ETF · Invesco
ICLA Invesco USD AAA CLO UCITS ETF AccumHedged GBP
ISIN IE0006MHC136London Stock Exchange: ICLAInvesco Ltd.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Accumulating
- GBP hedged
Latest close
LSE£17.18
on
- Ongoing charge
- 0.41% a year
- Fund size
- £518m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, ICLA (Invesco USD AAA CLO UCITS ETF AccumHedged GBP, ISIN IE0006MHC136) closed at £17.18 on the London Stock Exchange. Its ongoing charge is 0.41% a year (about £41 on £10,000). Over the year to 13/11/2026 its total return was +4.2%, or +0.5% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +4.2%
- +0.5% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco Markets II PLC - Invesco USD AAA CLO UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +4.2%. Returns of Invesco Markets II PLC - Invesco USD AAA CLO UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +4.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +4.2% | +0.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +4.8% | +1.1% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
2.1%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since May 2025
- None of 2% or more
- Below its highest weekly close since May 2025
- 0.0%
- High of , latest
In words: Volatility of Invesco Markets II PLC - Invesco USD AAA CLO UCITS ETF AccumHedged GBP in pounds, annualised from weekly returns to 13/11/2026: 2.1% over 1 year. No fall of 2% or more in the price of Invesco Markets II PLC - Invesco USD AAA CLO UCITS ETF AccumHedged GBP since May 2025, in pounds, to 13/11/2026. On 13/11/2026 the price of Invesco Markets II PLC - Invesco USD AAA CLO UCITS ETF AccumHedged GBP was at its highest weekly close since May 2025, in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.41%
- a year
- On £10,000
- £41
- a year, roughly
- Over five years
- £203
- of £10,000, before growth
- 337 charge less
- 1 the same
- 89 charge more
Ongoing charge of Invesco Markets II PLC - Invesco USD AAA CLO UCITS ETF AccumHedged GBP 0.41% a year. Compared on 14/11/2026, 89 of the 427 other corporate and other bond funds charge more, 1 the same and 337 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Markets II PLC - Invesco USD AAA CLO UCITS ETF AccumHedged GBP is an exchange-traded fund (ETF) from Invesco, launched in 2025.
It tracks the No Underlying Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.41% a year — about £41 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Terms:ETFUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- ICLA
- ISIN
- IE0006MHC136
- Provider
- Invesco
- Tracks
- No index — the manager chooses the holdings
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.41% a year · about £41 on £10,000
- Fund size
- £518m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Corporate & other bonds
Price chart
Over the last year, the closing price went from £16.40 on 14/11/2025 to £17.18 on 13/11/2026 (+4.8%). The lowest close shown was £16.40 on 14/11/2025 and the highest £17.19 on 30/10/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
73 weekly closes, from 23/05/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 135
- on record
- Ten largest
- 29.9%
- of the whole fund
- Effective number of holdings
- 63
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 4.5%
- Neuberger Berman Loan Advisers CLO FRN 23/04/38
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Neuberger Berman Loan Advisers CLO FRN 23/04/38 | 4.47% |
| 2 | Cash and/or Derivatives | 3.98% |
| 3 | Captree Park CLO Ltd FRN 20/07/37 | 3.23% |
| 4 | OCP CLO 2020-20 Ltd FRN 18/04/37 | 2.81% |
| 5 | Golub Capital Partners CLO 19B-R3 FRN 20/10/36 | 2.68% |
| 6 | Symphony CLO 30 Ltd FRN 20/10/37 | 2.60% |
| 7 | Symphony Clo 47 Ltd FRN 20/04/38 | 2.60% |
| 8 | Ares Direct Lending CLO 8 LLC FRN 20/01/39 | 2.59% |
| 9 | OWL Rock CLO XXV LLC FRN 22/07/36 | 2.53% |
| 10 | AGL CLO 23 Ltd FRN 20/04/38 | 2.46% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By type of asset
- Bonds96.0%
- Cash and money market4.0%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
All holdings
The fund publishes 135 holdings; the ten largest make up 29.9% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free account
Create a free account to see the risk ratios
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Questions people ask
What is the ongoing charge of ICLA?
The ongoing charge of ICLA is 0.41% a year — about £41 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco Markets II PLC - Invesco USD AAA CLO UCITS ETF AccumHedged GBP 0.41% a year. Compared on 14/11/2026, 89 of the 427 other corporate and other bond funds charge more, 1 the same and 337 less (share classes counted once).
Is ICLA accumulating or distributing?
ICLA is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of ICLA?
The ISIN of ICLA is IE0006MHC136. An ISIN identifies one exact share class of a fund; ICLA is its ticker on the London Stock Exchange.
What does ICLA hold?
As of 12/11/2026, ICLA holds 135 positions, according to its published holdings. The largest is Neuberger Berman Loan Advisers CLO FRN 23/04/38 at 4.47% of the fund; the ten largest make up 29.9%. Its ten largest holdings are Neuberger Berman Loan Advisers CLO FRN 23/04/38 (4.47%), Cash and/or Derivatives (3.98%), Captree Park CLO Ltd FRN 20/07/37 (3.23%), OCP CLO 2020-20 Ltd FRN 18/04/37 (2.81%), Golub Capital Partners CLO 19B-R3 FRN 20/10/36 (2.68%), Symphony CLO 30 Ltd FRN 20/10/37 (2.60%), Symphony Clo 47 Ltd FRN 20/04/38 (2.60%), Ares Direct Lending CLO 8 LLC FRN 20/01/39 (2.59%), OWL Rock CLO XXV LLC FRN 22/07/36 (2.53%) and AGL CLO 23 Ltd FRN 20/04/38 (2.46%).
What were ICLA’s returns in each of the last five years?
Calendar-year returns of ICLA in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +4.2%. Past performance is not a guide to future returns.
How has ICLA done after inflation?
Over the year to 13/11/2026 ICLA’s total return was +4.2%, or +0.5% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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