Gain exposure to a diversified portfolio of AAA-rated collateralized loan obligations (CLOs).
First Priority CLO Bond ETF [Ticker: AAA]
Alternative Access’ AAA ETF seeks capital preservation and income by trying to provide credit investors with diversified exposure to AAA-rated CLOs. AAA CLOs are a type of debt security supported by cashflows from secured, first lien loans.
- Provides efficient, direct access to AAA-rated CLO bonds
- Seeks to deliver relatively higher income by investing principally in AAA-rated or equivalent Collateralized Loan Obligations (CLOs)”
- Offers diversification benefits through a broad spectrum of underlying corporate borrowers
- Actively managed with a strict set of investment guidelines
|FUND DATA & PRICING|
|Net Assets as of 10/22/2021||$10.03m|
|NAV Change ($)||0.00|
|NAV Change (%)||0.01|
|Change in Closing Price ($)||0.00|
|Change in Closing Price (%)||0.00|
|30 Day Median Bid/Ask Spread||0.08%|
Data as of 10/22/2021
IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.
Median Bid/Ask Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
|Asset Class||Fixed Income|
|Number of Holdings||29|
|30 Day SEC Yield *||1.00%|
* As of 9/30/2021
|PERFORMANCE||Returns as of 09/30/2021|
|Quarter||1 Year||3 Year||YTD||Since Inception|
|Bloomberg Barclays US FRN < 5 Years Index||0.12%||0.84%||TBD||0.51%||0.84%|
Expense ratio: 0.25%
Data will be updated upon rolling performance after September 30, 2020.
The Bloomberg Barclays Floating Rate Note < 5 Years Total Return Index measures the performance of USD denominated, investment grade, floating-rate notes across corporate and government-related sectors. It is not possible to invest in an index.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 917.535.5737.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
The market price is the final price at which a security is traded on a given trading day. Net Asset Value (NAV) is value per share on a specific date or time.
|EX-Date||Record Date||Payable Date||Amount|
|October 1, 2020||October 2, 2020||October 5, 2020||$0.013|
|November 2, 2020||November 3, 2020||November 4, 2020||$0.0225|
|December 1, 2020||December 2, 2020||December 3, 2020||$0.022|
|December 29, 2020||December 30, 2020||December 31, 2020||$0.0231675|
|February 1, 2021||February 2, 2021||February 3, 2021||$0.022|
|March 1, 2021||March 2, 2021||March 3, 2021||$0.0195|
|March 31, 2021||April 1, 2021||April 2, 2021||$0.024|
|May 3, 2021||May 4, 2021||May 5, 2021||$0.027|
|June 1, 2021||June 2, 2021||June 3, 2021||$0.024|
|July 1, 2021||July 2, 2021||July 6, 2021||$0.023|
|August 2, 2021||August 3, 2021||August 4, 2021||$0.023|
|August 31, 2021||September 1, 2021||September 2, 2021||$0.02|
|October 1, 2021||October 4, 2021||October 5, 2021||$0.021|
|PORTFOLIO METRICS||As of 08/13/2021|
|Weighted Average Price||100.03|
|Weighted Average Coupon||1.24|
|Weighted Average Coupon Spread||111.27|
|Weighted Average Years to Call||0.48|
|Weighted Average Years to End of Reinvestment||1.77|
|KEY METRICS||As of 09/30/2021|
|Days at Discount||140|
|Days at Premium||48|
|Days at NAV||0|
|TOP 10 HOLDINGS|
|Percentage Of Net Assets||Name||Identifier||Shares Held||Market Value|
|5.70||Cash & Other||Cash&Other||571809.42||571809.42|
|4.99||DRYDEN CLO LTD 2018-58 1.12225% 07/17/2031||26245RAA8||500000.00||500000.00|
|4.99||MADISON PRK FDG XVIII 2015-18R A-1-R 20301021 FLT||55819BAL4||500000.00||499997.70|
|4.98||OCTAGON INV PTNS 2018-36 1.09375% 04/15/2031||67591UAC1||500000.00||499856.75|
|4.84||CBAM 2017-1 LTD 1.3815% 07/22/2030||12480VAC9||485000.00||485290.27|
|4.83||DRYDEN XXVI SR LN FD 2013-26R A-R 1.02375% 04/16/2||26250UAQ8||484830.00||484755.43|
|4.48||AMMC CLO 15 LTD 2014-15RR 1.38375% 01/15/2032||00175MBF6||448904.00||448906.33|
|4.27||VOYA CLO 2015-1R 1.02225% 01/18/2029||92914NAJ0||428723.00||428651.49|
|3.99||PALMER SQUARE CLO 2019-1 LTD A-1 1.46475% 11/15/20||69700GAA0||400000.00||400320.72|
|3.74||VOYA CLO LTD 2018-3 1.27375% 10/15/2031||92917KAA2||375000.00||375430.54|
Data as of 10/25/2021. Holdings are subject to change.