VanEck AA-BB CLO ETF (CLOB)
| Assets | $60.91M |
| Expense Ratio | 0.45% |
| PE Ratio | n/a |
| Shares Out | 1.20M |
| Dividend (ttm) | $0.55 |
| Dividend Yield | 1.08% |
| Ex-Dividend Date | Dec 2, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | n/a |
| Volume | 1,084 |
| Open | 50.82 |
| Previous Close | 50.77 |
| Day's Range | 50.80 - 50.82 |
| 52-Week Low | 50.05 |
| 52-Week High | 50.82 |
| Beta | n/a |
| Holdings | n/a |
| Inception Date | Sep 24, 2024 |
About CLOB
Fund Home PageThe VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 2, 2024 | $0.318 | Dec 5, 2024 |
| Nov 1, 2024 | $0.230 | Nov 6, 2024 |
News
CLOB: New Diversified CLO ETF By VanEck, Strong 7.0% Yield To Maturity
CLOB invests in a diversified portfolio of debt CLOs. Ratings range from AA to BB. Overall credit quality is high, with a strong 8.0% distribution yield. It is a young fund, created late September. Sh...
Time Is Right for CLO ETFs
The Federal Reserve obliged fixed income investors by lowering interest rates in September. However, spreads for investment-grade and high-yield debt are tight.
CLO ETFs: Resilient in the Face of Lower Rates?
Two years ago, the Federal Reserve's rate-hiking campaign ushered in a wave of interest in CLOs. Sticky inflation and higher-for-longer rates drove investors to seek refuge in high-quality, floating-r...