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AAA · Alternative Access First Priority CLO Bond ETF

$24.81
−0.1% · 1 day, price
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Fund card

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<p>Data: <a href="https://etfiq.com/funds/aaa">ETFIQ AAA analysis</a></p>

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In one line

AAA is actively managed and returned +3.8% over the past year.

What would a 1-point rise in rates do to AAA?How does AAA compare with its benchmark over 3 years?What does AAA hold?
1-year total return
+3.8%to Nov 12, 2026
Expense ratio
0.19%a year
Bond fund · Actively managedExpense ratio 0.19%Fund assets $45m net assets, latest filing (Jun 30, 2026)First traded Sep 9, 2020Benchmark Its own holdings, as of Jun 30, 2026; its shareholder report compares it with the Bloomberg US Universal Bond Index, but its daily returns fit IUSB's at R-squared 0.0096 over the year to Nov 12, 2026 (251 days), under the 0.35 it needs to return to itSEC filings ↗Dividend history

AAA returned +3.8% over the year to Nov 12, 2026, charges 0.19% a year and holds $45m in net assets on Jun 30, 2026.

Promise check: Not measured

Analyze AAAPut to the committeeAdd to portfolioAlerts
Growth of $10,000

AAA vs IUSB, 1 year

Total return, distributions reinvested, Nov 11, 2025 to Nov 11, 2026.

AAA $10,387 +3.9%IUSB $9,955 −0.5%Returns from daily closes. Data
Scorecard · vs IUSB

AAA risk and return scorecard

vs IUSB, its stated benchmark (secondary) · Sep 2020 to Nov 2026 · 320 weekly returns · dividend-adjusted

6.1 years
AAA +28.2%, IUSB +1.1%, Sep 2020 to Nov 2026, distributions reinvested.

Secondary: IUSB tracks the Bloomberg US Universal Bond Index, named in its shareholder report. Its own benchmark is its holdings, which have no weekly prices.

MeasureAAAIUSBEdge
Return
Total return+28.2%+1.1%AAA
Annualized+4.1%+0.2%AAA
Price return−0.6%−17.6%AAA
MeasureAAAIUSBEdge
Risk
Volatility1.5%5.2%AAA
Max drawdown−2.5%−17.7%AAA
Upside capture15.8%100.0%IUSB
Downside capture−10.8%100.0%AAA
MeasureAAAIUSBEdge
Risk-adjusted
Sharpe ratio0.54−0.56AAA
Sortino ratio0.78−0.76AAA
MeasureAAAIUSBEdge
Alpha vs IUSB
Alpha, a year+1.0%Not significant
Alpha t-stat1.60
Beta to IUSB0.051.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Total return

What you earned

AAA −0.2%: total return over one month to Nov 12, 2026.
$10,000 in AAA would be $9,980, over one month to Nov 12, 2026.
AAA−0.2%
AAA +0.5%: total return over three months to Nov 12, 2026.
$10,000 in AAA would be $10,050, over three months to Nov 12, 2026.
AAA+0.5%
AAA +1.8%: total return over six months to Nov 12, 2026.
$10,000 in AAA would be $10,180, over six months to Nov 12, 2026.
AAA+1.8%
AAA +3.1%: total return year to date, Dec 31, 2025 to Nov 12, 2026.
$10,000 in AAA would be $10,310, year to date, Dec 31, 2025 to Nov 12, 2026.
AAA+3.1%
AAA +3.8%: total return over one year to Nov 12, 2026.
$10,000 in AAA would be $10,380, over one year to Nov 12, 2026.
AAA+3.8%
AAA +17.3%: total return over three years to Nov 12, 2026.
$10,000 in AAA would be $11,730, over three years to Nov 12, 2026.
AAA+17.3%
AAA +26.3%: total return over five years to Nov 12, 2026.
$10,000 in AAA would be $12,630, over five years to Nov 12, 2026.
AAA+26.3%
AAA +27.6%: total return since launch to Nov 12, 2026.
$10,000 in AAA would be $12,760, since launch to Nov 12, 2026.
AAA+27.6%
askIQ: what drove AAA’s returns? ↗
Fees over time · hypothetical
Fees paid
$188
Of the amount
1.9%

At AAA’s 0.19% a year, taken each year from the amount after growth. Hypothetical.

Holdings filed for Jun 30, 2026 (N-PORT)

What does it hold, and how long?

