Highlights

  • CLOA uses active portfolio management.
  • The fund reported 465 holdings on 4 November 2026.
  • Net Assets were approximately USD 2.81 billion on 5 November 2026.
  • The expense ratio is 0.20%, with monthly distributions listed.

iShares CLOA (NASDAQ:CLOA) uses an active strategy focused on collateralised Loan obligations. CLOA closed at USD 51.80 on 4 November 2026. Net assets were approximately USD 2.81 billion on 5 November 2026. The fund’s Investment universe and the weight of its individual positions define the exposure available through its shares.

Investment mandate and underlying exposure

The fund invests in U.S. dollar-denominated collateralised loan obligations through an actively managed strategy. These are structured Credit securities backed by loan portfolios. Their payment arrangements and structural protections differ from those of a conventional Corporate Bond issued by one operating company.

The disclosed portfolio includes numerous securitised positions and a Money Market holding. Small weights in individual securities can spread exposure across transactions, while underlying loan borrowers and common credit conditions may create connections between positions. Transaction count is therefore only one measure of portfolio breadth.

Holdings weights and portfolio structure

As of 4 November 2026, The money market holding represented 1.51%; Securitised position 1 represented 0.92%; Securitised position 2 represented 0.89%; Securitised position 3 represented 0.89%; Securitised position 4 represented 0.87%; Securitised position 5 represented 0.87%.

The portfolio reported an effective duration of 0.21 yrs as of 4 November 2026. Duration measures sensitivity to Interest Rate changes; it is different from the date on which an individual bond matures. Holdings are individual securities or other portfolio positions. Several securities can relate to the same issuer, so the reported holdings count should not be read as an equivalent number of independent borrowers.

Fund costs distributions and risks

The listed expense ratio is 0.20%, and distributions are scheduled monthly. Fund distributions can vary with portfolio income and other relevant cash flows. The expense ratio describes a fund-level cost; trading shares can also involve Transaction Costs and a difference between the prices available to buyers and sellers.

Loan defaults, changes in credit conditions and limited trading Liquidity can affect structured credit securities. Their complexity requires attention to the terms of each transaction. Active selection does not eliminate the possibility of losses, and a low interest rate sensitivity measure does not remove credit or liquidity risk.

Key Insights

CLOA provides a defined exposure through active portfolio selection. The disclosed portfolio includes numerous securitised positions and a money market holding. The 465 reported holdings, their individual weights and the 0.20% expense ratio are relevant to interpreting the portfolio. The mandate and underlying instruments determine which economic risks remain shared across otherwise separate positions.