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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
    $52.59

    as of April 10, 2026
  • YTD RETURNS
    0.91%

    as of April 10, 2026
  • Total Net Assets
    $1.31B

    as of April 10, 2026
  • Total Expense Ratio
    0.36%
  • Inception Date
    06/21/2022
  • 30-Day SEC Yield
    5.11%

Overview

Why CLOI

  • IG Floating Rate CLO ExposureProvides access to investment grade floating rate CLOs
  • Attractive Relative YieldYield pickup versus similarly rated corporate bonds and loans with structural credit protectionsSource: J.P. Morgan and ICE Data Services

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.

Yields  as of  04/10/2026


Distribution Frequency

Monthly


30-Day SEC Yield

5.11%


Distribution Yield

5.06%


12 Month Yield

5.40%

Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck CLO ETF would have been 5.11% on 04/10/26. Distributions may vary from time to time.

Performance

Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE 06/21/22
CLOI (NAV) -0.08 0.75 0.75 5.31 7.15 -- -- 7.22
CLOI (Market Price) -- 0.62 0.62 5.40 7.08 -- -- 7.20
J.P. Morgan CLO IG Index 0.15 0.92 0.92 5.53 7.41 -- -- 7.13
J.P. Morgan Collateralized Loan Obligation Index 0.06 0.74 0.74 5.51 7.78 -- -- 7.44
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE 06/21/22
CLOI (NAV) -0.08 0.75 0.75 5.31 7.15 -- -- 7.22
CLOI (Market Price) -- 0.62 0.62 5.40 7.08 -- -- 7.20
J.P. Morgan CLO IG Index 0.15 0.92 0.92 5.53 7.41 -- -- 7.13
J.P. Morgan Collateralized Loan Obligation Index 0.06 0.74 0.74 5.51 7.78 -- -- 7.44

