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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
    $52.79

    as of May 08, 2026
  • YTD RETURNS
    1.72%

    as of May 08, 2026
  • Total Net Assets
    $1.32B

    as of May 08, 2026
  • Total Expense Ratio
    0.36%
  • Inception Date
    06/21/2022
  • 30-Day SEC Yield
    5.07%
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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  05/08/2026

Distribution Frequency

Monthly

30-Day SEC Yield

5.07%

Distribution Yield

4.97%

12 Month Yield

5.35%

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 5.07% on 05/08/26. Distributions may vary from time to time.

Performance

Average Annual Total Returns* (%)

View All ETFs View All Indices
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE 06/21/22
CLOI (NAV) 0.79 1.01 1.54 6.05 7.14 -- -- 7.28
CLOI (Market Price) 0.71 0.88 1.33 5.65 7.03 -- -- 7.24
J.P. Morgan CLO IG Index 0.67 1.09 1.60 5.97 7.33 -- -- 7.16
  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

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

Holdings

Daily Holdings (%) as of 05/07/2026

Download XLS Get holdings
Total Holdings: 156
Holding Name
% of Net Assets
 Coupon
Maturity
Market Value (US$)
Anchorage Capital Clo 2026-22 Ltd
4.88
 5.000
01/20/2039
64,426,991
Signal Peak Clo 4 Ltd
2.82
 0.053
10/26/2034
37,161,660
Regatta Vi Funding Ltd
2.77
 5.206
10/20/2038
36,549,183
United States Treasury Bill
2.76
 --
05/19/2026
36,460,296
Ocean Trails Clo Xv Ltd
2.66
 0.049
01/15/2039
35,155,636
Cqs Us Clo 6 Ltd
2.65
 --
03/31/2039
35,017,094
Neuberger Berman Loan Advisers Clo 38 L
2.03
 0.051
10/20/2036
26,797,551
Octagon 64 Ltd
1.90
 0.054
07/21/2037
25,092,677
Neuberger Berman Loan Advisers Clo 42 L
1.71
 0.051
07/16/2036
22,594,866
Sagard-Halseypoint Clo 10 Ltd
1.68
 0.054
10/20/2038
22,196,577
Kkr Clo 36 Ltd
1.68
 0.054
10/15/2034
22,113,705
Silver Rock Clo Ii Ltd
1.60
 0.053
01/20/2035
21,078,900
Trinitas Clo Xix Ltd
1.54
 0.048
10/20/2033
20,263,156
Sculptor Clo Xxix Ltd
1.53
 0.054
07/22/2038
20,149,069
Icg Us Clo 2025-2 Ltd
1.43
 0.050
01/18/2039
18,841,621
Trinitas Clo Xx Ltd
1.29
 0.052
07/20/2035
17,062,991
Capital Four Us Clo Ltd
1.28
 0.050
10/18/2038
16,844,534
Canyon Clo 2020-2 Ltd
1.27
 0.052
10/15/2034
16,738,888
Ozlm Xiv Ltd
1.25
 0.055
01/15/2038
16,517,201
Kkr Clo 37 Ltd
1.19
 0.053
04/20/2038
15,763,232
Sagard-Halseypoint Clo 8 Ltd
1.10
 0.051
01/30/2038
14,542,766
Bluemountain Clo Xxx Ltd
1.10
 0.053
04/15/2035
14,539,897
Lcm 39 Ltd
1.09
 0.057
10/15/2034
14,337,225
Kkr Clo 28 Ltd
1.08
 0.053
02/09/2035
14,278,653
Bluemountain Clo Xxxi Ltd
