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About Invesco Actively Managed Exchange-Traded Fund Trus Invesco AAA CLO Floating Rate Note ETF
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Inception date
Dec 9, 2022
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ICLO actively invests in floating rate notes issued by CLOs rated AAA or of equivalent quality. Notes may be of any maturity, collateralized by a pool of loans, and purchased from both the primary and secondary markets. Making use of the sub-adviser's experience as a CLO issuer/manager, selection utilizes a top-down, macroeconomic-driven investment approach and a fundamental bottom-up approach. Setting limits, up to 15% of assets may be invested in CLOs rated below AAA with a minimum rating of AA. No more than 20% may be denominated in non-US currencies. Fixed-rate CLO securities are limited to 15%. While the fund primarily invests in CLOs whose underlying loan collateral comprise broadly syndicated loans, up to 15% of assets can be invested in those with loan collateral composed of middle-market loans (i.e., loans with offering sizes below $250 million). The fund may invest in currency forward or futures contracts to hedge any non-US currency exposure.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized91.72%
Corporate3.89%
Mutual fund2.11%
Cash1.23%
Miscellaneous1.05%
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