{
 "ticker": "AAA",
 "name": "Alternative Access First Priority CLO Bond ETF",
 "issuer": "ALTERNATIVE ACCESS",
 "desk": "core",
 "url": "https://etfiq.com/funds/aaa",
 "html": "https://etfiq.com/funds/aaa",
 "markdown": "https://etfiq.com/funds/aaa.md",
 "as_of": "2026-11-12",
 "verdict": "AAA is actively managed and returned +3.8% over the past year.",
 "lead": "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.",
 "category": {
  "id": "bonds",
  "name": "Bonds",
  "label": "Bond ETFs",
  "url": "https://etfiq.com/bonds/",
  "group": {
   "id": "taxable-bonds",
   "name": "Taxable bonds"
  },
  "segment": {
   "id": "securitized-focused",
   "name": "Securitized, focused",
   "url": "https://etfiq.com/bonds/securitized-focused/"
  },
  "status": "classified",
  "as_of": "2026-11-12",
  "method": "https://etfiq.com/methodology/categories"
 },
 "promise": {
  "badge": null,
  "label": "Not measured",
  "category": "bonds",
  "sentence": "it names no index it tracks",
  "figure": null,
  "unit": null,
  "from": null,
  "to": null,
  "url": "https://etfiq.com/promise-index/bonds/"
 },
 "key_facts": [
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+3.8%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "AAA, total return, 1 year: +3.8%, as of Nov 12, 2026.",
   "cite": {
    "value": "+3.8%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/aaa#fact-total-return-1-year",
    "text": "AAA, total return, 1 year: +3.8%, as of Nov 12, 2026."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.19%",
   "source": "485BPOS XBRL, Jul 29, 2026",
   "as_of": "2026-07-29",
   "sentence": "AAA, expense ratio: 0.19%, as of Jul 29, 2026.",
   "cite": {
    "value": "0.19%",
    "as_of": "2026-07-29",
    "source": "485BPOS XBRL, Jul 29, 2026",
    "url": "https://etfiq.com/funds/aaa#fact-expense-ratio",
    "text": "AAA, expense ratio: 0.19%, as of Jul 29, 2026."
   }
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "31",
   "source": "its SEC filing (Form N-PORT)",
   "as_of": "2026-06-30",
   "sentence": "AAA, holdings: 31, as of Jun 30, 2026.",
   "cite": {
    "value": "31",
    "as_of": "2026-06-30",
    "source": "its SEC filing (Form N-PORT)",
    "url": "https://etfiq.com/funds/aaa#fact-holdings",
    "text": "AAA, holdings: 31, as of Jun 30, 2026."
   }
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22120.4%",
   "source": "ETFIQ",
   "as_of": "2026-11-12",
   "sentence": "AAA, below its high: \u22120.4%, as of Nov 12, 2026.",
   "cite": {
    "value": "\u22120.4%",
    "as_of": "2026-11-12",
    "source": "ETFIQ",
    "url": "https://etfiq.com/funds/aaa#fact-below-its-high",
    "text": "AAA, below its high: \u22120.4%, as of Nov 12, 2026."
   }
  },
  {
   "key": "12_month_yield_capital_gains_included_on_its_starting_price",
   "label": "12-month yield, capital gains included, on its starting price",
   "value": "4.6%",
   "source": "computed by ETFIQ from Tiingo daily prices and distributions",
   "as_of": "2026-11-12",
   "sentence": "AAA, 12-month yield, capital gains included, on its starting price: 4.6%, as of Nov 12, 2026.",
   "cite": {
    "value": "4.6%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices and distributions",
    "url": "https://etfiq.com/funds/aaa#fact-12-month-yield-capital-gains-included-on-its-starting-price",
    "text": "AAA, 12-month yield, capital gains included, on its starting price: 4.6%, as of Nov 12, 2026."
