- What are the top holdings of RAAA?
- A machine-readable holdings disclosure for Reckoner Yield Enhanced AAA CLO ETF (RAAA) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
- What sectors does RAAA invest in?
- Reckoner Yield Enhanced AAA CLO ETF (RAAA) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is RAAA most exposed to?
- RAAA's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is RAAA a US-only fund?
- The country allocation card on this page shows RAAA's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does RAAA invest in?
- The RAAA fund employs a leverage strategy, utilizing reverse repurchase agreements to achieve up to 50% additional exposure to U.S. dollar-denominated Collateralized Loan Obligations (CLOs). Its primary objectives are generating income and preserving capital, which it pursues by concentrating investments in AAA-rated CLO tranches. These tranches represent the most senior and highest-quality segments within a CLO structure, supported by diverse pools of underlying loans, often including leveraged loans. All eligible CLOs must carry an AAA rating or be determined to be of equivalent credit quality by the investment adviser. However, the fund has the flexibility to allocate a maximum of 20% of its assets to CLOs rated AA or A. The investment selection process follows a rigorous bottom-up methodology, assessing factors such as the expertise of the CLO manager, the specifics of the deal structure, the quality of the underlying collateral, projected cash flows, and market trading frequency. A particular emphasis is placed on identifying larger and more liquid transactions. The portfolio may also incorporate Exchange Traded Funds (ETFs) that align with similar investment objectives. The majority of the fund's holdings feature floating interest rates and are acquired from both initial issuance (primary) and existing market (secondary) sources. Allocation adjustments are made dynamically in response to prevailing market trends. Although classified as non-diversified, the fund mitigates concentration risk by capping investments in any individual CLO or CLO manager at 20% of its assets. This approach supports its twin goals of generating income and maintaining high credit quality.
