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VanEck CLO ETF

Active ETF
CLOI
Payout Change
Pending
Price as of:
$52.6 -0.15 -0.28%
primary theme
N/A
CLOI (ETF)

VanEck CLO ETF

Payout Change
Pending
Price as of:
$52.6 -0.15 -0.28%
primary theme
N/A
CLOI (ETF)

VanEck CLO ETF

Payout Change
Pending
Price as of:
$52.6 -0.15 -0.28%
primary theme
N/A

Name

As of 05/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck CLO ETF

CLOI | Active ETF

$52.60

$268 M

6.76%

$3.57

0.40%

Vitals

YTD Return

3.2%

1 yr return

8.9%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$268 M

Holdings in Top 10

35.7%

52 WEEK LOW AND HIGH

$52.8
$51.26
$52.93

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 05/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck CLO ETF

CLOI | Active ETF

$52.60

$268 M

6.76%

$3.57

0.40%

CLOI - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 6.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck CLO ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Jun 21, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”) that normally invests at least 80% of its total assets in investment grade-rated debt tranches of collateralized loan obligations (“CLOs”) of any maturity. Investment grade CLO securities are rated inclusive and above BBB- by S&P Global Ratings or Baa3 Moody’s Investors Service, Inc. (or equivalent rating issued by a nationally recognized statistical rating organization (“NRSRO”)), or if unrated, determined to be of comparable credit quality by the Adviser and/or PineBridge Investments LLC, the Fund’s sub-adviser (the “Sub-Adviser”). The Fund will not invest in any CLO equity security or in any CLO debt security rated below BB-/Ba3 or if unrated, determined to be of comparable credit quality by the Adviser and/or the Sub-Adviser. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders. This percentage limitation applies at the time of the investment.
For purposes of the Fund’s investment policies, CLOs are trusts that are typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans, and including “covenant lite” loans, which have few or no financial maintenance covenants. CLOs may also hold debt securities rated below investment grade. The Fund is actively managed and does not seek to track the performance of any particular index.
The Fund intends to invest primarily in CLO securities that are U.S. dollar denominated. However, the Fund may from time to time invest up to 30% of its net assets in CLO securities that are denominated in foreign currencies. To the extent the Fund invests in non-U.S. dollar denominated securities, it may seek to hedge its exposure to foreign currency to U.S. dollars, as described more fully below.
The Fund may purchase CLO securities both in the primary (e.g. purchased directly from the issuer) and secondary markets. The Sub-Adviser uses a bottom-up analysis to select CLO investments which considers several factors, including an assessment of the CLO manager, the CLO’s underlying collateral, performance under various stress scenarios and an analysis of the CLO’s documentation and structural terms. The Fund’s portfolio is constructed using this security-level analysis, combined with a top-down overlay which incorporates the Sub-Adviser’s credit views as well as risk factor positioning.
The Fund may invest in derivatives in order to seek to mitigate risks associated with the Fund’s existing portfolio of CLOs. Derivatives are instruments that have a value derived from, or directly linked to, an underlying asset, such as fixed-income securities, interest rates, currencies, or market indices. The Fund currently expects that its use of derivatives will be limited to currency forward contracts or futures contracts to hedge certain foreign currency exposure. Forward contracts involve the purchase or sale of a specific quantity of a commodity, government security, foreign currency, or other asset at a specified price, with delivery and settlement at a specified future date. Forward contracts may be used by the Fund for hedging purposes to protect against uncertainty in the level of future foreign currency exchange rates, such as when the Fund anticipates purchasing or selling a foreign security. For example, this technique would allow the Fund to “lock in” the U.S. dollar price of the security. Forward contracts may also be used to attempt to protect the value of the Fund’s existing holdings of foreign securities.
The Fund may invest up to 10% of its net assets in affiliated or non-affiliated ETFs. The Fund may invest a portion of its assets in cash or other short-term instruments, such as money market instruments or money market funds, while deploying new capital, for liquidity management purposes, managing redemptions, or for defensive purposes, including navigating unusual market conditions.
The Fund is classified as a non-diversified fund and, therefore, may invest a greater percentage of its assets in a particular issuer.
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CLOI - Performance

