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$50.57
as of November 15, 2024 -
Performance since inception1.59%
as of November 15, 2024 -
Total Net Assets$50.57M
as of November 15, 2024 -
Total Expense Ratio0.45%
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Inception Date09/24/2024
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30-Day SEC Yield6.73%
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 PineBridge Portfolio Manager Laila Kollmorgen