Reckoner BBB-B CLO ETF (RCLO)

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Reckoner BBB-B CLO ETF (RCLO) is up 2.2% since the beginning of the year. RCLO is currently trading at $25 per share.

Based on dividend-adjusted daily data since Oct 22, 2025, RCLO's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 90% of months were positive and 10% were negative. The best month was Apr 2026 with a return of +2.3%, while the worst month was Feb 2026 at -2.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 1 months.

On a daily basis, RCLO closed higher 58% of trading days. The best single day was Mar 6, 2026 with a return of +1.1%, while the worst single day was Feb 27, 2026 at -1.2%.

Reckoner BBB-B CLO ETF has an annualized alpha of 4.73%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 22, 2025.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.19%) than losses (8.49%) - typical of diversified or defensive assets.
• Beta of 0.03 may look defensive, but with R2 of 0.02 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 0.02 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.

RCLO has an expense ratio of 0.50%, placing it in the medium range.

Reckoner BBB-B CLO ETF provided a 4.74% dividend yield over the last twelve months, with an annual payout of $1.18 per share.

The table displays the monthly dividend distributions for Reckoner BBB-B 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 BBB-B 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 BBB-B CLO ETF was 3.70%, occurring on Mar 5, 2026. Recovery took 37 trading sessions.

The current Reckoner BBB-B CLO ETF drawdown is 0.07%.

The chart below shows the rolling one-month volatility.