Key stats
About VanEck AA-BB CLO ETF
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Inception date
Sep 24, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
ISIN
US92189H6568
CLOB seeks current income and capital preservation through an actively managed portfolio that primarily consists of collateralized loan obligations (CLOs) rated between AA+ and BB-. The fund will not invest more than 10% of its net assets in CLOs rated below BB- or above AA+ at the time of purchase. The portfolio may hold CLOs of any maturity purchased from both primary and secondary markets. While the fund targets USD-denominated CLOs, it may invest up to 30% in foreign debt securities while seeking to hedge any foreign currency exposure to USD. The fund The sub-adviser uses a bottom-up analysis, together with a top-down overlay, to select investments that consider factors such as assessments of the CLO manager, the underlying collateral, performance under various stress scenarios, and analyses of documents and structural terms. The fund may invest in derivatives, cash, or other short-term instruments and may invest up to 10% of its assets in ETFs.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized95.61%
Government6.89%
Cash−2.50%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CLOB invests in bonds. The fund's major sectors are Securitized, with 95.61% stocks, and Government, with 6.89% of the basket. The assets are mostly located in the N/A region.
CLOB last dividends amounted to 0.28 USD. The month before, the issuer paid 0.30 USD in dividends, which shows a 10.60% decrease.
CLOB assets under management is 137.46 M USD. It's risen 12.57% over the last month.
CLOB fund flows account for 111.57 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CLOB pays dividends to its holders with the dividend yield of 6.54%. The last dividend (Sep 5, 2025) amounted to 0.28 USD. The dividends are paid monthly.
CLOB shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Sep 24, 2024, and its management style is Active.
CLOB expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
CLOB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CLOB invests in bonds.
CLOB price has fallen by −0.10% over the last month, and its yearly performance shows a 1.42% increase. See more dynamics on CLOB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.64% over the last month, showed a 2.24% increase in three-month performance and has increased by 5.14% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.64% over the last month, showed a 2.24% increase in three-month performance and has increased by 5.14% in a year.
CLOB trades at a premium (0.30%) meaning the ETF is trading at a higher price than the calculated NAV.