iShares AAA CLO Active ETF

At the top of the CLO capital structure sit the AAA-rated tranches, first in line to be paid and last to take losses, and this iShares fund buys only those. BlackRock manages it actively, picking US-dollar CLO bonds rated AAA rather than following a fixed index. CLOs bundle hundreds of floating-rate corporate loans and carve them into layers by risk; the senior AAA layer has held up even through past credit crises, which is the pitch here. Because the underlying loans float, the fund's income rises and falls with short-term rates, giving buyers a way to earn more than Treasury bills while staying at the highest credit rating. It launched in 2023 and drew fast inflows from investors wanting yield without stretching down the credit ladder.

On MyRWA, CLOA trades tokenized across 1 on-chain venue - see the listings below.