VanEck AA-BB CLO ETF
$50.40−0.02 (−0.04%)
- Expense ratio
- 0.45%
- Fund size
- $186M
- 1Y return
- +5.3%
- Yield · Last 12 months
- 6.15%
- Holdings
- 62
- Volume · 30D
- 0M sh
- NAV per share
- $50.38
- 52W range
The ETF.net CLOB Grade
Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 12Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 64Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 60Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 23Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 45Category rank
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
- 62
- 36%
- 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.
Returns run to the Sep 22, 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 | +3.5% |
| 1 month | +0.7% |
| 3 months | +1.5% |
| 1 year | +5.3% |
| 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 | +3.5% | |
| 2025 | +6.9% | |
| 2024 | +2.8% |
CLOB in the news
ETF.net Research hasn’t filed on CLOB yet — coverage lands here as it’s written.
CLOB Dividends
- 6.15%
- $3.10
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.25 |
| Aug 3, 2026 | Aug 6, 2026 | $0.25 |
| Jul 1, 2026 | Jul 7, 2026 | $0.25 |
| Jun 1, 2026 | Jun 4, 2026 | $0.25 |
| May 1, 2026 | May 6, 2026 | $0.24 |
| Apr 1, 2026 | Apr 7, 2026 | $0.25 |
| Mar 2, 2026 | Mar 5, 2026 | $0.23 |
| Feb 2, 2026 | Feb 5, 2026 | $0.24 |
| Dec 29, 2025 | Dec 31, 2025 | $0.33 |
| Nov 28, 2025 | Dec 3, 2025 | $0.26 |
| Nov 3, 2025 | Nov 6, 2025 | $0.28 |
| Oct 1, 2025 | Oct 6, 2025 | $0.26 |
CLOB Risk
- 2.6%
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.
- 0.90
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
- The middle half of US High Yield funds
- Median 0.43%
43 of the 84 US High Yield funds charge less.