Skip to Content

AXS First Priority CLO Bond ETF

AAA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 09 2020
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
AXS Investments
Volume (1m avg. daily)
$11,957
AUM
$7,393,286
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
SYMP 2020-22A A1 V/R 04/18/33
5.05%
n/a
MAGNE 2015-12A ARR
5.04%
n/a
CEDF 2018-7A A1 V/R 01/20/31
5.04%
n/a
VOYA 2018-3A A1A
5.04%
n/a
GNRT 4A A1R V/R 04/20/32
5.03%
n/a
LCM 18A A1R V/R 04/20/31
5.03%
n/a
AMMC CLO XI Collateralized Loan Obligations 2018-30.04.31 Secured Class A-1-R2 144A-3c7 Floating Rate
4.68%
n/a
SHACK 2013-4RA A1A
4.65%
n/a
AIMCO 2017-AA AR
4.64%
n/a
ROCKT 2021-1A A1
4.01%
Invest with AAA

What is AAA?

The Fund is an actively-managed exchange-traded fund ( ETF ) that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in AAA rated first priority debt tranches of U.S. dollar-dominated collateralized loan obligations ( CLOs ). CLOs are trusts that are typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans. The Fund may invest in CLOs of any maturity. The Fund is actively managed and does not seek to track the performance of any particular index.

ETFs related toAAA

ETFs correlated to AAA include GSY, AGZD, AMZU

AAA
Investment Managers Series Trust II - AXS First Priority CLO Bond ETF
GSY
Invesco Capital Management LLC - Invesco Ultra Short Duration ETF
AGZD
WisdomTree Trust - WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
AMZU
Direxion Shares ETF Trust - Direxion Daily AMZN Bull 1.5X Shares
KMLM
KraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
PULS
PGIM ETF Trust - PGIM Ultra Short Bond ETF
GCC
WisdomTree Commodity Services LLC - WisdomTree EnhancedContinuous Commodity Index Fund
COM
Direxion Shares ETF Trust - Direxion Auspice Broad Commodity Strategy ETF
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
PALL
abrdn ETF - abrdn Physical Palladium Shares ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

AAA is a US Bonds ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in AAA rated first priority debt tranches of U.S. dollar-dominated collateralized loan obligations ( CLOs ). CLOs are trusts that are typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans. The Fund may invest in CLOs of any maturity. The Fund is actively managed and does not seek to track the performance of any particular index.

The top holdings for AAA include SYMP 2020-22A A1 V/R 04/18/33, MAGNE 2015-12A ARR, and CEDF 2018-7A A1 V/R 01/20/31.

AAA has 27 total holdings.

Yes, AAA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AAA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AAA is 0.012%. This is the percent change in the value of AAA over the most recent 1-month period. The 3-month return on AAA is 0.0326%. This is the percent change in the value of AAA over the most recent 3-month period.

The standard deviation of AAA for the past year is 0.0251%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AAA include JAAA, JBBB, and VABS.

ETFs correlated to AAA include GSY, AGZD, and AMZU.

ETFs that are inversely correlated to AAA include AMZD, CLSA, and DFGR.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.