01/35	1.5%
21	Arini European CLO V DAC FRN 15/01/39	1.4%
22	ABPCI Direct Lending Fund CLO XVII FRN 01/08/38	1.4%
23	Midocean Credit Clo XX FRN 20/01/39	1.4%
24	GoldenTree Loan Management US FRN 20/07/39	1.4%
26	Apidos Clo Lii FRN 20/04/38	1.3%
27	Bain Capital Credit CLO 2024-2 Ltd FRN 15/07/39	1.3%
28	OCP CLO 2025-42 Ltd FRN 21/05/38	1.3%
29	Ares Direct Lending CLO 6 LLC FRN 16/10/37	1.2%
30	GoldenTree Loan Management US CLO FRN 20/10/38	1.2%
31	Pikes Peak CLO 18 FRN 20/04/38	1.2%
32	AGL Core CLO 36 Ltd FRN 23/01/38	1.1%
33	Apidos Clo Lvii FRN 20/07/39	1.1%
34	Symphony CLO 30 Ltd FRN 20/10/37	1.1%
35	Neuberger Berman Loan Advisers CLO FRN 23/04/38	1.1%
36	Bain Capital Credit CLO 2022-5 Ltd FRN 24/01/37	1.1%
37	Golub Capital Partners CLO 60B Ltd FRN 25/10/34	1.1%
38	Ballyrock CLO 16 Ltd FRN 20/04/38	1.0%
39	Golub Capital CLO 88 B Ltd FRN 17/04/38	0.9%
40	AGL CLO 45 Ltd FRN 22/01/39	0.9%
42	GOLDENTREE LOAN MANAGEMENT US FRN 20/10/37	0.8%
43	OCP CLO 2020-19 Ltd FRN 20/04/38	0.8%
44	Pikes Peak Clo 12 Ltd FRN 20/04/38	0.8%
45	Bain Capital Credit Clo 2024-5 Ltd FRN 21/10/37	0.8%
46	RR 18 Ltd FRN 15/07/40	0.8%
47	Carlyle Global Market Strategies E FRN 16/01/39	0.7%
48	Bain Capital Credit CLO 2025-4 Ltd FRN 17/01/39	0.7%
49	Peace Park CLO Ltd FRN 20/10/38	0.7%
50	Apidos CLO XXXV FRN 20/07/39	0.6%
51	Boyce Park Clo Ltd FRN 21/04/35	0.6%
52	Jubilee Clo 2025-XXX DAC FRN 20/04/38	0.6%
53	Arini European CLO II DAC FRN 15/10/38	0.6%
55	Voya Euro CLO VIII DAC FRN 15/01/39	0.6%
56	Cross Ocean Bosphorus CLO XI DAC FRN 15/04/38	0.6%
57	Aqueduct European CLO FRN 20/11/40	0.6%
58	Golub Capital Partners CLO 77 B Lt FRN 25/01/38	0.6%
59	Henley CLO FRN 25/07/38	0.5%
60	Symphony CLO XXIV Ltd FRN 23/10/35	0.5%
61	APIDOS CLO FRN 20/07/39	0.5%
62	OCP CLO 2025-40 Ltd FRN 16/04/38	0.5%
63	OHA Credit Funding 20 Ltd FRN 20/04/38	0.5%
64	GoldenTree Loan Management US CLO FRN 20/01/38	0.5%
65	Symphony CLO 43 Ltd FRN 15/04/37	0.5%
66	Benefit Street Partners Clo XXXIII FRN 25/01/39	0.5%
67	BlackRock DLF X 2025-C CLO LP FRN 21/11/33	0.5%
68	Flatiron CLO 24 LTD FRN 15/01/39	0.5%
69	Bayswater Park CLO Ltd FRN 20/01/39	0.5%
70	Carysfort Park CLO FRN 28/04/39	0.5%
71	GoldenTree Loan Management US FRN 20/10/39	0.5%
72	Flatiron CLO 28 Ltd FRN 15/07/36	0.4%
73	Magnetite LII Ltd FRN 25/01/39	0.4%
74	AGL CLO 34 LTD FRN 22/01/38	0.4%
75	AIMCO CLO Series 2017-A FRN 20/01/38	0.4%
76	Symphony CLO 37 Ltd FRN 20/01/37	0.4%
77	AGL CLO 15 Ltd FRN 20/01/39	0.4%
78	Contego CLO XI DAC FRN 20/11/38	0.4%
79	Apidos CLO XXXIX Ltd FRN 21/10/38	0.4%
80	Antares CLO 2023-1 Ltd FRN 25/07/37	0.4%
81	Cerberus Loan Funding XL LLC FRN 22/03/35	0.4%
82	Bain Capital Credit CLO 2024-4 Ltd FRN 23/10/37	0.3%
83	OCP CLO 2026-49 Ltd FRN 16/04/38	0.3%
84	Pikes Peak Copper FRN 20/04/39	0.3%
85	AIMCO CLO 23 Ltd FRN 20/04/38	0.3%
86	AGL Core CLO 38 Ltd FRN 22/01/38	0.3%
87	Aimco CLO 15 Ltd FRN 17/04/38	0.3%
88	AGL Core CLO 8 LTD FRN 20/01/38	0.3%
89	Golub Capital Partners Clo 45M Ltd FRN 20/07/37	0.3%
90	Apidos Clo LV FRN 20/01/39	0.3%
91	Peebles Park CLO Ltd FRN 21/04/37	0.3%
92	Bain Capital Credit CLO 2025-1 Ltd FRN 23/04/38	0.3%
93	Blackrock MT Lassen Clo XV LLC FRN 15/07/37	0.3%
95	RR 19 Ltd FRN 15/04/40	0.3%
97	OCP CLO 2024-36 Ltd FRN 16/10/37	0.3%
98	Cairn CLO XIII DAC FRN 20/10/33	0.3%
99	Arbour CLO VI DAC FRN 15/11/37	0.3%
100	Northwoods Capital 24 Euro DAC FRN 15/10/35	0.3%
101	Pikes Peak CLO 6 FRN 18/05/34	0.3%
102	AGL CLO 43 Ltd FRN 10/09/38	0.3%
103	Apidos CLO XLII Ltd FRN 20/04/38	0.3%
104	Newbridge Park CLO DAC FRN 15/04/40	0.3%
105	Penta CLO 3 DAC FRN 17/10/38	0.2%
106	Barings Euro CLO 2024-1 DAC FRN 20/04/39	0.2%
107	HENLEY FUNDING LTD FRN 25/10/2040	0.2%
108	AGL CLO 19 Ltd FRN 21/07/38	0.2%
109	OHA Credit Funding 11 Ltd FRN 19/07/37	0.2%
110	AGL CLO 12 Ltd FRN 20/10/38	0.2%
111	Golub Capital BDC CLO 8 LLC FRN 20/10/36	0.2%
112	BlackRock Shasta CLO XIII LLC FRN 15/07/36	0.2%
113	AGL CLO 10 Ltd FRN 15/04/39	0.2%
114	CVC Cordatus Loan Fund XVIII DAC FRN 29/07/34	0.2%
115	Cairn Clo XVI DAC FRN 15/01/40	0.2%
116	Bain Capital Credit CLO 2024-1 Ltd FRN 16/04/39	0.2%
117	AGL CLO 29 Ltd FRN 21/04/39	0.2%
118	Symphony CLO 40 Ltd FRN 05/01/38	0.2%
119	Bain Capital Credit CLO 2020-1 Ltd FRN 18/04/33	0.2%
120	AGL CLO 20 Ltd FRN 20/10/37	0.1%
121	Contego Clo XIV DAC FRN 15/10/37	0.1%
122	Contego CLO IV DAC FRN 23/10/39	0.1%
123	Dryden 56 Euro CLO 2017 DAC FRN 15/04/38	0.1%
124	Ares European CLO XXI DAC FRN 15/04/38	0.1%
125	Palmer Square European Clo 2026-1 FRN 15/04/39	0.1%
126	Apidos CLO XLV Ltd FRN 26/07/38	0.1%
127	GoldenTree Loan Management US CLO FRN 20/01/39	0.1%
128	Golub Capital Partners CLO 17 Ltd FRN 09/02/39	0.1%
129	Ivy Hill Middle Market Credit Fund FRN 19/07/37	0.1%
130	OCP CLO 2024-38 Ltd FRN 21/01/38	0.1%
131	Point Au Roche Park CLO Ltd FRN 20/01/39	0.1%
132	Golub Capital Partners CLO 69M FRN 09/11/38	0.1%
133	Bain Capital Credit CLO 2020-4 Ltd FRN 20/10/36	0.1%
134	AGL CLO 35 Ltd FRN 21/01/38	0.0%
135	AGL CLO 16 Ltd FRN 20/01/35	0.0%
136	Cash and/or Derivatives	-0.9%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 14% of similar ETFs💰 All-in cost cheaper than 5%📈 Higher 1-yr return than 61%📊 Beat its category by 1.8% (1-yr) (category average -1.8%)

