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Launched · SEC filings

Reckoner Yield Enhanced AAA CLO Reinvesting ETF

RAARNYSE ArcaReckonerD

$51.66−0.03 (−0.06%)

As of Nov 2, 2026, 1:44 PM ET

D33/ 100

Rank 30 of 34 in Collateralized Loan Obligations (CLO)

D33/100Rank 30 of 34inCollateralized Loan Obligations (CLO)
Intraday session: down, 46 prints from 51.69 to 51.66. Range 51.66 to 51.69. Use the arrow keys to read each point.51.6651.6751.6751.6851.6910 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$18M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
2.64K sh
52W range
low $49.74high $53.44
Launched
Filings
SEC EDGAR

The ETF.net RAAR Grade

Based on 5 of 6 pillars

D

Score 33 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
30 of 34
Six-pillar profile for RAAR. Scores out of 100: Cost 32, Risk 36, Mission not scored, Tradability 42, Holdings 22, Durability 40. Strongest: Tradability (42). Weakest: Holdings (22). Based on 5 of 6 pillars.

Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D32 out of 100
    Rank 23 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 22 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 21 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F22 out of 100
    Rank 31 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C40 out of 100
    Rank 25 of 34

Our read on RAAR

ETF.net Research

In short

DMost AAA CLO ETFs exist to spray income at you every month. RAAR is the odd one out: an actively managed AAA CLO fund that aims to distribute just once a year, letting interest stack up inside the wrapper instead.

Stated mandate

The Fund is an actively-managed ETF that seeks total return by investing in AAA-rated debt tranches of collateralized loan obligations (CLOs), while aiming to limit dividend or income distributions to once per year.

Why people hold it

  • The rare accumulator. It aims to limit distributions to once a year, so CLO interest builds inside the fund instead of landing in your account twelve times a year.
  • Exactly what the name says: AAA-rated CLO debt tranches, the senior slice of the loan securitization stack, picked by an active manager rather than tracked off an index.
  • Built around the same AAA CLO strategy as its sibling RAAA, with the payout switch turned from routine income to an annual event.

Worth knowing

  • It charges 0.40% a year. The typical AAA CLO ETF sits near 0.25%, and the category's largest names (JAAA, CLOA, PAAA) run about 0.20%.
  • Launched in late 2024 and still a small, thinly traded fund, so bid-ask spreads can run wider than the category's heavyweights. Limit orders matter here.
  • The once-a-year cadence is a stated aim, not a promise, and by design there is no monthly cash landing in your account from this fund.

RAAR Holdings

Holdings pillarF22 out of 100Rank 31 of 34 in Collateralized Loan Obligations (CLO)
Asset class
Bonds
Holdings
2
Top-10 weight
100%
Largest holding
RAAY99.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1RAAYReckoner Yield Enhanced AAA CLO Annual ETF99.11%173,320$17.9M1
2No dataU.S. Bank Money Market Deposit Account 06/01/20310.89%161,308$161K106

Showing 1–2 of 2 holdings

RAAR Performance

Launched Feb 11, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
RAAR$10,111
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. RAAR $10,111. SPY $10,141. Use the arrow keys to read each point.$10,000$10,200$10,400Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for RAAR. Periods over one year show the average yearly return.
PeriodRAAR
Year to dateFund launched this yearNo data
1 month+0.3%
3 months+1.1%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RAAR
YearReturn barRAAR
2026 YTD+3.4%

History from Feb 12, 2026

RAAR in the news

RAAR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Feb 2026. No distributions yet.

RAAR Risk

Risk pillarD36 out of 100Rank 22 of 33 in Collateralized Loan Obligations (CLO)
How much the fund’s monthly returns vary, scaled to a year.
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.06
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

RAAR Cost

Compare RAAR and CLOC

Overpaying vs CLOC, cheapest in Collateralized Loan Obligations (CLO)

$4,341

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • RAAR 0.40%

    $8,090

  • CLOC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • RAAR 0.40%
  • CLOC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530RAAR $8,090CLOC $3,749

Year by year

YearRAARCLOCOverpaying
10$723$328$395
20$2,793$1,281$1,512
30$8,090$3,749$4,341

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