us en false false Default
Skip directly to Accessibility Notice
CLOI VanEck CLO ETF Please read important disclosure Close important disclosure false

CLOI
VanEck CLO ETF

CLOI
VanEck CLO ETF

  • NAV
    $52.84

    as of May 15, 2026
  • YTD RETURNS
    1.81%

    as of May 15, 2026
  • Total Net Assets
    $1.32B

    as of May 15, 2026
  • Total Expense Ratio
    0.36%
  • Inception Date
    06/21/2022
  • 30-Day SEC Yield
    5.06%
Buy Now
Let's Connect
Subscribe
Related Insights

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  05/15/2026

Distribution Frequency

Monthly

30-Day SEC Yield

5.06%

Distribution Yield

4.96%

12 Month Yield

5.34%

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 5.06% on 05/15/26. 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 05/15/2026

Download XLS Get holdings
Total Holdings: 159
Holding Name
% of Net Assets
 Coupon
Maturity
Market Value (US$)
Anchorage Capital Clo 2026-22 Ltd
4.89
 5.000
01/20/2039
64,570,275
Signal Peak Clo 4 Ltd
2.82
 5.317
10/26/2034
37,212,344
Regatta Vi Funding Ltd
2.77
 5.206
10/20/2038
36,603,823
United States Treasury Bill
2.76
 --
05/19/2026
36,496,436
Ocean Trails Clo Xv Ltd
2.66
 4.933
01/15/2039
35,203,001
Cqs Us Clo 6 Ltd
2.66
 --
03/31/2039
35,074,072
Neuberger Berman Loan Advisers Clo 38 L
2.03
 5.075
10/20/2036
26,832,042
Octagon 64 Ltd
1.90
 5.372
07/21/2037
25,129,108
Neuberger Berman Loan Advisers Clo 42 L
1.71
 5.080
07/16/2036
22,623,755
Sagard-Halseypoint Clo 10 Ltd
1.68
 5.425
10/20/2038
22,181,353
Kkr Clo 36 Ltd
1.68
 5.423
10/15/2034
22,145,790
Silver Rock Clo Ii Ltd
1.60
 5.275
01/20/2035
21,109,504
Trinitas Clo Xix Ltd
1.54
 4.785
10/20/2033
20,290,185
Sculptor Clo Xxix Ltd
1.53
 5.414
07/22/2038
20,177,725
Icg Us Clo 2025-2 Ltd
1.43
 4.925
01/18/2039
18,866,654
Trinitas Clo Xx Ltd
1.29
 5.175
07/20/2035
17,087,294
Capital Four Us Clo Ltd
1.28
 4.975
10/18/2038
16,866,929
Canyon Clo 2020-2 Ltd
1.27
 5.203
10/15/2034
16,762,874
Ozlm Xiv Ltd
1.25
 5.513
01/15/2038
16,541,070
Kkr Clo 37 Ltd
1.20
 5.325
04/20/2038
15,786,095
Sagard-Halseypoint Clo 8 Ltd
1.10
 5.053
01/30/2038
14,562,510
Bluemountain Clo Xxx Ltd
1.10
 5.273
04/15/2035
14,560,998
Lcm 39 Ltd
1.09
 5.673
10/15/2034
14,358,969
Kkr Clo 28 Ltd
1.08
 5.330
02/09/2035
14,298,880
Bluemountain Clo Xxxi Ltd
1.07
 5.275
04/19/2034
14,172,523
Signal Peak Clo 4 Ltd
1.05
 5.667
10/26/2034
13,926,506
Rockford Tower Clo 2021-3 Ltd
1.03
 5.323
01/15/2038
13,584,029
Lcm 40 Ltd
1.00
 5.823
01/15/2038
13,246,419
Sagard-Halseypoint Clo 10 Ltd
