Alternative Access First Priority CLO Bond ETF

Frequently Asked Questions About AAA

What does AAA invest in?

The Alternative Access AAA ETF is structured to safeguard capital and generate income. It achieves this by providing credit investors with diversified exposure to AAA-rated Collateralized Loan Obligations (CLOs), which are debt instruments backed by the cash flows from secured, senior-priority loans. The fund offers an efficient and direct avenue for investing in these top-tier AAA-rated CLO bonds.

What is the expense ratio of AAA?

Alternative Access First Priority CLO Bond ETF (AAA) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.

What is AAA's dividend yield?

AAA's trailing-twelve-month yield is 4.65%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of AAA?

Effective duration measures AAA's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. AAA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of AAA?

AAA's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of AAA?

Yield to maturity (YTM) is the total return you'd earn from AAA if every bond in the portfolio is held to maturity at the current price. AAA's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.