VanEck CLO ETFVanEck CLO ETFVanEck CLO ETF

VanEck CLO ETF

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Key stats


Assets under management (AUM)
‪720.80 M‬USD
Fund flows (1Y)
‪506.62 M‬USD
Dividend yield (indicated)
6.37%
Discount/Premium to NAV
0.1%

About VanEck CLO ETF


Issuer
Van Eck Associates Corp.
Brand
VanEck
Expense ratio
0.40%
Home page
Inception date
Jun 21, 2022
Index tracked
No Underlying Index
Management style
Active
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.

Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
Broad credit
Niche
Floating rate
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Securitized
Bonds, Cash & Other100.00%
Securitized91.66%
Government9.87%
Cash−1.53%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.