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iShares € AAA CLO Active UCITS ETF
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.)
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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
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
Bond details
Performance
Growth of £100 invested — both lines start at £100.
Compared with the average fund tracking the same index — our own data, not the licensed index itself.
How bumpy has it been?
The bigger picture
What's inside
By sector ?
The 10 biggest holdings make up 34.2% of the fund — the rest is spread across roughly 91 more companies.
Top 10 holdings
| # | Company | Weight |
|---|---|---|
| 1 | BLK LEAF FUND AGENCY ACC T0 EUR | 7.6% |
| 2 | RFTE_25-3 A RegS | 3.1% |
| 3 | LEGA_2X A RegS | 3.0% |
| 4 | VOYE_8 A RegS | 3.0% |
| 5 | OCPE_24-9X A RegS | 3.0% |
| 6 | ACLO_7X AR RegS | 3.0% |
| 7 | VOYE_6X-R A1R RegS | 3.0% |
| 8 | PENTA_24_16X AR RegS | 2.8% |
| 9 | JUBIL_24-29X A RegS | 2.8% |
| 10 | LOGIC_2 A RegS | 2.8% |
Where to buy this fund
Set from your language & location — change it if it's wrong.
Where it trades
| Exchange | Ticker | Currency | |
|---|---|---|---|
| LSE | CLGH | GBP | ★ Primary |
| GBP listings | |||
| E1 | CLGHGBX | GBP | |
| EO | CLGHGBX | GBP | |
| EU | CLGHGBX | GBP | |
| London Stock Exchange | CLGH | GBP | |
| X1 | CLGHGBX | GBP | |
| X2 | CLGHGBX | GBP | |
| XA | CLGHGBX | GBP | |
| XF | CLGHGBX | GBP | |
| XG | CLGHGBX | GBP | |
| XH | CLGHGBX | GBP | |
| XJ | CLGHGBX | GBP | |
| XL | CLGHGBX | GBP | |
| XO | CLGHGBX | GBP | |
| XQ | CLGHGBX | GBP | |
| XT | CLGHGBX | GBP | |
| XU | CLGHGBX | GBP | |
| XV | CLGHGBX | GBP | |
| XW | CLGHGBX | GBP | |
| XX | CLGHGBX | GBP | |
| XY | CLGHGBX | GBP | |
| XZ | CLGHGBX | GBP | |
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 | BLK LEAF FUND AGENCY ACC T0 EUR | 7.6% |
| 2 | RFTE_25-3 A RegS | 3.1% |
| 3 | LEGA_2X A RegS | 3.0% |
| 4 | VOYE_8 A RegS | 3.0% |
| 5 | OCPE_24-9X A RegS | 3.0% |
| 6 | ACLO_7X AR RegS | 3.0% |
| 7 | VOYE_6X-R A1R RegS | 3.0% |
| 8 | PENTA_24_16X AR RegS | 2.8% |
| 9 | JUBIL_24-29X A RegS | 2.8% |
| 10 | LOGIC_2 A RegS | 2.8% |
| 11 | SNDPE_1X AR RegS | 2.8% |
| 12 | BRGPT_4X AR RegS | 2.2% |
| 13 | FAIR OAKS LOAN FUNDING FOAKS_5X AR RegS | 2.2% |
| 14 | AVOCA_24X AR RegS | 2.1% |
| 15 | NEUBE_8X A1 RegS | 2.0% |
| 16 | ARBR_8X AR RegS | 2.0% |
| 17 | CIFCE_2X AR RegS | 2.0% |
| 18 | CORDA_30X AR RegS | 2.0% |
| 19 | CORDA_9X C-R-R RegS | 2.0% |
| 20 | LGT_1 A RegS | 1.9% |
| 21 | RFTE_21-2 A RegS | 1.9% |
| 22 | ELME_26-1X A1 RegS | 1.8% |
| 23 | CORDA_22X A RegS | 1.6% |
| 24 | CGMSE_26-1X A1 RegS | 1.6% |
| 25 | PENTA_24-18X AR RegS | 1.6% |
| 26 | FOAKS-3X AR RegS | 1.5% |
| 27 | ARESE_8X B1R RegS | 1.2% |
| 28 | PRVD_14X A RegS | 1.2% |
| 29 | ELMP_1X ARRR RegS | 1.2% |
| 30 | HNLY_11X A RegS | 1.2% |
| 31 | HNLY_3X AR RegS | 1.2% |
| 32 | PROVD_6X A RegS | 1.2% |
| 33 | HNLY_16X A RegS | 1.2% |
| 34 | CORDA_20X A RegS | 1.1% |
| 35 | PLMER_22-1X AR RegS | 1.1% |
| 36 | SHCLO_1X AR RegS | 1.0% |
| 37 | CIFCE_4X A RegS | 1.0% |
| 38 | FIOS_5X A RegS | 1.0% |
| 39 | OCPE_17-2 A-R-R RegS | 1.0% |
| 40 | RFTE_25-1X A RegS | 1.0% |
| 41 | SCULE_8X BR RegS | 1.0% |
| 42 | AVOCA_36X A1 RegS | 1.0% |
| 43 | ARESE_8X CR RegS | 1.0% |
| 44 | BBAME_2X A RegS | 0.9% |
| 45 | SPCEU_1X A RegS | 0.9% |
| 46 | PENTA_24-17X AR RegS | 0.8% |
| 47 | BRGPT_9X A RegS | 0.8% |
| 48 | CIFCE_3X AR RegS | 0.8% |
| 49 | OTOPK_1X BR RegS | 0.8% |
| 50 | ARINI_2X AR RegS | 0.8% |
