Key stats
About Advisor Managed Portfolios Reckoner Leveraged AAA CLO ETF
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Inception date
Jul 9, 2025
Structure
Open-Ended Fund
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
Reckoner Capital Management LLC
RAAA uses up to 50% leverage through reverse repurchase agreements to increase exposure to USDdenominated collateralized loan obligations (CLOs). It seeks income and capital preservation by focusing on AAArated CLO tranches, the senior and highestquality part of a CLO structure backed by pools of loans, including leveraged loans. CLOs must be rated AAA or deemed comparable by the adviser. Up to 20% of assets may be allocated to AA or Arated CLOs. A bottomup process evaluates manager skill, deal structure, collateral, cash flow, and trading frequency, emphasizing larger and more liquid transactions. Investments may also include ETFs with similar strategies. Most holdings are floatingrate and sourced from both primary and secondary markets, with allocations adjusted based on market trends. The fund is nondiversified but limits holdings of any single CLO or manager to 20% to help manage risk while pursuing income and credit quality.
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
Bonds, Cash & Other100.00%
Securitized175.85%
Cash−75.85%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RAAA assets under management is 30.11 M USD. It's risen 20.43% over the last month.
RAAA fund flows account for 30.00 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, RAAA pays dividends to its holders with the dividend yield of 3.50%. The last dividend (Aug 7, 2025) amounted to 0.07 USD. The dividends are paid monthly.
RAAA shares are issued by Reckoner Capital Management LLC under the brand Reckoner. The ETF was launched on Jul 9, 2025, and its management style is Active.
RAAA expense ratio is 0.30% meaning you'd have to pay 0.30% of your investment to help manage the fund.
RAAA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RAAA invests in bonds.
RAAA trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.