AAAAlternative Access First Priority CLO Bond ETF

Get income5y track recordRanked #801 of 1,622 in this goal

Seeks capital preservation and income.

By Alternative Access Funds · Launched 2020

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$40M

#3,772 of 5,562 · small

Dividend YieldGoal

4.90%

Track Record

5 years

#2,179 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,502+5.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Focus

CLO

What it actually holds

By weight

Concentration

Top 10 holdings = 43.7% of fundmoderately concentrated

FORTRESS CREDIT BSL XXIII LTD

4.7%

FORTRESS CREDIT BSL XXVI LTD

4.7%

AMMC CLO 31 LTD

4.7%

Apidos Clo XXXIX Ltd / Apidos Clo XXXIX LLC

4.7%

Cedar Funding VIII CLO, Ltd

4.7%

Voya CLO 2021-2 Ltd.

4.7%

Magnetite XXXIV Ltd.

4.7%

LCM 40 LTD

3.6%

TRINITAS CLO XXX LTD

3.6%

Silver Point CLO 7 Ltd.

3.6%

Asset allocation

Bonds

96.4%

Cash

3.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.3%Low

Year-on-year price swings

Max drawdown

-2.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.05Strong risk-adjusted returns

Sortino (3Y)

1.54Good downside protection

Bond profile

Duration

5.0 years

Avg maturity

10.0 years

Credit ratings

AAA

100.0%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks capital preservation and income.
Strategy: Actively managed ETF investing primarily in AAA rated first priority debt tranches of U.S. dollar-denominated CLOs. Focuses on broadly syndicated senior-secured loans and limits exposure to single securities and CLO managers.
Inception date: September 8, 2020
Fund family: Alternative Access Funds