CLOA UCITS Equivalent: ICLU
CLOA (iShares AAA CLO Active ETF, iShares) is a US-listed ETF you can't buy from Europe. Its closest UCITS equivalent is ICLU — Invesco USD AAA CLO UCITS ETF (Acc) — a 90% match by index, holdings and cost.
CLOA vs ICLU: side-by-side
| CLOA (US) | ICLU (UCITS) | |
|---|---|---|
| Fund | iShares AAA CLO Active ETF | Invesco USD AAA CLO UCITS ETF Accumulating |
| Strategy | AAA-rated CLOs · US active | AAA-rated CLO tranches |
| Domicile | United States | Ireland |
| Ongoing charge (TER) | — | 0.25% |
| Income | Distributing (monthly) | Accumulating (reinvests income) |
| Trailing yield | 5.8% | — (accumulating) |
| Trading currency | USD | USD |
| Fund size | — | 22M |
| Buyable by EU/UK retail investors | Usually blocked (no PRIIPs KID) | Yes |
| US estate-tax exposure (non-US investors) | Yes, above $60k | No |
| US dividend withholding | Withheld on each payout (15% with a W-8BEN, else 30%) | 15% inside the fund (Ireland–US treaty), nothing extra to you |
UCITS data from UCITSIncome, updated October 2026. CLOA figures are indicative.
About CLOA
Other UCITS alternatives to CLOA
Why you can't buy CLOA in Europe
US-domiciled ETFs like CLOAdon't publish the EU “KID” disclosure document required by the PRIIPs regulation, so European and other non-US brokers block the order. It isn't illegal — you simply buy the UCITS equivalent (ICLU) instead. UCITS funds are also more tax-efficient for non-US investors: lower US dividend withholding and no US estate-tax exposure. Read the full explanation →
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Similar US ETF equivalents
Matches are based on the underlying index, holdings overlap and cost, sourced from UCITSIncome data. Information only — not financial advice. Always do your own research before investing.