0.99
 5.725
10/20/2038
13,115,492
Bluemountain Clo Xxv Ltd
0.99
 5.023
01/15/2038
13,080,939
Trinitas Clo Xviii Ltd
0.97
 5.425
01/20/2035
12,838,956
Bain Capital Credit Clo 2021-2 Ltd
0.97
 6.780
07/16/2034
12,758,785
Rockford Tower Clo 2021-2 Ltd
0.95
 5.375
07/20/2034
12,565,863
Canyon Capital Clo 2019-2 Ltd
0.94
 5.573
10/15/2034
12,404,749
Generate Clo 22 Ltd
0.92
 5.425
07/20/2038
12,133,252
Rockford Tower Clo 2022-3 Ltd
0.91
 5.115
07/20/2037
12,061,387
Columbia Cent Clo 34 Ltd
0.91
 5.317
01/25/2038
12,052,764
Canyon Clo 2020-1 Ltd
0.88
 5.623
07/15/2034
11,571,607
Trinitas Clo Xiv Ltd
0.87
 5.767
01/25/2034
11,551,325
Arini Us Clo Iii Ltd
0.86
 5.190
01/15/2039
11,307,609
Anchorage Capital Clo 2026-22 Ltd
0.85
 5.000
01/20/2039
11,165,301
Sycamore Tree Clo 2021-1 Ltd
0.84
 5.065
01/20/2038
11,068,182
Bluemountain Clo Xxxv Ltd
0.84
 5.364
10/22/2037
11,055,503
Bain Capital Credit Clo 2017-2 Ltd
0.81
 5.067
07/25/2037
10,650,628
Symphony Clo 42 Ltd
0.81
 5.210
04/17/2037
10,649,623
Symphony Clo 42 Ltd
0.80
 --
04/17/2037
10,602,703
Sound Point Clo Xxvi Ltd
0.80
 5.587
07/20/2034
10,576,292
Rockford Tower Clo 2022-1 Ltd
0.80
 5.375
07/20/2035
10,553,057
Dryden 61 Clo Ltd
0.79
 5.260
01/17/2032
10,434,105
Sound Point Clo 2025r-1 Ltd
0.78
 5.306
02/20/2038
10,348,942
Canyon Capital Clo 2016-1 Ltd
0.76
 5.635
07/15/2031
10,089,747
Signal Peak Clo 3 Ltd
0.76
 --
04/23/2039
10,082,932
Generate Clo 9 Ltd
0.76
 5.425
01/20/2038
10,075,843
Wind River 2024-1 Clo Ltd
0.76
 --
04/20/2037
10,037,717
Bain Capital Credit Clo 2020-3 Ltd
0.76
 6.766
10/23/2034
10,000,676
Columbia Cent Clo 32 Ltd
0.75
 5.767
07/24/2034
9,921,669
Ocean Trails Clo Xi
0.75
 5.225
07/20/2034
9,850,717
Tcw Clo 2019-1 Amr Ltd
0.69
 5.605
08/16/2034
9,160,611
Sculptor Clo Xxviii Ltd
0.69
 5.625
01/20/2035
9,051,835
Bluemountain Clo Xxxiv Ltd
0.67
 5.275
04/20/2035
8,824,778
Rockford Tower Clo 2020-1 Ltd
0.66
 5.575
01/20/2036
8,696,867
Allegro Clo Xii Ltd
0.66
 5.112
07/21/2037
8,668,781
Bridge Street Clo Ii Ltd
0.65
 5.425
01/20/2039
8,602,389
Rockford Tower Clo 2021-2 Ltd
0.65
 5.625
07/20/2034
8,551,531
Anchorage Capital Clo 17 Ltd
0.60
 5.123
02/28/2038
7,907,740
Wellfleet Clo 2021-2 Ltd
0.59
 5.423
07/15/2034
7,802,017
Columbia Cent Clo 35 Ltd
0.57
 5.417
07/25/2036
7,534,576
Signal Peak Clo 4 Ltd
0.55
 7.128
10/26/2034
7,215,549
Trinitas Clo Xix Ltd
0.53
 6.625
10/20/2033
7,013,167
Bain Capital Credit Clo 2021-4 Ltd
0.50
 7.037
10/20/2034
6,616,375
Sculptor Clo Xxix Ltd
0.47
 5.034
07/22/2038
6,243,463
Invesco Us Clo 2024-1 Ltd