1.07
 0.053
04/19/2034
14,152,285
Signal Peak Clo 4 Ltd
1.05
 0.057
10/26/2034
13,905,758
Rockford Tower Clo 2021-3 Ltd
1.03
 0.053
01/15/2038
13,564,499
Lcm 40 Ltd
1.00
 0.058
01/15/2038
13,224,909
Sagard-Halseypoint Clo 10 Ltd
0.99
 0.057
10/20/2038
13,095,545
Bluemountain Clo Xxv Ltd
0.99
 0.050
01/15/2038
13,059,641
Trinitas Clo Xviii Ltd
0.97
 0.054
01/20/2035
12,819,921
Bain Capital Credit Clo 2021-2 Ltd
0.96
 0.068
07/16/2034
12,733,609
Rockford Tower Clo 2021-2 Ltd
0.95
 0.054
07/20/2034
12,547,599
Canyon Capital Clo 2019-2 Ltd
0.94
 0.056
10/15/2034
12,385,755
Generate Clo 22 Ltd
0.92
 0.054
07/20/2038
12,099,376
Rockford Tower Clo 2022-3 Ltd
0.91
 0.051
07/20/2037
12,043,808
Columbia Cent Clo 34 Ltd
0.91
 0.053
01/25/2038
12,035,426
Canyon Clo 2020-1 Ltd
0.88
 0.056
07/15/2034
11,553,851
Trinitas Clo Xiv Ltd
0.87
 0.058
01/25/2034
11,533,168
Arini Us Clo Iii Ltd
0.86
 5.190
01/15/2039
11,286,373
Anchorage Capital Clo 2026-22 Ltd
0.84
 5.000
01/20/2039
11,145,613
Sycamore Tree Clo 2021-1 Ltd
0.84
 0.051
01/20/2038
11,056,939
Bluemountain Clo Xxxv Ltd
0.84
 0.054
10/22/2037
11,039,499
Symphony Clo 42 Ltd
0.81
 0.052
04/17/2037
10,648,040
Bain Capital Credit Clo 2017-2 Ltd
0.81
 0.051
07/25/2037
10,639,823
Sound Point Clo Xxvi Ltd
0.80
 0.056
07/20/2034
10,560,780
Rockford Tower Clo 2022-1 Ltd
0.80
 0.054
07/20/2035
10,537,600
Dryden 61 Clo Ltd
0.79
 0.053
01/17/2032
10,419,308
Sound Point Clo 2025r-1 Ltd
0.78
 5.306
02/20/2038
10,334,093
Canyon Capital Clo 2016-1 Ltd
0.76
 0.056
07/15/2031
10,075,805
Signal Peak Clo 3 Ltd
0.76
 --
04/23/2039
10,069,453
Generate Clo 9 Ltd
0.76
 0.054
01/20/2038
10,049,283
Wind River 2024-1 Clo Ltd
0.76
 --
04/20/2037
10,006,766
Bain Capital Credit Clo 2020-3 Ltd
0.76
 0.068
10/23/2034
9,980,614
Columbia Cent Clo 32 Ltd
0.75
 0.058
07/24/2034
9,904,830
Ocean Trails Clo Xi
0.75
 0.052
07/20/2034
9,836,571
Tcw Clo 2019-1 Amr Ltd
0.70
 5.605
08/16/2034
9,274,852
Sculptor Clo Xxviii Ltd
0.68
 0.056
01/20/2035
9,038,087
Bluemountain Clo Xxxiv Ltd
0.67
 0.053
04/20/2035
8,811,984
Rockford Tower Clo 2020-1 Ltd
0.66
 0.056
01/20/2036
8,683,644
Allegro Clo Xii Ltd
0.66
 0.051
07/21/2037
8,656,473
Bridge Street Clo Ii Ltd
0.65
 0.054
01/20/2039
8,589,709
Rockford Tower Clo 2021-2 Ltd
0.65
 0.056
07/20/2034
8,535,605
Anchorage Capital Clo 17 Ltd
0.60
 0.051
02/28/2038
7,896,518
Wellfleet Clo 2021-2 Ltd
0.59
 0.054
07/15/2034
7,790,838
Columbia Cent Clo 35 Ltd
0.57
 0.054
07/25/2036
7,524,791
Signal Peak Clo 4 Ltd
0.55
 0.071
10/26/2034
7,199,764
Trinitas Clo Xix Ltd
0.53
 0.066
10/20/2033
7,000,089
Bain Capital Credit Clo 2021-4 Ltd
0.50
 0.070
10/20/2034
6,601,780
Sculptor Clo Xxix Ltd
