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Launched · SEC filings

Reckoner BBB-B CLO Reinvesting ETF

RCLRNYSE ArcaF

$51.780.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

F20/ 100

Rank 33 of 34 in Collateralized Loan Obligations (CLO)

F20/100Rank 33 of 34inCollateralized Loan Obligations (CLO)
Intraday session: flat, 1 prints from 51.78 to 51.78. Range 51.78 to 51.78. Use the arrow keys to read each point.51.0051.5052.5010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$16M
1Y total return
—
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$51.79
52W range
low $48.14high $51.85
Launched
Filings
SEC EDGAR

The ETF.net RCLR Grade

Based on 5 of 6 pillars

F

Score 20 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
33 of 34
Six-pillar profile for RCLR. Scores out of 100: Cost 8, Risk 20, Mission not scored, Tradability 45, Holdings 21, Durability 29. Strongest: Tradability (45). Weakest: Cost (8). Based on 5 of 6 pillars.

Score 20 of 100 falls in the F 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.
    F8 out of 100
    Rank 31 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.
    F20 out of 100
    Rank 30 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 19 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F21 out of 100
    Rank 32 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 29 of 34

Our read on RCLR

ETF.net Research

FMost bond funds pipe cash out on a schedule. RCLR runs the other way: it holds Reckoner's BBB-B CLO strategy and aims to minimize payouts to at most one a year, keeping income inside the fund rather than in your account.

Stated mandate

The Fund seeks total return while minimizing dividend or distribution payments.

Why people hold it

  1. 01Rare shape for a US bond fund: the stated goal is total return while minimizing dividend and distribution payments, with payouts limited to one a year.
  2. 02One ticket into mid-tier CLO debt: it invests through the Reckoner BBB-B CLO ETF (RCLO) instead of leaving you to source individual tranches.
  3. 03Ordinary 1940 Act fund wrapper, the same regulated structure behind mainstream ETFs, so there is no partnership paperwork attached.
  4. 04Fixed income exposure without a payout drip to redeploy, since the design retains income rather than pushing it out each month.

Worth knowing

  1. 01Costs 0.60% a year against a 0.40% median for high-yield bond ETFs, and well above index staples like SCYB at 0.03% and SPHY at 0.05%.
  2. 02Arrived in February 2026 as a small fund, so the record is short and trading has been light. Spreads can run wider than in the category's giants.
  3. 03Not the shape for spending money: distributions are deliberately minimized to at most one payment a year, so regular cash flow is not part of the design.

RCLR Holdings

As of Oct 12, 2026
Asset class
Bonds
Holdings
2
Top-10 weight
100%
Largest holding
RCLY99.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RCLYReckoner BBB-B CLO Annual ETF99.25%148,800$15M1
002—U.S. Bank Money Market Deposit Account 06/01/20310.75%117,141$117K103

Showing 1–2 of 2 holdings

RCLR 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.
RCLR$10,231
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. RCLR $10,231. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 RCLR. Periods over one year show the average yearly return.
PeriodRCLR
Year to dateFund launched this year—
1 month+0.2%
3 months+2.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 RCLR
YearReturn barRCLR
2026 YTD+3.4%

Since listing, Feb 11, 2026

RCLR in the news

Filtered to RCLR · Collateralized Loan Obligations (CLO)

RCLR 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 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Feb 2026. No distributions yet.

RCLR Risk

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.
0.09
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.

RCLR Cost

Expense ratio0.60%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

30 of the 34 Collateralized Loan Obligations (CLO) funds charge less.

RCLR costs $60.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.

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