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Invesco USD AAA CLO UCITS ETF Dist

Invesco · IE000PKN5N58

Invesco USD AAA CLO UCITS ETF Dist is an exchange-traded fund (ETF) from Invesco, traded under the ticker ICLO (ISIN IE000PKN5N58). 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, which tends…

· 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) ?

€717.5M

Risk level (SRI) ?

2 / 7 · Low

1-year return ?

+2.0%

Price Return · to 2026-07-20

Yearly fee (TER) ?

0.25%

All-in cost ≈ 0.56%

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)

0.56%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

Feb 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 Dist

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

YTD+3.3%

1 year+2.0%

How bumpy has it been?

6.4%

Volatility (1y) ?

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

-12.7%

Worst drop (3y) ?

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

The bigger picture

-8.3%

Since inception

Total growth since launch — about -5.9% a year.

+3.6%

Best 12 months

The strongest one-year stretch on record.

-11.3%

Worst 12 months

The weakest one-year stretch on record.

-12.7%

Worst fall on record ?

It has not fully recovered yet.

Dividend history

This fund pays its dividends out to you (Quarterly). Recent payments per share:

Ex-date	Amount / share
2026-03-12	€0.21
2025-12-11	€0.2058
2025-09-11	€0.2273
2025-06-12	€0.2705

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	ICLO	USD	★ Primary
CHF listings
SIX	ICLO	CHF
EUR listings
Borsa Italiana	ICLO	EUR
Frankfurt	UCLU	EUR
USD listings
B3	UCLUD	USD
E1	ICLO1USD	USD
E1	ICLOGBX	USD
E1	ICLOEUR	USD
E1	ICLOCHF	USD
EO	ICLO1USD	USD
EO	ICLOCHF	USD
EO	ICLOGBX	USD
EO	ICLOEUR	USD
EP	ICLOCHF	USD
EP	ICLOEUR	USD
EU	ICLOGBX	USD
EU	ICLOCHF	USD
EU	ICLOEUR	USD
EU	ICLO1USD	USD
EZ	ICLOCHF	USD
EZ	ICLOEUR	USD
GD	UCLU	USD
GF	UCLU	USD
GH	UCLU	USD
GM	UCLU	USD
GS	UCLU	USD
GT	UCLU	USD
GZ	UCLU	USD
L1	UCLUD	USD
L3	UCLUD	USD
LA	UCLU	USD
London Stock Exchange	ICLO	USD
LSE	ICLP	USD
LU	UCLU	USD
PE	ICLO1	USD
PO	UCLUD	USD
QT	UCLU	USD
S1	ICLOL	USD
S1	ICLOM	USD
S1	ICLOZ	USD
S1	UCLUD	USD
S4	UCLUD	USD
S4	ICLOM	USD
SE	ICLO	USD
TH	UCLU	USD
X1	ICLOGBX	USD
X1	ICLOEUR	USD
X1	ICLOCHF	USD
X1	ICLO1USD	USD
X2	ICLO1USD	USD
X2	ICLOCHF	USD
X2	ICLOEUR	USD
X2	ICLOGBX	USD
XA	ICLOGBX	USD
XA	ICLOEUR	USD
XA	ICLOCHF	USD
XA	ICLO1USD	USD
XF	ICLO1USD	USD
XF	ICLOCHF	USD
XF	ICLOEUR	USD
XF	ICLOGBX	USD
XG	ICLOGBX	USD
XG	ICLOEUR	USD
XG	ICLOCHF	USD
XG	ICLO1USD	USD
XH	ICLO1USD	USD
XH	ICLOCHF	USD
XH	ICLOEUR	USD
XH	ICLOGBX	USD
XJ	ICLOGBX	USD
XJ	ICLOEUR	USD
XJ	ICLOCHF	USD
XJ	ICLO1USD	USD
XL	ICLO1USD	USD
XL	ICLOCHF	USD
XL	ICLOEUR	USD
XL	ICLOGBX	USD
XO	ICLOGBX	USD
XO	ICLOEUR	USD
XO	ICLOCHF	USD
XO	ICLO1USD	USD
XQ	ICLOGBX	USD
XQ	ICLOEUR	USD
XQ	ICLOCHF	USD
XQ	ICLO1USD	USD
XT	ICLO1USD	USD
XT	ICLOCHF	USD
XT	ICLOEUR	USD
XT	ICLOGBX	USD
XU	ICLOGBX	USD
XU	ICLOEUR	USD
XU	ICLOCHF	USD
XU	ICLO1USD	USD
XV	ICLO1USD	USD
XV	ICLOCHF	USD
XV	ICLOEUR	USD
XV	ICLOGBX	USD
XW	ICLOGBX	USD
XW	ICLOEUR	USD
XW	ICLOCHF	USD
XW	ICLO1USD	USD
XX	ICLO1USD	USD
XX	ICLOCHF	USD
XX	ICLOEUR	USD
XX	ICLOGBX	USD
XY	ICLOGBX	USD
XY	ICLOEUR	USD
XY	ICLOCHF	USD
XY	ICLO1USD	USD
XZ	ICLO1USD	USD
XZ	ICLOCHF	USD
XZ	ICLOEUR	USD
XZ	ICLOGBX	USD

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

Full holdings

As of 2026-07-20 · 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 10% of similar ETFs💰 All-in cost cheaper than 1%📈 Higher 1-yr return than 70%📊 Beat its category by 0.5% (1-yr) (category average +1.4%)

Versus the Bonds · Other · EUR ETFs we track.

Advanced risk

4.8%

Downside deviation ?

50%

Up months (hit rate) ?

$17.64

52-week high ?

$16.80

52-week low ?

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 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	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Fund size	€717.5M	€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 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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