CLOI Fees and Costs — VanEck CLO ETF
Data updated: 2026-10-07
The net expense ratio is 0.29%. There are no sales loads or redemption fees. Portfolio turnover was 39%.
CLOI Fees and Expenses
Annual operating expenses and sales charges of CLOI. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CLOI Costs Over Time
On $10,000 invested in CLOI, assuming 5% a year before costs, total costs come to $184 over 5 years, cutting the return by 0.30% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.29%) | $30 | $96 | $167 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $30 | $100 | $184 |
| Value after costs | $10,470 | $11,476 | $12,579 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
CLOI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
CLOI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $407.1M | 22.67% |
| BMO Capital Markets Corp. | $384.7M | 21.42% |
| Morgan Stanley & Co. LLC | $166.2M | 9.26% |
| BNP Paribas Securities Corp. | $146.7M | 8.17% |
| BofA Securities, Inc. | $143.7M | 8.00% |
| Wells Fargo Securities, LLC | $121.6M | 6.77% |
| Citigroup Global Markets Inc. | $118.9M | 6.62% |
| Deutsche Bank Securities Inc. | $109.3M | 6.09% |
| Goldman Sachs & Co. LLC | $99.9M | 5.56% |
| SG Americas Securities, LLC | $97.7M | 5.44% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.