Fixed Income

CLOA

BlackRock AAA CLO ETF ACTIVE

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
9.07 - - - 8.66
Market Price (%) 8.91 - - - 8.73
Benchmark (%) 8.77 - - - 8.46
After Tax Pre-Liq. (%) 6.35 - - - 6.20
After Tax Post-Liq. (%) 5.29 - - - 5.53
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.91 0.48 1.91 4.18 9.07 - - - 10.68
Market Price (%) 1.86 0.39 1.86 3.97 8.91 - - - 10.77
Benchmark (%) 1.84 0.53 1.84 4.07 8.77 - - - 10.44
After Tax Pre-Liq. (%) 1.53 0.29 1.53 2.89 6.35 - - - 7.62
After Tax Post-Liq. (%) 1.13 0.29 1.13 2.46 5.29 - - - 6.80
  2019 2020 2021 2022 2023
Total Return (%) - - - - -
Market Price (%) - - - - -
Benchmark (%) - - - - -
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund as of Apr 12, 2024 $211,395,176
Fund Launch Date Jan 10, 2023
Exchange NASDAQ
Asset Class Fixed Income
Benchmark Index JP Morgan CLOIE AAA Index (USD)
Shares Outstanding as of Apr 12, 2024 4,100,000
Distribution Frequency Monthly
Premium/Discount as of Apr 12, 2024 0.20%
CUSIP 092528504
Closing Price as of Apr 12, 2024 51.67
30 Day Avg. Volume as of Apr 12, 2024 121,999.00
30 Day Median Bid/Ask Spread as of Apr 12, 2024 0.02%
Daily Volume as of Apr 12, 2024 99,082.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Apr 11, 2024 119
Equity Beta (3y) as of - -
30 Day SEC Yield as of Apr 11, 2024 6.56%
12m Trailing Yield as of Apr 11, 2024 6.16%
Standard Deviation (3y) as of - -
Unsubsidized 30-Day SEC Yield as of Apr 11, 2024 6.55%
Average Yield to Maturity as of Apr 11, 2024 6.99%
Weighted Avg Coupon as of Apr 11, 2024 6.96
Weighted Avg Maturity as of Apr 11, 2024 2.68 yrs
Effective Duration as of Apr 11, 2024 0.04 yrs
Option Adjusted Spread as of Apr 11, 2024 142.24 bps
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in the investment research, portfolio construction, and investment monitoring phases of the investment process. The Fund manager maintains internal ESG scorecards for certain issuers under consideration for investment and certain existing issuers of publicly traded securities. These scorecards analyze and track internal and external research views across a range of environmental, social, and governance factors sourced from primary and third-party ESG information and research. Portfolio management teams may consider the sector and issuer ESG views and scores during portfolio construction. The Fund manager also considers ESG criteria during post-investment monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, where appropriate.

Fees

Fees

as of current prospectus
Management Fee 0.20%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.20%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Holdings

Holdings

as of Apr 11, 2024
Issuer Weight (%)
APID_33A-AR 2.40
SIXST_21-17A-A 2.05
RAD_23-22A-A1 1.96
BSP_20-21A-A1R 1.93
GCBSL_20-48A-A1 1.93
Issuer Weight (%)
ELMW4_20-1A-A 1.92
AGL_21-12A-A1 1.92
ELMW8_21_1A-AR 1.90
VYSPK_1R-AR 1.77
HLSY_7-A1 1.64
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Accrual Date Effective Date
Holdings are subject to change.



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Apr 11, 2024

% of Market Value

Type Fund
as of Apr 11, 2024

% of Market Value

Type Fund
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of Apr 11, 2024

% 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.

Portfolio Managers

Portfolio Managers

Saffet Ozbalci
Managing Director

Saffet Ozbalci, Managing Director, is Head of Structured Credit and CLO Investment Team within Fundamental Fixed Income.

Peter Hirsh
Director

Peter Hirsh, Director, is a member of BlackRock’s Fundamental Fixed Income platform.

Nidhi Patel
Director

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

Literature

Literature

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