AAA - AAF First Priority CLO Bond ETF (USD) (US53656F6566)

AAF First Priority CLO Bond ETF (AAA) is actively managed but follows a strict set of guidelines to select portfolio holdings. The fund is trusts typically collateralized by a pool of loans. The fund selects AAA-rated, broadly syndicated senior-secured debt tranches of USD-denominated collateralized loan obligations of both foreign and domestic issuers. Broadly syndicated senior-secured loans pay lower interest rates but in the case of default, are repaid by the cash flows of the underlying assets ahead of junior tranches. Assets are purchased by the fund will be the senior-most tranches, consist of floating rate bonds.

The AAF First Priority CLO Bond ETF (USD) is a(n) Fixed Income Exchange Traded Funds (ETF) seeks to invest in Corporate bonds sector located in USA. The Alternative Access Funds fund’s base currency is USD and the share class was registered 09.09.2020 with unique ISIN - US53656F6566. The total expense ratio is 0.25%. The AAF First Priority CLO Bond ETF (USD) pays dividends 1 time(s) per year.