CLOB
VanEck AA-BB CLO ETF
CLOB
VanEck AA-BB CLO ETF
CLOB
VanEck AA-BB CLO ETF
CLOB
VanEck AA-BB CLO ETF
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NAV$50.06
as of September 26, 2024 -
Performance since inception0.11%
as of September 26, 2024 -
Total Net Assets$25.03M
as of September 26, 2024 -
Total Expense Ratio0.45%
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Inception Date09/24/2024
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30-Day SEC Yield--
Fund Description
The VanEck AA-BB CLO ETF (CLOB) is an actively managed ETF, sub-advised by PineBridge Investments, seeking capital preservation and current income. It invests primarily in AA to BB rated tranches of collateralized loan obligations (“CLOs”) of any maturity.
Overview
Fund Highlights
- Identifies attractive opportunities in mezzanine CLOs
- 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
Meet PM Laila Kollmorgen
Performance
Fees
Holdings
Portfolio
Credit Quality (%)† as of 09/25/2024
Composite | % of Net Assets |
|
---|---|---|
Investment Grade | AA | 56.34 |
BBB | 28.37 | |
Non-Investment Grade | BB | 15.29 |
Total Investment Grade | -- | 84.71 |
Total Non-Investment Grade | -- | 15.29 |
Maturity (%) as of