Fund Overview
A low volatility, yield enhancement strategy relative to traditional High Interest Savings and other cash management offerings.
Invest in low risk, high quality, floating rate assets with an average AAA credit rating.
Minimum 60% allocation to AAA rated CLO’s
Maximum 40% allocation to combination of AA and A rated securities with 0% allocation to below A rated securities.
Average gross yield pick-up 130 bps relative to other cash options
Bulk tradeable with no hidden fees, no lock-up periods, or minimum balances.
Daily liquidity (T+2)
Monthly distributions
Why Invest in this ETF
High-Quality Asset Class
Access to AAA rated credit securities which are hard to source in both Canada and Globally. AAA-rated CLOs have been a stable asset class through the Global Financial Crisis and the COVID-19 pandemic, eliciting growth in the CLO market.
Risk Management
AAA to A - rated CLOs are floating rate securities and will help diversify a traditional fixed income portfolio, while exhibiting low volatility and low downgrade risk.
Efficient ETF Structure
Provides exposure to AAA to A -rated CLO markets historically available only to institutional investors with the lower cost, transparency, and liquidity characteristics of the ETF structure.
Sub-advisor
Astra Asset Management UK Ltd.
Shikha Gupta
Portfolio Manager and Investment Management Team member
Christian Adler
Co-Founder and Investment Management Team member
Eligibility
- Registered Accounts Eligible
SWP
PACC
ETF Details
Inception Date: Sep 19th, 2024
Ticker: RAAA
Total Net Assets: $21.1M (April 15, 2025)
CUSIP: 220797203
ISIN: CA2207972035
Morningstar Category: Global Fixed Income
Exchange: Toronto Stock Exchange
Distribution Frequency: Monthly
Credit Quality
No Data Found
Sectors
No Data Found
Region
No Data Found
Top Holdings
| Holdings | Portfolio % |
|---|---|
| Arbour CLO V DAC | 9.75% |
| Barings Euro CLO 2019-2 DAC | 9.35% |
| St Paul's CLO VII DAC | 9.10% |
| Adagio XII Eur Clo DAC | 8.95% |
| Sound Point Euro CLO XI Funding DAC | 8.94% |
| Voya Euro CLO I DAC | 8.79% |
| CVC Cordatus Loan Fund XXXII DAC | 8.78% |
| Adagio CLO VIII DAC | 8.75% |
| Trinitas Euro CLO VII DAC | 6.27% |
| Ares European CLO XX DAC | 6.27% |
| Barings Euro CLO 2021-2 DAC | 6.21% |
| Voya Euro CLO I DAC | 2.51% |
| Bain Capital Euro CLO 2019-1 DAC | 2.24% |
| Invesco Euro CLO IV DAC | 2.20% |
| Northwoods Capital 23 Euro DAC | 1.55% |
| HSBC Global Liquidity Funds plc - Canadian Dollar | 0.29% |
| CASH | 0.05% |
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. The indicated rate of return is the historical annual compounded total return including changes in share/unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.
This information is provided for illustrative and discussion purposes only. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. Historical trends do not imply, forecast or guarantee future results. Information is as of the date indicated and subject to change without notice. Nothing herein constitutes a prediction or projection of future events or future market behavior.
If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.