AAA

Alternative Access First Priority CLO Bond ETF

No trades
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Key stats

Assets under management (AUM)
‪22.47 M‬USD
Fund flows (1Y)
‪14.95 M‬USD
Dividend yield (indicated)
6.22%
Discount/Premium to NAV
0.4%

About Alternative Access First Priority CLO Bond ETF

Issuer
Alternative Access Funds LLC
Brand
Alternative Access
Expense ratio
0.25%
Home page
Inception date
Sep 9, 2020
Index tracked
No Underlying Index
Management style
Active
AAA is actively managed but follows strict guidelines to select portfolio holdings. The fund selects AAA-rated, broadly syndicated senior-secured debt tranches of USD-denominated collateralized loan obligations of both domestic and foreign issuers. CLOs of any maturity are considered. Broadly syndicated senior-secured loans pay lower interest rates but, in the case of default, are repaid by the cash flows of the underlying assets ahead of junior tranches. The CLOs purchased by the fund will be the senior-most tranches, consisting of floating rate bonds that rank first in priority of payments at the time the CLO is issued. The fund adviser will limit exposure to single securities to 5% and single CLO manager exposure to 10%. CLOs that fall below investment grade or exceed a maximum Weighted Average Rating Factor threshold after purchase are reviewed and acted upon based on the adviser's discretion. Before March 26, 2024, the fund traded as AXS First Priority CLO Bond ETF.

Classification

Asset Class
Fixed income
Category
Corporate, bank loans
Focus
Investment grade
Niche
Floating rate
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows