VanEck AA-BB CLO ETF
CLOB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- Sep 25, 2024
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck AA-BB CLO ETF (CLOB) is an actively managed exchange-traded fund that seeks capital preservation and current income by investing primarily in AA to BB rated tranches of collateralized loan obligations (CLOs) of any maturity. The ETF normally allocates at least 80% of its total assets to these mezzanine CLO tranches, which offer yield pickup relative to similarly rated corporate bonds and loans along with structural protection against credit loss; it may also hold USD-denominated high-quality CLOs, high-yield bonds in foreign currencies, U.S. Treasury bills, and cash equivalents. Key holdings as of December 2025 include Octagon 64 Ltd (6.62%), United States Treasury Bill (5.24%), Rockford Tower CLO 2022-1 Ltd (4.64%), and Dryden 95 CLO Ltd (4.58%), with a portfolio of 51 holdings diversified across investment-grade (AA, A, BBB totaling 85.86%) and non-investment-grade (BB at 13.49%) tranches. Launched on September 24, 2024, and headquartered in New York, NY, as part of VanEck, a firm founded in 1955 managing approximately $113.9 billion in assets as of August 2024, CLOB is sub-advised by PineBridge Investments, a $169.7 billion global asset manager with decades of CLO experience as both originator and investor. The fund operates in the bank loan and non-government asset-backed securities segments, targeting income-focused investors seeking floating-rate exposure insulated from interest rate volatility amid market uncertainty; it distributes income monthly, with a 30-day SEC yield of 6.26%, distribution yield of 6.20%, and 12-month yield of 6.50% as of December 16, 2025. In a key recent development, VanEck launched CLOB on September 25, 2024, to expand access to the $1.5 trillion global CLO market beyond investment-grade tranches offered by its sister fund, VanEck CLO ETF (CLOI, launched June 2022), leveraging PineBridge's expertise in mezzanine CLOs for higher yield potential through active, risk-managed allocation. This strategic extension complements VanEck's income-focused ETF lineup, including FLTR, ANGL, and BIZD, amid rising demand for CLO alternatives in shifting interest rate environments; as of December 16, 2025, CLOB's total net assets reached $152.57 million with a net expense ratio of 0.45%. The fund trades on U.S. exchanges with daily pricing and liquidity benefits of the ETF structure.