Reckoner Leveraged AAA CLO ETF (RAAA)

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Reckoner Leveraged AAA CLO ETF (RAAA) is up 2.6% since the beginning of the year. RAAA is currently trading at $25 per share.

Based on dividend-adjusted daily data since Jul 9, 2025, RAAA's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.

Historically, 92% of months were positive and 8% were negative. The best month was Apr 2026 with a return of +0.9%, while the worst month was Mar 2026 at -0.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 1 months.

On a daily basis, RAAA closed higher 59% of trading days. The best single day was Jan 6, 2026 with a return of +0.3%, while the worst single day was Mar 4, 2026 at -0.6%.

Reckoner Leveraged AAA CLO ETF has an annualized alpha of 5.27%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 09, 2025.

• This ETF captured 13.65% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -13.02%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

RAAA has an expense ratio of 0.30%, placing it in the medium range.

Reckoner Leveraged AAA CLO ETF provided a 4.77% dividend yield over the last twelve months, with an annual payout of $1.20 per share.

The table displays the monthly dividend distributions for Reckoner Leveraged AAA CLO ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Reckoner Leveraged AAA CLO 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 Reckoner Leveraged AAA CLO ETF was 0.71%, occurring on Mar 4, 2026. Recovery took 21 trading sessions.

The chart below shows the rolling one-month volatility.