# Invesco USD AAA CLO UCITS ETF AccumUSD (ICLX) **Page:** https://fundology.uk/fund/iclx · ISIN IE0008GO35B5 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, ICLX (Invesco USD AAA CLO UCITS ETF AccumUSD, ISIN IE0008GO35B5) closed at £16.46 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the year to 13/11/2026 its total return was +6.1%, or +2.4% after UK CPIH inflation. ## Summary Invesco USD AAA CLO UCITS ETF AccumUSD 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 0.35% a year — about £35 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. Latest close: **£16.46** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | ICLX | | ISIN | IE0008GO35B5 | | Also listed as | ICLU (London Stock Exchange, US dollars), UCLA (Xetra, euros) | | Category | Corporate & other bonds | | Type | ETF | | Provider | Invesco | | Income | Accumulating | | Ongoing charge | 0.35% a year (£35 per £10,000) | | Launched | 2025 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/02/2025 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +6.13% | +2.37% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco USD AAA CLO UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +6.4%. Returns of Invesco USD AAA CLO UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +6.4% | +3.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.71% | -3.50% | ## Largest fall Volatility of Invesco USD AAA CLO UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 5.7% over 1 year. Largest fall in the price of Invesco USD AAA CLO UCITS ETF AccumUSD since February 2025, in pounds: −6.9% from 28/02/2025 to 27/06/2025. On 13/11/2026 the price of Invesco USD AAA CLO UCITS ETF AccumUSD was at its highest weekly close since February 2025, in pounds. ## Charges compared with similar funds Ongoing charge of Invesco USD AAA CLO UCITS ETF AccumUSD 0.35% a year. Compared on 14/11/2026, 116 of the 427 other corporate and other bond funds charge more, 18 the same and 293 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.35%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 12/11/2026, ICLX 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%. ### Top holdings Largest positions (as of 12/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 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% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By type of asset Added up from the fund’s published holdings, as of 05/11/2026. | Type of asset | Weight | |---|---| | Bonds | 93.7% | | Cash and money market | 6.3% | All 135 holdings: https://fundology.uk/fund/iclx/holdings ## Questions people ask **What is the ongoing charge of ICLX?** The ongoing charge of ICLX is 0.35% a year — about £35 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 USD AAA CLO UCITS ETF AccumUSD 0.35% a year. Compared on 14/11/2026, 116 of the 427 other corporate and other bond funds charge more, 18 the same and 293 less (share classes counted once). **Is ICLX accumulating or distributing?** ICLX 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 ICLX?** The ISIN of ICLX is IE0008GO35B5. An ISIN identifies one exact share class of a fund; ICLX is its ticker on the London Stock Exchange. The same share class is also listed as ICLU (London Stock Exchange, US dollars) and UCLA (Xetra, euros). **What does ICLX hold?** As of 12/11/2026, ICLX 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 ICLX’s returns in each of the last five years?** Calendar-year returns of ICLX in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +6.4%. Past performance is not a guide to future returns. **How has ICLX done after inflation?** Over the year to 13/11/2026 ICLX’s total return was +6.1%, or +2.4% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.