Holdings

Daily Holdings (%) as of 04/09/2026

Download XLS Get holdings
Total Holdings: 157
Holding Name
% of Net Assets
Coupon
Maturity
Market Value (US$)
Anchorage Capital Clo 2026-22 Ltd
4.88
5.000
01/20/2039
63906586.03
Signal Peak Clo 4 Ltd
2.86
5.318
10/26/2034
37473274.70
Regatta Vi Funding Ltd
2.81
5.206
10/20/2038
36820371.50
Ocean Trails Clo Xv Ltd
2.70
4.932
01/15/2039
35299790.88
Cqs Us Clo 6 Ltd
2.66
--
03/31/2039
34869755.22
Neuberger Berman Loan Advisers Clo 38 L
2.06
5.068
10/20/2036
26969968.17
Octagon 64 Ltd
1.93
5.370
07/21/2037
25277216.10
Neuberger Berman Loan Advisers Clo 42 L
1.74
5.071
07/16/2036
22755656.28
Trinitas Clo Xix Ltd
1.73
4.778
10/20/2033
22700376.88
Sagard-Halseypoint Clo 10 Ltd
1.73
5.630
10/20/2038
22639886.78
Kkr Clo 36 Ltd
1.70
5.422
10/15/2034
22302830.20
United States Treasury Bill
1.64
--
05/19/2026
21416965.28
Silver Rock Clo Ii Ltd
1.61
5.268
01/20/2035
21131127.51
Sculptor Clo Xxix Ltd
1.55
5.419
07/22/2038
20247042.67
Icg Us Clo 2025-2 Ltd
1.46
5.006
01/18/2039
19051346.87
Capital Four Us Clo Ltd
1.30
5.058
10/18/2038
17065738.14
Trinitas Clo Xx Ltd
1.30
5.168
07/20/2035
17022595.85
Canyon Clo 2020-2 Ltd
1.29
5.202
10/15/2034
16873220.07
Ozlm Xiv Ltd
1.27
5.512
01/15/2038
16628829.35
Kkr Clo 37 Ltd
1.21
5.318
04/20/2038
15883512.08
Sagard-Halseypoint Clo 8 Ltd
1.12
5.057
01/30/2038
14661373.57
Bluemountain Clo Xxx Ltd
1.11
5.272
04/15/2035
14552914.24
Kkr Clo 28 Ltd
1.10
5.321
02/09/2035
14380706.05
Lcm 39 Ltd
1.09
5.672
10/15/2034
14279030.54
Bluemountain Clo Xxxi Ltd
1.09
5.268
04/19/2034
14213295.86
Signal Peak Clo 4 Ltd
1.06
5.668
10/26/2034
13897469.15
Rockford Tower Clo 2021-3 Ltd
1.04
5.322
01/15/2038
13617843.13
Sagard-Halseypoint Clo 10 Ltd
1.02
5.930
10/20/2038
13383891.26
Lcm 40 Ltd
1.02
5.822
01/15/2038
13331519.06
Bluemountain Clo Xxv Ltd
1.01
5.022
01/15/2038
13162336.90
Trinitas Clo Xviii Ltd
0.99
5.418
01/20/2035
12939563.31
Bain Capital Credit Clo 2021-2 Ltd
0.97
6.771
07/16/2034
12672019.67
Rockford Tower Clo 2021-2 Ltd
0.97
5.368
07/20/2034
12647764.59
Canyon Capital Clo 2019-2 Ltd
0.94
5.572
10/15/2034
12335542.09
Generate Clo 22 Ltd
0.93
5.849
07/20/2038
12178724.01
Rockford Tower Clo 2022-3 Ltd
0.93
5.108
07/20/2037
12149138.01
Columbia Cent Clo 34 Ltd
0.92
5.318
01/25/2038
12091298.50
Trinitas Clo Xiv Ltd
0.88
5.768
01/25/2034
11584533.14
Canyon Clo 2020-1 Ltd
0.88
5.622
07/15/2034
11538062.55
