Alternative Access First Priority CLO Bond ETFAAA

Alternative AccessBonds & CashCorporate#104 of 785 by YTD

$24.78

+0.1% last session

+2.9% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026AAAS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	−0.2%	+0.2%	+2.9%	+3.8%	+17.7%	+26.3%	+27.4%
Peer average	−0.1%	+1.1%	−0.6%	+0.1%	+0.8%	+19.8%	+5.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $72M
Expense ratio: 0.19%
Distribution yield: 4.6%
NAV: $24.97
Volume: 27K
Avg. volume 30D: 16K
High today: $24.83
Low today: $24.70
Previous close: $24.75
52-week high: $25.18
52-week low: $24.67
Our risk indicator: 2/5

AAA in One Breath

AAA Among Corporate ETFs

YTD

#1BCLOiShares+4.7%$113M

#2CLOCAAM+4.7%$60.8M

#3PCMMBondBloxx+4.5%$268M

#4RAAAReckoner+4.5%$45.0M

#5PSQAPalmer Square+4.4%$250M

#6ACLOTCW+4.3%$595M

#7CLOAiShares+4.1%$2.8B

#8CLOIVanEck+4.1%$1.8B

#29AAAAlternative Access+2.9%$72.4M

End-of-day Nov 4, 2026 · 139 Corporate ETFs by YTD

$10,000 in AAA

$10,000 in AAA became

$12,630

In the S&P 500 (VOO)

$17,749

Total return, dividends in · Oct 26, 2021 – Nov 3, 2026 · S&P 500 uses VOO

AAA’s Top Holdings

Today

CASHCash18.6%FCBSL 2025-24.2%LCM 38A AR2 4.2%KKR 32A A1R24.2%CGMS 2019-4A4.2%APID 2021-354.2%NEUB 2015-204.2%MDPK 2019-354.2%PARPK 2021-14.2%SIXST 2019-14.2%FCBSL 2024-42.8%AMMC 2025-312.8%CEDF 2017-8A2.8%APID 2022-392.8%CYGPK 2020-12.8%VOYA 2021-2A2.8%MAGNE 2023-32.8%MDPK 2025-712.8%LCM 40A A1R 2.1%SPCLO 2024-72.1%BCC 2025-1A 2.1%BLUEM 2019-21.9%12 more

Alternative Access AAA · 34 holdings · tile size = share of the fund · as of Nov 3, 2026

What AAA Holds

Today

All holdings100.0%

CASH 18.6 · FCBSL 2025 4.2 · LCM 38A AR 4.2 · KKR 32A A1 4.2 · CGMS 2019- 4.2 · APID 2021- 4.2 · NEUB 2015- 4.2

Alternative Access AAA · share of the fund · as of Nov 3, 2026

Cash’s Share of AAA

Today

18.6%

$186 of every $1,000 in AAA is Cash

Cash held by AAA

$13.5M

Most Cash per dollar

MNA4.5%

MMCA1.5%

CPLB0.2%

MMIN0.1%

Alternative Access AAA · each square = $10 of $1,000 · as of Nov 3, 2026

AAA’s Share of Corporate ETFs

Today

0.0%

of the $396B in 169 Corporate ETFs

AAA$72.4M0.0%

VCIT$66.6B16.8%

VCSH$43.9B11.1%

166 others$285B72.1%

Corporate ETF AUM · Nov 4, 2026

AAA Fee per $100 vs Peers

Today

$0.19a year
per $100

$19 a year on $10,000

VCIT$0.03

VCSH$0.03

IGSB$0.04

LQD$0.14

AAA$0.19

JAAA$0.20

Expense ratio · Corporate peers · Nov 4, 2026

Inside AAA

34 holdings · as of Nov 3, 2026

AAA

Alternative Access First Priority CLO Bond ETF

Today

All holdings100.0%CASH18.6%Fcbsl 20254.2%LCM 38A AR4.2%KKR 32A A14.2%Cgms 2019-4.2%Apid 2021-4.2%Neub 2015-4.2%Mdpk 2019-4.2%Parpk 20214.2%Sixst 20194.2%Fcbsl 20242.8%Ammc 2025-2.8%Cedf 2017-2.8%Apid 2022-2.8%20 more holdings32.9% of the fund

