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Upturn AI SWOT - About
BlackRock AAA CLO ETF (CLOA)
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Upturn Advisory Summary
04/01/2025: CLOA (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Analysis of Past Performance
Type ETF | Historic Profit 14.03% | Avg. Invested days 452 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 254700 | Beta - | 52 Weeks Range 48.77 - 51.87 | Updated Date 04/1/2025 |
52 Weeks Range 48.77 - 51.87 | Updated Date 04/1/2025 |
Upturn AI SWOT
BlackRock AAA CLO ETF
ETF Overview
Overview
The BlackRock AAA CLO ETF (CLOA) provides targeted exposure to the AAA-rated tranche of the U.S. CLO market. Its investment strategy focuses on high-quality, floating-rate CLOs, aiming to generate income and mitigate interest rate risk.
Reputation and Reliability
BlackRock is one of the world's largest asset managers, known for its reliability and robust risk management.
Management Expertise
BlackRock's management team possesses extensive experience in structured credit and fixed-income investments.
Investment Objective
Goal
The primary investment objective is to seek current income by investing primarily in U.S. dollar-denominated AAA-rated CLOs.
Investment Approach and Strategy
Strategy: The ETF actively manages a portfolio of AAA-rated CLOs.
Composition The ETF holds primarily AAA-rated CLOs. A small portion may be held in cash or other short-term investments.
Market Position
Market Share: Data not readily available for specific market share within AAA CLO ETFs.
Total Net Assets (AUM): 79380000
Competitors
Key Competitors
- Eaton Vance Senior Income Trust (EVF)
- Invesco Senior Income Trust (VVR)
Competitive Landscape
The competitive landscape includes various closed-end funds and ETFs focusing on senior loans and CLOs. CLOA's advantage lies in its specific focus on AAA-rated CLOs, potentially offering lower credit risk. However, closed-end funds like EVF and VVR might have higher leverage or different credit risk profiles, affecting returns.
Financial Performance
Historical Performance: Historical performance data requires specific time frame analysis and is subject to change. Refer to official fund documentation.
Benchmark Comparison: Requires detailed benchmark analysis. Typically, CLOA would be compared to a AAA CLO index.
Expense Ratio: 0.48
Liquidity
Average Trading Volume
Average trading volume is moderate and varies depending on market conditions.
Bid-Ask Spread
The bid-ask spread is usually tight, reflecting the ETF's relatively liquid nature.
Market Dynamics
Market Environment Factors
Economic growth, interest rate movements, and credit market conditions significantly influence CLOA's performance.
Growth Trajectory
Growth depends on investor demand for CLO exposure and the availability of AAA-rated CLOs. There have been no significant strategy or holdings changes recently.
Moat and Competitive Advantages
Competitive Edge
BlackRock's brand recognition, established distribution network, and expertise in structured credit provide a competitive advantage. The focus on AAA-rated CLOs offers a potentially safer approach compared to broader CLO investments. CLOA offers investors exposure to a complex asset class managed by a seasoned firm. The ETF structure provides daily liquidity and transparency.
Risk Analysis
Volatility
Volatility is generally lower compared to equity ETFs but higher than investment-grade bond ETFs due to the structured nature of CLOs.
Market Risk
Market risk includes credit spread widening, potential downgrades, and liquidity risk within the CLO market. Interest rate risk is mitigated by the floating-rate nature of the CLOs.
Investor Profile
Ideal Investor Profile
The ideal investor is risk-averse, seeking income, and comfortable with the complexities of structured credit. They should have a long-term investment horizon.
Market Risk
CLOA is more suitable for long-term investors seeking income diversification within a fixed-income portfolio. It is not ideal for active traders seeking short-term gains due to the illiquidity of underlying assets.
Summary
The BlackRock AAA CLO ETF offers a targeted approach to investing in AAA-rated CLOs, providing income potential with relatively lower credit risk. BlackRock's management expertise and established reputation support the fund's credibility. However, investors should carefully consider the complexities and inherent risks of CLOs before investing. Its focus on AAA-rated assets positions it as a moderate-risk option within the structured credit market.
Similar Companies
CLOZ
Panagram Bbb-B Clo ETF
CLOZ
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JAAA
Janus Detroit Street Trust - Janus Henderson AAA CLO ETF
JAAA
Janus Detroit Street Trust - Janus Henderson AAA CLO ETF
SRLN
SPDR Blackstone Senior Loan ETF
SRLN
SPDR Blackstone Senior Loan ETF
Sources and Disclaimers
Data Sources:
- BlackRock Official Website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and professional advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BlackRock AAA CLO ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in U.S. dollar-denominated CLOs that are, at the time of purchase, rated AAA (or equivalent) by at least one of the major rating agencies or, if unrated, determined by the fund management team to be of similar quality. The fund may invest in CLOs of any maturity. It is non-diversified.
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