+3.8%
Total return, 1 year
Report
0.19%
Expense ratio
Report
31
Holdings
Report
−0.4%
Below its high
Report
4.6%
12-month yield, capital gains included, on its starting price
Report
$0.096
Last payment (paid monthly), ex-date Oct 30, 2026
Report
Maturity
Under 1 yr
0.0%
1 to 3 yrs
6.0%
3 to 5 yrs
27.9%
5 to 10 yrs
58.4%
10 to 20 yrs
0.0%
Over 20 yrs
0.0%
What it holds
Securitized 92.2%
askIQ: what would a 1-point rise in rates do to AAA? ↗

9 committee seats read AAA on data as of Nov 12, 2026: 1 Supports, 1 Mixed, 2 Challenges, 5 without enough data.

1 Supports1 Mixed2 Challenges5 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read AAA How the committee works

12 seats on AAA, as of Nov 12, 2026: 1 Supports, 1 Mixed, 2 Challenges, 5 Not enough data, 3 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationDoes not apply
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatNot enough data
Put AAA to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold AAA. Not advice.

As of Nov 13, 2026, AAA crossed 0 of 5 ETFIQ risk lines.

OverlapNot publishedNot published
Trading costNot publishedNot published
Premium or discountNot publishedNot published
ConcentrationTop 10 holdings are 43.5% of the fundClear
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on AAA

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Price and total return, 1 year

$24.81−0.1%1 day, priceClose, Nov 12, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

AAA returns by window: total return, cash paid and price change
WindowTotal return
1M Oct 13 – Nov 12, 2026−0.2%
3M Aug 13 – Nov 12, 2026+0.5%
6M May 14 – Nov 12, 2026+1.8%
YTD Dec 31, 2025 – Nov 12, 2026+3.1%
1Y Nov 12, 2025 – Nov 12, 2026+3.8%
3Y Nov 13, 2023 – Nov 12, 2026+17.3%
5Y Nov 12, 2021 – Nov 12, 2026+26.3%
Since launch Sep 9, 2020 – Nov 12, 2026+27.6%
Since launch, annualised Sep 9, 2020 – Nov 12, 2026+4.0%

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

AAA key stats

52-week high, daily closes to Nov 12, 2026 (ETFIQ)$25.14 on Feb 26, 2026
52-week low, daily closes to Nov 12, 2026 (ETFIQ)$24.71 on Nov 4, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$24.81, 24% of the way from the low to the high
Holdings31
Top ten weight43.5%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Jun 12, 2026
Trading · AAAas of Jun 12, 2026
·
Not scored1 of 6 measured · Jun 12, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

AAA for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
AAA interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

AAA is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About AAA

What it tracksNo index, actively managed
Fund typeBond fund
Category (ETFIQ)Bonds · Securitized, focused
Expense ratio (485BPOS XBRL, Jul 29, 2026)0.19%
Price$24.81
First tradedSep 9, 2020
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$45mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jun 30, 2026; its shareholder report compares it with the Bloomberg US Universal Bond Index, but its daily returns fit IUSB's at R-squared 0.0096 over the year to Nov 12, 2026 (251 days), under the 0.35 it needs to return to it
Stated benchmark (secondary)Bloomberg US Universal Bond Index (from its shareholder report), priced by IUSB
AAA, 1 year to Nov 12, 2026 (secondary)+3.8%
IUSB, the same days (secondary)−1.0%
Against its stated benchmark, 1 year (secondary)+4.8 pts
Daily R-squared against IUSB, 1 year to Nov 12, 2026 (secondary)0.01
Below its high (ETFIQ)−0.4%
Holdings31
Top ten weight43.5%
Cash, not in the top ten7.8%
Holdings as of (SEC N-PORT)Jun 30, 2026
Promise checkNot measured. It names no index it tracks.

Questions people ask about AAA

How has AAA performed?
Over the year to Nov 12, 2026, AAA returned +3.8% with distributions reinvested. Over three years the number is +17.3%.
What does AAA cost?
The prospectus expense ratio is 0.19% a year.
How far is AAA below its high?
0.4% below its high of Sep 2, 2026, measured on the reinvested series to Nov 12, 2026.
Sources and dates
Prices, AAATiingo end-of-day · Nov 12, 2026
Fee, 0.19%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $45mSEC filing, whole fund · Jun 30, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, AAA, bond fund, data as of Nov 12, 2026. https://etfiq.com/funds/aaa

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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AAA: AAA over 1 year: total return +3.8%. Data to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/aaa/" title="AAA: AAA over 1 year: total return +3.8%. Data to Nov 12, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">AAA: AAA over 1 year: total return +3.8%. Data to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/aaa">ETFIQ</a></figcaption>
</figure>

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