0.47
 0.050
07/22/2038
6,237,008
Canyon Capital Clo 2016-2 Ltd
0.46
 0.057
10/15/2031
6,045,677
Invesco Us Clo 2024-1 Ltd
0.46
 --
04/15/2037
6,038,900
Icg Us Clo 2021-3 Ltd
0.46
 0.058
10/20/2034
6,028,032
Wind River 2021-2 Clo Ltd
0.46
 0.053
07/20/2034
6,022,543
Ocp Clo 2019-17 Ltd
0.45
 0.051
07/20/2037
5,979,712
Bain Capital Credit Clo 2021-1 Ltd
0.45
 0.051
04/18/2034
5,971,739
Octagon 54 Ltd
0.45
 0.051
07/15/2034
5,924,596
Columbia Cent Clo 31 Ltd
0.44
 0.053
04/20/2034
5,763,644
Fort Washington Clo 2019-1
0.42
 0.054
10/20/2037
5,523,369
Brant Point Clo 2024-4 Ltd
0.42
 0.054
07/20/2037
5,522,453
Wellfleet Clo 2021-2 Ltd
0.41
 0.074
07/15/2034
5,390,477
Dryden 95 Clo Ltd
0.40
 6.706
08/20/2034
5,322,020
Signal Peak Clo 9 Ltd
0.40
 0.050
01/21/2038
5,307,378
Canyon Capital Clo 2019-2 Ltd
0.40
 0.047
10/15/2034
5,306,509
Marble Point Clo Xxii Ltd
0.40
 0.054
07/25/2034
5,212,053
Park Blue Clo 2024-V Ltd
0.39
 0.052
07/25/2037
5,115,553
Silver Point Clo 9 Ltd
0.38
 0.055
03/31/2038
5,035,559
Wehle Park Clo Ltd
0.38
 0.056
10/21/2038
5,016,585
Bluemountain Clo Xxxii Ltd
0.38
 0.068
10/15/2034
5,003,187
United States Treasury Bill
0.38
 --
06/30/2026
4,973,610
Menlo Clo Iv Ltd
0.34
 5.000
03/20/2039
4,532,389
Midocean Credit Clo Xi Ltd
0.34
 0.052
01/18/2036
4,514,510
Bain Capital Credit Clo 2021-7 Ltd
0.34
 0.055
01/22/2035
4,504,676
Anchorage Capital Clo 17 Ltd
0.32
 0.053
02/28/2038
4,273,982
Tcw Clo 2020-1 Ltd
0.32
 0.057
04/20/2034
4,170,362
Wind River 2022-1 Clo Ltd
0.32
 0.050
07/20/2035
4,164,202
Silver Rock Clo V Ltd
0.31
 5.000
01/20/2039
4,080,127
Midocean Credit Clo Xiv Ltd
0.28
 --
04/15/2037
3,699,305
Octagon 66 Ltd
0.28
 5.652
02/16/2037
3,693,568
Lcm 39 Ltd
0.27
 0.069
10/15/2034
3,545,072
Creeksource 2024-1 Dunes Creek Clo Ltd
0.27
 0.053
01/15/2038
3,518,007
Lcm 41 Ltd
0.25
 0.054
04/15/2036
3,314,524
Trinitas Clo Xvii Ltd
0.25
 0.069
10/20/2034
3,243,828
Tcw Clo 2019-1 Amr Ltd
0.24
 7.584
08/16/2034
3,165,604
Anchorage Capital Clo 30 Ltd
0.23
 0.053
01/20/2037
3,085,781
Polus Us Clo Iii Ltd
0.23
 5.687
01/20/2039
3,068,331
Rockford Tower Clo 2019-2 Ltd
0.23
 5.656
08/20/2032
3,039,455
Agl Core Clo 8 Ltd
0.23
 0.052
01/20/2038
3,009,364
Regatta Xvi Funding Ltd
0.23
 0.051
04/15/2039
3,001,550
Sound Point Clo Xxix Ltd
0.22
 0.053
04/25/2034
2,907,852
Midocean Credit Clo Xx
0.20
 0.049
01/20/2039
2,693,349
Aimco Clo 24 Ltd
0.20
 0.055
04/19/2038
2,669,828
Harvest Us Clo 2023-1 Ltd
0.19
 0.052
01/15/2037
2,511,628
Tcw Clo 2019-1 Amr Ltd
0.18
 4.954
08/16/2034
2,328,362
Columbia Cent Clo 34 Ltd
0.18
 0.055
01/25/2038
2,311,129
Wise Clo 2023-1 Ltd
0.17
 0.054
10/20/2038
2,259,227
