Reckoner Yield Enhanced AAA CLO (RAAA) ETF Holdings & Analysis

What RAAA does

The RAAA fund employs a leverage strategy, utilizing reverse repurchase agreements to achieve up to 50% additional exposure to U.S. dollar-denominated Collateralized Loan Obligations (CLOs). Its primary objectives are generating income and preserving capital, which it pursues by concentrating investments in AAA-rated CLO tranches. These tranches represent the most senior and highest-quality segments within a CLO structure, supported by diverse pools of underlying loans, often including leveraged loans. All eligible CLOs must carry an AAA rating or be determined to be of equivalent credit quality by the investment adviser. However, the fund has the flexibility to allocate a maximum of 20% of its assets to CLOs rated AA or A. The investment selection process follows a rigorous bottom-up methodology, assessing factors such as the expertise of the CLO manager, the specifics of the deal structure, the quality of the underlying collateral, projected cash flows, and market trading frequency. A particular emphasis is placed on identifying larger and more liquid transactions. The portfolio may also incorporate Exchange Traded Funds (ETFs) that align with similar investment objectives. The majority of the fund's holdings feature floating interest rates and are acquired from both initial issuance (primary) and existing market (secondary) sources. Allocation adjustments are made dynamically in response to prevailing market trends. Although classified as non-diversified, the fund mitigates concentration risk by capping investments in any individual CLO or CLO manager at 20% of its assets. This approach supports its twin goals of generating income and maintaining high credit quality.

Fund profile

Top holdings

Geographic allocation

PortView Portfolio Insights

PortView analyzes how RAAA fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does RAAA track?

RAAA is the Reckoner Yield Enhanced AAA CLO ETF, a Other ETF.

What is the expense ratio of RAAA?

Expense ratio data for RAAA is shown on the page when available from our data provider.

What are the largest holdings in RAAA?

Top holdings include Goldentree Loan Management US Clo 17 Ltd 5.0092% 01/20/2039, Sixth Street CLO XX Ltd 5.0695% 07/17/2038, Regatta 32 Funding Ltd 5.1502% 07/25/2038, OHA Credit Funding 7 Ltd 5.0092% 07/19/2038, Texas Debt Capital CLO 2023-I Ltd 5.0292% 07/20/2038.

How can PortView analyze RAAA overlap with other ETFs?

PortView computes the holdings overlap between RAAA and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.