AAF First Priority CLO Bond ETF (AAA)
AAA is an actively managed ETF by Alternative Access Funds LLC. AAA launched on Sep 9, 2020 and has a 0.25% expense ratio.
ETF Info
| CUSIP | 53656F656 |
|---|---|
| Issuer | Alternative Access Funds LLC |
| Inception Date | Sep 9, 2020 |
| Region | North America (U.S.) |
| Category | Corporate Bonds, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.aafetfs.com |
| Asset Class | Bond |
Expense Ratio
AAA has an expense ratio of 0.25%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: AAA vs. FLRT, AAA vs. FLMX, AAA vs. PULS, AAA vs. AAAU, AAA vs. VOO, AAA vs. SPY, AAA vs. GLD, AAA vs. FTSL, AAA vs. BIL, AAA vs. VCSH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AAF First Priority CLO Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AAF First Priority CLO Bond ETF had a return of 5.46% year-to-date (YTD) and 7.64% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.46% | 22.95% |
| 1 month | 0.60% | 4.39% |
| 6 months | 3.12% | 18.07% |
| 1 year | 7.64% | 37.09% |
| 5 years (annualized) | N/A | 14.48% |
| 10 years (annualized) | N/A | 11.71% |
Monthly Returns
The table below presents the monthly returns of AAA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.89% | 0.57% | 0.36% | 0.60% | 0.49% | 0.48% | 0.63% | 0.50% | 0.50% | 5.46% | |||
| 2023 | 0.98% | 0.50% | 0.33% | 0.61% | 0.35% | 0.86% | 1.00% | 0.91% | 0.61% | 0.61% | 1.14% | 0.70% | 8.94% |
| 2022 | -0.04% | -0.41% | -0.18% | 0.09% | -1.33% | -0.50% | 0.16% | 0.69% | -0.52% | 0.22% | 1.18% | 0.82% | 0.15% |
| 2021 | 0.30% | -0.21% | 0.05% | -0.00% | -0.03% | 0.18% | 0.09% | 0.09% | 0.02% | 0.04% | 0.24% | 0.07% | 0.85% |
| 2020 | -0.44% | 0.01% | 0.49% | 0.26% | 0.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of AAA is 98, placing it in the top 2% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AAF First Priority CLO Bond ETF granted a 6.33% dividend yield in the last twelve months. The annual payout for that period amounted to $1.59 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $1.59 | $1.53 | $0.68 | $0.26 | $0.08 |
Dividend yield | 6.33% | 6.11% | 2.78% | 1.05% | 0.32% |
Monthly Dividends
The table displays the monthly dividend distributions for AAF First Priority CLO Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.12 | $0.13 | $0.14 | $0.12 | $0.15 | $0.13 | $0.15 | $0.13 | $0.13 | $0.00 | $1.19 | ||
| 2023 | $0.00 | $0.11 | $0.23 | $0.00 | $0.12 | $0.13 | $0.12 | $0.28 | $0.00 | $0.13 | $0.14 | $0.26 | $1.53 |
| 2022 | $0.00 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.04 | $0.06 | $0.08 | $0.07 | $0.09 | $0.21 | $0.68 |
| 2021 | $0.00 | $0.02 | $0.04 | $0.00 | $0.03 | $0.02 | $0.02 | $0.04 | $0.00 | $0.02 | $0.02 | $0.04 | $0.26 |
| 2020 | $0.01 | $0.02 | $0.05 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the AAF First Priority CLO Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AAF First Priority CLO Bond ETF was 2.64%, occurring on Jul 6, 2022. Recovery took 123 trading sessions.
The current AAF First Priority CLO Bond ETF drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.64% | Dec 17, 2021 | 137 | Jul 6, 2022 | 123 | Dec 29, 2022 | 260 |
| -0.66% | Feb 23, 2023 | 19 | Mar 21, 2023 | 12 | Apr 6, 2023 | 31 |
| -0.66% | Sep 10, 2020 | 41 | Nov 5, 2020 | 11 | Nov 20, 2020 | 52 |
| -0.47% | Dec 1, 2023 | 1 | Dec 1, 2023 | 3 | Dec 6, 2023 | 4 |
| -0.38% | Aug 2, 2024 | 4 | Aug 7, 2024 | 4 | Aug 13, 2024 | 8 |
Volatility
Volatility Chart
The current AAF First Priority CLO Bond ETF volatility is 0.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.