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CLOI Stock - VanEck CLO ETF

Expense Ratio: 0.4%

CLOI ETF Stock Chart

CLOI Profile

VanEck CLO ETF logo

The VanEck CEF Municipal Income ETF, with the ticker symbol CLOI, is an exchange-traded fund that seeks to track the performance of the S-Network Municipal Bond Closed-End Fund Index. The ETF invests primarily in closed-end funds that invest in municipal bonds. Here's an extended company report for the VanEck CEF Municipal Income ETF:

VanEck CEF Municipal Income ETF was launched in 2021 by VanEck, a global investment management firm. The ETF seeks to provide investment results that correspond to the performance of the S-Network Municipal Bond Closed-End Fund Index, which is designed to measure the performance of closed-end funds that invest in municipal bonds.

The VanEck CEF Municipal Income ETF invests primarily in closed-end funds that invest in municipal bonds. The ETF provides investors with exposure to the municipal bond market through a diversified portfolio of closed-end funds. The ETF's investment strategy seeks to provide exposure to the municipal bond market while maintaining a diversified portfolio of investments.

As of March 18, 2023, the VanEck CEF Municipal Income ETF had a net asset value of approximately $43 million. The ETF's expense ratio is 0.45%, which is lower than the average expense ratio for similar ETFs.

Investing in the VanEck CEF Municipal Income ETF involves risks, including the risk that the ETF's performance may be affected by changes in the municipal bond market, changes in interest rates, and other factors that may impact the closed-end funds in which the ETF invests. In addition, the ETF's performance may be affected by changes in market conditions, as well as fluctuations in the prices of individual securities held by the ETF.

In conclusion, the VanEck CEF Municipal Income ETF provides investors with exposure to the municipal bond market through a diversified portfolio of closed-end funds. The ETF's investment strategy seeks to provide exposure to the municipal bond market while maintaining a diversified portfolio of investments. However, investors should carefully consider the risks and potential benefits of investing in the VanEck CEF Municipal Income ETF before making any investment


 

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