CLOA – iShares AAA CLO Active ETF – ETF Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to provide capital preservation and current income by investing principally in a portfolio composed of U.S. dollar-denominated AAA‑rated collateralized loan obligations (“CLOs”). 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
CLOA	iShares AAA CLO Active ETF	ETF	Open			Jan 10, 2023	$2.81B	0.200%	—	—	$1.37B

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