Invesco EUR AAA CLO UCITS ETF GBP Hedged Accumulating (CLOX)

Profile

Invesco EUR AAA CLO UCITS ETF GBP Hedged Accumulating is an actively managed exchange-traded fund that invests primarily in top-rated tranches of euro-denominated collateralised loan obligations (CLOs). Its main objective is to deliver consistent income and capital preservation over the long term by focusing on CLO securities, with at least 80% of holdings rated AAA and the remainder primarily in AA-rated, investment-grade debt. CLOs are securitized portfolios of senior secured leveraged loans, and this fund allocates primarily to the most creditworthy slices—offering a distinctive combination of high credit quality and floating-rate interest payments. The fund employs a GBP currency hedge to minimize the impact of EUR/GBP fluctuations for sterling-based investors. As part of its diversification strategy, it invests across CLOs of different vintages and issuers, providing exposure to a unique segment within corporate fixed income. This ETF appeals to institutional and professional investors seeking an alternative to traditional high-grade bonds, due to its low interest rate sensitivity and historically low correlation with broader fixed income markets, within a UCITS-compliant structure designed for European investors.