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iShares € AAA CLO Active UCITS ETF

iShares · IE000VHC9HY7

iShares € AAA CLO Active UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker CLGH (ISIN IE000VHC9HY7). 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 to be steadier than shares but grows more slowly, focused on the European market. Rather than a manager picking stocks, it simply replicates the J.P. Morgan Euro CLOIE AAA Index index — the passive, low-cost approach, and its largest holdings include BLK LEAF FUND AGENCY ACC T0 EUR, RFTE_25-3 A RegS and LEGA_2X A RegS. It holds around 101 positions (the ten largest ≈ 34.2%), spreading risk so no single holding decides your outcome. By geography it is weighted towards ~88.1% European Union and ~22.6% Ireland. By industry it concentrates most in ~100.2% Securitized and ~7.5% Other. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.25% a year — about €25 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class). It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in GBP. On the standard KID risk scale it is rated 3 out of 7 and its price has swung about 1.2% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2026, and its KID suggests a holding period of medium to long term. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from iShares.)

· Tracks the J.P. Morgan Euro CLOIE AAA Index index ?
Bond ?Distributing ?Physical ?Ireland ?
Low yearly feePays cash dividendsOwns the shares directlyEurope
Fund size (AUM) ?
€414.5M
Risk level (SRI) ?
3 / 7 · Medium
Yearly fee (TER) ?
0.25%
All-in cost ≈ 0.25%

About this fund

What you own

The J.P. Morgan Euro CLOIE AAA Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 101 companies across Europe in a single purchase.

Dividends

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

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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).

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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)
0.25%All-in cost

The yearly running cost of the fund, shown as a % of your money. €0.20 per €100 a year at 0.20%. Lower is cheaper.

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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 Euro CLOIE AAA Index
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
Mar 2026
Recommended holding period
medium to long term

Bond details

Inflation-linked ?
No — nominal (fixed) payouts

Performance

6.6432.057.482.8108202620262026

Growth of £100 invested — both lines start at £100.

iShares € AAA CLO Active UCITS ETF Average J.P. Morgan Euro CLOIE AAA Index ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

How bumpy has it been?

1.2%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-0.5%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.

The bigger picture

+0.8%
Since inception
Total growth since the fund launched.
-0.5%
Worst fall on record ?
It has not fully recovered yet.

What's inside

By sector ?

Securitized90.5%
Other6.8%
Corporate2.7%

The 10 biggest holdings make up 34.2% of the fund — the rest is spread across roughly 91 more companies.

Top 10 holdings

#CompanyWeight
1BLK LEAF FUND AGENCY ACC T0 EUR7.6%
2RFTE_25-3 A RegS3.1%
3LEGA_2X A RegS3.0%
4VOYE_8 A RegS3.0%
5OCPE_24-9X A RegS3.0%
6ACLO_7X AR RegS3.0%
7VOYE_6X-R A1R RegS3.0%
8PENTA_24_16X AR RegS2.8%
9JUBIL_24-29X A RegS2.8%
10LOGIC_2 A RegS2.8%

Where to buy this fund

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

Where it trades

ExchangeTickerCurrency
LSECLGHGBP★ Primary
GBP listings
E1CLGHGBXGBP
EOCLGHGBXGBP
EUCLGHGBXGBP
London Stock ExchangeCLGHGBP
X1CLGHGBXGBP
X2CLGHGBXGBP
XACLGHGBXGBP
XFCLGHGBXGBP
XGCLGHGBXGBP
XHCLGHGBXGBP
XJCLGHGBXGBP
XLCLGHGBXGBP
XOCLGHGBXGBP
XQCLGHGBXGBP
XTCLGHGBXGBP
XUCLGHGBXGBP
XVCLGHGBXGBP
XWCLGHGBXGBP
XXCLGHGBXGBP
XYCLGHGBXGBP
XZCLGHGBXGBP
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-20 · the fund's own published holdings.

