Key stats
About VanEck ETF Trust VanEck AA-BB CLO ETF
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Inception date
Sep 25, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
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%
Securitized97.36%
Cash2.64%
Top 10 holdings
Dividends
Dividend payout history