CLOI
VanEck CLO ETF
CLOI
VanEck CLO ETF
CLOI
VanEck CLO ETF
CLOI
VanEck CLO ETF
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NAV$52.69
as of April 15, 2024 -
YTD RETURNS2.70%
as of April 15, 2024 -
Total Net Assets$295.05M
as of April 15, 2024 -
Total Expense Ratio0.40%
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Inception Date06/21/2022
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30-Day SEC Yield6.58%
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
(Source: J.P. Morgan and ICE Data Services)
- Actively managed by PineBridge, drawing on decades of CLO experience
Meet PM Laila Kollmorgen