Key stats
About VanEck CLO ETF
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Inception date
Jun 21, 2022
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
VanEck Asset Management BV
Distributor
Van Eck Securities Corp.
ISIN
US92189H7483
CLOI actively invests in collateralized loan obligations of any maturity, which it may purchase from both primary and secondary markets. The fund invests at least 80% of its assets in investment-grade CLO bonds. CLOI does not invest in securities rated below BB-/Ba3, limiting any high-yield exposure to only the upper end of the spectrum. While the fund targets USD-denominated CLOs, it may invest up to 30% in foreign debt securities. The sub-adviser uses a bottom-up analysis, together with a top-down overlay, to select investments that considers 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. The fund may invest up to 10% of its assets in ETFs. The portfolio managers have full discretion to make buy, sell, and hold decisions at any time.
Related funds
Classification
What's in the fund
Exposure type
Securitized
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CLOI assets under management is 1.20 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CLOI invests in bonds. See more details in our Analysis section.
CLOI expense ratio is 0.36%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CLOI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, CLOI pays dividends to its holders with the dividend yield of 5.73%.
CLOI shares are issued by Van Eck Associates Corp.
CLOI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 21, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.