VanEck AA-BB CLO ETF
$50.19+0.04 (+0.08%)
- 0.45%
- $196M
- +5.1%
- 6.11%
- 0M sh
- $50.28
- low $49.28high $51.18
The ETF.net CLOB Grade
D
Score 37 out of 100
- 70 of 85
Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 45 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.F1 out of 100Rank 71 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B67 out of 100Rank 4 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 23 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D25 out of 100Rank 76 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 58 of 85
Our read on CLOB
DMost bond funds buy the loans. CLOB buys the machinery that repackages them: AA-through-BB slices of collateralized loan obligations, picked by an active team rather than an index, with income paid monthly.
The fund is actively managed and seeks capital preservation and current income. It invests primarily in AA to BB rated tranches of collateralized loan obligations of any maturity.
Why people hold it
- Narrow, legible mandate: AA to BB rated CLO tranches, the mezzanine middle of the stack rather than the senior top, with capital preservation and current income as the stated goals.
- Actively run, not index-cloned, but measured against a public yardstick (the JP Morgan CLOIE Balanced Mezzanine Index), so you can see what the managers are being judged on.
- Distributions land monthly, and the book stays compact at roughly 60 positions, so each tranche the team picks actually shows up in the result.
Worth knowing
- 0.45% a year sits above the typical high-yield bond ETF, where plain corporate-credit index funds like SCYB (0.03%) and SPHY (0.05%) live. Different job, different sticker.
- It gets shelved with high-yield bond funds, but structured CLO tranches are a different animal from corporate bonds. Side-by-side peer comparisons do not map cleanly.
- Launched in 2024 and thinly traded, so the track record is short and bid-ask spreads can widen when the tape gets quiet.
CLOB Holdings
- Other
- 74
- 34%
- Octagon 64 Ltd
Geography
- United States100.00%
CLOB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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CLOB$10,510
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CLOB |
|---|---|
| Year to date | +3.4% |
| 1 month | +0.3% |
| 3 months | +1.1% |
| 1 year | +5.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CLOB |
|---|---|---|
| 2026 YTD | +3.4% | |
| 2025 | +6.9% | |
| 2024 | +2.8% |
CLOB in the news
CLOB Dividends
- 6.11%
- $3.06
- $0.23 per share
- Monthly
Distribution history
CLOB Risk
- 2.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.89
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CLOB Cost
0.45%
CLOB0.45%
- The middle half of US High Yield funds
- Median 0.43%
44 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- DBKLNInvesco Senior Loan ETFExpense ratio 0.67%1 year return +5.0%
- DGTOHInvesco Short Duration High Yield ETFExpense ratio 0.49%1 year return —
- DHYSABondBloxx High Yield Income ETFExpense ratio 0.55%1 year return +2.2%
- DKHYBKraneShares Asia Pacific High Income USD Bond ETFExpense ratio 0.69%1 year return +5.5%
- DHYHGProShares - High Yield - Interest Rate HedgedExpense ratio 0.50%1 year return +7.1%