0.46
 --
04/15/2037
6,073,409
Canyon Capital Clo 2016-2 Ltd
0.46
 5.685
10/15/2031
6,054,125
Icg Us Clo 2021-3 Ltd
0.46
 5.775
10/20/2034
6,037,340
Wind River 2021-2 Clo Ltd
0.46
 5.275
07/20/2034
6,031,287
Ocp Clo 2019-17 Ltd
0.45
 5.075
07/20/2037
5,987,469
Bain Capital Credit Clo 2021-1 Ltd
0.45
 5.075
04/18/2034
5,980,085
Octagon 54 Ltd
0.45
 5.055
07/15/2034
5,932,674
Columbia Cent Clo 31 Ltd
0.44
 5.275
04/20/2034
5,771,774
Fort Washington Clo 2019-1
0.42
 5.375
10/20/2037
5,531,334
Brant Point Clo 2024-4 Ltd
0.42
 5.425
07/20/2037
5,530,439
Wellfleet Clo 2021-2 Ltd
0.41
 7.423
07/15/2034
5,402,516
Dryden 95 Clo Ltd
0.40
 6.706
08/20/2034
5,332,146
Canyon Capital Clo 2019-2 Ltd
0.40
 4.683
10/15/2034
5,317,368
Signal Peak Clo 9 Ltd
0.40
 5.032
01/21/2038
5,306,518
Marble Point Clo Xxii Ltd
0.40
 5.367
07/25/2034
5,219,737
Park Blue Clo 2024-V Ltd
0.39
 5.147
07/25/2037
5,122,533
Silver Point Clo 9 Ltd
0.38
 5.473
03/31/2038
5,042,860
Wehle Park Clo Ltd
0.38
 5.572
10/21/2038
5,029,959
Signal Peak Clo 5 Ltd
0.38
 --
04/25/2037
5,022,986
United States Treasury Bill
0.38
 --
06/30/2026
4,978,560
Bluemountain Clo Xxxii Ltd
0.37
 6.773
10/15/2034
4,900,014
Menlo Clo Iv Ltd
0.34
 5.000
03/20/2039
4,538,821
Midocean Credit Clo Xi Ltd
0.34
 5.175
01/18/2036
4,520,884
Bain Capital Credit Clo 2021-7 Ltd
0.34
 5.464
01/22/2035
4,511,541
Anchorage Capital Clo 17 Ltd
0.32
 5.323
02/28/2038
4,280,113
Tcw Clo 2020-1 Ltd
0.32
 5.675
04/20/2034
4,177,151
Wind River 2022-1 Clo Ltd
0.32
 5.025
07/20/2035
4,169,854
Silver Rock Clo V Ltd
0.31
 5.000
01/20/2039
4,086,384
Midocean Credit Clo Xiv Ltd
0.28
 --
04/15/2037
3,709,605
Octagon 66 Ltd
0.27
 5.652
02/16/2037
3,610,606
Lcm 39 Ltd
0.27
 6.923
10/15/2034
3,552,211
Creeksource 2024-1 Dunes Creek Clo Ltd
0.27
 5.323
01/15/2038
3,523,042
Lcm 41 Ltd
0.25
 5.373
04/15/2036
3,319,366
Trinitas Clo Xvii Ltd
0.25
 6.925
10/20/2034
3,250,181
Tcw Clo 2019-1 Amr Ltd
0.24
 7.584
08/16/2034
3,112,383
Anchorage Capital Clo 30 Ltd
0.23
 5.275
01/20/2037
3,090,189
Polus Us Clo Iii Ltd
0.23
 5.687
01/20/2039
3,072,986
Rockford Tower Clo 2019-2 Ltd
0.23
 5.656
08/20/2032
3,044,171
Signal Peak Clo 5 Ltd
0.23
 --
04/25/2037
3,018,166
Agl Core Clo 8 Ltd
0.23
 5.175
01/20/2038
3,013,641
Regatta Xvi Funding Ltd
0.23
 5.053
04/15/2039
3,005,812
Sound Point Clo Xxix Ltd
0.22
 5.267
04/25/2034
2,911,996
Midocean Credit Clo Xx
0.20
 4.905
01/20/2039
2,697,869
Aimco Clo 24 Ltd
0.20
 5.525
04/19/2038
2,674,284
Harvest Us Clo 2023-1 Ltd
0.19
 5.223
01/15/2037
2,515,210