Return Ranking - Trailing

Period CLOI Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -6.9% 6.5% N/A
1 Yr 8.9% -14.7% 23.8% N/A
3 Yr N/A* -8.2% 56.8% N/A
5 Yr N/A* -8.1% 29.5% N/A
10 Yr N/A* -5.2% 13.8% N/A

* Annualized

Return Ranking - Calendar

Period CLOI Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -22.9% 5.5% N/A
2022 N/A -6.3% 5.5% N/A
2021 N/A -7.9% 57.4% N/A
2020 N/A -2.1% 5.5% N/A
2019 N/A -4.2% 12.9% N/A

Total Return Ranking - Trailing

Period CLOI Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -6.9% 6.5% N/A
1 Yr 8.9% -14.7% 24.7% N/A
3 Yr N/A* -8.2% 56.8% N/A
5 Yr N/A* -8.1% 29.5% N/A
10 Yr N/A* -5.2% 13.8% N/A

* Annualized

Total Return Ranking - Calendar

Period CLOI Return Category Return Low Category Return High Rank in Category (%)
2023 8.9% -22.9% 5.5% N/A
2022 N/A -6.3% 5.5% N/A
2021 N/A -7.9% 57.4% N/A
2020 N/A -2.1% 5.5% N/A
2019 N/A -4.2% 12.9% N/A

CLOI - Holdings

Concentration Analysis

CLOI Category Low Category High CLOI % Rank
Net Assets 268 M 25 M 13.1 B N/A
Number of Holdings 68 12 1447 N/A
Net Assets in Top 10 83.9 M -191 M 2.54 B N/A
Weighting of Top 10 35.74% 4.6% 91.9% N/A

Top 10 Holdings

  1. OZLM Funding II Ltd 5.32%
  2. Canyon Capital CLO 2012-1 R Ltd 4.53%
  3. Canyon Capital CLO 2016-1 Ltd 4.27%
  4. LCM Loan Income Fund I Income Note Issuer Ltd 3.85%
  5. Columbia Cent CLO 31 Ltd 3.50%
  6. Barings CLO Ltd 2016-II 3.27%
  7. Sounds Point CLO IV-R LTD 2.96%
  8. Trinitas CLO XXV Ltd 2.90%
  9. Carlyle Global Market Strategies CLO 2012-4 Ltd 2.59%
  10. Canyon Capital CLO 2016-2 Ltd 2.55%

Asset Allocation

Weighting Return Low Return High CLOI % Rank
Bonds 		98.62% 28.71% 161.82% N/A
Cash 		1.38% -61.90% 58.61% N/A
Stocks 		0.00% 0.00% 51.23% N/A
Preferred Stocks 		0.00% -3.99% 1.54% N/A
Other 		0.00% -54.21% 26.58% N/A
Convertible Bonds 		0.00% 0.00% 5.51% N/A

Bond Sector Breakdown

Weighting Return Low Return High CLOI % Rank
Derivative 		0.00% 0.00% 7.03% N/A
Cash & Equivalents 		0.00% 0.00% 58.41% N/A
Securitized 		0.00% 0.00% 96.93% N/A
Corporate 		0.00% 0.00% 99.80% N/A
Municipal 		0.00% 0.00% 0.47% N/A
Government 		0.00% 0.00% 5.93% N/A

Bond Geographic Breakdown

Weighting Return Low Return High CLOI % Rank
US 		98.62% 14.05% 128.54% N/A
Non US 		0.00% 0.00% 84.20% N/A

CLOI - Expenses

Operational Fees

CLOI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.03% 7.31% 99.05%
Management Fee 0.40% 0.00% 1.89% 2.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

CLOI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

CLOI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CLOI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.00% 215.00% N/A

CLOI - Distributions

Dividend Yield Analysis

CLOI Category Low Category High CLOI % Rank
Dividend Yield 6.76% 0.00% 9.41% 94.64%

Dividend Distribution Analysis

CLOI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CLOI Category Low Category High CLOI % Rank
Net Income Ratio N/A 1.56% 10.22% N/A

Capital Gain Distribution Analysis

CLOI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CLOI - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 23.43 6.03 3.25

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