| 51 | BUSHY_1X AR RegS | 0.8% |
| 52 | ARBR_6X AR RegS | 0.8% |
| 53 | CONTE_11X AR RegS | 0.8% |
| 54 | RRME_24 A1 RegS | 0.8% |
| 55 | NEUBE_3X A RegS | 0.8% |
| 56 | BRGPT_11X A RegS | 0.8% |
| 57 | PLMER_26-2X A RegS | 0.8% |
| 58 | PLMER_26-1X B RegS | 0.8% |
| 59 | HNLY_10X AR RegS | 0.7% |
| 60 | HNLY_4X AR RegS | 0.7% |
| 61 | CLRPK_1X A1RR RegS | 0.6% |
| 62 | RFTE_21-1 A RegS | 0.6% |
| 63 | PENTA_10-R CR RegS | 0.6% |
| 64 | BRGPT_6X AR RegS | 0.6% |
| 65 | CONTE_7X AR RegS | 0.6% |
| 66 | PENTA_22-12X ARR RegS | 0.6% |
| 67 | BRGPT_2X A RegS | 0.6% |
| 68 | PENTA_23-14XR ARR RegS | 0.6% |
| 69 | FOAKS-1X AR RegS | 0.6% |
| 70 | NEUBE_7X A1 RegS | 0.6% |
| 71 | OCPE_17-2 C-R-R RegS | 0.6% |
| 72 | BRGPT_3X A RegS | 0.5% |
| 73 | BRGPT_1X A RegS | 0.5% |
| 74 | CMLST_24-1X A RegS | 0.5% |
| 75 | ACLO_8X AR RegS | 0.4% |
| 76 | FIOS_2 B1 RegS | 0.4% |
| 77 | CORDA_23X CRR RegS | 0.4% |
| 78 | VOYE_2X AR RegS | 0.4% |
| 79 | HNLY_6 A RegS | 0.4% |
| 80 | CONTE_5X AR RegS | 0.4% |
| 81 | CONTE_8X AR RegS | 0.4% |
| 82 | CRNCL_21-14X A RegS | 0.4% |
| 83 | RAVPK_1 A RegS | 0.4% |
| 84 | NWEST-VII-X A RegS | 0.4% |
| 85 | CORDA_20X B1E RegS | 0.4% |
| 86 | CORDA_9X A-R-R RegS | 0.4% |
| 87 | CGMSE_26-1X B RegS | 0.4% |
| 88 | PENTA_24-18X CR RegS | 0.4% |
| 89 | PSTET_24-3 A RegS | 0.4% |
| 90 | BLACP_1X B RegS | 0.4% |
| 91 | AVOCA_25X A RegS | 0.3% |
| 92 | ARCAN_2X A RegS | 0.3% |
| 93 | BRGPT_11X B RegS | 0.3% |
| 94 | COLFR_1X AR RegS | 0.3% |
| 95 | AVOCA_28X-R AR RegS | 0.2% |
| 96 | FICLO_21-1X A RegS | 0.2% |
| 97 | ACLO_2X A1RR RegS | 0.2% |
| 98 | JPY CASH | 0.0% |
| 99 | USD CASH | 0.0% |
| 100 | GBP CASH | 0.0% |
| 101 | EUR CASH | -13.7% |
How it ranks vs peers
Versus the Bonds · Europe · GBP ETFs we track.
Advanced risk
Concentration depth
Roughly 101 companies are held, but the largest names carry most of the weight — so it behaves like ~54 equal-sized positions.
Documents
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.
| iShares € AAA CLO Active UCITS ETFiSharesYou're viewing | iShares Core € Corp Bond UCITS ETFiSharesBroader match | iShares Core € Corp Bond UCITS ETFiSharesBroader match | iShares € High Yield Corp Bond UCITS ETFiSharesBroader match | iShares € High Yield Corp Bond UCITS ETFiSharesBroader match | iShares € High Yield Corp Bond UCITS ETFiSharesBroader match | iShares € Corp Bond ESG SRI UCITS ETFiSharesBroader match | |
|---|---|---|---|---|---|---|---|
| Why it's similar | This is the fund on this page. | BondsDistributingPhysicalCheaper 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. | BondsPhysical Tracks a different index in the same category. | BondsDistributingPhysical Tracks a different index in the same category. | BondsDistributingPhysicalCheaper fee Tracks a different index in the same category. |
| Index tracked | J.P. Morgan Euro CLOIE AAA Index | Bloomberg Barclays Euro Corporate Bond Index | Bloomberg Barclays Euro Corporate Bond Index | Markit iBoxx Euro Liquid High Yield Index | Markit iBoxx Euro Liquid High Yield Index | Markit iBoxx Euro Liquid High Yield Index | Bloomberg 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 cost | 0.25% | 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 |
| Domicile | Ireland | Ireland | 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. | +5.6% | +4.8% | +0.2% | +4.8% | |||
| 5-yr return p.a. | +0.9% | +0.2% | -2.5% | +0.2% | |||
| # holdings | 101 | 4,156 | 4,156 | 675 | 675 | 675 | 3,222 |
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