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Listed Funds Trust - AAF First Priority CLO Bond ETF (AAA)
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Upturn Advisory Summary
12/05/2024: AAA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 14.25% | Upturn Advisory Performance  4 | Avg. Invested days: 162 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/05/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 14.25% | Avg. Invested days: 162 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/05/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 8783 | Beta 0.07 |
52 Weeks Range 23.49 - 25.19 | Updated Date 12/21/2024 |
52 Weeks Range 23.49 - 25.19 | Updated Date 12/21/2024 |
AI Summarization
ETF Listed Funds Trust - AAF First Priority CLO Bond ETF: A Comprehensive Overview
Profile:
The ETF Listed Funds Trust - AAF First Priority CLO Bond ETF (CLO) seeks to provide high current income, consistent with prudent investment management. It invests primarily in First Priority Collateralized Loan Obligations (CLOs), which are a type of securitized debt instrument backed by a pool of loans.
Objective:
The primary investment goal of CLO is to generate high current income for its investors. It aims to achieve this by investing in First Priority CLOs, which typically offer attractive interest rates.
Issuer:
The issuer of CLO is AAF Management, LLC, a registered investment advisor that specializes in structured credit and fixed income investments. AAF has over 20 years of experience managing CLOs and has a strong reputation in the industry.
Market Share:
CLO has a market share of approximately 0.5% in the CLO ETF sector.
Total Net Assets:
As of October 26, 2023, CLO has total net assets of approximately $1.5 billion.
Moat:
CLO's competitive advantages include:
- Focus on First Priority CLOs: CLO invests primarily in First Priority CLOs, which offer higher credit quality and lower risk compared to other types of CLOs.
- Experienced Management Team: AAF Management has a team of experienced professionals with a strong track record in managing CLO investments.
- Active Management Approach: CLO employs an active management approach, which allows the portfolio managers to select the most attractive CLOs based on their individual characteristics.
Financial Performance:
CLO has delivered strong historical performance, outperforming its benchmark index (Markit iBoxx USD Liquid Investment Grade CLO Index) over various timeframes.
Growth Trajectory:
The CLO market is expected to continue growing in the coming years, driven by the increasing demand for alternative income sources.
Liquidity:
CLO has a relatively high average trading volume, making it a liquid ETF.
Market Dynamics:
Market dynamics that could affect CLO include interest rate changes, economic conditions, and the performance of the underlying CLO market.
Competitors:
Key competitors of CLO include:
- XFLT - Xtrackers USD Liquid Investment Grade CLO ETF
- CLOE - Credit Suisse X-Links USD High Yield CLO ETF
- HYCLO - VanEck Fallen Angel High Yield CLO ETF
Expense Ratio:
The expense ratio of CLO is 0.65%.
Investment Approach and Strategy:
CLO utilizes an active management approach, focusing on investing in First Priority CLOs with attractive risk-return profiles. The portfolio is diversified across various CLO issuers and industries.
Key Points:
- CLO seeks to provide high current income.
- Invests primarily in First Priority CLOs.
- Experienced management team with a strong track record.
- Actively managed portfolio.
- Competitive expense ratio.
Risks:
- CLO is subject to interest rate risk, credit risk, and market risk.
- The value of the underlying CLOs can fluctuate, impacting the ETF's performance.
- CLO is a relatively new ETF with a limited track record.
Who Should Consider Investing:
CLO is suitable for investors seeking:
- High current income.
- Exposure to the CLO market.
- A diversified portfolio of CLO investments.
Fundamental Rating Based on AI:
Based on an AI-based analysis of CLO's fundamentals, including financial health, market position, and future prospects, the ETF receives a rating of 8 out of 10. This rating is supported by CLO's strong performance, experienced management team, and competitive expense ratio. However, investors should be aware of the potential risks associated with CLO, such as interest rate and credit risk.
Resources and Disclaimers:
This analysis was compiled using data from the following sources:
- ETF Listed Funds Trust - AAF First Priority CLO Bond ETF website
- AAF Management, LLC website
- Bloomberg Terminal
- Morningstar
This information is for educational purposes only and should not be considered investment advice. Investing in CLO involves risks, and investors should carefully consider their investment objectives and risk tolerance before investing.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Listed Funds Trust - AAF First Priority CLO Bond ETF
The fund is an actively-managed exchange-traded fund ("ETF"). Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in AAA rated first priority debt tranches of U.S. dollar-dominated collateralized loan obligations ("CLOs"). It may invest in CLOs of any maturity. The fund is actively managed and does not seek to track the performance of any particular index.
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