Arini Us Clo Iii Ltd
0.86
5.190
01/15/2039
11209891.00
Sycamore Tree Clo 2021-1 Ltd
0.85
5.058
01/20/2038
11134559.34
Bluemountain Clo Xxxv Ltd
0.85
5.369
10/22/2037
11084506.53
Anchorage Capital Clo 2026-22 Ltd
0.84
5.000
01/20/2039
11007482.22
Symphony Clo 42 Ltd
0.82
5.198
04/17/2037
10727048.07
Bain Capital Credit Clo 2017-2 Ltd
0.82
5.068
07/25/2037
10723356.17
Sound Point Clo Xxvi Ltd
0.81
5.579
07/20/2034
10651131.33
Rockford Tower Clo 2022-1 Ltd
0.81
5.368
07/20/2035
10603689.26
Dryden 61 Clo Ltd
0.80
5.248
01/17/2032
10504979.75
Sound Point Clo 2025r-1 Ltd
0.78
5.306
02/20/2038
10231832.64
Canyon Capital Clo 2016-1 Ltd
0.78
5.634
07/15/2031
10147485.22
Generate Clo 9 Ltd
0.77
5.418
01/20/2038
10128716.68
Wind River 2024-1 Clo Ltd
0.77
5.268
04/20/2037
10121671.67
Signal Peak Clo 3 Ltd
0.76
--
04/23/2039
10008011.66
Columbia Cent Clo 32 Ltd
0.76
5.768
07/24/2034
9997857.08
Bain Capital Credit Clo 2020-3 Ltd
0.76
6.771
10/23/2034
9889266.05
Ocean Trails Clo Xi
0.75
5.218
07/20/2034
9851779.94
Tcw Clo 2019-1 Amr Ltd
0.71
5.605
08/16/2034
9235143.55
Sculptor Clo Xxviii Ltd
0.69
5.618
01/20/2035
9009726.01
Bluemountain Clo Xxxiv Ltd
0.67
5.268
04/20/2035
8817751.97
Allegro Clo Xii Ltd
0.67
5.110
07/21/2037
8733182.23
Rockford Tower Clo 2020-1 Ltd
0.66
5.568
01/20/2036
8646783.65
Bridge Street Clo Ii Ltd
0.66
5.000
01/20/2039
8612483.55
Rockford Tower Clo 2021-2 Ltd
0.65
5.618
07/20/2034
8505641.18
Anchorage Capital Clo 17 Ltd
0.61
5.122
02/28/2038
7947767.71
Wellfleet Clo 2021-2 Ltd
0.60
5.422
07/15/2034
7831072.82
Columbia Cent Clo 35 Ltd
0.58
5.418
07/25/2036
7590814.06
Signal Peak Clo 4 Ltd
0.55
7.130
10/26/2034
7185365.94
Trinitas Clo Xix Ltd
0.53
6.618
10/20/2033
6996945.66
Bain Capital Credit Clo 2021-4 Ltd
0.50
7.029
10/20/2034
6566720.11
Sculptor Clo Xxix Ltd
0.48
5.039
07/22/2038
6274953.31
Canyon Capital Clo 2016-2 Ltd
0.47
5.684
10/15/2031
6089687.80
Wind River 2021-2 Clo Ltd
0.46
5.268
07/20/2034
6042637.01
Icg Us Clo 2021-3 Ltd
0.46
5.768
10/20/2034
6039559.00
Ocp Clo 2019-17 Ltd
0.46
5.068
07/20/2037
6028047.15
Invesco Us Clo 2024-1 Ltd
0.46
--
04/15/2037
6011214.19
Octagon 54 Ltd
0.46
5.054
07/15/2034
5967725.90
Bain Capital Credit Clo 2021-1 Ltd
0.46
5.068
04/18/2034
5965048.55
Columbia Cent Clo 31 Ltd
0.44
5.268
04/20/2034
5783722.54
Brant Point Clo 2024-4 Ltd
0.43
5.418
07/20/2037
5569628.17
Fort Washington Clo 2019-1
0.42
5.368
10/20/2037
5547696.92
