Invesco AAA CLO Floating Rate Note ETF(ICLO · ETF)

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ICLO
Snapshot
Info

Invesco AAA CLO Floating Rate Note ETF (ICLO) ETF

Exchange
BATS
Inception
2022-12-09
Has Options
No
ETF Profile
holdings as of 2026-07-22
Holdings
169
AUM
$529.0M
Provider
Invesco
Inception
2022-12-09
Exchange
BATS
Data As Of
2026-07-22
Expense Ratio
Dividend Yield
4.97%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-07-20 2026-07-24 $0.1031 CD
2026-06-22 2026-06-26 $0.0957 CD
2026-05-18 2026-05-22 $0.0945 CD
2026-04-20 2026-04-24 $0.0915 CD
2026-03-23 2026-03-27 $0.0995 CD
2026-02-23 2026-02-27 $0.1040 CD
Asset Allocation
Top Holdings
top 50 of 169 holdings
Symbol Name Weight % Asset Class Country
USD CURRENCY CASH 9.07% Derivative
IUGXX Invesco Premier US Government Money Portfolio 5.06% Cash/Money Market
ELM29 Elmwood CLO 29 Ltd 3.79% MBS/ABS
EUR CURRENCY CASH 2.96% Derivative
EUR CURRENCY CASH 2.96% Derivative
USD CURRENCY CASH 2.96% Derivative
EUR CURRENCY CASH 2.96% Derivative
USD CURRENCY CASH 2.96% Derivative
USD CURRENCY CASH 2.96% Derivative
ABPCI ABPCI Direct Lending Fund CLO XVII LLC 2.84% MBS/ABS
BABSE Barings Euro CLO 2024-1 DAC 2.59% MBS/ABS
OHALF OHA Loan Funding 2013-1 Ltd 1.91% MBS/ABS
GCBSL Golub Capital Partners CLO 52 B R Ltd 1.90% MBS/ABS
AGL AGL CLO 30 Ltd 1.89% MBS/ABS
CGMS CARLYLE US CLO 2019-4 LTD 1.89% MBS/ABS
SYMP Symphony CLO 30 Ltd 1.89% MBS/ABS
OR OWL Rock CLO XXV LLC 1.89% MBS/ABS
AGL AGL CLO 30 Ltd 1.89% MBS/ABS
CRNCL Cairn Clo XVI DAC 1.75% MBS/ABS
BLKMM BlackRock DLF X 2025-C CLO LP 1.71% MBS/ABS
CIFC CIFC Funding 2017-I Ltd 1.57% MBS/ABS
FIOS Sona Fios CLO II DAC 1.52% MBS/ABS
PIPK Pikes Peak Clo 16 Ltd 1.52% MBS/ABS
CGMS Carlyle US CLO 2022-3 Ltd 1.51% MBS/ABS
BLKMM Blackrock MT Lassen Clo XV LLC 1.42% MBS/ABS
PKBLU Park Blue CLO 2025-VII Ltd 1.39% MBS/ABS
BCC Bain Capital Credit CLO 2024-2 Ltd 1.23% MBS/ABS
PKBLU Park Blue CLO 2022-1 Ltd 1.21% MBS/ABS
MLFPK Milford Park CLO Ltd 1.17% MBS/ABS
USD CURRENCY CASH 1.14% Derivative
CEDF Cedar Funding IX CLO Ltd 1.14% MBS/ABS
OAKC OHA Credit Funding 17-R Ltd 1.14% MBS/ABS
BOBA Balboa Bay Loan Funding 2024-1 Ltd 1.14% MBS/ABS
ELMW3 Elmwood CLO III Ltd 1.14% MBS/ABS
NEUBE Neuberger Berman Loan Advisers Euro CLO 1.08% MBS/ABS
GLM GoldenTree Loan Management US CLO 16 Ltd 1.07% MBS/ABS
GRLPK Green Lakes Park CLO LLC 1.02% MBS/ABS
CRNCL Cairn CLO XIII DAC 0.97% MBS/ABS
GOCAP Golub Capital Partners CLO 61M 0.96% MBS/ABS
MAGNE Magnetite XVII Ltd 0.95% MBS/ABS
SIXST Sixth Street CLO XX Ltd 0.95% MBS/ABS
CEDF Cedar Funding XIV CLO Ltd 0.95% MBS/ABS
NEUBL Neuberger Berman Loan Advisers LaSalle Street Lending CLO II Ltd 0.95% MBS/ABS
CERB Cerberus Loan Funding XL LLC 0.95% MBS/ABS
NMC New Mountain CLO 8 Ltd 0.95% MBS/ABS
BCC Bain Capital Credit CLO 2025-4 Ltd 0.95% MBS/ABS
ELM29 Elmwood CLO 29 Ltd 0.95% MBS/ABS
OAKC Oak Hill Credit Partners X-R Ltd 0.94% MBS/ABS
OAKC OHA Credit Funding 7 Ltd 0.87% MBS/ABS
REG17 Regatta XVII Funding Ltd 0.87% MBS/ABS
Non-Equity Breakdown
Invesco High Yield Systematic Bond ETF · NPORT-P period 2026-10-31 (filed 2026-06-29)
Net assets: $162M · 490 total positions · equity 0.02% · non-equity 122.75%
Non-equity holdings — 487 positions, 122.75% of NAV
Category Weight Value Positions
Corporate 97.06% $157.7M 475
Short-term investment 25.00% $40.6M 3
US Treasury 0.37% $599306 2
Derivative (credit) 0.31% $504048 1
Derivative (interest rate) 0.01% $20297 6
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.19% 4
Feb +0.02% 4
Mar -0.33% 4
Apr +0.06% 4
May +0.02% 4
Jun +0.16% 4
Jul +0.08% 4
Aug -0.09% 3
Sep -0.05% 3
Oct -0.25% 3
Nov +0.05% 3
Dec -0.11% 4
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators
SMA 20: $25.59
SMA 50: $25.59
SMA 200: $25.57
Current: $25.55
EMA 12: $25.58
EMA 26: $25.59
MACD: -0.0091 | Signal: -0.0093
BULLISH
ADX (14): 22.05
WEAK TREND
+DI: 23.70
−DI: 18.62
Momentum Oscillators
RSI (14): 43.11
NEUTRAL
Stoch %K: 16.67
Stoch %D: 23.80
Williams %R: -73.08
Volume & Volatility
BB Upper: $25.66
BB Lower: $25.53
NEUTRAL
OBV: 10,153,963
Vol SMA 20: 98,600
Vol ROC: 16.63%
ATR: $0.05
True Range: $0.04
HV 20: 1.7%
HV 30: 2.2%
HV 60: 1.8%

Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-07-25T00:00:00 – 2026-07-23T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.02
Correlation (SPY)
15.2%
0.02
Ann. Volatility
1.9%
SPY Volatility
12.7%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month