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CLOI VanEck CLO ETF Please read important disclosure Close important disclosure false

CLOI
VanEck CLO ETF

CLOI
VanEck CLO ETF

  • NAV

    $51.20

    as of June 05, 2023
  • YTD RETURNS

    3.27%

    as of June 05, 2023
  • Total Net Assets

    $81.93M

    as of June 05, 2023
  • Total Expense Ratio

    0.40%
  • Inception Date

    06/21/2022
  • 30-Day SEC Yield

    6.41%

CLOI Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least May 1, 2024. “Other Expenses” have been restated to reflect current fees.

Fund Description

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

Overview

Fund Highlights

  • Portfolio of investment grade floating rate CLOs with limited exposure to rising rates

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

  • Actively managed by PineBridge, drawing on decades of CLO experience
**Source: J.P. Morgan and ICE Data Services.

Performance

Fees

Holdings

Portfolio

Distributions

Team

Literature

CLOI