   }
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid monthly), ex-date Oct 30, 2026",
   "value": "$0.096",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-10-30",
   "sentence": "AAA, last payment (paid monthly), ex-date Oct 30, 2026: $0.096, as of Oct 30, 2026.",
   "cite": {
    "value": "$0.096",
    "as_of": "2026-10-30",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/aaa#fact-last-payment",
    "text": "AAA, last payment (paid monthly), ex-date Oct 30, 2026: $0.096, as of Oct 30, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$45m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-06-30",
   "sentence": "AAA, net assets: $45m (SEC filing, whole fund, as filed for Jun 30, 2026).",
   "cite": {
    "value": "$45m",
    "as_of": "2026-06-30",
    "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
    "url": "https://etfiq.com/funds/aaa#fact-net-assets",
    "text": "AAA, net assets: $45m (SEC filing, whole fund, as filed for Jun 30, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "what_it_tracks",
   "label": "What it tracks",
   "value": "No index, actively managed",
   "source": null
  },
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Bond fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Bonds \u00b7 Securitized, focused",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.19%",
   "source": "485BPOS XBRL, Jul 29, 2026"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$24.81",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Sep 9, 2020",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$45m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "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",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "stated_benchmark",
   "label": "Stated benchmark",
   "value": "Bloomberg US Universal Bond Index (from its shareholder report), priced by IUSB",
   "source": "secondary"
  },
  {
   "key": "aaa_1_year_to_nov_12_2026",
   "label": "AAA, 1 year to Nov 12, 2026",
   "value": "+3.8%",
   "source": "secondary"
  },
  {
   "key": "iusb_the_same_days",
   "label": "IUSB, the same days",
   "value": "\u22121.0%",
   "source": "secondary"
  },
  {
   "key": "against_its_stated_benchmark_1_year",
   "label": "Against its stated benchmark, 1 year",
   "value": "+4.8 pts",
   "source": "secondary"
  },
  {
   "key": "daily_r_squared_against_iusb_1_year_to_nov_12_2026",
   "label": "Daily R-squared against IUSB, 1 year to Nov 12, 2026",
   "value": "0.01",
   "source": "secondary"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22120.4%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "31",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "43.5%",
   "source": null
  },
  {
   "key": "cash_not_in_the_top_ten",
   "label": "Cash, not in the top ten",
   "value": "7.8%",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "promise_check",
   "label": "Promise check",
   "value": "Not measured. It names no index it tracks.",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u22120.2%"
  },
  {
   "window": "3 months",
   "Total return": "+0.5%"
  },
  {
   "window": "6 months",
   "Total return": "+1.8%"
  },
  {
   "window": "Year to date",
   "Total return": "+3.1%"
  },
  {
   "window": "1 year",
   "Total return": "+3.8%"
  },
  {
   "window": "3 years",
   "Total return": "+17.3%"
  },
  {
   "window": "5 years",
   "Total return": "+26.3%"
  },
  {
   "window": "Since launch",
   "Total return": "+27.6%"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "+4.0%"
  }
 ],
 "questions": [
  {
   "q": "How has AAA performed?",
   "a": "Over the year to Nov 12, 2026, AAA returned +3.8% with distributions reinvested. Over three years the number is +17.3%."
  },
  {
   "q": "What does AAA cost?",
   "a": "The prospectus expense ratio is 0.19% a year."
  },
  {
   "q": "How far is AAA below its high?",
   "a": "0.4% below its high of Sep 2, 2026, measured on the reinvested series to Nov 12, 2026."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Nov 12, 2026",
   "value": "$25.14 on Feb 26, 2026",
   "as_of": "2026-02-26",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 25.135,
   "window": {
    "from": "2025-11-13",
    "to": "2026-11-12"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Nov 12, 2026",
   "value": "$24.71 on Nov 4, 2026",
   "as_of": "2026-11-04",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 24.71,
   "window": {
    "from": "2025-11-13",
    "to": "2026-11-12"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Nov 12, 2026, within that range",
   "value": "$24.81, 24% of the way from the low to the high",
   "as_of": "2026-11-12",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 24.81
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "31",
   "as_of": "2026-11-12",
   "source": null
  },
  {
   "key": "top10",
   "label": "Top ten weight",
   "value": "43.5%",
   "as_of": "2026-11-12",
   "source": null
  }
 ],
 "trading": {
  "as_of": "2026-06-12",
  "score": null,
  "tier": null,
  "status": "not-scored",
  "lines": [
   "Not scored."
  ],
  "page": "https://etfiq.com/funds/aaa/trading/"
 },
 "outside_us": [
  {
   "key": "statutory",
   "label": "US tax withheld on dividends, no treaty",
   "value": "30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 30.0,
   "url": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf"
  },
  {
   "key": "treaty",
   "label": "Treaty rates on dividends (IRS table, read Oct 30, 2026)",
   "value": "65 countries, 10% to 30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 65.0,
   "url": "https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables"
  },
  {
   "key": "qii",
   "label": "AAA interest-related and short-term gain dividends",
   "value": "not read by ETFIQ"
  },
  {
   "key": "estate",
   "label": "US estate tax filing threshold, non-resident holders",
   "value": "$60,000",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/instructions/i706na",
   "number": 60000.0,
   "url": "https://www.irs.gov/instructions/i706na"
  },
  {
   "key": "dist",
   "label": "Share class",
   "value": "Distributing",
   "source": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section852&num=0&edition=prelim",
   "url": "https://etfiq.com/learn/non-us-holders"
  }
 ],
 "generated": "2026-11-13",
 "license": "https://etfiq.com/license/",
 "license_text": "Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, AAA, bond fund, data as of Nov 12, 2026. https://etfiq.com/funds/aaa"
}