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AAF First Priority CLO Bond ETF (AAA)

ETF · Currency in USD · Last updated Dec 2, 2023

AAA is an actively managed ETF by Alternative Access Funds LLC. AAA launched on Sep 9, 2020 and has a 0.25% expense ratio.

Summary

ETF Info

CUSIP53656F656
IssuerAlternative Access Funds LLC
Inception DateSep 9, 2020
RegionNorth America (U.S.)
CategoryCorporate Bonds, Actively Managed
Index TrackedNo Index (Active)
ETF Home Pagewww.aafetfs.com
Asset ClassBond

Expense Ratio

The AAF First Priority CLO Bond ETF has a high expense ratio of 0.25%, indicating higher-than-average management fees.


0.25%
0.00%2.15%

Share Price Chart


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Performance

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.


0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
9.11%
35.18%
AAA (AAF First Priority CLO Bond ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with AAA

AAF First Priority CLO Bond ETF

Popular comparisons: AAA vs. FLMX, AAA vs. GLD, AAA vs. FLRT, AAA vs. SPY, AAA vs. VOO, AAA vs. AAAU, AAA vs. PULS, AAA vs. 932504@, AAA vs. 972294@

Return

AAF First Priority CLO Bond ETF had a return of 7.68% year-to-date (YTD) and 8.53% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date7.68%19.67%
1 month0.31%8.42%
6 months4.57%7.29%
1 year8.53%12.71%
5 years (annualized)N/A10.75%
10 years (annualized)N/A9.87%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.35%0.86%1.00%0.91%0.61%0.61%1.66%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AAA
AAF First Priority CLO Bond ETF
4.55
^GSPC
S&P 500
0.91

Sharpe Ratio

The current AAF First Priority CLO Bond ETF Sharpe ratio is 4.55. A Sharpe ratio of 3.0 or higher is considered excellent.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.006.007.00JulyAugustSeptemberOctoberNovemberDecember
4.55
0.91
AAA (AAF First Priority CLO Bond ETF)
Benchmark (^GSPC)

Dividend History

AAF First Priority CLO Bond ETF granted a 6.04% dividend yield in the last twelve months. The annual payout for that period amounted to $1.50 per share.


PeriodTTM202220212020
Dividend$1.50$0.68$0.26$0.08

Dividend yield

6.04%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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.11$0.23$0.00$0.12$0.13$0.12$0.28$0.00$0.13$0.14
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
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
2020$0.01$0.02$0.05

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.98%
-4.21%
AAA (AAF First Priority CLO Bond ETF)
Benchmark (^GSPC)

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.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-2.64%Dec 17, 2021137Jul 6, 2022123Dec 29, 2022260
-0.98%Dec 1, 20231Dec 1, 2023
-0.66%Feb 23, 202319Mar 21, 202312Apr 6, 202331
-0.66%Sep 10, 202041Nov 5, 202011Nov 20, 202052
-0.35%Jan 27, 202169May 5, 202162Aug 3, 2021131

Volatility Chart

The current AAF First Priority CLO Bond ETF volatility is 1.37%, 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.


0.00%1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
1.37%
2.79%
AAA (AAF First Priority CLO Bond ETF)
Benchmark (^GSPC)