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 | |
| Summary Prospectus | Condensed version of AAA's full statutory prospectus | --- |
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| Prospectus | Detailed information about AAA, including its investment objectives, strategies, risks, past performance, and fees. | --- |
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| Statement of Additional Information | More comprehensive view of AAA's structure, management, and financial practices | --- |
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| Annual Report FYE 31 March 2025 | Summary of AAA's financial performance, activities, and overall status for YE 31 March 2025 | --- |
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| Annual Financials FYE 31 March 2025 | AAA's annual financial information for YE 31 March 2025 | --- |
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| N-PX | AAA's proxy voting records | --- |
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| N-Port | AAA's monthly portfolio holdings report |
|
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| Schedule of Investments | A detailed listing of AAA's holdings | --- |
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| Disclosure Statement | A short description of AAA's structure, operations, fees, risks, and other important details |
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| Semi-Annual Report | Summary of AAA's financial performance, activities, and overall status for the 6 months ending 30 September 2025 | --- |
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| Semi-Annual Financials | AAA's semi-annual financial information for the 6 months ending 30 September 2025 | --- |
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| FUND DATA & PRICING | |
|---|---|
| Net Assets as of 02/26/2026 | $42.57m |
| NAV | $25.04 |
| Shares Outstanding | 1,700,000 |
| Premium/discount Percentage | 0.38% |
| Closing Price | $25.14 |
| 30 Day Median Bid/Ask Spread | 0.16% |
Data as of 02/26/2026
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 * | 35 |
| IOPV Symbol | AAA.IV |
| NAV Symbol | AAA.NV |
| Expense Ratio | 0.25% |
| 30 Day SEC Yield * | 4.95% |
* As of 31 December 2025
| PERFORMANCE | Returns as of 12/31/2025 | |||||||
|---|---|---|---|---|---|---|---|---|
| AVG. ANNUALIZED | ||||||||
| 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | Since Inception | Since Inception (cumulative) | |
| Market Price | 0.58% | 1.22% | 4.92% | 4.92% | 6.89% | 4.29% | 4.15% | 24.10% |
| Fund NAV | 0.44% | 1.22% | 5.11% | 5.11% | 6.75% | 4.31% | 4.11% | 23.88% |
| Bloomberg Barclays US FRN < 5 Years Index | 0.39% | 1.18% | 5.11% | 5.11% | 6.06% | 3.99% | 3.82% | 22.03% |
Expense ratio: 0.25%
Data will be updated upon rolling performance after September 30, 2020. Returns greater than 1 year are annualized except where noted.
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 2025 | 30 January 2025 | 31 January 2025 | .117774 |
| 27 February 2025 | 27 February 2025 | 28 February 2025 | 0.094692 |
| 27 March 2025 | 27 March 2025 | 28 March 2025 | .106737 |
| 30 April 2025 | 30 April 2025 | 1 May 2025 | .108458 |
| 30 May 2025 | 30 May 2025 | 31 May 2025 | 0.114973 |
| 30 June 2025 | 30 June 2025 | 1 July 2025 | 0.107424 |
| 31 July 2025 | 31 July 2025 | 1 August 2025 | 0.098955 |
| 29 August 2025 | 29 August 2025 | 2 September 2025 | 0.119908 |
| 30 September 2025 | 30 September 2025 | 1 October 2025 | 0.103927 |
| 31 October 2025 | 31 October 2025 | 3 November 2025 | 0.107843 |
| 28 November 2025 | 28 November 2025 | 1 December 2025 | 0.09598 |
| 26 December 2025 | 26 December 2025 | 30 December 2025 | 0.100006 |
| 30 January 2026 | 30 January 2026 | 2 February 2026 | 0.10087 |
| 27 February 2026 | 27 February 2026 | 2 March 2026 | 0,09417 |
| 31 March 2026 | 31 March 2026 | 1 April 2026 | Pending |
| 30 April 2026 | 30 April 2026 | 1 May 2026 | Pending |
| 29 May 2026 | 29 May 2026 | 1 June 2026 | Pending |
| 30 June 2026 | 30 June 2026 | 1 July 2026 | Pending |
| 31 July 2026 | 31 July 2026 | 3 August 2026 | Pending |
| 31 August 2026 | 31 August 2026 | 1 September 2026 | Pending |
| 30 September 2026 | 30 September 2026 | 1 October 2026 | Pending |
| 30 October 2026 | 30 October 2026 | 2 November 2026 | Pending |
| 30 November 2026 | 30 November 2026 | 1 December 2026 | Pending |
| December 2026 Pending | December 2026 Pending | December 2026 Pending | Pending |
| KEY METRICS | As of 12/31/2025 |
|---|---|
| Days at Premium YTD | 162 |
| Days at NAV YTD | 0 |
| Days at Discount YTD | 88 |
| Days at Premium Prior Year | 248 |
| Days at NAV Prior Year | 0 |
| Days at Discount Prior Year | 4 |
| TOP 10 HOLDINGS | ||||
|---|---|---|---|---|
| Percentage Of Net Assets | Name | CUSIP | Shares Held | Market Value |
| 6.97 | CASH | CASH | 2968040 | 2968040.13 |
| 4.75 | FCBSL 2025-2A A V/R 10/15/38 | 34967CAC7 | 2000000 | 2020941.86 |
| 4.75 | FCBSL 2024-4A A V/R 01/15/38 | 34966VAA0 | 2000000 | 2020095.26 |
| 4.74 | AMMC 2025-31A A1 V/R 02/20/38 | 03166GAA6 | 2000000 | 2018020.8 |
| 4.74 | APID 2022-39A A1 V/R 10/21/38 | 03766HAQ3 | 2000000 | 2016969.6 |
| 4.74 | CEDF 2017-8A ARR V/R 01/17/38 | 15032EAY5 | 2000000 | 2016550.41 |
| 4.73 | MAGNE 2023-34A A V/R 01/15/38 | 55952MAJ2 | 2000000 | 2015324.42 |
| 4.73 | VOYA 2021-2A A1R V/R 04/20/38 | 92919AAN4 | 2000000 | 2014476.89 |
| 3.56 | LCM 40A A1R V/R 01/15/38 | 50190KAN0 | 1500000 | 1515049.35 |
| 3.56 | SPCLO 2024-7A A1 V/R 01/15/38 | 82808UAA3 | 1500000 | 1514895.03 |
Data as of 02/26/2026. Holdings are subject to change.
| LIBRARY | |||
|---|---|---|---|
| File | Description | HTML | |
| AAA Fund Fact Sheet | Fund Fact Sheet September 2025 | --- |
|
CONTACT US
- 360 N. Pacific Coast Highway, Suite 2000, El Segundo, California 90245
- 323-925-3305
- information@altacfunds.com