AAA

ALTERNATIVE ACCESS FIRST PRIORITY CLO BOND ETF

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 DOCUMENTS
File Description HTML PDF
Summary Prospectus
Prospectus
SAI ---
Annual Report ---
N-Port ---
Disclosure

FUND DATA & PRICING
Net Assets as of 07/24/2024 $22.56m
NAV $25.07
Shares Outstanding 900,000
Premium/discount Percentage 0.26%
Closing Price $25.14
30 Day Median Bid/Ask Spread ---

Data as of 07/24/2024

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.

FUND DETAILS
Inception Date 09/09/2020
Ticker AAA
Primary Exchange NYSE
CUSIP 46144X610
Asset Class Fixed Income
Number of Holdings 45
IOPV Symbol AAA.IV
NAV Symbol AAA.NV
Expense Ratio 0.25%
30 Day SEC Yield * 6.44%

* As of 30 June 2024

PERFORMANCE Returns as of 6/30/2024
  AVG. ANNUALIZED
  1 Month 3 Month YTD 1 Year 2 Year 3 Year Since Inception
Market Price 0.48% 1.58% 3.44% 8.68% 7.51% 4.31% 3.62%
Fund NAV 0.48% 1.75% 3.62% 8.30% 7.27% 4.18% 3.57%
Bloomberg Barclays US FRN < 5 Years Index 0.46% 1.55% 3.38% 6.76% 6.07% 3.86% 3.22%

Expense ratio: 0.25%

Data will be updated upon rolling performance after September 30, 2020. Returns greater than 1 year are annualized. 

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 323-925-3305.

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.

DISTRIBUTION DETAIL
EX-Date Record Date Payable Date Amount
30 January 2024 31 January 2024 1 February 2024 0.117418
28 February 2024 29 February 2024 1 March 2024 0.132050
27 March 2024 28 March 2024 1 April 2024 0.135142
30 April 2024 1 May 2024 2 May 2024 0.11605
31 May 2024 31 May 2024 3 June 2024 0.14804
28 June 2024 28 June 2024 1 July 2024 .12955
31 July 2024 31 July 2024 1 August 2024 Pending
30 August 2024 30 August 2024 3 September 2024 Pending
30 September 2024 30 September 2024 1 October 2024 Pending
31 October 2024 31 October 2024 1 November 2024 Pending
29 November 2024 29 November 2024 2 December 2024 Pending
December - Pending December - Pending December - Pending Pending
KEY METRICS As of 07/01/2024
Days at Premium YTD 125
Days at NAV YTD 0
Days at Discount YTD 0
Days at Premium Prior Year 101
Days at NAV Prior Year 2
Days at Discount Prior Year 147
TOP 10 HOLDINGS
Percentage Of Net Assets Name CUSIP Shares Held Market Value
11.74 CASH CASH 2649653 2649652.87
4.52 ROCKT 2024-1A A1 V/R 04/20/37 77342BAA8 1000000 1020239.51
4.47 LCM 41A A1 V/R 04/15/36 501971AA3 1000000 1009622.67
4.47 NEUB 2020-39A A1 V/R 04/20/38 64134GAL3 1000000 1007408.19
4.00 LCM 32A A1 V/R 07/20/34 50204AAA4 900000 901475.36
3.99 REGT6 2016-1A AR V/R 04/20/34 75887NAW9 900000 900892.75
3.88 BATLN 2016-10A A V/R 01/25/35 07132JBC7 875000 875537.12
3.57 SYMP 2022-35A AR V/R 10/24/36 871980AQ1 800000 804530.37
3.38 MP8 2015-2A ARR V/R 04/28/34 62481WAL1 750000 763458.26
3.34 VOYA 2022-3A A1R V/R 10/20/36 92891LAH5 750000 754059.88

Data as of 07/24/2024. Holdings are subject to change.

LIBRARY
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AAA Fund Fact Sheet

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