CLOBVanEck AA-BB CLO ETF

Get income1y track recordRanked #847 of 1,622 in this goal

Seeks capital preservation and current income.

By VanEck · Launched 2024

Annual Cost

0.45%

#2,223 of 5,562 · average

Fund Size

$177M

#2,391 of 5,562 · mid-size

Dividend YieldGoal

6.45%

Track Record

1 year

#3,844 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,631+6.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Strategy

Active selection

Focus

CLO

What it actually holds

By weight

Concentration

Top 10 holdings = 41.1% of fundmoderately concentrated

Octagon 64 Ltd

6.6%

Rockford Tower CLO Ltd

4.6%

United States Treasury

4.6%

Dryden Senior Loan Fund

4.6%

Rockford Tower CLO Ltd

4.3%

Capital Four US CLO

3.3%

Signal Peak CLO, LLC

3.3%

Brant Point CLO Ltd

3.3%

KKR Financial CLO Ltd

3.3%

Neuberger Berman CLO Ltd

3.3%

Asset allocation

Bonds

93.6%

Cash

6.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.0%Low

Year-on-year price swings

Max drawdown

-5.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

6.0 years

Avg maturity

9.9 years

Credit ratings

US Government

6.0%

AAA

1.4%

36.3%

20.4%

BBB

23.1%

9.0%

Other

9.8%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks capital preservation and current income.
Strategy: Actively managed ETF investing primarily in CLOs rated AA+ to BB-. Uses bottom-up analysis for investment selection and may hedge currency exposure with derivatives.
Inception date: September 24, 2024
Fund family: VanEck