Fixed Income

CLOR

iShares $ AAA CLO Active UCITS ETF ACTIVE

  • NAV as of 09-Feb-26 USD 1,032.39
  • 1 Day NAV Change as of 09-Feb-26 USD -0.03 (0.00%)
  • NAV Total Return as of 06-Feb-26 YTD: 0.62%
  • Weighted Average YTM as of 05-Feb-26 4.97%

Overview

WHY CLOR?

  1. The Fund is actively managed.
  2. The Fund will invest a minimum of 80% in AAA-rated CLOs and may invest up to 20% in tranches of CLOs rated at least A-.
  3. The investment manager has discretion to select the Fund’s investments without reference to a benchmark. Investors may use the J.P. Morgan CLOIE AAA Index to compare the performance of the Fund.

INVESTMENT OBJECTIVE

The Fund aims to provide a total return, comprising income and capital, by investing in a portfolio predominantly of Dollar-denominated AAA-rated collateralized loan obligations (CLOs). The Fund is not suitable for retail investors unless the investor in question qualifies as an "advanced investor" as prescribed by the European MiFID Template (EMT), being an investor who has good knowledge of relevant financial products and transactions and/or has financial industry experience or whose investment is accompanied by professional investment advice or included in a discretionary portfolio service.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Collateralised Loan Obligations are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets.Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Non-investment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company
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Performance

Performance

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets
as of 09-Feb-26
USD 58,608,024
Inception Date
18-Jul-25
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.25%
Use of Income
Accumulating
Domicile
Ireland
Issuing Company
iShares II plc
Administrator
BNY Mellon Fund Services (Ireland) Designated Activity Company
Fiscal Year End
31 October
Net Assets of Fund
as of 09-Feb-26
USD 58,608,024
Fund Launch Date
18-Jul-25
Base Currency
USD
Comparator Benchmark 1
JP Morgan CLOIE AAA Index (USD)
Shares Outstanding
as of 09-Feb-26
56,769
ISIN
IE000GW790Q8
Securities Lending Return
-
UCITS
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
The Bank of New York Mellon SA/NV, Dublin Branch
Bloomberg Ticker
CLOR PA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 06-Feb-26
45
Weighted Average YTM
as of 05-Feb-26
4.97%
Weighted Avg Maturity
as of 05-Feb-26
4.44
Standard Deviation (3y)
as of -
-
Weighted Avg Coupon
as of 05-Feb-26
5.07
Effective Duration
as of 05-Feb-26
0.20

Ratings

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Saudi Arabia

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 06-Feb-26
Issuer Weight (%)
RRAM_18-R-1AR 6.03
PIPK_18-A1 4.29
FLAT_20-1ARR-A1R 3.76
WWICK_24-4A-A1 3.61
TREST_25-9A-A1 3.48
Issuer Weight (%)
BCC_25-4A-A1 3.47
OCP_25-45-A 3.47
APID_23_46A-A1R 3.47
ARIN_3A-A 3.47
AGL_21_11A-A1R 3.44
Issuer Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Market Currency Effective Date Strike price
Detailed Holdings and Analytics
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 06-Feb-26

% of Market Value

Type Fund
as of 06-Feb-26

% of Market Value

Type Fund
as of 06-Feb-26

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Securities Lending

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

Lending Summary not available as there is less than one year's performance data
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of -
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Location
Download Collateral Snapshot
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.
The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.
Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Nyse Euronext - Euronext Paris CLOR USD 24-Jul-25 BVPMSW5 CLOR PA CLOR.PA
SIX Swiss Exchange CLOR USD 04-Sep-25 BS49B05 CLOR SE CLOR.S

Portfolio Managers

Portfolio Managers

Nidhi Patel
Nidhi Patel
Director

Nidhi Patel, Director, is a member of BlackRock’s Fundamental Fixed Income platform.

Read More

Nidhi Patel, Director, is a member of BlackRock’s Fundamental Fixed Income platform. She is a portfolio manager for CLOs, responsible for research, selection, and trading of third-party CLOs managed on behalf of client separately managed accounts and CLO allocations for various BlackRock funds.

 

Prior to joining BlackRock, she held a similar role at MKP Capital Management where she worked for 9 years in various securitized asset classes. Earlier in her career, Nidhi worked at Deloitte & Touche where she was a Senior Auditor focused on CLO/CDO advisory and, prior to that, was an Auditor at Arthur Andersen.

 

Ms. Patel earned a BS degree in Accounting from Binghamton University School of Management and is a licensed CPA in New York.

Saffet Ozbalci
Saffet Ozbalci
Managing Director, Global Head of Structured Credit

Saffet Ozbalci, Managing Director, Global Head of Structured Credit within BlackRock’s Fundamental Fixed Income platform.

Read More

Saffet Ozbalci, Managing Director, Global Head of Structured Credit within BlackRock’s Fundamental Fixed Income platform. He is responsible for leading BlackRock’s CLO investing and broadly syndicated CLO management businesses.

 

Prior to joining BlackRock in 2012, Mr. Ozbalci was Head of CLO Trading at BNP Paribas. Previously, Mr. Ozbalci was a portfolio manager at Barclays Global Investors (BGI), primarily responsible for investments in securitized assets including ABS, RMBS, CLO and CDOs. In his previous role, he was the lead portfolio manager at Securities Finance Trust Company, primarily focusing on securitized assets and portfolio structuring.

 

Mr. Ozbalci earned a BS degree in Civil Engineering from Middle East Technical University and an MBA/MS degree in Finance from Boston College.

Tyler Debussey
Tyler Debussey
Director

Tyler Debussey, Director, is a portfolio manager and trader on the CLO investment team within BlackRock's Global Fixed Income group.

Read More

Tyler Debussey, Director, is a portfolio manager and trader on the CLO investment team within BlackRock's Global Fixed Income group.

 

Prior to this role, Tyler was a portfolio manager on the CorePM-Securitized team within the Global Fixed Income group, managing portfolio allocations and strategies of Structured Products across the Fixed Income platform with a focus on FIG and Short Duration mandates.

 

Tyler started his career in BlackRock Solutions, most recently as a member of the Product Marketing team within Aladdin Product Services and was responsible for driving user education, product deployment, business development, and feature adoption of AnSer, Aladdin's comprehensive risk analytics tool.

 

Tyler earned a B.S.E. degree in Mechanical Engineering from the University of Wisconsin-Madison.

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment USD 10,000
Scenarios
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
9,430 USD
-5.7%
9,140 USD
-1.8%

Unfavourable

What you might get back after costs
Average return each year
9,430 USD
-5.7%
9,340 USD
-1.4%

Moderate

What you might get back after costs
Average return each year
9,970 USD
-0.3%
9,730 USD
-0.6%

Favourable

What you might get back after costs
Average return each year
10,520 USD
5.2%
10,250 USD
0.5%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature