Reckoner Yield Enhanced AAA CLO ETF

RAAA

Market cap $27.6M

Reckoner Capital Management announced the launch of the Reckoner BBB-B CLO ETF (RCLO) on the NYSE Arca today. The fund debuted with more than $27 million in assets under management.

On the latest ETF 360, VettaFi's Cinithia Murphy talked to Reckoner Capital Management's John Kim. The two discussed CLOs and the Reckoner Leveraged AAA CLO ETF (RAAA).

Approximately 500 new ETFs launched year-to-date through mid July, according to FactSet. This is significantly more than the approximately 300 at this point a year earlier.

Reckoner Leveraged AAA CLO ETF (RAAA) is the first ETF to offer leveraged exposure to the stable AAA CLO asset class. The fund is managed by an experienced team, notably John Kim, with a strong track record in CLO ETF management. RAAA aims to enhance yield by actively applying leverage, potentially offering a 60 bps excess spread over established funds like JAAA.

NEW YORK--(BUSINESS WIRE)-- #AAACLO--Reckoner Capital Management announced the launch of the Reckoner Leveraged AAA CLO ETF (NYSE: RAAA), the first-ever levered AAA CLO ETF.