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Upturn AI SWOT - About
Listed Funds Trust - AAF First Priority CLO Bond ETF (AAA)
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Upturn Advisory Summary
10/14/2025: AAA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 14.27% | Avg. Invested days 251 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.06 | 52 Weeks Range 23.73 - 25.09 | Updated Date 06/29/2025 |
52 Weeks Range 23.73 - 25.09 | Updated Date 06/29/2025 |
Upturn AI SWOT
Listed Funds Trust - AAF First Priority CLO Bond ETF
ETF Overview
Overview
The AAF First Priority CLO Bond ETF (AAA) seeks to generate current income by investing primarily in first priority, investment-grade (AAA) rated CLO debt. It aims to provide exposure to the CLO market with a focus on risk management through high credit quality.
Reputation and Reliability
AAF Asset Management is a relatively new player in the ETF market; its reputation is still developing, but it focuses on fixed-income solutions.
Management Expertise
The management team has experience in structured credit markets, particularly CLOs, which is essential for managing this type of ETF.
Investment Objective
Goal
To generate current income by investing primarily in first priority, investment-grade (AAA) rated CLO debt.
Investment Approach and Strategy
Strategy: The ETF does not track a specific index but employs an active management strategy to select CLO bonds.
Composition The ETF primarily holds AAA-rated CLO debt. A small allocation may go to cash or other investments.
Market Position
Market Share: The AAF First Priority CLO Bond ETF holds a modest market share within the broader fixed income ETF market, with a small percentage of the overall CLO ETF market.
Total Net Assets (AUM): 89075000
Competitors
Key Competitors
- JAAA
- CLOZ
- ICLO
Competitive Landscape
The CLO ETF market is relatively concentrated, with a few large players dominating. AAA distinguishes itself by focusing exclusively on top-rated (AAA) CLO tranches, a strategy that appeals to more risk-averse investors; however, this limits its return potential compared to competitors holding lower-rated CLOs.
Financial Performance
Historical Performance: Past performance is not indicative of future results. The ETF's performance will vary based on market conditions and the CLO market.
Benchmark Comparison: Since it is actively managed and doesn't track a specific index, direct benchmark comparison may not always be relevant; however, it may be compared against broad investment grade fixed income indices.
Expense Ratio: 0.41
Liquidity
Average Trading Volume
The average trading volume is moderate but can fluctuate depending on market interest and investor activity.
Bid-Ask Spread
The bid-ask spread can vary and might widen during periods of market volatility due to the ETF's specialized investments.
Market Dynamics
Market Environment Factors
Economic growth, interest rate changes, and credit market conditions significantly impact the performance of CLOs and, therefore, the ETF. AAA ratings of CLOs also play a major part.
Growth Trajectory
The growth trajectory is tied to the expansion and performance of the CLO market; changes to the ETF's strategy could involve adjustments to its CLO holdings based on market conditions.
Moat and Competitive Advantages
Competitive Edge
AAA differentiates itself by focusing solely on the highest-rated CLO debt (AAA). This strategy provides increased safety and reduced credit risk, but comes with the trade-off of potentially lower yield. This focused approach provides a unique appeal to risk-averse investors seeking safety and income. This strategy is a niche approach in comparison to more broadly allocated competitors.
Risk Analysis
Volatility
The volatility is generally lower than ETFs investing in lower-rated CLO tranches due to the high credit quality of its holdings.
Market Risk
The ETF is still exposed to market risks affecting the broader fixed income market, including interest rate risk and credit spread widening; specific risks associated with CLOs include extension risk and potential downgrades, although these are less likely with AAA-rated tranches.
Investor Profile
Ideal Investor Profile
The ideal investor is a risk-averse individual or institution seeking current income with a focus on capital preservation. Investors looking for low risk and a steady return in the fixed-income market.
Market Risk
The ETF is suitable for long-term investors seeking a relatively stable income stream with lower risk compared to other fixed-income investments.
Summary
The AAF First Priority CLO Bond ETF (AAA) offers exposure to AAA-rated CLO debt with a focus on generating current income. Its strategy caters to risk-averse investors seeking stability in the fixed-income market. While it offers lower volatility than its peers, its return potential might be limited. The ETF's performance is closely tied to the credit quality and market conditions of the CLO market. It provides a unique niche in the fixed-income ETF space focusing on high quality assets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- aafasset.com
- etf.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be made based on your own research and risk tolerance. Past performance is not indicative of future results. Market data and financial information are subject to change.
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
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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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