Wellfleet Clo 2021-2 Ltd
0.41
7.422
07/15/2034
5387402.83
Canyon Capital Clo 2019-2 Ltd
0.41
4.682
10/15/2034
5348930.83
Signal Peak Clo 9 Ltd
0.41
5.030
01/21/2038
5345896.48
Marble Point Clo Xxii Ltd
0.40
5.368
07/25/2034
5247800.34
Dryden 95 Clo Ltd
0.40
6.706
08/20/2034
5231989.19
Park Blue Clo 2024-V Ltd
0.39
5.148
07/25/2037
5159787.50
Silver Point Clo 9 Ltd
0.39
5.472
03/31/2038
5069977.27
Wehle Park Clo Ltd
0.39
5.570
10/21/2038
5054090.44
Bluemountain Clo Xxxii Ltd
0.38
6.772
10/15/2034
5001760.04
Midocean Credit Clo Xi Ltd
0.35
5.168
01/18/2036
4542152.25
Bain Capital Credit Clo 2021-7 Ltd
0.35
5.469
01/22/2035
4525941.85
Menlo Clo Iv Ltd
0.34
5.000
03/20/2039
4515395.78
Anchorage Capital Clo 17 Ltd
0.33
5.322
02/28/2038
4310835.01
Tcw Clo 2020-1 Ltd
0.32
5.668
04/20/2034
4210194.11
Wind River 2022-1 Clo Ltd
0.32
5.018
07/20/2035
4192511.22
Silver Rock Clo V Ltd
0.31
5.000
01/20/2039
4054927.03
Octagon 66 Ltd
0.28
5.652
02/16/2037
3672586.65
Midocean Credit Clo Xiv Ltd
0.28
--
04/15/2037
3655427.70
Creeksource 2024-1 Dunes Creek Clo Ltd
0.27
5.322
01/15/2038
3534387.92
Lcm 39 Ltd
0.27
6.922
10/15/2034
3526767.31
Lcm 41 Ltd
0.25
5.372
04/15/2036
3329969.16
Trinitas Clo Xvii Ltd
0.25
6.918
10/20/2034
3253261.92
Anchorage Capital Clo 30 Ltd
0.24
5.268
01/20/2037
3113016.75
Tcw Clo 2019-1 Amr Ltd
0.24
7.584
08/16/2034
3102126.53
Polus Us Clo Iii Ltd
0.23
5.687
01/20/2039
3049989.78
Rockford Tower Clo 2019-2 Ltd
0.23
5.656
08/20/2032
3026327.88
Agl Core Clo 8 Ltd
0.23
5.168
01/20/2038
3022320.50
Regatta Xvi Funding Ltd
0.23
5.000
04/15/2039
3012124.24
Sound Point Clo Xxix Ltd
0.22
5.268
04/25/2034
2907325.52
Midocean Credit Clo Xx
0.21
4.961
01/20/2039
2721532.37
Aimco Clo 24 Ltd
0.21
5.518
04/19/2038
2689759.72
Octagon Investment Partners 28 Ltd
0.19
5.388
04/24/2037
2528772.61
Harvest Us Clo 2023-1 Ltd
0.19
5.222
01/15/2037
2499802.25
Columbia Cent Clo 34 Ltd
0.18
5.518
01/25/2038
2328692.20
Tcw Clo 2019-1 Amr Ltd
0.18
4.954
08/16/2034
2317856.94
Wise Clo 2023-1 Ltd
0.17
5.368
10/20/2038
2269539.38
Canyon Capital Clo 2019-1 Ltd
0.17
5.102
07/15/2037
2173627.56
Sound Point Clo Xxxi Ltd
0.17
7.180
10/25/2034
2160226.27
Whitebox Clo Iii Ltd
0.16
5.572
10/15/2035
2128476.72
Polus Us Clo Ii Ltd
0.16
8.418
07/20/2038
2047881.34
Anchorage Capital Clo 15 Ltd
0.16
5.768
07/20/2038
2032178.33
Palmer Square Clo 2023-2 Ltd
0.16
5.868
07/20/2038
2031106.34