#CompanyWeight
1BLK LEAF FUND AGENCY ACC T0 EUR7.6%
2RFTE_25-3 A RegS3.1%
3LEGA_2X A RegS3.0%
4VOYE_8 A RegS3.0%
5OCPE_24-9X A RegS3.0%
6ACLO_7X AR RegS3.0%
7VOYE_6X-R A1R RegS3.0%
8PENTA_24_16X AR RegS2.8%
9JUBIL_24-29X A RegS2.8%
10LOGIC_2 A RegS2.8%
11SNDPE_1X AR RegS2.8%
12BRGPT_4X AR RegS2.2%
13FAIR OAKS LOAN FUNDING FOAKS_5X AR RegS2.2%
14AVOCA_24X AR RegS2.1%
15NEUBE_8X A1 RegS2.0%
16ARBR_8X AR RegS2.0%
17CIFCE_2X AR RegS2.0%
18CORDA_30X AR RegS2.0%
19CORDA_9X C-R-R RegS2.0%
20LGT_1 A RegS1.9%
21RFTE_21-2 A RegS1.9%
22ELME_26-1X A1 RegS1.8%
23CORDA_22X A RegS1.6%
24CGMSE_26-1X A1 RegS1.6%
25PENTA_24-18X AR RegS1.6%
26FOAKS-3X AR RegS1.5%
27ARESE_8X B1R RegS1.2%
28PRVD_14X A RegS1.2%
29ELMP_1X ARRR RegS1.2%
30HNLY_11X A RegS1.2%
31HNLY_3X AR RegS1.2%
32PROVD_6X A RegS1.2%
33HNLY_16X A RegS1.2%
34CORDA_20X A RegS1.1%
35PLMER_22-1X AR RegS1.1%
36SHCLO_1X AR RegS1.0%
37CIFCE_4X A RegS1.0%
38FIOS_5X A RegS1.0%
39OCPE_17-2 A-R-R RegS1.0%
40RFTE_25-1X A RegS1.0%
41SCULE_8X BR RegS1.0%
42AVOCA_36X A1 RegS1.0%
43ARESE_8X CR RegS1.0%
44BBAME_2X A RegS0.9%
45SPCEU_1X A RegS0.9%
46PENTA_24-17X AR RegS0.8%
47BRGPT_9X A RegS0.8%
48CIFCE_3X AR RegS0.8%
49OTOPK_1X BR RegS0.8%
50ARINI_2X AR RegS0.8%
51BUSHY_1X AR RegS0.8%
52ARBR_6X AR RegS0.8%
53CONTE_11X AR RegS0.8%
54RRME_24 A1 RegS0.8%
55NEUBE_3X A RegS0.8%
56BRGPT_11X A RegS0.8%
57PLMER_26-2X A RegS0.8%
58PLMER_26-1X B RegS0.8%
59HNLY_10X AR RegS0.7%
60HNLY_4X AR RegS0.7%
61CLRPK_1X A1RR RegS0.6%
62RFTE_21-1 A RegS0.6%
63PENTA_10-R CR RegS0.6%
64BRGPT_6X AR RegS0.6%
65CONTE_7X AR RegS0.6%
66PENTA_22-12X ARR RegS0.6%
67BRGPT_2X A RegS0.6%
68PENTA_23-14XR ARR RegS0.6%
69FOAKS-1X AR RegS0.6%
70NEUBE_7X A1 RegS0.6%
71OCPE_17-2 C-R-R RegS0.6%
72BRGPT_3X A RegS0.5%
73BRGPT_1X A RegS0.5%
74CMLST_24-1X A RegS0.5%
75ACLO_8X AR RegS0.4%
76FIOS_2 B1 RegS0.4%
77CORDA_23X CRR RegS0.4%
78VOYE_2X AR RegS0.4%
79HNLY_6 A RegS0.4%
80CONTE_5X AR RegS0.4%
81CONTE_8X AR RegS0.4%
82CRNCL_21-14X A RegS0.4%
83RAVPK_1 A RegS0.4%
84NWEST-VII-X A RegS0.4%
85CORDA_20X B1E RegS0.4%
86CORDA_9X A-R-R RegS0.4%
87CGMSE_26-1X B RegS0.4%
88PENTA_24-18X CR RegS0.4%
89PSTET_24-3 A RegS0.4%
90BLACP_1X B RegS0.4%
91AVOCA_25X A RegS0.3%
92ARCAN_2X A RegS0.3%
93BRGPT_11X B RegS0.3%
94COLFR_1X AR RegS0.3%
95AVOCA_28X-R AR RegS0.2%
96FICLO_21-1X A RegS0.2%
97ACLO_2X A1RR RegS0.2%
98JPY CASH0.0%
99USD CASH0.0%
100GBP CASH0.0%
101EUR CASH-13.7%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 17% of similar ETFs💰 All-in cost cheaper than 28%

Versus the Bonds · Europe · GBP ETFs we track.

Advanced risk

1.1%
Downside deviation ?
75%
Up months (hit rate) ?
£1,015.10
52-week high ?
£1,002.30
52-week low ?

Concentration depth

~54 ?
Effective number of holdings

Roughly 101 companies are held, but the largest names carry most of the weight — so it behaves like ~54 equal-sized positions.

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🌍 Europe bonds
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Why it's similarThis is the fund on this page.
BondsDistributingPhysicalCheaper fee
Tracks a different index in the same category.
BondsPhysicalCheaper fee
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BondsDistributingPhysical
Tracks a different index in the same category.
BondsPhysical
Tracks a different index in the same category.
BondsDistributingPhysical
Tracks a different index in the same category.
BondsDistributingPhysicalCheaper fee
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Index trackedJ.P. Morgan Euro CLOIE AAA IndexBloomberg Barclays Euro Corporate Bond IndexBloomberg Barclays Euro Corporate Bond IndexMarkit iBoxx Euro Liquid High Yield IndexMarkit iBoxx Euro Liquid High Yield IndexMarkit iBoxx Euro Liquid High Yield IndexBloomberg MSCI Euro Corporate ESG SRI Index
Yearly fee (TER)0.25%0.11%0.09%0.55%0.50%0.50%0.16%
All-in cost0.25%0.11%0.09%0.55%0.50%0.50%0.16%
Fund size€414.5M€16.4B€13.9B€8.7B€7.4B€7.4B€7B
DomicileIrelandIrelandIrelandIrelandIrelandIrelandIreland
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+5.6%+4.8%+0.2%+4.8%
5-yr return p.a.+0.9%+0.2%-2.5%+0.2%
# holdings1014,1564,1566756756753,222

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Data as of 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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