Key stats
About Alternative Access First Priority CLO Bond ETF
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Inception date
Sep 9, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Alternative Access Funds LLC
Distributor
ALPS Distributors, Inc.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Cash
Bonds, Cash & Other100.00%
Securitized86.16%
Cash13.84%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AAA last dividends amounted to 0.11 USD. The month before, the issuer paid 0.11 USD in dividends, which shows a 7.03% decrease.
AAA assets under management is 42.42 M USD. It's risen 0.07% over the last month.
AAA fund flows account for 20.05 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, AAA pays dividends to its holders with the dividend yield of 5.68%. The last dividend (Jul 1, 2025) amounted to 0.11 USD. The dividends are paid monthly.
AAA shares are issued by Alternative Access Funds LLC under the brand Alternative Access. The ETF was launched on Sep 9, 2020, and its management style is Active.
AAA expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
AAA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AAA invests in bonds.
AAA price has risen by 0.80% over the last month, and its yearly performance shows a 0.08% increase. See more dynamics on AAA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.47% over the last month, showed a 1.33% increase in three-month performance and has increased by 5.71% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.47% over the last month, showed a 1.33% increase in three-month performance and has increased by 5.71% in a year.
AAA trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.