All holdings100.0%CASH18.6%28 more holdings60.6% of the fund

#	Ticker	Company	Weight ▼
1	CASH	CASH	18.60%
2	—	Fcbsl 2025-2a A V/R 10/15/38	4.17%
3	—	LCM 38A AR2 V/R 11/04/38	4.16%
4	—	KKR 32A A1R2 V/R 07/15/39	4.16%
5	—	Cgms 2019-4a A1R V/R 06/22/39	4.16%
6	—	Apid 2021-35a A1 V/R 07/20/39	4.16%
7	—	Neub 2015-20a A1 V/R 04/15/39	4.16%
8	—	Mdpk 2019-35a A1 V/R 02/13/39	4.16%
9	—	Parpk 2021-1a AR V/R 01/20/39	4.16%
10	—	Sixst 2019-14a A V/R 01/20/38	4.15%

Alternative Access AAA · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 82.3%

How It Compares

AAA

Alternative Access First Priority CLO Bond ETF’s Peers

YTD


VCIT	VanguardRead Desk	0.03%	−1.5%	−0.7%	$66.6B
VCSH	VanguardRead Desk	0.03%	+0.9%	+1.9%	$43.9B
LQD	iSharesRead Desk	0.14%	−2.1%	−1.9%	$32.8B
JAAA	Janus HendersonRead Desk	0.20%	+3.8%	+4.9%	$32.3B
IGSB	iSharesRead Desk	0.04%	+1.0%	+1.9%	$23.6B
AAA	Alternative AccessThis fundRead Desk	0.19%	+2.9%	+3.8%	$72M

Corporate peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put AAA head to head with VCIT →

VCIT vs AAA

YTD

VCITVanguard · CorporateAAAAlternative Access · Corporate

Year to date

−1.5%

+2.9%

AAA wins+4.4 pts

Past year

−0.7%

+3.8%

AAA wins+4.5 pts

Fee

0.03%

0.19%

VCIT winslower fee

Yield

5.1%

4.6%

VCIT wins+0.4 pts

AUM

$66.6B

$72.4M

VCIT919.6× more

2–2level

Vanguard VCIT and Alternative Access AAA · year-to-date · as of Nov 4, 2026 · AUM not scored

AAA vs VOO

YTD

AAA · Alternative Access First Priority CLO Bond

+2.9%

VOO · S&P 500

+11.5%

Gap

8.6 pts

Alternative Access AAA and Vanguard VOO · YTD total return · as of Nov 4, 2026

AAA vs Its Peer Average

YTD

AAAAvsBPeer average

1D+0.1%−0.1%

1M−0.2%+1.1%

3M+0.2%−0.6%

YTD+2.9%+0.1%

1Y+3.8%+0.8%

3Y+17.7%+19.8%

5Y+26.3%+5.5%

5–2AAA wins

168 Corporate peers · each row scaled to its leader

The Details

AAA

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y2.97%

Deepest drop · 1Y−1.1%

Lowest point · 5Y−2.1%

52-week range

$24.78

$24.67−1.6% from the high$25.18

Alternative Access AAA · past-year price moves · as of Nov 4, 2026

AAA

Fund Facts

Today

2020launched Sep 9

Tracks[…]

Exchange · CUSIPAMEX · 46144X610

StructureETF

Leverage1x

Cost on $10,000$19 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Alternative Access AAA · fund facts · as of Nov 4, 2026

AAA

Payouts by Year

$0.0960per share, Oct 2026

Distribution yield4.6%

PaidEvery month

Latest ex-date · paidOct 30 · Nov 2, 2026

12 payouts added up$1.14 a share

Alternative Access AAA · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2026-03-31 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-12-31 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗

Trading & Liquidity

Net asset value$24.97

Premium / discount[…]

Median spread · 30D[…]

Volume today27K

Average volume · 30D16K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.19%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$19.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 30, 2026	Nov 2, 2026	$0.0960
Sep 30, 2026	Oct 1, 2026	$0.0892
Aug 31, 2026	Sep 1, 2026	$0.0899
Jul 31, 2026	Aug 3, 2026	$0.0958
Jun 30, 2026	Jul 1, 2026	$0.0864
May 29, 2026	Jun 1, 2026	$0.10
Apr 30, 2026	May 1, 2026	$0.10
Mar 31, 2026	Apr 1, 2026	$0.0929
Feb 27, 2026	Mar 2, 2026	$0.0942
Jan 30, 2026	Feb 2, 2026	$0.10
Dec 26, 2025	Dec 30, 2025	$0.10
Nov 28, 2025	Dec 1, 2025	$0.0960

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