CLOB
VanEck AA-BB CLO ETF
CLOB
VanEck AA-BB CLO ETF
CLOB
VanEck AA-BB CLO ETF
CLOB
VanEck AA-BB CLO ETF
-
NAV$50.55
as of December 27, 2024 -
Performance since inception2.20%
as of December 27, 2024 -
Total Net Assets$60.66M
as of December 27, 2024 -
Total Expense Ratio0.45%
-
Inception Date09/24/2024
-
30-Day SEC Yield6.95%
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