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CLOA
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BlackRock AAA CLO ETF (CLOA)

Upturn stock ratingUpturn stock rating
$51.71
Delayed price
Profit since last BUY14.03%
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SELL
SELL since 3 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

03/27/2025: CLOA (1-star) is a SELL. SELL since 3 days. Profits (14.03%). Updated daily EoD!

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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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 SELL
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
ETF Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/27/2025

Key Highlights

Volume (30-day avg) 257822
Beta -
52 Weeks Range 48.75 - 51.87
Updated Date 03/27/2025
52 Weeks Range 48.75 - 51.87
Updated Date 03/27/2025

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BlackRock AAA CLO ETF

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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

  • JAAA
  • SRLN
  • CLOZ
  • FLOT

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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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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