Versus the Bonds · Other · GBP ETFs we track.

Advanced risk

99.8%

Downside deviation ?

67%

Up months (hit rate) ?

£1,607.40

52-week high ?

£15.99

52-week low ?

Concentration depth

~72 ?

Effective number of holdings

Roughly 136 companies are held, but the largest names carry most of the weight — so it behaves like ~72 equal-sized positions.

Estimated fund flows

+€88.7M

Estimated net flow, last 3 months

Estimated from fund-size changes.

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 $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares $ Treasury Bond 3-7yr UCITS ETFiSharesBroader match	iShares $ Corp Bond 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.	BondsDistributingPhysicalCheaper fee 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.	BondsDistributingPhysical Tracks a different index in the same category.
Index tracked	J.P. Morgan CLOIE AAA Index	S&P High Yield Dividend Aristocrats Index					Markit iBoxx USD Liquid Investment Grade Index
Yearly fee (TER)	0.25%	0.35%	0.10%	0.07%	0.07%	0.10%	0.25%
All-in cost	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%
Fund size	€853.2M	€19.8B	€12.5B	€10.9B	€10.9B	€10.8B	€10.7B
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.		+12.3%	+2.5%	+5.9%	+4.4%		+0.9%
5-yr return p.a.		+5.1%	+0.0%	+2.8%	+1.8%		-4.7%
# holdings	136	158	97	97	97	93	3,118

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Data as of 2026-10-16 · Source: issuer data, compiled by Finance Hamster

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