Madison Park Funding Lxiii Ltd
0.16
5.820
07/21/2038
2029501.29
Sculptor Clo Xxx Ltd
0.15
5.718
07/20/2038
2025477.34
Bluemountain Clo Xxxiii Ltd
0.15
7.418
10/20/2038
2018505.33
Tcw Clo 2023-1 Ltd
0.15
5.418
03/31/2038
2016897.08
Thl Credit Wind River 2017-3 Clo Ltd
0.15
5.872
04/15/2035
2012704.02
Barings Clo Ltd 2024-I
0.15
--
01/20/2039
2006745.29
Silver Rock Clo Ii Ltd
0.15
5.768
01/20/2035
2004388.33
Lcm 41 Ltd
0.14
7.272
04/15/2036
1818837.59
Wind River 2021-2 Clo Ltd
0.13
5.668
07/20/2034
1757492.40
Sculptor Clo Xxvi Ltd
0.13
5.518
01/20/2038
1747888.45
Cbam 2017-2 Ltd
0.12
5.779
07/17/2034
1521744.43
Signal Peak Clo 10 Ltd
0.12
5.118
01/24/2038
1511591.31
Kkr Clo 24 Ltd
0.12
5.009
04/20/2032
1510802.63
Hps Loan Management 2023-18 Ltd
0.12
6.718
07/20/2039
1510528.00
Columbia Cent Clo 35 Ltd
0.12
5.668
07/25/2036
1507380.56
Aimco Clo Series 2018-B
0.11
--
04/16/2037
1501552.50
Octagon 71 Ltd
0.10
--
04/18/2037
1251250.00
Lcm 39 Ltd
0.09
10.672
10/15/2034
1218090.84
Halseypoint Clo 7 Ltd
0.09
5.868
07/20/2038
1215702.20
Lcm 29 Ltd
0.09
5.004
04/15/2031
1211329.31
Carlyle Us Clo 2021-7 Ltd
0.09
4.872
04/15/2038
1163949.65
Sound Point Clo Xxvi Ltd
0.08
5.099
07/20/2034
1111965.01
Dryden 104 Clo Ltd
0.08
5.256
08/20/2034
1080674.29
Wind River 2023-1 Clo Ltd
0.08
5.718
07/25/2038
1014027.54
Sound Point Clo Xxiii
0.08
5.104
07/15/2034
1011591.41
Anchorage Capital Clo 17 Ltd
0.08
4.902
02/15/2038
1009823.78
Allegro Clo Xv Ltd
0.08
4.848
04/20/2038
1008004.16
Midocean Credit Clo Xiv Ltd
0.08
--
04/15/2037
1002793.04
Kkr Clo 27 Ltd
0.07
9.922
01/15/2035
941878.01
Bain Capital Credit Clo 2021-7 Ltd
0.07
10.169
01/22/2035
921591.82
Bluemountain Clo 2018-3 Ltd
0.07
4.858
10/25/2030
884047.13
Regatta Xii Funding Ltd
0.05
4.772
10/15/2037
708169.16
Dryden 64 Clo Ltd
0.02
4.899
04/18/2031
248907.40
Tci-Symphony Clo 2017-1 Ltd
0.01
4.864
07/15/2030
151033.06
0.19
--
--
2424214.22
Other/Cash
-0.23
--
--
-3057324.42
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Country of risk is defined using the International Organization for Standardization’s (ISO) country codes which take four factors into account (listed in order of importance): management location, country of primary listing, country of revenue and reporting currency of the issuer. Management location is defined by country of domicile unless location of such key players as the CEO, CFO, COO or General Counsel is otherwise.

