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CLOB VanEck AA-BB CLO ETF Please read important disclosure Close important disclosure false

CLOB
VanEck AA-BB CLO ETF

CLOB
VanEck AA-BB CLO ETF

  • NAV
    $50.20

    as of October 04, 2024
  • Performance since inception
    0.41%

    as of October 04, 2024
  • Total Net Assets
    $25.10M

    as of October 04, 2024
  • Total Expense Ratio
    0.45%
  • Inception Date
    09/24/2024
  • 30-Day SEC Yield
    --

Fund Description

The VanEck AA-BB CLO ETF (CLOB) is an actively managed ETF, sub-advised by PineBridge Investments, seeking capital preservation and current income. It invests primarily in AA to BB rated tranches of collateralized loan obligations (“CLOs”) of any maturity.

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Overview

Fund Highlights

  • Identifies attractive opportunities in mezzanine CLOs

  • Yield pickup versus similarly rated corporate bonds and loans with built-in protection against credit loss

Performance

Fees

Holdings

Portfolio

Credit Quality (%)† as of 09/30/2024

Composite % of Net
Assets
Investment Grade AA 35.14
BBB 21.40
Non-Investment Grade BB 9.60
Total Investment Grade -- 56.54
Total Non-Investment Grade -- 9.60
Not Rated -- 33.86

Maturity (%) as of

Distributions

Team

Literature

CLOB