Alternative Access First Priority CLO Bond ETFAAA

Alternative AccessBonds & CashCorporate#138 of 785 by YTD

$24.71

−0.3% last session

+2.7% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted return from the previous close · S&P 500 uses VOOAAAS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.3%	−0.5%	0.0%	+2.7%	+3.6%	+17.4%	+25.9%	+27.0%
Peer average	+0.4%	+1.3%	−0.1%	+0.5%	+1.4%	+20.5%	+5.7%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $72M
Expense ratio: 0.19%
Distribution yield: 4.6%
NAV: $24.97
Volume: 22K
Avg. volume 30D: 17K
High today: $24.82
Low today: $24.71
Previous close: $24.78
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+4.8%$113M

#2CLOCAAM+4.7%$60.8M

#3RAAAReckoner+4.6%$45.0M

#4PCMMBondBloxx+4.5%$268M

#5PSQAPalmer Square+4.4%$250M

#6NCLONuveen+4.4%$243M

#7ACLOTCW+4.3%$595M

#8RCLOReckoner+4.1%$44.6M

#33AAAAlternative Access+2.7%$72.4M

End-of-day Nov 5, 2026 · 139 Corporate ETFs by YTD

$10,000 in AAA

$10,000 in AAA became

$12,594

In the S&P 500 (VOO)

$18,115

Total return, dividends in · Oct 27, 2021 – Nov 4, 2026 · S&P 500 uses VOO

AAA’s Top Holdings

Today

CASHCash19.0%FCBSL 2025-24.2%LCM 38A AR2 4.2%KKR 32A A1R24.2%NEUB 2015-204.2%CGMS 2019-4A4.2%MDPK 2019-354.2%APID 2021-354.2%SIXST 2019-14.2%PARPK 2021-14.2%CEDF 2017-8A2.8%FCBSL 2024-42.8%AMMC 2025-312.8%CYGPK 2020-12.8%APID 2022-392.8%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 4, 2026

What AAA Holds

Today

All holdings100.0%

CASH 19.0 · FCBSL 2025 4.2 · LCM 38A AR 4.2 · KKR 32A A1 4.2 · NEUB 2015- 4.2 · CGMS 2019- 4.2 · MDPK 2019- 4.2

Alternative Access AAA · share of the fund · as of Nov 4, 2026

Cash’s Share of AAA

Today

19.0%

$190 of every $1,000 in AAA is Cash

Cash held by AAA

$13.8M

Most Cash per dollar

MMHI1.7%

MMCA0.8%

CLOO0.2%

MMMA0.2%

Alternative Access AAA · each square = $10 of $1,000 · as of Nov 4, 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 5, 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 5, 2026

Inside AAA

34 holdings · as of Nov 4, 2026

AAA

Alternative Access First Priority CLO Bond ETF

Today

All holdings100.0%CASH19.0%Fcbsl 20254.2%LCM 38A AR4.2%KKR 32A A14.2%Neub 2015-4.2%Cgms 2019-4.2%Mdpk 2019-4.2%Apid 2021-4.2%Sixst 20194.2%Parpk 20214.2%Cedf 2017-2.8%Fcbsl 20242.8%Ammc 2025-2.8%Cygpk 20202.8%20 more holdings32.5% of the fund

All holdings100.0%CASH19.0%28 more holdings60.2% of the fund

#	Ticker	Company	Weight ▼
1	CASH	CASH	19.01%
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	—	Neub 2015-20a A1 V/R 04/15/39	4.16%
6	—	Cgms 2019-4a A1R V/R 06/22/39	4.16%
7	—	Mdpk 2019-35a A1 V/R 02/13/39	4.16%
8	—	Apid 2021-35a A1 V/R 07/20/39	4.16%
9	—	Sixst 2019-14a A V/R 01/20/38	4.15%
10	—	Parpk 2021-1a AR V/R 01/20/39	4.15%

Alternative Access AAA · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 82.8%

How It Compares

AAA

Alternative Access First Priority CLO Bond ETF’s Peers

YTD


VCIT	VanguardRead Desk	0.03%	−0.9%	+0.1%	$66.6B
VCSH	VanguardRead Desk	0.03%	+1.2%	+2.1%	$43.9B
LQD	iSharesRead Desk	0.14%	−1.4%	−0.9%	$32.8B
JAAA	Janus HendersonRead Desk	0.20%	+3.8%	+4.8%	$32.3B
IGSB	iSharesRead Desk	0.04%	+1.3%	+2.2%	$23.6B
AAA	Alternative AccessThis fundRead Desk	0.19%	+2.7%	+3.6%	$72M

Corporate peers · YTD and past-year returns · as of Nov 5, 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

−0.9%

+2.7%

AAA wins+3.5 pts

Past year

+0.1%

+3.6%

AAA wins+3.5 pts

Fee

0.03%

0.19%

VCIT winslower fee

Yield

5.0%

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 5, 2026 · AUM not scored

AAA vs VOO

YTD

AAA · Alternative Access First Priority CLO Bond

+2.7%

VOO · S&P 500

+13.4%

Gap

10.7 pts

Alternative Access AAA and Vanguard VOO · YTD total return · as of Nov 5, 2026

AAA vs Its Peer Average

YTD

AAAAvsBPeer average

1D−0.3%+0.4%

1M−0.5%+1.3%

3M0.0%−0.1%

YTD+2.7%+0.5%

1Y+3.6%+1.4%

3Y+17.4%+20.5%

5Y+25.9%+5.7%

4–3AAA wins

168 Corporate peers · each row scaled to its leader

The Details

AAA

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y2.98%

Deepest drop · 1Y−1.1%

Lowest point · 5Y−2.3%

52-week range

$24.71

$24.67−1.9% from the high$25.18

Alternative Access AAA · past-year price moves · as of Nov 5, 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 5, 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 today22K

Average volume · 30D17K

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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