AAA

AAF First Priority CLO Bond ETF
*Unless otherwise stated, data provided by FactSet.

AAA Fund Description

AAA seeks to provide income by actively selecting USD-denominated, investment-grade collateralized loan obligations, or CLO bonds, of any maturity.

AAA Factset Analytics Insight

AAA is actively managed but follows a strict set of guidelines to select portfolio holdings. CLOs are trusts typically collateralized by a pool of loans. The fund selects AAA-rated, broadly syndicated senior-secured debt tranches of USD-denominated collateralized loan obligations of both foreign and domestic 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, consist of floating rate bonds that rank first in priority of payments, at the time the CLO is issued. The fund advisor will limit exposure to single securities at 5% and single CLO manager exposure at 10%. CLOs that fall below investment grade or exceed a maximum Weighted Average Rating Factor threshold, are reviewed and acted upon by the advisor based on the best interest of the fund.

AAA Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 10/23/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
AAA -0.11% -- -- -- -- -- --
AAA (NAV) 0.00% -- -- -- -- -- --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

AAA Summary Data

AAF
09/09/20
Open-Ended Fund
0.25%
$9.95M
$298.73K
0.06%
N/A

AAA Portfolio Data

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N/A
28

AAA Index Data

No Underlying Index
Proprietary
Proprietary
N/A

AAA Portfolio Management

0.25%
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AAA Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

AAA Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

AAA Factset Analytics Block Liquidity

As of 10/26/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of AAA. AAA is rated a N/A out of 5.

AAA Tradability

11,957
$298.73K
5,383
$134.42K
0.06%
$0.02
0.31%
0.49% / 0.14%
None
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100,000
0.05
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$24.89
N/A

AAA Top 10 Holdings[View All]

5.01%
5.00%
4.98%
4.97%
4.94%
4.27%
3.77%
3.75%
3.75%
3.75%
44.20%

AAA Performance Statistics

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AAA Holdings Statistics

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28
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AAA Avg Life Maturity Distribution

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AAA OAS Breakdown

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