Sound Point Clo Xxxi Ltd
0.16
 0.072
10/25/2034
2,163,802
Canyon Capital Clo 2019-1 Ltd
0.16
 0.051
07/15/2037
2,159,206
Whitebox Clo Iii Ltd
0.16
 0.056
10/15/2035
2,111,150
Bluemountain Clo Xxxiii Ltd
0.15
 0.074
10/20/2038
2,027,374
Polus Us Clo Ii Ltd
0.15
 0.084
07/20/2038
2,018,473
Palmer Square Clo 2023-2 Ltd
0.15
 0.059
07/20/2038
2,017,208
Anchorage Capital Clo 15 Ltd
0.15
 0.058
07/20/2038
2,014,458
Madison Park Funding Lxiii Ltd
0.15
 0.058
07/21/2038
2,013,996
Thl Credit Wind River 2017-3 Clo Ltd
0.15
 0.059
04/15/2035
2,012,245
Sculptor Clo Xxx Ltd
0.15
 0.057
07/20/2038
2,010,735
Tcw Clo 2023-1 Ltd
0.15
 0.054
03/31/2038
2,008,598
Silver Rock Clo Ii Ltd
0.15
 0.058
01/20/2035
2,008,438
Barings Clo Ltd 2024-I
0.15
 --
01/20/2039
2,006,183
Lcm 41 Ltd
0.14
 0.073
04/15/2036
1,820,866
Wind River 2021-2 Clo Ltd
0.13
 0.057
07/20/2034
1,762,314
Sculptor Clo Xxvi Ltd
0.13
 0.055
01/20/2038
1,735,314
Aimco Clo Series 2018-B
0.11
 --
04/16/2037
1,514,281
Hps Loan Management 2023-18 Ltd
0.11
 0.067
07/20/2039
1,513,048
Cbam 2017-2 Ltd
0.11
 0.058
07/17/2034
1,505,384
Columbia Cent Clo 35 Ltd
0.11
 0.057
07/25/2036
1,504,627
Signal Peak Clo 10 Ltd
0.11
 0.051
01/24/2038
1,503,918
Octagon 71 Ltd
0.10
 --
04/18/2037
1,274,419
Kkr Clo 24 Ltd
0.09
 0.050
04/20/2032
1,224,110
Lcm 39 Ltd
0.09
 0.107
10/15/2034
1,210,726
Halseypoint Clo 7 Ltd
0.09
 0.059
07/20/2038
1,207,617
Carlyle Us Clo 2021-7 Ltd
0.09
 0.049
04/15/2038
1,154,303
Sound Point Clo Xxvi Ltd
0.08
 0.051
07/20/2034
1,103,920
Dryden 104 Clo Ltd
0.08
 5.256
08/20/2034
1,087,890
Midocean Credit Clo Xiv Ltd
0.08
 --
04/15/2037
1,008,747
Wind River 2023-1 Clo Ltd
0.08
 0.057
07/25/2038
1,005,699
Sound Point Clo Xxiii
0.08
 0.051
07/15/2034
1,004,353
Anchorage Capital Clo 17 Ltd
0.08
 0.049
02/15/2038
1,003,724
Allegro Clo Xv Ltd
0.08
 0.049
04/20/2038
1,003,039
Bain Capital Credit Clo 2021-7 Ltd
0.07
 0.102
01/22/2035
976,060
Kkr Clo 27 Ltd
0.07
 0.099
01/15/2035
952,134
Regatta Xii Funding Ltd
0.05
 0.048
10/15/2037
602,061
Bluemountain Clo 2018-3 Ltd
0.04
 0.049
10/25/2030
584,665
Lcm 29 Ltd
0.02
 0.050
04/15/2031
324,480
Dryden 64 Clo Ltd
0.01
 0.049
04/18/2031
187,544
--
0.08
 --
--
1,058,676
Other/Cash
-0.02
 --
--
-281,947
← Scroll for more information →
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

    3.18

  • 1 - 3

    0.00

  • 3 - 5

    0.08

  • 5 - 7

    2.33

  • 7 - 10

    38.98

  • 10 - 15

    56.15

  • 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
05/01/2026 05/01/2026 05/06/2026 $ 0.2185 -- -- -- $ 0.22
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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