Portfolio

Credit Quality (%) as of 03/31/2026

Composite % of Net Assets
Investment Grade AAA 38.44
AA 38.51
A 13.70
BBB 4.76
Non-Investment Grade BB 1.46
Total Investment Grade -- 95.41
Total Non-Investment Grade -- 1.46
Not Rated -- 4.13
If more than one rating is available for an underlying security, the lowest rating is used. If only one rating is available in all scenarios, we will use the rating provided. If no rating is available, the security will be not rated. Not rated securities do not necessarily indicate lower credit quality. Ratings and portfolio credit quality may change over time.

Years to Maturity as at 03/31/2026

  • Years

    Maturity (%)
  • < 1

    1.64
  • 1 - 3

    0.00
  • 3 - 5

    0.08
  • 5 - 7

    2.50
  • 7 - 10

    39.16
  • 10 - 15

    56.66
  • 15 - 20

    0.00
  • 20 - 30

    0.00
  • 30 +

    0.00

Fees

Distributions

Distribution History

Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains
Ex-date Record
Date
Payable date Dividend
Income
Short-Term
Capital Gains
Long-Term
Capital Gains
Return of
Capital
Total
Distributions
04/01/2026 04/01/2026 04/07/2026 $ 0.2216 -- -- -- $ 0.22
03/02/2026 03/02/2026 03/05/2026 $ 0.2002 -- -- -- $ 0.20
02/02/2026 02/02/2026 02/05/2026 $ 0.2334 -- -- -- $ 0.23
12/29/2025 12/29/2025 12/31/2025 $ 0.2332 $ 0.0070 $ 0.0279 -- $ 0.27
11/28/2025 11/28/2025 12/03/2025 $ 0.2279 -- -- -- $ 0.23
11/03/2025 11/03/2025 11/06/2025 $ 0.2454 -- -- -- $ 0.25
10/01/2025 10/01/2025 10/06/2025 $ 0.2416 -- -- -- $ 0.24
09/02/2025 09/02/2025 09/05/2025 $ 0.2502 -- -- -- $ 0.25
08/01/2025 08/01/2025 08/06/2025 $ 0.2486 -- -- -- $ 0.25
07/01/2025 07/01/2025 07/07/2025 $ 0.2431 -- -- -- $ 0.24
06/02/2025 06/02/2025 06/05/2025 $ 0.2617 -- -- -- $ 0.26
05/01/2025 05/01/2025 05/06/2025 $ 0.2359 -- -- -- $ 0.24
04/01/2025 04/01/2025 04/04/2025 $ 0.2596 -- -- -- $ 0.26
03/03/2025 03/03/2025 03/06/2025 $ 0.2175 -- -- -- $ 0.22
02/03/2025 02/03/2025 02/06/2025 $ 0.2612 -- -- -- $ 0.26
12/27/2024 12/27/2024 12/30/2024 $ 0.2782 $ 0.0808 $ 0.0371 -- $ 0.40
12/02/2024 12/02/2024 12/05/2024 $ 0.2520 -- -- -- $ 0.25
11/01/2024 11/01/2024 11/06/2024 $ 0.2643 -- -- -- $ 0.26
10/01/2024 10/01/2024 10/04/2024 $ 0.2620 -- -- -- $ 0.26
09/03/2024 09/03/2024 09/06/2024 $ 0.3091 -- -- -- $ 0.31
08/01/2024 08/01/2024 08/06/2024 $ 0.2840 -- -- -- $ 0.28
07/01/2024 07/01/2024 07/05/2024 $ 0.3120 -- -- -- $ 0.31
06/03/2024 06/03/2024 06/06/2024 $ 0.2947 -- -- -- $ 0.29
05/01/2024 05/02/2024 05/07/2024 $ 0.2747 -- -- -- $ 0.27
04/01/2024 04/02/2024 04/05/2024 $ 0.2971 -- -- -- $ 0.30
03/01/2024 03/04/2024 03/07/2024 $ 0.2635 -- -- -- $ 0.26
02/01/2024 02/02/2024 02/07/2024 $ 0.3305 -- -- -- $ 0.33
12/27/2023 12/28/2023 12/29/2023 $ 0.2648 -- -- -- $ 0.26
12/01/2023 12/04/2023 12/07/2023 $ 0.2235 -- -- -- $ 0.22
11/01/2023 11/02/2023 11/07/2023 $ 0.2518 -- -- -- $ 0.25
10/02/2023 10/03/2023 10/06/2023 $ 0.2317 -- -- -- $ 0.23
09/01/2023 09/05/2023 09/08/2023 $ 0.2816 -- -- -- $ 0.28
08/01/2023 08/02/2023 08/10/2023 $ 0.2327 -- -- -- $ 0.23
07/03/2023 07/05/2023 07/07/2023 $ 0.2399 -- -- -- $ 0.24
06/01/2023 06/02/2023 06/07/2023 $ 0.2728 -- -- -- $ 0.27
05/01/2023 05/02/2023 05/05/2023 $ 0.2189 -- -- -- $ 0.22
04/03/2023 04/04/2023 04/10/2023 $ 0.2505 -- -- -- $ 0.25
03/01/2023 03/02/2023 03/07/2023 $ 0.1732 -- -- -- $ 0.17
02/01/2023 02/02/2023 02/07/2023 $ 0.2848 -- -- -- $ 0.28
12/28/2022 12/29/2022 12/30/2022 $ 0.2144 -- -- -- $ 0.21
12/01/2022 12/02/2022 12/07/2022 $ 0.2351 -- -- -- $ 0.24
11/01/2022 11/02/2022 11/07/2022 $ 0.1815 -- -- -- $ 0.18
10/03/2022 10/04/2022 10/07/2022 $ 0.1623 -- -- -- $ 0.16
09/01/2022 09/02/2022 09/08/2022 $ 0.1830 -- -- -- $ 0.18
08/01/2022 08/02/2022 08/05/2022 $ 0.1520 -- -- -- $ 0.15

All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information

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