Columbia Cent Clo 34 Ltd
0.18
 5.517
01/25/2038
2,314,654
Tcw Clo 2019-1 Amr Ltd
0.17
 4.954
08/16/2034
2,302,890
Wise Clo 2023-1 Ltd
0.17
 5.375
10/20/2038
2,262,544
Sound Point Clo Xxxi Ltd
0.16
 7.178
10/25/2034
2,168,763
Canyon Capital Clo 2019-1 Ltd
0.16
 5.103
07/15/2037
2,162,172
Whitebox Clo Iii Ltd
0.16
 5.573
10/15/2035
2,114,296
Bluemountain Clo Xxxiii Ltd
0.15
 7.425
10/20/2038
2,028,615
Palmer Square Clo 2023-2 Ltd
0.15
 5.875
07/20/2038
2,020,310
Madison Park Funding Lxiii Ltd
0.15
 5.822
07/21/2038
2,017,103
Anchorage Capital Clo 15 Ltd
0.15
 5.775
07/20/2038
2,015,699
Thl Credit Wind River 2017-3 Clo Ltd
0.15
 5.873
04/15/2035
2,015,364
Sculptor Clo Xxx Ltd
0.15
 5.725
07/20/2038
2,013,580
Polus Us Clo Ii Ltd
0.15
 8.425
07/20/2038
2,012,346
Silver Rock Clo Ii Ltd
0.15
 5.775
01/20/2035
2,011,583
Tcw Clo 2023-1 Ltd
0.15
 5.417
03/31/2038
2,011,542
Barings Clo Ltd 2024-I
0.15
 --
01/20/2039
2,008,983
Lcm 41 Ltd
0.14
 7.273
04/15/2036
1,824,857
Wind River 2021-2 Clo Ltd
0.13
 5.675
07/20/2034
1,765,026
Sculptor Clo Xxvi Ltd
0.13
 5.525
01/20/2038
1,737,837
Aimco Clo Series 2018-B
0.11
 --
04/16/2037
1,517,532
Hps Loan Management 2023-18 Ltd
0.11
 6.725
07/20/2039
1,512,016
Cbam 2017-2 Ltd
0.11
 5.792
07/17/2034
1,507,798
Columbia Cent Clo 35 Ltd
0.11
 5.667
07/25/2036
1,506,939
Signal Peak Clo 10 Ltd
0.11
 5.117
01/24/2038
1,506,037
Octagon 71 Ltd
0.10
 --
04/18/2037
1,277,277
Kkr Clo 24 Ltd
0.09
 5.017
04/20/2032
1,225,673
Lcm 39 Ltd
0.09
 10.673
10/15/2034
1,214,684
Halseypoint Clo 7 Ltd
0.09
 5.875
07/20/2038
1,209,519
Carlyle Us Clo 2021-7 Ltd
0.09
 4.873
04/15/2038
1,155,830
Sound Point Clo Xxvi Ltd
0.08
 5.107
07/20/2034
1,106,137
Dryden 104 Clo Ltd
0.08
 5.256
08/20/2034
1,089,442
Midocean Credit Clo Xiv Ltd
0.08
 --
04/15/2037
1,010,296
Wind River 2023-1 Clo Ltd
0.08
 5.717
07/25/2038
1,007,737
Sound Point Clo Xxiii
0.08
 5.105
07/15/2034
1,005,734
Anchorage Capital Clo 17 Ltd
0.08
 4.903
02/15/2038
1,005,381
Allegro Clo Xv Ltd
0.08
 4.855
04/20/2038
1,003,907
Bain Capital Credit Clo 2021-7 Ltd
0.07
 10.164
01/22/2035
983,790
Kkr Clo 27 Ltd
0.07
 9.923
01/15/2035
959,230
Regatta Xii Funding Ltd
0.05
 4.773
10/15/2037
603,002
Bluemountain Clo 2018-3 Ltd
0.04
 4.857
10/25/2030
585,362
Lcm 29 Ltd
0.02
 5.005
04/15/2031
324,880
Dryden 64 Clo Ltd
0.01
 4.907
04/18/2031
187,786
--
0.08
 --
--
1,059,473
Other/Cash
-1.45
 --
--
-19,097,181
← 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

Team

Resources

Regulatory Information

Fund Documents

Thought Leadership

CLOI